Welcome back folks. We continue with our narrative on South Africa. The Second World War spanned a period of 6 years, 1939-1945. At the end of it, Eurasia was a pile of smoking heap. All of Europe’s colonial powers were on their knees. The British Empire suffered the most financially. In South Africa, the British rule gave way to Afrikaner rule, when, in 1948, the policy of apartheid (separateness) was adopted when National Party (NP) took power.
1950 – Population classified by race. Group Areas Act passed to segregate blacks and whites. Communist Party banned. ANC responds with campaign of civil disobedience, led by Nelson Mandela.
Ernest Oppenheimer’s son, Harry, assumes control of Anglo American/De Beers complex on the death of his father. When, in 1961, South Africa left the British Commonwealth and became a Republic, it was a signal to both New York and London, that the pressure must be applied on Pretoria. An important point to remember is that though these two entities have financial and economic control of South Africa, what they do not have is political control. And without political control, full power cannot be exercised.
The first move took place a few months earlier. In March 1960, the police killed 69 Africans who were protesting against the Pass Laws. This Sharpeville shooting drew heavy condemnation from around the world.
How ironic, Africans protesting against an Afrikaner government for a law originally passed by Jewish interests. But here, the Afrikaners take full blame. When they assumed political power in 1948, instead of dismantling and reversing all the Jewish-inspired rules and laws, they foolishly took this concept much further by bringing in the Population Registration Act, classifying people as White, Black, Colored, and Indian. This act spawned a child, the Group areas Act, in 1949, which forced these above population groups to live in separate areas, according to race.
1960 – ANC banned.
1961 – South Africa declared a republic, leaves the Commonwealth. Mandela heads ANC’s new military wing, which launches sabotage campaign. The ANC led a campaign of disrupting the state, but after a while, many of its leaders were caught, and during the infamous Rivonia trial, most of those convicted were sent to Robben Island to serve out their jail terms.
1964 – ANC leader Nelson Mandela sentenced to life imprisonment.
1960s – International pressure against government begins, South Africa excluded from Olympic Games.
THE STATE VS THE OPPENHEIMER COMPLEX:
Harry Oppenheimer had a problem in dealing with the Afrikaner government. In the corridors of power in Pretoria and Cape Town, his power and influence was not welcomed at all, even though one could not do without the other. He was derisively known as “Hoggenheimer”, an insulting remark. What Harry O needed was someone in the government who will listen to someone of their own kind – an Afrikaner businessman – who has somewhat very similar problems as the Anglo Group.
A giant Afrikaner conglomerate, SANLAM, had a subsidiary called Federal Mynbou. In 1963, Federale Mynbou acquired control of the second-largest mining group, General Mining and Finance Corporation, resulting in a new company called Federal Mynbou General Mining, eventually shortened to GENCOR. This deal was engineered by Harry O, for the reason stated above. Harry O now had his “Trojan Horse” in Pretoria and Cape Town. But this deal brought about forces that could cripple, maybe even destroy the Oppenheimer complex.
To understand what happens next, let us study the National Party. This party itself had two wings; a British-leaning wing based in Cape Town called the ‘verligte’ or liberal wing. The Rupert family is of this wing. And a nationalistic wing centered in the Transvaal province was known as the ‘verkrampte’wing. It was this Transvaal faction that pushed through the post-1948 industrialisation program. This turned South Africa into an industrial power, as opposed to only an exporter of raw materials. To its enemies, this faction was known as the hardliners.
When Harry O created an opening for the Afrikaner business world to enter into the world of mining and finance, it brought into the open the enmity between the Transvaal faction and the Oppenheimer complex. The Transvaal faction still pursued its vendetta against Anglo (they remembered the more than 20,000 women and children of the Afrikaners who died in British concentration camps during the Anglo-Boer War), and succeeded in mounting a damaging investigation of Anglo’s economic power. And this eventually backfired disastrously on the Transvaal faction when it resulted in the assassination of the Prime Minister, Hendrik Vervoed.
The ASSASSINATION OF PRIME MINISTER VERVOED:
Dr. Albert Hertzog, leader of the hardline verkrampte wing, commissioned an internal report from a Professor Hoek at the University of Pretoria. This 600-page was completed in early 1965. Hertzog was acting under a secret mandate from the Prime Minister.
