Thursday, October 13, 2011

"Occupy Wall Street" Anti-Semitic?

Goldman Sachs is often used as the poster child for some of the most egregious practices on Wall Street that are believed to have set off the current economic crisis now sweeping much of America and Europe. This sentiment was summarized in an article Matt Taibi wrote for Rolling Stone Magazine as follows: "The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."

Taibi's criticism of Goldman Sachs immediately drew charges of antisemitism from some American Jewish leaders. And as the "Occupy Wall Street" movement gathers momentum, similar charges are now flying against the protesters who are joining this movement. Some of the Jewish media outlets, like Yeshiva World News, are using video footage of individual protesters to editorialize the claim that “many Jews” are feeling a bit uncomfortable with the growing protests.

“The reasons for these ‘uncomfortable feelings’ don’t need to be elaborated on this page,” the editorial reads. “Suffice to say that Jews have been blamed for the world’s troubles for thousands of years, and many are nervous that this finger-pointing will soon start — or , maybe it already has.”

I, for one, do not believe that the protests are motivated by antisemitism, and such charges are a great disservice to ordinary middle class Americans who have been forced to take to the streets.

From what I can tell, "Occupy Wall Street" appears to be a genuine grass roots movement that stems from a sense of deep dissatisfaction with the way the majority of American politicians of both parties have aided and abetted in the misdeeds committed by the big Wall Street firms. Some of these misdeeds have been laid bare by a number of authors, including Michael Lewis most recently in his two books on the subject. The actions of Goldman Sachs and other big Wall Street firms have led to massive job losses, growing homelessness, and deep concerns among middle class Americans about their own future and the future of this country. A similar situation is now gripping Europe as well.

I think President Obama should seize this opportunity to tap into this anger and use it to push new legislation to bail out the middle class and put an end to the excesses committed by the big business including the Wall Street banks and their highly-paid executives.

Related Links:

Are Jews Culprits of Collapse on Wall Street?

Financial Crisis Brings Out Anti-Semites

Wall Street's WMDs

Jewish Power Growing in US Congress

Schumer's Phony Outrage

Buffet Warns of Financial weapons of Mass Destruction

Who Rules America?

Will American Capitalism Survive?

China's Nuclear Option

Senator Schumer: The Champion of Wall Street on the Hill

Pay to Play is the Name of the Game in Washington

Are Jews Culprits of Collapse on Wall Street?

Keynes on Jews

Democrats and Republicans Share Blame for Financial Collapse

Jewish Network in US Congress

Jewish Power Dominates at Vanity Fair

Jewish Power Grows in US Congress

Did Schumer and Emanuel Sink Freeman?


Anonymous said...

Dear Riaz,

it is wrong to say that all rich people in USA are Jews. And many among the protesters are also Jews. Jews have suffered enough for the last 1700 years. We should let them live a decent life. Every conspiracy theory has a Jewish angle these days.

Mayraj said...

You could also mention how Bill Black who helped clean up the S&L crisis has lambasted the failure to do anything in this crisis.
He has done a slew of articles and done interviews. Just google his name and see.
Here a recent one I saw:
Lenders Put the Lies in Liar’s Loans and Bear the Principal Moral Culpability

Mayraj said...
CHARTS: Here’s What The Wall Street Protesters Are So Angry About…

Imran said...

Who never heard of Religion to the rescue 8-) They’ll do anything to distract the attention, lets wait and see if it sticks, if it does ? it’ll be a pretty low blow..

Anonymous said...

Well, the Jews have higher IQs (mean roughly 115). Specifically the Ashkenazi Jews.
This is very well documented.
A visit to reveals that they have 37% of US Physics Nobels, 29% of US Chemistry Nobels, 53% of US Economics Nobels, 40% of US Physiology/Medicine Nobels, etc.

They are that smart, so they are well-represented in all the elite professions too.

Nothing much to see here, really.

Riaz Haq said...

Here's a piece in The Atlantic on Davos WEF forum on the West emulating Chinese model of capitalism:

A Modest Proposal to Solve Global Economic Woes: The China Model

Scrambling to boost the economy before the 2012 presidential elections, Obama has failed to explore one potential response to a recession that Davos experts are saying may last for years--a China-style economic dictatorship with free market tendencies.

China has come out of the global economic recession with a slowed growth rate, but remains relatively unscathed. Why? Beijing's one party has no heavy-handed congress through which it must pass legislation to recover the Chinese economy.

When rampant informal lending left China's export hub city of Wenzhou in its own mini-debt crisis late last year, China quickly capped interest rates for informal loans and set up an emergency fund to help indebted small business people settle the score with loan sharks, according to this article from China Daily.

This article from the Associated Press quotes WEF participants saying that "leaders must work fast to overcome the current crisis or else different models of capitalism, such as the form practiced in China, may win the day."

Latin America Unscathed By Eurozone Crisis

Latin American economies continue to expand, even as Europe struggles with a sovereign debt crisis, according to this article from the AP. The Latin American participants at the WEF say that their continent's economy -- traditionally rocked by the ebb and flow of the E.U. -- is well poised to move past the global recession.

"This is really the decade for Latin America," Guillermo Ortiz, former governor of the Bank of Mexico told the AP, "We don't have to worry about inflation shooting up to 100 percent next year."

Merkel Asks for Time

German Chancellor Angela Merkel asked investors at the WEF to give European policymakers the time and space necessary to tackle the Union's sovereign debt crisis.

"Please take the long-drawn-out process with a degree of acceptance," Merkel was quoted as saying in this Bloomberg article.

Merkel also backed down from a demand that bondholders contribute to bailouts, Bloomberg reported.

Soros Knows it All--But He Won't Tell

81-year-old billionaire financier George Soros - what some may call the Davos Man incarnate - gave Barron's his impression of the Eurozone at Davos yesterday.

"With individual countries under strict fiscal constraints," Soros said, "the stimulus will have to come from the European Union and it will have to be guaranteed jointly and severally."

While Soros refused to give specific investment advice, he did say that stimulus plan "will require Eurobonds in one guise or another."....

Riaz Haq said...

''The Hollywood Jews created a powerful cluster of images and ideas - so powerful that, in a sense, they colonized the American imagination.'' Neil Gabler "An Empire of Their Own"
The 2014 Hollywood Diversity Report released this week by the Ralph J. Bunche Center for African American Studies at UCLA suggests that the media and entertainment industry is dominated by white men.

The UCLA report finds that only 16.7 percent of film leads, 17.8 percent of film directors, and 11.8 percent of movie writers between 2011 and 2013 were people of color. What the report fails to mention is the obvious fact that most white men dominating Hollywood are Jews.