Setting the record straight

This is for a member who made specific comments and others who stayed silent about it.
Because it is ignorance that breeds hatred. It is ignorance that promotes bigotry and if ignored might result in violence.


Jewish "Control" of the Federal Reserve:
A Classic Anti-Semitic Myth
Introduction

For centuries, anti-Semitic propaganda has demonized the Jew as a conspiratorial, manipulative outsider, often with powers and designs of world domination. From the Middle Ages through the Holocaust, fabricated accusations against Jews as poisoners and corrupters have led to horrendous suffering for the Jewish people.

In more recent years, the anti-Semitic notion that "the Jews" dominate and command the U.S. Federal Reserve System and in effect control the worlds money has surfaced across the extremist spectrum. Contemporary economic anxieties and distrust of government have given new life to this timeworn myth.

The world of finance is an area of complexity, if not mystery, to most Americans, and confusions can easily be manipulated and suspicions aroused. The bigots rationale is often conveyed in inflated images of intricate, stealthy "conspiracies." For example, under the headline "The jews [sic] have a Plan," the Idaho-based Nazi-like group Aryan Nations has reported finding significance in the fact that the Federal Reserve System and the Anti-Defamation League were founded in the same year 1913. Another "specialist" in anti-Semitic conspiracy fantasies, Minister Louis Farrakhan of the Nation of Islam, recently expounded and embellished the same "historical" point.



"Money Power"

In 1962, Omni Publications, a distributor of The Protocols of the Elders of Zion, reprinted an early attack on the Federal Reserve called The Truth About the Slump (1931), in which author A.N. Field asserted:

"The Money Power that rules the world today is centered in the hands of individuals of a particular race and creed." Field labeled the founding of Americas Federal Reserve as that point when "the United States was enslaved under this German-Jew engine of control."

In the 1950s, anti-Semite Wickliffe Vennard published The Federal Reserve Corporation,alleging Jewish domination of the "Fed" while declaring along the way that Hitler, like Jesus, had come into power "to chase the money changers from the Temple." But the most widely cited expositor of conspiracy theories regarding Jews and the Federal Reserve is probably Eustace Mullins a longtime anti-Semitic propagandist and a Holocaust denier who still actively peddles this propaganda. Mullins, whose book, The Federal Reserve Conspiracy, is widely promoted in the extremist netherworid, argues:

"The American people have assumed the burden of hundreds of billions of dollars of debt simply because we let a handful of enemy aliens take over our monetary system. The three most important architects of our present monetary system are ...Paul Warburg, the German Jew who wrote the Federal Reserve Act, Emmanuel Goldenweiser, the Russian Jew who supervised the details of Federal Reserve Board operations through its first thirty years, and Harry Dexter White, son of Lithuanian Jews, who set up the International Monetary Fund."



The "Rothschild" Connection

"Most of the owners of the largest banks in America," wrote the late Sheldon Emry, an early leader of the racist and anti-Semitic Identity" church movement, "are of Eastern European ancestry and connected with the Rothschild banks."

In the literature of bigots, the name Rothschild is a trigger for the most explosive of anti-Semitic tremors, and it usually sets off a litany of other Jewish names. In his recent book Called to Serve, Col. James "Bo" Gritz, the 1992 Presidential candidate of the extremist Populist Party, charged that "eight Jewish families control the FED" (Federal Reserve System).

In 1983, the charge that Rothschild banks and other international banking concerns, mostly with Jewish names, controlled the Federal Reserve was published (probably from earlier sources) in the newsletter of a local Pennsylvania chapter of the National Association of Retired Federal Employees (NARFE) not an extremist group. The article stated that the Federal Reserve System "is not a Federal entity but a private corporation owned in part by the following: Rothschild banks of London and Berlin, Lazard Brothers bank of Paris, Israel Moses Seif banks of Italy, Warburg bank of Hamburg and Amsterdam, Lehman Bros. bank of New York, Chase Manhattan bank of New York, Kuhn, Loeb bank of New York, Goldman Sachs bank of New York."

In fact the Federal Reserve Bank of New York the largest and most significant of the Feds 12 banks lists the banks in the Second Federal Reserve District that are members and stockholders in the New York Federal Reserve Bank. With the exception of the Chase Manhattan Bank, the institutions cited by the NARFE newsletter as allegedly owning and controlling the Federal Reserve system ("Rothschild ...Lazard Brothers ...Israel Moses Seif ...Warburg ...Lehman Brothers ...Kuhn, Loeb ...Goldman, Sachs") were not members of the Federal Reserve Bank of New York.


About the Federal Reserve System

The Federal Reserve System is the central banking authority of the United States. It is a fiscal agency for the U.S. Government and custodian of the reserve accounts of commercial banks; it makes loans to the commercial banks; and is authorized to issue Federal Reserve notes that is, the hand-to-hand currency with which we run our daily economic lives.

Those commercial banks which are members of the "Fed" are required by law to purchase stock in their district Federal Reserve banks in order to supply them with a capital resource. These banks do not have .any "control" over the Federal Reserve. Control is exercised only by a Board of Governors, each member of which is a public servant appointed to his or her position by the President of the United States and confirmed by the U.S. Senate.

