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Rome, Rockefeller, the U.S. and Standard Oil The Monarchy of Money A Trail of Conspiracy, Bloodshed, and Evil

The Rockefeller Family Fortunes

A Trail of Conspiracy, Bloodshed, and Evil

Rome, Rockefeller, the U.S. and Standard Oil The Monarchy of Money!!!


The House of Rockefeller is, first and foremost, THE Invisible Government of the United States. Invisible Government is described as “predatory capital controlling the wheels of government behind a smoke screen.” (Bealle, The House of Rockefeller, p. 69). Rockefeller Presidential Power Grab Revealed at Last!!
Colonel E. L. Drake drilled the first oil well in 1859.Colonel E. L. Drake drilled the first oil well in 1859. Oil Creek, Pennsylvania.Oil Creek, Pennsylvania.

The first U.S. oil discovery was in Clarion County, Pennsylvania, by Colonel Edwin L. Drake in the year 1859. Subsequently , oil was discovered in Ohio, Oklahoma, Texas, Kansas, Arkansas, Colorado, Montana, California and the last great find was in Alaska. The industry grew rapidly until by 1900 it was one of the largest in the country. The invention of the automobile with the gasoline engine made oil the one indispensable commodity.

In 1870, the Standard Oil Company was incorporated in Ohio by John D. Rockefeller. It was illegal under Ohio law (and almost every other State) to control a company in another State. Rockefeller managed to secretly buy up and control the independent oil producers and refiners.

In 1883, he moved the seat of empire to the Empire State and set up headquarters in the Metropolis of Mammon at 26 Broadway in New York City. There he set up a TRUST or HOLDING company and began to ruthlessly devour all the independent oil producers and refiners both nationally and internationally:

No. 26 Broadway, former home of Standard Oil.

No. 26 Broadway, former home of Standard Oil. Notice the step pyramid on top!!

  “At the lower end of the greatest thoroughfare in the greatest city of the New World is a huge structure of plain gray stone. Solid as a prison, towering as a steeple, its cold and forbidding façade seems to rebuke the heedless levity of the passing crowds, and frown on the frivolity of the stray sunbeams which in the late afternoon play around its impressive cornices. Men point to its stern portals, glance quickly up at the rows of unwinking windows, nudge each other, and hurry onward, as the Spaniards used to do when going by the offices of the Inquisition. The building is No. 26 Broadway” (Lawson, Frenzied Finance, p. 5).

Rockefeller in 1888.

Rockefeller in 1888.

John D. Rockefeller (1839-1937)The world’s first billionaire!!

Rockefeller in 1904. He lost ALL his hair from worrying that oil reserves were going to run out and ruin his empire!!

Rockefeller in 1904.

When the Jesuits were expelled from every Catholic country in Europe, their only refuge was Russia, Great Britain and the United States. Thousands of them flocked to this country to carry on their war against the Reformation under the banner of American tolerance and freedom of religion for all. Among them were the Morgans, Roosevelts and German Roggenfelders. Roggenfelder was later changed to Rockefeller to make the name sound less German and more American!!

Roggenfelder Mill in Arinheller, Germany, operated by Johann Roggenfeder. Johann was the great-grandfather of Rockefeller and he came to America in 1722.

 
John D. Rockefeller's birthplace at Richford, New York, about 150 miles from New York City.]

John D. Rockefeller’s birthplace at Richford, New York, about 150 miles from New York City.

By this time the horrible 30 Years’ War in Germany was over but the Jesuits were not about to give up. There next attach would be from within and would be aimed at political and financial penetration in order to destroy the Protestant and freedom-loving nations who had escaped Rome’s grasp. The Rothschild Bank (founded 1742), which worked so closely with the Rockefellers in later years, was part of this conspiracy.

Rockefeller was 22 when the Civil War began. He refused to fight for the Union.

  Rockefeller was 22 and already wealthy when the Civil War began. He refused to enlist when President Lincoln asked for 75,000 volunteers. Like J. P. Morgan and the father of Teddy Roosevelt, he paid for a substitute to fight for him. He even refused his younger brother the measly sum of $75.00 to meet enlistment expenses. The Rothschild controlled National City Bank of Cleveland gave him his first loan.


Rockefeller Billions Began with BOOZE!!!

Rockefeller had a partner by the name of William M. Flagler. Flagler married the niece of a man named Stephen V. Harkness. Harkness owned a WHISKEY DISTILLERY. Rockefeller made a fortune by selling WHISKEY to the Union army:

“Rockefeller had been watching Flagler, his neighbor in the Case Block. He had shrewdly appraised the talents of that gentleman. But he had also perceived something else. Flagler had married the niece of a man who had lately made a great fortune. This man was Stephen V. Harkness. Harkness owned a distillery near Monroeville, Ohio. Toward the end of the war when the government was raking the land with a fine-tooth comb for values to tax, it fell naturally upon whiskey. John Sherman knew the government was going to put a heavy excise upon whiskey and he mentioned the fact to his friend, S. V. Harkness. Harkness needed nothing more than this tip. He proceeded to buy up with all the funds he could collect every barrel of whiskey he could lay hold of. When the tax was levied, Harkness found himself with an enormous amount of untaxed whiskeys which he could sell at the high prices exacted because of the tax. He promptly turned his investment into cash. This provided him with one of the amplest fortunes in Cleveland. Rockefeller knew of this adventure. And here was Flagler, Harkness’ nephew by marriage, at Rockefeller’s very door. Here was an entree to Harkness’ treasure chest” (God’s Gold, p, 134).

Rockefellers control U.S. oil industry

The first giant trusts or monopolies were formed by the Morgans and Rockefellers. The Rockefellers set about to created a huge oil monopoly which would completely dominate the industry. The invention of the automobile and the gasoline engine gave them a virtual stranglehold on the country. Instead of conserving oil and finding an alternative to the wasteful gasoline engine they encouraged waste and consumption of a non-renewable resource.

“As a member of the board of directors of the Chicago, Milwaukee and St. Paul Railroad, William Rockefeller had long ago struck up a warm friendship with James Stillman, the president of the National City Bank. The latter, stirred at all he learned of the efficiency of the Standard Oil management, and of its hierarchic and centralized government, so much like that of the Roman Catholic Church, modeled his own bank after it. He bought Standard Oil stock and became one of the family. Sphinx like, autocratic, silent, he came closer always to the Rockefellers whom he so much resembled” (The Robber Barons, p. 399).

Rockefellers issue “U.S.” Money!!!

The U.S. government does NOT issue the U.S. “paper” money. The Federal Reserve Notes are issued by the Rockefeller founded and controlled Federal Reserve Bank. It is a PRIVATE Bank and is not part of the U.S. government. The Federal Reserve Bank has the power to create money out of nothing and with access to unlimited credit has financed ALL the wars of the 20th century and will finance the coming aggression against Iraq.

Former home of William Rockefeller on Jekyll Island, Georgia, This was where the 3rd Bank was secretly chartered leading to the greatest theft of the people’s money in all the long history of crime.  

Federal Reserve Note. This is Rockefeller “money” even though it says “United States of America.”


Article I, Section 10, U.S. Constitution:

No State shall coin Money, emit Bills of Credit, make any
Thing but gold and silver Coin as Tender in Payment of Debts.

Rockefellers control U.S. “medical” profession

Around the turn of the century, when the alien force was hijacking the American Government, the Rockefeller Institute also created a sinister monopoly of the American medical profession. It’s director was Simon Flexner a German Jew/Jesuit “doctor.”

Here is a quote from one of their propagandists named Abraham Flexner who was part of the Rockefeller Institute:

“…The curse of medical education is the excessive number of schools. The situation can improve only as weaker and superfluous schools are extinguished.” (Abraham Flexner 1910).

There you have it . . . . too many medical schools producing too many doctors. In those days, medical students attended college for 2 years and then learned the healing arts from other doctors. To the monopolists however, this great system did not allow for 8 years of brainwashing in Jesuit controlled universities and colleges.

Rockefeller used the same tactics with the medical schools as he did with his business rivals: sell out or be forced to close. From about 160 medical schools the number was reduced by half.

Rockefeller buys Encyclopedia Britannica!!!

Yes! the Rockefeller Syndicate owns the venerable old Encyclopedia Britannica that so many people consider the “final authority.” In 1890, Rockefeller took over a Baptist Seminary called Morgan Park Theological Seminary and renamed it the University of Chicago.

In 1900 the Encyclopedia was bought from the publishers in Scotland. The University of Cambridge now did the editing for the new owners across the pond.

We don’t know how much he paid as he always used proxies or front men . . . but you can be sure that it was the lowest possible price… Roman Catholic editors were soon put to work expunging all derogatory references to Rome:

“The revision of the Encyclopedia Britannica was undertaken with a view to eliminate matter which was objectionable from a Catholic point of view and to insert what was accurate and unbiased. The whole of the 28 volumes were examined, objectionable parts noted, and the reasons for their deletion or amendment given. There is every reason to hope that the new edition of the Britannica will be found very much more accurate and impartial than its predecessors (Lies and Fallacies of the Encyclopedia Britannica., p. 4).”
And they did exactly that… All the true history of the Papacy, the Jesuits, and the infernal Inquisition were removed along with all derogatory references to vaccination.

Rockefeller “buys” U.S. Government!!!

Rockefeller and 1911.

On May 15, 1911, the Supreme Court of the United States ruled that the Standard Oil Cartel was a menace to the Republic and ordered it to be broken up:

“For the safety of the Republic we (U.S. Supreme Court) now decree that the dangerous conspiracy must be ended by Nov. 15, 1911 “(John D. A Portrait in Oils, p. 154).

Rockefeller vowed revenge against the U.S. and used his vast fortune to BUY the U.S. government.

The breakup of the Standard Oil monolith resulted in about 37 new companies. Rockefeller still secretly controlled them all by owning a voting majority of stock in the new corporation. Thus Standard Oil would be known as Standard Oil New Jersey (Exxon), Standard Oil New York (Mobil), Standard Oil Indiana (Amoco), Standard Oil California (Chevron), Atlantic Refining (Arco) etc., etc. It was business as usual at 26 Broadway — the headquarters of the giant.

3 years later they ordered the Kaiser to invade Belgium and start W. W. I. Their plan was to keep Germany and England fighting until the U. S. intervened. Herbert Hoover (another Standard Oil employee) was put in charge of the Belgium Relief Commission.

Rockefeller control over U.S. “Education.”

Rockefeller "Education" Board in 1915.

Rockefeller “Education” Board in 1915.

  Trustees of the General Education Board, the first Rockefeller foundation, at a retreat in Rockland, Maine, in July 1915. Front row, from left: Edwin A. Alderman, Frederick T. Gates, Charles W. Eliot (former president of Harvard University), Harry Pratt Judson (president of University of Chicago), Wallace Buttrick (executive officer of the Board). Second row, from left: Wickliffe Rose (head of the Rockefeller public health programs), Hollis B. Frissell, John D. Rockefeller, Jr., E. C. Sage, Albert Shaw, Abraham Flexner. Third row, from left: George E. Vincent (president of the Rockefeller Foundation), Anson Phelps Stokes, Starr J. Murphy, Jerome D. Greene.


