SELLING OUT AMERICA TO WALL STREET

Before reading the article by Stephen Lendmen, please read the quote below from "The Prince of the Jews in Constantinople" to Chemor, the Chief Rabbi of Spain, regarding the Spanish Jews' being exiled from Spain for one unsavory reason or another.

This passage will explain the all out genocidal mindset America along with almost every other country on earth deals with today, but for this article, focus primarily the fiscal problems. In dark green I have added many quotes as well as my own $.02 worth of Snippits and Snappits.

In 1492, Chemor, the Chief Rabbi of Spain received the following advice from the Grand Sanhedrin (Elders of Zion) in Constantinople:

l. As for what you say that the king of Spain obliges you to become Christians: do it, since you cannot do otherwise.

2. As for what you say about the command to despoil you of your property: make your sons merchants that they may despoil, little by little, the Christians of theirs.

3. As for what you say about making attempts on your lives: make your sons doctors and apothecaries that they may take away Christians' lives.

4. As for what you say of their destroying your synagogues: make your sons canons and clerics in order that they may destroy their churches.

5. As for the other vexations you complain of: arrange that your sons become advocates and lawyers, and see that they always mix in affairs of State, that by putting Christians under your yoke you may dominate the world and be avenged on them.

6. Do not swerve from this order that we give you, because you will find by experience that, humiliated as you are, you will reach the actuality of power."

Signed: Prince of the Jews of Constantinople." This quote from: Julio-Inigrez de Medrano ~ "La Silva Curiosa" 1608

In 1806, in the MSS of Napoleon, Napoleon remarked: "By what miracle did whole provinces of France become heavily mortgaged to the Jews, when there are only sixty thousand of them in this country?"

The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. " ~ Thomas Jefferson

By Stephen Lendman

February 19, 2010

Lenin said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

By this method they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some.

As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery

Project Censored's top 2010 story was "US Congress Sells Out to Wall Street," highlighting that since 2001, "eight of the most troubled firms have donated $64.2 million to congressional candidates, presidential candidates and the Republican and Democratic parties." It's no surprise that they own them, what showed in a March 2009 Essential Information and Consumer Education Foundation report titled "Sold out; How Wall Street and Washington Betrayed America."

The accompanying press release said:

Over the past decade, "$5 billion in political contributions bought Wall Street freedom from regulation, (and) restraint." From 1998 ~ 2008, "Wall Street investment firms, commercial banks, hedge funds, real estate companies and insurance conglomerates (the FIRE sector)" spent over $1.7 billion in political contributions and another $3.4 billion on lobbyists, in return for which:

~ they were freed from regulation;

~ could speculate on financial derivatives and an alphabet soup of securitized garbage, including asset-backed securities (ABSs), mortgage-backed securities (MBSs), collateralized mortgage obligations (CMOs), collateralized debt obligations (CDOs), collateralized bond obligations (CBOs), credit default swaps (CDSs), and collateralized fund obligations (CFOs) ~ combined, sliced, diced, packaged, repackaged, and sold in tranches to sophisticated and ordinary investors, many unwittingly through mutual funds, 401(k)s, pensions, and the like;

~ could merge commercial and investment banking and insurance operations;

~ bilk investors and the public through fraudulent schemes; and

~ get trillions of bailout dollars when the economy crashed.

NOTE: KEYNESIAN ECONOMICS = DEATH OF THE HEALTHY "BUSINESS CYCLE" AND THE LIFE BLOOD OF PORNOGRAPHERS AND SPECULATIVE GREED,WHILE BREAKING THE BACKS OF THE WORKING POOR, THE ELDERLY AND THOSE ON FIXED INCOME

For decades, Wall Street and successive governments colluded to defraud the public, using various schemes to transfer wealth from them to the privileged. Carter spearheaded deregulation. Nixon and Ford began by hiring Alfred Kahn to head the Civil Aeronautics Board (CAB).

The 1978 Airline Deregulation Act followed. It dissolved the CAB, removed industry restraints, eased consolidation, and subsequent bills deregulated trucking and railroads ~ the 1980 Motor Carrier Act and 1980 Staggers Rail Act, following the 1976 Railroad Revitalization and Regulatory Reform Act.

