Guest Post: Need for Economic Crimes’ Nuremberg-Type Trials

Tyler Durden's picture

Submitted by Ten Tanosborn

Need for Economic Crimes’ Nuremberg-Type Trials
I prefer the Spanish word “perogrullada” to its English equivalent: truism or platitude.  During my youth we had something closer in meaning to perogrullada when we would confront someone expressing the obvious, saying “no kidding, Dick Tracy!” [Dick Tracy was then a very popular comic strip detective and crime solver.]

Well, the great minds here in America are now telling us that a double-dip recession is beginning to look more as a probability than a possibility.  And I say… no kidding, Dick Tracy!  We actually never came out of the recession, never mind some intermittent data that only served to confuse and mask the true state of most world economies, particularly those in much of the Western World.  How can any student of economics knowing, or even guessing, that there were trillions of dollars of overvalued assets and phony paper still in the books of many major world banks, disregard it as a non-event?  Depending on how many trillion are inflating the books, recession will stay with us, particularly in much of Europe and the United States, for as long as a decade.

Although some of the latter day economic crimes are global in nature and deserve to be tried by an international tribunal, many nations are not quite yet prepared to grant authority on complex economic matters to an international body, such as the International Court at The Hague.  The United States, a nation where much of the techno-financial crimes originated, would never consent to such scrutiny, and the likely indictment of many of its most prominent leaders in banking, finance and politics. No one would expect such masochism to take place for crime which took place, and was allowed at the apex of American economic and political power.

But we don’t need any foreign legal authority to tell us about the criminality which was, and continues to be, harbored in both Wall Street and Washington; we are well aware of it although seemingly impotent to do anything about it.  All Americans need is some honest leadership which will listen to their clamor for economic justice; leaders that would bring about the formation of a US economic tribunal (USET) under existing laws and, if necessary, ex post facto extraordinary laws that would have to be enacted to restore trust and bestow a sense of socio-economic fairness and morality in our nation and the people we elect to represent us.  That tribunal would have to be totally independent and without influence from the White House, Congress or the Justice Department; a legal body that would be granted temporary investigatory, prosecutorial and punitive authority under a predetermined code, or set of principles.

Those of us who are history buffs, specifically World War II, including events that preceded and postdated that war (1937-1947), tend to look at the Nuremberg Trials (1945-6) with different degrees of criticism.  One does not need to be a legal scholar to realize that much of the Nuremberg proceedings simulated more a lynching party, or a guillotine exhibition, than a trial conducted according to universal precepts of common law.  The defendants, prisoners of war, were not allowed to challenge the fairness of the judges, nor were they given the right to appeal.  Many of the crimes for which they were charged, and convicted of, had been and were being committed by the accusers, or their governments; at times such crimes falling under retrospective law.  And, to top it all, the trials were conducted under their own, and unchallengeable, rules of evidence.

Yet, even if History ultimately renders the Nuremberg Trials as illusory justice, or even a mockery of justice, the argument will remain strong that an important purpose was served by these trials: placating the demands for justice of a bleeding continent which had shed 40 million lives and experienced ruinous destruction; even if in reality it was a victors’ justice, it was by most accounts a remarkable improvement over past historical situations where post-war resolution usually amounted to no more than vengeance over an entire nation or people.

Fortunately, we should be able to do much better today, and our government could offer more than just a semblance of justice in bringing about the unraveling of economic crimes through such an economic tribunal.  The flaws in the Nuremberg Trials could be overcome for the most part, and an equally important purpose would be served: the soothing and return to trust of a nation which has been economically and incestuously raped by the very leaders and holders of the people’s trust; the raping conducted under the auspices of the free marketplace and globalization.
Obama, impotently and clueless, talks about creating jobs… How about using a trillion dollars in requisitioned ill-gotten profits and punitive fines from the gangsters or banksters in Wall Street?  A perfect way of funding, without adding to the national debt, the creation of several million jobs to renovate an infrastructure which is beginning to look as that of a developing country!  Most of these Wall Street firms would be forced out of business, but their services really add no real value to commerce or society… the industry having proved itself as nothing but a parasite, one able to contaminate the nation’s institutions, as well as the greed and vanity of our elected politicians.

