Monday, September 29, 2008

Will the Stock Market Meltdown Give Rise to Antisemitism?

I barely gave it a thought until a few minutes ago. I thought that this kind of low life antisemitism has gone with the Nazis in 1945. But no, a crappy company's stock value plunges and here's how someone comments on Yahoo Message Board for the company CIT:
GETTING A S S RAPED!!!!!!!!!!!
WHAT THE F U C K?!?!? THEY ARE ABSOLUTELY KILLING US HERE! UN F U C K I N G BELIEVABLE!!!I'M GETTING A S S RAPED!! WHY THE F U C K IS THIS POS DROPPING SO DAMN MUCH??? NO VOLUME EITHER! NOW GOING INTO THE $5.00's!!!GUESS I'LL JUST WAIT FOR THE VOTE, NOTHING LEFT TO LOSE!!F U C K THIS MARKET AND ALL THE GOD D A M N JEWS THAT A S S RAPED US ALL!!!!!!!


So here's the deal; That company truly sucks. Their stock is apparently worthless and has dropped 20% this morning. So what?! Other companies, good ones, who are swimming in cash and have contracts 10 years from now, and are buying back stock are plunging an average of 10% as well - like Foster Wheeler and Joy Global - so what? Panic entices people to show their true faces. It is what it is, an opportunity for horrible anti-Semites to show their nature. To find someone to pick on - "Those Jews". Nazi propaganda on financial discussion board - I just didn't see it coming. Will this "trend" become more vocal as more and more people feel the pain? The old-age stereotype of banker Jews controlling the world raising it's ugly head again?

There is a direct connection between the collapse in 1929, the depression, and the rise of the Nazis. The global economy collapsed and the masses turned in despair to the preachers of hate. We are facing a financial catastrophe of epic proportions, and yes - it could definitely happen again. Reading that piece of garbage this morning gave me a rude awakening.

10/2/2008 Update:
I'm not the only one who noticed this:
ADL Reports Surge in Anti-Semitic Messages on Online Finance Sites in Response To Money Crisis
New York, NY, October 2, 2008 … In the wake of the collapse of major investment banks and the government's proposed bailout of financial institutions, the Anti-Defamation League (ADL) is reporting a dramatic upsurge in the number of anti-Semitic statements being posted to Internet discussion boards devoted to finance and the economy.



Hundreds of anti-Semitic posts regarding Lehman Brothers and other institutions affected by the subprime mortgage crisis have been submitted to discussion boards dealing with finance, with many more arriving by the minute. The messages rail against Jews in general, with some charging that Jews control the government and finance as part of a "Jew world order" and therefore are to blame for the economic turmoil.



Anti-Jewish invective also has surfaced on a wide variety of blogs and conspiracy Web sites, according to ADL, which monitors anti-Semitism on the Internet through its Center on Extremism. And similar messages have also appeared on neo-Nazi and white supremacist Web sites and Internet forums, which frequently seek to exploit current issues in an effort to spread anti-Semitism to potential recruits.



"We know from modern history that whenever there is a downturn in the global economy, there will be an upturn in the level of anti-Semitism and bigotry, and that is what we are seeing now," said Abraham H. Foxman, ADL National Director. "The age-old canards about Jews and money are always just beneath the surface. As we witnessed after 9/11, whenever there is trouble or uncertainty in the economy or world events, Jews become the scapegoats, and ugly anti-Semitic canards are given new life."



Examples of some of the more virulent anti-Semitic posts to mainstream Finance message boards include:



* "(Jews have) infiltrated Wall Street and Government and have ruined our country."
* "What is a GS Jew? Goldman Sachs? Jews are greedy, rotten slime balls."
* They (Jews) love money nothing else, no faith or religion can be so heartless to their victims."
* That's how they work they short the stock all the way making billions and then cover right it up sell and then taxpayers to the rescue and it is true all those institutions are ran by Jews …."

Read it all!

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