Carter also phased out interest rate deposit ceilings, and gave the Fed more power through the 1980 Depository Institutions and Monetary Control Act, removing restraints and enabling subsequent administrations to go further.

Under Reagan, energy deregulation followed, notably oil and gas, then electric utilities under GHW Bush and Clinton, the result being high prices, brownouts, and Enron-like scandals.

In the 1980s, the 1982 Alternative Mortgage Transactions Parity Act led to exotic feature mortgages with adjustable rates or interest-only. They carry low "teaser" rates for several years, after which they're adjusted much higher, often making loans unaffordable, especially for low-income, high-risk borrowers using subprime and Alt-A loans.

Those of you who blame homeless people for their own problems of losing their homes, remember this last. They were set up and were running on optimism as I mentioned in my recent work on the betrayal of false optimism. For so many all it would take is one major illness or accident and they are on the streets for owing to the medical organizations. Or they lost their job because Wall Street sent their job to China or India to pay much lower salaries.

MIND CONTROL ~ OPTIMISM ~ INVISIBLE ENTRAPMENT

The 1982 Garn-St. Germain Depository Institutions Act deregulated thrifts and fueled fraud, so much that the Savings and Loan crisis followed, hundreds of banks failed, and taxpayers got stuck with most of the $160 billion cost. In 1987, the Government Accountability Office (GOA) declared the S & L deposit insurance fund insolvent because of mounting bank failures.

In 1988, global regulators imposed minimum bank capital requirements, known as the Basel Accord or Basel I, enforced in the G-10 countries.

In 1989, the Financial Institutions Reform and Recovery Act abolished the Federal Home Loan Bank Board and FSLIC, transferring them to the Office of Thrift Supervision (OTS) and FDIC. It also created the Resolution Trust Corporation (RTC) to liquidate troubled assets, assume Federal Home Loan Bank Board insurance functions, and clean up a troubled system.

Clinton era telecommunications deregulation let media and telecommunication giants consolidate, gave new digital television broadcast spectrum space to current TV station owners, and let cable companies increase their local monopoly positions.

His 1994 Reigle-Neal Interstate Banking and Branching Efficiency Act let bank holding companies operate in more than one state. In 1996, the Fed reinterpreted Glass-Steagall to let bank holding companies earn up to 25% of their revenue from investment banking.

The 1998 Citicorp-Travelers merger followed, combining a commercial/investment bank with an insurance company ahead of the 1999 Financial Services Modernization Act, also called the Gramm-Leach-Bliley Act (GLBA) authorizing it.

Have you taken a look at your money? It says "Federal Reserve Note" which means it is an instrument of debt. There is no real money in circulation.How the ordinary person living a life of work and children, in an increasingly illiterate and uneducated society, is supposed to know and follow all of this, or even be aware of it, is difficult to fathom.

However, they would trust and then, when the ax fell, be told "the information is out there. You do read don't you?" Between the facts I have just mentioned, and soccer with the kids on Saturday, and the fact they trust, they would never even conceived of such a thing. Such is the way with most Christians of which America is primarily composed. Their religion teaches trust while the religion of the vultures tells them to prey upon such weaknesses.

Some Background

During the Great Depression, (also a Wall Street Manipulation) the Bank Act of 1933 (Glass-Steagall) created the FDIC, insuring bank deposits up to $5,000 and separating commercial from investment banks and insurance companies, among other provisions to curb speculation.

Senator Carter Glass was its prime mover and got Senator Henry Steagall to go along by including his amendment to protect deposits.

Glass believed banks should stick to lending, not speculate, deal, or hold corporate securities. He blamed them for the 1929 crash, subsequent bank failures, and the Great Depression. The Bank Act of 1933 passed quickly to curb them.

No Longer since the Neoliberal 1990s

Later weakened, it still curbed abusive practices until GLBA repealed it, let commercial and investment banks and insurance companies combine, and facilitated consolidated power, fraud and abuse that followed. Other deregulatory rules permitted off-balance sheet accounting to let banks hide liabilities.

In 2000, the Commodity Futures Modernization Act (CFMA) passed, legitimizing swap agreements and other hybrid instruments, at the heart of today's problems by ending regulatory oversight of derivatives and leveraging that turned Wall Street more than ever into a casino.