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Belrev's picture

I seriously doubt that the Rohtschild brothers will allow that to happen on any serious level. Over their dead bodies, but they will kill millions if they have to in order to prevent that. Keep dreaming all yee sheeple. The world is run by greed, fear, violence and injustice, that is how it has always been and that is how it always will be for the simple fact that the sheeple are incapable of organizing and acting as one powerful force.

spiral_eyes's picture

the thing that puzzles me most about zero hedge and the alternative media community?

the number of hand-wringers who just want to say we're all screwed.

so we have a big wonderful community of freethinking people who see through all the seventeen shades of bullshit and THAT means we're all screwed?

fuck that, bro. how about some optimism? 

snowball777's picture

And upset a worldview that conveniently excuses a lifetime of failure?

The idea of a sudden change of heart in US leadership is more plausible.

Mr. Fix's picture

We are all screwed.

There's just no simpler way to put it.

chumbawamba's picture

You want optimism?

Imagine every light pole in Washington, D.C., adorned with a politician.  Just imagine.

It's not hard if you try.

I am Chumbawamba.


snowball777's picture

I'd rather see them cleaning toilets or digging coal.

DeadFred's picture

Either image will bring a smile to your face and a skip to your step.

TheFourthStooge-ing's picture

What a day, what a day for an auto-da-fe!



Fish Gone Bad's picture

For there to be an uprising, people would have to get their lazy fat asses off the couch and turn off the TV.  I am thinking it ain't gonna happen.

Thomas's picture

Curiously, a call for a lynch mob gets 12 thumbs ups and no thumbs down at the time of this posting. (Admittedly, I added to it, but it also illustrates the anger that 11 other wingnuts contributed to the tally.)

TheFourthStooge-ing's picture

Imagine every light pole in Washington, D.C., adorned with a politician.  Just imagine.

It's not hard if you try.

You might say I'm a dreamer, but I'm not the only one,

and the bankers, before we hang 'em, let's tar and feather just for fun.



High Plains Drifter's picture

leave them hanging and let them rot.  its a sign. 


look at gold and silver in the asian market. to the moon alice.....

mrkolice's picture

"No, I'm not a pessimist. At some point the world shits on everybody. Pretending it ain't shit makes you an idiot, not an optimist." shitmydadsays

Dan Watie's picture

Arnold can get into Rothschild Castle. C'mon Arnold, prove you are more than a Hollywood American Hero! Don't let these girlie men get away with this!


Arnold, say it ain't so!

He_Who Carried The Sun's picture

Its rather comical to assume that "The Rothschild" have anything to do with this.

Its not them but Nixon who ended austerity and american virtues and if you take history serious, it won't be the bankers who you'd have to go after, but Clinton and then Greenspan and then Bush.

The bankers can be charged for lending a hand, but they did not invent the policy!

Nuremberg was an epic failure, last not least because Germany was still at war (until 1948) and between 1945 and 1948 almost 2 million German Mothers and Children and Elder men lost their lives. One cannot expect a nation under such enormeous threats to take a farcical trial any serious while searching for bread and trying to run from Eastern European death squads of which arriving refugees told their fresh horror stories on a daily basis. Epic crimes committed on all sides!

WonderDawg's picture


Its rather comical to assume that "The Rothschild" have anything to do with this.

Its not them but Nixon who ended austerity and american virtues and if you take history serious, it won't be the bankers who you'd have to go after, but Clinton and then Greenspan and then Bush.

Dude, you are either seriously misinformed or willfully blind to what is going on. Nixon, Clinton, Greenspan, et al., were puppets dancing on the strings of the decision makers in the banking cabal.

