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Argentina: A Case Study of Israel’s Zionist-Wall Street Destabilization Campaign
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Introduction: A recent article by Jorge Elbaum, the former executive director of DAIA (Delegation for Argentine Jewish Associations), the principle Argentine Jewish umbrella groups, published in the Buenos Aires daily Pagina 12, provides a detailed account of the damaging linksbetween the State of Israel, US Wall Street speculators and local Argentine Zionists in government and out.

Elbaum describes how their efforts have been specifically directed toward destabilizing the incumbent center-left government of President Cristina Fernandez, while securing exorbitant profits for a Zionist Wall Street speculator, Paul Singer of Elliott Management as well as undermining a joint Iranian-Argentine investigation of the 1994 terrorist bombing of the Jewish Community Center in Buenos Aires.

Elbaum’s article was written in response to the death of Alberto Nisman, a Zionist zealot and chief government prosecutor in the terrorist bombing investigation for over 20 years.

The serious issues raised by the political use and gross manipulation of the horrors of the bombing of the Argentine Jewish Community Center shows how Tel Aviv (and its political assets in Argentina and the US) further Israeli power in the Middle East, in particular, by isolating and demonizing Iran. This is important at two critical levels, which this article seeks to highlight.

First of all, Israeli attempted to sidetrack the Argentine investigation, by involving some of its powerful Wall Street assets and influential pro-Israel lobbies (the Anti-Defamation League, AIPAC among others). Their purpose was to fabricate ‘evidence’ in order to implicate Iran in the crime and to manipulate their influential assets in Argentina, especially in this case, chief prosecutor Nisman and many of the leaders of DAIA, to accuse the Argentine government of complicity in an ‘Iranian cover-up’.

The second issue, raised by Israel’s intervention in Argentina’s investigation into the bombing, has wider and deeper implications: How Israel promotes its foreign policy objectives in various countries by grooming and manipulating local influential Jewish officials and community organizations. This furthers Tel Aviv’s goal of regional hegemony and territorial aggrandizement. In other words, Israeli political reach extends far beyond the Middle East and goes ‘global’, operating without any consideration of the dangers it inflicts on Jews in the ‘target countries’. To this end, Israel has been creating a worldwide network of Jews, which calls into question their loyalty to the polity of their home countries where they have resided for generations.

The nefarious impact, which Israel’s intervention has on the sovereignty of its ‘target countries’, presents a danger to innocent and loyal Jewish citizens who are not acting as agents of Tel Aviv.

For these reasons it is important to critically analyze the specific characteristics of Israel’s dangerous meddling in Argentina.

The Crisis of the Argentine Justice System: Unsolved Terrorist Crimes and Israeli Intervention

After the anti-Sematic bombing of the Jewish Community Center in Buenos Aires, the Argentine judicial and legal system seriously bungled the investigation, despite collaboration from the US FBI and Israel’s Mossad. Argentina’s then President Carlos Menem was an ardent neo-liberal, unconditional backer of US foreign policy and strong supporter of Israel. His regime was still heavily infested with high-ranking police, military and intelligence officials deeply implicated in the seven-year bloody military dictatorship (1976-83) during which 30,000 Argentine citizens were murdered. Among the victims of this ‘dirty war’ were hundreds of Argentine Jews, activists, intellectuals and militants who were tortured and murdered to the anti-Sematic taunts of their military and police assassins. During this same horrific ‘pogrom’ of Argentina’s committed Jewish activists, the state of Israel managed to sell tens of millions of dollars in arms to the junta, breaking a US-EU boycott. Notoriously, the conservative leaders of the DAIA and AMIA (Argentine-Israel Mutual Association) failed to defend the lives of Jewish activists and militants. After attending meetings with the junta, many conservative Jewish leaders would dismiss the concerns of the families of the disappeared and tortured Argentine Jews, saying: ‘They must have done something…’

The bungled investigation into the 1994 bombing included the arrest of right-wing police officials who were later released and the mysterious loss of vital forensic evidence. Accusations against various foreign regimes and organizations shifted according to the political needs of the US and Israel: First, the Lebanese group, Hezbollah, Israel’s main military adversary during its bloody occupation of southern Lebanon in 1990’s was touted as the responsible party. A few years later, Iraqi President Saddam Hussein, prior to the Israeli-backed US invasion of Iraq; then the Palestinians were trotted out, followed by Syria’s Baathist intelligence forces. After the total destruction of Iraq by the US ‘coalition’ and the decline of influential Arab states in the Middle East, the Israelis have settled on Iran as the ‘prime suspect’, coinciding with Teheran’s rise of as a regional power – challenging Israeli and US hegemony.

