An economic Bill of Rights

Published by Anonymous (not verified) on Sun, 18/03/2018 - 12:53am in

It’s time to revive an idea floated by Franklin D. Roosevelt, write Mark Paul, Sandy Darity and Darrick Hamilton in the American Prospect:

Many may question in this time of “resistance,” if this is the right time to fight for an expansion of economics rights, but no one wins anything of consequence by simply playing defense.

Read more here.

Channel 4 ‘Dispatches’ Documentary from 2009: Inside Britain’s Israel Lobby – Part Three

Honest Reporting claims to have 175,000 subscribers, and organises letter writing campaigns against the Beeb. The BBC Trust censured Jeremy Bowen for comments he made about the history of the conflict. His piece was withdrawn. But Bowen had published an article the week before in the Jewish Chronicle, using the same phrases that Honest Reporting found so objectionable, and which was still up at that rag’s website. CAMERA and the other parts of the Israel lobby complained, forcing the Beeb to investigate Bowen. This had a chilling effect on the other staff in the newsroom, who felt that they too were under attack. Jonathan Dimbleby thought the BBC had caved in under pressure from them. Which meant that he too came under investigation for anti-Semitism for making the above comments. The BBC Trust went to Oxford to interview Avi Shlaim about Bowen. Shlaim said that he couldn’t fault Bowen’s comments, concludes that some people in the Jewish community are too quick to criticise reporting. As for Honest Reporting, their office is not in Britain but Jerusalem. Their managing Director Simon Flosker is British, but worked for BICOM and the Israeli Army Press Office. Flosker declined to be interviewed, but issued a statement claiming that the BBC and the Guardian were biased against Israel, more so than other countries such as America.

And then there is the noxious incident, where these scum stopped the BBC raising an appeal for the victims of the Gaza invasion. The BBC has a long history of raising appeals for the victims of disasters. During Israel’s invasion 1,000 civilians in Gaza were killed. There was a move for the BBC to broadcast an appeal, but this was turned down by the Beeb’s Director-General, Mark Thompson. Ben Bradshaw, the Labour Minister for Media, was outraged. He stated that the Israel lobby was showing all the qualities of a bully. A BBC spokeswoman then explains to Oborne that the issue was too much trouble, and that it would cause people to lose confidence in the Corporation’s impartiality. She claims that the corporation took the advice of an independent committee. But Niam Alam, who was a member of the Committee, resigned over it. He said that the Committee never met to discuss the issue, and was never consulted. The appeal was eventually broadcast on Channel 4, where there were absolutely no complaints about its impartiality. Oborne’s documentary includes the appeal to show that it is, indeed, apolitical and impartial. The other members of the Committee refused to speak in public. When he tried to get them, and other charities and aid agencies, to talk about general humanitarian issues, they too declined. They included Oxfam, Christian Aid, Catholic Aid, and Cathod.

The Beeb’s decision not to broadcast the appeal is unusual, and breaks with the Corporation’s long tradition of making such broadcasts. In 1982 the Corporation broadcast an appeal for the victims of the Israeli invasion of Lebanon, during which Palestinian men were butchered in the Sabra and Shatila refugee camps by the Christian Phalange, who were Israel’s allies during the invasion. Oborne states that the BBC is in danger of losing its reputation for impartiality around the world. The Israel Lobby has good access to politicos, and their loyalty is not to Britain, but to a mixture of interests, which may include Britain, but also the interests of another country. Oborne states that in making the documentary they have found nothing like a conspiracy, but a lack of transparency and the influence of the Israel lobby continues to be felt.

Of course, Oborne was accused of anti-Semitism for this piece, which he was successfully able to defend himself against. Looking at his denial of finding a conspiracy, you can see how he is attempting to fend off one of the accusations that has been levelled at Mike. He was accused of promoting Nazi-style conspiracy theories because he called the meeting between Shai Masot and the Tory Israel Lobby about arranging, who they wanted in the cabinet a conspiracy. This is what it is. It had nothing to do with stupid theories about international bankers financing communism to destroy the White race. it was a real conspiracy, just as there have always been real conspiracies of secretive groups meeting to pursue distinct political goals. Like the various CIA and British Secret Service intelligence operations run against Communism during the Cold War, and the various other lobbying groups now infesting parliament.

