The Wall Street Elites Who Financed Hitler

Oliver Stone’s Untold History of the United States – Prequel B

Directed by Oliver Stone

Film Review

Prequel B starts with the period of social repression that followed the return of GIs from World War I. US leaders were extremely concerned they would spread the oral sex techniques they had learned from French women. Alcohol prohibition, a crackdown on prostitution, rampant antisemitism (even Harvard restricted Jewish admissions) and anti-immigrant sentiment, and the eugenics movement (accompanied by forced sterilization of convicts, the “feeble minded” and promiscuous women) were all typical of this intense repression.

During the same period, Wall Street banks greatly reduced their investment in agriculture and manufacture, preferring the easier profits to be had from cheap credit and speculation. In 1929, a disastrous decision by central banks to increase interest rates triggered a deadly global depression, setting the stage for the rise of fascism in Europe.

Back in the US, Generals MacArthur, Eisenhower and Patton charged 40,000 World War I veterans and their families with infantry and tanks and burned their tents. The latter, calling themselves the Bonus Army, were demanding immediate payment of the bonus they had been promised for serving in World War I.

Stone describes the 1930s as a radical period of social experimentation, in part due to Roosevelt’s sweeping New Deal social reforms (including Social Security, unemployment insurance, agricultural subsidies, aid to dependent children and Federal paid work schemes), and in part due to aggressive industrial unionization and intense interest on the part of American intellectuals in Russia’s experiment with communism. Hundreds of thousands of Americans would join the Communist Party, while numerous prominent writers (including Ernest Hemingway, Langston Hughes, Sinclair Lewis, Richard Wright, Clifford Odets, and Sherwood Anderson) were communist sympathizers.

During the same period, the America’s wealthy elites were more inclined to support Hitler. Key individuals who helped finance the Third Reich include Henry Ford, Prescott Bush, William Randolph Hearst, the Morgan brothers, Allen Dulles (first CIA director) and John Foster Dulles (Secretary of State under Eisenhower). The key US banks involved were Bank of International Settlements, Chase Manhattan, JP Morgan and United Banking Corporation (Brown Brothers Harriman). Specific US companies that provided Hitler with armaments, military vehicles, aircraft, oil and other material support include Kodak, ITT, Dupont, Westinghouse, Standard Oil, Singer, GE, Pratt and Whitney, United Fruit, Singer, Douglas Aircraft and International Harvester.

In 1933, some of these same industrialists would also try to instigate a coup – foiled by General Smedley Butler – to remove Roosevelt from office.

 

The Bush Crime Family

Family of Secrets

by Russ Baker

Bloomsbury Press (2009)

Book Review

Family of Secrets is about the Bush family and the Shadow Government responsible for all major domestic and foreign policy decisions over the last sixty years. For evidence, Baker relies partly on declassified documents and partly on face-to-face interviews of corporate executives, low level politicians and retired intelligence officers who have worked closely with the Bush family.

Two-thirds of the book is about George Herbert Walker Bush and CIA ties that date back to 1948 when he left Yale and went to work for Dresser Industries. Baker lays out strong evidence that Dresser and Zapata Petroleum, the oil services company Bush senior started in 1953, served the primary purpose of front companies for global industrial espionage and CIA intelligence gathering.

In this way Bush senior replicated the role his father Prescott Bush played in the World War II spy service Office of Strategic Services (OSS). Prescott was a friend and colleague of founding CIA Director Allen Dulles at the Wall Street law firm Brown Brothers Harriman. Brown Brothers Harriman bought Dresser in 1928.

According to Baker, Bush senior played a pivotal role in helping Dulles create “off- the-shelf” CIA operations – disguised as front companies – to circumvent federal legislation that prohibited the CIA from spying domestically.

For me, the high points of this book include the background Baker provides on Lee Harvey Oswald’s career as a covert CIA operative, the on-off relationship between Bush senior and Oswald’s Dallas control George de Mohrenschildt and the crucial role Bush senior played in setting up Nixon as the fall guy in the Watergate break-in and cover-up.

Baker, in essence, corroborates earlier research by Mae Brussell that the Watergate scandal was a CIA coup to remove Nixon from office.

A third of the book covers the hidden history of George W Bush, including his early alcohol and cocaine abuse, the abortion he organized for one his girlfriends, his purported Christian conversion and his AWOL from the Texas Air National Guard unit – a notorious scandal that would cost CBS anchor Dan Rather his job.

George W’s brothers Neil, Marvin and Jeb receive only brief mention related to their illegal diversion of savings and loan funds, leaving taxpayers on the hook for hundreds of millions of dollars when the savings and loan associations went bust in the late eighties and had to be bailed out.

Baker maintains a nonprofit investigative news service at http://whowhatwhy.org/

Below is a 2009 Ron Reagan radio interview with Russ Baker about Family of Secrets that someone tweeted me:

Russ Baker interview