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Marginalia on the Epstein emails

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The new tranche of Jeffrey Epstein files released by the US Department of Justice appears to have made a far greater impact than previous batches.

In these documents—which the Trump administration initially turned a blind eye to, only to later release piecemeal—truth, gossip, conspiracy, lies, and brutality are inextricably intertwined.

Judaism, esotericism, child sacrifice, and occult pursuits coalesce with financial capitalism and imperialist occupation. Epstein and his cabal were in contact with so many individuals that this labyrinthine heap of information and documentation mesmerizes, bewilders, and enervates the observer. One cannot help but think that the release of these documents in this specific manner was designed to achieve precisely this effect.

Therefore, I will attempt to expose certain trends by partially simplifying the narrative and partially venturing to seek answers by posing specific questions.

  • The Social Media Trap: Cui bono?

While certain emails shared piecemeal on social media offer insight into Epstein’s relationships, they serve no purpose other than to obfuscate the political consequences.(1)

How could they do otherwise? Epstein and his gang walked hand-in-hand with the Democratic establishment while simultaneously linking arms with “MAGA” Republicans and American nationalists. The man engaged in intricate dealings with Steve Bannon and Peter Thiel on one side, while dispensing counsel to Ehud Barak and Lord Mandelson on the other. He provided consultancy to “traditional” Wall Street giants like JPMorgan, as well as to upstart asset management firms like Apollo. He embraced trans ideology yet funded anti-woke X accounts and the 4Chan crew. The “globalists” are there, and so are the “nationalists.”(2)

At this juncture, it seems more plausible to define Epstein as a “broker” or “fixer”—one of the most lucrative professions in the era of hyper-financialized capitalism. We must assume, until proven otherwise, that anyone seeking access to hard currency, liquidity, financing, the commanding heights of American global finance, the City of London, or Israel, came into contact with Epstein or someone in his orbit at some point. The fact that this profession of brokerage and deal-making became intertwined with all branches of “fictitious” capital (real estate, cryptocurrency, speculation, credit institutions, asset management, etc.) and engaged in intermediation between individuals, institutions, and states, is consistent with the capitalist world’s response to the crisis of 50 years ago.

I hope to address this point more thoroughly later, but in passing, I must recall the following: The relationship between Robert Maxwell (father of Epstein’s accomplice Ghislaine Maxwell) and Adnan Khashoggi; and the critical role played by Khashoggi and the BCCI in organizing the Afghan jihad are well known today. Tax havens and offshore financial centers were the response to the crisis of the 1970s. The Khashoggi-Maxwell-Epstein lineage represented the parasites operating within these fissures and dark crevices. Once they set to work, they became both cause and effect.

  • Passed Over in Silence

Anyone who has even cursorily glanced at the documents will have noticed that, despite the distinct Jewish character of Epstein and his circle, and their view of themselves as superior to non-Jews (“goyim”)—even while breaking bread with everyone—one figure and his circle are conspicuously absent: Benjamin Netanyahu and Likud.

Is this possible? I highly doubt it. This point alone offers yet another reason to approach the documents and the manner of their release with skepticism. Furthermore, it offers clues regarding the question, “Who benefits?” The founding political line of Israel—the Labor Party and its predecessors—is further delegitimized by having the relationship between Ehud Barak, one of that line’s leaders, and Epstein shoved in our faces. It bears repeating, but the idea that “everyone is guilty” when truth and falsehood, exaggeration and reality are conflated, brings to mind the maxim: “For everything to remain the same, everything must change.”

Indeed, it has previously been claimed that Epstein played a role in reintroducing the disgraced Barak as a challenger to Netanyahu; moreover, Netanyahu had shared a Jacobin article asserting that Epstein was a Mossad agent.

  • The Universalization of Zionism as an Oxymoron

Connected to the point above, the issue of the thorough Zionization of Judaism gains importance.

