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MIND HAT EXCLUSIVE

EDWARD AYOUB'S WARNING ABOUT THE EXCESSIVE CONCENTRATION OF FINANCIAL AND COMMERCIAL POWERS OF BANKS – REVISITED

OPINION  BACK NEXT

EDITORIAL

THE NEXT WAR

© 2001 Macroknow Inc. All Rights Reserved.

"Is there a single word such that one could practice it throughout one’s life?" Zigong asked Confucius. Confucius' answer: "Reciprocity perhaps? Do not inflict on others what you yourself would not wish done to you."1 What did Confucius mean? He meant this: good begets good, and evil begets evil.

Now, listen carefully to Osama Bin Laden’s words on October 7, 2001: "And to America, I say to it and to its people this: I swear by God the Great, America will never dream nor those who live in America will never taste security and safety unless we feel security and safety in our land and in Palestine."2

Bin Laden may be the most hated man in America, but his message is a simple application of the law of reciprocity (albeit with an emphasis on evil begets evil). If Arabs are not secure and safe in their land -- if Palestinians are not secure and safe in Palestine --, then those who are causing this state of affairs will also be insecure and unsafe in their own land. Like it or not, millions of Arabs who abhor terrorism believe that the lack of Arab security and safety – physical, political, and economic – will recoil back on the perpetrators.

Western governments may destroy Bin Laden, but they better heed Confucius’ advice, or they will suffer a nasty war – not in Afghanistan, but right here in North America. Reality has often been filled with terror; unfortunately, it can be filled with even more terror. The little Palestinian boy you see on TV stoning Israeli tanks -- because his home was demolished or stolen, because his father cannot make a living, because his family has been oppressed for more than fifty years by foreign occupiers, because his brother was killed by weapons made in America, because justice has been maliciously perverted in God's land, etc. -- may be the one who will activate, ten or twenty years from now, the nuclear or biological device that will obliterate New York or Washington.

But angry Arab youths are not my concern here. Right now I am concerned about the many millions of people in North America and around the world who are a few paychecks away from ruin. I am concerned about what they may do if the noose is squeezed on them.

The asymmetries in the "rule of law" which favor lenders over borrowers can no longer be concealed from the masses -- the monstrous global public and private debts make this impossible. If the noose is squeezed by global lenders,3 then millions of debtors around the world will not only demand reciprocity, they will declare all unfair contracts void ab initio -- and Capitalism will collapse spontaneously.4

The rebellions in Seattle, Washington, Quebec City, Gothenburg, and Genoa against the "usury elite" and the globalization agenda are a potent sign of things to come. So far, the rebellious spirits have been sprayed with tear gas and summarily dismissed. The focus of people's consciousness has been successfully shifted to Afghanistan -- and other countries that "harbor terrorists." But governments ignore or mask the plights of millions of debtors at their own risk.

The September 11 attack on the World Trade Center and on the Pentagon showed how vulnerable America can be. It showed how a few "religious students" armed with a belief in their ability to "strike terror into the enemy of God"5 can wreak havoc upon the most powerful country in the world. Most important, it demonstrated the power of the Koranic scripture (and its biblical homologue, Leviticus 26:7-8): "Prophet, rouse the faithful to arms. If there are twenty steadfast men among you, they shall vanquish two hundred; and if there are a hundred, they shall rout a thousand unbelievers, for they are devoid of understanding."6

My advice to G8 governments, the International Monetary Fund, The World Bank Group, the World Trade Organization, and multinationals, if they want to avoid the next war, is simple: Remove the net advantages of lenders over borrowers in the "rule of law" -- or the next war may move to our own backyard.

Dr. Edward E. Ayoub    


1 Confucius. The Analects. Translated with an Introduction and Notes by Raymond Dawson. Translation, Editorial material, Raymond Dawson, 1993. Oxford, UK: Oxford University Press, [15:24].

2 Osama Bin Laden: America 'filled with fear', transcript of Bin Laden's translated statement, Cable New Network LP, LLLP, October 7, 2001, http://www.cnn.com/2001/WORLD/asiapcf/central/10/07/
ret.binladen.transcript
. Bin Laden's speech was first broadcast on the al Jazeera network in Qatar.

3 The September 11 attack appears to have foiled an attempt by legislators to pass a bill that would have increased the advantages of lenders over consumers. See Riva D. Atlas, Bill to Alter Bankruptcy Seems to Stall, The New York Times on the Web, Business, New York, NY, October 9, 2001, http://www.nytimes.com/2001/10/19/business/19DEBT.html.

4 Edward E. Ayoub, The High Noon of Capitalism: The Overthrow of the Advantages of Lenders Over Borrowers in the 'Rule of Law,' Mind Hat, September 27, 2001.

5 The expression "strike terror into the enemy of God" is taken from The Spoils in The Koran. The Koran. Translated, with Notes, by N.J. Dawood, 1993. London, England: Penguin Books Ltd., p. 131.

6 The Spoils, verse 8:65, ibid., pp. 131-132. Note that this Koranic verse is the homologue of Leviticus 26:7-8: "And ye shall chase your enemies, and they shall fall before you by the sword. And five of you shall chase an hundred, and an hundred of you shall put ten thousand to flight: and your enemies shall fall before you by the sword."

Posted November 16, 2001. 
Updated January 10, 2002.

 

 

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