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You are here: Home / General / Lula Blames White Men With Blue Eyes for Causing the Global Financial Crisis

Lula Blames White Men With Blue Eyes for Causing the Global Financial Crisis

Monday, March 30, 2009 at 5:39 AM
Written by Anthony L. Hall

Poor Gordon Brown. He has suffered more humiliation in the international media lately than any British prime minister in recent history.

Perhaps you’ve seen the viral video of him being dressed down by British Member of the European Parliament Daniel Hannan. He ended his tongue-lashing by calling Brown “the devalued prime minister of a devalued government.”

Not to mention the political body blow he suffered over the weekend when someone leaked his draft of the final communiqué world leaders were supposed to endorse at the end of their G-20 summit on Thursday. This prompted leaders like German Chancellor Angela Merkel to preemptively reject its key provision: a $2-trillion global stimulus package to save the world economy.

But what I found most interesting was the humiliation Brown suffered on a trip to Brazil last week to enlist support from that country’s irascible president, Luiz Inácio Lula da Silva. Reports are that Brown nearly lost his lunch at their joint press conference when Lula went off message as follows:

This crisis was caused by the irrational behavior of white people with blue eyes, who before the crisis appeared to know everything and now demonstrate that they know nothing… I do not know any Black or Indigenous bankers.

Of course, given the notorious rantings of Venezuelan President Hugo Chávez, this might seem like nothing more than the undiplomatic and incendiary rhetoric the world has come to expect from hot-blooded Latin leaders. Perhaps. But what Lula said also happens to be true — at least in part.

Unsurprisingly, it has provided terrific fodder for political commentators — many of whom have fatuously accused Lula of reverse racism. In fact, I am dismayed by the number of pundits, like Maureen Dowd of The New York Times, who dismissed Lula’s assertion as sheer “lunacy” without conceding the essential truth of the matter.

Meanwhile, instead of getting flustered, Brown would have saved face by pointing out that he, in fact, has brown eyes.

Never mind that this might have prompted Lula to refine his assertion more accurately: that the global financial crisis was caused by white American and European men, who traveled the globe dispensing advice that proved not only self-serving but the blueprint for a financial house of cards.

At any rate, I fully expect Lula to be greeted like a hero by G-20 leaders from developing countries. Because trust me, they all admire the fact that he had the cojones to say publicly what they’ve all been muttering in private.

Still, iPINIONS is sure the dark irony is not lost on any of them that the most non-white member of the group just happens to be the leader from the country most responsible for this crisis: President Barack Obama of the United States.

Anthony L. Hall

Legacy Note: With over 5,600 posts spanning 20 years, I am easily the most prolific blogger on the most eclectic array of topics on the web. That makes The iPINIONS Journal an unparalleled archive of informed political and cultural commentary. Visit the ARCHIVES section in the sidebar or search by topic. You won’t find a more consistent, independent voice on world affairs.

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Filed Under: General Tagged With: 2008 recession, Barack Obama, Brazil, G20, global financial crisis, Gordon Brown, Hugo Chavez, iPINIONS, Luiz Inacio Lula da Silva, white bankers

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Anthony L. Hall is the founding columnist of The iPINIONS Journal, where he’s published sharp, independent commentary on global affairs since 2005. Read more.

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