With the 2001 collapse of Argentina’s version of a kleptocratic neo-liberal, pro-US bootlicking regime, and in the midst of a dire economic depression, there was a popular upheaval and the subsequent election of President Kirchner bringing a new center-left government to power.

The new government, defaulting on its murderous foreign debt, oversaw Argentina’s economic recovery and a vast increase in social spending which stabilized capitalism. Kirchner also promoted greater independence in foreign policy and sought to enhance Buenos Aires relations with Israel by re-opening the investigation into the bombing and retaining Alberto Nisman, as chief prosecutor.

Nisman, the Mossad and the US Embassy Connection


In his article, ‘Vultures, Nisman, DAIA: The Money Route’ (Pagina 12, 4/18/15), Jorge Elbaum, points out that chief prosecutor, Alberto Nisman, opened secret bank account in New York. As Elbaum told prominent figures in Argentina’s Jewish community, Nisman’s campaign to discredit the government’s joint investigatory commission with Iran and demonize the Argentine government was financed, at least in part, by New York’s vulture fund head, Paul Singer, who stood to make hundreds of millions in profit. According to documents, cited by Elbaum, US embassy personnel and leading US Zionist organizations, including the Foundation for Defense of Democracies, led by Mark Dubowitz, as well as Abe Foxman of the Anti-Defamation League, fed Nisman fabricated ‘evidence’ and corrected numerous substantive and grammatical flaws in his report purporting to ‘demonstrate’ Argentine’s cover-up of the Iran’s role in the 1994 bombing. However, forensic and legal experts in Argentina have determined that Nisman’s claims lack any legal basis or credibility.

The entire ‘Operation Nisman’ appears to have been orchestrated by Israel with the goal of isolating Iran via fabricated evidence supposed to ‘prove’ its role in the 1994 bombing. The recruitment of Nisman, as a key Israeli operative, was central to Israel’s strategy of using the DAIA and other Argentine – Jewish organizations to attack the Argentine-Iran memo of understanding regarding the investigation of the bombing. Israel pushed US-Zionist organizations to intensify their intervention into Argentine politics via their networks with Argentine-Jewish organizations. The vulture-fund speculator, Paul Singer, who had bought defaulted Argentine debt for ‘pennies on the dollar’, was demanding full payment through sympathetic New York courts. He had funded a special speculators’ task force on Argentina joining forces with Israel, US Zionist organizations and Alberto Nisman in order to manipulate Argentina’s investigation and secure a bountiful return. Nisman thus became a ‘key tool’ to Israel’s regional military strategy toward Iran, to New York speculator Singer’s strategy to grab a billion dollar windfall and to the Argentine right wing’s campaign to destabilize the center-left government of Kirschner-Fernandez.

By acting mainly in the interest of Israel and US Zionists, Nisman sacrificed the Argentine-Jewish community’s desire for a serious, truthful investigation into the bombing leading to identification and conviction of the perpetrators. Moreover, Nisman compromisedhimself by being a tool for Israel’s foreign policy against the interest of the Argentine government, which he was sworn to serve, and endangered the status of the Argentine Jewish community among Argentines in general by raising questions about their loyalty to their home country.

Fortunately, Argentina has sophisticated , prominent Jewish leaders who see themselves as Argentine citizens first and foremost, including leaders like Foreign Secretary Hector Timmerman who proposed the joint investigation with Iran as well as the former DAIA Executive Director Jorge Elbaum who has played a major role in denouncing Israel’s intervention in Argentine politics. It is citizens, like Elbaum, who have exposed the Israeli government’s role in recruiting and manipulating local leading Argentine-Jews to serve Tel Aviv’s foreign policy interests.

