Latests:

Oct 27, 2010

It Gets Worse In Europe: Portuguese Budget Talks Break Down, As Country Follows Greece To The Brink

from Clusterstock:

Just hours after Greece erupted into bond-widening chaos yet again, Portugal has joined the fray.
Negotiations on the country's budget have collapsed when the opposition party, needed because the governing Socialists do not have an outright majority, backed out, according to Reuters.
The disagreement: how to cut spending.
The spread between the German bund and 10-year Portuguese sovereign debt has widened to 332, up 20 bps on the day.
CDS on the country's sovereign debt has spiked up 20 bps to 355 bps, according to Markit.
Join the conversation about this story »

Successful Chinese Strategy Of Protectionism, Mercatilism, Dirigism Goes Back To Alexander Hamilton and Henry Clay

Webster G. Tarpley
TARPLEY.net
October 27, 2010
The US should dump the failed Chicago-Austrian system of free trade, deregulation, and privatization, and return to the classic American System of political economy, meaning an updated New Deal. No Keynesians, Austrians, Chicago boys, or Marxists need apply. RT panel with Pepe Escobar, Michael Hudson, and Webster Tarpley.

CIA Ghost Bin Laden Threatens France on New Audio Tape

(I wonder how anyone cannot see what a ludicrous b/s this thing is. Especially worth of notice that Al-CIAda never mention Israel. Helloo?): 


WhatReallyHappened
From Activist Post:


Only a few days removed from Fox news announcing that 9/11 mastermind Al-Awlaki met with top Pentagon officials shortly after the attacks and double-agent American Al-Qaeda spokesman Adam Gadahn releases a video calling for more attacks in the U.S., Bin Laden surfaces yet again via high-tech audio tape to threaten to kill French citizens for there support of the Afghan war. The Associated Press reported today:


CAIRO — Al-Jazeera television reports that it has received an audio tape by al-Qaida leader Osama bin Laden threatening to kill French citizens to avenge their country's support for the U.S.-led war in Afghanistan and a new law that will ban face-covering Muslim veils.
Al-Jazeera quotes bin Laden in a Wednesday report as saying France is killing Muslim women and children.
'It is a simple equation: If you kill, you will be killed,' bin Laden was quoted as saying.
The establishment appears to be throwing all of their manufactured bogeymen at the public this week. Perhaps they are leading up to an attack that will distract the French people from protesting their thieving government.
_______________


Related: 

GORDON DUFF: GADAHN CALL TO ATTACK AMERICANS COMES FROM ISRAEL

October 24, 2010 posted by Gordon Duff · 246 Comments 

AL QAEDA SPOKESMAN ADAM GADAHN WORKS FOR THE ISRAELI GOVERNMENT, END OF STORY

“Israeli terrorist “clones” are responsible for most hard line rhetoric, threats and, if we investigated closely, have actually recruited terrorists and directly inspired, if not planned and executed, attacks on Americans…Gadahn is part of it, so is Wikileaks”

Here it comes the silver shorts squeeze at Comex

From SeekingAlphaOctober 26, 2010
The silver market has seen a lot of surprises this year, and the statement today made by CFTC Commissioner Bart Chilton is probably the most unexpected yet. After more than two years of "investigation" into the silver market with no acknowledgment of structural issues, Chilten gave a public meeting in which he was quoted as saying "There have been fraudulent efforts to persuade and deviously control that price... the public deserves some answers to their concerns that silver markets are being, and have been, manipulated." He went on to state that the CFTC would be introducing new regulations to curb manipulation in the precious metals markets. Silver rose nearly 80 cents from its intraday low on the news.
Silver analyst Ted Butler has been writing letters and warning the CFTC of the consequences of manipulation in the silver market for more than 20 years. Not many people would bother to warn of these issues when ignored and ridiculed, however Butler persisted with his call for action to remove manipulators from the market. Up until recently, these warnings have been completely ignored.
As Butler and others have documented, a concentrated group of four to eight traders have been responsible for nearly 70 percent of all short positions in silver on the COMEX. These traders have consistently traded in unison to move prices while collecting large profits along the way. It is suspected that JP Morgan holds the majority of these short positions; however the CTFC has refused to acknowledge this and trading positions are not publicly disclosed.
Why Now? What does the CFTC and the short commercial banks know that we don't?
It doesn't take 20 years, or 2 years for that matter, to realize that there are obvious structural problems with the silver market - especially when the issues are spoon fed by letters from thousands of individuals. Given the reactive nature of the CFTC, it is unlikely that Chilten is acting preemptively to protect the small investor. It is more likely that the CFTC position is changing due to the structural change in the silver market. In 2008 weak long speculators were categorically replaced with blood thirsty hedge funds, wealthy investors, and developing nations who buy in cash. (Click to enlarge)
 

As previously documented on Tradeplacer.com, the commercial banks began to cover their short positions in a rising market about four weeks ago which is highly unusual. While silver has oscillated between $23 and $25 over the last month, the banks have continued to quietly cover. Perhaps Chilten means what he says and the banks began to cover in anticipation of further regulation by the CFTC.