In an audio recording between Ehud Barak and Jeffrey Epstein, Barak’s suggestion is noteworthy: that the definition of Jewishness be loosened and the bloodline requirement eliminated, so that the state might have the chance to “select” the convert population—thereby potentially counting no one from Africa or the Arab world as Jewish, unlike what Israel’s founders were forced to do. For this to happen, the monopoly of the Orthodox rabbinate over areas such as marriage and burial must be broken.

Here, the oxymoron manifests in two ways: Zionism, as a colonial/particularist project, blurring the boundaries of Judaism; and Judaism, to the extent that it is universalized, becoming nativist, turning inward, and being elevated to its highest level as a racist ideology.

The raison d’être for Epstein’s defense of Brexit in an email to Thiel—heralding it as a return to “tribalism” and the beginning of anti-globalization—should be sought here.

At this point, the questioning of Israel’s founding and the shaking of Zionism’s foundations should surprise no one. I would go even further and suggest that the universalization of Zionism and the obsolescence of Israel might be different moments of the same process.

In the fantasy of a digitally interconnected global network state, the fact that nativist tendencies find a place for themselves, and are even supported, is not as strange as it first appears. In a universe where the economic subject is ostensibly anonymized/digitalized, it is more likely to see ethno-nationalist currents becoming a universal model rather than the cultural homogenization invoked by modernity.

In this context, it is inevitable that Evangelicalism, Hindutva, and Zionism generate excitement. Since Zionized Judaism is one of the most “successful” examples in history—perhaps the most successful—it naturally plays a “unifying” role. Meanwhile, the panic over “the collapse of the West/Western values” serves to incorporate new and occasionally “Eastern” forms of slavery into the repertoires of the ruling classes.

  • Ideology: The Normalization of Destruction and Power

I have written previously about Peter Thiel and his circle’s American “frontier mentality” (see here and see here). However, I must point out the significance of Zionism finding a habitat on the frontier in the context of these American New Right movements affiliating themselves with it.

The frontier mentality corresponds to a state of ecstasy where there are no rules, no laws, no stasis; where the law of the jungle, living as a fugitive, destruction, annihilation, and innovation are embraced. This is where brutal stories of how the American Indians were exterminated merge with the dark rituals conducted on Epstein’s island. Common to both is the capitalist’s desire to be rid of flesh-and-blood labor and the colonizer’s appetite to eliminate the native, mirroring ancient and dark teachings that reflect a tendency to transcend the material existence of the flesh-and-blood human. Borders, in both the metaphorical and literal sense, vanish.

Here, Epstein appears as the embodiment of themes such as “reactionary modernism,” Counter-Enlightenment, and Nietzschean aristocratic rebellion. Example: Bill Gates wants to include Epstein in his “philanthropy” work in Africa. Epstein seems very disturbed by this. He asks Gates not to involve him. He finds the idea that all lives are equal “ridiculous.” He views the work being done as “Catholicism at its worst.” One is tempted to say that Nietzsche is the natural philosopher of the ruling classes. Values such as mercy, kindness, and love are deemed “slave morality”; the nature [fitra] changes, but the blood remains the same.

Another example: In a previously unpublished interview given to Steve Bannon, Epstein discusses the failure of the Newtonian universe’s tendency to measure everything. According to him, Newtonian sciences cannot explain subjective matters, such as the “strange phenomenon” called consciousness. Therefore, he believes there must be a spirit separate from matter.(3) He speaks of miracles. He asserts that women, unlike men like himself, possess a power of intuition that cannot be explained by reason. But of course, it does not end there: Naturally, women (and minorities), cast out of the rational world, are not capable of being members of a secret society named “Zodiac,” considered “the last of its kind,” as mentioned in another email!

But this delusion of ostensible “complexity” and “unpredictability” also emerges regarding the crisis-prone nature of financial markets. Here, “ideology” in the worst sense of the word grins at us: Epstein argues that the financial world is like the organic world—citing the unpredictability in our bodies, for example. Mathematics, forecasting, planning… these are futile endeavors. No one understands how the system works; the system is a miracle. Mystification and myth-making combine with destruction and the will to power. Perhaps this tendency unites today’s “philosophers” of every stripe and hue: A friend advises Epstein to read Aleksandr Dugin. He finds his views interesting and “perhaps useful.”

