This is a free preview of a paid episode. To hear more, visit turbulencepod.substack.com In part two of our conversation with Nathan Tankus, we discuss the finance of settler colonialism—from the Ottoman Empire’s debt crisis to the foreign capital that financed Zionist settlement and facilitated Palestinian dispossession. Nathan Tankus is a writer, researcher, and president of the publication Notes on the Crises. He is the author of the forthcoming book The Trump-Musk Payments Crisis: A 250-Year History, under contract with Viking Press. He is also the editor of We, Traitors: Bundist Writings on Zionism, Palestine, and Socialism, forthcoming from Haymarket. Nathan has created a 70% off annual subscription discount for Turbulence listeners! Access here: https://www.crisesnotes.com/turbulence. You can find Nathan on Bluesky or on Instagram. To support Palestinians in Gaza, consider donating through The Sameer Project. Full Bibliography for parts 1 and 2: Beardsley Ruml, “Warm Springs Memorandum,” April 1, 1938, Box 1, Series II, Ruml Papers (University of Chicago Special Collections) https://drive.google.com/file/d/1QX-moCOXe3sdIdb-D6nahgsZWDAP6gMe/view?usp=sharing Collins, Robert M. The business response to Keynes, 1929–1964. Columbia University Press, 1981. https://drive.google.com/file/d/1krr_0HETyEGSS47b5tbNnd4yXf_Jciqi/view?usp=sharing Blackstone, William E. “The Blackstone Memorial.” 1891. “To Show Kindness to Israel”: The Blackstone Memorial, Wheaton College Billy Graham Center Archives https://www2.wheaton.edu/bgc/archives/docs/BlackstoneMemorial/intro.htm Blackstone, William E. Jesus is Coming. Fleming H. Revell Company, 1898. https://archive.org/details/JesusIsComing-raptureByWilliamW.e.b.Blackstone Hudson, Michael. Super imperialism: The origin and fundamentals of US world dominance. Pluto Books, 2003 [1972]. https://www.crisesnotes.com/june2018manchesterspectrumofmonetarysovereignty/ https://www.crisesnotes.com/did-the-united-states-really-invade-iraq-because-it-started-pricing-oil-in-euros/ https://www.crisesnotes.com/the-oil-market-is-a-conventional-wisdom-processor/ Sabbagh-Khoury, Areej. Colonizing Palestine: The Zionist left and the making of the Palestinian Nakba. Stanford University Press, 2023. https://drive.google.com/file/d/1c19cza2D0HpckCDmMUvamOVS2TnHIwYk/view?usp=sharing Beirich, Eyshe, ed. We, Traitors: Bundist Writings on Palestine 1925–1938. Translated by Eyshe Beirich. Chicago: Haymarket Books, 2027. Parks, B. C., Zhang, S., Escobar, B., Walsh, K., Fedorochko, R., Vlasto, L., Zimmerman, J., Sickell, J., Bury, E., Joshi, A., Thome, L., Pandey, O., & Raja Manuri, V. P. R. 2025. Chasing China: Learning to Play by Beijing’s Global Lending Rules. Williamsburg, VA: AidData at William & Mary https://docs.aiddata.org/reports/chasing-china/Chasing_China_Full_Report.pdf “We are a rich Nation; we can afford to pay for security and prosperity without having to sacrifice our liberties into the bargain. In the first century of our republic we were short of capital, short of workers and short of industrial production, but we were rich, very rich in free land, and free timber and free mineral wealth. The Federal Government of those days rightly assumed the duty of promoting business and relieving depression by giving subsidies of land and other resources. Thus, from our earliest days we have had a tradition of substantial government help to our system of private enterprise. But today the Government no longer has vast tracts of rich land to give away and we have discovered, too, that we must spend large sums of money to conserve our land from further erosion and our forests from further depletion.” Roosevelt, Franklin D. “April 14, 1938: Fireside Chat 12: On the Recession.” Miller Center, University of Virginia, https://millercenter.org/the-presidency/presidential-speeches/april-14-1938-fireside-chat-12-recession Herzl, Theodor. The Complete Diaries of Theodor Herzl. Edited by Raphael Patai, translated by Harry Zohn, vol. 1, Herzl Press / Thomas Yoseloff, 1960. Herzl, Theodor. The Complete Diaries of Theodor Herzl. Edited by Raphael Patai, translated by Harry Zohn, vol. 2, Herzl Press / Thomas Yoseloff, 1960. Herzl, Theodor. The Complete Diaries of Theodor Herzl. Edited by Raphael Patai, translated by Harry Zohn, vol. 3, Herzl Press / Thomas Yoseloff, 1960. Portnoy, Samuel A., ed.. Vladimir Medem. The Life and the Soul of a Legendary Jewish Socialist. New York: Ktav, 1979. Milgrim, Michael R. “An Overlooked Problem in Turkish–Russian Relations: The 1878 War Indemnity.” International Journal of Middle East Studies 9.4 (1978): 519-537. Forstater, Mathew. “Taxation and primitive accumulation: the case of colonial Africa.” (2005). https://web.archive.org/web/20100728002121id_/http://cas.umkc.edu/econ/economics/faculty/Forstater/papers/Forstater2005/RiPE%20Forstater.pdf Merrino, Serena. “Currency and settler colonialism: the Palestinian case.” Review of International Political Economy 28.6 (2021): 1729-1750. https://www.tandfonline.com/doi/abs/10.1080/09692290.2020.1803951 Darity Jr, William. “African American reparations, Keynes, and the transfer problem.” Keynes for the Twenty-First Century: The Continuing Relevance of the General Theory. New York: Palgrave Macmillan US, 2008. 199-205. Darity Jr, William A., and Andrea Kirsten Mullen. From here to equality: Reparations for Black Americans in the twenty-first century. UNC Press Books, 2022.
