A "global Jewish hegemony" caused the financial crisis of 2008, a former Palestinian Authority (PA) governor and senior economist claimed last week - based on a principle from the anti-Semitic pamphlet Protocols of the Elders of Zion.
Dr. Fouad Bseiso, the first governor of the Palestinian Monetary Authority in 1994-2001, explained in an Al-Quds TV interview Sunday that Jews "plundered from the land of Palestine and from the other Islamic countries." His comments were translated into English by the Middle East Media Research Institute (MEMRI).
"They do it by inventing economic tools, bonds, and financial derivatives, which absorb most of the Arab savings," Bseiso stated. "By investing in these financial derivatives, one buys contracts, not commodities."
"One can buy oil contracts," he continued. "It's all on paper. That way the Jews control the prices of strategic commodities, like oil, silver, gold, and others."
"They control the rise and fall of prices, and are the number one beneficiaries of fluctuations in the world's financial markets," he explained. "This was proven by the global financial crisis of 2007-2008."
Bseiso then claimed that Israel made "30%" of its 2008 income by "the plundering of Palestine and the Arab and Islamic world, through the absorption of Arab financial investments."
"I say very clearly that global Judaism, which controls the world's financial markets, constitutes a virus and a plague, which strikes at the entire world," he added.