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THE CRASH OF '79!--BY FATHER DAVID       11 JAN., 1979       GP 762
--A BOOK REVIEW OF PAUL ERDMAN'S PREDICTIONS OF OUR TUMBLING WORLD ECONOMY! (SPHERE BOOKS, LTD., LONDON, 1977.)

       1. THE BOOK IS BASICALLY A HISTORICAL NOVEL BASED ON ACTUAL POLITICAL & ECONOMIC FACTS, OF WHICH HE SEEMS TO BE VERY WELL AWARE, & ENDING WITH THEIR PROBABLE CONSEQUENCES IN THE VERY NEAR FUTURE!--IN FACT, HE PLACES THE END IN THIS YEAR OF 1979, ALTHOUGH HE IS APPARENTLY ACTUALLY WRITING THE BOOK SEVERAL YEARS PREVIOUSLY, AS IT WAS FIRST COPYRIGHTED IN 1976.

       2. HIS FACTS, FIGURES & DOCUMENTATION ARE EXTREMELY THOROUGH, & HIS PREDICTION OF A DECLINING DOLLAR, STOCK MARKET & GENERAL ECONOMY ARE AMAZINGLY ACCURATE, ALTHOUGH THE WHOLE SITUATION HAS ACTUALLY DETERIORATED MUCH MORE RAPIDLY THAN EVEN HE FORESAW. FOR EXAMPLE, WHEREAS HE SAW THE DOLLAR DECLINING BY MARCH 1979 TO 3 SWISS FRANCS TO THE DOLLAR, ACTUALLY BY ONLY JULY OF 1978, THE DOLLAR HAD ALREADY DECLINED TO ONLY 1 1/2 SWISS FRANCS TO THE DOLLAR INSTEAD OF 3!

       3. BY MID-1978 THE ACTUAL DOLLAR DECLINE WAS ALREADY TWICE THAT WHICH HE PREDICTED FOR MARCH 1979, & THEREFORE HAD DECLINED DOUBLY AS FAST AS HE HAD EXPECTED! HE ALSO SAW THE DOLLAR DOWN TO 260 YEN BY MARCH '79, WHEREAS IT HAS ALREADY BEEN DOWN TO ONLY 180-SOME YEN BY MID-'78! SO HIS PREDICTIONS OF THE DOLLAR'S NOSEDIVE WERE NOT EVEN AS SHOCKING AS ITS ACTUAL DRASTIC DROP OF 1978--A YEAR EARLIER THAN HE HAD EXPECTED--TWICE AS FAST AS HE'D EXPECTED & TWICE AS MUCH!

       4. HIS STOCK MARKET PREDICTIONS FOR MARCH 1979 HAD ALREADY REACHED THOSE LOWS BY MID-1978, SO WE'RE RIGHT NOW HURTLING MUCH FASTER TOWARDS THE CRASH OF THE END OF OUR PRESENT ECONOMY THAN EVEN HE EXPECTED!--SO THE POLITICAL EVENTS WHICH HE PREDICTED MAY ALSO COME SOONER THAN HE EXPECTED!--AND THEY MAY BE EVEN MORE DRAMATIC THAN HE ANTICIPATED!

       5. THE BOOK IS BASICALLY A HISTORICAL NOVEL, A DRAMATIC FICTIONAL STORY BASED ON ACTUAL FACTS & FIGURES & HISTORICAL EVENTS & PLACES WITH WHICH HE IS OBVIOUSLY FAMILIAR, & SOME OF WHICH ARE ALREADY KNOW TO ALL OF US; HIS PRINCIPAL THEME IS HOW OUR FRAGILE WORLD ECONOMY--BASED ON SUCH UNCERTAINTIES AS MONEY & OIL--CAN BE SO EASILY UNBALANCED & FALL INTO DISASTER, AS IT IS PRESENTLY ALREADY DOING!

       6. HE CALLS '79 "THE YEAR THE WORLD FELL A PART!" & INDICATES THAT HE'S THANKFUL TO BE LIVING IN THE MILD CLIMATE OF CALIFORNIA WHERE THEY'RE AT LEAST NOT STARVING & FREEZING TO DEATH LIKE IN SO MANY OTHER PARTS OF THE WORLD WHEN THE CRASH CAME--WHEN PEOPLE WERE BOTH WITHOUT MONEY & OIL! HE SAYS:

       7. "MANY LATTER-DAY SAINTS BELIEVED THAT THE CRASH CAME BECAUSE OF THE WRATH OF GOD ON A WORLD IN GENERAL & AMERICA IN PARTICULAR, HELL-BENT ON THE PURSUIT OF PLEASURE & MONEY!" BUT HE ALSO CLAIMS THAT IT MIGHT NOT HAVE HAPPENED IF IT HADN'T BEEN FOR THE "DUPLICITY OF THE WORLD'S BANKERS, SELFISH STUPIDITY OF THE EUROPEANS, DECEPTION OF THE RUSSIANS, GREED OF THE SWISS & THE TOTAL INCOMPETENCE OF THE LAST 3 MEN TO OCCUPY THE WHITE HOUSE, ESPECIALLY THE FOOL WHO FINISHED OFF OUR COUNTRY PRESIDING OVER THE CRASH OF '79!