Is it too late?
As of October 19th, the commercial traders were still net short 58,150 contracts - roughly 290 million ounces of silver. There are currently only 52 million registered ounces and 59 million eligible ounces held in COMEX warehouses. It would not be possible to remove the short commercials from the silver market in an orderly fashion. The majority of contracts would have to be settled in paper at much higher prices. As pointed out by Butler, the worst case scenario - and increasingly likely - would be a closure of the paper precious metals markets. If that occurs physical silver would likely trade in multiples of its previous paper price and would be unavailable to most buyers. The apparent choice by the CFTC to act is most likely no choice at all. It is a desperate move to maintain the status quo and a reaction to an eminent emergence of either physical shortages or dollar devaluation instigated by a wave of quantitative easing.
Disclosure: Long SLW, PAAS, SSRI
About the author: Chris Mack
Chris Mack picture
Trading gold, silver, platinum, wine and other collectibles.





_________

Related: 
20 Million More Ounces of Silver Needed!
Financial Times: CFTC puts spotlight on silver trades
Silver Subject to Price Manipulation, Chilton Says
CFTC Chairman Bart Chilton: Silver has been subject to attempted manipulation
Will the CFTC Actually Act to Protect Silver Investors?
Massive Movements out of silver comex vaults...FDIC announces more banking probl..

Silver: Strong Demand for Poor Man's Gold

Sarkozy admits Jewish ancestry, French press reveals ties to Israeli intelligence

