According to Robert Fisk at The Independent, Arab states are quietly ditching the US dollar in their energy trade. The gradual reduction of dollar reserves could have a devastating effect on the value of the dollar and ability of the US Treasury to finance the national debt.
While the price of gold is rocketing skyward the Israel lobby is no doubt quietly celebrating. Over the past decade, a multi-tiered strategy aimed at getting Americans to see the Middle East as a battlefield rather than a marketplace has slowly unfurled—with devastating results.
Last week District Attorney Robert Morgenthau announced pursuit of a bank allegedly involved in Iranian assets transfer. The ninety year old Manhattan District Attorney already prosecuted Lloyds TSB over the transfer of $300 million in Iranian cash. Morgenthau’s tight coordination with a secretive new US Treasury unit led by Stuart Levey follows a pattern of highly selective Israel lobby tag team law enforcement that began back in the 1940s.
Zionism is a long running current of New York’s Morgenthau family. Robert’s father Henry Morgenthau Jr. was Secretary of Treasury during the administration of Franklin D. Roosevelt. His grandfather Henry Morgenthau Sr. was US Ambassador to the Ottoman Empire during World War I. Henry Jr. thought nothing of supporting Irgun terrorists with US government resources as he fought an intense and vicious bureaucratic battle to wrest policy over Displaced Persons from the US State Department during WWII. When President Roosevelt dragged his feet over policy takeover demands, Henry Morgenthau Jr. threatened to turn the State Department into an election year scandal. Anti-Semitism at State, he threatened, was a charge that “will require little more in the way of proof for this suspicion to explode into a nasty scandal.”
The lobby’s accolades for the late Ted Kennedy and his support of Israel mask the generally unknown conflicts fought by the senator’s older brothers. It is likely that lessons from the fiercest of all battles, fought behind the scenes by President John F. Kennedy alongside his brother and Attorney General Robert—guided the younger sibling’s political choices. Details of the JFK-RFK duo’s effort to register the American Israel Public Affairs Committee’s (AIPAC) parent organization, the American Zionist Council (AZC) as an Israeli foreign agent were shrouded in mystery until declassified in mid-2008.
Between 1962 and 1963 Senator J.W. Fulbright uncovered a massive network of financial “conduits” moving funds directed by the Jewish Agency in Jerusalem to Israel lobby startup groups across the United States. Even as JFK attempted to place Israel’s Dimona nuclear weapons program under US inspection, RFK ordered the AZC to openly register and disclose all of its foreign funded lobbying activity in the United States.