The Hoek Report described Anglo as the largest private group in the country, large enough to be able to frustrate government policies. It claimed that Anglo paid a disproportionately low level of tax, which amounted to a loss of government revenue running into the millions of Rands. In fact, in 1995, the SA Breweries Group paid more in taxes than the entire gold mining industry put together. Hoek pointed out that as an important supplier of key minerals to South Africa’s defence industry, Anglo should be brought under stricter government control. He suggested that its operational boundaries in South Africa be limited, and restrictions placed on its foreign-based companies such as Charter Consolidated in London.
In the investigation of the ramifications of the Anglo/De Beers complex, Hoek concluded that South Africa could not contain two such power centers; only one of the two will end up surviving. Hoek concluded that it was in the interest of the State that this complex be nationalized, broken-up and dismantled into many small pieces, so that the threat to the State will be removed.
With this in mind, Prime Minister Hendrik Vervoed opened Parliament, in September 1966. One of his first acts was going to be the implementation of the conclusion of the 600-page Hoek report. But, alas, Harry O came to know about the intentions of Vervoed. Within minutes of opening Parliament, a Greek messenger Tsefandis, stabbed Vervoed to death. The Prime Minister died and so did the Hoek report. P.W. Botha, an Nat MP, and a member of the Transvaal faction jumped up from his chair, and rushed over to Helen Suzman (who was head of the opposition United Party – Oppenheimers political party at that time) pointed his finger at her, and shouted , “ You—you—I know it was your people behind this outrage!” No proof exists, but in cases like this, the one question to ask, is “Who benefits?” This report was then classified a State Secret. Within a few years, the only copy in existence is safely ensconced in Harry O’s private library at Brenthurst, his private residence in Johannesburg.
THE ROCKEFELLER EMPIRE MOVES INTO AFRICA:
At the end of World War 2, Eurasia lay in ruins. The United States, its territory untouched by war, besides Pearl Harbor, was victorious. Europe was devastated, and broke. The most powerful faction within the American power elite, the five Rockefeller brothers, rearranged the political and financial world to suit their new agenda, one that came to be called the “American Century”. More on this to follow in the article on the Rockefeller Empire. Their father, John D Rockefeller 2nd, parceled out the world to his sons: The eldest John D the 3rd, got Asia, Lawrence got Europe, Nelson got Latin America, while the youngest David got Africa. It was their areas of responsibility. The 5th brother Winthrop did not like his brothers much, and he went on his own, and settled in the American state of Arkansas. It was decades later that a politician emerged from this Winthrop Rockefeller Arkansas machinery, who would become an American President, the infamous Bill Clinton.
The biggest obstacle on the path to global dominance by the Americans was still the British Empire. Over the course of the 1950s and 60s, under tremendous pressure from New York, most of the European countries gave up the colonies. Into this free-for-all, the Rockefeller Empire took over control of most of the former colonial countries, be it in Asia, the Middle East and Africa.
David Rockefeller moved swiftly, starting in the early 1950s. He moved into Nigeria, Congo, and South Africa.
In South Africa, David’s Chase Manhattan Bank bought a majority stake in Africa’s leading bank, the Standard Bank of South Africa. His oil empire enabled the establishment of an oil-from-coal project, Sasol, working in partnership with the state. Although the white population of South Africa was about 10% of the total population, one finds most of the world’s multinationals having operations in the country. The reason was very high profit margins.
In the Congo, the American-attempted takeover led to a vicious proxy fight between London and New York for control of that country. Between 1959 and 1963, the first war took place. Many casualties ensued; the most famous was when the Rothschilds killed Rockefeller’s man, UN Secretary-General Dag Hammarsjkold, in Ndola, Zambia.
B.J. VORSTER BECOMES PRIME MINISTER:
The new Prime Minister, Vorster, knew better than to undermine the engine of South Africa’s economy and one of its much-needed sources of foreign investment. What was more, Anglo’s transport company was secretly shoring up the illegal regime of Ian Smith in Rhodesia- and indirectly protecting South Africa’s northern borders by helping the oil companies evade sanctions. Vorster’s geopolitical and strategic aims for the region coincided with Anglo’s wish to expand to the north. Vorster then threw Hertzog out of the cabinet, and Harry O was able to develop cordial relations with Vorster.
Although South Africa is richly-endowed with many natural resources, and the country has many advantages, it has two key weaknesses. These lie principally on its dependence on oil and foreign capital inflows. South Africa has no oil, and to avoid being placed in a corner, it pursued two strategies. The first was to import oil from a friendly source – Iran (the Shah of Iran’s father was in exile in South Africa – being put there by the British during the war years) and to build up its strategic reserves. The second was to develop an oil-from-coal industry as the country was rich in coal deposits. A key advantage was that the country had consistent food surplus, which were often exported.