The picture that emerges of the Israel lobby is that it is a collection of very wealthy, very well-funded groups determined to suppress even mild criticism of Israel through ruthless bullying and intimidation. And it seems clear to me that Mike, and the others libelled as anti-Semites by the Sunday Times, the Mail, Express, Scum and Jerusalem Post, were the subjects of an organised campaign by the Tory Friends of Israel, possibly with the collusion of the Israeli embassy.

It also raises profound questions about Mike’s suspension from the Labour party. He was given no formal charges, and the identity of his accuser was never disclosed. How convenient. So who were they? Jonathan Mendelsohn, perhaps? One of the other high-ranking Blairites, scared that Mike was giving their former beloved leader a dam’ good, and very well deserved bashing? And behind them is their another pro-Israel donor, someone like Lord Levy, who will get into a ‘fearful bate’, as Molesworth would sa, and take his money elsewhere if the Labour party didn’t dance to his tune.

These groups are vicious, nasty, bullies, who libel and smear with impunity. It’s high time they were stopped in their tracks. Too many decent people, including self-respecting Jews, have been smeared as anti-Semites by these scoundrels. But from the comments of one of the Israel lobby’s leaders, Schanzer, it appears that they may be overreaching themselves. The claims of anti-Semitism have been overused. They’re not having the same effect. Well, soon I hope these accusations in this context will have no effect at all. And the time can’t come soon enough when that will happen, and when those who make those smears will have to face justice for their lies.

Here’s the video:

There’s a full transcript of it at Open Democracy Net.

Update on Crimes of Empire Book

Last year I started work on a book about current western imperialism. How the US has interfered across the world to bring down democratically elected left-wing governments when they threatened American corporate power and put in place vicious, murderous right-wing dictatorships. All done in the name of protecting the world from the Communist threat, of course. The latest phase of this imperialism is George W. Bush’s and Tony Blair’s ‘War on Terror’, under which they invaded a country that was absolutely no threat to us – Iraq – just to loot its oilfields and state industries, all for the benefit of American multinationals, western big business and the Saudi oil industry. And the list goes on, through the continued occupation of Afghanistan, the funding of Islamist forces against Assad in Syria, and Obama’s and Killary’s staged, fake democratic revolution in Ukraine, which launched a government with real Nazis goose-stepping through the streets of Kiev, killing real leftists and chanting their very real hatred of Jews.

The book was suggested by ‘Florence’, one of the many great commenters on this blog, who was afraid of the lack of the understanding of the anti-imperial dimension to Socialist/ Labour party activism. She remembered the 1970s when many people became active in left-wing politics through campaigns against General Pinochet in Chile, for example. He was another real Fascist thug, who seized power in a CIA sponsored coup that overthrew the democratically elected Marxist president, Salvador Allende. The result was decades of Fascist terror, including horrific torture and rape, the internment and murder of radicals, and mass executions. Oh yes, and they stole left-wing activists’ children, to be brought up instead by good Fascist families. Pinochet was strongly influenced by the Chicago school of Milton Friedman and von Miles. The latter had explicitly turned away from democracy, because the masses would never accept his destruction of the welfare state, and state schooling, healthcare et. Pinochet was in power until the late 80s. And he ended up fleeing from justice to Britain, where he had a good friend in Maggie Thatcher. Pinochet is exactly the type of monster left-wingers in the ’70s and ’80s fought very had against, the memory of which might be lost unless more is done to show that monsters like Pinochet are still being installed and supported.

I’ve a few more things to do on the book before I send it off to Lulu. But I’ve worked out the chapters and their contents. Here’s the list:

