- 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
- 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. 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
- 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!
-  Benjamin Ginsberg, The Fatal Embrace: Jews and the
State, University of Chicago Pres, Chicago 1993, p 73