In her book "It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street," former insider Nomi Prins explained CFMA as follows:

"That act ushered in tremendous growth of unregulated commodity trades through its "Enron Loophole (for its Enron On-Line, the first Internet-based commodity transactions system to let companies) trade energy and other commodity futures on unregulated exchanges."

It also sparked growth in the unregulated credit derivatives trades that bet on defaults of corporations or loans, which became the main ingredient in the hot new Wall Street financial gumbo. Credit derivatives were a type of insurance contract written against not just one corporation or loan but on investments that scarfed up bunches of subprime loans (junk) and stuffed them into the unregulated CDOs that imploded and hastened the greater lending crisis."

Credit default swaps became the most widely traded credit derivative. As unregulated insurance bets between two parties on whether or not a company's bonds would default, financial writer Ellen Brown asked in her April 11, 2008 article titled, "Credit Default Swaps: Evolving Financial Meltdown and Derivative Disaster Du Jour."

What if "the smartest guys in the room designed their credit default swaps (but) forgot to ask one thing ~ what if the parties on the other side of the bet don't have the money to pay up?" In late 2007, when the financial crisis hit, they didn't, causing a "super-sized bubble" to deflate.

New Deal reforms were enacted to prevent it. Deregulatory madness made it inevitable and the subsequent global economic fallout that continues ~ compounded by what Danny Schechter explained in his book, titled "The Crime of Our Time," calling the financial collapse "a crime story (involving) high status white-collar crooks." Their schemes included:

~ "Fraud and control frauds;

~ Insider trading;

~ Theft and conspiracy;

~ Misrepresentation;

~ Ponzi schemes;

~ False accounting;

~ Embezzling;

~ Diverting funds into obscenely high salaries and obscene bonuses;

~ Bilking investors, customers and homeowners;

~ Conflicts of interest;

~ Mesmerizing regulators;

~ Manipulating markets;

~ Tax frauds;

~ Making loans and then arranging that they fail;

~ Engineering phony financial products: (and)

~ Misleading the public."

Worst of all, they got away with it, still do, and got trillions of dollars in bailout money as a bonus, free money from the Fed plus interest on Fed held reserves.

On Hyde Island, when the Federal Reserve Act was hashed out in great secrecy by the enemies of America; the bankers' days were spent seeking a way that the bankers could make the greatest profit but never held responsible for the debts of those whom they had impoverished, leaving the latter victimized yet again with almost no real shot at freedom.

Who created the Federal Reserve? Funny you ask, I just happen to have their names here.

In November OF 1910, a group of vultures met at the Jekyll Island Hunt Club on Jekyll Island, Georgia. What were they hunting? The biggest prize of all, the absolute and complete control of all the money in America which means control of all America and with it the power to enslave all the people.

Senator Nelson Aldrich (Nelson Rockefeller's maternal grandfather);

A. Piatt Andrew, Economist and Assistant Secretary of the Treasury;

Frank Vanderlip, President of the National City Bank of New York;

Henry P. Norton, President of Morgan's First National Bank of New York;

Paul Moritz Warburg, a German who was partner in the New York banking house of Kuhn, Loeb Co.;

Benjamin Strong, an aid to J. P. Morgan.

Bernard Baruch.

Paul Warburg was credited as the architect of the bill which was passed by Congress and signed by traitorous Woodrow Wilson on December 23, after almost all of Congress and Senate had gone home for the holidays. It was entitled the Federal Reserve Act of 1913. America once again had a central bank but this time they had placed America under an absolute dictatorship

THE TEN MEMBER BANKS OF THE FEDERAL RESERVE

All owned by the Rothschilds

Rothschild Bank of London

Warburg Bank of Hamburg

Rothschild Bank of Berlin

Lehman Brothers of New York

Lazard Brothers of Paris

Kuhn Loeb Bank of New York

Israel Moses Seif Banks of Italy

Goldman, Sachs of New York

Warburg Bank of Amsterdam

Chase Manhattan Bank of New York

The Absence of Regulatory Oversight

Earlier New Deal reforms were long gone, but for the most part worked when in place. The Securities and Exchange Act of 1934 followed the Securities Act of 1933, requiring offers and security sales to be registered, pursuant to the Constitution's interstate commerce clause. Previously, they were governed by state laws, so-called "blue sky laws" to protect against fraud.