This is in stark contrast to the United States where no major American-Jewish leader has dared to denounce the role of leading Zionist organizations as Israel’s conduit. Furthermore, unlike Argentina, where a sector of the liberal press (Pagina 12) has published critical accounts of Nisman’s fabrications and Israel’s destabilization campaign, newspapers in the US, like theNew York Times, the Wall Street Journal and the Washington Post, have continued to present Nisman’s discredited report as a serious investigation by a courageous, ‘martyred’ prosecutor. The US media continues to portray the entire Argentine judicial system as corrupt and argue that Nisman’s death must have been a state-orchestrated crime. The US public has never been presented with the fact that the leading critics of Nisman’s report and his own behavior were prominent Argentine Jews and that Argentina’s foreign minister, Hector Timmerman, organized the Argentine-Iran commission.


That Israel was willing to derail any serious the investigation into the 1994 bombing, which killed and maimed scores of Argentine Jews, in order to further its campaign against Iran, demonstrates the extent to which the self-styled ‘Jewish State’ is willing to sacrifice the interests and security of world Jewry to further its narrow military agenda.

Equally egregious is the way in which Tel Aviv recruits overseas Jews to serve Israel’s interests against that of their own countries, turning them into a ‘fifth column’, operating insideand outside of their governments. That Israeli intelligence has been exposed and denounced in the case of Nisman, has not forestalled nor prevented Israel from continuing this long-standing, practice of dangerous meddling. This is especially evident in the ‘Israel-first behavior’ of leading Jewish American organizations and political leaders who have pledged their total allegiance to Netanyahu’s war agenda against Iran an bought the US Congress to scuttle the peace accord.

It merits repetition: Israel’s widespread practice of recruiting Jewish citizens and officials of other countries to serve as vehicles of Israeli policies has the potential to foment a new and possibly violent backlash, once the greater population has been made aware of such treasonous activities. In this regard, Israel does not represent a bastion of security for world Jewry, but a cynical, manipulative and deadly threat. Perhaps that is Israel’s ultimate strategy – create a backlash of generalized anger against overseas Jews and precipitate massive flight to Israel from countries like Argentina, while the few who remain can be better manipulated to serve Tel Aviv.


A few days ago, on April 23, a crowd of several hundred Argentine Jews met to repudiate the arrogant claims of the established leaders of the DAIA and the AMIA that they represent ‘all Argentine Jews”. This overflow crowd in the auditorium of the telephone workers union proposed to create a ‘collective and democratic space, based on links of solidarity over and above commercial connections.’ The Jewish community in the US would be wise to pay close attention to Argentina’s example.

(Republished from The James Petras Website by permission of author or representative)
• Category: Economics, Foreign Policy • Tags: Argentina, Israel, Wall Street 
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  1. Interesting article. Definitely not the type of article you’d find in mainstream media. Thanks for writing this.

  2. Anonymous • Disclaimer says: • Website

    Thank you James Petras.
    I wrote about the AMIA bombing back in 2009, drawing largely on Gareth Porter’s comprehensive coverage and Pagina.

    At the time I was astounded at the sheer calumny of the various participants in the perversion of the narrative. The complicity of the MSM in ignoring the evidence and following the Israel-dictated Hezbollah/Iran fantasy ended my trust in conventional news media.
    Amia looks like a black flag operation. The thought crossed my mind six years ago but I could hardly credit it. Six years later, having witnessed the depths the Israeli State, by virtue of their U.S. proxies, will plumb in order to shore up its illegal occupation and expansionism (including the destruction of millions of lives in Iraq, Libya and Syria) I now have no such difficulty. In fact I see very clearly the pattern that emerges once one becomes aware of the Oded Yinon plan and the neo-con – inspired A Clean Break: A New Strategy for Securing the Realm.
    Thank you again Sir and strength to your arm for these are crimes unprecedented in the criminal History of the planet.

    • Replies: @Seamus Padraig
  3. Anonymous • Disclaimer says:

    Charles Davis has done a lot of research tying all of these pieces together over at Jim Lobe’s website .Paul Singer demands 100 cents on the dollar even though other creditors are willing to take much less. Paul Singer hopes to make 2 billion if he can block a resolution and pressure the US government to support him.He is one of the top donors to the Republican party .

