Martillo Defends His Post as Needed Analysis of Imbroglio

Joachim Martillo defends himself against my charge that a recent post was antisemitic:

You write:
 
So: Martillo finds "evidence" of a Zionist conspiracy behind the credit crunch. What evidence? He just insinuates.  I know this is his theory about Zionists.
And yes I think Zionists are all over the Establishment and that
Jihadi-Jews have a foothold in the U.S., and this blog is concerned
with the unspoken role of ethnicity in our public life.  But Martillo's
view smells like antisemitism to me.
 
I wrote:
 
"While Atzmon partially blames apathy for the apparent ease with which the Neocons pursued their strategy and while he like me considers the credit crunch probably unintentional,
I find evidence of conscious efforts of the Zionist oligarchy and
intelligentsia to increase their power, status, and wealthy through a
pattern of increasing market manipulations that go back to the 50s and
yet have been for the most part unnoticed because 'intangibles' like
ethnicity and covert conspiracy tend to be left out of fundamental
economic theory as if their role in the economy is somehow minor or
anomalous."
 
———————-
 
I was trying specifically to exclude the subprime meltdown as an
example of conscious intent, but there is nothing so close to the
economic model of profitability of subprime real estate mortgage
speculation as mortgage speculation in West Bank development towns. The
economic boom from the privatization of Iraqi state assets never
materialized, of Neocons' promise.
 
I am not sure how to talk about this imbroglio except as some sort
of Zionist political economic conspiracy — there definitely was an
economic and finance aspect to Neocon warmongering.
 
I attended a few Aish
haTorah sponsored finance meetings where the speaker provided a road
map to make money (unethically in my opinion because of gross fiscal
irresponsibility) from subprime mortgages.
 
If you have any ideas about how to discuss this sort of thing, I am open to it.
 
I was always careful to talk about Zionist (not Jewish) market
manipulations* although in the situation where Aish haTorah rabbis
began to spread around finance ideas of which they did not have a shred
of understanding, there was an aspect of general corruption of the
Jewish community associated with Aish haTorah.
 
I have been wondering whether the Aish haTorah rabbis might have
become agents of The Clarion Fund and its backers in order to cover
some bad financial bets. Of course, seeing all the money to which
baalei tshuvah in finance had access may simply have corrupted the
rabbis.

Weiss again: Didn't pass the smell test for me. That the credit crunch was "probably" unintentional? Where's any evidence of a conspiracy here, let alone by Zionists? I agree that Zionists have been less than straightforward on many an occasion, I agree that they wrung the Balfour Declaration from the Brits, and some of them were willing to work with the Nazis, and a lot of them have been untransparent in the U.S. from the jump, and that even some thinktanks are being manipulated by them. But that doesn't mean that critics should undifferentiate and make them a sinister bloc, and throw in crude caricature applied to Jews.

About Philip Weiss

Philip Weiss is Founder and Co-Editor of Mondoweiss.net.
Posted in Israel/Palestine, US Policy in the Middle East, US Politics

{ 8 comments... read them below or add one }

  1. Rachel says:

    Kol Hakovod, Joachim.

    Phil, re-read Joachim then take a minute before you read your reply- " I agree that Zionists have been less than straightforward on many an occasion, I agree that they wrung the Balfour Declaration from the Brits, and some of them were willing to work with the Nazis, and a lot of them have been untransparent in the U.S. from the jump, and that even some thinktanks are being manipulated by them." You sound like Clinton, 'sure I had A, B, and C but I did NOT have sex with that woman."
    The thing is most Americans don't know that Jews backfooted the Brits, that they then were then prepared to align with the nazi. That Jewish sponsored think tanks drew up war plans against Iraq, Iran, Saudi Arabia and Syria (PNAC)then sold them. Most gentiles, don't know but more and more are finding out. So many lies, so much scheming, so much corruption, as someone already pointed out a majority of Jews most certainly did support Iraq and for Israels sake but we want to forget about all that now.
    Phil, we don't pass the smell test. We need to reform ourselves.

  2. Glenn Condell says:

    'Where's any evidence of a conspiracy here, let alone by Zionists?'

    Well, if there's no evidence, then either (a) there was no conspiracy, or (b) the conspiracy was successful (ie, no-one noticed).

    A is the more probable, but B cannot be ruled out. Not without evidence!