The 1934 law regulated secondary trading of financial securities and established the SEC under Section 4 to enforce the new Act, later under the 1939 Trust Indenture Act, the 1940 Investment Company Act, the Investment Advisors Act the same year, Sarbanes-Oxley of 2002, and the 2006 Credit Rating Agency Reform Act.

The SEC was established to enforce federal securities laws, the security industry, the nation's financial and options exchanges, and other electronic securities markets and instruments unknown in the 1930s, including derivatives and other forms of speculation. In principle, it's charged with uncovering wrongdoing, assuring investors aren't swindled, and keeping the nation's financial markets free from fraud and other abuses.

That was then, but no longer. Under George Bush, the SEC was more facilitator than enforcer, a paper tiger, not a guardian of the public trust. It:

~ turned a blind eye to fraud and abuse;

~ protected Wall Street, not investors;

~ neutered its enforcement staff's authority;

~ adopted voluntary regulation;

~ let investment banks hold less reserve capital;

~ freely use leverage;

~ incur much higher debt levels; and

~ pretty much do what they pleased,
only occasionally punishing an offender with a wrist-slap.

Financial fraud prosecutions dropped sharply, practically never against powerful, well-connected firms, the Bernie Madoff exception because he confessed to his sons, and they turned him in for running what he called a "giant Ponzi scheme."

Obama exacerbated the worst bad practices.
Wall gets a free ride.
Foxes guard the hen house.
Inmates run the asylum.
Regulators don't regulate.
Investigations aren't conducted.
Criminal fraud is ignored.
Nothing is done to curb it, and except for Madoff,
only small fries need worry.
Washington protects the big ones,
Obama assigning Mary Schapiro the task as his SEC chief.

She's a consummate insider, spent years promoting Wall Street self-regulation, headed the Financial Industry Regulatory Authority (FINRA), was the National Association of Securities Dealers' (NASD) chairman, president, and CEO, ran the Commodity Futures Trading Commission, and is expert at quashing fraud investigations.

Except for high profile cases too big to hide (like Countrywide's Angelo Mozilo and Texas financier Robert Allen Sanford), she's treaded lightly on the rich and powerful, is doing nothing to curb insider trading, front-running, market manipulation, and other abuses.

Even the Wall Street Journal, commenting on her appointment, said her regulatory record "shows she has infrequently pursued tough action against big Wall Street firms." A year later, her job performance proves it, made easier by decades of deregulation.

The very moment a goy seeks happiness
outside himself,
he becomes our willing servant.
~ The Hidden Tyranny: Interview with Harold Wallace Rosenthal

In 2003, the Controller of the Currency, John Hawke, Jr. preempted state predatory lending laws (in violation of the 10th Amendment), meaning nationally chartered banks (including the nation's biggest) would come under federal standards, not more stringent state ones. According to former New York Attorney General and Governor, Eliot Spitzer:

"Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye."

In 2004, Basel II replaced Basel I with more comprehensive guidelines, ostensibly to ensure banks hold capital reserves appropriate to their lending and investment practices. In other words, the more risk, the greater the reserves, but given lax regulatory oversight, banks pretty much do what they want, and Obama gives them free reign, all the easier with trillions in bailout dollars.

In 2007, the Fed's Term Auction Facility extended loans to depository institutions with no public disclosure, unlike its discount window operations. In addition, global regulators let commercial banks set their own capital requirements, based on internal "risk-assessment models."

Regulators ignored predatory lending practices. They:

~ overrode state consumer protection laws to curb exploitive lending and other abuses;

~ prevented victims from suing predatory loan issuing firms;

~ freed Fannie, Freddie and giant Wall Street players to operate recklessly;

~ let them hide toxic assets by off-balance sheet accounting;
Financial Accounting Standards Board rules allow it,
and the Security Industry and Financial Markets Association
and the American Securitization Forum have
lobbied furiously to keep them unchanged;
in other words, to deceive the public
by letting insolvent institutions look healthy;

~ let them eliminate some of their own
(Bear Stearns, Lehman Bros. and Merrill Lynch)
to remove competition;

~ abandoned antitrust and other regulatory principles;

~ created too-big-to-fail institutions; and

~ let them do anything they wished, free from meaningful oversight.