    • Replies: @MarkinLA
    , @Seamus Padraig
  4. J says:

    Que sarta de mentiras. The facts are that Iran’s Embassy in Buenos Aires commited terrorist acts killing over 70 people in the Jewish Center and in the Embassy of Israel. President Menem ordered to stop the police investigation – later it was discovered that Iran delivered a 10 million dollar bribe to Menem to avoid implicating Iran in the crime. Only thanks to the local Jewish community’s persistent and courageous effort the issue has not died and was forgotten. Twenty years of campaign – including interpol orders against Iranian agents – produced no results and no one has been punished. Argentine’s Attorney General Nisman was about to accuse the current government of continued obstaculizing of the investigation, this time for Iran supplying free oil to this broke country. Courageously, he was about to denounce the Government in the Congress when he was assesinated the night before, probably by the SIDE, the secret police. Only a miracle – say, an improbable seizure of honesty and repentance – can solve this horrible crime.

  5. MarkinLA says:

    Surprisingly one of the few good things GWB did was refuse to get the US involved in a bailout. Imagine that, the US not using American taxpayer money to bailout billionaires who bought that discounted debt. There must be something wrong with this story.

    • Replies: @Seamus Padraig
  6. SEATAF says:

    I enjoy the Unz Review and respect its mission of introducing ideas that are politically non-mainstream and even crackpot. But really. When you publish explosive allegations like the ones in this piece, isn’t it best to ask the author to provide, you know, evidence? Maybe sources other than one unlinked article by Jorge Elbaum? And do you really need to run a piece suggesting that Jews form a fifth column subverting their host nations wherever they go? This feels especially unfair to your in-house bloggers, who, for all their edginess, would never endorse this sort of poison and who deserve to have their reputations and credibility better protected.

    • Replies: @Seamus Padraig
    , @Dan Good
  7. annamaria says:

    ” The facts are..”
    Would you be so polite as to provide the facts?

  8. @J

    sounds like the plot of a Daniel (Mr. Jamie Gangel) Silva novel.

  9. J says:

    One fact is that Argentina is refusing to honor the bonds it sold for good money years ago to millions of Italian savers and pensioners. It will have to pay its debt to the last cent. That is the honest thing to do. Why is James Petras trying to confuse us by blaming the Jews (and Israel!)? Why is he justifying Argentine corruption?

    • Replies: @MarkinLA
  10. @J

    The world do not have trust in lias of the zionist jews. The zionist Jews are colonists who have stolen Palestine based on construct phony history. They have no connection with either ME or Palestine. Go away.

  11. BubbaJoe says:

    This is a very interesting subject- the AMIA bombings and who is responsible- so it’s a pity this article is so poorly written. What relationship does Singer’s desired ROI have to do with placing culpability on Iran? How is his funding of various investigations going to lead to a better ROI?

  12. @Anonymous

    In fact I see very clearly the pattern that emerges once one becomes aware of the Oded Yinon plan and the neo-con – inspired A Clean Break: A New Strategy for Securing the Realm.

    What did it for me was so-called ‘Arab Spring’. When that happened, I could see that they were actively pushing all these regime-change ops, and that they wanted these countries to disintegrate. Iraq was no ‘geopolitical blunder’; everything had gone according to plan.

  13. @Anonymous

    Paul Singer demands 100 cents on the dollar even though other creditors are willing to take much less.

    If he did the exact same thing to a US company that had already defaulted or declared bankruptcy, Chapter 11 law would throw out his claim immediately. Yet he can do this to a sovereign nation in a US court. Even while the Fed prints away like mad, our message to the world is, ‘don’t use dollars and don’t list your bonds in NY. You could get in trouble.’


  14. @MarkinLA

    Surprisingly one of the few good things GWB did was refuse to get the US involved in a bailout.

    What are you talking about? The first bailout came while Bush was still president, in October 2008. That was during the presidential campaign, six weeks before the election. Both BHO and McCain had to go back to Washington to vote on the bailout. McCain made a big, hairy deal out of announcing that he was “suspending” his campaign to go do his job. Both voted ‘yes’. That’s when I knew it didn’t matter who won on economics–they were both water boys for the big banks. But on foreign policy, McCain was waaaayyy scarier. As much as I dislike O’Bomber, I have to admit I think we’d all be dead by now if McInsane had gotten anywhere near the ‘football’.