The final example comes from a widely circulated email: Together with Thiel, they take special pleasure in the destruction of Libya, Iraq, and Syria. According to Thiel, the more the countries in the Middle East descend into chaos and the more “bad guys” start eating each other, the less the US will have to interfere/intervene in these countries. Epstein views all this as Obama’s strategy and argues that it was “brilliantly executed.”

  • Belated Conspirators

When the documents were scattered into the open, an observation by Fredric Jameson began to circulate again: Conspiracy theories were part of the poor person’s “cognitive mapping” system in the postmodern era.

Here, we are talking about making sense of a world that cannot be understood. Yet Jameson, while tracking the transformation of American metropolises in the 20th century, points to a genuine conspiracy: Financial capital and land speculation.

Discussing Robert Fitch’s book The Assassination of New York, Jameson attempts to distinguish what is a conscious conspiracy and what is the natural result of the logic of capital within the framework of production being (consciously) removed from the city and financial speculation prevailing.

A city plan prepared in the 1920s, for example, openly discusses seizing lands occupied by small businesses and laborers and driving them out of the city. It is clear there is a “conspiracy”: The ruling classes did not want to deal with the turmoil of workers, immigrants, and the petty bourgeoisie in big cities; fearing their wrath, they were simultaneously calculating how to shift capital accumulation, which was stagnating in the 1920s, to more profitable sectors such as real estate and insurance. “Unequal investment opportunities” were becoming both the result and the cause of the crisis of capitalist production.

Here, I wish to remind you that the general fear created by the working classes, while wealth increasingly accumulates in private hands, itself generates conspiracy: What could be more natural than a group of property owners—whom we might call a mere handful in number—resorting to intrigue to resist the multitude of the propertyless and maintain their order? Where does the idea come from that a class—which aims to dehumanize production from the moment it comes into the world dripping with blood and dirt, which renders the population “surplus” to accumulate ever more, and which plans to conquer even space to hide its wealth from the dispossessed—was ever “moral”?

Even Adam Smith expresses the (negative) role of secret agreements in social life in the harshest terms. People of the same trade, he says in The Wealth of Nations, seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public (he uses exactly this word) or in some contrivance to raise prices. Some may argue that this is an objection to the use of “guild” style organization as a tool to suppress competition; but I would remind you that Smith uses the same idea of “conspiracy against the public” for merchants, colonial companies, and even the nobility. The wealthy few need malice and conspiracy to rule the propertyless many.

Let us return to Jameson. Those who prepared the New York city plan were the same people who belonged to that city’s business world. The property owners organized a great upheaval through a conspiracy within the partnership of capital, planning, and scientific production. Class struggle could not be conducted any other way.

  • Trends: What are we on the dawn of?

The only point we need to underline is this: Again, Lukács argues that the place where non-proletarian masses realize they are being directly exploited is monetary and commercial capital. Fascism turns this into racist demagoguery by distinguishing between “rapacious” capital and “productive” capital.

I suspect the trend that the Epstein documents vaguely offer us regarding the future consists of a narrative that the “old style” financial regime is to be left behind. The emphasis—sometimes demagogic, sometimes genuine—placed by Trump and the capital group behind him on “Main Street,” production, and re-industrialization against the Wall Street elites shaken by the 2008 crisis, may form the background of these documents.(4) The disconnect with Netanyahu and techno-capital’s fascination with Zionism strengthens this opinion. In a world where representatives of the proletariat are rarely seen, it is not surprisingly that non-proletarian masses take sides on the ground where they believe the source of exploitation lies.

Indeed, the fact that no judicial consequences arise while the filth is scattered about implies that certain individuals likely to be liquidated are being cleared from underfoot to sharpen the line they actually represent. In this respect, looking at what is left out of the Clintons’ testimonies to the US Congress, rather than what is in them, will provide us with a better idea.