Thomas's picture

Yes indeed, but it is not altogether clear to me what the top of that cabal looks like. Is it a centralized power structure or millions of dickweeds collectively taking us down like a swarm of locusts. Niall Ferguson, in his book "The House of Rothschild" describes an empire that died of natural causes (dissipated). Don't dismiss him too quickly; I think he is one of us.

Mactheknife's picture

>describes an empire that died of natural causes (dissipated).

Sorry, but that's not true. It is a centralized power structure based in London who happen to have "millions of dickweeds" working for them. The Rothschilds specialized in providing banking services to governments before there were central banks and then became those "central banks". They have always gone to extreme measures to avoid ANY and ALL publicity of their dealings hence the shroud (until recently) over our own Federal Recerve. Of course the real blame here goes to those self-serving egomaniacs who call themselves politicians who sold their decisions to get re-elected or were in debt to the banking cartel from the start. The banking cartel was just being the ruthless greedy bastards they are but they never forced any government or politician to take their money. We need a president who will stand before this country a say "Fuck you! We are taking our country back and ending the Federal Reserve".

He_Who Carried The Sun's picture

Nonsense, they all act on orders from these strange

looking fellas that live in Area51... Who is misinformed? lol

illyia's picture

Belrev. I agree. Up to this certain point:

"that is how it always will be:

Not so much with that last point. Example: Game theory discussion regarding sports figures using steroids (etc) to trump non-users ends up speaking to "corrupt players" v "upright players" (Scientific American and other GT sites). "Corrupts" only function by stealing credit within a functioning (on-balance sheet) game from "uprights". Everyone must still believe that baseball (or other sport) is useful or beneficial and is not corrupted entirely - or they will not play.

As long as there are uprights to steal from corrupts have something to gain. But at a global level, if the entire game is actually rigged, the uprights cease to function as patsies giving the corrupts no way to gain from stealing from them.

When we approach that level - and it must be an exhaustion level - then the corrupts will have to work to eat, too. We've never seen this GT play out on this kind of scale, but I think we might this time.

Peaceful Sunday

Misean's picture

We used "No shit, Sherlock".

WonderDawg's picture

We used both the Sherlock and Dick Tracy versions. The Dick Tracy version seemed to have more panache for me.

Oh regional Indian's picture

In India, it was Sherlock land. Never heard of Dick Tracy growing up. It was always, and everytime... No shit Shearlock (which always made me wonder about the origin of english last names, as in, was Sherlock a maere bastardization of Shearlock, which of course would suggst barber-ous genes....).

An interesting exclamation here was "Jesus Holy Christ on a Crutch", and "Jesus Holy Shit on Toast" which was funny since we were all hindus and yet declared many times a day that Jesus's shit was holy. Also showed how programmed we were eh? No one said Holy Rama's Shit on Toast. Never. Or, No Shiv Sherlock either. Now, in true programmed style, we've reduced religion and spirituality into caricature, so someone will probably pee on a painting of Krishna in a gallery, soon.

Anyways, what a waste of space this article. of course we need it. And of course, if anything did happen, as the author himself shows, they would be Nuremberg-esque show trials. Not going to happen. 

A new system will find it's own definition out of the ashes. The new normal has not shown it's full hand yet.

Vivek (ORI)



snowball777's picture

"Keep digging, Watson"

"Fuck you, Sherlock"

MichaelG's picture

Would be good to see Greenspan, Bernanke, Paulson & Geithner in the dock, although I expect they'd say they were only following orders.

WestVillageIdiot's picture

Sadly, we have to remember that we are surrounded by armies of accomplices.  The welfare crowd doesn't care if their SNAP and WIC benefits come as a result of money printing and ruinous debt.  The 401k crowd doesn't mind some minor (major, really) transgressions as long as their balances rise and the price of their house goes up.  Hell, they could rape puppy dogs and the middle class probably wouldn't care if it allowed them to sell their house to a Greater Fool.  The upper class sure loves all of the criminality that pays their dividends and rents.  Bring on more Section 8'ers.  They are a reliable income stream. 

