A June 26, 2012 program on Iran's English-language Press TV on the ailing housing market in the U.S. and the wave of mortgage foreclosures in the country featured Holocaust denier Joachim Martillo, presented as a "financial analyst," blaming the Jews for the American and global economic crisis. In the program, which was also posted on YouTube, Martillo claimed that there was a conspiracy on Wall Street, and that the financial apparatuses for securitizing mortgages, which ultimately led to the sub-prime crisis, were the handiwork of "a rising class of Eastern European Jewish bankers" that had supplanted "the older German-American Jewish bankers on Wall Street" and was looting Arab oil money. He added that "there is an intimate connection between the collapse of the financial system both in the U.S. and worldwide, and U.S. international policy and its manipulation by a class of hyper-wealthy Jewish Zionists."
This is not the first time Martillo has leveled accusations against Jews. Previously, in a 2007 article titled "Holoexaleipsis, Holocaust, Holosphage and Holodomor," he wrote: "...Much of the mass murder of Jews during WWII was unjustified, but a very understandable reaction to, or collective revenge on, Jews for the part that a very large segment of the Eastern European and Russian Jewish population played in the commission of Soviet mass murder and atrocities." He also has praised Osama bin Laden, writing in a recent blog entry under his Twitter name ThorsProvoni: "Bin Laden was an organizer, who managed to transform some of 'Abdallah 'Azzam's innovative ideas about the nature of communal and individual obligations into a movement to undertake armed actions against the U.S.A."
Following are excerpts from Martillo's statements on the Press TV show:
Ethnic Manipulation, Corruption, and Conspiracy on Wall Street
Joachim Martillo: "[...] 90% of the people that were convicted of fraud with regard to the S&L meltdown were Jewish. Now, I have worked in Wall Street, I do consulting there. I am always asked whether I am Jewish, so I can take part in the social networks on Wall Street, and whether I can share insider info and help protect other people, and basically exchange critical information that could be extremely valuable.
"We have these vast, essentially ethnic networks on Wall Street. They have been there for a long time. People have written articles about them, but we are not allowed to talk about them."
"Well, guess what – the people that Obama brought into his administration to deal with the crisis were people like Larry Summers and [Peter] Orszag, and it goes on and on if you look at the names, people who belong to these social networks. And they protected themselves, because if anything, the percent that should have gone to jail was higher than the 90% that we saw in the S&L meltdown. But these people were all shielding one another, and therefore, they are protected, and it is quite possible that they will get away with it totally.
"So we have to start looking at the ethnic manipulation, the corruption, and conspiracy on Wall Street in a serious way." [...]
Mortgage Instruments Are a Means to Loot Arab Oil Money for the Benefit of Eastern European Jewish Bankers
"This is not real capitalism, this is crony capitalism, and we have to understand how this whole mortgage construction developed.
"What was the big event of the 1970s? That was the Arab oil embargo, which sent up the prices of oil, and basically gave your Arab oil countries a great deal more money to invest in the U.S.
"These financial instruments for securitizing mortgages were used, essentially, as a way to bring Arab oil money into the U.S. as investments and, essentially, loot it for the private gain of a rising class of Eastern European Jewish bankers.
"They basically supplanted the older German-American Jewish bankers on Wall Street. So there was sort of an inner conflict on Wall Street."
"Once this took place, you saw Wall Street policy – if you can talk of that – being directed to the benefit of serving an international Zionist class, and I know this all sounds like conspiracy theory; but why not? There have been conspiracies on Wall Street since the 19th century."
"There is an intimate connection between the collapse of the financial system both in the United States and worldwide and U.S. international policy and its manipulation by a class of hyper-wealthy Jewish Zionists." [...]