(1) Lunatic ideas or ravings are also present: For example, former Norwegian Prime Minister Thorbjørn Jagland wants the new world currency to be the ruble, not the renminbi, in an email. There is no stopping wagging tongues!

(2) A very striking example: In an email sent in 2017 to Landon Thomas, then a New York Times reporter, Epstein offers significant clues regarding the Qatar-Deutsche Bank-Donald Trump relationship. According to Epstein, Qatar is Deutsche Bank’s largest financier (along with BlackRock, according to market data); and Deutsche Bank finances Trump.

(3) In The Destruction of Reason, György Lukács lists the introduction of “supra-rational” concepts such as intuition among the distinguishing features of philosophical irrationalism. The failure of the mechanical philosophical view and the new problems it created are thus seen as proof of the “supra-rational” in natural phenomena as well: “This is the basis on which all social progress can be questioned, the Devil can be presented as the ‘first revolutionary,’ and every effort towards freedom and equality can be vilified.”

(4) It is obvious that there is disagreement within the “Trumpist” camp as well. For instance, speaking at a meeting in the Vatican in 2014, Steve Bannon stated that he was opposed to libertarian capitalism, which he termed “Ayn Rand capitalism,” as well as “state-sponsored” capitalism. Bannon is also known for his verbal spats with Elon Musk, one of the leaders of the techno-libertarian camp in the second Trump era.

America

Wealthy Americans drive surge in New Zealand golden visa demand

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More than 700 wealthy foreign nationals have applied for New Zealand residency under the country’s “golden visa” programme over the past 14 months, compared with just 115 applications during the previous three years.

Applicants are required to invest at least NZ$5 million in local funds, companies or charitable organisations within three years.

A further 127 people have applied under a separate programme that requires an investment of NZ$10 million in passive assets such as bonds for five years.

The surge followed a relaxation of rules governing property purchases, investment requirements and the amount of time applicants must spend in the country to qualify.

According to the Financial Times (FT), the increase in applications for the right to live, work and study indefinitely in New Zealand has coincided with a period of geopolitical uncertainty that has made the country’s security and remote location increasingly attractive.

Dozens of countries around the world, from Portugal to the US, offer preferential immigration treatment in exchange for investment or, in some cases, cash payments.

Many have had mixed experiences with such schemes. Ireland, Malta and Australia have scrapped their programmes because of insufficient demand or concerns over abuse.

In New Zealand’s case, Prime Minister Christopher Luxon hopes the visas will attract more foreign investment and help reverse a “brain drain” that threatens the country’s economic growth.

Although tourists often fall in love with New Zealand and dream of moving there, many young New Zealanders leave in search of better economic opportunities.

According to Luxon, New Zealand start-ups have already begun benefiting from the policy.

“While everyone else around the world is tightening restrictions, we’ve opened the doors and our start-ups have benefited enormously from the capital flowing in, as well as from the knowledge and technical expertise these investors have brought,” he said.

Since the programme was comprehensively overhauled in April 2025, applicants from North America, Europe and Asia have committed a combined NZ$4.8 billion, through investments of either NZ$5 million or NZ$10 million each.

That figure is comparable to the NZ$14.8 billion in foreign investment recorded during the first quarter of this year.

Lachlan Nixon, co-founder of venture capital firm Motion Capital, said the programme had become “a badge of honour in Silicon Valley”.

Data show that 277 applications have come from Americans, with Californians showing particularly strong interest in obtaining New Zealand residency.

“A massive influx of capital is coming, but what really matters is the quality of the people now investing in the New Zealand economy,” Nixon said. He added that 40% of a recent NZ$27 million fundraising round for high-growth New Zealand companies came from 30 holders of “golden visas”.

According to Luxon, companies benefiting from the programme include critical minerals firm Zethos, which appointed European steel industry veteran Francesc Rubiralta to its board.