Rockefeller the “Christian”

“Baptist” Rockefeller with bodyguard marching in the Easter parade in 1907.

  Rockefeller had the perfect disguise. He was a devout Baptist “Christian” and attended church regularly. He even led a Sunday school class in the Fifth Avenue Baptist church in New York City. However, by the turn of the century he was also the most hated man in America. His “handlers” recommended an image change. It was then that he started giving millions to charity. Now in the Bible that Rockefeller read there is a verse that says: “Therefore when thou doest thine arms (charity), do not sound a trumpet before thee, as the hypocrites do in the synagogues and in the streets, that they may have glory of men. Verily I say unto you, They have their reward. But when thou doest alms, let not thy left hand know what they right hand is doing” (Matthew 5:2-3).

By owning all the newspapers in the country he was able to sound the trumpet loud and clear about his charitable contributions. Rockefeller Junior even built a church in New York City called the Riverside Church. It was there that Dr. Martin Luther King gave his famous anti-war speech!!

Rockefeller did not let his left hand know what his right hand was doing!!!

When Jesus told the people in His Sermon on the Mount not to let your left hand know what your right is doing, He was talking about giving to charity or doing good deeds. Ultra secretive Rockefeller took that verse and applied it to his business instead!!

A flyer that was distributed in the oil regions about the predatory practices of the South Improvement Co.

 

The South Improvement Co. was the forerunner of the Standard Oil Company. Everybody involved with the company was sworn to the strictest secrecy. Men were warned not even to tell their wives of their activities. J. P. Morgan and the Rothschild Bank already owned the railroads and they were giving illegal rebates to the S. I. Co. This had the effect of ruining the independent refiners and forcing them to sell out at a tremendous loss or face financial ruin!!

 

The South Improvement Company was the forerunner of Standard Oil. It was chartered in Cleveland, Ohio, and was a front for the counter-Reformation Rothschild Bank. It’s sphere of activity was virtually limitless. (See History of the Standard Oil Co., Vol. I, by Ida Tarbell, pages 56 and 75).

The Twin Towers were called David and Nelson Rockefeller!!!

Governor Nelson Rockefeller (left) with Mayor John Lindsay inspect model of Twin Towers.

Governor Nelson Rockefeller (left) with Mayor John Lindsay inspect model of Twin Towers.

David and Nelson on Wall St. during Nelson’s 1970 race for Governor of New York State.

David Rockefeller was Chairman of Chase Manhattan Bank and provied the finance for the Twin Towers.

David Rockefeller was Chairman of Chase Manhattan Bank and provided the finances for the Twin Towers.

“The country, then, or New York State, therefore possesses two architectural monstrosities single-handedly produced by rivalrous Rockefeller brothers at taxpayers’ expense. For at the end of the line the taxpayer in both these cases foots the bill, as he does for everything else financial politicos devise. The two structures therefore represent a double screwing.
The two oppressive structures stand, one in New York City, the other in Albany, like giant bookends of the gods, with Rockefellerland-on-the-Hudson stretching in between, the home domain. In the meantime, ordinary citizens crawl along in the overpowering structural shadows like bugs, reduced in physical proportion to their true spiritual proportions in the established scheme of things: nothings, serfs. Neither structure is anything the psyche can humanly absorb. Each repels” (The Rockefeller Syndrome by Ferdinand Lundberg, p. 24).

The Twin Towers were affectionately named David and Nelson Rockefeller because they were the driving force behind their construction. Immediately after their demolition on 9-11-01, the Rockefeller Syndicate controlled Pentagon invaded Afghanistan and set up bases by the Caspian sea. Caspian sea oil, controlled by Russia, was the main competition to Standard Oil since 1890!!

“Russian competition was the subject of many top-level conferences at the headquarters of the Trust at 26 Broadway in New York. One of the methods of meeting the threat was price-cutting” (The Rockefeller Billions, p.165).

Rockefeller’s father was a con-man

William Rockefeller, father of John D. was also known as "devil Bill."William Rockefeller, father of John D. was also known as “devil Bill.”
 
The tombstone of William Avery Rockefeller --a.k.a. Dr. William Levingston -- in Freeport, Illinois.The tombstone of William Avery Rockefeller —a.k.a. Dr. William Levingston — in Freeport, Illinois.

William Rockefeller, father of John D. was also known as “devil Bill.”

William Avery Rockefeller was the father of John D. His neighbors called him “devil Bill.” He was a horse thief, a rapist and a bigamist. He had 2 families and 2 wives at the SAME time. He was a medicine man and ran a traveling medical road show which dispensed cancer cures to the ladies. He was known in some towns as “Doc” Rockefeller and in other towns as “Doc” Levingson. It was from his father that the son got his interest in “medicine.”


Rockefeller and the Russian Revolution

Joseph Stalin (1879 - 1953).

Joseph Stalin (1879 – 1953). A Rockefeller Syndicate employee!!!

 

By 1880, the Vatican-Rockefeller-Standard Oil cartel completely dominated the domestic and foreign markets for kerosene. All competition was ruthlessly crushed by this juggernaut. Then a rival appeared in the form of Russian oil. A Swede named Robert Nobel built a refinery in BAKU on the Caspian sea. He began to produce cheaper and better oil but was shut out of European and world markets by Standard Oil.

Rapid growth in Russian oil production had been achieved despite political upheaval that had enveloped the country since the turn of the century, much of which had been centered in the country’s oil capital, BAKU.  Strikes by oil workers had been a regular feature of the protests against the Tsar in 1903 and 1904, and were a major factor in the 1905 revolution, in which the former Josef Dzhugashvili played a significant, anti-Tsarist role. As a result of his revolutionary activity he fostered in BAKU at that time, Dzhugashvili was exiled to Siberia.  Later, he would become better known as Josef Stalin.


Rockefeller and the U.N.

United Nations building in New York City.

United Nations building in New York City.

 
John D. Rockefeller, III, (right) presents a check in the amount of $8,5000,000 to Trygve Lie, First Secretary General of the United Nations. The money is to purchase the land on Manhattan Island which will house the U.N. building.

John D. Rockefeller, III, (right) presents a check in the amount of $8,5000,000 to Trygve Lie, First Secretary General of the United Nations. The money is to purchase the land on Manhattan Island which will house the U.N. building.

Rockefeller the Tightwad

Rockefeller golfing in Florida.

Rockefeller golfing in Florida.

 

“Moneybags” Rockefeller got “teed off” when he lost a golf ball in a water hole. He was such a tightwad, skinflint and miser even thought he was the world’s first billionaire.  He was an avid golfer and:

“Around water holes, Rockefeller insisted that they switch to old golf balls and marveled at profligate players who used new balls in these treacherous places. “They must be very rich!” he told Ames” (Titan: the Life of John D. Rockefeller, Sr., p. 611).
The Creature from Jekyll Island (the evil Federal Reserve Bank)

Vital Links:

John D. Rockefeller: a character study by Ida M. Tarbell

Standard Oil and the Rise of Hitler

The Bush Family and the Rockefellers

Rockefellers massacred striking mine workers in Colorado.

Rockefeller and Standard Oil are the Founders of the State of “Israel.”

Murder by Injection: the Rockefeller Syndicate, by Eustace Mullins.

From Russia with Love — GRAND Duke Alexander warns Americans about the Rockefeller Empire!!


References

Abels, Jules, The Rockefeller Billions: The Story of the World’s Most Stupendous Fortune, The Macmillan Co., New York, 1965.

Allen, William H., Rockefeller, Giant Dwarf Symbol, Institute for Public Service, New York, 1930.

Bealle, Morris A., The House of Rockefeller, All America House, Washington D.C., 1959.

Brown, Richard E., Rockefeller Medicine Men, University of California Press, Los Angeles, 1979.

Chernow, Ron, Titan: the Life of John D. Rockefeller, Sr., Random House, New York, 1998.

Denny, Ludwell, We Fight for Oil, Alfred A. Knopf, New York, 1928.

Flynn, John T, God’s Gold: The Story of Rockefeller and His Times, Harcourt, Brace & Co., New York, 1932.

Griffin, Edward E., World Without Cancer, American Media, Westlake Village, CA. (Exposes the Rockefeller Institute suppression of the cure for cancer).

Higham, Charles, Trading with the Enemy: An Exposé of the Nazi-American Money Plot 1933-1949, Delacorte Press, New York, 1985. (Documents the fact that Standard Oil of New Jersey supplied Hitler with gasoline all during W W II).

Hoffman, William, David: Report on a Rockefeller, Lyle Stuart, New York, 1971.

Josephson, Emanuel M., The Truth About Rockefeller “Public Enemy #1″ Studies in Criminal Psychopathy, Chedney Press, New York, 1964.

Josephson, Emanuel M., The Federal Reserve Conspiracy & Rockefellers: Their Gold Corner, Chedney Press, New York, 1968.

Josephson, Matthew, The Robber Barons, Harcourt, Brace & Co., New York, 1934.

Klein, Henry H., Standard Oil or The People, Published by the author at the Tribune Building, New York City, 1914.

Klein, Henry, H., Dynastic America and Those Who Own It., Published by the author in New York City, 1921. (Henry H. Klein was First Deputy Commissioner of Accounts of the City of New York).

Lawson, Thomas, W., Frenzied Finance, The Crime of Amalgamated, Ridgway-Thayer Co, Boston, 1905. Reprinted by Greenwood Press Publishers, New York, 1968.

Lionni, Paola, The Liepzig Connection: The Systematic Destruction of American Education, Delphian Press, Sheridan, Oregon, 1988. (Great expose of Rockefeller’s destruction of our schools).

Lloyd, Henry Demarest, Wealth Against Commonwealth, Harper and Brothers, New York, 1894.

Lundberg, Ferdinand, The Rockefeller Syndrome, Lyle Stuart Inc., Secaucus, New Jersey, 1975.

Lundberg, Ferdinand, America’s 60 Families. The Vanguard Press, New York, 1937.

Mc Cabe, Joseph, The Lies and Fallacies of the Encyclopedia Britannica: How Powerful and Shameless Clerical Forces Castrated a Famous Work of Reference, Borderland Sciences, Garberville, CA. (not dated).

Manchester, William, A Rockefeller Family Portrait, Little, Brown and Co., Boston, Toronto, 1959.

Nevins, Allan, John D. Rockefeller: The Heroic Age of American Enterprise, (in 2 volumes), Charles Scribner’s Sons, New York, 1941.

Rogers, William, Rockefeller Follies, An Unauthorized View of Nelson A. Rockefeller, Stein & Day, New York, 1966.

Sinclair, Upton, King Coal, Bantam Books, New York, 1917. (This book is about the horrible massacre of striking mine workers in Colorado called The Ludlow Massacre).

Solberg, Carl, Oil Power: The Making of a Monopoly, Mason/Charter Publishing Co., New York, 1976.

Tarbell, Ida M., History of the Standard Oil Company, in 2 volumes, Mc Clure, Phillips & Co., New York, 1904.

Winkler, John K., John D. A Portrait in Oils, Vanguard Press, New York, 1929.