Introduction and Florence’s request

General US/Western Interference

Abby Martin on the Jimmy Dore Show Talks about US Crimes of Empire: Part 1:
Abby Martin on the Jimmy Dore Show Talks about US Crimes of Empire: Part 2
Abby Martin on the Jimmy Dore Show Talks about the US Crimes of Empire: Part 3
Secular Talk on Seven Fascist Regimes supported by America
The Young Turks: CIA Overthrows Democracies, But Can’t Get Rid of Dictators
William Blum’s List of American Foreign Interventions: Part 1
William Blum’s List of American Foreign Inrterventions: Part 2
Blum’s List of Countries In which US Has Interfered with their Elections
Lee Camp: New Docs Show America Knew about Indonesia Genocide
American State Censored TV Programme on American Nerve Gas Atrocity in Laos.
William Blum on the naïve Trust of Countries invaded by US
William Blum on Right-Wing Coups in Greece
Democracy Now on Hillary Clinton and the Right-Wing Coup in Honduras
Bernie Sanders, Hillary Clinton and Henry Kissinger
Democratic Socialist on the Von Mises’ Institutes Lies About the Pinochet Coup
RT’s Lee Camp on What the US Military Is Doing in Niger
TeleSur English: CIA Planned False Flag Attacks in Miami
Telsur English: US Planned to Use Biological Warfare Against Cuba
Telesur English: Venezuela Drops Petrodollars, Threatens US Global Power
Jimmy Dore: Taliban Have Surrendered Several Times, Each Time Refused by America
Jimmy Dore Show: Obama Rejected North Korea Nuclear Peace Deal in 2015
Jimmy Dore Show: US Begins Bombing in Somalia Again, Because Oil Found
William Blum on the Abortive Prosecution of NATO Leaders for War Crimes in Yugoslavia
Jimmy Dore on the Church Committee Hearings of 1975 into CIA Corruption
Jimmy Dore: Hillary Wanted to Rig Palestinian Elections
Alan Moore on CIA Atrocities in Central America: Brought to Light
Financial Times Review of Book on Origins of American Financial Imperialism
Michael Moore’s New Film against US Miltitarism and Imperialism
Bernie Sanders’ Speech Attacking US Coups of Foreign Governments


The Pro-Israel Billionaires Pushing Trump towards Confrontation with Iran
Telesur English on the Similarities between Trump’s Action on Venezuela and the 1953 Coup in Iran
Redacted Tonight on How Trump Is Lying to Us About Iran and North Korea
American Comedian Lee Camp on the Real Reason Iran’s Been Put ‘On Notice’
William Blum on the Demonisation of Iran,
The Israel Lobby, Liam Fox and the Planned Bombing of Iran
Jimmy Dore: NBC Attacks Obama, Clinton, Silent about Reagan’s Treachery with Iran
Secular Talk: Candidate for Trump’s Secretary of State Wants War with Iran

Real Reasons for Iraq War

Comedian Bill Hicks on Gulf War I and George Bush Senior
The Case for Prosecuting Blair as War Criminal for Iraq Invasion
Spokesman Pamphlets on Blair, the ‘Dodgy Dossier’ and the Iraq Invasion
George Galloway and Peter Hitchens on Blair and the Iraq War
Vox Political: Youssef El-Gingihy on Western Imperialism in Iraq
An Iraqi Woman Describes the State of her Country before Bush and Blair’s Invasion
Counterpunch Article on the History of British Imperial Domination in Iraq.
Owen Jones on the Chilcot Report, the Iraq War and Tony Blair
Vox Political on Those, Who Believed Blair’s Lies about Iraq
1920s Iraqi Poem on the New Constitution and Order Imposed by and for Britain, Not Iraqis
Private Eye on the Western Firms Seeking to Grasp the Iraqi Oil Fields
The Young Turks on Report Showing Iraq Invasion Based on Lies
Brainwash Update on Lawlessness, Murder and Assassination by American Mercenaries Blackwater in Iraq
Young Turks’ Item on Pentagon Censoring Internal Reports Showing War Not Working in Iraq and Syria

Gaddafi and Libya

Telesur English on the Chaos Caused by the Death of Gaddafy
Colonel Gaddafy Predicted He Would Be Killed for his Opposition to Capitalism
The Death Toll from Italian Colonialism: Why Johnson’s Comments about Libyan Corpses Is Not Funny

Russia and Ukraine

HIGNFY Spreads More Lies about Russian Interference in American Election
BBC 2 Programme Next Week on British Forces in Ukraine and Estonia
Despite the Jokes, HIGNFY Is Fake News
Putin and Trump, and Bill Clinton’s Interference in Russian Elections for Yeltsin
Counterpunch Article Claiming US Spy Agencies Trying to Engineer War with Russia
Have I Got News For You and the Bias in BBC News Satire
William Blum on American Preparations for Nuclear War with Russia
More Military Tension between NATO and Russia; Pat Mills Right in ABC Warriors
Seamas Milne on the Dangers of Conservative Propaganda in the History of Communism
Counterpunch on Putin’s Non-Existent Threat to the Baltic States
Counterpunch on NATO’s Preparations for War with Russia