Al-Ahram Weekly (Egypt); October 25, 2007
As if his marital challenges were not enough cause for concern, “Sarco the Sayan” has suddenly emerged as the most infamous accolade of French President Nicolas Sarkozy.
The influential French daily Le Figaro last week revealed that the French leader once worked for — and perhaps still does, it hinted — Israeli intelligence as a “sayan” (Hebrew for helper), one of thousands of Jewish citizens of countries other than Israel who cooperate with “katsas,” or Mossad case-officers.
A letter dispatched to French police officials late last winter — long before the presidential election but somehow kept secret — revealed that Sarkozy was recruited as an Israeli spy. The French police are currently investigating documents concerning Sarkozy’s alleged espionage activities on behalf of Mossad, which Le Figaro claims dated as far back as 1983. According to the author of the message, in 1978, Israeli Prime Minister Menachem Begin ordered the infiltration of the French ruling Gaullist Party, Union pour un Mouvement Populaire. Originally targeted were Patrick Balkany, Patrick Devedjian and Pierre Lellouche. In 1983, they recruited the “young and promising” Sarkozy, the “fourth man”.
Ex-Mossad agent Victor Ostrovsky describes how sayanim function in “By Way Of Deception: The Making and Unmaking of a Mossad Officer.” They are usually reached through relatives in Israel. An Israeli with a relative in France, for instance, might be asked to draft a letter saying the person bearing the letter represents an organization whose main goal is to help save Jewish people in the Diaspora. Could the French relative help in any way? They perform many different roles. A car sayan, for example, running a rental car agency, could help the Mossad rent a car without having to complete the usual documentation. An apartment sayan would find accommodation without raising suspicions, a bank sayan could fund someone in the middle of the night if needs be, a doctor sayan would treat a bullet wound without reporting it to the police.
And a political sayan? It’s rather obvious what this could mean. The sayanim are a pool of people at the ready who will keep quiet about their actions out of loyalty to “the cause”, a non-risk recruitment system that draws from the millions of Jewish people outside Israel.
Such talk sends chills down spines, especially Arab and Muslim ones. Indeed, the revelation did not go unnoticed in Arab capitals or come as much of a surprise. Paris can be a sunny place for shady people. When it comes to intelligence gathering on behalf of Israel, a question mark is immediately raised on the moral caliber of the person in question. But, how does this scandal influence France’s foreign and domestic politics?
It is of symbolic significance that Israeli Prime Minister Ehud Olmert was on a state visit to France in the immediate aftermath of Le Figaro ’s exposé — ostensibly to discuss Iran’s nuclear agenda and the Palestinian question. Proud and prickly France under its supposedly savvy new president hopes to play a more prominent role in the perplexing world of Middle Eastern politics. On Monday, Sarkozy flew to Morocco, the ancestral home of many of France’s Jewry, soon after hisMossad connection was made public. There is no clear evidence that the revelation is to make France any more unpopular in the Arab world than it already is, especially not in official circles.
On the domestic front, however, there are many conflicting considerations. The Jews of France now display a touch of the vapours, in sharp contrast to the conceited triumphalism with which they greeted his election: “We are persuaded that the new president will continue eradicating anti-Israeli resistance,” Sammy Ghozlan, president of the Jewish Community of Paris pontificated soon after Sarkozy’s election. France is home to 500,000 Jews, mostly Sephardic Jews originally from North Africa and Mediterranean countries.
Sarkozy’s own maternal grandfather Aron Mallah, hailed from Salonika, Greece, and is said to have exercised considerable influence on his grandson. Even though raised as a Roman Catholic, “Sarkozy played a critical role in moving the French government to do what is necessary to address the ill winds that threaten the largest Jewish community in Western Europe,” noted David Harris, the executive director of the American Jewish Committee. Sarkozy, after all, was a political product of the predominantly Jewish elite neighbourhood of Neuilly-sur-Seine, where he long served as mayor.
France’s Muslim minority was far from surprised by Le Figaro ’s revelations, even though some may have feigned disappointment. Others have been more forthright. “France is not run by Frenchmen, but by lackeys of the Zionist International who control the economy,” lamented Radio Islam, of militant Islamist tendencies. When Sarkozy was France’s minister of interior and clamped down hard on Muslim immigrants, calling mainly Muslim rioters “scum” in a widely-publicised interview, they retaliated by calling him “Sarkozy, sale juif [dirty Jew]“. Obviously there is no love lost between the five million-strong French Muslim community, the largest in Western Europe, and the French president. He has grounds for concern. He assiduously courts the Israelis. That much is known.