       8. "THE TRUTH IS THAT WE, OUR GENERATION, MANAGED TO RUIN OUR WORLD SO COMPLETELY THAT WE HAVE NO LEGACY TO LEAVE OUR CHILDREN & GRANDCHILDREN BUT POVERTY & DISORDER!" OF COURSE, YOU & I WHO BELIEVE THE BIBLE HAVE KNOW THAT THIS CRASH HAS BEEN COMING FOR SOME TIME, & THAT OUT OF ITS RUINS & ASHES WILL ARISE THE PHOENIX OF THE ANTICHRIST FROM MEMPHIS, EGYPT ITSELF, AS THE PSEUDO-SAVIOR OF THE WORLD, BEFORE CHRIST COMES BACK & DESTROYS HIM & RESTORES PEACE & PROSPERITY. BUT HIS BOOK DOES NOT ANTICIPATE EVENTS THAT FAR AHEAD, OR WHAT IS TO FOLLOW THE CRASH, OR OFFER ANY HOPE OF THE FUTURE. (SEE OUR LETTERS NOS. H, 214A, 243, 276, 277, 281, 289, 294, 305, 310, 321, 327, 333, 335A, 343, 346, 373, 396, 558, 596, ETC.)

       9. THE THEORETICAL THEME OF THE BOOK IS A DEFENSIVE ALLIANCE BETWEEN THE U.S. FINANCIAL GIANT & SAUDIA ARABIA--THE WORLD'S GREATEST OIL PRODUCER. HE THEORIZES THIS COULD HAVE PREVENTED THE CRASH BY ASSURING THE WORLD--& PARTICULARLY THE WESTERN WORLD--ESPECIALLY THE U.S.--AN ABUNDANT SUPPLY OF BOTH OIL & MONEY.

       10. HE HAS THE SHAH OF IRAN AS THE ARCH-VILAIN WHO BRINGS ABOUT THIS DISASTER BY AN ATOMIC HOLOCAUST IN THE MID-EAST WHICH DESTROYS THE WORLD'S GREATEST OIL FIELDS AROUND THE PERSIAN GULF IN AN ATTEMPT TO REVIVE THE ANCIENT PERSIAN EMPIRE WITH HIMSELF AS EMPEROR OF THE ENTIRE MID-EAST.

       11. HE SEEMS TO THINK A U.S. ALLIANCE WITH THE SAUDIS WOULD BE MUCH MORE PRACTICAL & SECURE THAN AMERICA'S PRESENT ALLIANCE WITH THE SHAH OF IRAN.--AND SUCH AN OIL & FINANCIAL ALLIANCE WITH THE SAUDIS CERTAINLY SEEMS FAR MORE REASONABLE AT THE PRESENT MOMENT THAN THE PRESENTLY SHAKIER REGIME OF THE DECLINING SHAH!--???

       12. IN A LAST-DITCH ATTEMPT TO SAVE HIMSELF THE SHAH MAY YET GO TO SUCH EXTREMES BY PRECIPITATING A MID-EAST WAR WHICH COULD END IN SUCH A HOLOCAUST, THE WAY THINGS ARE GOING IN IRAN. MANY DICTATORS HAVE ATTEMPTED TO SAVE THEMSELVES AT THE LAST MOMENT FROM THEIR OWN DOMESTIC TROUBLES & INTERNAL PROBLEMS BY CREATING AN EXTERNAL WAR WITH THEIR SUPPOSED ENEMIES, TO TAKE THE PEOPLE'S MINDS OFF THEIR INTERNAL DIFFICULTIES BY PERSUADING THEM TO JUMP OUT OF THE FRYING PAN INTO THE FIRE!

       13. THE LORD SHOWED US PERSONALLY IN A DREAM SOMETIME AGO THAT THE SHAH WAS LOSING IRAN--WHICH IS NOW QUITE EVIDENT BY THE LATEST NEWS--A DREAM WHICH I CALLED "THE SHAH'S LAST RESORT"--BUT HE MAY YET ATTEMPT A "LAST RESORT" TO VIOLENCE TO SAVE HIMSELF & HIS REGIME BY PLUNGING THE ENTIRE MID-EAST INTO A DISASTROUS WAR!--ALTHOUGH IT LOOKS LIKE IT MAY BE ALREADY TOO LATE EVEN FOR THAT TO SAVE HIM, AS THE RED RADICALS & RELIGIOUS FANATICS SEEM DETERMINED TO TOPPLE HIS THRONE--OR THE PEOPLE THEMSELVES!