SOURCE

END


As is often the case, some of the most remarkable patriotic and religious speeches are made by the most hideous, disloyal and sinful of men. Adolf Hitler professed to be a Christian and gave some very convincing speeches to the German public, but history reveals a much, much darker side of Hitler. The following quotation is permanently inscribed in New York at the Rockefeller Center, which gives a very false impression of the man John D. Rockefeller.

Here is the entire John D. Rockefeller, Jr. quotation as inscribed at Rockefeller Center:

“I believe in the supreme with of the individual and in his right to
life, liberty and the pursuit of happiness. I believe that every right
implies a responsibility, every opportunity, an obligation; every
possession a duty.

I believe that the law was made for man and not man for the law; that
government is the servant of the people and not their master.

I believe in the dignity of labor, whether with head or hand; that he
world owes no man a living but it owes every man an opportunity to
make a living.

I believe that thrift is essential to well-ordered living and that
economy is a prime request of a sound financial structure, whether in
government, business or personal affairs.

I believe in the sacredness of a promise, that a man’s word should be
as good as his bond; that character-not wealth or power or position-
is of supreme worth.

I believe that the rendering of useful service is the common duty of
mankind and that only in the purifying fire of sacrifice is the dross
(waste matter) of selfishness consumed and the greatness of the human
soul set free.

I believe in all-wise-and all-loving God, named by whatever name, and
that the individuals highest fulfillment, greatest happiness, and
widest usefulness are to be found in living in harmony with His will.

I believe that love is the greatest thing in the world; that it alone
can overcome hate; that right can and will triumph over might.”

Ronald Reagan is still praised by many Americans, especially naive Christians, as a great man of faith and integrity, but Reagan was no hero, neither was Oliver North, nor the Bush Family. The Bible says we can know men by their fruits (Matthew 7:16,20), whether they be good or evil. Don’t judge a man by his fair speeches, but by his actions and accomplishments. Jesus said the Devil would send his messengers and servants as wolves in sheep’s clothing.

Romans 16:18, “For they that are such serve not our Lord Jesus Christ, but their own belly; and by good words and fair speeches deceive the hearts of the simple.”


http://www.jesus-is-savior.com/False%20Religions/Illuminati/rockefeller_fortunes.htm

Murder by Injection
Chapter 10
The Rockefeller Syndicate

by Eustace Mullins

Many American conservatives believe as a matter of faith that the Rockefellers and the Council on Foreign Relations exercise absolute control over the government and the people of United States. This thesis can be accepted as a working formula if one remains conscious of the larger issues. Two writers for whom the present writer has great respect, Dr. Emanuel Josephson and Morris Bealle, insisted on focusing on the Rockefellers and excluding all other aspects of the World Order. This severely limited the effect of their otherwise ground breaking work on the Medical Monopoly.

This writer advanced a contrary view in “The World Order,” fixing upon the Rothschild monetary power, which reached a point of world control by 1885, and its London policy group, the Royal Institute of International Affairs, and the policy makers for what has essentially been since 1900, re-established colonial government in the United States. The colonial, or occupation government, functions primarily through the Council on Foreign Relations, but only as the subsidiary of RIIA and through the Rockefeller Foundation which controls government functions, the educational establishments, the media, the religions and the state legislatures.

It is true that the American colonials have “free elections,” in which they have the absolute right to vote for one of two opposing candidates, both of whom have been handpicked and financed by the Rockefeller syndicate. This touching evidence of “democracy” serves to convince most Americans that we are indeed a free people. We even have a cracked Liberty Bell in Philadelphia to prove it. American youth have been free since 1900 to be marched off to die in Hegelian wars in which both combatants received their instructions from the World Order. We are free to invest in a stock market which the daily quantity, price and value of the monetary unit is manipulated and controlled by a Federal Reserve System which is answerable only to the Bank of England. It has maintained its vaunted “independence” from our government’s control, but this is the only independence it has ever had.

The realization that we do indeed live under the dictate of the “Rockefeller Syndicate” can well be the starting point of the long road back of a genuine struggle for American independence. In exposing “the Rockefellers” as agents of a foreign power, which is not merely a foreign power, but a genuine world government, we must realize that this is not merely a group dedicated to making money, but a group which committed to maintaining the power of a colonial form of government over the American people. Thus the ancient calumny of John D. Rockefeller as a man obsessed by greed (a category in which he has

plenty of company) obscures the fact that from the day the Rothschilds began to finance his march towards a total oil monopoly in the United States from their coffers at the National City Bank of Cleveland, Rockefeller was never an independent power, nor does any department of the Rockefeller Syndicate operate as an independent power. We know that the Cosa Nostra, or Mafia, with which the Syndicate is closely allied has somewhat autonomous power in the regions which have been assigned to that particular “family” by the national directors, but this always implies that that family remains under total control and answerable for everything which occurs in its territory.

Similarly, the Rockefeller Syndicate operates under clearly defined spheres of influence. The “charitable” organizations, the business companies, and the policy groups always meld into a working operation, nor can any department of the Syndicate strike out on its own or formulate an independent policy, no matter what may be its justification.

The Rockefeller Syndicate operates under the control of the world financial structure, which means that on any given day, all of its assets could be rendered close to worthless by adroit financial manipulation. This is the final control, which insures that no one can quit the organization. Not only would he be stripped of all assets, but he would be under contract for immediate assassination. Our Department of Justice is well aware that the only “terrorists” operating in the United States are the agents of the World Order, but they prudently avoid any mention of this fact.

The world financial structure, far from being an unknown or hidden organization, is actually well known and well defined. It consists of the major Swiss Banks the survivors of the old Venetian-Genoese banking axis the Big Five of the world grain trade the British combine, centered in the Bank of England and its chartered merchant banks, functioning trough the Rothschilds and the Oppenheimers and having absolute control over their Canadian colony through the Royal Bank of Canada and the Bank of Montreal, their Canadian lieutenants being the Bronfmans, Belzbergs, and other financial operators and the colonial banking structure in the United States, controlled by the Bank of England through the Federal Reserve System the Boston Brahmin families who made their fortunes in the opium trade, including the Delanos and others and the Rockefeller Syndicate, consisting of the Kissinger network headquartered in the Rockefeller Bank, Chase Manhattan Bank, American Express, the present form of the old Rothschild representatives in the United States, which includes Kuhn, Loeb Company and Lehman Brothers.

It is notable that the Rockefeller Syndicate is far down on the list of the world’s financial structure. Why then is it of such importance? Although it is not the crucial factor in financial decision in the Western Hemisphere, it is the actual working control mechanism of the American colony. The Rockefeller family themselves, like the Morgans, Schiffs and Warburgs, have faded into insignificance, but the mechanism created in their name roars along at full power, still maintaining all of the functions for which it was organized. Since he setup the Trilateral Commission, David Rockefeller has functioned as a sort of international courier for the World Order, principally concerned with delivering working instructions to the Communist bloc, either directly, in New York or by traveling to the area. Lawrence Rockefeller is active in the operation of the Medical Monopoly, but his principal interests are in operating various vacation spas in tropical areas. They are the two survivors of the “Fortunate Five,” the five sons of John D. Rockefeller, Jr. and Abby Aldrich. John D. Rockefeller, Jr.. died in an institution in Tucson, Arizona and was hastily cremated. John D. Rockefeller III died in a mysterious accident on a New York Parkway near his home. Nelson Rockefeller, named after his grandfather, died in the arms of a TV journalist it was later revealed that he had also been in the arms of another TV journalist at the same time the death was hushed up for many hours. It is generally believed hat he ran afoul of his Colombian drug connection, the disagreement hardly being trivial it involved several billion dollars in drug profits which had not been properly apportioned. Winthrop Rockefeller died an alcoholic in the arms of his black boy friend. He had been interviewed on television by Harry Reasoner to explain his hasty move from New York to Arkansas. Winthrop leered that his black boy friend, an Army sergeant who apparently taught him the mysteries of drill, refused to live in New York. To celebrate this alliance, Winthrop Rockefeller gave magnificently to Negro causes, including the Urban League building on East 48th Street in New York. A plaque on the second floor notes that it was his gift; it might well have stated “From Hadrian to his Antinous”.

We do not wish to imply that the Rockefellers no longer have influence, but that the major policy dictates of the Rockefeller Syndicate are handed down by other capos, of whom they continue to be a visible force. Through the person of David Rockefeller, the family is sometimes called “the first family of the Soviet Union.” Only he and Dr. Armand Hammer, the moving force behind USTEC, have permanent permission to land their private planes at the Moscow Airport. Others would suffer the fate of KAL 007.

Both the Rockefeller family fortune and the considerable portion set aside in the foundations of the Rockefeller Syndicate are effectively insulated against any type of government control. Fortune magazine noted August 4, 1986, that John D. Rockefeller, Jr. had created trusts in 1934 which now amounted to some $2.3 billion ;  another $200 million had been set aside for the Abby Rockefeller branch. The five sons had trusts which in 1986 amount to $2.1 billion. These trusts had originally amounted to only $50 million each, showing the increase in their assets as well as inflation during the ensuing half century. Fortune estimated the 1986 total Rockefeller wealth as $3.5 billion, of which $900 million was in securities and real estate. They owned 45% of the Time Life Building; Nelson Rockefeller’s International Basic Economy Corporation had been sold to a British company in 1980. For years, the Rockefeller family had deliberately kept the rents low in its major holding, the Rockefeller Center, a $1.6 billion investment yielding an annual return of 1%. This was a convenient maneuver, for tax purposes. Rockefeller Center recently went public issuing stock which was sold to public buyers. The Rockefellers are rumored to be liquidating their investments in the New York area, and reinvesting in the West, particularly in the area around Phoenix, Arizona. It is possible that they know something we don’t.

However much of the Rockefeller wealth may be attributed to old John D.’s rapacity and ruthlessness, its origins are indubitably based in his initial financing from the National City Bank of Cleveland, which was identified in Congressional reports as one of the three Rothschild banks in the United States and by his later acceptance of the guidance of Jacob Schiff of Kuhn, Loeb & Company, who had been born in the Rothschild house in Frankfort and was now the principal Rothschild representative (but unknown as such to the public) in the United States.

With the seed money from the National City Bank of Cleveland, old John D. Rockefeller soon laid claim to the title of “the most ruthless American.” It is more than likely that it was this quality which persuaded the Rothschilds to back him. Rockefeller realized early in the game that the oil refinery business, which could offer great profits in a short time, also was at the mercy of uncontrolled competition. His solution was a simple one—crush all competition. The famous Rockefeller dedication to total monopoly was simply a business decision. Rockefeller embarked on a campaign of coercing all competing oil refineries out of business. He attacked on a number of fronts, which is also a lesson to all would be entrepreneurs. First, he would send a minion, not known to be working for Rockefeller, with an offer to buy the competing refinery for a low price, but offering cash. If the offer was refused, the competitor would then come under attack from a competing refinery which greatly undercut his price. He might also suffer a sudden strike at his refinery, which would force him to shut down. Control of labor through unions has always been a basic Rockefeller technique. Like the Soviet Union, they seldom have labor trouble. If these techniques failed, Rockefeller would then be saddened by a reluctant decision to use violence; beating the rival workers as they went to and from their jobs, or burning or blowing up the competing refinery.

