For centuries, anti-Semitic propaganda has demonized the Jew as a conspiratorial, manipulative outsider, often with powers and designs of world domination. From the Middle Ages through the Holocaust, fabricated accusations against Jews as poisoners and corrupters have led to horrendous suffering for the Jewish people.
In more recent years, the anti-Semitic notion that "the Jews" dominate and command the U.S. Federal Reserve System and in effect control the world’s money has surfaced across the extremist spectrum. Contemporary economic anxieties and distrust of government have given new life to this timeworn myth.
The world of finance is an area of complexity, if not mystery, to most Americans, and confusions can easily be manipulated and suspicions aroused. The bigot’s rationale is often conveyed in inflated images of intricate, stealthy "conspiracies." For example, under the headline "The jews [sic] have a Plan," the Idaho-based Nazi-like group Aryan Nations has reported finding significance in the fact that the Federal Reserve System and the Anti-Defamation League were founded in the same year — 1913. Another "specialist" in anti-Semitic conspiracy fantasies, Minister Louis Farrakhan of the Nation of Islam, recently expounded and embellished the same "historical" point.