       14. IT LOOKS LIKE THE COMRADES MAY HAVE ALREADY BEAT HIM TO THE PUNCH TO PREVENT HIS TAKEOVER OF THE MID-EAST & ITS OIL. MAYBE THEY EVEN READ THE BOOK, THE CRASH OF '79, & DECIDED TO PREVENT THE SHAH FROM BECOMING THE EMPEROR OF THE MID-EAST!

       15. THROUGHOUT THE ENTIRE BOOK RUNS A SUBTLE THREAD OF PRO-ISRAEL [DELETED] PROPAGANDA, WITH ISRAEL COMING OUT VICTORIOUS AGAINST THE SHAH, WITH THE HELP OF THE AMERICANS & WESTERN EUROPE, OF COURSE. THE HEROINE OF THE BOOK IS A JEWESS HERSELF, & IT IS HER FATHER WHO HELPS TO BRING ABOUT THE SHAH'S DOWNFALL, & IT IS WITH HER THAT THE HERO OF THE BOOK FALLS IN LOVE, ALTHOUGH HE HIMSELF & SOME OF HIS CHARACTERS OFTEN SEEM NOT TOO FOND OF EITHER THE JEWS NOR ISRAEL--A VERY CLEVER RUSE TO DISGUISE THE BOOK'S TRUE PRO-JEWISH SENTIMENTS!

       16. THE AUTHOR GIVES HIS HERO THE NAME "WILLIAM HITCHCOCK," & IT IS BY HIM THAT THE WHOLE STORY IS TOLD IN THE FIRST PERSON. BUT FOR ALL HIS WILD-WESTERN FINANCIAL SHENANIGANS, HIS NAME COULD VERY EASILY HAVE BEEN "WILD BILL HICKCOCK," THE FAMOUS WESTERN GUNSLINGER WHO WAS STILL ALIVE WHEN MY MOTHER WAS A GIRL & WHO TRAVELLED WITH MY GRANDFATHER'S ROAD SHOW CHATAUQUA!

       17. THIS AMERICAN FINANCIAL WIZARD IS APPOINTED FINANCIAL ADVISOR OF SAUDI BILLIONS--& EVENTUALLY THEIR OIL AS WELL! HE IS SET UP IN SPLENDOR IN THEIR CAPITAL CITY OF RIYADH, BUT SOON FINDS IT'S A JOB WITHOUT WINE OR WOMEN & CERTAINLY VERY LITTLE TO SING ABOUT! SO HE CLEVERLY MANAGES TO SPEND MOST OF HIS TIME ELSEWHERE IN TRUE AMERICAN FASHION WHERE THESE PLEASURES ABOUND--PRINCIPALLY SWITZERLAND, NEW YORK & CALIFORNIA.

       18. BY HIS AMERICAN FINANCIAL KNOW-HOW HE SOON SAVES THE SAUDIS QUITE A BUNDLE OF BILLIONS, & THUS INGRATIATES HIMSELF EVEN MORE DEEPLY IN THEIR FAVOUR. BUT HE ALSO DISCOVERS A DANGEROUS RIVALRY IN THE ROYAL FAMILY BETWEEN KING FAUD, DEAD KING FAISAL'S BROTHER, & FAISAL'S RADICAL YOUNG SON ABDULLA, LEADER OF THE PROGRESSIVE INTELLECTUAL REVOLUTIONARIES OF SAUDI ARABIA, ALONG WITH THEIR PALESTINIAN, IRAQIAN & YEMENI ALLIES, BACKED BY WHO ELSE?--GODAHFI!

       19. CHAPTER 5 GIVES A VERY INTERESTING HISTORICAL RUN DOWN ON THE BACKGROUND OF THE SHAH & IRAN--DETAILED, FACTUAL & FASCINATING--ON HOW HE CAME TO BE A GOOD FRIEND OF THE U.S., & THE U.S. A GOOD FRIEND OF HIS--MOSTLY THROUGH HIS OIL & HIS MONEY & THEIR ARMS. THE SHAH'S ADVISOR ASSURES HIM THAT ALL WESTERNERS ARE VERY GREEDY, ESPECIALLY AMERICANS & THE SWISS--& THEREFORE WILL DO ANYTHING FOR MONEY.

       20. THE AUTHOR DISLIKES EUROPEANS--THE SWISS ABOVE ALL--& HE GIVES THE BACKGROUND WHY AMERICANS & SWISS DISLIKE EACH OTHER, RUNNING BACK TO WW II BECAUSE OF THE SUPPOSED COLLABORATION OF THE NEUTRAL SWISS WITH THE GERMANS. THIS DISLIKE BECOMES A VENGEFUL HATRED BY THE AMERICANS, BECAUSE OF THIS WAR GRUDGE & SWITZERLAND'S DEFIANCE OF AMERICAN TAX AUTHORITIES WITH HER BANK SECRECY.