Nixon said other companies backed under the programme include seed oil protein producer Miruku and magnesium mining company Aspiring Materials.

In the mountain town of Queenstown, a preferred destination for many applicants, locals refer to billionaires such as Peter Thiel and Anthony Malkin, whose foundation owns New York’s Empire State Building, as “the secret residents on the hills”.

Most prefer to keep their wealth and presence private. Thiel’s citizenship was inadvertently revealed during a parliamentary debate, while Malkin’s presence became public after fireworks he set off on New Year’s Eve sparked grass fires.

According to Cotality, their arrival has made Queenstown New Zealand’s most expensive property market, with a median home price of NZ$1.8 million, double the national average.

Under the visa programme’s rules, participants may purchase only residential properties worth more than NZ$5 million, a provision designed to prevent their presence from distorting the broader housing market.

“There are a lot of billionaires here. They just wear gumboots,” one property adviser said.

However, doubts remain about the programme’s benefits. Sam Stubbs, chief executive of pension fund Simplicity, said people should make “genuine investments” in the country rather than seek special treatment in exchange for “a small amount of money” invested in a venture capital fund.

“Heaven comes at a price. It’s a price we all pay,” Stubbs said.

Some applicants have also voiced concerns. Courtney Andelman, who runs a venture capital fund in Santa Barbara with her husband Jim, successfully obtained a visa last year and now visits New Zealand regularly.

“There’s something magical in the air and the water. It’s an incredibly healthy place,” Andelman said.

However, she said she wanted to settle in a smaller South Island city such as Nelson, where her investments could have a greater impact, but found very few properties worth more than NZ$5 million.

She also complained that under New Zealand’s tax rules, if her family spends more than 183 days a year in the country, their worldwide income becomes subject to New Zealand taxation.

Andelman said she loved New Zealand but expressed concern and issued an implicit warning.

“How to make every dollar achieve its highest and best use is a question we constantly ask ourselves. If New Zealand doesn’t offer the best value, we’ll go somewhere else. Every one of those dollars is mobile.”

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Oil industry lobbies White House to avert potential Trump export ban

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Oil industry executives and White House officials are engaging in a new push to prevent any move by the administration to restrict US oil exports.

According to a report by Politico, industry representatives say these efforts extend to the White House Domestic Policy Council, the National Energy Dominance Council, the Department of Energy, and Chief of Staff Susie Wiles.

Trump believes that oil prices could harm the Republicans’ chances of maintaining control of Congress in the November mid-term elections.

“Everyone from the industry and within the administration is working hand in hand to prevent this,” an energy industry executive said.

The individual added that White House officials had not formally raised the idea, “but everyone knows Trump will act like Trump again.”

The White House maintains that export restrictions are not on the agenda.

White House spokesperson Taylor Rogers said in a statement: “While the President and the entire energy team are taking various measures to mitigate temporary disruptions in the energy market, the administration has been very clear: there is no plan to impose restrictions on oil and gas exports.”

White House representatives did not confirm whether industry lobbyists had approached specific agencies or officials to discuss the export issue. Department of Energy representatives did not respond to queries.

However, although administration officials have guaranteed since the early days of the Iranian war that an export ban was off the table, Trump’s directive to the Department of Justice in June to investigate oil companies on charges of price gouging put the sector on high alert.

Concerns within the industry mounted after Trump stated on Monday that oil giants Exxon Mobil and Chevron were making “too much money.”

Industry executives now fear Trump may try to make a move against them by restricting fuel export activities abroad, which have boomed since the start of the US-Israeli war against Iran.

Another industry official said the sector had reiterated its concerns regarding export controls to the White House “very recently.”

The Trump administration has already tried several different approaches to lower prices that enjoy broader support from the oil industry.

These include the release of millions of barrels of oil from the country’s strategic petroleum reserve and the temporary suspension of the Jones Act to make it easier for non-American vessels to transport oil and natural gas between US ports.

Energy Secretary Chris Wright, a former oil company CEO, and Vice President JD Vance have repeatedly opposed the idea of limiting or banning exports.