These techniques convinced the Rothschilds that they had found their man. They sent their personal representative, Jacob Schiff, to Cleveland to help Rockefeller plan further expansion. At this time, the Rothschilds controlled 95% of all railroad mileage in the United States, through the J.P. Morgan Company and Kuhn Loeb & Company according to official Department of Commerce figures for the year 1895. J.P.Morgan mentions in his Who’s Who listing that he controlled 50,000 miles of U.S. railways. Schiff worked out an elaborate rebate deal for Rockefeller, through a dummy corporation, South Improvement Company. These rebates ensured that no other oil company could survive in competition with the Rockefeller firm. The scheme was later exposed, but by that time Rockefeller had achieved a virtual monopoly of the oil business in the United States. The daughter of one of his victims, Ida Tarbell, whose father was ruined by Rockefeller’s criminal operations, wrote the first major expose of the Standard Oil Trust. She was promptly denounced as a “muckraker” by the poseur, Theodore Roosevelt, who claimed to be a “trust buster”. In fact, he ensured the dominance of the Standard Oil Trust and other giant trusts.

During the next half century, John D. Rockefeller was routinely caricatured by socialist propagandists as the epitome of the ruthless capitalist. At the same time, he was the principal financier of the world Communist movement, through a firm called American International Company. Despite the fact that the House of Rothschild had already achieved world control, the sound and fury was directed exclusively against its two principal, representatives, John D. Rockefeller and J.P. Morgan. One of the few revelations of the actual state of affairs appeared in Truth magazine, December 16, 1912, which pointed out that “Mr. Schiff is head of the great private banking house of Kuhn, Loeb &Company, which represents the Rothschild interests on this side of the Atlantic. He is described as a financial strategist and has been for years the financial minister of the great impersonal power known as Standard Oil.” Note that this editor did not even mention the name of Rockefeller.

Because of these concealed factors, it was a relatively simple matter for the American public to accept the “fact” that the Rockefellers were the preeminent power in this country. This myth was actually clothed in the apparel of power, the Rockefeller Oil Trust becoming the “military-industrial complex” which assumed political control of the nation the Rockefeller Medical Monopoly attained control of the health care of the nation, and the Rockefeller Foundation, a web of affiliated tax exempt creations, effectively controlled the religious and educational life of the nation. The myth succeeded in its goal of camouflaging the hidden rulers, the Rothschilds.

After the present writer had been exposing this charade for some twenty-five years, a new myth began to be noised about in American conservative circles, effectively propagated by active double agents. This myth found a host of eager believers, because it heralded a growing crack in the monolithic power which had been oppressing all the peoples of the world. This new “revelation” was that a struggle to the death for world power had developed between the Rockefellers and the Rothschilds. According to this startling development, one faction or the other, depending on which agent you were listening to, had gained control of the Soviet Union and would use its power as the basis for achieving the overthrow of the other faction. The sudden death of several members of the Rockefeller family was cited as “proof” that such a struggle was taking place, although no Rothschild is known to have succumbed during this “war”. This ignored the general understanding that Nelson Rockefeller had been “eliminated” as the result of losing deposit slips for several billion dollars of drugs from the Colombian cartel, or that the other Rockefeller deaths showed no trace of a “Rothschild connection”.

Having maintained extensive files on this situation for several decades, the present writer could not believe anyone could be so misinformed as to think that “the Rockefellers” were now trying to seize power from the Rothschilds, at a time when the influence of members of the Rockefeller family was already in great decline, their family finances being handled by J. Richardson Dilworth, their legal affairs being handled by John J. McCloy, and other faithful retainers; none of these retainers would have been willing to engage in a genuine power struggle, as they were faceless managers who lived only for their weekly paycheck. They had no ambitions of their own. Nevertheless, many hopeful Americans grasped the will-o-the-wisp notion that the Rockefellers were now “good Americans” who were willing to risk all to overthrow the Rothschilds. Amazingly enough, this pernicious story persisted for almost a decade before being relegated to the curiosities of history.

Like J.P. Morgan, who had begun his commercial career by selling the U.S. Army some defective guns, the famous fall carbine affair, John D. Rockefeller also was a war profiteer during the Civil War he sold unstamped Harkness liquor to Federal troops at a high profit, gaining the initial capital to embark on his drive for monopoly. His interest in the oil business was a natural one; his father, William Rockefeller had been “in oil” for years. William Rockefeller had become an oil entrepreneur after salt wells at Tarentum, near Pittsburgh, were discovered in 1842 to be flowing with oil. The owners of the wells, Samuel L. Kier, began to bottle the oil and sell it for medicinal purposes. One of his earliest wholesalers was William Rockefeller. The “medicine” was originally labeled “Kier’s Magic Oil”. Rockefeller printed his own labels, using “Rock Oil” or “Seneca Oil,” Seneca being the name of a well known Indian tribe. Rockefeller achieved his greatest notoriety and his greatest profits by advertising himself as “William Rockefeller, the Celebrated Cancer Specialist”. It is understandable that his grandsons would become the controlling power behind the scenes of the world’s most famous cancer treatment center and would direct government funds and charitable contributions to those areas which only benefit the Medical Monopoly. William Rockefeller spared no claim in his flamboyant career. He guaranteed “All Cases of Cancer Cured Unless They Are Too Far Gone.” Such were the healing powers that he attributed to his magic cancer cure that he vas able to retail it for $25 a bottle, a sum then equivalent to two months’ wages. The “cure” consisted of a few well known diuretics, which had been diluted by water. This carnival medicine show barker could hardly have envisioned that his descendants would control the greatest and the most profitable Medical Monopoly in recorded history.

As an itinerant “carnie,” a traveling carnival peddler, William Rockefeller had chosen a career which interfered with developing a stable family life. His son John rarely saw him, a circumstance which has inspired some psychological analysts a conjecture that the absence of a father figure or parental love may have contributed to John D. Rockefeller’s subsequent development as a money mad tyrant who plotted to maim, poison and kill millions of his fellow Americans during almost a century of his monopolistic operations and whose influence, reaching up from the grave, remains the most dire and malignant presence in American life. This may have been a contributing factor—however, it is also possible that he was totally evil. It is hardly arguable that he is probably the most Satanic figure in American history.

It has long been a truism that you can find a horse thief or two in any prominent American family. In the Rockefeller family it was more than a truism. William seems to have faithfully followed the precepts of the Will of Canaan throughout his career, “love robbery, love lechery.” He fled from a number of indictments for horse stealing, finally disappearing altogether as William Rockefeller and re-emerging as Dr. William Levingston of Philadelphia, a name which he retained for the rest of his life. An investigative reporter at Joseph Pulitzer’s New York World received a tip that was followed up. The World then disclosed that William Avery Rockefeller had died May 11, 1906 in Freeport, Illinois, where he was interred in an unmarked grave as Dr. William Levingston.

William Rockefeller’s vocation as a medicine man greatly facilitated his preferred profession of horse thief. As one who planned to be in the next county by morning, it was a simple matter to tie a handsome stallion to the back of his wagon and head for the open road. It also played a large part in his vocation as a woman-chaser; he was described as being “woman-mad”. He not only concluded several bigamous marriages, but he seems to have had uncontrolled passions. On June 28, 1849, he was indicted for raping a hired girl in Cayuga, New York; he later was found to be residing in Oswego, New York and was forced once again to decamp for parts unknown. He had no difficulty in financing his woman-chasing interests from the sale of his miraculous cancer cure and from another product, his “Wonder Working Liniment,” which he offered at only two dollars a bottle. It consisted of crude petroleum from which the lighter oils had been boiled away, leaving a heavy solution of paraffin, lube oil and tar, which comprised the “liniment.” William Rockefeller’s original miracle oil survived until quite recently as a concoction called Nujol, consisting principally of petroleum and peddled as a laxative. It was well known that Nujol was merely an advertising sobriquet meaning “new oil,” as opposed, apparently, to “old oil”. Sold as an antidote to constipation, it robbed the body of fat-soluble vitamins, it being a well-established medical fact that mineral oil coated the intestine and prevented the absorption of many needed vitamins and other nutritional needs. Its makers added carotene as a sop to the health-conscious, but it was hardly worth the bother. Nujol was manufactured by a subsidiary of Standard Oil of New Jersey, called Stanco, whose only other product, manufactured on the same premises, was the famous insecticide, Flit.

Nujol was hawked from the Senate Office Building in Washington for years during a more liberal interpretation of “conflict of interest.” In this case, it was hardly a conflict of interest, because the august peddler, Senator Royal S. Copeland, never had any interests other than serving the Rockefellers. He was a physician whom Rockefeller had appointed as head of the New York State Department of Health and later financed his campaign for the Senate. Copeland’s frank display of commercialism amazed even the most blasé Washington reporters. He devoted his Senate career to a daily program advertising Nujol. A microphone was set up in his Senate office each morning, the first order of business being the Nujol program, for which he was paid $75,000 a year, an enormous salary in the 1930s and more than the salary of the President of the United States. Senator Copeland’s exploits earned him a number of nicknames on Capitol Hill. He was often called the Senator from the American Medical Association, because of his enthusiastic backing for any program launched by the AMA and Morris Fishbein. More realistically, he was usually referred to as “the Senator from Standard Oil”. He could be counted on to promote any legislation devised for the greater profit of the Rockefeller monopoly. During congressional debate on the Food and Drug Act in 1938, he came under criticism from Congresswoman Leonor Sullivan, who charged that Senator Copeland, a physician who handled the bill on the Senate floor, frankly acknowledged during the debate that soap was exempted from the law, because the soap manufacturers, who were the nation’s largest advertisers, would otherwise join with other big industries to fight the bill. Congresswoman Sullivan complained the “Soap was officially declared in the law not to be a cosmetic. . . The hair dye manufacturers were given license to market known dangerous products, just so long as they placed a special warning on the label—but what woman in a beauty parlor ever sees the label on the bulk container in which hair dye is shipped?”

Just as the elder Rockefeller had spent his life in the pursuit of his personal obsession, omen, so his son John was equally obsessed, being money-mad instead of women-mad, totally committed to the pursuit of ever-increasing wealth and power. However, the principal accomplishments of the Rockefeller drive for power, the rebate scheme for monopoly, the chartering of the foundations to gain power over American citizens, the creation of the central bank, the Federal Reserve System, the backing of the World Communist revolution and the creation of the Medical Monopoly, all came from the Rothschilds or from their European employees. We cannot find in the records of John D. Rockefeller that he originated any one of these programs. The concept of the tax exempt charitable foundation originated with the Rothschild minion, George Peabody, in 1865. The Peabody Educational Foundation later became the Rockefeller Foundation. It is unlikely that even the diabolical mind of John D. Rockefeller could have conceived of this devious twist. A social historian has described the major development of the late nineteenth century, when charitable foundations and world Communism became important movements, as one of the more interesting facets of history, perhaps equivalent to the discovery of the wheel. This new discovery was the concept developed by the rats, who after all have rather highly developed intelligence’s, that they could trap people by baiting traps with little bits of cheese. The history of mankind since then has been the rats catching humans in their traps. Socialism—indeed any government program—is simply the rat baiting the trap with a smidgen of cheese and catching himself a human.