       21. THE HERO MEETS HIS JEWISH HEROINE, URSULA, IN A SWISS BAR, & SHE SATISFIES HIS SEXUAL NEED BY SUCKING HIM OFF IN HIS HOTEL ROOM IN TEN SECONDS FOR A $20,000 DONATION TO HER FAVORITE JEWISH REFUGEE RELIEF FUND, & THUS BEGINS THE ROMANCE! THEY ARGUE FREQUENTLY ABOUT JEWS, RELIGION & ISRAEL, ALTHOUGH SHE IS NOW ACTUALLY OF SWISS NATIONALITY, HER FATHER BEING A SWISS NUCLEAR SCIENTIST WHO EVENTUALLY HELPS THEN THE SHAH MAKE HIS ATOM BOMBS WHICH DESTROY THE WORLD'S GREATEST OIL FIELDS--TO THE JOY OF ISRAEL--HAVING DESTROYED THE POWER OF THE ARABS!

       22. CHAPTER 8 GIVES A VERY INTERESTING HISTORICAL BACKGROUND OF SWITZERLAND & THE SWISS, & WHY HE [DELETED], DOES NOT LIKE THEM, BASED ON TYPICAL AMERICAN JEALOUSY & ENVY AT THE SWISS' GREAT STABILITY, PROSPERITY & SECURITY IN THE FACE OF AMERICA'S SHAKY FINANCIAL STATE & ERRATIC CHARACTER. HE EVEN RESENTS SWITZERLAND'S NEUTRAL PEACE & SECURITY THAT HAS ESCAPED THE HORRIBLE WARS AMERICA HIS INVOLVED HERSELF & THE WORLD IN.

       23. SO HE MAKES THE SWISS THE PRIMARY VILLAINS WHO MAKE THE SHAH'S VILLAINY POSSIBLE, BUT SOMEWHAT REDEEMS THEIR REPUTATION, NO DOUBT FOR URSULA'S SAKE, BY ALSO MAKING HER FATHER THE INSTRUMENT OF THE SHAH'S DESTRUCTION & THE SAVIOUR OF ISRAEL BY WIPING OUT ARAB OIL-POWER! FRANCE & GERMANY ARE ALSO VILLAINS WHO FAILED TO SAVE ISRAEL, SO THE AUTHOR [DELETED] IS CERTAINLY PRO-[EDITED: "ISRAEL"]!

       24. HE CONSTANTLY MAKES INSULTING SLURS AGAINST THE SWISS: "THE SWISS ARE VERY CONSISTENT IN THE PRACTICE OF HYPOCRISY"--THIS OF COURSE COMING FROM A VERY HYPOCRITICAL AMERICAN! DESPITE THE SWISS' BANKING GENIUS AND EXTREMELY STABLE CURRENCY & PROSPEROUS SOLID ECONOMY, HE BRAGS THAT AMERICAN BANKS RUN THE WORLD FROM NEW YORK--EVEN THOUGH THEY SEEM TO BE RUNNING THE WORLD INTO SERIOUS TROUBLE!

       25. AT LEAST HE HONESTLY DESCRIBES THE VERY SHAKY BANKING CONDITIONS OF AMERICA AS WELL AS THE BANKRUPT CONDITION OF ITS GOVERNMENT IN CHAPTER 10, THE ONLY SOLUTION FOR WHICH HE SEES IN SAUDI ARABIA'S MONEY & OIL. HE ALSO SHOWS HOW THE SHAH BOUGHT AMERICAN FRIENDSHIP WITH OIL & MONEY, & HE DESCRIBES THE FINANCIAL RIVALRIES BETWEEN THE U.S. & EUROPE.

       26. IN CHAPTER 11 HE PUTS HIS PRO-ISRAELI SYMPATHIES INTO THE MOUTH OF HIS HEROINE URSULA, BUT ADMITS THAT IF AMERICA HAD TO CHOOSE BETWEEN THE ARABS' OIL & MONEY & ISRAEL'S SECURITY, THEY WOULD PROBABLY OPT FOR THE FORMER. ALTHOUGH IT IS MY OPINION THAT THEY WOULD PREFER TO KILL THREE BIRDS WITH ONE STONE & SAVE ALL THREE BY ONE MILITARY MOVE IN THE MID-EAST.

       27. CHAPTER 13 OUTLINES HOW THE SAUDIS PROPOSE TO SAVE AMERICA FROM RUIN WITH THEIR OIL & MONEY. HE JOKINGLY ADMITS THAT IF THE SAUDIS WOULD EVEN SAVE NEW YORK, HALF THE JEWISH POLITICIANS THERE WOULD BE WILLING TO FACE MECCA WHEN THEY PRAYED!

       28. CHAPTER 14 ADMITS THE FUTURE OF THE CAPITALISTIC SYSTEM IS EXTREMELY PRECARIOUS & THAT BOTH PORTUGAL & ENGLAND HAVE ALREADY GONE DOWN THE DRAIN TO SOCIALISM, & IT IS POSSIBLE THAT AMERICA MIGHT FOLLOW, & HINTS THE CAPITALIST AMERICANS & SAUDIS SHOULD GET TOGETHER TO SAVE THE WORLD FROM SOCIALISM!

