Yesterday, this article appeared on British state media. The research points to advanced knowledge by Israeli stock owners of the attack by Hamas on the environs of Gaza on 7 December 2023.
In a 66-page report, they added that: "Just before the attack, short-selling of Israeli securities on the Tel Aviv Stock Exchange increased dramatically."
In response, the Israel Securities Authority said: "The matter is known to the authority and is under investigation by all the relevant parties."
The study said that 4.43 million new shares in Leumi, Israel's largest bank, were short-sold between 14 September and 5 October period, yielding profits of 3.2bn shekels ($862m; £684m).
"Our findings suggest that traders informed about the coming attacks profited from these tragic events, and consistent with prior literature we show that trading of this kind occurs in gaps in US and international enforcement of legal prohibitions on informed trading," the study said.
The state broadcaster (BBC)…
The state broadcaster (BBC) refutes the findings: '...the [Tel Aviv] stock exchange said the claims made in the academic paper since were inaccurate, labelling them "irresponsible".'
Link to the original paper,…
Link to the original paper, Trading on Terror?:
I haven't seen any evidence…
I haven't seen any evidence regarding Israel's support for Hamas around the time of the First Intifada, though it is certainly true that Israel supported the Muslim Brotherhood in Gaza, out of which Hamas and Islamic Jihad emerged. Part of Israel’s goal in supporting such religious groups was to use them as a deterrent against the more secular Palestine Liberation Organization, but of course that did not work out. The Muslim Brotherhood formed Hamas during the First Intifada, partly in order to remain relevant amid the spontaneous uprising that had broken out.
I’ve seen quite a few people claim that Israel supported Hamas from the very beginning, with some even arguing that Israel “founded Hamas.” (I think they might just be confusing Israel’s support for the Muslim Brotherhood.) If people are going to make such claims, then it would be nice if they actually shared/cited their sources.
Netanyahu’s support for Hamas, in order to sow divisions between Hamas and the Palestinian Authority and prevent the establishment of a Palestinian state, is an entirely different matter, which seems to be substantiated by far more evidence. Besides Israel possibly having advance knowledge of the Hamas attack on 7 October, one could also note how Netanyahu is alleged to have said that he was interested in using Hamas to avoid a two-state solution. There also seems to be some evidence that Netanyahu allowed money to flow into Gaza in order to prop up the Hamas regime and prevent peaceful negotiations. Here’s two articles in Haaretz that touch on this issue, though I don't agree with every aspect of the articles (here and here). From the second article,
Funnily enough, some Israeli officials have also claimed that Western news organizations had foreknowledge of the Hamas attack, such as by citing photojournalists who covered the Hamas assault, in order to paint such media outlets as sympathizing with Hamas.
Putting aside how ridiculous it is to deny Western media's strong Israeli bias, the Netanyahu government is essentially accusing such news outlets of being guilty of something that they are likely guilty of themselves.
adri wrote: I’ve seen quite…
Here's an article in the Nation in which the author also seems to confuse the Muslim Brotherhood with Hamas (or at least not correct the person they're quoting),
It's impossible for Israel to have supported Hamas in the 1970s, because Hamas was only founded in 1987 during the First Intifada. Hamas and the Muslim Brotherhood were two completely separate organizations. The entire reason Israel supported religious groups like the Muslim Brotherhood in the first place was because they were opposed to struggling against Israel, unlike the PLO at the time. There were even Muslim Brothers who disagreed with forming Hamas as an armed wing of the Muslim Brotherhood during the First Intifada, seeing as how it went against their previous positions.
If it's of any interest, this article by Ziad Abu-Amr on the history of the Muslim Brotherhood and Hamas is quite illuminating,
Thanks for that adri! "It…
Thanks for that adri!
Let Bibi meet a fate at least equal to his predecessor, the Butcher.
Death to the "Jewish" State! Life to life.
Not my choice of words but…
Not my choice of words but yeah. (Stay away from me MI5/6.)
The crux of the matter is to…
The crux of the matter is to make a clear demarcation between the spontaneous uprising of the proletariat and the suppression by the forces of order (MI5/6, IDF, CIA, HAMAS, MOSSAD...).
Neturei Karta are…
Neturei Karta are reactionary, homophobic, sexist ultra-Orthodox religious lunatics. I don't understand why anyone from the left quotes or promotes them. It's like elevating the Westboro Baptist Church because there's some coincidence they have one position that crosses over with the left.
The BBC is stuffed full of…
As to the claim of this rebbe (Weiss) that Judaism is intrinsically anti-State, the assertion is fundamentally flawed. Judaism from its inception has been all about state building. All 613 commandments are merely civil statutes to enforce the nation state of the Kingdom of Judah at the cost of the children of Isra'el.