Congressman Wright Patman, chairman of the House Banking and Currency Committee, noted from the floor of Congress that the establishment of the Rockefeller Foundation effectively insulated Standard Oil from competition. The controlling stock had been removed from market manipulation or possible buy-outs by competitors. It also relieved Standard Oil from most taxation, which then placed a tremendous added burden on individual American taxpayers. Although a Rockefeller relative by marriage, Senator Nelson Aldrich, Republican majority leader in the Senate, had pushed the General Education Board charter through Congress, the Rockefeller Foundation charter proved to be more difficult. Widespread criticism of Rockefeller’s monopolistic practices was heard, and his effort to insulate his profits from taxation or takeover was seen for what it was. The charter was finally pushed through in 1913 (the significant Masonic numeral 13—1913 was also the year the progressive income tax and of the enactment of the Federal Reserve Act). Senator Robert F. Wagner of New York, another senator from Standard Oil (there were quite a few), ramrodded the Congressional approval of the charter. The charter was then signed by John D. Rockefeller, John D. Rockefeller, Jr., Henry Pratt Judson, president of the Rockefeller established University of Chicago, Simon Flexner, director of the Rockefeller Institute, Starr Jameson, described in Who’s Who as “personal counsel to John D. Rockefeller in his benevolences,” and Charles W Eliot, president of Harvard University.

The Rockefeller Oil Monopoly is now 125 years old, yet in 1911, the Supreme Court, bowing to public outrage, had ruled that it had to be broken up. The resulting companies proved to be no problem for the Rockefeller interests. The family retained a two per cent holding in each of the “new” companies, while the Rockefeller foundations took a three per cent stock holding in each company. This gave them a five per cent stock interest in each company; a one per cent holding in a corporation is usually sufficient to maintain working control.

The involvement of the Rockefellers in promoting the world Communist Revolution also developed from their business interests. There was never any commitment to the Marxist ideology; like anything else, it was there to be used. At the turn of the century Standard Oil was competing fiercely with Royal Dutch Shell for control of the lucrative European market. Congressional testimony revealed that Rockefeller had sent large sums to Lenin and Trotsky to instigate the Communist Revolution of 1905. His banker, Jacob Schiff, had previously financed the Japanese in their war against Russia and had sent a personal emissary, George Kennan to Russia to spend some twenty years in promoting revolutionary activity against the Czar. When the Czar abdicated, Trotsky was placed on a ship with three hundred Communist revolutionaries from the Lower East Side of New York. Rockefeller obtained a special passport for Trotsky from Woodrow Wilson and sent Lincoln Steffens with him to make sure he was returned safely to Russia. For traveling expenses, Rockefeller placed a purse containing $10,000 in Trotsky’s pocket.

On April 13, 1917, when the ship stopped in Halifax, Canadian Secret Service officers immediately arrested Trotsky and interned him in Nova Scotia. The case became an international cause celebre, as leading government officials from several nations frantically demanded Trotsky’s release. The Secret Service had been tipped off that Trotsky was on his way to take Russia out of the war, freeing more German armies to attack Canadian troops on the Western Front. Prime Minister Lloyd George hurriedly cabled orders from London to the Canadian Secret Service to free Trotsky at once–they ignored him. Trotsky was finally freed by the intervention of one of Rockefeller’s most faithful stooges, Canadian Minister Mackenzie King, who had long been a “labor specialist” for the Rockefellers. King personally obtained Trotsky’s release and sent him on his way as the emissary of the Rockefellers, commissioned to win the Bolshevik Revolution. Thus Dr. Armand Hammer, who loudly proclaims his influence in Russia as the friend of Lenin, has an insignificant claim compared to the role of the Rockefellers in backing world Communism. Although Communism, like other isms, had originated with Marx’s association with the House of Rothschild, it enlisted the reverent support of John D. Rockefeller because he saw Communism for what it is, the ultimate monopoly, not only controlling the government, the monetary system and all property, but also a monopoly which, like the corporations it emulates, is self-perpetuating and eternal   It was the logical progression from his Standard Oil monopoly.

An important step on the road to world monopoly was the most far-reaching corporation invented by the Rothschilds. This was the international drug and chemical cartel, I.G. Farben. Called “a state within a state,” it was created in 1925 as Interessen Gemeinschaft Farbenindustrie Aktien gesellschaft, usually known as I.G. Farben, which simply meant “The Cartel”. It had originated in 1904, when the six major chemical companies in Germany began negotiations to form the ultimate cartel, merging Badische Anilin, Bayer, Agfa, Hoechst, Weiler-ter-Meer, and Greisheim-Electron. The guiding spirit, as well as the financing, came from the Rothschilds, who were represented by their German banker, Max Warburgs, of M.M. Warburg Company, Hamburg. He later headed the German Secret Service during World War I and was personal financial adviser to the Kaiser. When the Kaiser was overthrown, after losing the war, Max Warburg was not exiled with him to Holland, instead he became the financial adviser to the new government. Monarchs may come and go, but the real power remains with the bankers. While representing Germany at the Paris Peace Conference, Max Warburg spent pleasant hours renewing family ties with his brother, Paul Warburg, who, after drafting the Federal Reserve Act at Jekyll Island, had headed the U.S. banking system during the war. He was in Paris as Woodrow Wilson’s financial advisor.

I.G. Farben soon had a net worth of six billion marks, controlling some five hundred firms. Its first president was Professor Carl Bosch. During the period of the Weimar Republic, I.G. officials, seeing the handwriting on the wall, began a close association with Adolf Hitler, supplying much needed funds and political influence. The success of the I.G. Farben cartel had aroused the interest of other industrialists. Henry Ford was favorably impressed and set up a German branch of Ford Motor Company. Forty per cent of the stock was purchased by I.G. Farben. I.G. Farben then established an American subsidiary, called American I.G., in cooperation with Standard Oil of New Jersey. Its directors included Walter Teagle, president of Standard Oil, Paul Warburg of Kuhn Loeb & Company and Edsel Ford, representing the Ford interests. John Foster Dulles, for the law firm, Sullivan and Cromwell, became the attorney for I.G., frequently traveling between New York and Berlin on cartel business. His law partner, Arthur Dean, is now director of the $40 million Teagle Foundation which was set up before Teagle’s death. Like other fortunes it had become part of the network. Like John Foster Dulles, Arthur Dean has been a director of American Banknote for many years; this is the firm which supplies the paper for our dollar bills. Dean also has been an active behind the scenes government negotiator, serving as arms negotiator at disarmament conferences. Dean was also a director of Rockefeller’s American Ag & Chem Company. He was a director of American Solvay, American Metal and other firms. As attorney for the wealthy Rothschild family, who owned Climax Molybdenum and American Metal, Dean became director of their family foundation, the Rothschild Foundation. Dean is director emeritus of the Council on Foreign Relations, the Asia Foundation, International House, Carnegie Foundation, and the Sloan Kettering Cancer Center.

In 1930, Standard Oil announced that it had purchased an alcohol monopoly in Germany, a deal which had been set up by I.G. Farben. After Hitler came to power, John D. Rockefeller assigned his personal press agent, Ivy Lee, to Hitler to serve as a full-time adviser on the rearmament of Germany, a necessary step for setting up World War II. Standard Oil then built large refineries in Germany for the Nazis and continued to supply them with oil during World War II. In the 1930s Standard Oil was receiving in payment from Germany large shipments of musical instruments and ships which had been built in German yards.

The dreaded Gestapo, the Nazi police force, was actually built from the worldwide intelligence network which I.G. Farben had maintained since its inception. Herman Schmitz, who had succeeded Carl Bosch as head of I.G., has been personal advisor to chancellor Brüning; when Hitler took over, Schmitz then became his most trusted secret counselor. So well concealed was the association that the press had orders never to photograph them together. Schmitz was named an honorary member of the Reichstag, while his assistant, Carl Krauch, became Göring’s principal advisor in carrying out the Nazis’ Four Year Plan. A business associate, Richard Krebs, later testified before the House Un-American Activities Committee, “The I.G. Farbenindustrie, I know from personal experience, was already, in 1934, completely in the hands of the Gestapo.” This was a misstatement ;  the I.G. Farben had merely allied itself with the Gestapo.

In 1924 Krupp Industries was in serious financial difficulty; the firm was saved by a $10 million cash loan from Hallgarten & Company and Goldman Sachs, two of Wall Street’s best known firms. The planned re-armament of Germany was able to proceed only after Dillon Read floated $100 million of German bonds on Wall Street for that purpose. It was hardly surprising that at the conclusion of the Second World War, General William Draper was appointed Economic Czar of Germany, being named head of the Economic Division of the Allied Military Government. He was a partner of Dillon Read.

In 1939 Frank Howard, a vice-president of Standard Oil visited Germany. He later testified, “We did our best to work out complete plans for a modus vivendi which would operate throughout the term of the war, whether we came in or not.” At this time American I.G. had on its board of directors Charles Mitchell, president of the National City Bank, the Rockefeller bank, Carl Bosch, Paul Warburg, Herman Schmitz and Schmitz’ nephew, Max Ilgner.

Although his name is hardly known, Frank Howard was for many years a key figure in Standard Oil operations as director of its research and its international agreements. He also was chairman of the research committee at Sloan Kettering Institute during the 1930s; his appointee at Sloan Kettering, Dusty Rhoads, headed the experimentation in the development of chemotherapy. During the Second World War Rhoads headed the Chemical Warfare Service in Washington at U.S. Army Headquarters. It was Frank Howard who had persuaded both Alfred Sloan and Charles Kettering of General Motors in 1939 to give their fortunes to the Cancer Center, which then took on their names. A member of the wealthy Atherton family, Frank Howard (1891-1964) had married a second time, his second wife being a leading member of the British aristocracy, the Duchess of Leeds. The first Duke of Leeds was titled in 1694, Sir Thomas Osborne, who was one of the key conspirators in the overthrow of King James II and the seizure of the throne of England by William III in 1688. Osborne had made peace with Holland during the reign of King Charles II, and single-handedly promoted the marriage of Mary, daughter of the Duke of York, to William of Orange in 1677. The Dictionary of National Biography notes that Osborne “for five years managed the House of Commons by corruption and enriched himself.” He was impeached by King Charles II for treasonous negotiations with King Louis XIV and imprisoned in the Tower of London from 1678 to 1684. After his release, he again became active in the conspiracy to bring in William of Orange as King of England and secured the crucial province of York for him. William then created him Duke of Leeds. The placing of William on the throne of England made it possible for the conspirators to implement the crucial step in their plans, setting up the Bank of England in 1694. This enabled the Amsterdam bankers to gain control of the wealth of the British Empire. Osborne’s biography also notes that he was later accused of Jacobite intrigues and was impeached for receiving a large bribe to procure the charter for the East India Company in 1695, but “the proceedings were not concluded”. It was further noted that he “left a large fortune”.

The 11th Duke of Leeds was Minister to Washington from 1931 to 1935, Minister to the Holy See from 1936 to 1947, that is, throughout the Second World War. One branch of the family married into the Delano family, becoming relatives of Franklin Delano Roosevelt. A cousin, Viscount Chandos, was a prominent British official, serving in the War Cabinet under Churchill from 1942 to 1945, later becoming a director of the Rothschild firm, Alliance Assurance, and Imperial Chemical Industries.