    • Replies: @MarkinLA
  15. @SEATAF

    Go look at the Gareth Porter link posted up in comment #5. Porter’s been following this story for many years. If you haven’t heard of him, that’s because he’s been blacklisted in the media over this story. A lot of his stuff is posted at

  16. MarkinLA says:
    @Seamus Padraig

    I am referring to a bailout of Argentine debt holders like what Clinton did for Mexico. We have always gotten involved with these bailouts in the past. The only one we didn’t was Argentina.

    • Replies: @Seamus Padraig
  17. MarkinLA says:

    People get stiffed on bonds every day. Getting all your money back is the risk you take. The Italians lost. The last thing I want to see is people get back 100 cents on the dollar and vultures like Singer make out like bandits on the backs of the Argentine people or US taxpayers.

  18. Art says:

    Wiki — Westphalia 1848: The treaties resulted from the big diplomatic congress,[4][5] thereby initiating a new system of political order in central Europe, later called Westphalian sovereignty, based upon the concept of co-existing sovereign states. Inter-state aggression was to be held in check by a balance of power. A prejudice was established against interference in another nation’s domestic affairs. As European influence spread across the globe, these Westphalian principles, especially the concept of sovereign states, became central to international law and to the prevailing world order.

    “Interference in another nation’s domestic affairs” is a war crime – that is a bedrock of international law.

    Once again, Israel is guilty of international war crimes. These Jews have no boundaries that they respect – if they can get away with something – they do it — and their intimidating media will backup and reinforce their actions with overt and covert lies.

    • Replies: @Dan Good
  19. Wally [AKA "BobbyBeGood"] says: • Website

    “Once again, Israel is guilty of international war crimes. These Jews have no boundaries that they respect – if they can get away with something – they do it — and their intimidating media will backup and reinforce their actions with overt and covert lies.”


    Think the absurd impossibility of the ‘6M & gas chambers’.

    Who profits?

    That “shitty little country” wouldn’t last a month without stealing from the goyim.

    Think about conditions in the US:

    Who runs the Federal Reserve?
    Who runs Wall Street?
    Who owns the US Congress?
    Who forces acceptance of the fictitious & impossible ‘6M & gas chambers’?
    Who runs the media / entertainment?
    Who dominates ‘academia’?
    Why is AIPAC the most powerful, dominant lobby, which regularly writes the text of Congressional bills and resolutions.
    Who is it that wants to censor free speech via the “hate speech” canard.
    Who is it that demands we shed the blood of US troops for their interests?
    Who are the biggest racists on the planet?

  20. annamaria says:

    Sir, why do you obfuscate? Here are your own words, “The facts are that Iran’s Embassy in Buenos Aires commited terrorist acts killing over 70 people in the Jewish Center and in the Embassy of Israel.”
    You were asked to supply the readers with the facts. So, again, could you please inform us of the alleged facts? Instead of answering the concrete question, you wrote about your personal financial woes and, by extension, made justification for the vulture Singer’ obscene demands.

    • Replies: @Ivan
  21. @MarkinLA

    I am referring to a bailout of Argentine debt holders like what Clinton did for Mexico. We have always gotten involved with these bailouts in the past. The only one we didn’t was Argentina.

    Ah, got it! Context is king…

  22. Dan Good says:

    Here is the link.
    Zionism is a form of nationalism and like all nationalism it becomes a blind obsession among adherents. If nationalism leads to “conspiracy” theories this does not diminish its subversive nature. The incident of the Jewish Center bombing many years ago has been exploited for years by who? This article is well documented and can be investigated by those who wish to do so. To dismiss it out of hand just because it sounds like XX century fictions is not enough to discredit it. There never was anything credible about Hezbollah singling out a Jewish Center in a Latin American country for attack. That is why this article is persuasive.

  23. Dan Good says:

    Treaty of Westphalia goes back to the Thirty Years War 1618 to 1648 (not 1848!). The Thirty Years War devastated Germany, which at the time was still the Holy Roman Empire.

