Wednesday, April 23, 2014

American Betrayal

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"This explosive book is a long-needed answer to court histories that continue to obscure key facts about our backstage war with Moscow. Must-reading for serious students of security issues and Cold War deceptions, both foreign and domestic."

-- M. Stanton Evans, author of Stalin's Secret Agents and Blacklisted by History: The Untold Story of Senator Joe McCarthy and His Fight Against America's Enemies

"[West] only claims `to connect the dots,' which is a very modest description of the huge and brilliant work she has obviously done. ... It is not simply a good book about history. It is one of those books which makes history."

-- Vladimir Bukovsky, author of To Build a Castle and co-founder of the Soviet dissident movement, and Pavel Stroilov, author of Behind the Desert Storm.

"Every once in a while, something happens that turns a whole structure of preconceived ideas upside down, shattering tales and narratives long taken for granted, destroying prejudice, clearing space for new understanding to grow. Diana West's latest book, American Betrayal, is such an event."
 
-- Henrik Raeder Clausen, Europe News

"No book has ever frightened me as much as American Betrayal. ... It all adds up to a story so disturbing that it has changed my attitude to almost everything I think about how the world actually is."

-- Steven Kates, Quadrant

“What Diana West has done is to dynamite her way through several miles of bedrock. On the other side of the tunnel there is a vista of a new past. Of course folks are baffled. Few people have the capacity to take this in. Her book is among the most well documented I have ever read. It is written in an unusual style viewed from the perspective of the historian—but it probably couldn’t have been done any other way.”

-- Lars Hedegaard, historian, editor, Dispatch International

"Diana West's new book rewrites WWII and Cold War history not by disclosing secrets, but by illuminating facts that have been hidden in plain sight for decades. Furthermore, she integrates intelligence and political history in ways never done before."

-- Jeffrey Norwitz, former professor of counterterrorism, Naval War College

Do not be dissuaded by the controversy that has erupted around this book which, if you insist on complete accuracy, would be characterized as a disinformation campaign.

-- Jed Babbin, The American Spectator

Enlightening. I give American Betrayal five stars only because it is not possible to give it six."

-- John Dietrich, formerly of the Defense Intelligence Agency and author of The Morgenthau Plan: Soviet Influence on American Postwar Policy.

"Diana West masterfully reminds us of what history is for: to suggest action for the present. She paints for us the broad picture of our own long record of failing to recognize bullies and villains. She shows how American denial today reflects a pattern that held strongly in the period of the Soviet Union. She is the Michelangelo of Denial.”

-- Amity Shlaes, author of Coolidge and The Forgotten Man: A New History of the Great Depression

If you're looking for something to read, this is the most dazzling, mind-warping book I have read in a long time. It has been criticized by the folks at Front Page, but they don't quite get what Ms. West has set out to do and accomplished. I have a whole library of books on communism, but -- "Witness" excepted -- this may be the best.

-- Jack Cashill, author of Deconstructing Obama: The Lives, Loves and Letters of America's First Postmodern President and First Strike: TWA Flight 800 and the Attack on America

American Betrayal is a monumental achievement. Brilliant and important.

-- Monica Crowley, Fox News analyst, radio host and author of What the Bleep Just Happened: The Happy Warriors Guide to the Great American Comeback

"If you haven't read Diana West's "American Betrayal" yet, you're missing out on a terrific, real-life thriller."

-- Brad Thor, author of the New York Times bestsellers Hidden Order, Black List and The Last Patriot.


If the Soviet penetration of Washington, D.C., was so wide and so deep that it functioned like an occupation …
 
If, as a result of that occupation, American statecraft became an extension of Soviet strategy …
 
If the people who caught on – investigators, politicians, defectors – and tried to warn the American public were demonized, ridiculed and destroyed for the good of that occupation and to further that strategy …
 
And if the truth was suppressed by an increasingly complicit Uncle Sam …

Would you feel betrayed?

Now available from St. Martin's Press, American Betrayal: The Secret Assault on Our Nation’s Character

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Jan 23

Written by: Diana West
Wednesday, January 23, 2008 6:14 PM 

Writing at Human Events, Alyssa A. Lappen and Dr. Rachel Ehrenfeld put something important on the line:

All presidential candidates promise to fix our economy, but no one discusses the need to better safeguard our financial markets.

So, what do the candidates for Leader of the Free World plan to do to better safeguards the Free World's financial markets?? Because, boy, do they need safeguarding.

Lappen and Ehrenfeld continue:

The Committee on Foreign Investment in the U.S. (CFIUS), approved Bourse Dubai’s purchase of 20% of the America's largest electronic exchange, New York-based Nasdaq,  on Dec. 31, 2007.

Sneaked that one by us, didn't they?
 
This may soon give Dubai access to the troubled Boston Stock Exchange (BSE), through Nasdaq’s proposed BSE acquisition, which is now pending before the Securities and Exchange Commission (SEC).

“Foreign ownership of our capital markets may make it more difficult for shareholders to obtain information about the inner workings of the stock market,” notes Brent Baker, a former SEC Special Counsel. Nasdaq, like most U.S. exchanges, 5,100 brokerage houses and registered securities representatives, is regulated by the Washington, D.C.-based Financial Industry Regulatory Authority (FINRA). The Philadelphia Stock Exchange (PHLX), however, and the problematic BSE with its rather murky track record of non-compliance, retained their independent self-regulatory organization (SRO) status. Now, Nasdaq plans to purchase both.

“What do the regulators currently do to monitor the BSE, which up until now had been sanctioned several times for failure to regulate itself?” Baker wonders. Indeed, the SEC sanctioned the BSE in 1999 and 2007 for illegal practices. The September 5, 2007 sanction was for the BSE failure to enforce its own rules or comply with a 1999 SEC directive, and for illegal trading activities - including forward trading, from 1999 through 2004.  On the same day, the U.S. District Court for the District of Massachusetts ordered former BSE President James Crofwell, to pay a $75,000 penalty “for aiding and abetting the Exchange's failure to enforce its rules.”

The BSE history raises especially thorny questions about market manipulation and the possibility that unsupervised foreigner investors and securities firms may borrow or manipulate U.S. company stocks, adversely affecting domestic markets and further eroding investor confidence.

Since Bourse Dubai promotes its status as the world’s first and leading Islamic securities exchange, its influence could affect the listings on Nasdaq. Dubai might leverage the "sovereign immunity" of both the BSE and PHLX to list and delist companies on Nasdaq. SEC rules in that case could be irrelevant, and the effects on the U.S. capital  markets and economy could be enormous. For example, pharmaceutical companies producing Viagra and contraceptives could be delisted, as could companies based in or doing business with Israel.

“This is a slippery slope,” says Baker, “if the SEC approves the Nasdaq’s purchase of the BSE and PHLX, and they both keep their SRO licenses.”

American regulators “believe in honest and complete disclosure and people invest with the understanding that they will make or loose money depending on their judgment, the markets and the economy,” says John W. Moscow, former Assistant District Attorney and Deputy Chief of Investigations under New York District Attorney Robert Morgenthau.

“In England,” where Dubai will shortly acquire Nasdaq’s 28% stake in the London Stock Exchange, he says, “the governing philosophy is that if God did not want [investors] shorn, he would not have made them sheep.”

The integrity of regulations in Dubai is a more important problem. To attract business, “they are willing to omit the costs of regulation and compliance that exist elsewhere.” Dubai traders deal in arms, women, drugs, and money laundering. “As long as [traders] deliver the money, and so long as the market does what it is supposed to do, it is sufficient,” says Moscow.

 

 

 

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