Syrian Uprising Directed by Saudi Prince and Other Foreign Governments
RT on House of Lord’s Opposition to £200 million Going to Syrian Opposition
Counterpunch on Saudi Arabia’s Influence on British Foreign Affairs
Jimmy Dore: Pentagon-Backed Rebels Fight CIA-Backed Rebels in Syria
Jimmy Dore Show: Putin Refutes Western Media Lies about Syrian Gas Attack
Secular Talk on Lack of Media Outrage for Syrian Rebels Massacring 126 Civilians
Jimmy Dore on Media Censorship of the War in Syria
Canadian Journalist Exposes BBC Lies over Syria
Boris Johnson Slapped Down By May for Telling Truth about Saudi Militarism
Deep State Lies about Terrorist Threat Produced Syria and Russia
Why Are the Tories Demanding Assad’s Overthrow?
More on the Real Reason behind Western Intervention in Syria
Jimmy Dore on the Real Reason for the Civil War and Western Military Attacks on Syria
Counterpunch on American Foreign Policy and Regime Change in Syria
More on US Military Funding of al-Qaeda and Islamist Militants
Syria Chemical Weapons Attacks Were ‘False Flag’ Operations Intended to Draw America into Civil War
Counterpunch on British Spies’ Recruitment of Islamist Fighters against Syria
What’s the Real Reason We’re Bombing Syria?
ISIS Is the Saudis’ Private Army for Control of the Oil Fields
Peter Hitchens Spearing BBC Anti-Russian Propaganda over Syria
Redacted Tonight: Mainstream Media Pushing War in Syria Hiding Connections to Arms Companies


BBC 2 Programme Next Week on British Forces in Ukraine and Estonia
America and the Manufactured Revolution in Ukraine
Global Research on US and EU Sponsored Fascist Regime in Ukraine
Counterpunch on the Washington Post’s Journalist Blacklist and the CIA, Eugenicist Nazis and Ukrainian Fascists
US State Department Supporting Fascism and Puppet Government in Ukraine
Private Eye on Britain’s Arms Sales to both Russia and Ukraine
Lobster on the Ukraine as Monsanto Trojan Horse
NATO and the Economic Exploitation of Eastern Europe

As you can see, it’s really a collection of articles from this blog, but I hope it will give people an idea of what’s really going on in the world in the name of democracy and freedom, and help get a few more people on to the streets, writing to their MPs or otherwise involved in combatting western corporate militarism and imperialism.

Secretary of Jewish Voices for Labour Libelled as Anti-Semite

Another day, another smear by the Israel lobby and their collaborators in the Labour party against another decent, anti-racist individual. This time the victim is Glyn Secker, the secretary of Jewish Voices for Labour. He’s been suspended from the Labour party because of allegations that he posted anti-Semitic comments on social media.

Mike posted up a piece about it, including the condemnation of Mr. Secker’s suspension by his colleagues in Jewish Voices for Labour on Wednesday. He pointed out that, whoever Secker’s accusers are, they waited a long time before accusing him because he hasn’t posted on Twitter since mid-2016. Mike believes it has more to do with alleged anti-Semitic comments Secker made at demonstrations and gatherings at which he spoke. One of these was at Grosvenor Square, London, on the 6th January of this year. Euan Philips in the Huffington Post, claimed that his speech was full of ‘anti-Semitic slurs’. But a recording of the speech, cited by Mike, shows instead just criticism of Israel.

Which is probably what this is all about. Mr. Secker is the Director and a member of the Executive Committee of the organisation, Jews for Justice for Palestinians, and captained the Jewish boat to Gaza in 2009. So this looks very much like another smear by the Israel lobby and the Blairites against someone, who is very definitely not an anti-Semite, and whose only crime is supporting the Palestinians.

His fellows in Jewish Voices for Labour point out the unfair nature of the accusation. There is no accuser, the charges are vague, but nevertheless the head of Disputes, Glyn Matthews, is taking it so seriously that Secker has been suspended. Jewish Voices for Labour rightly state that these false allegations are bringing Labour into disrepute.

They state further

This is an absurd, politically-motivated attack on our Secretary and our organisation. We call on our supporters to move motions of censure in their branches and CLPs. To use allegations of antisemitism in this way is an abuse of power, and a degrading of the seriousness of actual antisemitism and other forms of racism. While antisemitism is monstrous – and, like all forms of racism, should be vigorously dealt with – false accusations of antisemitism are monstrous too. We call for the immediate lifting of these charges.

Mike in his article also wonders if the attack is motivated by the problems now facing the Jewish Labour Movement, who have finally called in the cops to investigate their head honcho, Jonathan Newmark. No Morals Newmark has been credibly accused of embezzling money from Jewish charities when he was head of the Jewish Leadership Council, although the Council didn’t call the rozzers in because of a desire to avoid a scandal. No Morals denies the charges, of course, claiming that he left the organisation due to health reasons.