Frank Howard was the key official in maintaining relations between Standard Oil and I.G. Farben. He led in the development of synthetic rubber, which was crucial to Germany in the Second World War; he later wrote a book, “Buna Rubber”. He also was the consultant to the drug firm, Rohm and Haas, representing the Rockefeller connection with that firm. In his later years, he resided in Paris, but continued to maintain his office at 30 Rockefeller Center, New York.

Walter Teagle, the president of Standard Oil, owned 500,000 shares of American I.G., these shares later becoming the basis of the Teagle Foundation. Herman Metz, who was also a director of American I.G., was president of H.A. Metz Company, New York, a drug firm wholly owned by I.G Farben of Germany. Francis Garvan, who had served as Alien Property Custodian during the First World War, knew many secrets of I.G. Farben’s operations. He was prosecuted in 1929 to force him to remain silent. The action was brought by the Department of Justice through Attorney General Merton Lewis, the former counsel for Bosch Company. John Krim, former counsel for the German Embassy in the United States, testified that Senator John King had been on the payroll of the Hamburg American Line for three years at a salary of fifteen thousand dollars a year; he appointed Otto Kahn as treasurer of his election fund. Homer Cummings, who had been Attorney General for six years, then became counsel for General Aniline and Film at a salary of $100,000 a year.  During the Second World War, GAF was supposedly owned by a Swiss firm; it came under considerable suspicion as an “enemy” concern and was finally taken over by the United States government. John Foster Dulles had been director of GAF from 1927 to 1934; he was also a director of International Nickel, which was part of the network of I.G Farben firms. Dulles was related to the Rockefeller family through the Avery connection. He was attorney for the organization of a new investment firm, set up by Avery Rockefeller, in 1936 which was called Schröder-Rockefeller Company. It combined operations of the Schröder Bank, Hitler’s personal bank and the Rockefeller interests. Baron Kurt von Schröder was one of Hitler’s closest confidantes, and a leading officer of the SS. He was head of the Keppler Associates, which funneled money to the SS for leading German Corporations. Keppler was the official in charge of Industrial Fats during Göring’s Four Year Plan, which was launched in 1936. American I.G. changed its name to General Aniline and Film during the Second World War, but it was still wholly owned by I.G. Chemie of Switzerland, a subsidiary of I.G. Farben of Germany. It was headed by Gadow, brother-in-law of Herman Schmitz. I.G. Farben’s international agreements directly affected the U.S. war effort, because they set limits on U.S. supplies of magnesium, synthetic rubber and, crucial medical supplies. The director of I.G. Farben’s dyestuffs division, Baron George von Schnitzler, was related to the powerful von Rath family, the J.H. Stein Bankhaus which held Hitler’s account and the von Mallinckrodt family, the founders of the drug firm in the United States. Like other I.G. officials, he had become an enthusiastic supporter of the Hitler regime. I.G. Farben gave four and a half million reichsmarks to the Nazi Party in 1933; by 1945, I.G. had given the Party 40 million reichsmarks, a sum which equaled all contributions by I.G. to all other recipients during that period. One scholar of the Nazi era, Anthony Sutton, has focused heavily on German supporters of Hitler, while ignoring the crucial role played by the Bank of England and its Governor, Sir Montague Norman, in financing the Nazi regime. Sutton’s position on this problem may have been influenced by the fact that he is British. In view of the outspoken statements from Adolf Hitler about Jewish influence in Germany, it would be difficult to explain the role of I.G. Farben in the Nazi era. Peter Hayes’ definitive study of I.G. Farben shows that in 1933 it had ten Jews on its governing boards. We have previously pointed out that I.G., from its inception was a Rothschild concern, formulated by the House of Rothschild and implemented through its agents, Max Warburg in Germany and Standard Oil in the United States.

Prince Bernhard of the Netherlands joined the SS during the early 1930s. He then joined the board of an I.G. subsidiary, Farben Bilder, from which he took the name of his postwar super-secret policy making group, the Bilderbergers. Farben executives played an important role in organizing the Circle of Friends for Heinrich Himmler, although it was initially known as Keppler’s Circle of Friends, Keppler being the chairman of an I.G. subsidiary. His nephew, Fritz J. Kranefuss, was the personal assistant to Heinrich Himmler. Of the forty members of the Circle of Friends, which provided ample funds for Himmler, eight were executives of I.G. Farben or of its subsidiaries.

Despite the incredible devastation of most German cities from World War II air bombings, the I.G. Farben building in Frankfort, one of the largest buildings there, miraculously survived intact. A large Rockefeller mansion in Frankfort also was left untouched by the war, despite the saturation bombing. Frankfort was the birthplace of the Rothschild family. It was hardly coincidental that the postwar government of Germany, Allied Military Government, should set up its offices in the magnificent I.G. Farben building. This government was headed by General Lucius Clay, who later became a partner of Lehman Brothers bankers in New York. The Political Division was headed by Robert Murphy, who would preside at the Nüremberg Trials, where he was successful in glossing over the implication of I.G. Farben officials and Baron Kurt von Schröder. Schröder was held a short time in a detention camp and then set free to return to his banking business. The Economic Division was headed by Lewis Douglas, son of the founder of Memorial Cancer center in New York, president of Mutual Life and director of General Motors. Douglas was slated to become U.S. High Commissioner for Germany, but he agreed to step aside in favor of his brother-in-law, John J. McCloy. By an interesting circumstance, Douglas, McCloy and Chancellor Konrad Adenauer of Germany had all married sisters, the daughters of John Zinsser, a partner of J.P. Morgan Company.

As the world’s pre-eminent cartel, I.G. Farben and the drug companies which it controlled in the United States through the Rockefeller interests were responsible for many inexplicable developments in the production and distribution of drugs. From 1908 to 1936 I.G. held back its discovery of sulfanilamide, which would become a potent weapon in the medical arsenal. In 1920, I.G. had signed working agreements with the important drug firms of Switzerland, Sandoz and Ciba-Geigy. In 1926, I.G. merged with Dynamit-Nobel, the German branch of the dynamite firm, while an English firm took over the English division. I.G. officials then began to negotiate with Standard Oil officials about the prospective manufacture of synthetic coal, which would present a serious threat to Standard Oil’s monopoly. A compromise was reached with the establishment of American I.G., in which both firms would play an active role and share in the profits.

Charles Higham’s book, “Trading with the Enemy,” offers ample documentation of the Rockefeller activities during the Second World War. While Hitler’s bombers were dropping tons of explosives on London, they were paying royalties on every gallon of gasoline they burned to Standard Oil, under existing patent agreements. After World War II, when Queen Elizabeth visited the United States, she stayed in only one private home during her visit, the Kentucky estate of William Irish, of Standard Oil. Nelson Rockefeller moved to Washington after our involvement in World War II, where Roosevelt named him Coordinator of Inter-American Affairs. Apparently his principal task was to coordinate the refueling of German ships in South America from Standard Oil tanks. He also used this office to obtain important South American concessions for his private firm, International Basic Economy Corporation, including a corner on the Colombian coffee market. He promptly upped the price, a move which enabled him to buy seven billion dollars worth of real estate in South America and also gave rise to the stereotype of the “Yanqui imperialismo”. The attack on Vice President Nixon’s automobile when he visited South America was explained by American officials as a direct result of the depredations of the Rockefellers, which caused widespread agitation against Americans in Latin America.

After World War II, twenty-four German executives were prosecuted by the victors, all of them connected with I.G. Farben, including eleven officers of I.G. Eight were acquitted, including Max Ilgner, nephew of Herman Schmitz. Schmitz received the most severe sentence, eighty years. Ilgner actually received three years, but the time was credited against his time in jail waiting for trial, and he was immediately released. The Judge was C.G. Shake and the prosecuting attorney was Al Minskoff.

The survival of I.G. Farben was headlined by the Wall Street Journal on May 3, 1988—GERMANY BEATS WORLD IN CHEMICAL SALES Reporter Thomas F. O’Boyle listed the world’s top five chemical companies in 1987 as 1. BASF $25.8 billion dollars. 2. Bayer $23.6 billion dollars. 3. Hoechst $23.5 billion dollars. 4. ICI $20 billion dollars. 5. DuPont $17 billion dollars in chemical sales only.

The first three companies are the firms resulting from the “dismantling” of I.G. Farben from 1945 to 1952 by the Allied Military Government, in a process suspiciously similar to the “dismantling” of the Standard Oil empire by court edict in 1911. The total sales computed in dollars of the three spin-offs of I.G. Farben, some $72 billion, dwarfs its nearest rivals, ICI and DuPont, who together amount to about half of the Farben empire’s dollar sales in 1987. Hoechst bought Celanese corp. in 1987 for $2.72 billion.

O’Boyle notes that “The Big Three (Farben spin-offs) still behave like a cartel. Each dominates specific areas; head to head competition is limited. Critics suspect collusion. At the least, there’s a coziness that doesn’t exist in the U.S. chemical industry.”

After the war, Americans were told they must support an “altruistic” plan to rebuild devastated Europe, to be called the Marshall Plan, after Chief of Staff George Marshall, who had been labeled on the floor of the Senate by Senator Joseph McCarthy as “a living lie”. The Marshall Plan proved to be merely another Rockefeller Plan to loot the American taxpayer. On December 13, 1948, Col. Robert McCormick, editor of the Chicago Tribune, personally denounced Esso’s looting of the Marshall Plan in a signed editorial. The Marshall Plan had been rushed through Congress by a powerful and vocal group, headed by Winthrop Aldrich, president of the Chase Manhattan Bank and Nelson Rockefeller’s brother-in-law, ably seconded by Nelson Rockefeller and William Clayton, the head of Anderson, Clayton Company. The Marshall Plan proved to be but one of a number of lucrative postwar swindles, which included the Bretton Woods Agreement, United Nations Relief and Rehabilitation and others.

After World War II, the Rockefellers used their war profits to buy a large share of Union Miniere du Haut Katanga, an African copper lode owned by Belgian interests, including the Societe Generale, a Jesuit controlled bank. Soon after their investment, the Rockefellers launched a bold attempt to seize total control of the mines through sponsoring a local revolution, using as their agent the Grangesberg operation. This enterprise had originally been developed by Sir Ernest Cassel, financial advisor to King Edward VII—Cassel’s daughter later married Lord Mountbatten, a member of the British royal family, who was also related to the Rothschilds. Grangesberg was now headed by Bo Hammarskjold, whose brother, Dag Hammarskjold was then Secretary General of the United Nations—Bo Hammarskjold became a casualty of the Rockefeller revolution when his plane was shot down during hostilities in the Congo. Various stories have since circulated about who killed him and why he was killed. The Rockefeller intervention in the Congo was carried out by their able lieutenants, Dean Rusk and George Ball of the State Department and by Fowler Hamilton.