In the scientific annals of French politics there is a cautionary tale of pantomime. French presidents are not always what they seem. There are, however, two key observations concerning Sarkozy. One, is Sarkozy’s intention of implementing a “new social contract” between employers and employees, capital and labor. This smacks of Thatcherism. His determination to force a “cultural revolution” in the collective national psyche is a trifle farcical. And unprincipled to boot. He recently introduced legislation — in tandem with his pension cuts, calling for genetic profiling of immigrants to ensure any relatives intending to immigrate are linked genetically. The strategy appears to be to soften the blow of the social security cuts by appealing to xenophobic racism.
The state of race relations in France is an even more muddled picture than the devastating caricatures by French-African comedian Dieudonne suggest. He is notorious for playing the part of a Hassidic Jew who mimics the Nazi salute. Few politicians blame their troubles on cynical comedians, though, and Sarkozy is no exception. His fans point accusing fingers at the “irresponsible press”.
The real magic starts when you power Sarkozy with his ex-model wife. She, after all, played a part in the freeing of the Bulgarian nurses and a Palestinian medical doctor. She, too, is of Spanish-Jewish ancestry. But, that may be nothing but an insignificant aside. France, generally, regarded their bust-up as something of a bad joke. Unlike the Americans, the French do not take the private lives of their presidents terribly seriously. There was the late François Mitterrand, for example. Hardly anyone in all France raised an eyebrow when it transpired that he had an illegitimate daughter. The French are more concerned with the ideological orientation and political affiliation of their president and are not in the least interested in their private affairs — at least not in any political sense.
The interesting twist, however, is that the contest between Cecilia and Nicolas Sarkozy is a comic cross between a lover’s tiff and the battle of the sexes. It appears befuddled French voters are being forced to turn a blind eye to their leaders’ antics. Sarkozy’s divorce follows hard on the heels of the separation of France’s first female presidential candidate Ségolène Royal, the “gazelle” of French politics, from her lifelong lover François Hollande barely a month after she lost the presidential race in May. Moreover, at the tender age of 19, Royal sued her father for his refusal to divorce her mother and pay alimony and child support. That was way back in 1972; barely a decade later she won the case against her father. Ironically, Royal’s own mentor the late French socialist president Mitterrand was notorious for his extra-marital affairs, the most conspicuous being his love affair with Anne Pingeot and subsequent disclosure towards the end of his life that he fathered an illegitimate daughter Mazarine with her.
And what of the voters? The latest hazard facing the French president has been his socio-economic policies. Sarkozy’s showdown with the trade unions threatens to turn into a deciding moment for France. Foreign policy, too, has come under much scrutiny. France has become fanaticallyAtlanticist under the presidency of Sarkozy. Although, unlike US President George W Bush, Sarkozy does not make much noise about his own dubious religious convictions. The commonest criticism of Sarkozy is that he is overly conscious of his religious heritage, a trait that is not appreciated by the fanatically secular French political establishment. France is culturally the most irreligious country in Europe, itself the most secular and anti-religious of the world’s continents.
For a politician acclaimed for his acumen, it is startling that Sarkozy has been tripped up by events he should have seen coming. His sagacity obviously failed him this week. Le Figaro let the cat out of the bag. And his wife, too, after shopping with Lyudmila Putin, the Russian first lady, apparently decided that she had had enough of being treated as “part of the furniture” and made their rift very public.
France is now in the awkward position of having no first lady. The 49 year- old former model, lawyer and political advisor is by no means media shy. “I gave Nicolas 20 years of my life,” she told the popular French magazine Elle in a special feature which she asked for personally, despite the awkwardness of its timing. She had long complained of being politically peripheralised. Troubling as that interpretation is, it is in a way a consoling one for Sarkozy. He is now free to handle his opponents without his maverick Cecilia breathing down his neck or, on the contrary, disappearing at crucial moments.
Even with his personal life in tatters, Sarkozy is obliged to hoist the French tricoleur high in the international arena. Which flag is it to be?
The above article can be found here: http://weekly.ahram.org.eg/2007/868/in2.htm
‘French president has Greek-Jewish roots
Chicago Jewish News; January 11, 2008
ATHENS–A new book detailing the Greek-Jewish roots of Nicolas Sarkozy shows political involvement for the French president’s family.
According to “Me, the grandson of a Greek,” a new book written by three Greek authors, two Sarkozy ancestors were members of the Greek Parliament in the early 20th century.
One of the authors is Leon Nar, a Jewish writer from Salonika, also known as Thessaloniki, the former hometown of Sarkozy’s mother’s family.