This looks like an attempt by the Israel lobby to close down a rival organisation in the Labour party, and allow the Jewish Labour Movement to monopolise its position, casting itself as the only organisation speaking for Jews in the Labour party. Which means Jews joining such an organisation automatically have to support its policy of supporting Israel, and covering up the Israeli state’s 7 decades long campaign of massacre, ethnic cleansing and apartheid against the Palestinians.

Glyn Secker and Jewish Voices for Labour clearly present a threat to their attempts to establish this monopoly, by providing an alternative political outlet and view of Jewish identity regarding the treatment of the Palestinians. The Israel lobby can’t allow that, and so we have the fake allegations of anti-Semitism and the Kafka-esque perversion of justice. Just like Mike’s case, there’s no accuser, and the charges are vague. It’s another kangaroo court.

Mike’s article is at:
Please read it.

I am heartily, heartily sick and tired of these smears and libels. To accuse decent people of anti-Semitism, and, in Mike’s case, Holocaust Denial, is to cast them as monsters of the same type as real Nazis like the banned terrorist group, National Action, and their grotesque conspiracy theories about Jews and vociferous demands for their persecution and extermination. And if it’s bad enough for gentiles to be labelled as such, I can only think how much worse it must be for those of Jewish heritage, because of the long history of their people’s persecution.

And I despise the skulking anonymity which protects the accusers’ identities. I dare say that if you challenged these organisations on it, they’d give you some glib twaddle about how it was needed to protect them, considering the work they do infiltrating and exposing anti-Semitism. This just looks like nonsense to me, as they seem not remotely interested in anti-Semitism per se, but just trying to silence criticism of Israel. And dictatorial regimes have always used anonymous spies and accusers to stifle dissent, ever since the Roman Empire.

Now’s the time to end this charade, beginning with the anonymity. If the people making these accusations aren’t prepared to do so openly, revealing their identity, then the accusation should be automatically thrown out as vexatious and mischievous. Also, definite charges should be made. Vague accusations of ‘anti-Semitism’ should not be allowed to pass unquestioned. If they cannot produce substantial charges, then the accusation should be thrown out as an another smear.

I also believe this attack on Mr Secker was connected to another accusation of anti-Semitism, this time by the misnamed Campaign Against Anti-Semitism. They claimed that Labour MPs were posting on a pro-Palestinian website that was making anti-Semitic accusations about the Jews, and in particular about the Rothschild’s banking family. I think there was also some accusation that the site also denied the Holocaust. It looks like the Israel lobby was going in for a coordinated attack on pro-Palestinian groups, and that the smears against Mr. Secker were part of this.

I’ve had enough of the Campaign Against Anti-Semitism. They’ve done nothing but smear decent people for the benefit of the Israeli state and its friends in the British media. They’re a corrupt, sham organisation, who should have their charitable status rescinded.

It’s time to close down this witch-hunt. Anyone making further smears should be booted out of the party as a mischief-maker seeking to undermine party democracy, and a libeller.

22 Million Reasons Black America Doesn’t Trust Banks

Published by Anonymous (not verified) on Wed, 07/03/2018 - 3:00am in

“This bank is just what the freedmen need,” remarked President Abraham Lincoln on March 3, 1865, as he signed the Freedman’s Bank Act, authorizing the organization of a national bank for recently emancipated black Americans. A little more than a month later he was killed, making the Freedman’s Bank Lincoln’s last act of emancipation. His assassination, however, did not impede its rapid growth. By January 1874, less than ten years after the establishment of the Freedman’s Bank, deposits at its 34 branches across the United States totaled US$3,299,201 ($65,200,000 in current dollars). Despite such successful expansion, the Freedman’s Bank closed on June 28, 1874 under a shroud of suspicion and accusation. The story of the rise and collapse of the Freedman’s Bank is an important and little known episode in black and American history in the years following Emancipation.

Did the Dodd-Frank Act End ‘Too Big to Fail’?

Published by Anonymous (not verified) on Mon, 05/03/2018 - 11:00pm in


banks, Regulation

Gara Afonso, Michael Blank, and João Santos

LSE_Did the Dodd-Frank Act End ‘Too Big to Fail’?