South Africa was a pariah state internationally due to its apartheid policies. Many western countries had major investments and operations in the country. The country was just too rich to ignore. It had many covert and hidden links with Israel and the Soviet Union. The South Africa-Israel connection had many threads, ranging from diamonds, nuclear weapons, bio-warfare, arms, intelligence, and the fact that there was a large and influential Jewish population residing in South Africa. Not least is that both Israel and the Anglo/DeBeers complex had the same father-the Rothschild family.
Many covert links existed between South Africa and the Soviet Union during the apartheid days. Other than their political ideologies, both had a lot in common. Both were very rich in certain raw materials and combined, could and did exercise great control over international markets e.g. gold, diamonds and platinum. They were the two largest producers in these, and the world price of gold was fixed, twice daily, at the offices of N.M. Rothschild & Sons in London. Secondly, both were also the largest producers of diamonds, and once again, a Oppenheimer/Rothschild entity-De Beers, was the international diamond cartel in ensuring that prices stayed high, and supplies low. In many other minerals, there was close co-operation between Moscow and 44 Main Street, the headquarters of Anglo in Johannesburg. Pretoria was aware of most, if not all of these deals.
THE BEGINNING OF THE END:
In October 1973, the 4th Arab-Israeli war broke out. In the ensuing oil embargo with the resulting 400% increase in the price of oil, led to a major global recession. Import-depended countries such as France and Germany approached Iran with a proposal. It went something like this. France and Germany wanted a long-term oil supply agreement with Iran, in which France and Germany will purchase oil from Iran, and this oil would be paid not in dollars, but in French Francs and German Marks. Iran wanted a guarantee of a stable and strong currency from these two countries. The solution was to use gold-backing for the franc and the mark. And where to get the gold from? The answer was South Africa, who was exporting their gold to London and Switzerland. So, the deal brought in South Africa. And what would South Africa get for its co-operation? A more secure supply of oil, and a promise from France and Germany to industrialize South Africa. The deal was on! A clear example of this legacy is the Koeberg nuclear reactor in the Cape, built with Franco-German knows how. This was one of many.
Furthermore, in August of 1971, US President Nixon, under instructions from David Rockefeller closed the dollars-for-gold facility, in order to hold onto whatever remained of its gold reserves. It was also a blow to the Rothschilds, financial warfare at its best. The Americans were determined to remove gold as a tool in international finance. They moved from a gold-dollar standard to a petro-dollar standard, in 1975. They were determined not to bring gold back in international financial calculations. In short, Wall Street declared war on gold!
In January 1975, at a meeting held in David’s office in the Chase building, attended by the heads of his oil companies, along with the head of the French Rothschilds, and the heads of their oil companies, a decision was made to get rid of the Shah of Iran and replace him with a religious leader – Ayatollah Khomeini. (To read the full story on this, please read the Iran file , in Volume 1, issue no 4 : Iran a Case Study –Part 2)
The key leader of this trilateral deal between Europe, Iran and South Africa was Dresdner bank head Jurgen Ponto. In December 1978, the Shah of Iran was toppled and replaced by Khomeini. The prospect of solutions in South Africa based on economic developments surfaced in the mid-1970s. The South African end was headed by a charismatic financial player, Dr. Robert Smit, head of Santam International Bank. Ponto planned not merely a German-South Africa axis based on strategic minerals, but an in-depth industrialization program for the region, utilizing nuclear power and importing capital goods from Germany. Implementation of the Ponto Plan would have created the economic basis for a successful transformation to majority rule, in contrast with the Oppenheimer approach of coupling pious proclamations against apartheid and for majority rule, with destructive economic measures such as sanctions, usury, deregulation and privatization.
The Ponto Plan was never brought to life. Jurgen Ponto was assassinated by a CIA-controlled outfit, the Baader-Meinhof Gang in July 1977. In 1975 Smit was director of the Department of Finance, but resigned that post in January 1976 to become the head of the newly-formed Santam International Bank. With the Ponto Plan in mind, PM Vorster had been grooming Smit to be the next Finance Minister. Nearly 4 months later, on November 22, 1977, Smit was murdered at his home in Springs, Johannesburg, with the killers crawling the words “RAU TEM” on the walls.
The killers were never found. Who had him killed? The answer is obvious. It was either London or New York. This was the era of the Kissinger/Carrington project to usher in a period of “controlled disintegration” of the global economy. First started in Britain, under Prime Minister Margaret Thatcher, this disease spread outwards, first into the US, and thereafter to the entire global economy. Each was under instructions by their respective masters – Kissinger for the Rockefellers and Carrington for the Rothschilds.