The politicians love it all for obvious reasons.  They have full campaign coffers.  They get huge perks, including inside information.  When they finally leave office they become lobbyists or consultants.  Didn't that little piece of feces Tom Daschle turn into a high-priced lobby whore for the medical industry? 

The guilt is everywhere we look.  Many ZHers point it out to friends and family, even though we know that straightening out the system, at least in the short term, will hurt our financial situation.  The rest just sing, "keep your hands off of my pie". 

An honest trial requires an honest judge and an honest jury.  Good luck finding that amongst the American masses. 

Bob's picture

Sadly, we have to remember that we are surrounded by armies of accomplices.

Going for irony here?  Surely the larger finance community--which skims far more wealth from the status quo--deserves a mention along with the SNAP and WIC crowd?

Of course, until Mr. Market has that dramatic coronary, they'll continue to clean up.  Fortunately, the nation has adopted Mr. Market as its top charity case . . . and it ain't just the banksters who carry his water. 

Moe Howard's picture

Exactly, thanks for posting that.

hognutz's picture

As many people that they have hurt with their crimes?  Yes, it is Crimes against Humanity!   


Hang 'em high........

WestVillageIdiot's picture

I would be more than willing to sneak Dimon, Greenspan, Paulson, Rubin, Bernanke, Fuld, Raines, Mozillo, Romer, Mudd, Summers, Geithner, Lewis, Thain, etc. all the cyanide they can drink.  They can do their Goering imitation and I would be perfectly content with that. 

Now his nurse, some local loser
She's in charge of teh cyanide hole
And she also keeps the cards that read
"Have mercy on your soul" 

If they had any honor they would have already done it themselves. 

platoslast's picture

Campaign finance reform, term limits bitchez....

WestVillageIdiot's picture

A smarter electorate would still be needed. 

nmewn's picture

It only allows me to give you a one up vote, so I'll give you the + million under the table like its always done ;-)

Oh regional Indian's picture

Exactly. Bottom line. Bottom of the pyramid line. Don't see it happening. 

Vivek (ORI)

AngryVoter's picture

Ron Paul



All voters should have to pass a test created by ZeroHedge before voting.  Ensuring they are capable of making an informed decision.  That should solve the problem. 

DeadFred's picture

I just read that Ron Paul's money bomb was cyber-attacked last night. What was that saying, first ignore, then attack, then...

Edit "First they ignore you, then they ridicule you, then they fight you, then you win" Gandhi

Miles Kendig's picture

Or a more mature one. The US is an adolescent nation, spoiled and petulant that gets to elect its parents. It is time for American society to grow up and appreciate that the role of government is not to rip off thy neighbors so one can have a free lunch.

smlbizman's picture

there needs to be a reset button to the factory settings, set the date, hit enter...there is so much to unwind, patriot act,dodd-franks etc...this sytem cannot possibly be saved, sometimes it is better to raze and build new instead of remodeling....

High Wire's picture

A nice fantasy but I think a more likely scenario is that like Pol Pot they will die of old age under the protection of the US military while the rest of us fight over the scraps.

falak pema's picture

From a layman's point of view, to further highlight the issues raised above :

I am no international jurist. But :

Eleanor Roosevelt was the promoter of the International Human Rights Bill that was signed in full assembly by members of the UN in Dec. 1948 in Paris. This defined the framework for international human rights. I don't know if economic crimes are part of the causes for claiming human rights violations. This is thus my first question.

The US administration in the context of German occupation jointly organised with the victor nations the International War crimes trials at Nuremburg. However, the US administration has NEVER signed  its subservience to the mandate of the International Tribunal of War Crimes that the UN has sanctioned under its own aegis, inspite of non signature by a Security Council member (USA for one, there may be others), this tribunal has functioned for war crimes in Balkans and in Africa. It would be the ideal place to organise similar trials if economic crimes were considered similar to war crimes. But it will never be allowed to do so if  MAIN security council permanent members never adhere to the principle of abiding by its rules when applied to their OWN citizens. There is a catch 22 situation there : DOUBLE STANDARDS. 

