Reaction to the Financial Crisis in the Arab World
Posted: November 4, 2008
In response to the financial crisis, age-old anti-Semitic stereotypes about Jews or the "Zionists" controlling world events, governments and finances are emerging in the Arab and Muslim world.
Newspaper columnists, editorial cartoonists, political leaders, economists and others in the Arab world have accused Jews or Zionists of creating and benefiting from the crisis. Some of the articles are accompanied by vicious anti-Semitic cartoons.
The following is a snapshot of reaction in the Arab/Muslim that has emerged as a result of the ongoing financial crisis as compiled by ADL:
• In a mid-October statement, Ismail Haniyeh, the leader of Hamas, the Palestinian terrorist organization that now governs the Gaza Strip, claimed that the global financial crisis was God's way of punishing the United States for supporting Israel and for occupying Iraq and Afghanistan. He reportedly stated, "We see it as God's punishment for the criminals…They deprived our people of money and now God has deprived them of money."
• Earlier in October, Fawzi Barhum, a spokesman for Hamas, blamed the "Jewish lobby" for the financial crisis. He alleged that the crisis was the result of "bad administrative and financial management and a bad banking system put into place and controlled by the Jewish lobby. Barhum added that [the Jewish lobby] "controls the U.S. elections and defines the foreign policy of any new administration in a manner that allows it to retain control of the American government and economy."
• The Syrian economist Muhammad Sharif Mazloum made the following statements in an interview airing on Al-Kawthar TV on October 10, 2008 (Translation provided by MEMRI):
"The dollar was severed from gold, and became subjected to the whims and schemes of the Zionist lobby, whose goal was, and still is, to take control of the world's gold, which is deposited in Swiss banks or in the central banks of countries as gold reserves for their banknotes, as well as to enslave the peoples and then to impoverish them. With the American political and economic pressure on governments around the world to sever their currencies from the gold standard, the crisis – or the Zionist economic war against the peoples of the world – began.
"The economic research that we conducted in 1989 revealed the economic war planned by the Zionists even before 1944, when they promised the US government to back the US dollar with their gold. Since the America government does not have its own federal banks, it agreed to sign the Bretton Woods agreement, which gave an ounce of gold for every $35 that reached the Federal Reserve Bank, and its branches throughout America, which are owned by the Ashkenazi Jews.
"In the 1960s, President John Kennedy decided to establish governmental banks to protect the dollar, in which the gold that was pouring into America would be deposited. What became of Kennedy? He was killed by the Zionist lobby. This is a fact that nobody is aware of – but a fact it is. That was the reason Kennedy was killed.
"Global Jewry is trying to prepare the ground for a strong currency. What would that strong currency be? People have no confidence in the euro, and they don't keep gold. This strong currency is what [Israel] is preparing now, and even issued in Gaza – the gold Jewish shekel."
• Khalid Amayreh, a Palestinian journalist from Hebron, a city in the West Bank, posted an article to his Web site arguing that support of Israel will be the reason for the ultimate downfall of the "American empire." He wrote, "It is well known that Israel, through the numerous Zionist lobbies and pressure groups, more or less controls America's politics, media and financial institutions…. But America doesn't lack the brain power to know the facts and find out the truth about the umbilical connection between the Israeli factor and the ravaging financial crisis now facing the US… I am afraid there will be more bad news in this regard if America doesn't reclaim its liberty from the Zionist Rober [sic] Barons who have come to tightly control the American financial establishment." This article was picked up by many other blogs, Web sites, and listserves.