The book theorizes that Sarkozy’s mother’s family came to Salonika from the French region of Provence. Sarkozy’s great-grandfather, Mordechai Mallah, a well-known Salonika jeweler, and his wife, Reina, had seven children. One was named Aaron, Sarkozy’s grandfather.
At the age of 14, Aaron Mallah and his mother left for France, where Aaron studied medicine and served as a doctor during World War I.
It was in Paris that Aaron met the gentile nurse who would become his wife. In order to marry Adel Bouvieux, Aaron was baptized and converted to Catholicism, taking the name Benedict, or Benico. A daughter, Andree Mallah, married a Hungarian refugee named Paul Sarkozy. The couple had three sons, including Nicolas.
Paul Sarkozy left the family when Nicolas was 5 years old, and Benico took care of them. Nicolas, according to the book, was very attached to his grandfather, who used to tell his grandchildren stories from Salonika.
Until Benico’s death in 1972, Nicolas Sarkozy and his brothers did not know they had Jewish roots. The Sarkozy brothers would learn the truth about their Jewish roots from their mother.
The authors said Benico did not tell his grandchildren about their Jewish roots to protect them, fearing anti-Semitism and another Holocaust, which killed most members of the Mallah clan.
In 1973, with his family facing financial difficulties, the 20-year-old Nicolas Sarkozy traveled to Salonika to sell his family’s leftover property.
During a visit to Greece in July 2006, the Jewish community of Salonika honored Sarkozy at a ceremony at the French Embassy in Athens.
The community gave Sarkozy, then France’s interior minister, an album of his family tree going back to his great-great-grandfather, along with pictures of his ancestors. Sarkozy recognized some of the faces in the pictures from his own family albums.
At the event he met Lucy Saltiel, the wife of the president of the Jewish community of Salonika and a member of the Mallah family. Visibly moved, Sarkozy told the Jewish community members, “My roots are here.”
Sarkozy: ‘My roots are in Salonika’
European Jewish Press; April 24, 2007
PARIS-ATHENS–The tough-talking Nicolas Sarkozy, who came out first from the first round of theFrench presidential election on Sunday ahead of his Socialist rival Ségolène Royal, casts himself as a modernizer and the man who wants to lead France into a “clean break” with a discredited past.
French voters chose to put Sarkozy and Royal in the runoff for the second round of the election on May 6.
They won respectively 31.1 percent and 25.8 percent of the vote.
The 52-year-old son of a Hungarian immigrant and a French mother of Greek Jewish origin, Sarkozy has served as Interior Minister twice, as Finance Minister and, since 2004, president of the ruling Union for a Popular Movement (UMP).
Born in January 1955, Sarkozy had a privileged upbringing in the affluent Paris suburb of Neuillywhere he served as mayor from 1983 to 2002. He studied law and — unlike most of France’s ruling class — avoided the elite National Administration School (ENA).
Twice married, Sarkozy has three children — the third by his current wife Cecilia with whom his stormy relationship has received widespread coverage in the gossip magazines.
The Mallah family in Salonika
Sarkozy’s mother is from the Mallah family, which originally came from Spain like all Jews of Salonika, northern Greece, and left with the expulsion of the Jews by King Ferdinand. They settled initially in France.
About 100 years later the family immigrated to Salonika.
Sarkozy’s great grandfather, who died in 1913, was a well known jeweler in Salonika. His business was destroyed when a fire in 1917 destroyed almost the entire city of Salonika.
The grave of Mordohai Mallah exists till today at Stavroupoli where it was transferred from the old cemetery just before the Germans walked in during WWII and destroyed the Jewish cemetery.
Nicolas’s grandfather, Benedict, was the first child of seven children. His real name was Aaron but the family called him Benico. At the age of 14, Benico and his mother left for France where he studied medicine and served in the French army as a doctor during WWI, where he met his future wife Adel Bouvieux, a pretty nurse.
In order to marry her he was baptized Catholic and took the name Benedict.
The couple had two daughters, Suzanne and Andrée, the mother of Nicolas, who married in the 50s a Hungarian immigrant Paul Sarkozy, the father of Nicolas. 
Greek honor
In July 2006, while on a visit to Greece, Nicolas Sarkozy was honored at the French embassy in Athens by the Jewish Community of Salonika.
A plaque was unveiled which said: “In memory of Nicolas Sarkozy’s visit to Greece from theThessaloniki Jewish Community, the town of your ancestors, mother and city of Israel and Jerusalem of the Balkans.”
Along with the plaque the community gave the French minister an album of his genealogical tree going back to his great-great-grandfather along with pictures of his ancestors. Sarkozy recognized some of the people in the pictures from his family albums.
At the event the wife of the president of the Jewish community of Salonika David Saltiel, Lucy, who was born from the same Mallah family, was also present. A visibly moved Sarkozy thanked the community and said: “My roots are here.” 
Most of the members of the Mallah family [are said to have] perished in the [alleged] Holocaust. Today the remaining members are living mainly in Switzerland, France and England.
The above article can be found at: http://www.ejpress.org/article/16221