Neturei Karta are…
I was more concerned about the "death" part of his comment... but yes I agree that it would be strange for socialists/communists to promote Neturei Karta. However, I don't think it's so strange to quote them in terms of their opposition to the State of Israel. This opposition actually echoes the historical Orthodox and Reform position towards Zionism, which is still shared, in a more moderate/neutral form, by other Jewish organizations like the American Council for Judaism. NK are largely correct when they note how the State of Israel violates Jewish tradition and Biblical interpretation, in which Jews were supposed to live in exile (or the diaspora) until the coming of the Messiah. Political Zionism had absolutely nothing to do with Judaism and was largely rejected by the Jewish community up until the 1930s, partly in response to the rise of Nazi Germany. The First Congress of the World Zionist Organization, held in 1897, even had to relocate from Munich to Switzerland owing to the intense opposition of German Jews. The only real exception to this rejection of Zionism was Eastern Europe, where the condition of Jews in the Pale was much worse.
I personally don't have any problems invoking the Bundists either, even though I might not agree with them on everything politically. They correctly pointed out (as did others) that the Zionist project, rather than creating a refuge for the Jewish diaspora, would only lead to more conflict with the Arabs already living in Palestine.
What is a little strange is…
Read this on reddit on The Great Synagogue, Brick Lane:
And elsewhere we read:
[quote]adri wrote:I haven't…
Not exactly evidence and I don't know Jock's source, as it is not listed under the article, but it does confirm collusion between Hamas and the State of Israel:
Palestinian Workers Continue to Die for a Capitalist State, Leftcom.org
Not exactly evidence and I…
It doesn't "confirm" anything. He's likely also just confusing the Muslim Brotherhood for Hamas—again two entirely separate organizations. As I mentioned, the entire reason Israel supported the Brotherhood in the first place was because they were less militant than Fatah and the PLO. The Brotherhood formed Hamas in order to remain relevant during the First Intifada.
The only real evidence, if you can even call it that, I've come across regarding Israel's support for Hamas during the First Intifada is this American State Department document from 1988:
The author might just be referring to Muslim Brothers when he mentions Hamas members, which would explain why Israel was turning a blind eye to their activities, just as they had done prior to the First Intifada. I'm not for certain and wouldn't mind seeing some other (actual) sources if people have any.
Thanks. Interesting report …
Thank you, adri, for providing the relevant information "leaked" from the US State Department.
Let's summarise this discussion on collusion between the State of Israel and Hamas, whom the bourgeois media portray as in combat.
Firstly, there is a study entitled Trading on Terror? which points to advance knowledge of traders on the Tel Aviv stock exchange of the initial incursion and attack. Bear in mind that the casualties reported were not all attributable to the assault by nationalist Islamist militia but also came from the IDF counter-attack on the kibbutzim, in Sderot, at the Erez Checkpoint, etc:
Secondly, according to this source, Hamas (adri questions whether this support was for Hamas or its progenitor, the Muslim Brotherhood) received 'support' from the State of Israel:
Palestinian Workers Continue to Die for a Capitalist State, Leftcom.org
Thirdly, we have a report from the US State Department that includes this pertinent and contradictory—beliefs on the ground differ from beliefs on high—information on the relationship between Hamas and the State of Israel, but naturally, considering the source, not on the relationship between all three parties:
It is a tricky distinction between 'turning a blind eye' and actively supporting. The same distinction has been drawn in the local British intifada in Northern Ireland. Again, adri questions whether the 'author might just be referring to Muslim Brothers when he mentions Hamas members' ("operatives").
It should be noted that in the course of the huge destruction of life and limb in Gaza and its environs, between 27/10/2023 & 23/2/2024, the Dow Jones Industrial Average index rose 20.71%, the Nasdaq Composite by 27%.
Israeli intelligence the…
Axios, October 12, 2023
Are we to believe that in the most highly monitored place on Earth surveillance by the State of Israel failed to detect what actions were imminently to occur?
“The Egyptians are saying…
Azhar Ali, quoted in The Guardian
To bring a little context;…
To bring a little context; the source for Ali's claim seems to be US Republican Senator McCaul, with no hard evidence shown so far to support it. No public verification from the Egyptian state. May be true or not, either way probably part of competing political agendas to either repeat or deny it. Whenever events of such significance take place (eg, 9/11) there will always be conspiracy theories to 'explain' it, mixing fact, speculation and outright falsehood.
“The Egyptians are saying…
Would it be in the interests of the Egyptian state to publicly verify its veracity? Definitely not.
No conspiracy theory, mixing of fact and fiction, speculation, nor falsehood is necessary to explain the 7/10 attack or the Israeli massacre that follows on from it. It is material interests of the interested parties, pure and simple.
Put simply, these material interests are to lower the cost to capital of employing labour power. If this means decimating a portion of the labour force, so be it. If needs be, destruction of the housing stock aids the same interests.
Sophocles, Antigone
No conspiracy theory, mixing…
Uncritical quoting of Labour and Republican politicians might make it seem otherwise.
Put simply, these material…
Please explain how the levelling of Gaza "lowers the cost of employing labour power".
Red Marriot, critical…
Red Marriott, critical analysis of the context in which Azhar Ali spoke are in the link beneath the quote.
darren p, this is not the space to discuss the processes by which capital valorises itself by means of destruction of a portion of itself, and its "hands". Others may wish to explain this process to you here