    • Replies: @Art
  24. @Wally

    Who forces acceptance of the fictitious & impossible ’6M & gas chambers’?

    You know, Jonnie, you could saying this, and I keep challenging you, and you keep running away, and then a few days later you say this again. Is there some specific reason you won’t debate this point in a forum that you don’t moderate?

    Who are the biggest racists on the planet?

    Who said the following here?

    * Now if we separate out specific European groups, say real Germans, real Austrians, & real Scandinavians from their lower IQ immigrants we see a completely different story.
    * In any region, city, country where blacks run the government and / or are a majority we see the same rampant crime, corruption, blight, disease, filth, & over breeding…There are no exceptions.
    * Genetics (low IQ) and the resultant dysfunction and crime are exacerbated by giving them unearned cash & benefits at others expense.
    * I suggest that Ronald West review the status of every geographical entity where blacks run the government, every geographical entity where blacks are a majority. Not a pretty picture.
    * It’s all about race. Suckers like yourself are the enablers of racial violence.
    * Whites and yellows are generally much smarter, more employable, more educated, and more reliable. And do look at violent crime statistics for blacks and browns. The facts are the facts.
    * But who is classified as ‘white’ in these statistics? Middle Easterners, Turkish, N. Africans, Armenians, Ah.

    But no, it’s “da Joos” who are racist. Project much, do we?

  25. Art says:
    @Dan Good

    Thanks for the correction – Art

  26. I wonder if the Jews in Argentina are of the non-Ashkenazi… This would explain how the Ashkenazi Zionists from Tel Aviv, NYC and DC are looking to discount and destroy the Argentinian Jews..

    It seems to me the Ashkenazi Zionists are the biggest threat to human rights, personal freedom and true market-driven prosperity..

    • Replies: @V. Uil
  27. V. Uil says:

    “It seems to me the Ashkenazi Zionists are the biggest threat to human rights, personal freedom and true market-driven prosperity..”

    Wow. With all the things going on in the world you think the Jews are the biggest threat to human rights and personal freedom, oh and don’t forget, prosperity. Not the Chinese who have stolen billions of dollars of intellectual property and run a pretty uptight and vicious regime.

    Not the the Iranians who seem to have a mania about spreading Shia beliefs around the world and incidentally do a lot of funding of groups in the ME that have this bad habit of killing people. Why not even the NSA that intrusively tracks people across the globe who they believe are suspicious.

    Of course, not the lunatics killing each other in the ME. No, no. Those are, but nothing compared to the 14 million Jooos in the world. They are the real danger.

    As an aside you may be interested in an excellent range of tin foil hats that I sell. These foil hats fit all size heads and are impervious to the mind control rays that aliens and Jooos are beaming out.

    Disclaimer: The Tin Foil Hat does not protect from the Lizard People

    • Replies: @KA
    , @KA
  28. KA says:
    @V. Uil

    why do you have to lie?

  29. KA says:
    @V. Uil

    sorry . I wanted to say why you are obfuscating . USA doesnt go out of the way to protect China and Iran. US does certain things to Iran. and to China on a daily basis . Something drastic.

  30. Ivan says:

    Please, Iran was looking to muscle in onto the Israeli-Palestinian conflict. This was after the heavy defeat of Saladin Saddam in 1991. The Palestinians had no real supporters then, having burned all their bridges to the Arab world by supporting (under little duress) Saddam to the hilt. The Iranian mullahs had an agenda; why not take the prize of being the leader of Islamic world by attacking the Israelis. Show the rest of the world, that Shia Iran instead of the Sunni Arabs are ready to take on the Israelis. That was basically what it was about, to be the top dog in the Islamic world, on the back of bleeding Israelis. Round about this time, the Hamas initiated their suicide bombing campaigns. When the Israelis rounded up the Hamas top-dogs and sent them into South Lebanon, the Hizballah was ready to provide aid and comfort. The fact is for many years, with absolutely no justification, the Iranian mullahs sought to visit terror on the Israelis.

    I don’t care about Wall Street types. But the cold-blooded murder of innocent Argentinian Jews is another matter. The black deed was done by none other than the Iranian government or its proxies.

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