Wright stated in May that the administration had “definitely” ruled out the option of banning diesel exports.

Mike Sommers, president of the American Petroleum Institute, said he was “confident” Trump understood the need to maintain oil exports, recalling that early in the crisis, the president had encouraged other countries to buy American oil:

“The administration has repeatedly expressed that they are opposed to [export controls]. Therefore, I do not think there is any change in their stance at the moment. Frankly, it feels as though we have to clarify this issue every three weeks.”

In a note sent to clients on Tuesday, consultancy firm ClearView Energy stated that the moment for the White House to take a step toward limiting fuel exports “might be approaching.”

The firm noted that former President Joe Biden had considered imposing export restrictions ahead of the 2022 mid-term elections following a “long summer of high petrol prices” caused by the war in Ukraine.

US crude oil exports increased by approximately 30% compared with last year, reaching nearly 3.5 million barrels per day by the end of July.

Shipments of refined products such as diesel, petrol, and other types of oil rose by 20%, exceeding 8 million barrels per day.

Opponents of exports argue that sending these cargoes abroad leads to rising prices domestically.

However, the oil and gas industry contends that closing the door to exports would harm the domestic market and cause their production to decline.

“Export bans may seem politically attractive, but ultimately they will lead to the exact opposite of the intended effect,” said a refining industry lobbyist who noted they were in contact with the White House on the matter, arguing that cutting off American exports from international markets would mean “a decline in US production, supply shortages, further upward pressure on domestic prices, and even greater disruptions in the global market.”

Chet Thompson, president and CEO of the American Fuel & Petrochemical Manufacturers, stated that export controls would force US refiners to produce less petrol because they would lose commercial channels to ship other surplus fuels, such as diesel, produced during the process.

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US and Ukraine restore intelligence sharing to former levels

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Three US senators have reported that intelligence sharing between Washington and Kyiv has reached its former level. The White House declined to disclose details of the current intelligence relationship, emphasizing that President Donald Trump remains focused on ending the conflict.

American senators reported that intelligence sharing between the US and Ukraine has returned to its previous level.

According to a report by Politico, the senators offering this assessment include Democratic Senator Mark Warner, a long-standing advocate for increasing aid to Ukraine.

Commenting on the matter, Warner said: “I don’t want to get into details, but things have improved.” Republican senators John Cornyn and Roger Wicker stated that information sharing has accelerated during a period of “strategic importance”.

Democratic Senator Tim Kaine also noted that he has observed signs of a revival in information sharing between the US and Ukraine.

The White House did not disclose details regarding the current state of its intelligence-sharing relationship with Ukraine. However, in comments to Politico, it emphasized that US President Donald Trump is focused on contributing to the termination of the conflict.

A White House official told Politico: “The President and his team remain committed to playing a constructive role in ending the war between Russia and Ukraine and remain optimistic that we will ultimately reach a peace agreement.”

Last autumn, the Financial Times reported that Trump had issued instructions to prepare for sharing intelligence data that could assist Ukraine in conducting strikes deep inside Russian territory.

Russian authorities are demanding that Western nations cease providing military aid to Ukraine, emphasizing that such assistance will not prevent Moscow from achieving its military campaign objectives.

Last year, the Russian Ministry of Foreign Affairs requested that the US side clarify information regarding the transfer of intelligence data to Ukraine.

According to statements from the Kremlin, Russia has long been aware that the US and NATO countries collect intelligence and transfer it to the Ukrainian military, noting that this is “not a new development”.

Nevertheless, Russian President Vladimir Putin warned that Russia will not tolerate attacks by the Armed Forces of Ukraine and will continue to respond forcefully.

In June, President Vladimir Putin announced that Russia is prepared to conduct negotiations with Ukraine on the basis of the agreements reached in Istanbul.

According to Putin, the parties must also take into account the agreements reached between Moscow and Washington in Anchorage, the situation on the front line, and the conditions for a settlement previously set out by Russia.

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