One goal of the Dodd-Frank Act of 2010 was to end “too big to fail.” Toward that goal, the Act required systemically important financial institutions to submit detailed plans for an orderly resolution (“living wills”) and authorized the FDIC to create an alternative resolution procedure. In response, the FDIC has developed a “single point of entry” (SPOE) strategy, under which healthy parent companies bear the losses of their failing subsidiaries. Since SPOE makes the parent company responsible for subsidiaries’ losses, we would expect that parents have become riskier, relative to their subsidiaries, since the announcement of the SPOE strategy in December 2013. Do bond raters and investors share this view?

SPOE through the Lenses of Rating Agencies

Below we plot the gap in ratings (parent minus subsidiary) by Fitch, Moody’s, and Standard & Poor’s (S&P) for the four largest bank holding companies (BHC) by assets.

Did the Dodd-Frank Act End ‘Too Big to Fail’?

The rating gap has widened for all four banks at all three rating agencies, suggesting raters perceive that SPOE has increased the risk of the parent relative to that of its subsidiary bank. This widening gap coincides with announcements by Moody’s, Fitch, and S&P that SPOE has reduced the expectation of government support for these four BHCs in the event of failure.

Do Financial Markets Share Rating Agencies’ Views?

To answer that question, we first look at how spreads have evolved for a matched pair of bonds—one issued by the parent and one by its bank subsidiary. If bond investors agree that SPOE has made the parent riskier, we should see the parent’s option-adjusted spread (OAS) widen relative to that of the subsidiary bank. Contrary to our hypothesis, and the views of rating agencies, the chart below shows that the spread gap has not widened consistently for three of the four holding companies; for the fourth, Bank of America, it has actually narrowed. Nor did the difference in spreads widen noticeably after each of the agencies started to increase the rating gap between parent companies and their bank subsidiaries (points in time marked by vertical lines).

Did the Dodd-Frank Act End ‘Too Big to Fail’?

This finding might reflect certain frictions in the bond market—illiquidity or market segmentation, for example. However, we also observe a similar result in the credit default swap (CDS) market, as reflected in the chart below. The difference in CDS spreads (parent minus subsidiary) has not increased persistently since the SPOE was announced. A temporary increase in this difference emerged in July 2016, but that gap has since closed. Overall, we do not see the kind of persistent increase in the difference in spreads that would support the rating agencies’ view that parent companies have become riskier relative to their subsidiaries.

Did the Dodd-Frank Act End ‘Too Big to Fail’?

Did the Dodd-Frank Act end “too big to fail”? In a pair of blog posts published in 2015, we argued that, at the time, bond and CDS markets and rating agencies did not agree on the answer to that question. The updated evidence in this post suggests that there remains a difference of opinion on the effectiveness of the SPOE. It’s possible that investors are still skeptical about the new resolution tool since it has not yet been tested. It’s also possible that bond markets’ perceptions of risk differences between parent and subsidiary banks are concealed by the generally strong financial condition of the four institutions that we consider. Nonetheless, the absence of a market response is notable.


The views expressed in this post are those of the authors and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors.

Gara Afonso

Gara Afonso is a research officer in the Federal Reserve Bank of New York’s Research and Statistics Group.

<br />
Michael Blank

Michael Blank is a senior research analyst in the Bank’s Research and Statistics Group.

João Santos

João Santos is a senior vice president in the Bank’s Research and Statistics Group

How to cite this blog post:

Gara Afonso, Michael Blank, and João Santos, “Did the Dodd-Frank Act End ‘Too Big to Fail’?,” Federal Reserve Bank of New York Liberty Street Economics (blog), March 5, 2018, .

The CAA and JLM: Israel’s Counterparts to the Nazis’ Auslandsorganisation

Here’s another parallel between Nazi Germany and Israel, and it’s about the very nature and character of the Israel lobby itself, and how it interferes in British and American politics. Both Nazi Germany and Fascist Italy sought to promote Fascism and their national interests abroad through expatriate organisations. In Germany, the official department responsible for this was the AO, or Auslandsorganisation, or ‘Overseas Organisation’. The article on this in James Taylor’s and Warren Shaw’s A Dictionary of the Third Reich (London: Grafton 1987) runs

A Nazi Party department responsible for German communities overseas. In many countries substantial numbers of citizens of German descent joined organisations like the German-American Bund or the Argentine Nazi Party. In the structure of the AO, countries with substantial German communities were considered as separate Gaue (political divisions). Substantial funds were devoted to these overseas organisations which often proved an effective cover for German political interference. In the 1940 US presidential election, the AO was deeply involved in the transfer of funds to Roosevelt’s (sometimes unwitting) opponents. (Pp. 38-9).