       29. CHAPTER 15 IS MORE INTERESTING FACTUAL BACKGROUND ON THE SHAH & IRAN, & WHAT HIS PLANS & HOPES WERE FOR IRAN, & HOW EASY IT WOULD BE FOR SUCH A MAN TO PRODUCE AN ATOM BOMB TO USE IN FURTHERING HIS PLANS WITH THE SECRET COOPERATION, OF COURSE, OF NONE OTHER THAN--IN HIS OPINION--THE VILLAINOUS SWISS! HE DESCRIBES A BRILLIANT SWISS SCIENTIST AS ENCASED IN WHAT HE CALLS A TRULY SWISS CHARACTER--BLAND, DULL & ABSOLUTELY APOLITICAL.

       30. TO HIM SWISS BANKERS ARE AMORAL BECAUSE THEY ARE WILLING TO HANDLE THE WORLD'S "DIRTY MONEY" (ALTHOUGH I WOULD SAY IT'S CERTAINLY NOT AS BLOODY AS AMERICA'S MONEY UPON WHOM, HE ADMITS, HALF THE WORLD DEPENDS FOR ITS WEAPONS OF WAR!) THEREFORE, HE SAYS, THE SWISS ARE THE MOST SUSPICIOUS, CLOSE-MOUTHED PEOPLE ON EARTH--WHICH I WOULD SAY IS MUCH BETTER THAN BEING AS GULLIBLE & LOUD-MOUTHED AS MOST AMERICANS!

       31. CHAPTER 17 IS A PICTURE OF THE CORPORATE CORRUPTION OF AMERICAN HIGH FINANCE: --HE SHOWS HOW FOUR, NOT "SEVEN SISTERS" OR SISTER CORPORATIONS, CONTROL THE WORLD'S OIL, & THEREFORE THE WORLD, & HOW THE SAUDIS PROPOSE, IN HIS BOOK TO UNITE WITH THEM TO PRESERVE THE WESTERN CAPITALISTIC SYSTEM, & GIVES A LOT OF INTERESTING STATISTICS ON OIL PRODUCTION & ITS TOTAL WORTH TO THE ARABS & ITS CONSUMPTION BY THE WEST.

       32. [DELETED] HE DESCRIBES GODAHFI AS THE GREATEST THREAT TO WORLD PEACE!--A NAME, HE SAYS, THAT STRIKES TERROR AMONGST CHRISTIANS, ARABS & JEWS ALIKE!--THE LIBYAN MANIAC WHO IS WRECKING THE WORLD WITH HIS OILS MONEY & HELPING THE REBELS OF SAUDI ARABIA AGAINST THEIR FEUDALISTIC RULERS!

       33. IN CHAPTER 19, HIS HERO BELIEVES THE DECLINE OF WESTERN CIVILISATION IS CAUSED BY DRY MARTINIS & VAGINAL DEODORANTS!--AN EXTREMELY CRYPTICAL DENOUEMENT WHICH I'M AFRAID YOU WILL HAVE TO EXPLAIN TO ME--UNLESS HE MEANS LIQUOR & SEX. HE ALSO ADMITS AMERICA HAS ONLY ONE FOUNDATION--MONEY--BUT WHICH IS ABOUT TO CRUMBLE, & HE WONDERS WHAT THE AVERAGE AMERICAN WILL DO WHEN HE BEGINS TO REALISE THAT BOTH TIME, MONEY & OIL ARE RUNNING OUT!

       34. HE ALSO ADMITS AMERICANS DON'T WANT TO KNOW THE TRUTH & DELIBERATELY BLIND THEMSELVES TO IT BECAUSE THEY CANNOT BEAR TO FACE FACTS. THE SHADY & DEVIOUS ECONOMIC POLICIES OF BOTH THE U.S. GOVERNMENT & ITS BANKS IS DESCRIBED, & HOW SHAKY THE ENTIRE U.S. BANKING SYSTEM IS: 25%-30% OF THE ASSETS OF THE TOP BANKS ARE ALREADY TOTAL LOSSES, BUT STILL LISTED AS ASSETS.

       35. BANKRUPT NEW YORK CITY & THE FAILURE OF SOME OF AMERICA'S GREATEST BANKS & CORPORATIONS HAVE STILL NOT AWAKENED AMERICA! NOT ONLY MAJOR CORPORATIONS & CITIES ARE FACING BANKRUPTCY, BUT ALSO THE FEDERAL GOVERNMENT! HE INDICATES THAT U.S. BANKING PRACTICES HAVE BECOMES SO DEVIOUS & SHADY THAT "EVERY BANKER HAS ONE FOOT IN JAIL!" (WE HEAR HE DID TIME THERE TOO!--THIS KIND OF HONESTY COULD DO IT!)

