Money As Religion

I Can’t Get You Out of My Head

Part 3 Money Changes Everything

Directed by Adam Curtis

Links to Part 1 and Part 2

Film Review

Part 3 of I Can’t Get You Out of My Head concerns the gradual handover of political power from elected official to banks and financial institutions. Curtis traces this process to Nixon’s 1973 decision to abolish the gold (and silver) standard. Once currencies ceased to have any fixed value, power began to shift to banks (who create the vast majority of our money*) and currency traders. For Curtis, one of the most significant cultural events of the seventies was the publication of a Russian emigre’s 1974 book It’s Me Eddie. The main theme of the novel is that Americans mistakenly believe they are free when they’re really simplified robots controlled by the rules of money.

The 1973 oil embargo (which caused oil prices to skyrocket) reinforced the popular sense that elected officials had lost control over government.

Nixon, who was naturally paranoid, was aware from the onset of his presidency that there were intelligence insiders at the White House plotting against him.** This led to his decision to tape record all his Oval Office conversations, providing ammunition for opponents who forced him to resign. 

Meanwhile in China, Mao’s fourth wife Jiang Qing (see Part 1 Where Has Democracy Gone?) was briefly the most powerful woman in the world. Beginning in 1971, Jiang lost control of the Red Guards, which broke into warring factions. Mao, in turn, removed her from power and exiled troublesome Red Guard leaders to the desert and the provinces. Determined to succeed Mao, Jiang allied herself with three other party officials to form the Gang of Four.

Deng Xiaoping, who would succeed Mao in 1977, immediately had them arrested and imprisoned.

For me, the most interesting segment of Part 3 concerns the discovery by Kerry Thornley, co-founder of Operation Mindfuck (see Part 1 Where Has Democracy Gone?) that many of the individuals New Orleans District Attorney Jim Garrison implicated in the JFK assassination were involved in the Watergate break-in. Thornley ultimately decided he had been manipulated by intelligence operatives to start Operation Mindfuck and spread phony Illuminati conspiracy theories.


*Contrary to popular belief, private banks create 97-98% of the money in circulated with government creating the 2-3% that exists as notes and coins. See 97% Owned

**Russ Baker probably gives the best account of the conspiracy by Bush Sr intelligence operatives to bring down the Nixon presidency by undertaking a bungled burglary at the Watergate Hotel and implicating Nixon in the operation. See Family of Secrets: The Bush Dynasty, America’s Invisible Government, and the Hidden History of the Last 50 Years*

Breaking Point: The 1979 Iranian Revolution

Breaking Point

Press TV (2019)

Film Review

Since Google (which owns Youtube) has banned Press TV’s YouTube channel, Iran’s national broadcaster has started their own documentary channel.

I’ve just watched an excellent two-hour documentary on the Iranian Revolution. Up to this point, my only exposure to the 1979 revolution overthrowing Shah Reza Pahlavi came from a handful of CIA-scripted Hollywood films and a book by former Israeli agent Ronen Bergman.

The documentary begins with the 1953 US/UK coup against democratically elected Mohammad Mosaddegh, following his nationalization of Iran’s oil industry. Four years after the CIA  reinstated Pahlavi as Shah, they worked with Israel to help him create the Savak, a massive intelligence/police force that was even more intrusive and brutal than the East German Stasi.

In 1963, fearful of growing popular discontent, the US pressured the Shah to undertake a series of reforms, including land reform, forest nationalization, electoral reform (including voting rights for women), and and a scheme granting company shares to factory workers. His error was putting corrupt family members and military officers in charge, who pocketing most of the funding allocations for their personal use.

As of 1975, 60% of Iranians still lived in rural villages, where only 1% had access to electricity or clean drinking water. In fact, extreme rural poverty led to the steady migration of landless farmworkers to Iran’s cities, where they became peddlers, beggars, and prostitutes.

The Shah’s decision not to participate in the 1973 oil embargo* led to a massive increase in Iran’s oil export income – from $4 billion to $20 billion. The Shah would use a substantial portion of these funds to industrialize Iran and create an educated Iranian middle class. However he squandered most of it on a network of nuclear power plants and advanced military hardware that even European NATO members couldn’t afford.