‘Sarkozy’s Jewish roots’
Australian Jewish News; May 8, 2007
In an interview Nicolas Sarkozy gave in 2004, he expressed an extraordinary understanding of the plight of the Jewish people for a home: “Should I remind you the visceral attachment of every Jew to Israel, as a second mother homeland? There is nothing outrageous about it. Every Jew carries within him a fear passed down through generations, and he knows that if one day he will not feel safe in his country, there will always be a place that would welcome him. And this is Israel.
Sarkozy’s sympathy and understanding is most probably a product of his upbringing; it is well known that Sarkozy’s mother was born to the Mallah family, one of the oldest Jewish families of Salonika, Greece.
Additionally, many may be surprised to learn that his yet-to-be-revealed family history involves a true and fascinating story of leadership, heroism and survival.
It remains to be seen whether his personal history will affect his foreign policy and France’s role in the Middle East conflict.
In the 15th century, the Mallah family (in Hebrew: messenger or angel) escaped the Spanish Inquisition to Provence, France and moved about one hundred years later to Salonika.
In Greece, several family members became prominent Zionist leaders, active in the local and national political, economic, social and cultural life.
To this day many Mallahs are still active Zionists around the world.
Sarkozy’s grandfather, Aron Mallah, nicknamed Beniko, was born in 1890.
Beniko’s uncle Moshe was a well-known Rabbi and a devoted Zionist who, in 1898 published and edited “El Avenir”, the leading paper of the Zionist national movement in Greece at the time. 
His cousin, Asher, was a Senator in the Greek Senate and in 1912 he helped guarantee the establishment of the Technion — the elite technological university in Haifa, Israel.
In 1919 he was elected as the first President of the Zionist Federation of Greece and he headed the Zionist Council for several years. In the 1930’s he helped Jews flee to Israel, to which he himself immigrated in 1934.
Another of Beniko’s cousins, Peppo Mallah, was a philanthropist for Jewish causes who served in the Greek Parliament, and in 1920 he was offered, but declined, the position of Greece’s Minister of Finance. After the establishment of the State of Israel he became the country’s first diplomatic envoy to Greece.
The rest of the above article can be found here: http://www.ajn.com.au/news/news.asp?pgID=3162
‘C’est l’economie, stupide: The continental divide’
The Jewish Daily Forward; April 27, 2007
When Nicolas Sarkozy, the conservative frontrunner in the French presidential elections, goes into the runoff with his socialist rival Ségolène Royal on May 6, he can count on strong support from the largest Jewish community in Western Europe. Many of France’s 600,000 Jews like Sarkozy’soutspoken (and somewhat un-French) support for Israel, but some are turned off by his willingness to echo the anti-immigration and sometimes racist rhetoric of veteran far-righter Jean-Marie Le Pen.
Both views of Sarkozy, however, are overrated, and should not decide the Jewish vote. In all likelihood, as president he would not fundamentally change France’s Middle East policy and its traditional affinity for Arab states and the Palestinian cause. Neither would he go beyond the tough approach of current President Jacques Chirac toward the unruly migrant youth in the banlieues, the run-down suburbs around Paris and other major cities. After all, until recently Sarkozy was Chirac’s interior minister.
When riots broke out in the banlieues two years ago, he set a defiant tone by threatening to clean up the ghettos with a “Kärcher,” a well-known German brand of industrial-strength pressure-washers used to remove dirt and feces from sidewalks. Some Muslim leaders have still not forgiven Sarkozy for these words, and they have threatened an explosion of anger in the banlieues if Sarkozy is elected.
There have been rumors of a secret alliance between Sarkozy and Le Pen, who once referred to the Holocaust as a detail of history and has made other anti-Jewish statements. Most Le Pen supporters, however, would never even consider voting for a Socialist like Royal, so it is hard to see how such an alliance would help Sarkozy.
During the campaign, Sarkozy wooed Le Pen voters by calling for the creation of a “Ministry of Immigration and National Identity” and by telling disgruntled immigrants to leave France. Le Pen struck back by describing Sarkozy, who has a Hungarian father and a mother of Greek Jewish descent, as a “candidate who comes from an immigration background.” “I,” Le Pen asserted, “am a candidate from this land.”
But it is not just having a Jewish grandmother that makes Sarkozy attractive to French Jews — among them some of the country’s leading intellectuals, including once-steadfast leftists Andre Glucksmann and Alain FinkelkrautThey like his pro-American attitudes, his sympathy for the American-led war on terrorism and his pledge to fight homegrown Muslim anti-Semitism. AndBernard-Henri Levy, perhaps France’s most celebrated public intellectual, contemplated backing Sarkozy for a while. Only in the last stage of the campaign did he finally endorse Royal, warning that Sarkozy would polarize French society.
Consistent violence against Jewish properties and against individual Jews, which reached its peak last year with the gruesome murder of 22-year-old Ilan Halimi, pushed many in the Jewish community to the right. Some even supported Le Pen’s National Front because of its anti-Arab stance.
Support for Sarkozy is most pronounced among Sephardic Jews who immigrated from North Africa and today represent the majority of French JewryAshkenazim traditionally vote for the left, but even among them Sarkozy has gained a distinct following.
Royal, meanwhile, has zigzagged between strict law-and-order positions and traditional leftist sympathy for the disenfranchised, who in today’s France are mostly the children of North African immigrants. Even though she made some verbal gaffes during a trip to the Middle East, Royal is certainly not anti-Israel, just closer to the traditional French political mold.
But it is with regard to the economy that Sarkozy most differentiates himself from Royal. France has one of the highest unemployment rates in Western Europe, and almost a quarter of its young people are without a job. In the banlieues, the rate is much higher.
The country has lost its competitive edge, economic growth rates have fallen behind those of Germany, and high non-wage labor costs and extremely rigid work hours continue to stifle the creation of new jobs. Most economists agree that France needs a dose of deregulation to get its economy back on track.
Even though Sarkozy avoided any radical measures when he was finance minister for six months in 2004, he seems much more likely to reform the economy than Royal, who has pledged a huge increase in social spending without any proposals to finance her generous campaign promises. Still, there are more than a few who believe that only the French model of state intervention and high social spending can hold society together and preserve what is still one of the world’s highest standards of living.
A sustained economic upswing would be the best way to reduce ethnic tensions and help to integrate young Muslims into French society, while continued stagnation might turn the banlieues into battle zones and cause societal tensions that would inevitably affect the country’s Jews. Whether Sarkozy can really fix the economy remains to be seen, but it is clearly his strongest card for the presidential runoff.
The above article can be found here: http://www.forward.com/articles/10591/
‘Will Sarkozy’s Jewish roots impact France’s policies?’
Jewish Journal; May 10, 2007
In an interview French President-elect Nicolas Sarkozy gave in 2004, he expressed an extraordinary understanding of the plight of the Jewish people for a home: “Should I remind you the visceral attachment of every Jew to Israel, as a second mother homeland? There is nothing outrageous about it. Every Jew carries within him a fear passed down through generations, and he knows that if one day he will not feel safe in his country, there will always be a place that would welcome him. And this is Israel.”