       36. THE BANKS OF AMERICA HAVE LOST BILLIONS ON BAD INVESTMENTS IN THE '70s--ON GOVERNMENT BONDS, REAL ESTATE, CORPORATIONS, SUPERTANKERS & 3RD WORLD LOANS, SO THAT THE MAJOR BANKS ARE ALREADY BROKE TWICE-OVER WITH TWICE AS MANY BAD DEBTS ON THEIR HANDS AS ACTUAL ASSETS! BUT THEY CAN COVER THIS UP FOREVER AS LONG AS NOBODY FINDS IT OUT, BY MERELY CONTINUING TO FINANCE WITHDRAWALS OF NEW DEPOSITS & LOANING BAD DEBTORS JUST ENOUGH MORE MONEY TO KEEP PAYING THEIR INTEREST.

       37. AMERICA HAS FOR YEARS BEEN VIOLATING THE GOLDEN RULES OF BANKING: LENDING SHORT, BORROWING LONG & SPREADING YOUR DEPOSITS. THEY HAVE BEEN DOING JUST THE OPPOSITE, UNTIL THEY ARE NOW ON THE VERGE OF COLLAPSE, ALONG WITH THE FEDERAL GOVERNMENT'S BANKRUPT ECONOMY BASED ON ITS BANKRUPT BANKS!

       38. A PASSING REMARK ADMITS THE THREE MAJOR AMERICAN TV NETWORKS ARE JEWISH [EDITED: "CONTROLLED"][DELETED]! BUT HE HORRIFIES JEWS BY HAVING ONE TOUGH TEXAS OIL MAN EXPRESS HIS HONEST FEELINGS WITH: "TO HELL WITH ISRAEL!--ISRAEL'S A BORE! THE SURVIVAL OF THE FOUR SISTERS OIL COMPANIES IS MORE IMPORTANT!"--TO THUS PREJUDICE YOU EVEN MORE AGAINST THE HEARTLESS GENTILES!

       39. HE HAS THE PRESIDENT OF THE U.S. GETTING RE-ELECTED ON THE PROMISE OF REDUCED GASOLINE PRICES--SHOWING THE TOTAL SELF-INTEREST OF THE AMERICAN PUBLIC. HE ALSO HAS THE AMERICAN PRESS MORE INTERESTED IN HOW THIS WOULD EFFECT ISRAEL[DELETED]!

       40. TO THE PENTAGON, THE SHAH IS THE GREAT STABILIZER OF THE MID-EAST, WHILE TO THE PRESIDENT OF THE U.S., "THOSE ISRAELIS GET ON MY NERVES!" [DELETED] BUT HE HAS A BIG AMERICAN BOOM OCCURRING WHEN HIS SALVATION-BY-THE-SAUDIS PLAN IS ANNOUNCED, WHILE THE U.S.-HATED EUROPEANS ARE INFURIATED & TURN TO GODAHFI, OPEC & ARAB RADICALS FOR THEIR SALVATION!

       41. "NO ONE TRUSTS YOU AMERICANS ANYMORE!" SAYS ONE EUROPEAN, & HIS AMERICAN HERO ANSWERS "NOBODY IN EUROPE EVER DID!"--& YOU CAN CERTAINLY UNDERSTAND FROM THIS BOOK WHY! AND THOUGH ONE OF HIS ECONOMISTS POINTS OUT THAT EVERY BUSINESS CYCLE DISCOVERED BY MAN HAS HEADED DOWNWARD, AMERICA'S NOW WITH THE HELP OF ARAB OIL & MONEY ACCORDING TO HIS SAUDI-SALVATION PLAN, SEEMS HEADED UPWARD.

       42. THE JEWISH HEROINE FINALLY BLASTS THE SHAH OF IRAN AS BEING AS BAD AS HITLER & FRANCO & AN ENEMY OF ISRAEL, & SHE CONDEMNS HER NUCLEAR FATHER FOR WORKING FOR HIM & HELPING HIM TO MAKE ATOM BOMBS! HOWEVER, HER FATHER PROMISES--(AND HEREIN LIES THE SUBTLY SUGGESTED SECRET SOLUTION & MOTIVE OF THE WHOLE BOOK!)--:

       43. WHEN HIS BOMBS ARE THROUGH WITH THEM, THE ARABS WILL NO LONGER POSSESS THE OIL FIELDS & WILL NO LONGER BE A THREAT TO ISRAEL! AS HE SAYS, "UNLESS THE ARABS ARE DEFEATED NOW, IT WILL BE TOO LATE!"--IN OTHER WORDS, WE MUST SAVE ISRAEL WITH THE DESTRUCTION OF THE REST OF THE WORLD!

       44. SUDDENLY THERE IS TROUBLE IN SAUDI ARABIA!--AN ATTEMPTED COUP BY THE RADICAL PRINCE ABDULLA, KING FAISAL'S SON, & THE SHAH TAKES THIS AS HIS OPPORTUNITY TO ATTACK. THIS, OF COURSE, UPSETS THE SAUDIS' PLANS TO SAVE AMERICA & ITS ECONOMY, & THE DOLLAR & STOCK MARKET TAKE ANOTHER NOSEDIVE! HOWEVER, OUR DEAR ECONOMIST GENIUS HERO OF THE BOOK, WILD BILL HITCHCOCK, HAS AGAIN BEAT THE SYSTEM TO THE DRAW, AS HE ALREADY HAD WIND OF WHAT WAS GOING TO HAPPEN & HAD SOLD HIS STOCKS & BOUGHT GOLD & REAL ESTATE!

