"Is the ad anti-Semitic? Not declaratively. But in its insinuations, it’s hard to deny it traffics in conspiracies of control and destruction identified with classical anti-Semitism.
Trump’s ad features a portion of his Oct. 13 speech in West Palm Beach, Fla. outlining what he said were “the global special interests” that “don’t have your good in mind.”
That speech, as we noted at the time, was a curious replay of themes and language familiar to those of us who are steeped in the monitoring of anti-Semitism. There were precise echoes of the notorious Russian anti-Semitic forgery, “The Protocols of the Elders of Zion,” which I explored here.
What there wasn’t, in the speech, was any mention of Jews. The phenomenon of anti-Semitism absent of Jews is not novel.
Now, in this ad, Trump has introduced Jews — three of them: Janet Yellen, the chairwoman of the Federal reserve; George Soros, the hedge funder and global philanthropist, and Lloyd Blankfein, the CEO of Goldman Sachs (the later two are Clinton backers).
...
That’s led at least five Jewish groups – including the Reform movement and the Anti-Defamation League– to condemn the ad.
“Whether intentional or not, the images and rhetoric in this ad touch on subjects that anti-Semites have used for ages,” ADL CEO Jonathan Greenblatt said."
http://www.jta.org/2016/11/07/news-opinion/politics/that-trump-ad-is-it-anti-semitic-an-analysis