I am very much aware how much anti-Semitism is based on the notion that Jews care more about their own communities than the gentile people amongst whom they live, and that this suspicion became more acute with the rise of Zionism. The Soviet Union became increasingly anti-Semitic after the foundation of Israel, because they feared that it would create divided loyalties amongst their Jewish citizens.

Despite this, the Israel lobby in this country is acting precisely as a Nazi AO, mirroring official Israeli policy. Benjamin Netanyahu declared that all Jews, everywhere, were citizens of Israel. This has been mocked and rejected by very many liberal Jews. You can find an image on the net of a Jewish American fellow with a Palestinian friend. The Jew comes from Anchorage in Alaska, and he makes the point that it’s ridiculous that he can go and live in a place he’s never even seen, but the Palestinian, who was born in that land, can’t. And there are many more like him, including an increasing number of young Jewish Americans repelled by Israel’s barbarous treatment of the Palestinians.

And Netanyahu himself is very choosy about which Jews he decides to let in. Left-wing or liberal Jews, and those, who have made the mildest criticism of Israel’s ethnic cleansing of its indigenous Arabs, don’t get in, but are turned away at the airport or deported. Clearly the Likudniks have taken the advice of the violently anti-Semitic Karl Von Luegerer, the 19th century mayor of Vienna, who nevertheless had many Jewish friends: ‘I decide who’s a Jew and who isn’t’. Quite. And Netanyahu has decided that Jews, who stand for decency and universal human rights aren’t the right kind of Jews for his country, for all his claims to represent the Jewish community worldwide.

And the Israel lobby in Britain – the Campaign Against Anti-Semitism, the Jewish Labour Movement and others – do interfere in Britain’s politics, as does AIPAC in America. There was the Al-Jazeera report a few years ago which showed members of the British Israel lobby conspiring with Shai Masot of the Israeli embassy to choose which Tory MPs they wanted in the British cabinet. This was a true conspiracy, but Mike was accused of anti-Semitism for describing it as such, on the spurious grounds that because he used the term, he must believe in the stupid and murderous conspiracy theories about the Jews. Like they control the world’s banks, and are out to destroy the White race. Mike doesn’t, and smearing him or anyone else because they call this real conspiracy with the Israeli embassy what it was, won’t alter the facts.

And there’s precious little evidence that the Campaign Against Anti-Semitism or the JLM are genuinely concerned to protect ordinary Jews from anti-Semitism. The people they have smeared as anti-Semitic include self-respecting, decent Jews, who frequently have suffered abuse and assault because of their religion/ethnicity. But because they’ve spoken out about Israel’s increasingly racist character, they’ve been libelled and smeared.

And in America it’s been pointed out that AIPAC and the funds it gives to the parties it wants to represent Israel’s interests, do come under the wartime legislation passed by Roosevelt to prevent the manipulation of American politics by foreign powers, like the Nazis. But no-one wants to recognise this, or do anything about it.

There’s a simple tactic going on here. Israel’s policy towards the Palestinians is a Fascist project of colonisation and ethnic cleansing, with some concessions of liberal ideas of democracy and representation. The organisations set up to defend and promote Israeli interests in Britain and America also resemble Nazi organisations. But because these parallels are also close to the traditional accusations and smears of anti-Semites, it allows the Israel lobby to smear their opponents. Even as the Israel lobby acts precisely in the kind of way anti-Semites have traditionally smeared the Jewish community.

It’s time to stop this. The CAA and JLM don’t represent Jews or really battle anti-Semitism. They are just concerned to promote Israel, and vilify and libel its critics. The CAA should have charitable status removed as the political organisation it is, and the political interference by the JLM and other branches of the Israel lobby here and elsewhere should be brought to light and very critically examined.

Citigroup Will Refund $330 Million To Credit Card Customers It Overcharged

Published by Anonymous (not verified) on Sun, 04/03/2018 - 1:00am in


banks, citigroup

Oops. $330 MILLION is a rather large mistake. Citi hiked credit card holders’ interest rates immediately after two late payments, then never corrected them as required after the customers paid on time for the next six months. Half of the credit card customers got no reduction to interest rates at all. Half got only a small reduction. Citigroup said it would refund about $330 million to consumers after discovering it had overcharged 1.75 million credit card accounts on their annual interest rates. The mistake was discovered after a “periodic internal review,” not via an external regulator, and the mistakes had been going on since 2011. That’s seven years of overcharging 1.75 million customers on their interest rates, which seems a very long time to take to discover a mistake of this magnitude, especially when you consider customers are punished immediately after just two months of being late on a payment date.