       45. IN HIS '79, THE STOCK MARKET IS CRASHING FROM THE 900s TO THE 700s, WHICH IT HAD ALREADY DONE IN THE YEAR 1978, & THE PRICE OF GOLD IN HIS '79 CRASH HAS SKYROCKETED TO $160 AND OUNCE! HOWEVER, IT WAS ACTUALLY ALREADY THAT MUCH IN '77 & OVER $200 BY THE MIDDLE OF '78, & AT THE TURN OF '79 WAS PUSHING $240! SO THE CRASH IS ALREADY WELL AHEAD OF HIS SCHEDULE!

       46. "ARE THE ISRAELIS BEHIND THIS TROUBLE AS USUAL?" ASKS A SWISS BANKER--TO WHICH OUR FINANCIAL GENIUS REPLIES: "ISRAEL?--DON'T BE STUPID!--IN THIS GAME, ISRAEL DOESN'T EVEN HAVE THE STATUS OF A PAWN! IT'S COMPLETELY OUT OF IT!" WHEREAS ACTUALLY, IN THE STORY, HE HAS HIS JEWISH FRIENDS SETTLING THE WHOLE MATTER WITH THEIR ATOM BOMBING OF ARAB OIL FIELDS!

       47. THEN HE BRINGS THE SHAH TO SWITZERLAND FOR THE PREFACE TO THE GRANDE FINALE, "THE PERFECT BACKGROUND--TRANQUIL, NEUTRAL, CLEAN, MORAL SWITZERLAND.--THE PERFECT PLACE TO PLAN A WAR!"--ANOTHER AMERICAN SLAM AT THE SWISS!

       48. HIS SHAH SHARES GODAHFI'S VIEWS OF THE WORLD: "VIOLENTLY ANTI-SEMITIC, VIOLENTLY ANTI-AMERICAN! ... AND ALSO AN ENEMY OF IRAN!" AND [DELETED] HE HINTS THAT GODAHFI IS THE MAIN TROUBLEMAKER, & THAT HE & RELIGIOUS FANATICS LIKE GODAHFI & ABDULLA WILL "TELL THEIR PEOPLE TO READ THE KORAN & TEND THEIR GOATS OR GET SHOT!" [DELETED]

       49. HE THEN DESCRIBES THE DECEITFUL DIPLOMACY OF POWER POLITICS IN THE SHAH'S DEALINGS WITH VARIOUS DIPLOMATS IN CHAPTER 23, & HOW HE TRICKILY PREPARES THEM FOR HIS ATTACK ON IRAQ & SAUDI ARABIA.

       50. IN THE MIDST OF THIS POLITICAL & ECONOMIC TURMOIL EVERYBODY IS DUMPING THEIR DOLLARS & U.S. STOCKS & BONDS, ETC., & HE HINTS THAT THE U.S. MAY THREATEN "SEQUESTORSHIP"--A NICE WORD FOR THE FEDS' SEIZING OF ALL FOREIGN ASSETS IN THE U.S. TO PREVENT ITS TOTAL COLLAPSE BY THE WITHDRAWAL OF FOREIGN FUNDS--A THREAT TO BOTH EUROPE & THE ARABS. "YOU JEWS ARE ALL THE SAME!--TROUBLEMAKERS!--BUT NOT MUCH LONGER."--SAYS THE SHAH AS HE TELLS OUR COWBOY TO GET OUT & TAKE HIS JEWESS WITH HIM. BUT IS SEEMS THE BOOK FINALLY DIDN'T WORK OUT THAT WAY--ISRAEL WON!

       51. IN CHAPTER 24 THE SHAH ATTACKS & A FOUR-DAY WAR BEGINS--MARCH 19, 1979, WITH THE SHAH'S PRE-EMPTIVE SURPRISE STRIKE AGAINST THE IRAQIS, THE WHOLE OPERATIVE DIRECTED PERSONALLY BY HIM FROM A BUNKER, LIKE HITLER. THE WEST & AMERICA ARE COLLAPSING IN FINANCIAL PANIC! PUBLIC FAITH IN PUBLIC INSTITUTIONS IS NEAR ZERO! CITIES & STATES ARE VIRTUALLY PARALYSED & THE FEDERAL GOVERNMENT IS BANKRUPT!

       52. AMERICA, THE WORLD'S GREATEST ECONOMIC POWERHOUSE, FUELED BY ENERGY, IS NOW UNDER THE CONTROL OF FOREIGNERS WHO CONTROL THAT ENERGY! THIS HE VIEWS AS THE GREATEST OF ALL EVILS--THE ULTIMATE VULNERABILITY OF THE AMERICAN SYSTEM TO INTERNATIONAL FOREIGN CONTROL OF ENERGY & ITS OWN FINANCIAL MARKET--MEANING THE ARABS!

