Experience has taught me to be wary of conspiracy theories, but many of my comrades on the Left can’t get enough of the damn things. Even when it’s quite plain what is going on, they must look for a hidden agenda, or a grand, over-arching scheme outlined in a Goldmann Sachs memo.
CounterPunch and AlterNet have both posted an article by Ellen Brown, in which she writes:
- In his August 22nd article, Greg Palast posted a screenshot of a 1997 memo from Timothy Geithner, then Assistant Secretary of International Affairs under Robert Rubin, to Larry Summers, then Deputy Secretary of the Treasury. Geithner referred in the memo to the “end-game of WTO financial services negotiations” and urged Summers to touch base with the CEOs of Goldman Sachs, Merrill Lynch, Bank of America, Citibank, and Chase Manhattan Bank, for whom private phone numbers were provided.
The game then in play was the deregulation of banks so that they could gamble in the lucrative new field of derivatives. To pull this off required, first, the repeal of Glass-Steagall, the 1933 Act that imposed a firewall between investment banking and depository banking in order to protect depositors’ funds from bank gambling. But the plan required more than just deregulating US banks. Banking controls had to be eliminated globally so that money would not flee to nations with safer banking laws.
Brown then goes on to tell how the U.S. pressured countries around the world to loosen their banking regulations. Most eventually gave in, but there were some hold-outs, one of which happened to be Syria. Brown’s article implies that this is what is behind Obama’s recent call for an intervention in Syria. I don’t buy it. I’m expected to believe that Obama waited two and a half years for Assad to gas his own people* so he could finally carry out Timothy Geither’s master plan? If Syria were that important to Obama, he would have found (or invented) some excuse for intervention before now. The fact that Geithner wrote something in a memo sixteen years ago doesn’t mean that must be the reason why the government is doing something right now. (*I know there are some who claim that a rebel group did the gassing, but in these situations the burden of proof is always on the conspiracy theorists. Unless I see some hard evidence indicating otherwise, I’m going to assume it was Assad who did it.)
Brown also writes:
- These seven countries were named by U.S. General Wesley Clark (Ret.) in a 2007 “Democracy Now” interview as the new “rogue states” being targeted for take down after September 11, 2001. He said that about 10 days after 9-11, he was told by a general that the decision had been made to go to war with Iraq. Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.
Again, this doesn’t prove anything. Just because somebody said something to Wesley Clark in 2001, it doesn’t necessarily follow that that is the reason why Obama is doing something today.
There are valid arguments that can be made against what Obama is proposing to do. We don’t need to confuse matters by putting forth dubious conspiracy theories.