One Economic Crisis or Two?

US Policy, Zionist Manipulation, Economics

by Joachim Martillo

 

Too much economic analysis avoids discussion of the fundamental connection of the subprime mortgage crisis with the rise in the cost of commodities like oil. One NPR analyst even tried to claim that mortgage problems resulted from an economic cool-down in the housing sector while oil price rises resulted from an independent "heating up" of the economy. Nothing could be farther from the truth. The mortgage meltdown and $4-$5 per gallon oil are two sides of the same economic miscalculation.

 

Below is a passage from The Israel Lobby and American Society. I added the red underlined phrase to clarify the nature of the inflation that had not yet evinced itself in the oil industry when I wrote my analysis.

 

The subprime mortgage concept has a model in the theft of Palestinian property in the Palestinian occupied territories with resale to unqualified Jewish mortgage borrowers. See Scamming Americans Robbing Palestinians. The Israeli system worked 

• because the US funded Israeli economic growth especially in the hi-tech sector during the 1980 by means of unaccounted cash aid to the Israeli government under the Camp David Accords and
• because the US funded an expansion in the number of Zionist housing seekers by assisting the resettlement of Soviet and formerly Soviet Jews in Israel (really Stolen and Occupied Palestine).

When the Internet boom took off in the US, the US and Israeli government funded Israeli hi-tech sector was poised to take advantage and worked hard to turn the Internet boom into an Internet bubble through manipulation of unofficial Jewish business-social networks,

• which have long existed in the US finance industry and 
• which American Zionists and the Israeli government have worked to transform since the 1970s (through organizations like Aish haTorah) into an unofficial but effective transnational Zionist Israeli US Jewish cohesive social web characterized by a Zionist epistemic culture.

Once the Internet Bubble was established, moving Israeli mortgage techniques from the Occupied Territories to the USA was the next step and laid the groundwork for the subprime mortgage disaster.

Israel Lobby and American Society:
The Failure of Friedmanism and Bernanke's Panic

In the course of the Neoconservative remaking of American society, the USA has begun to look like Islamophobia central with the legal attack on Islamic charities, Arab investments, persecution of Palestinian activists, efforts to expel Islamic scholars, the political campaign to demonize Barak Obama as a Muslim, (Obama versus the Israel Lobby[460] and Followup: Obama vs. Israel Lobby[461]),  and the attempt of Jewish leaders to impose a test of loyalty to Israel before American Muslims can fully participate in American politics. 

Because of Judonian and Israeli government manipulation of the US economy, this Islamophobia has now become a threat to all Americans.

Lowering taxes and printing money to wage the "War on Terror" created economic conditions that threatened rampant inflation by depreciating the currency with concomitant rise in price of imported commodities. Greenspan and Bernanke responded by gradually raising interest rates. 

If the Neocon Friedmanite plan of privatizing the Iraqi economy and then the Lebanese, the Sudanese, and Iranian economies after a sequence of wars, interventions and regime changes had succeeded, the new neocolonial revenue streams could have generated real growth that would have raised housing values.  Instead the program went awry in each country, and Bernanke raised the prime while housing values stagnated. As a result Bernanke triggered the collapse of the subprime market and has plunged the USA into recession or possibly even into depression at the same time the dollar's value has steadily eroded.

To save the economy the USA needs genuine growth, which is practically impossible to achieve as long as the USA is burning money in the Iraq occupation. Bailouts of Wall Street Banks like Bear Stearns help three nondisjoint groups consisting of

• some members of Judonia,
• the more power participants in the ethnic Jewish networks in the finance industry and
• friends of the President.

Not only do such monetary giveaways to the rich and powerful provide no benefit for the vast majority of Americans, but they also represent a reprise of the aforementioned financial rescues of members of the German aristocracy during the Long Depression that started in 1873.

At this point, Gulf Arabs and the Chinese government have as much interest in saving the US economy as ordinary Americans because the Arabs are dollar rich while the Chinese hold a tremendous amount of US debt. Yet because of  

• the attempts of Summers and friends to keep Jews dominant on Wall Street (Zionist Control: Sovereign Wealth Funds?[462]),
• Muslim-baiting by organizations like the David Project,
• the security-obsessed xenophobia that scorched the Unocal acquisition by Cnooc (Chinese Drop Bid To Buy U.S. Oil Firm,[463]) and
• the effort of the organized Jewish community to distract attention from Israeli and Neocon crimes in Palestine, Iraq, and Lebanon by defaming the Sudan and China,

Arab investors and the Chinese government are reluctant to put up the necessary money and make the needed efforts to save the US economy even though they would almost certainly come out ahead and protect the value of their current holdings.

Sphere: Related Content

Shavit: Zionist Bigot, Jewish Racist

Using Holocaust to Avoid Scrutiny

By Joachim Martillo (ThorsProvoni@aol.com)

[I wrote this note in July 2005. Because Ari Shavit has something of a reputation as a leftist or liberal, I am adding it to my blog as a corrective.]

Not only is the July 20th 2005 NPR Connection Radio Program completely offensive because of Shavit`s general racism and condescension, but he also manages to provide a classic example of using the Holocaust to deflect scrutiny or criticism of the Zionist mentality when I ask Shavit (34` 40``) about the racism of Israeli Zionists and the theft of Palestinian lands in the late 1940s-1950s. I wonder if The Connection will provide any non-Zionist and anti-Zionist (maybe even a native Gazan) to analyze the duplicity, hypocrisy and criminality associated with the Israeli government`s concept of disengagement.

Zionists never change. Ben Gurion said the older Palestinians will die and the younger Palestinians will forget. Shavit says the same thing but qualifies that it will happen in the next generation.

I am completely disgusted when Zionists and their apologists tell us that we cannot scrutinize the behavior of the victims of the Holocaust.

 

(Note that in any case, the Zionist leadership did not experience the Holocaust but expected to use it to deflect attention from their planned crimes in Palestine).

 

Elsewhere I have written that "racist ethnic Ashkenazim and Zionist colonizers provide yet another example of the common historical pattern where the victims or descendants of a victimized population become themselves a population of victimizers.* The material that the professional anti-Islamists produce today even almost exactly duplicates the titles of works from professional Judeophobes of the past. Probably with no awareness of his far more learned but similarly malicious forerunner, Robert Spencer called his recently published collection of anti-Islamic bigotry Islam Unveiled, a title that has a striking resemblance to Entdecktes Judentum (Judaism Revealed), the name Eisenmenger chose for his epic screed against Judaism and Jewry.

Just as Serbs, who viewed themselves as victims of genocide during WW2, fell so easily into a murderous victimization mode during the 1990s, likewise today racist ethnic Ashkenazim and racist Zionist colonizers, who either are victims or else are descended from victims of genocide or of incitement that lead to genocide, are now major purveyors or encouragers** of very similar acts against Arabs and Muslims."

 

* One must also remember that Soviet Ethnic Ashkenazim as the quintessential Soviet class were victimizers long before the Holocaust began. See The Pattern of Ethnic Ashkenazi Genocidalism: The Jewish Century by Yuri Slezkine. Many ethnic Ashkenazim had a lot of practice in victimizing others long before the Zionist ethnic cleansing of Palestine started.

** Spencer is not ethnic Ashkenazi, but most of his readership is.

Sphere: Related Content