Sarkozy’s sympathy and understanding is most probably a product of his upbringing. It is well known that Sarkozy’s mother was born to the Mallah family, one of the oldest Jewish families of Salonika, Greece. Yet it remains to be seen whether his personal history will affect his foreign policy and France’s role in the Middle East conflict.
In the 15th century, the Mallah family (Hebrew for messenger or angel) escaped the Spanish Inquisition to Provence, France, and moved about 100 years later to Salonika. In Greece, several family members became prominent Zionist leaders, active in the local and national political, economic, social and cultural life.
In 1917, a great fire destroyed parts of Salonika and damaged the Mallah family estate. Many Jewish-owned properties, including the Mallah’s, were expropriated by the Greek government. The Jewish population emigrated from Greece and much of the Mallah family left Salonika for France, America and Israel.
Sarkozy’s grandfather, Aron Mallah, nicknamed Benkio, immigrated to France, where he converted to Catholicism and changed his name to Benedict in order to marry a French Christian girl namedAdele Bouvier.
Although Benedict integrated fully into French society, he remained close to his Jewish family and culture. Knowing he was still considered Jewish by blood, he hid his family in the village of Marcillac la Croisille in western France during World War II.
During the [alleged] Holocaust, many of the Mallahs who stayed in Salonika or moved to France were deported to concentration and extermination camps. In total, 57 family members were [said to have been] murdered by the Nazis. Testimonies reveal that several [were said to have] revolted against the Nazis.
In 1950, Benedict’s daughter, Andree Mallah, married Pal Nagy Bosca y Sarkozy, a descendant of an aristocratic Hungarian family. The couple had three sons, Guillaume, Nicolas and François. After the couple divorced in 1960, Andrée Sarkozy raised her three boys close to their grandfather, Benedict. Nicolas was especially close to Benedict, who was like a father to him.
Sarkozy says he admired his grandfather, and through hours spent listening to his stories of the Nazi occupation, the Maquis (French Resistance), De Gaulle and D-Day, Benedict bequeathed to Nicolas his political convictions.
Sarkozy’s family lived in Paris until Benedict’s death in 1972, at which point they moved to Neuilly-sur-Seine to be closer to the boys’ father, Pal (who changed his name to Paul) Sarkozy.
Various memoirs depict Paul Sarkozy as a father who did not spend much time with his children or help the family monetarily. Nicolas had to sell flowers and ice cream in order to pay for his studies. However, his fascination with politics led him to become the city’s youngest mayor and to rise to the top of French and world politics. The rest is history.
It may be a far leap to consider that Sarkozy’s Jewish ancestry may have any bearing on his policies vis-à-vis Israel. However, many expect Sarkozy’s presidency to bring a dramatic change not only in France’s domestic affairs but also in the country’s foreign policy in the Middle East.
Nevertheless, there are several reasons that any expectations for a drastic change in the country’s Middle East policy, or foreign policy in general, should be downplayed.
First, France’s new president will spend the lion’s share of his time dealing with domestic issues, such as the country’s stagnating economy, its social cohesiveness and the rising integration-related crime rate.
When he finds time to deal with foreign affairs, Sarkozy will have to devote most of his energy to protecting France’s standing in an ever-involved European Union. In his dealings with the United States, Sarkozy will most likely prefer to engage on less-explosive agenda items than the Middle East.
Second, France’s foreign policy stems from the nation’s interests rooted in reality and influenced by a range of historic, political, strategic and economic considerations. Since Sarkozy’s landing at the Elysée on May 16 will not change those, France’s foreign policy ship will not tilt so quickly under a new captain.
Third, France’s Foreign Affairs Ministry exerts significant weight over the country’s policies and agenda. There, non-elected bureaucrats tend to retain an image of Israel as a destabilizing element in the Middle East, rather then the first line of defense of democracy. Few civil servants would consider risking France’s interests or increasing chances for “a clash of civilizations” in order to help troubled Israel or Palestine reach peace.
It is fair to predict that France will stay consistent with its support in establishing a viable Palestinian state with East Jerusalem as its capital, existing side by side with a peaceful Israel. How to get there, if at all, will not be set by Sarkozy’s flagship, but rather he will follow the leadership of the United States and the European Union. 
Although Sarkozy’s family roots will not bring France closer to Israel, the president’s personal Israeli friends may. As interior minister, Sarkozy shared much common policy ground with former Israeli Prime Minister Benjamin Netanyahu. 
The two started to develop a close friendship not long ago, and it is easy to observe similarities not only in their ideology and politics but also in their public image. If Netanyahu returns to Israel’s chief position, it will be interesting to see whether their personal dynamic will lead to a fresh start for Israel and France and a more constructive European role in the region.
‘Sarkozy’s son and Jewish heiress tie the knot’
Haaretz (Israel); September 11, 2008
French President Nicolas Sarkozy’s 22-year-old son Jean, who has launched his own political career, married a member of the Jewish family that founded one of France’s biggest retailers on Wednesday.
Jean Sarkozy has become a household name in France since he played an important role insupporting and then abandoning the main center-right party’s candidate to succeed his father as mayor of the wealthy Paris suburb of Neuilly-sur-Seine.
law student, the president’s second son has since been elected to the post of local councilor in his father’s former fiefdom and taken over the influential post of leader of the centre-right UMP party group in his regional council.
Jean Sarkozy told reporters he married Jessica Sebaoun-Darty, whose family set up one of France’s biggest electronics retailers, Darty, at the town hall of Neuilly on Wednesday evening.
Jean Sarkozy shot to fame last year, when he had a hand in the demise of his father’s then spokesman, David Martinon.
Martinon, who was seen as close to Nicolas Sarkozy’s then wife, Cecilia, was originally anointed as the UMP candidate for mayor of Neuilly. But many residents were unhappy with a man who had never lived in their town being parachuted in to run it, and his local backers, including Jean Sarkozy, soon ditched him.
Martinon pulled out of the election, dealing a blow to his political ambitions. He has since returned to his previous career as a diplomat and is now France’s consul in Los Angeles.
The younger Sarkozy’s turnaround prompted some observers to say he shared his father’s political cunning, and he has since become a pin-up of the centre right.
Sarkozy, born to the president’s first wife, became engaged to Sebaoun-Darty in June. He has denied speculation he is planning to convert to Judaism.
The conditions in which the wedding was held — on a weekday afternoon and with several guests arriving through a back door to avoid the waiting press — was reminiscent of Nicolas Sarkozy’s marriage to singer and former model Carla Bruni-Sarkozy seven months ago.
That wedding, celebrated in a low-key, civil ceremony at the presidential Elysee palace, was Sarkozy’s third and took place just four months after he separated from Cecilia, his wife of 11 years.