In the United States, the Rockefeller interests continue to play the major political role. Old John D. Rockefeller’s treasurer at Standard Oil, Charles Pratt, bequeathed his New York mansion to the Council on Foreign Relations as its world headquarters. His grandson, George Pratt Shultz, is now Secretary of State. The Rockefellers also wielded a crucial role through their financing of the Trotskyite Communist group in the United States, the League for Industrial Democracy, whose directors include such staunch “anti-Communists” as Jeane Kirkpatrick and Sidney Hook. The Rockefellers were also active on the “right-wing” front through their sponsorship of the John Birch Society. To enable Robert Welch, a 32nd degree Mason, to devote all of his time to the John Birch Society, Nelson Rockefeller purchased his family firm, the Welch Candy Company, from him at a handsome price. Welch chose the principal officers of the John Birch Society from his acquaintances at the Council On Foreign Relations. For years afterwards, American patriots were puzzled by the consistent inability of the John Birch Society to move forward on any of its well-advertised “anti-Communist” goals. The fact that the society had been setup at the behest of the backers of the world Communist revolution may have played some role in this development. Other patriots wondered why most American conservative writers, including the present writer, were steadily blacklisted by the John Birch Society for some thirty years. Despite thousands of requests from would be book buyers, the John Birch Society refused to review or list any of my books. After several decades of futility, the Society was totally discredited by its own record. In a desperate effort to restore its image, William Buckley, the CIA propagandist, launched a “fierce” attack against the John Birch Society in the pages of his magazine, the National Review. This free publicity campaign also did little to revive the moribund organization.

The Rockefeller monopoly influence has had its effect on some of New York’s largest and wealthiest churches. Trinity Church on Wall Street, whose financial resources had been directed by none other than J.P. Morgan, owns some forty commercial properties in Manhattan and has a stock portfolio of $50 million, which, due to informed investment, actually yields a return of $25 million a year! Only $2.6 million of this income is spent for charitable work. The rector, why receives a salary of $100,000 a year, lives on the fashionable Upper East Side. Trinity’s mausoleum sells its spaces at fees starting at $1250 and rising to $20,000. St. Bartholomew, on Fifth Avenue, has an annual budget of $3.2 million a year of which only $100,000 is spent on charity. Its rector resides in a thirteen room apartment on Park Avenue.

In medicine, the Rockefeller influence remains entrenched in its Medical Monopoly. We have mentioned its control of the cancer industry through the Sloan Kettering Cancer Center. We have listed the directors of the major drug firms, each with its director from Chase Manhattan Bank, the Standard Oil Company or other Rockefeller firms. The American College of Surgeons maintains a monopolistic control of hospitals through the powerful Hospital Survey Committee, with members Winthrop Aldrich and David McAlpine Pyle representing the Rockefeller control.

A medical fraternity known as the “rich man’s club,” the New York Academy of Medicine, was offered grants for a new building by the Rockefeller Foundation and the Carnegie Foundation, its subsidiary group. This “seed money” was then used to finance a public campaign which brought in funds to erect a new building. For Director of the new facility, the Rockefellers chose Dr. Lindsly Williams, son-in-law of the managing partner of Kidder, Peabody, a firm strongly affiliated with the J.P. Morgan interests (the J.P. Morgan Company had originally been called the Peabody Company). Williams was married to Grace Kidder Ford. Although Dr. Williams was widely known to be an incompetent physician, his family connections were impeccable. He became a factor in Franklin D. Roosevelt’s election campaign when he publicly certified that Roosevelt, a cripple in a wheelchair who suffered from a number of oppressive ailments, was both physically and mentally fit to be the President of United States. Dr. Williams’ opinion, published in an article in the widely circulated Collier’s Magazine, allayed public doubts about Roosevelt’s condition. As a result, Williams was to be offered a newly created post in Roosevelt’s cabinet, Secretary of Health. However, it was another thirty years before Health became a cabinet post, due to the politicking of Oscar Ewing.

The Rockefellers had greatly extended their business interests in their impoverished Southern states by establishing the Rockefeller Sanitary Commission. It was headed by Dr. Wickliffe Rose, a longtime Rockefeller henchman whose name appears on the original charter of the Rockefeller Foundation. Despite its philanthropic goals, the Rockefeller Sanitary Commission required financial contributions from each of the eleven Southern states in which it operated, resulting in the creation of State Departments of Health in those states and opening up important new spheres of influence for their Drug Trust. In Tennessee, the Rockefeller representative was a Dr. Olin West, who moved on to Chicago to become the power behind the scenes at the American Medical Association for forty years, as secretary and general manager.

The Rockefeller Institute for Medical Research finally dropped the “Medical Research” part of its title; its president, Dr. Detlev Bronk, resided in a $600,000 mansion furnished by this charitable operation. Rockefeller’s general Education Board has spent more than $100 million to gain control of the nation’s medical schools and turn our physicians to physicians of the allopathic school, dedicated to surgery and the heavy use of drugs. The Board, which had developed from the original Peabody Foundation, also spent some $66 million for Negro education.

One of the most far-reaching consequences of the General Education Board’s political philosophy was achieved with a mere six million dollar grant to Columbia University in 1917, to set up the “progressive” Lincoln School. From this school descended the national network of progressive educators and social scientists, whose pernicious influence closely paralleled the goals of the Communist Party, another favorite recipient of the Rockefeller millions. From its outset, the Lincoln School was described frankly as a revolutionary school for the primary and secondary schools of the entire United States. It immediately discarded all theories of education which were based on formal and well-established disciplines, that is, the McGuffey Reader type of education which worked by teaching such subjects as Latin and algebra, thus teaching children to think logically about problems. Rockefeller biographer Jules Abel hails the Lincoln School as “a beacon light in progressive education “.

Rockefeller Institute financial fellowships produced many prominent workers in our atomic programs, such as J. Robert Oppenheimer, who was later removed from government laboratories as a suspected Soviet agent. Although most of his friends and associates were known Soviet agents, this was called “guilt by association.” The Rockefeller Foundation created a number of spin-off groups, which now plague the nation with a host of ills, one of them being the Social Science Research Council, which single-handedly spawned the nationwide “poverty industry,” a business which expends some $130 billion a year of taxpayer funds while grossing some $6 billion income for its practitioners. The money, which would amply feed and house all of the nation’s “poor,” is dissipated through a vast administrative network which awards generous concessions to a host of parasitic “consultants”.

Despite years of research, the present writer has been able to merely scratch the surface of the Rockefeller influences listed here. For instance, the huge Burroughs Wellcome drug firm is wholly owned by the “charitable” Wellcome Trust. This trust is directed by Lord Oliver Franks, a key member of the London Connection which maintains the United States as a British Colony. Franks was Ambassador to the United States from 1948 to 1952. He is now a director of the Rockefeller Foundation, as its principal representative in England. He also is a director of the Schröder Bank, which handled Hitler’s personal bank account, director of the Rhodes Trust in charge of approving Rhodes scholarships, visiting professor at the University of Chicago and chairman of Lloyd’s Bank, one of England’s Big Five.

Other Rockefeller Foundation spin-offs include the influential Washington think-tank, the Brookings Institution, the National Bureau of Economic Research, whose findings play a critical role in manipulating the stock market; the Public Administration Clearing House, which indoctrinates the nation’s municipal employees; the Council of State Governments, which controls the nation’s state legislatures; and the Institute of Pacific Relations, the most notorious Communist front in the United States. The Rockefellers appeared as directors of this group, funneling money to it through their financial advisor, Lewis Lichtenstein Strauss, of Kuhn, Loeb Company.

The Rockefellers have maintained their controlling interest in the Chase Manhattan Bank, owning five per cent of the stock. Through this one asset they control $42.5 billion worth of assets. Chase Manhattan interlocks closely with the Big Four insurance companies, of which three, Metropolitan, Equitable and New York Life had $113 billion in assets in 1969.

With the advent of the Reagan Administration in 1980, the Rockefeller interests sought to obscure their longtime support of world Communism by bringing to Washington a vocally “anti-Communist” administration. Reagan was soon wining and dining Soviet premiers as enthusiastically as had his predecessor Jimmy Carter. The Reagan campaign had been managed by two officials of Bechtel Corporation, its president, George Pratt Schultz, a Standard Oil heir, and his counsel, Casper Weinberger. Shultz was named Secretary of State, Weinberger, Secretary of Defense, Bechtel had been financed by the Schröder-Rockefeller Company, the 1936 alliance between the Schröder Bank and the Rockefeller heirs.

The Rockefeller influence also remains preeminent in the monetary field. Since November, 1910, when Senator Nelson Aldrich chaired the secret conference at Jekyll Island which gave us the Federal Reserve Act, the Rockefellers have kept us within the sphere of the London Connection. During the Carter Administration, David Rockefeller generously sent his personal assistant, Paul Volcker, to Washington to head the Federal Reserve Board. Reagan finally replaced him in 1987 with Alan Greenspan, a partner of J.P. Morgan Company. Their influence on our banking system has remained constant through many financial coups on their part, one of the most profitable being the confiscation of privately owned gold from American citizens by Roosevelt’s edict. Our citizens had to turn over their gold to the privately owned Federal Reserve System. The Constitution permits confiscation for purposes of eminent domain, but prohibits confiscation for private gain. The gold’s new owners then had the gold revalued from $20 an ounce to $35, giving them an enormous profit.

In reviewing the all-pervasive influence of the Rockefellers and their foreign controllers, the Rothschilds, in every aspect of American life, the citizen must ask himself, “What can be done?” Right can prevail only when the citizen actively seeks justice. Justice can prevail only when each citizen realizes that it is his God-given duty to mete out justice. History has documented all of the crimes of the usurpers of our Constitution. We have learned the painful lesson that the Rockefeller monopolists exercise their evil power almost solely through federal and state agents. At this writing, former Congressman Ron Paul is running for the Presidency of the United States on an eminently sensible and practical campaign—abolish the Federal Reserve System—abolish the FBI—abolish the Internal Revenue Service—and abolish the CIA. It has been known for years that 90% of the Federal Bureau of Investigation, ostensibly set up to “fight crime” has been to harass and isolate political dissidents.

The criminal syndicalists are now looting the American nation of one trillion dollars each year, of which about one-third, more than three hundred billion dollars per year, represents the profitable depredations of the Drug Trust and its medical subsidiaries. Before a sustained effort to combat these depredations can be mounted, Americans must make every effort to regain their health. As Ezra Pound demanded in one of his famous radio broadcasts, “Health, dammit!” America became the greatest and most productive nation in the world because we had the healthiest citizens in the world. When the Rockefeller Syndicate began its takeover of our medical profession in 1910, our citizens went into a sharp decline. Today, we suffer from a host of debilitating ailments, both mental and physical, nearly all of which can be traced directly to the operations of the chemical and drug monopoly and which pose the greatest threat to our continued existence as a nation. Unite now to restore our national health—the result will be the restoration of our national pride, the resumption of our role as the inventors and producers of the modern world, and the custodian of the world’s hopes and dreams of liberty and freedom. emullins.htm


http://www.biblebelievers.org.au

December 16, 1912, which pointed out that “Mr. Schiff is head of the great private banking house of Kuhn, Loeb &Company, which represents the Rothschild interests on this side of the Atlantic. He is described as a financial strategist and has been for years the financial minister of the great impersonal power known as Standard Oil.  http://www.radicalpress.com/?p=427

Secrets of the Federal Reserve/Eustice Mullins Chapter 8: World War One Kuhn, Loeb Company and the management of the Great War

Chapter 8: World War One
Kuhn, Loeb Company and the management of the Great War

“Money is the worst of all contraband.” — William Jennings Bryan

U.S. Taxpayers Finance the War

It is now apparent that there might have been no World War without the Federal Reserve System. A strange sequence of events, none of which were accidental, had occurred. Without Theodore Roosevelt’s “Bull Moose” candidacy, the popular President Taft would have been reelected, and Woodrow Wilson would have returned to obscurity. [69c] If Wilson had not been elected, we might have had no Federal Reserve Act, and World War One could have been avoided. The European nations had been led to maintain large standing armies as the policy of the central banks which dictated their governmental decisions. In April, 1887, the Quarterly Journal of Economics had pointed out:

“A detailed revue of the public debts of Europe shows interest and sinking fund payments of $5,343 million annually (five and one-third billion). M. Neymarck’s conclusion is much like Mr. Atkinson’s. The finances of Europe are so involved that the governments may ask whether war, with all its terrible chances, is not preferable to the maintenance of such a precarious and costly peace. If the military preparations of Europe do not end in war, they may well end in the bankruptcy of the States. Or, if such follies lead neither to war nor to ruin, then they assuredly point to industrial and economic revolution.”

