Israel Shamir 28 Settembre 2008

Instead of spelling disaster, the financial collapse offers a unique opportunity to fix all of America’s ills

Seven years after 9/11, we witness another, greater and even more enjoyable collapse, that of the American financial pyramid. It took some twenty years in building; its collapse took only a few weeks. Let us cut the hypocritical crap: this was a wonderful show, no ifs, ands or buts. The US stock markets boomed when they bombed Baghdad and Belgrade, they prospered when they robbed Moscow and squeezed sweat from Beijing. When they had it good, they had plenty of money for invading Iraq, threatening Iran and strangling Palestine. In short, when it was good for them, it was bad for us. Let them have a taste of their own medicine!

“They” are not the Americans, and “we” are not the rest of the planet. “They” are a small sliver of the American population, the get-rich-quick crowd from the East Side of Manhattan and similar places. The last twenty years witnessed a great shift of money upwards, to a smaller and smaller pack of greedy beasts. While the majority of Americans lost the ability to send their children to universities, these fat cats bought themselves villas in Florida and houses in Tel Aviv. Worse, they spent their billions buying up the media in order to subvert American democracy and send American soldiers to fight wars in far-away places. A big part of the stolen money was siphoned off to Israel, where apartment prices went through the roof and are still rising.

They had it good; they were proud that the financial charts of the US and of the world were drawn up in a small room by Henry Paulson of the Treasury, Ben Bernanke and Alan Greenspan of the Federal Reserve, by Maurice Greenberg of A.I.G. They built their world surrounded by Lehman Brothers, Merrill Lynch, Goldman Sachs, Marc Rich, Michael Milken, Andrew Fastow, George Soros, et al. Their exciting new world of Lexus and Nexus was glorified by Tom Friedman of the New York Times. They gave the Nobel Prize in Economics to Myron Scholes and Robert C. Merton, proud board directors of the now infamous Long Term Capital Management hedge fund that was bailed out by the Federal Reserve Bank of New York to the tune of $3.6 billion. President Bush rewarded them for their unaccountability by releasing them from the burden of taxation. Let them pay now for all the fun they had.

They took your real dollars and turned it into funny money -- “unredeemable, non-interest-bearing promissory notes of the Fed, that are not backed by anything other than the confidence of the credulous”, in the words of one Internet wit. The ruination of the American working class and even its middle class is unavoidable The fears about the Large Hadron Collider creating a big black hole in place of Earth were based on this sinking feeling that the incredible riches of the US are disappearing into their own black hole.

This is not the first confidence trick in US history: Jay Gould and Joseph Seligman caused the 'Black Friday' stock market crash in the late 19th century, while Jacob Schiff caused the notorious ‘Black Thursday’ panic that led to a nationwide economic depression (1). Seligman was also the mover behind the Panama affair, a stock market swindle that became proverbial in France. The swindle was set up by two Jews of German origin, Jacques Reinach and Cornelius Herz who bribed parliamentarians. While Reinach was working on the right wing, the ‘Republicans’ of his day, Herz was working on the ‘Democrats’. Wikipedia quotes Hannah Arendt, who wrote that the middlemen between the business sector and the state were almost exclusively Jews. This warm embrace between the state and the business sector was a recipe for disaster.

Obviously things have changed since then, and now the Mammonites are of various persuasions, even of Christian Science, like Hank Paulson, whose net worth is estimated at $700 million and whose career at Goldman Sachs (Chairman 1998-2006) made him the obvious choice for the position of secretary of the treasury. Only their devotion to the god of Greed remained constant. In the world of ideal capitalism (“market economy”) they so glorified, they would have paid a price. In Glen David Gold’s vastly entertaining novel Carter Beats the Devil, their spiritual ancestor was tarred and feathered by strong-willed Connecticut folk circa 1670, for he had bought a whole boatload of imported products with the criminal intent of getting rich quick by cornering the market and ripping off his fellow men. Nowadays such a criminal would get a medal from the neo-liberal Milton Friedman Fund, a citation from JINSA and be taught as a positive example by the Harvard Business School.

Now they intend to use their control over the government in order to shift their losses onto ordinary Americans. Whether this act is called ‘nationalisation’ or ‘privatisation’ or ‘bailout’, the bottom line is that many Americans will find themselves poor, and all Americans will have a huge tax burden to bear. But the perpetrators of the pyramid will get off scot-free; they will retire to their castles and to their sure and protected investments as they have always done before.

The Americans were played for suckers; they were cleaned out as easily as were the unsophisticated Albanians a few years ago. Even worse: the Albanians took out their guns and pursued the robbers; the Americans take it all lying down. But the device was the same.

The Americans are entitled to know who robbed them and their children: these are the men who became so ostentatiously rich during last two decades. They should pay the price of their crime. And if the government, the President, the Congress and Senate, the Democrats and the Republicans are reluctant to enforce it, the ordinary Americans may do as their Connecticut Yankee ancestors did: apply tar and feathers liberally. If this does not help, hang the bastards on the lamp posts.

This is exactly the time to remember why America’s Founding Fathers enshrined the people’s right to own and bear arms in the Second Amendment to the Constitution. Thank God the ADL did not cancel it yet. These arms are not for robbers: they are given to enforce justice when all other means fail. Aux armes, to arms, as the French said when giving this treatment to their tricksters. America has a great tradition of instant direct justice enforcement, this Hang’em High call of the Westerns. Heed it now!  

Let US soldiers come back from unneeded wars and remote bases all over the world: their real enemy is in their own country. In the ringing, still relevant words of Lenin, let us turn the imperial war into a civil one, against the greedy bastards. Instead of charging taxpayers, turn the US into a billionaire-free zone! The billionaires, these greediest rats, gained most from the Great Pyramid; pauperise them. Nullify their bank accounts. The disappearance of trillions of dollars from their electronic bank accounts will drive the value of the greenback up; your salary will become real money again!

If we assume that more than half of all billionaires are proud members of the Israel Lobby, it will also solve the Middle Eastern problem. To be on the safe side, confiscate all the assets of the Pyramid-builders: of Paulson and Bernanke, of Merrill Lynch and Goldman Sachs executives, and of President Bush who allowed it all to happen. Peace will come to Palestine, Afghanistan and Iraq; Americans will again become proud of their country. Such mass confiscation will restore democracy in the US: the next candidates for the Presidency will not go hat in hand to AIPAC to declare their fealty. The defeat of Greed will turn people back to God; the eliminated ballast will allow for national medical care, social security and free education for all. Instead of being a disaster, the financial collapse offers a unique opportunity to fix all America’s ills. Do not miss it!

Speaking for the wide world outside America, I’ll tell you this: do not throw good money after bad. Reject the seductive purring from Washington. Consider your funds in the US already lost. If you can still get something, good; but do not waste money and efforts to regain what is gone. There is a most valuable asset you may get for the lost ones; that is your freedom and independence. An undermined dollar means your economy will be safe. The Pyramid collapse will set you free!

by Israel Shamir

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1) Benjamin Ginsberg, The Fatal Embrace: Jews and the State, University of Chicago Pres, Chicago 1993, p 73

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