Ayatollah Khomeini, the so-called Gandhi of the Iranian Revolution, first came to prominence in June 1963, when he was arrested for a speech publicly denouncing the Shah, the US, and Israel. The mass uprising following his arrest was quashed after the Shah declared martial law. Fearful of further unrest, the Shah, who originally intended to execute Khomeini, merely exiled him (first to Turkey, then Iraq).

For years, tapes of Khomeini’s speeches were smuggled into Iran, where they became extremely popular among students. In 1969, Khomeini (from Iraq) called for the Shah’s overthrow and establishment of an Islamic Republic. By the mid-1970s, nearly all Iranian opposition groups had united behind Khomeini,** including many ex-communists and the secular National Front (founded by Mosaddegh supporters).

When Carter became president in 1977, he again pressured Iran to undertake political and social reforms. The filmmakers believe the reforms (including greater press freedoms, release of political prisoners, and withdrawal of troops from the universities) merely emboldened the resistance movement, resulting in a wave of mass protests and general strikes. By late December, a prolonged general strike brought the economy to a standstill, with Iranian troops refusing orders to fire on strikers or protestors.

In January 1979, the Shah fled the country, and on February 1, three million Iranians turned out to hail Khomeini’s triumphant return from Paris (he was expelled from Iraq in October 1978).


*The embargo instituted by the Organization of Arab Petroleum Exporting Countries was aimed at nations supporting Israel is the 1973 Yum Kippur War.

**Unlike Sunni Islam, the Shi’a religion has a long history of rebellion against authority.

Although the video can’t be embedded, it can be view free at Breaking Point or at Press TV’s Facebook page (for now): https://www.facebook.com/PressTVdocumentaries

 

Hidden History: The 1973 Arab-Israeli War

The War in October

Al Jazeera (2013)

Film Review

The War in October is a three-part documentary series about the October 1973 Arab-Israeli War – aka the Yom Kippur War. What struck me most about the series is how markedly it differs from what we read in the Western media (which was embedded with Israeli troops) and what Americans are taught in school.

Part I provides the background of the war – an agreement by Syrian ruler Hafez al-Assad’s (Bashar’s father) agreement with Egyptian ruler Anwar Sadat to simultaneously attack Israel to reclaim territory each had lost to Israel (the Syrian Golan Heights and Egypt’s Sinai Peninsula) in the 1967 war.

Part 1 reveals that both Syria and Egypt came close to reconquering their lost territory within the first 24 hours of their attack. They both failed, mainly owing to Assad’s and Sadat’s refusals to follow their generals’ advice.

Part 2 covers the major reversals Syria and Egypt experienced following the full mobilization of Israeli reserves. Israeli troops seized territory within Egypt to within 100 km of Cairo. Their tanks also penetrated deeply into Syria, until they were beaten back by reinforcements from Iraq and Jordan.

Part 3 is the most interesting, as it covers the role Henry Kissinger played, not only in providing Israel with critical military hardware, but in encouraging them to disregard two ceasefires ordered by the UN Security Council.

After the Soviet Union threatened to enforce the second ceasefire militarily, Kissinger (and Israel) eventually capitulated.

However the most effective tool in the 1973 war was the oil embargo launched by all Arab oil producing nations. International pressure forced Israel to withdraw from Egyptian and Syrian territory and accep deployment of UN peacekeeping troops in buffer zones east of the Suez Canal and the Golan Heights.

In a side agreement, Sadat agreed to release 230 Israeli prisoners of war in return for Kissinger’s pledge to negotiate a treaty leading to Israel’s withdrawal from Sinai. Signed in 1979, the treaty resulted in full withdrawal of Israeli troops in 1982 – a year after Sadat’s assassination.

David Rockefeller: Billionaire Architect of Corporate Globalization, CIA Coups and US Resource Wars

The Unauthorized Biography of David Rockefeller

by James Corbett (2017)

Film Review

This is a documentary about the late David Rockefeller, billionaire architect of corporate globalization, international free trade treaties (eg TPPA) and most CIA coups and US resource wars of the late 20th century (eg the US war on Iraq). Activists have known for decades that the US is run by billionaire oligarchs – and not Congress and the President. However it’s only with the advent of the Internet and Information Age that we could start to identify who these oligarchs are and how they control our democratic institutions. As in other documentaries, James Corbett does an excellent job exposing these secret levers of power.

