Christopher Akers

When Winston Churchill dined with the crème de la crème of American finance in New York on 28 October 1929, a facetious toast was made to ‘friends and former millionaires’. Despite a 13 per cent drop in the Dow after another day of market turmoil, the assembled banking titans felt they wouldn’t just survive the maelstrom, they would make more money from it. Churchill, whose finances were perennially chaotic, had caught stock market fever and lost today’s equivalent of almost $1.5 million. On returning to England, he declared the Wall Street crash ‘only a passing episode in the march of a valiant and serviceable people’. In the end, US stocks fell almost 90 per cent between their 1929 peak and 1932.

The medieval trope that Jews are inherently bloodthirsty has echoed down the ages. Forms of the blood libel have been disseminated ever since the myth emerged in England in the 12th century with claims that Christian children were being ritually murdered by Jews in re-enactments of the crucifixion of Jesus. In the aftermath of 7 October, Labour’s Rochdale by-election candidate Azhar Ali accused Israel of lowering its defences so that it could justify the shedding of innocent Palestinian blood. Gigi Hadid, the American model, shared a video which alleged that Israel is harvesting the organs of Palestinians.