Credit rating agencies played their part as well because of their relationship with issuers. They ignored high-risk financial instruments, rated them highly, and duped investors to believe they were safe. The SEC could have intervened but didn't. The 2006 Credit Rating Agencies Reform Act requires regulators to establish clear guidelines to determine which ones qualify as NRSROs (Nationally Recognized Statistical Rating Organizations).

The SEC is supposed to monitor their internal record-keeping and prevent conflicts of interest, but can't regulate their methodology and must approve their standards even knowing they're flawed.

One hand thus feeds the other. Conspiratorially, the regulator and credit agencies turn a blind eye to abuses, cry foul when it's too late, then promise greater diligence next time. Change, of course, never comes, so next time is like last time until so extreme the whole system collapses, harming ordinary people the most.

When ordinary people speak out at the wrong time, warning others of what is being done, they are silenced by the thieves in many ways which range from being called "anti semitic" or a "conspiracy wing nut job" to being harassed and possibly more violent methods taken.

After the 2008 Bear Stearns collapse, special lending facilities opened the discount window to investment banks, accepting a broad range of asset-backed securities, principally toxic ones, as collateral - what economist Michael Hudson called "cash for trash." Numerous other programs followed, including:

~ the 2008 Emergency Economic Stabilization Act (ESSA) establishing the Troubled Asset Relief Program (TARP) to trade bad assets for good ones;

~ the 2008 New York Fed administered Term Asset-Backed Securities Loan Facility (TALF) to lend up to $1 trillion on a non-recourse basis to holders of certain AAA-rated asset-backed securities (ABS) backed by newly and recently originated consumer and small business loans;

~ Fed purchases of money market instruments;

~ the Public-Private Investment Program (PPIP) to subsidize toxic asset purchases with government guarantees; and

~ trillions of dollars in bank bailouts; according to Neil Barofsky, the Special Treasury Department's TARP Inspector General, banks got or were pledged up to $23.7 trillion, or the equivalent of an $80,000 liability for every American; in March 2009, Bloomberg reported that the Treasury and Fed "spent, lent, or committed $12.8 trillion" up to that point, and more was available for the asking, besides other free money at near zero percent rates plus interest on reserves held by the Fed.

We Jews glory in the fact that the stupid goy have never realized that we are the parasites consuming an increasing portion of production while the producers are continually receiving less and less. ~ The Hidden Tyranny: Interview with Harold Wallace Rosenthal

Wall Street never had it so good. For the public, hard times are worsening as America sinks deeper into depression, a protracted one according to some experts hitting the needy and disadvantaged hardest. The land of the free is now the most callous, the result of what former Wall Street and government insider Catherine Austin Fitts calls a "financial coup d'etat."

Of course they hit these age groups hardest, as well and the physically imperfect, this is "survival of the fittest" banking style to make sure only the ones who can gernerate money happier. The sooner the old ones are gone, memories of what was are removed to give smarter or wiser idea to the new more controlled younger ones.

She explains the "pump(ing) and dump(ing) of the entire American economy," duping the public, fleecing trillions of dollars, and it's more than just "a process (to destroy) the middle class. (It's) genocide (by other means) ~ a much more subtle and lethal version than ever before perpetrated by the scoundrels of our history texts."

The scheme includes abusive market manipulation,

"fraudulent housing (and other bubbles),
pump and dump schemes,
naked short selling,
precious metals price suppression,
and active intervention in the markets by the government and central bank"
along with insiders trading on privileged information unavailable to the public.
It's part of a government ~ business partnership
for enormous profits through "legislation, contracts,
regulat(ory laxness), financing, (and) subsidies" ~

a conspiratorial plot to transfer
household wealth to powerful special interests.

Here's a taste of the consequences, courtesy of economist David Rosenberg on February 16. He reported that "credit contraction continues unabated," and the numbers are staggering:

~ $30 billion in the past week;

~ $100 billion in the first six weeks of 2010, "a historic 16% annualized decline;"

~ since the crisis erupted in fall 2007, $740 billion, "a record 10% decline;" and

` "The fact that credit has dropped at a 16% annual rate since the turn of the year is testament to how the credit contraction is actually accelerating."