The USA and all others have to come on board before any discussion on this issue can even occur. This is a global problem and cannot be treated just on  country per country basis. If economic crimes are sanctionnable there will be a world wide cry for trying the Oligarchs who have pillaged the national economies on five continents. A similar common yard stick has to be established for judging them all. TALL ORDER.

Oh regional Indian's picture

The United Nations is a Luciferian organization with New World, New Age, Alice Bailey and theosophist roots.

It is a huge part of the problem Falak. As it was intended to be.

Vivek (ORI)

vast-dom's picture

they will manufacture war and distract with disasters if there was so much as a distant viable rumblings of trials. in fact, wars and violent distractions will occur shortly anyhow.


no shit, dick tracy!




platoslast's picture

A few things may happen before these trial...

Social unrest like this country has never dreamed of...based on anything one can imagine...Class, race, religion, sex, education...removal of the president...hyper inflation will fuel the fires and the last thing the American people will focus on is the politics and economy...they will be trying to feed and protect there families. It's been the same for hundreds of years. The survivors/victors will be so tired of the unrest, the status quo will be perpetuated and even more oppressive, militarily and economically. once again the new standards will be accepted and the cycle will begin again.

Campaign finance reform...term limits bitchez...

High Plains Drifter's picture

nuremberg was a travesty and miscarriage of justice where the miracle of the 6 million started.....  we don't need that scam anymore. please. just put the bernank and the rest of them in the octagon.......its national fight club time...

disabledvet's picture

Miscarriage of what? The germans never denied what happened nor would they. The point of Nuremburg wasn't to pine over rules of evidence such that what happened would be known for all time. The world already knew that. It was a simple "do you take responsibility for what was done." and of course the refrain "just following orders sir!" was the reply. Needless to say they created the orders bit we'll leave that asode for the context of todays "tri lemma." the fact is we r fighting various wars of choice. The fact is none of the nations we attack in any way represent a threat to the USA. The fact of the matter is these multiple wars of choice have bankrupted the USA. (a final fact is i support them all as well but we'll save that one for another day.) so have gitmo type crimes been committed here at home? I think a logical question as to who all wants us to actually win these wars of choice actually are right now.

High Plains Drifter's picture

any admission at this monkey trial by germans was under duress, you can believe that. this trial was bogus and a big scam and everyone knew it. the real war criminals were eisenhower and churchill and many people in their prospective administration.  both of these two scumbags  were traitors to their own people and their own countries and to humanity...........

Heroic Couplet's picture

People who didn't want regulation are now getting Regulation with a capital letter R. The lobby whore money they've spent in DC now looks like wasted money. The Republican tax cuts have been in place for a decade. It's wealth that has gone into private pockets and there's nothing the Republican leadership can do about other than conclude they've shot themselves in the cowboy boot.

Congress appoval is at 15%. by extension, that't the approval rating for Michele Bachmann, Mitch McConnell, John Boehner, and Ron Paul. Ron was going to grill Ben Bernanke. What happened to that? Legislation starts in the House of Representatives. What have Bachmann and Paul introduced? Nothing. If they can't muster and influence in the House, they'll never do it as President adn the former American middle class knows it in a way that Rupert Murdoch, Roger Ailes, and Rush cannot do anything about.

ALL Congressional Republicans need to be out looking for jobs in the US and filming the process with Faux cameras and the ACORN pimp and prostitute. Show us the application, the submission, the wait for the interview. The Bush tax cuts have been in place for a decade. If Congressional Republicans can't do that, then they need to be called liars, to their face, voted out of office and kept out of office. If you're unemployed, you need to conduct your job search from a Republican's office. Republicans need to be intimately familiar with your steps.