Labels

"backyard" "bank holiday" "Change" "Jewish Achievements" 1st Amendment 2nd amendment 4GW 4th Reich 7/7 9/11 abiotic oil abuses of power ACTA Afghanistan AfPak Africa AFRICOM agenda 21 al-CIAduh alternative currencies American revolution anarchy apocalypse Argentina ARTICHOKE Asia Asian Energy Security Grid assassinations asteroids austerity AWOL ballistic missiles B/S backfire bad cops bailout bailout scam bank nazionalization banksters big oil big pharma Bilderberg Bin Laden biofuels biological warfare biological weapons biological weapons research bioterrorism bird flu bitcoins black ops Blackwater Brazil BRICs Brzezinski bubbles cap and trade capitalism carbon credits carbon tax carbon trade cash nexus cass sunstein casus belli CDS Central Asia central banks CFR Cheney China CIA CIA assets civil wars class conflicts class structure class warfare climategate COINTELPRO collapse Color revolutions COMEX default communism community currencies Congo conspiracies conspiracy theories Constitution Copyright corporate "personhood" corporate law corporatocracy corruption countercoup counterinsurgency Coup D'etat covert agents covert operations covert ops covert war covert warfare coverup crazy lone gunmen crimes against humanity currencies currency war dancing israelis David Kelly dead microbiologists death squads debt debt bondage debt bubble debt monetization debtors' prisons deep politics default deficit deflation deglobalization deindustralization deja vu delocalization democracy depleted uranium depopulation depression deregulation derivatives detentions Detroit devaluation devolution dictatorship Dimitri Khalezov dirty tricks dirty wars disaster capitalism disaster management discovery disinformation dissent diy diy currencies DMCA drones drugs trade DU dystopias eastern europe ECB eco-fascism economic cycle economic hitmen economic warfare Egypt electromagnetic weapons electronic surveillance elite consensus elitist propaganda Ellen Brown emerging markets end game energy engineered clusterfuck Ethiopia EU EU666 eugenics euro eurocracy eurocrats europe fake bonds fake democracy fake gold fake revolutions fake terrorism false flags fascism fascism 2.0 FED FEMA FEMA death camps fiat money Finance Capitalism forecasts ForeclosureGate foreclosures FOREIGN TRADE ZONES Fort Detrick fractional reserve banking France fraudclosures fraudonomics frauds Free books free money free speech freedom Fukushima funny money G20 gatekeepers Gaza genocides geoengineering Geopolitics Germany Ghana ghost towns Gladio global currency Global warming hoax globalization GMO gold gold manipulation gold standard Goldman Sachs golpe google Grand Chessboard great depression 2.0 great game Greece Green shoots greenbackers Guantanamo Gulf of Tonkin gun ban gun control Guns H.R. 45 HAARP habeas corpus hackers Haiti Halliburton happiness health health care bill health care reform hemp heroin high frequency trading historical cycles history hitler hoaxes Honduras House Bill 1796 how-to human organs trafficking human rights Hungary hunger hyperinflation ICC Iceland Illuminati IMF imf riots immigration imperialism incoherence income distribution income tax India inequalities infiltration inflation inflationary depression information war insider trading insolvency instability insurgency intelligence International Criminal Court international political economy internet censorship internet warfare ior IP IPCC Iran Iraq Ireland IRS Israel israeli assets Israeli firsters Israeli killers israeli lobby Israeli Organ Harvesting israeli terrorism italy Ivory Coast jesuits jews JFK Jim Willie JPM k-waves Kazakhstan Keynesianism Kissinger kleptocracy Kosovo Krugman KUBARK Kurt Sonnenfeld Kyrgyzstan Land Grab Large Hadron Collider Larry Summers Latin America LBMA Lee Harvey Oswald legitimacy crisis legitimation lesser evilism Libya lies Limited Hang Out Lincoln Lisbon Treaty lobbying local currencies Lockerbie Logan Act lol looting lsd mafia Mali Manchurian candidates Mandatory vaccinations maquiladoras market manipulations martial law Martin Armstrong Medicare meltdown MENA Mend mercenaries Mexico MI5 Michael Chertoff Michael Hudson Middle East migrations Military Industrial Complex military research military spending military tribunals militias mind control mind tricks Minerva Research Initiative Minot missing nukes missile defense missing pathogens MKDELTA MKNAOMI MKSEARCH MKULTRA money money as debt money laundering money supply Mongolia monsanto Montenegro morgellons mossad msm Mumbai narco-states narcodollars narcotics national debt National Emergencies Act national emergency native Americans NATO NDAA neo-Malthusians neocolonialism neocons neofeudalism neuroscience NGOs Nigeria NLP Non-lethal Weapons Noriega North Korea Norway NSA NSPD-51 nuclear demolition nukes NWO odious debt Oil OKLAHOMA CITY bombing oligarchy OOTW Operation Ajax operation CONDOR Operation Fast and Furious operation Mockingbird Operation Northwoods operation paperclip Operation Strange Man opium Orwell outrages p2p currencies Pakistan Palestine Panama Panarin pandemics paper money Paraguay paranoia paranoia pimping patents Patriot Act patsies pauperization peak oil pearl harbor Pennsylvania pensions Pentagon persuasion Peru pervs philippines Phoenix program piigs pimping Pipelinestan piracy Pirates plagues planned disasters Plum Island plutocracy PMCs PNAC poison pills Poland police state political economy political fakeries polls ponzi schemes pork Posse Comitatus Act pot poverty poverty business power elite pr0n predictive programming prepping primitive accumulation prison industrial complex prison population private debt privatizations problem-solution prohibitionism Project Artichoke Project Bluebird Project Censored Project MK/NAOMI Project Mockingbird project monarch Prompt Corrective Action Law propaganda prostitution protests provocateurs psy-ops psycho-police psychotronic warfare Ptech public policies qe qe2 R2P rabbis crackdown real wages regime change regulations relative disadvantage religion renditions renewable energy reserve currency resistance revolution revolution (how to) revolutions riots robots Rockfeller Roman Empire Rothschilds Rumsfeld Rupert Murdoch Russia Rwanda s510 sabbateans Salvador Option samson option saudi arabia sayanim SCADs scams scandals scares schemes SCO SDR secrecy secret algorithms Secret services sedition self-employment self-reliance serial killers sex scandals sheeple shock capitalism SHTF silver sixties slavery slums social conflicts social currencies social movements social research Social Security social spending socialization of costs somalia Soros sound money South Africa South Caucasus South Korea Southern Poverty Law Center Sovereignty Sovereignty Resolutions spain special economic zones spin spyware stagflation state of exception state secrets state terrorism statistics stimulus stuxnet submarines subprime Sudan suicides superbugs superimperialism suppressed technologies supremacist racist genocidal apocalyptic cults surveillance Survivalism SVADs sweden Swine Flu syria Taliban Tamiflu TAPI taxes tea party technocracy Tennessee TEOTWAWKI terrorism Thailand The Fourth Turning the left The Mogambo Guru Thirdworldization TIPS tiranny torture totalitarism toxic assets toxic waste trade deficit trade war treason Treasuries Bubble Tri-Border Area Trickle down trolls tsa tunisia Turkey uganda UK Ukraine UN underclass upper class US $ US army US bonds seized US debt US elections US gulags US hunger US secessionists US Treasuries US666 useful idiots vaccines VAT vatican Venezuela vets vietghanistan Vietnam violent conflicts virii Voodoo war war crimes WAR CRIMINALS war on drugs war party war pimps war propaganda warfare warfare state wars water WB wealth distribution web bot weed Weimar weird welfare white collar criminals White phosphorous WHO who rules Wikileaks wikipedia witch hunt WMD working poors world bank world economy world hegemony world reserve currency world trade WTF WTO WW3 xe Xinjiang Yemen Yuan Yugoslavia Zimbabwe zionism zionist trolls zious
Protect Your ASSets: Buy Gold or Silver NOW - If you wait you will be late.
(He who panics first, just may salvage something.