According to Corbett, David, the last grandson of oil tycoon J.D. Rockefeller to die (in 2017), principally exerted his influence through foreign leaders he befriended in his role as CEO of Chase Manhattan Bank and World War II military intelligence officer; through his membership in secret round table groups (eg the Council on Foreign Relations, the Trilateral Commission and the Bilderberg Group) that craft foreign policy for all so-called western democracies; the insertion of his high level errand boys (eg Henry Kissinger and Zbigniew Brzezinski) into every presidential administration from Lyndon Johnson on; and the the vigorous role played by Rockefeller-funded foundations, universities, think tanks and media outlets in shaping public opinion.

In 1973, Kissinger (under David’s interest) was instrumental in launching the 1973 CIA coup in Chile to protect Rockefeller mining interests. Via David’s leadership role in the Bilderberg Group, he played a principle role in instigating the 1973 oil embargo (which jacked up oil prices and Rockefeller oil profits, the formation of the Eurozone and the euro and the 2003 invasion Iraq.

The Trilateral Commission, which David and Brzezinski co-founded in 1973, has been largely credited for Carter’s selection as the 1976 Democratic candidate – and (thanks to fawning coverage in the corporate media) his ultimate election as president.

With his five billionaire brothers, David also played a key role in founding the United Nations in 1945 (on donated Rockefeller land). The latter was openly designated the “world capitol” in historical newsreels.

How Big Oil Dictates US Foreign Policy

The Secret of the Seven Sisters

Al Jazeera English (2013)

Film Review

Despite its length, this documentary should be compulsory viewing. Everyone with an IQ over 90 should see it at least once before they die. It was only in viewing this film that I fully grasped the insane, oil-inspired military aggression in the third world and the US fascination with despotic dictators.

The video below is actually an 8-part series shown over successive nights on Al Jazeera-English. I’ve summarized the highlights of each of the eight parts so you can fast forward to specific segments that interest you.

0.00 – 23.26

Part 1 takes viewers from the founding of the secret Seven Sisters oil cartel in 1928 to the creation of the competing Organization of Petroleum Exporting Countries (OPEC) in 1960. The latter is made up of oil producing countries that have nationalized their oil industries.*

The film begins by describing the secret (illegal) cartel formed in 1928 by the Anglo-Persian Oil Company (which became British Petroleum), Standard Oil (which became Exxon) and Royal Dutch Shell. The goal was to end the cutthroat competition that was eating into profits. At a secret meeting in Scotland the three companies agreed to an orderly division of global production zones, as well as a process for fixing oil prices.

Later Mobil, Gulf, Texico and Chevron would join these three oil giants. The existence of the cartel remained secret until the 1950s, when it became known as the Seven Sisters.

This segment describes the totalitarian control BP exercised over Iran until 1951. A strike for higher wages led to a national uprising that overthrew the Shah and resulted in the democratic election of Mohammad Mosadegh as president. When the latter threatened to nationalize Iran’s oil industry, the British government requested CIA assistance to overthrow Mosadegh and restore the Shah to the throne. In return, the US government won the right for American oil companies to join BP in exploiting Iran’s oil resources.

In July 1956 after Egyptian president Nasser nationalized the Suez Canal (the main route for transporting Middle East oil to Europe), Britain, France and Israel declared war on Egypt. Nasser responded to an aerial bombing campaign by using concrete bunkers to blockade all Suez traffic. For once, the US and USSR collaborated to pressure the three aggressors to withdraw their forces and restore the transit of oil tankers through the canal.

23.26 – 46.00

Part 2 traces how the rise of OPEC worked to gradually erode the dominance of the Seven sisters – with violent repercussions.

In 1972 Saddam Hussein nationalized Iraq’s oil industry, with technical and military support from the Soviets and the French.

By October 1973, when Israel’s Arab neighbors launched the Yum Kippur War, OPEC members controlled 60% of the global oil supply. This enabled them to launch an oil embargo against the US in retaliation for their support of Israel in the 1973 conflict.