The Federal Reserve System: Purposes and Functions; a book published by the Feds Board of Governors, states:

Each of the twelve Federal Reserve banks is a corporation organized and operated for public service. The Federal Reserve Banks differ essentially from privately managed banks in that profits are not the object of their operations, and their stockholders, which are the member banks of the Federal Reserve System, do not have the powers and privileges that customarily belong to stockholders of privately managed corporations.



The Nation of Islam: Echoing White Anti-Semites

"The Federal Reserve is owned by... the Jews. You go back to the Rothschilds, and you go back to a lot ofthe early Jews that are in that financial system."

This spurious allegation was among the many voiced by Khalid Muhammad of the Nation of Islam (NOI), in his infamous harangue at Kean College in New Jersey late in 1993. NOI leader Louis Farrakhan, in a March 19, 1995, speech, was more specific:

"The Rothschilds financed both sides of all the European wars. They always wanted to get their hands on the Central Bank of America. And they finally did. On Dec. 22, 1913, Congress passed into law the Federal Reserve Act.... [T]he international bankers took control of the money by taking control of the Central Bank of America, the Federal Reserve...."
Farrakhans words echo the conspiracy tracts advertised in extreme right publications such as The Spotlight of the anti-Semitic Liberty Lobby and those of the anti-Semitic and white -supremacist "Identity church" movement. Indeed, all of these varied hatemongers could have sat comfortably alongside one another in the audience at Howard University on February 23, 1994, when Malik Shabazz (a warm-up speaker for Khalid Muhammed) shouted sharp questions while more than a thousand persons responded in a manner reminiscent of the Nuremberg rallies:

"Who is it that controls the Federal Reserve?"
"Jews!"
"Who?"
"Jews!"



Conclusion

The charge that "Jews control the Federal Reserve" is a classic example of the hatemongers paranoid-style exploitation of legitimate concerns in this case, the nations economy. Moreover, the wide appeal of this anti-Semitic conspiracy theory among all kinds of extremists strikingly demonstrates how the agendas of otherwise opposing hate groups meet on common ground: the scapegoating of Jews.

Comments

I haven't seen the offensive post but I want to acknowledge that any post asserting Jewish control of the Federal Reserve is counter to the environment we hope to have on the Forums in several ways; it's racist - no one racial or religious group is in control anything in the worldwide financial network, it's a wild conspiracy theory, it's not logical and its spectacularly off topic.

(I read a set of books on the Rothschilds - who exerted a large amount of influence on the financial system in the 1800's - even then - when the financial system was so much simpler - neither they nor anyone controlled it. The financial system has always, not surprisingly, been a very competitive area - and is certainly not amenable to 'control' by any group!),

Those kinds of statements simply don't have a place in a Forum on ME/CFS (and in my opinion anywhere)
 
I never saw the post either but I'm with Cort although I believe the person who posted really had no idea of what they were writing in definition of terms. So sorry this has occured and you have been affect but I really hope you don't quit the site.
 
Hello Nielk,

Another vote of support. I did not see the post either, however I totally agree that anything remotely related to the idea has no place on this board at all and agree that it must be called out if/when it happens.
 
I saw at least one of the offensive posts. I reported it to the moderators.

When considering how to respond to offensive statements I have found that arguing directly with the poster rarely changes the person's mind and can escalate the situation.

Besides, I simply do not have the energy or brain power for angry online confrontations. :In bed:

I prefer to report it to the moderators and let them handle it. After all, they can delete the post, reprimand or ban the poster, and so on. I have none of those powers.

Please don't believe that public silence means that everyone read the post and agreed with it. Many readers did not even see it. Others reported it directly to the moderators so that they could handle it.

:hug: sending many loving and healing hugs your way! :hug:
 
Cort;bt4403 said:
I haven't seen the offensive post but I want to acknowledge that any post asserting Jewish control of the Federal Reserve is counter to the environment we hope to have on the Forums in several ways; it's racist - no one racial or religious group is in control anything in the worldwide financial network, it's a wild conspiracy theory, it's not logical and its spectacularly off topic.
I really like that phrase 'spectacularly off topic.' A good way to describe the difference between just a little OT and something that really does not belong here at all, not even remotely connected to the goals of the forum. Maybe we can work that into the forum rules?
 
This sort of rubbish (the post) has no place here, and the moderators did their job well; so well that I didn't see the post at all, as probably is the case with nearly everyone else,too.

Personally, I don't think quitting this site is the right thing in this case...but people do what they need to do.
 
'spectacularly off topic.'
I agree with Kurt.

This discussion - in my mind - should be conducted between the individuals involved (privately), and also a moderator.
 
My sympathies to Jewish people over this hate filled ranting.
Racism can be as simple as labeling all of one type of people as "the same". Clearly, any group has individuals who have different qualities or opinions, and therefore it is wrong to assume they all have the same qualities or opinions.

However, I join the other commenters here who object to the criticism of "others who stayed silent". It does not mean we hate anyone or any group. Ignoring hatefull rants should be acceptable, we cannot fight every battle for basic human decency, or reply to every disgusting post.
 
We're stronger together than we are separately. I read your post to Tia. It's a good thing to put this behind us and move on to things that will help us all.

I'm so tired tonite I about can't think straight so I don't know how best to put it - but reaching out to Tia is a class act. Well done.
 
this blog post seems to me as spectacularly inappropriate as the original offending post supposedly was.
I say supposedly because I haven't read it ..so don't know.
If you've got a beef, take it to the moderators.
This is just escalating things...
 

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