In South Africa, there was a double-destabilization plan; an external and an internal one.
THE EXTERNAL PLAN:
The Angolan Debacle – Portugal was a colonial power, and was in control of both Mozambique and Angola. In April 1974, the CIA blew up the car of Portugal’s then Prime Minister, Marcello Caetano. This was followed by a military coup. The Rockefellers were eyeing the massive resources of Angola, from diamonds, to coffee, to oil. Cabinda was an enclave of Angola, and it was rich in oil. We are not going to delve into the geopolitics of Angola. That is better left for later articles.
Within a few weeks after the coup in Portugal, both Angola and Mozambique were thrown to the wolves. Both countries gained independence in 1975. Rockefeller protégé Henry Kissinger persuaded South Africa to invade Angola to support the anticommunist guerilla group, UNITA. It was a colossal mistake. This was done in August 1975. Within a short time, South African forces reached the outskirts of Luanda, and Kissinger sent word to the Cubans to assist the Angolans in pushing the South Africans out. It was classic Kissinger geopolitics! Simultaneously, Kissinger applied pressure on Pretoria to stop, and then withdraw. South Africa lost face as well as a fortune on this useless exercise.
Due to this huge expenditure, Pretoria had to borrow money from the Reserve Bank to cover its first ever budget deficit. This resulted in the introduction of a consumer tax known as the General Sales Tax, or GST. This income was used to pay the interest and principle on this war loan.
Originally introduced at a rate of 4%, it has escalated over the past 4 decades to the present rate of 14%, and is now called the Value Added Tax, or VAT. It is soon expected to climb to 15% in 2018! Monies collected under VAT is used primarily to fund the government’s interest bill, which now makes up the second-largest component of the government budget. In 1975, the government had no interest bills to pay.
We will come back to Angola later. We now move onto the internal part of the destabilization plan.
THE INTERNAL PLAN:
One of the world’s first color revolutions took place in South Africa in 1976. It was called the Soweto Riots, named after the largest black township in South Africa. Located just outside Soweto, a township whose original brainchild was none other than Harry O. He wanted a nearby source of cheap labor, and presto! Soweto was born.
School children rallied against the white government, which suppressed this brutally. Using the excuse of the forcible use of the Afrikaans language in schools, which the blacks were not happy about, the US USIS offices, was the headquarters for this riots. These riots eventually spread to other black townships throughout the country. In these riots, more than 600 blacks were killed. Coming on top of the external destabilization on its borders, Pretoria became bewildered and was under siege. It borrowed more on international markets to calm the internal situation and placate its white voters. Around this time, Pretoria decided to fight back. It did this through two ways. The first was to actively intervene militarily in the bordering countries. The second was through the media.
As a means of informing and influencing public opinion, Pretoria needed to own an English-language daily newspaper, both in South Africa, as well as in the US, from which most of the damaging attacks were emanating.
A Durban-based daily newspaper, The Natal Mercury (owned by the Robinson family) was a covert takeover target by Pretoria. At the last minute Harry O came to know about it and using his Argus Publishing Co., made the Robinson family a better offer and snatched it out from under the nose of Eschel Rhoodie, Vorster’s Minister of Information.
Simultaneously, Eshel Rhoodie planned to buy a newspaper in the US, The Washington Star, for $10 million, but by now both the Oppenheimer and Rockefeller networks were keeping a close eye on South African intelligence services, BOSS (The Bureau of State Security), and its head General Van Den Burgh. Massive pressure was applied in Washington to ensure that this paper did not fall into South African hands.
Finally, in frustration and desperation, Rhoodie then decided on starting up a paper from scratch – and thus was born the Citizen newspaper. Right from inception this paper had one single aim, and that was to inform the world of the moves of the two families, in this case the Oppenheimers and the Rockefellers. In its editorial column was where it all happened and revealed. The editor in question was a lady by the name of Aida Parker, who, previously worked as the personal secretary of the head of BOSS, Van den Burgh. All her information was accurate, and provided by BOSS.
Throughout the entire world, this was the only English-language daily that was exposing the machinations of these two families, with a special emphasis on southern Africa. There was panic in Johannesburg, London and New York. Plans were now hatched by British Intelligence and the CIA to destroy this threat to them.
