Costs Tax Payers Millions
Get out your wallet; you're about to fund an international economic war
at the behest of a foreign power
to the detriment of the United States.
EXCLUSIVE TO THE SPOTLIGHT
By Warren Hough
Israel, long given to fomenting unrest and strife among its neighbors, has now declared war on Russia and, as usual it is sending American taxpayers to fight its battles. But this time, the cost is likely to be prohibitive, potentially rising to tens of billions of dollars, regional policy analysts and diplomatic observers have warned the Clinton administration.
The events leading to the latest international crisis lead back to May 18, when Yuli Vorontsov, the Russian ambassador to the U.S. was summoned to the annual policy conference of the American Israel Public Affairs Committee (AIPAC), the most powerful and aggressive alien pressure group in Washington, The SPOTLIGHT's own investigation has discovered.
A computerized record of the meeting, never publicly released but obtained by this populist newspaper, revealed that at the AIPAC gathering. Vorontsov found himself confronting Israel's minister for industry and trade, Natan Sharansky. The Israeli leader was flanked by several key U.S. lawmakers, including Rep. Newt Gingrich, (R-Ga.) speaker of the House, as well as Sen. Jon Kyl (R-Ariz.) and Rep. Jane Harman (D-Calif.).
The ambassador should know, Rep. Harman began, that the U.S. Congress found it "urgent. . . absolutely imperative" to intervene directly in a series of high-tech trade deals between Russia and Iran. No matter what the White House did, Congress was determined "Not only to stop [these] transfers, that's just part of it, but do the maximum we can to stop Iran from capability," Harman announced. To halt any further cooperation between Russian and Iranian scientists or technicians, 80 U.S. senators have sponsored a bill imposing stringent economic sanctions on Russia, Vorontsov was told. "This legislation is in response to our administration's failure to impose sanctions," Harman warned.
The stunned Russian envoy could only stammer that any such legislation "is going to be counter-productive. . . and could be a very bad reaction in Russia in the economic circle. Russia is already doing a great deal to block any sales of the weapons or missiles technology to Iran, discussing necessary measures with a newly formed U.S.-Russian export-control commission and sponsoring legislation in the Duma, Russia's parliament, to curb all military-related sales aboard, Vorontsov protested. Moreover, the threat of sanctions would be "counter-productive so far as Russian-American economic relations are concerned," Vorontsov warned.
TOLD YOU SO
He was quickly proven right. Within days of this meeting, Wall Street currency speculators, moved by deep ethnic and emotional ties to Zionism, launched a series of raids on the ruble, Russia's national currency, plunging it to record lows. The Moscow stock market reeled, losing almost half its value in a fortnight. Hit by an explosive economic crisis, Russia's central bank raised interest rates to a crushing 150 percent and President Yeltsin turned to the Clinton administration for help. On June 1, President Bill Clinton announced that the U.S. would support large-scale emergency economic aid to stave off the collapse of the Yeltsin government.
Just how this latest megabailout is to be financed through the International Monetary Fund, which in turn would rely on $18 billion in additional U.S. contributions, or by other means, is not yet clear. What is clear is that in its eagerness to please Israel, the U.S. Congress has stumbled into triggering "one of the most expensive, and needless, economic breakdowns ever confronting American taxpayers, who will ultimately have to foot the bill for these follies," concluded Dr. Paul Adler, the noted international economist.
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