And it's broad-based:

~ consumer loans down at a 12% annual rate year to date;

~ real estate down 13.5% annualized;

~ commercial and industrial loans down at a 19.3% annual rate; and

~ short-term business credit down $14 billion year to date.

Rosenberg calls it "alarming," especially "since the bulk of the fiscal and US dollar stimulus is behind us, not ahead of us....The era of the 'green shoots' is officially dead."

Europe is mired in recession.

Britain faces a possible 2010 sovereign debt crisis,
spiking yields and raising borrowing costs,
according to Morgan Stanley.

Eastern European nations teeter on the brink of debt default.

So do Greece, Spain, Portugal, Italy, and Ireland.

A January 14 George Magnus Financial Times article titled, "Sovereign default risks loom" said:

"There is no peacetime precedent for the current speed and scale of public debt accumulation....The spectre of sovereign default, therefore, has returned to the rich world," sparking fears of nonpayment, paying less than face amount, inflation, capital controls, special taxes that break private contracts, and/or currency devaluations, measures also threatening America given its crushing debt burden.

As the conversation went on into the late hours, one could sense that perhaps America deserves the reign of terror being planned for her. The Jewish mind pits every ethnic group against the other. "The blood of the masses will flow as we wait for our day of world victory," Mr. Rosenthal said coldly.

Yet according to Rosenberg,

"the consensus community has no clue
as to what the future holds,"
forecasting rosy scenarios while Rome burns.

In fact, "the depression is ongoing even if the most recent recession has faded; and in our view, the next one is not too far away especially now that the stimulus is soon to subside." The contagion will be global, the fallout catastrophic because the worst is yet to come, what economist Michael Hudson foresaw in early 2009 saying:

"The (US) economy has reached its debt limit and is entering its insolvency phase. We are not in a cycle but (at) the end of an era. The old world of debt pyramiding to a fraudulent degree cannot be restored," only delayed for a more painful day of reckoning.

It's coming according to Austrian economist Ludwig von Mises (1881 - 1973) because:

"There is no means of avoiding a final collapse of a boom brought about by credit expansion." It's only a matter of sooner "or later as a final and total catastrophe of the currency system involved."

Expect a deepening global depression;
protracted economic, political, social,
and institutional upheaval;
mass unemployment, poverty,
homelessness, and hunger;
and severe repression to curb public anger.

Blame it on decades of political influence
buying yielding unprecedented returns
for the privileged, but economic wreckage
and catastrophic life changes for the rest.

The price of excess is pain,
lots of it for the world's disadvantaged,
the ones who always pay
for rich peoples' sins.

Having read this article by Lendman complete with my inserts, you can see that the opening quote by Communist Lenin is a frightfully accurate description of our world today. People have not yet noticed that America has become extremely Communist over the years. This was not a violent Communist take over; it has been subtly accomplished from within, step by step by step, by a ruthless, patient, very brilliant enemy. And you will find upon further study, that Communism and Zionism are quite the same thing almost 100%.

Think about the people on Wall Street, and who surround the last few presidents, all of whom held dual passports between America and Israel. Now, do the math, folks. Do the math.

"What is the Jew's foundation in our world?

Material necessity, private advantage.

"What is the object of the Jew's worship in this world?

Usury. What is his world god? Money.

"The Jew has already emancipated himself in the Jewish way: the Jew who is, for example, merely tolerated in Vienna, determines with his money power the fate of the entire German Empire.

The Jew who is without rights in the smallest German state,

decides the fate of Europe.

"This is no isolated fact. The Jew has emancipated himself in the Jewish fashion not only by acquiring money power but through money's having become ~ with him or without him ~ the world power and the Jewish spirit's having become the practical spirit of the Christian peoples.

The Jews have emancipated themselves to the extent that the Christians have become Jews ~ KARL MARX Founder of Communism

Quotes from Review by Marx of Bruno Bauer's The Capacity of Today's Jews and Christians to Become Free

Stephen Lendman is a Research Associate of the Centre for Research on Globalization. He lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.

Also visit his blog site at sjlendman.blogspot.com and listen to the Lendman News Hour on RepublicBroadcasting.org Monday - Friday at 10AM US Central time for cutting-edge discussions with distinguished guests on world and national issues. All programs are archived for easy listening.

http://republicbroadcasting.org/Lendman