Within 2 years a scandal ensued – commonly called Muldergate, or Infogate. This toppled all the principle players that were ranged against the Oppenheimer/Rockefeller complex. The players were Connie Mulder, Eschel Rhoodie, BOSS head Van den Burgh, and the Prime Minister, John Vorster. Vorster resigns and becomes a ceremonial State President, while P.W.Botha becomes the new Prime Minister. Harry O had once again defeated a threat to his empire.
With the advent of P.W.Botha to power, tensions increased between the “verligte” and “verkrampte” factions, the former Cape Town-based, and the latter, Pretoria-based. Petty apartheid is slowly dropped and the influence of the security-faction rises.
The guerillas were not winning against the Smith regime in Rhodesia (named after Natty Rothschild’s envoy Cecil John Rhodes). The likelihood was of a prolonged guerilla ar. When Kissinger came to South Africa in 1976, he applied pressure on Vorster to cut off Rhodesia’s supply of oil (exactly what America is trying to do today in 2016 – with regards to North Korea by pressurizing China to cut off all oil supplies to that country), and this shifted the balance in a crucial way. Then Kissinger and the British, through Lord Carrington, took charge of the negotiations process.
Kissinger met with Ian Smith on 19 September, 1976, and five days later, Smith turned the world upside down for most Rhodesian and South African whites by announcing that he had accepted the principle of majority rule. Smith alluded to the pressure he was under. He said: “The alternative to acceptance of the proposals was explained to us in the clearest of terms, which left no room for misunderstanding.” What he meant in simple language was that in the face of a direct and brutal threat by Kissinger, Smith simply had no choice but to move with the flow. Kissinger is an international geopolitical thug, in service to the Rockefeller Empire. By 1980, Rhodesia, now called Zimbabwe, was under majority rule.
When Mozambique was granted independence, the nationalist guerilla group FRELIMO eventually took power. From a newly independent Mozambique, black guerilla movements using Mozambique as a base, launched many attacks into Rhodesia.
With the fall of Angola, Mozambique and Rhodesia, South Africa’s “safety cordon” was removed. Soon thereafter, South-West Africa, now called Namibia, went the same route. It was now the turn of South Africa, and here the two families, as we have seen, found that the best way to cripple South Africa was through internal unrest, external wars, and through the application of the financial weapon.
THE DEBT STANDSTILL:
In the meantime, South Africa borrows even more on the international markets. In 1980, the gold price doubled to nearly $800 per ounce. This created a massive economic boom in the country.
By early 1984, Botha declares a State of Emergency, while civil unrest hits a new peak. The revolts in the townships increased. Around this time, with the internal situation out of control, both New York and London decide to increase the pressure. The effects of the sanctions are beginning to bite. Many international firms began to move out, and we find Anglo extending its interests by picking up cheaply the multinational’s casts-offs.
In March 1985, Botha gave an interview to ABC TV, in which he said: “I am going to keep order in this country. And nobody in the world is going to stop me keeping order — South Africa is a tough country. We nearly brought the British Empire to its knees. And I would advise the superpowers not to try and destroy us.” Along with the infamous Rubicon speech, Pretoria laid down the gauntlet to New York and London. Now, on both sides, the gloves were off.
In early July 1985, David Rockefeller, along with some top executives flew to the Anglo game farm in the eastern Transvaal. Here they met up with Harry O, Gavin Reilly, and Julian Ogilvy Thompson. Here the plan to pull the plug was worked out in detail.
Within three weeks a few of South Africa’s international loans were coming up for repayment. Normal procedure for sovereign loans was that whenever any of these loans came due, either the country repays the loan, which would be the end of that particular loan, or in the event that the country – for whatever reason – decides to extend that loan, then by common agreement (and extra fees for the bank), the loan is rolled-over (meaning that it is extended).
Since power-politics is a long-term game, Rockefeller’s Chase Bank bought up quite a few loans from other banks – loans where South Africa was the borrower, and these loans had a maturity date of end-July 1985! A bunch of these loans were up for repayment, and the Chase bank refused to roll-over these loans! This started a run on the Rand, and from which, to date, it has not recovered from. The exchange rate at that point (July 1985) was $1 = SAR.70. Today, it is at $1 = SAR 14! The Rand had lost some 95% of its value in the ensuing 31 years. The Chase had an exposure of some $500 million in loans to South Africa.
South Africa’s short-term debt was some $14 billion, of which some $12 billion were due for repayment within the next 12 months. Pretoria froze all debt repayments. It agreed to pay out $500 million immediately, with the balance to be paid out over many years. The man who was the mediator between the international banks and Pretoria was one Fritz Leutwiller, a former IMF head and the Swiss central bank, the Swiss National Bank (both with the Rothschild orbit).
