"Gods of Money" traces the pernicious quest of international bankers to dominate the United States of America and, in turn, contextualizes how they came to exert so much control over countries the world-over in this era of `free markets'. Its author, F. William Engdahl, explores the power relations that have deepened between key insiders from Wall Street's banks, US industrial corporations and the United States government since the `American Civil War'. It is a history of an American oligarchy, its secret alliances, and the economic and military warfare, covert acts of terror and propaganda they have manufactured to augment their extreme wealth and outsized power. Through his well-weaved narrative, Engdahl shows how an imperial worldview binds the logic of the American plutocracy to their British counterparts, who play a subordinate role. He argues that the British plutocracy conspired to make war against Germany, in what became World War I, because Germany's industrial strength threatened the waning British Empire. Their American peers saw the opportunity for world domination by financing and supplying the `Allied Powers'. "Gods of Money" draws on excellent scholarly work to disclose that the Wall Street banking cartel also deliberately financed the Nazis. Furthermore, Engdahl argues that some of America's leading industrial corporations supplied the fascist regime with patents, technologies and materials in order to ultimately gain from the destruction of the Third Reich's war machine.
The book's subtitle, "Wall Street and the Death of the American Century", suggests that the oligarchs behind the name `Wall Street' have over-reached in their imperial quest to expand the American Empire's `free markets'. Engdahl draws on discourses of key insiders from the North Atlantic capitalist class to reveal how they pursued a strategy in the early 1970s to once again transform the world, in response to external crises that emerged in the late 1960s and early 1970s. Under the rubric of their media-propagandized `free market' ideology, he argues that the Anglo-American oligarchy and loyal elites liberalized financial systems around the world through coercive means, first by `unpegging' the world's `reserve currency' - the US dollar - from a stable `gold standard' value. According to Engdahl, the Washington-Wall Street-City of London plutocracy engineered the oil shocks of the 1970s, and amid the resultant high inflation and economic sabotage, the Wall Street-owned Federal Reserve spiked up interest rates in 1979 in order to further weaken countries indebted to the international bankers. The resulting world debt crisis strengthened Wall Street's position to impose its policies around the globe.
"Gods of Money" shows that today's Washington-Wall Street-City of London plutocracy continues to prey upon the world through a global banking cartel (that has evidently been more than a century in the making). It is, therefore, truly ironic to consider that in today's `free market' era, the world's most callous centralized planners hark not from communist or fascist regimes of the 20th Century, but rather from the capitalist plutocracies of Britain and America. Indeed, the author convincingly traces the familial, fraternal and institutional linkages between the current Anglo-American plutocracy and their forebears, who planned two global wars (among other horrors). Small wonder then, that it remains a vital propagandist project to key insiders that Wall Street's secret history remains that way. As such, "Gods of Money" is a valuable antidote to the universal TV news understanding of the world.
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Top reviews from other countries
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- regReviewed in Australia on November 18, 2019
Knowing who the "Gods of Money" are depends on knowing more than you know now
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Louis CoursierReviewed in France on June 27, 2014
Absolument indispensable : à quand la traduction???
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