Open Britain Video Showing May’s Decision for Hard Border in Northern Ireland

I get regular emails from Open Britain, an all-party organisation supporting the EU and opposing the Hard Brexit so beloved of Boris, Mogg, Gove and the rest of the right-wing grotesques. Earlier today I got this email from them, issued by Chuka Umunna, promoting their video, which clearly shows Tweezer stating that she’s backing a hard border in the Northern Ireland.

The email ran:

It was the last chance for the Prime Minister to finally face down the Brextremists in her party and do what is in the best interests of the country. But, yet again, she failed to do so. Her speech offered no new solutions, just more empty soundbites.

As the Brexit process continues, facts are coming to light which no-one could have known at the time of the referendum. Nobody voted for a £40bn Brexit divorce bill, or for fewer nurses and less money for our NHS.

And on the key issue of Northern Ireland, Theresa May today had almost nothing new to say. Perhaps that’s because she knows her ‘red lines’ have made avoiding a hard border impossible. Yesterday we revealed a video showing that, in the days leading up to the referendum, Theresa May told the truth – that hard Brexit means having a hard border.

this video has already been viewed by over 191,000 people in just the past 24 hours. But we need everyone to see it, so they know the truth about the damage that Theresa May’s Brexit plans will really do. So please share the video and spread the word.

Please SHARE this video with friends and family on Facebook and Twitter so everybody knows what Theresa May really thinks on how her hard Brexit plans will hit Northern Ireland.

The video’s on Facebook at:

Mike’s already blogged about how May supports a hard border in Ulster. And more than enough people have pointed out that a vital condition of the Good Friday Agreement was that there should be an open border between the Six Counties and Eire. If May and her gang close that border, then it threatens to return us to the very dark days of the Troubles.

But I doubt Tweezer is bothered by that.

Thatcher used the Troubles and the threat of Nationalist violence for all the publicity she could get. She portrayed herself as standing proud, like some Boudicaa or Winston Churchill facing down the Romans and Nazis, never willing to budge one inch against the IRA.

It was all lies.

At the same time she was posing as Britain’s defender against Fenianism, she and her government were deep in negotiations with those very same Irish Nationalists. At the very time she was vilifying the Labour party as traitors, because they were publicly advocating the same policy. Which shows how mendacious and utterly two-faced she was.

It wouldn’t surprise me if Tweezer and the Hard Brexit Tories didn’t think that they could do the same. Fix a hard border in Ulster, and then, when the province descends into chaos and the terrorists begin bombing, they can once again win over a frightened British public by posing as our ardent defenders. Even when it is her party’s policy that has created the murder and bloodshed in the first place.

And do you know what shattered Thatcher’s intransigence, and brought her round to the negotiating table with the IRA and Sinn Fein?

It wasn’t the hundreds of innocents butchered by the men of violence – Nationalist and Loyalist – in Ulster, including our courageous troops. It was because the IRA bombed Canary Wharf. That showed that they could bring down the very heart of British finance capitalism.

Ordinary lives don’t matter to the Tories. But the banks must always be protected and promoted.

Tweezer and the Tories are destroying Britain, and threatening more death and destruction in Ulster for their own electoral gain and stupid, free market ideologies. Get them out. Support Corbyn’s Labour and closer ties with the EU.
Before Tweezer and her cronies try to portray her as the second coming of Maggie Thatcher, and start exploiting the violence they have helped cause.

Big Banks Got Huge Tax Cuts, Then Hiked States’ And Cities’ Interest Rates

Published by Anonymous (not verified) on Fri, 02/03/2018 - 11:00pm in


banks, big banks, Taxes

The monster banks get monster tax cuts … then turn around and hike interest rates for states and cities. The hikes could translate into millions of dollars of extra costs for cash-strapped municipalities. Creating Public Banks would cut these middlemen — along with the enormous soaring drain of interest payments and fees — out of public budgets. Bloomberg: “It takes away from money that would help the state’s reserve, or it takes away from money the state may appropriate for other statewide public purposes,” said David Erdman, the capital finance director for Wisconsin, whose payments on a $279 million loan will jump by about $750,000 next year.