Partial sanctions got changed to full sanctions. South Africa went all out to circumvent it by various means. This eventually gave rise to a “can-do” attitude amongst some well-connected business players. Many of whom saw that the end was near.
This was the seed of corruption which has now grown to massive proportions. Between 1985 and 1992, the country enjoyed a mild economic boom, but it was lacking the long-term investment policies that would have ensured the prosperity for all of its citizens. Instead, speculation, smuggling, and massive capital flight benefitted only a handful of individuals and companies.
By the simple process of devaluing the Rand, South Africa had become a pawn in the hands of these two families. In 1985, South Africa total foreign debt was $16 billion, which equaled to some R11 billion (at an exchange rate of $1=SAR0.70). Ten years later, at the end of 1995, South Africa had paid interest and principal more than R75 billion, but its overall debt in dollar terms had declined by only $6 billion to total $10 billion. The exchange rate in 1995 December was $1 = SAR 3.65, which meant that the foreign debt was R36.5 billion. Nearly 3 times more than what it was ten years earlier. How is this: R11 billion –R75 billion = R36.5 billion. The more you pay, the more you owe. This is called “Banker’s Arithmetic”. How can South Africa win? Banker’s arithmetic has worked its diabolical magic in many countries around the world. The more you pay, the more you owe! One has to pay more and more in local goods for the same amount in foreign currency. The “terms of trade” are skewed against any country that supplies the West.
THE RUBICON SPEECH -15 AUGUST 1985 DURBAN:
After a long period of isolation and strained diplomatic relations between South Africa and the international community, the National Party decided to hold a meeting to bring about reforms in the government. However, the meeting was shrouded in secrecy and mystery, and Botha was reported to have kept quiet and to have not participated even though he was present. This was taken as a sign that he was approving of the proposed changes. There were also reports that Botha did not participate due to his doctor’s orders to avoid emotional outburst and not to engage in discussions that might upset him. At the final draft of the original agreed speech, which would be named the “Prog speech” (“Prog” being short for the Progressive Federal Party, then in opposition), and which would have recognized black human dignity, eradicated all forms of discrimination, and created equal opportunities, the nature of the speech, in conjunction with the news that a US bank was threatening to call in its loan, made Botha feel that he was being forced to capitulate to the revolutionary movements. Botha, whose fierce will had earned him the name “Die Groot Krokodil” (The Great Crocodile), simply refused and said he was not going to make that speech but was going to draft his own.
Due to its anticipation and publicity by different international media houses, the speech was delivered live to a worldwide audience of over 200 million. Botha clearly stated that he was not willing to change his position regarding the apartheid system and that Nelson Mandela would not be released from prison.
The speech had serious ripple effects to the economy of South Africa and it also caused South Africa to be even more isolated by the international community. The rand fell drastically against major currencies and the economy continued to shrink rapidly in growth until after the democratic handover of power a decade later.
London was well aware of how decisive economic policy will be as South Africa moves towards black rule. Clem Sunter, then an assistant to Harry O, made a highly publicized speaking tour of the country in 1989-1990. He put forward a scenario crafted by the “scenario planning “unit of Shell Oil (another Rothschild entity), and later summarized in Sunter’s book and video, “The World and South Africa in the 1990s”. His message dominated public discussions of the transition period into which South Africa was then entering. On the verge of majority rule, the economy was crumbling, with unemployment for blacks and whites far worse than during the period of the Great Depression of the 1930s.
Measures proposed by Clem Sunter would destroy the economy even more. He says that South Africa should privatize, deregulate, and move away from the era of “huge industrial complexes”. In place of industry, he prescribes “services”, an expansion of the informal sector and the transformation of South Africa into a “Cape Kong” – a new Hong Kong, its economy kept afloat by drug money and sweatshop labor. All of this, though Sunter failed to mention it, will be overseen by the IMF (another Rothschild entity), whose promise of a $2.5 billion loan upon transition to black rule, has reportedly been a spur to reform.
In the meantime, what was the Oppenheimer complex doing during the 1980s? With the rise in the price of gold to $800 in early 1980, Anglo went on a buying binge throughout the world, so that by 1981, it became the single largest foreign investor in the US! It also became an even greater power in Latin America, London, Australia, and the rest of Africa. During the 1980s, Anglo poured over $18 billion into the US alone!
This is the end of the second part of this article. We continue the narrative in the next part.