    Regarding credit crunch conspiracy, this from xymphora:

    ' 1. Wall Street investment houses were selling investments based on bundled sub-prime loans, while simultaneously gambling that the investments were junk;

    2. The gambling was set up in such a way – using derivatives called Credit Default Swaps, essentially insurance policies against certain levels of default in the underlying mortgages (ironically, this 'insurance' was the reason that some of these securities were sold as 'blue chip investments') – that the same investment houses knew, because of their own speculative gambling behavior, would lead to a country- and world-wide financial disaster that could only be fixed by a government bail-out; and

    3. The same investment houses, most notably Goldman Sachs, have been quietly staffing high American government finance positions with their own employees, who, if you can believe it, came up with a plan to deal with the problem by showering their own firms with gifts of American government money.

    Of course, the fourth part of the conspiracy is that both American political parties work for the same mob of investment houses, and will pass whatever legislation they are told to pass, with the Democrats adding a bit of window dressing to prove they are not 'selling out to Wall Street.'

  3. Vikash says:

    The Final War for Jerusalem
    The Coming Collapse and Noahide Revolution:

    You may find this article interesting for its parallels to neoconservative political doctrines.

    This is a ten year old Chabad Lubavitch (Hasidic) text explaining the need to bring the world into wars for Jerusalem against the Palestinians and even against the former Soviet Union (referred herein as the "Communist bloc", even though Communism had collapsed as of this writing). It speaks of an expected financial collapse in the United States brought about by excessive debt, but not of an intentional collapse.

    These wars are needed according to Hasidic doctrine to restore Jerusalem to its proper place in the world so that Moschiach (the Jewish Messiah) can come and enforce Halachic law. This would entail the conversion of gentiles into observing the Noahide laws via a Noachide revolution. It also talks about the seizure of public assets in the USA to forego bankruptcy and of mobilizing cells of gentile Noahide proselytes. This is a fairly lengthy article so its worth beginning with the paragraph that reads:


    "Therein lies the key to reversing the "peace" process. The war, contrary to popular opinion, lies not in the land of Israel itself, but rather in the United States and other gentile nations. G-d is giving the Jewish people a tremendous opportunity to perform mitzvos and carry out a primary goal of Torah: To elevate and bring holiness into the gentiles, preparing them for the Messianic era when "on that day Hashem will be one and His name one"—meaning that all other religions will disappear, and the entire world will learn G-d's wisdom from the ingathered Jewish exiles in Israel, with Moshiach as the world's king.

    16) An escalation of terrorism within the borders of the United States, along with debt-fueled inflationary economic crisis and urban riots; a general breakdown of law and order, followed by police state measures that will deliberately fail to restore order; rising confusion and panic amongst the population, with no one being able to identify the cause.

    Our most pressing task, to put it simply, is to launch an international Noachide revolution without delay. The process has already begun, with dozens of tiny Noachide communities having appeared throughout the United States, generally composed of former Christians who have abandoned that religion. The task of organizing the revolution can be divided into two broad stages:

    I) We must first create a new Noachide society as an international network of communities and organizations functioning inside, but separately from, the surrounding society (based on halachic requirements and directives, Noachide institutions function quite differently from their Christian and secular counterparts).

    This starts with an aggressive outreach program, by Jews and Noachides alike, to teach gentiles about their responsibilities according to Torah.

    Simultaneously, we must organize functioning programs and institutions that are prepared to absorb these vast numbers of ex-Christians and immediately involve them in efforts to bring Moshiach. The Noachide communities require schools for their children, modeled after the Jewish yeshiva programs; Torah study groups geared for their specific needs; coordinated celebrations of appropriate Torah holidays; family services for marriage, support for the elderly, and burial; courts of justice, led by rabbinically trained righteous judges, which will function similarly to Jewish batei dinim; and tzedaka programs to assist the needy, to build new Noachide schools, and to support Jewish settlements in Israel and synagogues throughout the diaspora.

    2) In the second stage, the growing Noachide movement will seize political power—using only peaceful, lawful means—in the capitals of the Western nations. This, of course, will not take place until the Noachide society has grown to some threshold size. We do not know how large this needs to be nor which nations will join the revolution first, although the United States, as a fairly religious, conservative nation, certainly tops the list of prospects.

