Do bankers dance like this? (The Adoration of the Golden Calf, Nicolas Poussin; Source: National Gallery of London)
by Joe Schembrie
American foreign policy is corrupted by a powerful influence so arrogantly reckless it endangers the human race. This influence isn't Big Oil or Zionism, which are merely tools of the real power. The real power that controls US foreign policy is Big Money – the central banking institution known as the Federal Reserve System.
The ultimate in corporate welfare, the Fed is a government-supported banking cartel which creates trillions of dollars from mere bookkeeping entries. The $123 billion in Big Oil profits last year is trivial in comparison. In political clout, Big Money is the driver and Big Oil is only along for the ride.
Likewise, Israel is also but a passenger. True, US foreign policy is dominated by neoconservative ideologues, but the neocons are politically powerful because of their lobbies, and their lobbies get their money from financiers who get their money from investment bankers who get their money from the central bankers of the Federal Reserve. The neocons may sincerely believe in their own agenda but they have power only because the central bankers need them to feign a patriotic/nationalistic smokescreen so that citizens will sacrifice and soldiers will die for a foreign policy whose real purpose is to enrich the central bankers.
No wonder the neocon narrative has plot holes. For example, if the neocons favor democracy, why support Saudi Arabia, the most repressive regime in the Middle East? Why attack Iraq, which had no connection with terrorists and no weapons of mass destruction, and why support Pakistan, which has both? Why so eager to immediately attack Iran, which is years from developing nuclear weapons? And most bizarrely of all, why did the neocons push Georgia into a hopeless war against Russia?
None of this protects the US or Israel from "Islamo-Fascism." Instead, the neocons defer to the key foreign policy objective of the central bankers, which is: Keep the Dollar Strong. A strong dollar will dominate as the world's reserve currency and serve as the international medium of exchange, and as the global economy grows, demand for reserve currency increases and the central bankers reap enormous wealth by trading their otherwise worthless little green pieces of paper for the world's resources.
Unfortunately, the central bankers are too greedy. Over-inflating the money supply, they undermine the dollar's value. In desperation, to keep the dollar as world reserve currency, the Fed pressures its oil-producing vassal states – especially the US puppet regime in Saudi Arabia – to accept only dollars in exchange for oil. As oil is the world's most essential commodity, the world must trade in dollars to survive.
Thus the neocons show fealty to the Fed. They ignore Saudi repression, because Saudi oil keeps the dollar strong. The neocons attacked Iraq because it was a major oil producer that dared sell in currencies other than the dollar. The neocons want to attack Iran now for the same reason.
The neocons would also love to attack Russia, the world's second largest oil producer, for it too refuses to bow before the Almighty Petrodollar. However, Russia really has weapons of mass destruction, and so the neocons pursued indirect confrontation by encouraging their puppet regime in Georgia to attack South Ossetia, a Russian ally. The Russians predictably retaliated, and frightened Europeans are pulling investments from Russia and questioning their reliance on Russian oil. End result: the dollar rules on.
The neocons knew Georgia couldn't beat Russia. Localized military defeat for global financial victory was the game plan. As neoconservative Jeane Kirkpatrick revealed during the Cold War: "Russia is playing chess, while we are playing Monopoly." And so Russia loudly stakes out a square while the Fed quietly buys up the board.
Very clever – but in provoking a deadly confrontation with a nuclear power, did the central bankers let greed go too far? To dilute our currency at a cost of thousands of dollars a year per citizen is criminal, but to risk the annihilation of civilization is depraved.
Dismissing feeble altruistic rationalizations, we see the Federal Reserve's power to create unlimited amounts of money at whim has caused our monetary overlords to lose touch with humanity and wage war against the human race. Such unbounded egomania is a natural consequence of being insulated from economic, political, and moral accountability during the Fed's century-long reign of corruption.
For our freedom, prosperity, and survival, the Federal Reserve scam of the central bankers must be abolished – before more wealth is dissipated by their parasitical monetary system, or another life is lost to their vampirical foreign policy.
September 9, 2008
Joe Schembrie [send him mail] is a writer who lives in Bellevue, Washington.Copyright © 2008 LewRockwell.com