       53. WITH ARABS CUTTING THE OIL & WITHDRAWING THEIR BILLIONS, U.S. PANIC REIGNS! HIS OTHER ARCH-VILLAIN, EUROPE, IS ALSO DESERTING A SINKING AMERICA BY PULLING OUT THEIR FINANCIAL ASSETS TOO! HE ADMITS THAT THE EUROPEAN COMMUNITY HAD BEEN BUILDING UP A GROWING MISTRUST OF THE STABILITY OF THE AMERICAN FINANCIAL SYSTEM FOR YEARS, ALONG WITH THEIR MISTRUST OF THE AMERICAN DOLLAR, BUT THAT THE ULTIMATE TRIGGER OF IT ALL IS WAR--LEADING TO A GLOBAL ECONOMIC WARFARE!

       54. HE HINTS THAT IN THIS CRISIS THE U.S. SHOULD HAVE CONSULTED ISRAEL, & THE SECRETARY OF STATE ADMONISHES THE PRESIDENT TO "GET ISRAEL ON THE HOT LINE!"--TO WHICH THE PRESIDENT ANSWERS, "ISRAEL? WHY?--FORGET ISRAEL!" SO WITH ISRAEL FORGOTTEN, THE PRESIDENT PROCEEDS TO WORSEN THE CHAOS! PERHAPS ALL HIS TROUBLES COULD HAVE BEEN AVOIDED BY CONSULTING WITH BEGIN WHERE MOST OF THEM BEGAN!

       55. THEN SURPRISINGLY ENOUGH, OUR AUTHOR GIVES GODAHFI & THE LIBYANS PARTIAL CREDIT FOR HELPING TO SAVE SAUDI ARABIA FROM THE SHAH WITH PLANES!--EVEN EGYPT & JORDAN SEND REINFORCEMENTS TO THE SAUDIS, & SAUDI DAVID STOPS THE IRANIAN GOLIATH!

       56. WHEREFORE EVERYONE REJOICES UNTIL THEY DISCOVER THAT THE SHAH'S ATOM BOMBS--BUILT BY [EDITED: "ISRAELIS"] & THE SWISS--HAD RENDERED THE WORLD'S GREATEST OIL FIELDS TOTALLY USELESS FOR ANOTHER GENERATION WITH NUCLEAR CONTAMINATION!--THUS DESTROYING THE POWER OF THE ARABS & WRECKING THE ECONOMY OF THE WEST--ALL TO SAVE ISRAEL! HALLELUJAH! URSULA'S FATHER SADLY DIES A MARTYR IN THE BLAST, BUT OUR HERO COMFORTS HER: "HE PREFERRED IT THIS WAY.

       57. "IF THERE IS A WINNER IN THIS WHOLE MESS, IT IS ISRAEL!--THEY ARE NOW SAFE." BUT THEN TO COMFORT THOSE READERS WHO MIGHT THINK OUR AUTHOR IS ENTIRELY TOO PRO-ISRAEL, HE SUGGESTS THE QUESTION IN HIS LAST PAGE, THAT PERHAPS THIS TIME THE ISRAELIS HAD GONE TOO FAR IN UTTERLY DESTROYING THE WORLD'S BANKING SYSTEM WITH MONETARY CHAOS, & THE WHOLE WORLD FORCED TO SURVIVE ON ONLY HALF AS MUCH OIL!

       58. THE LIGHTS EVERYWHERE BEGIN GRADUALLY TO FLICKER & TO FADE WITHOUT THE OIL DESTROYED BY THE ISRAELIS! IT IS THE ISRAELIS WHO FINALLY HAD THE POWER TO THROTTLE THE WORLD'S OIL SUPPLY, NOT THE ARABS!--TO SAVE THEM FROM THE WICKED ARABS & THE WORLDLY WEST! (GENTLE HINT: SINCE IT HASN'T HAPPENED YET, MAYBE IT WOULD BE WORTH A TRY?!)

       59. SO THE CRASH OF '79 IS COMPLETE!--A COMPLETE MASTERPIECE OF [DELETED] PRO-ISRAELI PROPAGANDA!--THE MORAL: --THAT SURELY IT WOULD BE WORTH DESTROYING THE WHOLE WORLD TO SAVE ISRAEL!--END OF 360 PAGES OF ANTI-ARAB, ANTI-EUROPE, ANTI-SWISS, ANTI-AMERICAN, ANTI-WEST, [DELETED] PRO-ISRAEL PROPAGANDA--AND I SHOULD HAVE INCLUDED ANTI-WORLD--THE WHOLE IDEA BEING, "BETTER TO SAVE [EDITED: "ISRAEL"] THAN THE WHOLE WORLD!"

Copyright (c) 1998 by The Family

       

Copyright (c) 1998 by The Family