In 1978 Iran’s Ayatollah Khomeini, living in exile in Paris, called for a workers strike in the Iranian oil industry that caused a total shutdown of oil production. This, in turn, led the US to abandon their longtime support of the Shah and his secret police. The result was a national uprising, the forced exile of the Shah, the return of Ayatollah and the nationalization of Iran’s oil industry.

Determined to regain American corporate control of Iran’s oil industry, the US government backed Saddam Hussein’s invasion of Iraq in 1980. The sudden onset of peace in 1988 led to a period of “overproduction” and a dangerous drop in oil prices. In response, George Bush senior, whose Zapata oil company had made a fortune via offshore drilling in Kuwait, openly encouraged Saddam Hussein (through ambassador April Glaspie) to invade Kuwait. This would create a pretext for the first US invasion of Iraq in 1991.

In May 2001 (20 months before the US invasion), a secret energy task force headed by former oil executives Dick Cheney and Condoleezza Rice, drew up a plan whereby Exxon, Shell and BP would divide up US occupied Iraq into eight oil extraction zones.

48.00 – 61.00

Part 3 describes the decision by the Seven Sisters to open up Africa to increasing oil exploitation due to their gradual loss of control over Middle East oil.

In 1970, Colonel Omar Gaddafi led a coup against a corrupt Libyan monarchy that was allowing the Seven Sisters to pay 12 cents a barrel in royalties to extract high quality Libyan oil. Gaddafi immediately nationalized the oil industry, raised oil prices 33% and used the funds to finance generous public services for the Libyan world and to fund freedom fighters all over the world (including the Palestinians).

This section also traces the history of the French oil companies ELF and Total in Nigeria. After Algeria won independence from France in 1971, they nationalized their oil industry, and ELF began exploiting oil resources in Nigeria, Chad, Congo, Cameroon, and Angola, where they financed guerrillas and despotic regimes and participated in bribery and embezzlement schemes that massively increased the international indebtedness of these countries. In 2003 the CEO of ELF was sentenced to prison and the company was bought out by Total.

61.00 – 95.00

Part 4 covers the role of the Seven Sisters in stoking Sudan’s civil war (most of Sudan’s oil comes from South Sudan) and the role of Shell Oil Company in Nigeria’s trial and execution of environmental activist Ken Saro-Wiwa.

95.00 – 118.00

Part 5 traces the longstanding battle between Russia and the US oil industry over control of the Baku oilfields on the Caspian Sea. It begins with Lenin’s capture of the oilfields in 1920. Hitler’s primary reason for attacking the USSR in 1941 was to gain control over Baku.

This section also details how a US-Saudi conspiracy to flood the market with oil in the late eighties (dropping the global oil price to $13) ultimately led to the Soviet collapse in 1989. At the time revenue from oil sales was the Soviet’s sole source of foreign currency.

118.00 – 142.00

Part 6 concerns the role of the color revolutions in Georgia, Armenia and Azerbaijan in keeping Caspian Sea oil out of Russian hands and under the control of US oil companies.

It briefly discusses the US role in Boris Yeltsin’s coup against the Russian parliament and his privatization of the Russian oil industry on behalf of the Seven sisters and a handful of Russian oligarchs (Putin has subsequently re-nationalized Russia’s oil industry).

142.00 -165.00

Part 7 discusses the concept of Peak Oil and the current dispute between the Iraqi Kurds and the Iraqi government over the control of the Bakr oil terminal near Bazra. At present it’s illegal for the Kurds to export their own oil. Eighty-five percent of Iraqi oil is processed at the Bakr oil terminal and Iraqi Kurdistan on receives 17% of this revenue.

165.00 – 190.00

Part 8 is about the Seven Sisters exploitation of Mexican and Venezuelan oil prior to the election of Hugo Chavez as president. It also summarizes that status of the countries (Saudi Arabia, Russia, Iran, Venezuela, Brazil, and Malaysia) that have nationalized their oil industry. At present these countries control one-third of oil and gas production, and more than one-third of oil reserves. Despite their role in instigating western military aggression, the influence of the Seven Sisters continues to declines.

At present they control 10% of oil production and only 3% of oil reserves. Their monopoly on exploration, drilling and refining technology gives them disproportionate control over the industry.


*Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela