Saturday, May 06, 2023

American Betrayal

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"It is not simply a good book about history. It is one of those books which makes history. ... "

-- Vladimir Bukovsky, co-founder of the Soviet dissident movement and author of Judgment in Moscow, and Pavel Stroilov, author of Behind the Desert Storm.

"Diana West is distinguished from almost all political commentators because she seeks less to defend ideas and proposals than to investigate and understand what happens and what has happened. This gives her modest and unpretentious books and articles the status of true scientific inquiry, shifting the debate from the field of liking and disliking to being and non-being."

-- Olavo de Carvalho

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

"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

West's lesson to Americans: Reality can't be redacted, buried, fabricated, falsified, or omitted. Her book is eloquent proof of it.

-- Edward Cline, Family Security Matters

"I have read it, and agree wholeheartedly."

-- Angelo Codevilla, Professor Emeritus of International Relations at Boston Unversity, and fellow of the Claremont Institute. 

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.

After reading American Betrayal and much of the vituperation generated by neoconservative "consensus" historians, I conclude that we cannot ignore what West has demonstrated through evidence and cogent argument.

-- John Dale Dunn, M.D., J.D., Journal of American Physicians and Surgeons

"A brilliantly researched and argued book."

-- Edward Jay Epstein, author of Deception: The Invisible War between the KGB and the CIA, The Annals 0f Unsolved Crime 

"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

Her task is ambitious; her sweep of crucial but too-little-known facts of history is impressive; and her arguments are eloquent and witty. ... American Betrayal is one of those books that will change the way many of us see the world.

-- Susan Freis Falknor, Blue Ridge Forum

"American Betrayal is absolutely required reading. Essential. You're sleepwalking without it."

-- Chris Farrell, director of investigations research, Judicial Watch

"Diana West wrote a brilliant book called American Betrayal, which I recommend to everybody ... It is a seminal work that will grow in importance." 

-- Newt Gingrich, former House Speaker 

"This is a must read for any serious student of history and anyone working to understand the Marxist counter-state in America."

-- John Guandolo, president, Understanding the Threat, former FBI special agent 

It is myth, or a series of myths, concerning WW2 that Diana West is aiming to replace with history in 2013’s American Betrayal.

If West’s startling revisionism is anywhere near the historical truth, the book is what Nietzsche wished his writings to be, dynamite.

-- Mark Gullick, British Intelligence 

“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, journalist, founder, Danish Free Press Society

The polemics against your Betrayal have a familiar smell: The masters of the guild get angry when someone less worthy than they are ventures into the orchard in which only they are privileged to harvest. The harvest the outsider brought in, they ritually burn.

-- Hans Jansen, former professor of Islamic Thought, University of Utrecht 

No book has ever frightened me as much as American Betrayal. ... [West] patiently builds a story outlining a network of subversion so bizarrely immense that to write it down will seem too fantastic to anyone without the book’s detailed breadth and depth. 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. ... By the time you put the book down, you have a very different view of America’s war aims and strategies. The core question is, did the USA follow a strategy that served its own best interests, or Stalin’s? And it’s not that it was Stalin’s that is so compelling, since you knew that had to be the answer, but the evidence in detail that West provides that makes this a book you cannot ignore. 

-- Steven Kates, RMIT (Australia) Associate Professor of Economics, Quadrant

"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

[American Betrayal is] the most important anti-Communist book of our time ... a book that can open people's eyes to the historical roots of our present malaise ... full of insights, factual corroboration, and psychological nuance. 

-- J.R. Nyquist, author, Origins of the Fourth World War 

Although I know [Christopher] Andrew well, and have met [Oleg] Gordievsky twice, I now doubt their characterization of Hopkins -- also embraced by Radosh and the scholarly community. I now support West's conclusions after rereading KGB: The Inside Story account 23 years later [relevant passages cited in American Betrayal]. It does not ring true that Hopkins was an innocent dupe dedicated solely to defeating the Nazis. Hopkins comes over in history as crafty, secretive and no one's fool, hardly the personality traits of a naïve fellow traveler. And his fingerprints are on the large majority of pro-Soviet policies implemented by the Roosevelt administration. West deserves respect for cutting through the dross that obscures the evidence about Hopkins, and for screaming from the rooftops that the U.S. was the victim of a successful Soviet intelligence operation.

-- Bernie Reeves, founder of The Raleigh Spy Conference, American Thinker

Diana West’s American Betrayal — a remarkable, novel-like work of sorely needed historical re-analysis — is punctuated by the Cassandra-like quality of “multi-temporal” awareness. ... But West, although passionate and direct, is able to convey her profoundly disturbing, multi-temporal narrative with cool brilliance, conjoining meticulous research, innovative assessment, evocative prose, and wit.

-- Andrew G. Bostom, PJ Media

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

In American Betrayal, Ms. West's well-established reputation for attacking "sacred cows" remains intact. The resulting beneficiaries are the readers, especially those who can deal with the truth.

-- Wes Vernon, Renew America

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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May 6

Written by: Diana West
Wednesday, May 06, 2009 5:54 AM 

A signal moment has come in President Obama's administration: Citizens are beginning to speak out about its thuggish, strong-arm and surreal takeover of the US economy. Why? Because, in the bold words of hedge fund manager Clifford S, Asness, the free enterprise system "is not the owned lackey of the oval office to be scolded for disobedience by the president."

Too bad the media is that owned lackey who won't even cover this kind of thing. From The Business Insider

Unafraid In Greenwich Connecticut
Clifford S. Asness
Managing and Founding Principal
AQR Capital Management, LLC

The President has just harshly castigated hedge fund managers for being unwilling to take his administration’s bid for their Chrysler bonds. He called them “speculators” who were “refusing to sacrifice like everyone else” and who wanted “to hold out for the prospect of an unjustified taxpayer-funded bailout.”

The responses of hedge fund managers have been, appropriately, outrage, but generally have been anonymous for fear of going on the record against a powerful President (an exception, though still in the form of a “group letter”, was the superb note from “The Committee of Chrysler Non-TARP Lenders” some of the points of which I echo here, and a relatively few firms, like Oppenheimer, that have publicly defended themselves). Furthermore, one by one the managers and banks are said to be caving to the President’s wishes out of justifiable fear.

I run an approximately twenty billion dollar money management firm that offers hedge funds as well as public mutual funds and unhedged traditional investments. My company is not involved in the Chrysler situation, but I am still aghast at the President's comments (of course these are my own views not those of my company). Furthermore, for some reason I was not born with the common sense to keep it to myself, though my title should more accurately be called "Not Afraid Enough" as I am indeed fearful writing this... It’s really a bad idea to speak out. Angering the President is a mistake and, my views will annoy half my clients. I hope my clients will understand that I’m entitled to my voice and to speak it loudly, just as they are in this great country. I hope they will also like that I do not think I have the right to intentionally “sacrifice” their money without their permission.

Here's a shock. When hedge funds, pension funds, mutual funds, and individuals, including very sweet grandmothers, lend their money they expect to get it back. However, they know, or should know, they take the risk of not being paid back. But if such a bad event happens it usually does not result in a complete loss. A firm in bankruptcy still has assets. It’s not always a pretty process. Bankruptcy court is about figuring out how to most fairly divvy up the remaining assets based on who is owed what and whose contracts come first. The process already has built-in partial protections for employees and pensions, and can set lenders' contracts aside in order to help the company survive, all of which are the rules of the game lenders know before they lend. But, without this recovery process nobody would lend to risky borrowers. Essentially, lenders accept less than shareholders (means bonds return less than stocks) in good times only because they get more than shareholders in bad times.

The above is how it works in America, or how it’s supposed to work. The President and his team sought to avoid having Chrysler go through this process, proposing their own plan for re-organizing the company and partially paying off Chrysler’s creditors. Some bond holders thought this plan unfair. Specifically, they thought it unfairly favored the United Auto Workers, and unfairly paid bondholders less than they would get in bankruptcy court. So, they said no to the plan and decided, as is their right, to take their chances in the bankruptcy process. But, as his quotes above show, the President thought they were being unpatriotic or worse.

Let’s be clear, it is the job and obligation of all investment managers, including hedge fund managers, to get their clients the most return they can. They are allowed to be charitable with their own money, and many are spectacularly so, but if they give away their clients’ money to share in the “sacrifice”, they are stealing. Clients of hedge funds include, among others, pension funds of all kinds of workers, unionized and not. The managers have a fiduciary obligation to look after their clients’ money as best they can, not to support the President, nor to oppose him, nor otherwise advance their personal political views. That’s how the system works. If you hired an investment professional and he could preserve more of your money in a financial disaster, but instead he decided to spend it on the UAW so you could “share in the sacrifice”, you would not be happy.

Let’s quickly review a few side issues.

The President's attempted diktat takes money from bondholders and gives it to a labor union that delivers money and votes for him. Why is he not calling on his party to "sacrifice" some campaign contributions, and votes, for the greater good? Shaking down lenders for the benefit of political donors is recycled corruption and abuse of power.

Let’s also mention only in passing the irony of this same President begging hedge funds to borrow more to purchase other troubled securities. That he expects them to do so when he has already shown what happens if they ask for their money to be repaid fairly would be amusing if not so dangerous. That hedge funds might not participate in these programs because of fear of getting sucked into some toxic demagoguery that ends in arbitrary punishment for trying to work with the Treasury is distressing. Some useful programs, like those designed to help finance consumer loans, won't work because of this irresponsible hectoring.

Last but not least, the President screaming that the hedge funds are looking for an unjustified taxpayer-funded bailout is the big lie writ large. Find me a hedge fund that has been bailed out. Find me a hedge fund, even a failed one, that has asked for one. In fact, it was only because hedge funds have not taken government funds that they could stand up to this bullying. The TARP recipients had no choice but to go along. The hedge funds were singled out only because they are unpopular, not because they behaved any differently from any other ethical manager of other people's money. The President’s comments here are backwards and libelous. Yet, somehow I don’t think the hedge funds will be following ACORN’s lead and trucking in a bunch of paid professional protestors soon. Hedge funds really need a community organizer.

This is America. We have a free enterprise system that has worked spectacularly for us for two hundred plus years. When it fails it fixes itself. Most importantly, it is not an owned lackey of the oval office to be scolded for disobedience by the President....


Yowzah. A barnburner like this one makes me wonder whether the next conservative capitalist leader of note is right now managing a hedge fund just like Asness. Who know--maybe it's Asness himself. Sure sounds better than all the Caspar Milquetoasts out there put together.

 

 

 

 

 

 

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-- Newt Gingrich, former Speaker of the House, Fox News contributor, and author of numerous bestselling books.

"This fascinating new book by Diana West, a leading expert on the history of American communism, offers intriguing insights into the anti-Trump conspiracy. Ms. West teases out highly interesting, and disturbing, facts about many of the anti-Trump conspiracy players. But more importantly, she lays out a larger framework in which to view the philosophical drivers of many of the conspirators, who fall into the Marxist/globalist/collectivist political camp. This is in direct opposition to the capitalist/nationalist/individualistic political camp led by Donald Trump. Trump was anathema to these individuals because he represented an existential threat to the globalist enterprise, which has been so long in the making." 

-- William Marshall, Senior Investigator, Judicial Watch, and an intelligence analyst and investigator in the government, private, and non-profit sectors for more than 30 years.

"Once again, Diana West, as she did in American Betrayal, has scored a home run for truth. Diana's research and analysis are superb. The Red Thread provides an excellent opportunity for Americans to learn the identity of those whose agenda is not in keeping with America's patriotic ideals, and who would undermine its very existence. The Red Thread should be required reading for true patriots who serve in America's government, not to mention those who attend the nation's military academies and war college. Diana West is to be saluted for her patriotism, dedication and her passion for truth."

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— Jeff Nyquist, author of Origins of the Fourth World War

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-- Peter Schweizer, author of Secret Empires and Clinton Cash


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