    Upon seizing the reins of government, the new Noachide leaders will move quickly to implement a full agenda of reform… Full support will be given to Israeli forces to reinvade PLO-controlled areas, with military assistance offered where necessary. Jewish courts (the batei dini of the rabbis) will be granted full legal sovereignty over Jewish citizens within each country, who will no longer be subject to the authority of gentile courts. The pre-existing Noachide judges and courts will replace the existing court system of each country, and the legal code will be drastically rewritten to conform to halacha; …The national debt will be foreclosed, probably by paying off creditors with government land holdings, thus averting economic disaster. And law and order will be fully restored through the establishment of internal security measures, again in accordance with Torah law."

    http://www.noahide.com/finalwar.htm

  4. LeaNder says:

    xymphora

    Glenn, Xymphora, surely is borderline in our context.

    A series of really small reality check items.

    A couple of years ago I was baffled about the annual rate of returns offered for fonds in US real estate. I don't pay too much attention on economy–unfortunately–but at about the same time interval I noticed the discussion of a GB real estate bubble. (Some will remember Blair's home in this context?)

    Economic laws are basically really simple. Was it North who suggested via Phil the high amount of Harvard alumni going into finance. Now imagine all these well trained soldiers setting their minds on how to double the returns on a yearly scale. Quite obviously on the paper their ideas looked fine.

    It's feels a little like the Pyramid System. We call this a snow-ball-system, a snow ball can create a avalanche. And we use it for the little old-fashioned chain letters. "send 100$ to every name on this list and forward this letter to 10 of your friends and than wait and you will get an avalanche of money.

    There is absolutely no doubt that the main players in this high level gambling are aware: Their sheer size is their sheet-anchor.

    some are: Too big to fail! And they act accordingly. Same, same over here.

  5. Paul Easton - Bensonhurst, Brooklyn, Belly of Beastly says:

    my taste test: if it is hard to read it is not worth reading. infallible in religions matters. results here> martillo fails miserably, chabad craps out, xymphora passes.

    cood jews have done it on their own? are all goyem morons? not.

  6. LeaNder says:

    Xymphora isn't stupid, and I guess it's legitimate to ask this question. Besides s/he cites a mainstream guy, Ben Stein, in this context. And yes, there are conspiracies in the financial sectors:

    Once the German institution showed his filled money trunks too openly, by announcing its intention to take over a British one (was it even the stock exchange?) So a couple of clever guys got together and planned how these trunks could be emptied. And I think they were sucessful.

    But this feels much more like a return-doubling-scheme that has run out of control. As the ways to handle things have been copied over here. Initially I thought that only the bundled securities had been sold all over the world and thus caused troubles. But that is only the tip of the iceberg, it seems.

    Debauchette had a nice little item dealing with the "Short-selling and private equity strip-mining" community of NY not long ago. Poor boys.;)

  7. Ed says:

    I note Martillo's capitalization of the word "Neocon," which of course is correct. It is an entire ideological system, and so, like Communism, and like Nazism, (of which, in fact, it is a synthesis) it should be capitalized. One of its informal Right-wing planks is the racial supremacy of Jews, a concept that is formalized in Israel. One of its Left-wing characteristics is that its materialist-motivated acts of aggression are done for humanitarian purposes, and for the betterment of mankind.

    Not so coincidentally, one of the rationales for enabling all these junk mortgages was to get the "disadvantaged" into an ownership position…by selling them homes they couldn’t afford. (Kind of like selling overpriced vacuums door to door as a "clean slate" on life.)

    The Left-Right Neocon shyster mentality has become so endemic in America that economic collapse was probably inevitable. We have become a nation in denial of the murderous con artists running the casino, even as the keep doubling down using taxpayer money. In addition to ourselves, this charade is going on the tab of future, completely innocent generations of Americans. But the con artists don’t give a damn. To them, even unborn Americans are just dumb cattle.

  8. D. says:

    "The Left-Right Neocon shyster mentality has become so endemic in America that economic collapse was probably inevitable."

    This is how I see it too. If Joachim had left out the word "conscious" when speaking of Zionist efforts to increase their power and wealth, I don't think anyone could argue with him.

    The problem is that everyone has become so literal minded: they're always looking for midnight meetings in cemeteries. It's part of the infantilization of all our discussion of Jewish subjects. But so much of this behavior just falls out of the fundamental assumptions of Zionist Jewishness.

    Start out with a fundamental mistrust and hostility for your gentile neighbors, and all the rest just follows naturally. Adam Smith never had to deal with the presence of a hostile elite.

    A while back Bloomberg Financial News did a background report on the Wall Street wizz kids who dreamt up the new securitized mortgage market. It says they had to switch the caterering for their lunchtime meetings to a kosher deli.

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