From 1887 to 1914, this precarious system of heavily armed but bankrupt European nations endured, while the United States continued to be a debtor nation, borrowing money from abroad, but making few international loans, because we did not have a central bank or “mobilization of credit”. The system of national loans developed by the Rothschilds served to finance European struggles during the nineteenth century, because they were spread out over Rothschild branches in several countries. By 1900, it was obvious that the European countries could not afford a major war. They had large standing armies, universal military service, and modern weapons, but their economies could not support the enormous expenditures.

The Federal Reserve System began operations in 1914, forcing the American people to lend the Allies twenty-five billion dollars which was not repaid, although considerable interest was paid to New York bankers. The American people were driven to make war on the German people, with whom we had no conceivable political or economic quarrel. Moreover, the United States comprised the largest nation in the world composed of Germans; almost half of its citizens were of German descent, and by a narrow margin, German had been voted down as the national language. [69d]

The German Ambassador to Turkey, Baron Wangeheim, asked the American Ambassador to Turkey, Henry Morgenthau, why the United States intended to make war in Germany. “We Americans,” replied Morgenthau, speaking for the group of Harlem real estate operators of which he was the head, “are going to war for a moral principle.” J.P. Morgan received the proceeds of the First Liberty Loan to pay off $400,000,000 which he advanced to Great Britain at the outset of the war. To cover this loan, $68,000,000 in notes had been issued under the provisions of the Aldrich-Vreeland Act for issuing notes against securities, the only time this provision was employed. The notes were retired as soon as the Federal Reserve Banks began operation, and replaced by Federal Reserve Notes.

During 1915 and 1916, Wilson kept faith with the bankers who had purchased the White House for him, by continuing to make loans to the Allies. His Secretary of State, William Jennings Bryan, protested constantly, stating that “Money is the worst of all contraband.” By 1917, the Morgans and Kuhn, Loeb Company had floated a billion and a half dollars in loans to the Allies. The bankers also financed a host of “peace” organizations which worked to get us involved in the World War. The Commission for Relief in Belgium manufactured atrocity stories against the Germans, while a Carnegie organization, The League to Enforce Peace, agitated in Washington for our entry into war. This later became the Carnegie Endowment for International Peace, which during the 1940s was headed by Alger Hiss. One writer claimed that he had never seen any “peace movement” which did not end in war. [69e]

The U.S. Ambassador to Britain, Walter Hines Page, complained that he could not afford the position, and was given twenty-five thousand dollars a year spending money by Cleveland H. Dodge, president of the National City Bank. H.L. Mencken openly accused Page in 1916 of being a British agent, which was unfair. Page was merely a bankers’ agent.

On March 5, 1917, Page sent a confidential letter to Wilson:

“I think that the pressure of this approaching crisis has gone beyond the ability of the Morgan Financial Agency for the British and French Governments . . . The greatest help we could give the Allies would be a credit. Unless we go to war with Germany, our Government, of course, cannot make such a direct grant of credit.”

The Rothschilds were wary of Germany’s ability to continue in the war, despite the financial chaos caused by their agents, the Warburgs, who were financing the Kaiser, and Paul Warburg’s brother, Max [Warburg], who, as head of the German Secret Service, authorized Lenin’s train to pass through the lines and execute the Bolshevik Revolution in Russia. According to Under Secretary of the Navy, Franklin D. Roosevelt, America’s heavy industry had been preparing for war for a year. Both the Army and Navy Departments had been purchasing war supplies in large amounts since early in 1916. Cordell Hull remarks in his “Memoirs”:

“The conflict [World War I] forced the further development of the income-tax principle. Aiming, as it did, at the one great untaxed source of revenue, the income-tax law had been enacted in the nick of time to meet the demands of the war. And the conflict also assisted the putting into effect of the Federal Reserve System, likewise in the nick of time.” [70]

One may ask, in the nick of time for whom? Certainly not for the American people, who had no need for “mobilization of credit” for a European war, or to enact an income tax to finance a war. Hull’s statement affords a rare glimpse into the machinations of our “public servants”.

The Notes of the Journal of Political Economy, October, 1917, state:

“The effect of the war upon the business of the Federal Reserve Banks has required an immense development of the staffs of these banks, with a corresponding increase in expenses. Without, of course, being able to anticipate so early and extensive a demand for their services in this connection, the framers of the Federal Reserve Act had provided that the Federal Reserve Banks should act as fiscal agents of the Government.”

The bankers had been waiting since 1887 for the United States to enact a central bank plan so that they could finance a European war among the nations whom they had already bankrupted with armament and “defense” programs. The most demanding function of the central bank mechanism is war finance.

On October 13, 1917, Woodrow Wilson made a major address, stating:

“It is manifestly imperative that there should be a complete mobilization of the banking reserves of the United States. The burden and the privilege (of the Allied loans) must be shared by every banking institution in the country. I believe that cooperation on the part of the banks is a patriotic duty at this time, and that membership in the Federal Reserve System is a distinct and significant evidence of patriotism.”

E.W. Kemmerer writes that

“As fiscal agents of the Government, the federal reserve banks rendered the nations services of incalculable value after our entrance into the war. They aided greatly in the conservation of our gold resources, in the regulation of our foreign exchanges, and in the centralization of our financial energies. One shudders when he thinks what might have happened if the war had found us with our former decentralized and antiquated banking system.”

Mr. Kemmerer’s ’shudders’ ignore the fact that if we had kept “our antiquated banking system” we would not have been able to finance the World War or to enter as a participant ourselves.

Woodrow Wilson himself did not believe in his crusade to ’save the world for democracy’. He later wrote that “The World War was a matter of economic rivalry.”

On being questioned by Senator McCumber about the circumstances of our entry into the war, Wilson was asked,

“Do you think if Germany had committed no act of war or no act of injustice against our citizens that we would have gotten into this war?”

“I do think so,” Wilson replied.

“You think we would have gotten in anyway?” pursued McCumber.

“I do,” said Wilson.

Kuhn, Loeb and Company

In Wilson’s War Message in 1917, he included an incredible tribute to the Communists in Russia who were busily slaughtering the middle class in that unfortunate country:

“Assurance has been added to our hope for the future peace of the world by the wonderful and heartening things that have been happening in the last few weeks in Russia. Here is a fit partner for a League of Honor.” [71]

Wilson’s paean to a bloodthirsty regime which has since murdered sixty-six million of its inhabitants in the most barbarous manner exposes his true sympathies and his true backers, the bankers who had financed the blood purge in Russia. When the Communist Revolution seemed in doubt, Wilson sent his personal emissary, Elihu Root, to Russia with one hundred million dollars from his Special Emergency War Fund to save the toppling Bolshevik regime.

The documentation of Kuhn, Loeb Company’s involvement in the establishment of Communism in Russia is much too extensive to be quoted here, but we include one brief mention, typical of the literature on this subject. In his book, “Czarism and the Revolution”, Gen. Arsene de Goulevitch writes,

“Mr. Bakmetiev, the late Russian Imperial Ambassador to the United States, tells us that the Bolsheviks, after victory, transferred 600 million roubles in gold between the years 1918-1922 to Kuhn, Loeb Company.”

After our entry into World War I, Woodrow Wilson turned the government of the United States over to a triumvirate of his campaign backers, Paul Warburg, Bernard Baruch and Eugene Meyer. Baruch was appointed head of the War Industries Board, with life and death powers over every factory in the United States. Eugene Meyer was appointed head of the War Finance Corporation, in charge of the loan program which financed the war. Paul Warburg was in control of the nation’s banking system. [71b]

Knowing that the overwhelming sentiment of the American people during 1915 and 1916 had been anti-British and pro-German, our British allies viewed with some trepidation the prominence of Paul Warburg and Kuhn, Loeb Company in the prosecution of the war. They were uneasy about his high position in the Administration because his brother, Max Warburg, was at that time serving as head of the German Secret Service. On December 12, 1918, the United States Naval Secret Service Report on Mr. Warburg was as follows:

“WARBURG, PAUL: New York City. German, naturalized citizen, 1911. was decorated by the Kaiser in 1912, was vice chairman of the Federal Reserve Board. Handled large sums furnished by Germany for Lenin and Trotsky. Has a brother who is leader of the espionage system of Germany.”

Strangely enough, this report, which must have been compiled much earlier, while we were at war with Germany, is not dated until December 12, 1918, AFTER the Armistice had been signed. Also, it does not contain the information that Paul Warburg resigned from the Federal Reserve Board in May, 1918, which indicates that it was compiled before May, 1918, when Paul Warburg would theoretically have been open to a charge of treason because of his brother’s control of Germany’s Secret Service.

Paul Warburg’s brother Felix [Warburg] in New York was a director of the Prussian Life Insurance Company of Berlin, and presumably would not have liked to see too many of his policyholders killed in the war. On September 26, 1920, the New York Times mentioned in its obituary of Jacob Schiff in reference to Kuhn, Loeb and Company,

“During the world War certain of its members were in constant contact with the Government in an advisory capacity. It shared in the conferences which were held regarding the organization and formation of the Federal Reserve System.”

The 1920 Schiff obituary revealed for the first time that Jacob Schiff, like the Warburgs, also had two brothers in Germany during World War I, Philip and Ludwig, of Frankfurt-on-Main, who also were active as bankers to the German Government! This was not a circumstance to be taken lightly, as on neither side of the Atlantic were the said bankers obscure individuals who had no influence in the conduct of the war. On the contrary, the Kuhn, Loeb partners held the highest governmental posts in the United States during World War I, while in Germany, Max and Fritz Warburg, and Philip and Ludwig Schiff, moved in the highest councils of government. From the “Memoirs of Max Warburg”:

“The Kaiser thumbed the table violently and shouted, ‘Must you always be right?’ but then listened carefully to Max’s view on financial matters.” [72]

In June, 1918, Paul Warburg wrote a private note to Woodrow Wilson,

“I have two brothers in Germany who are bankers. They naturally now serve their country to their utmost ability, as I serve mine.” [73]

Neither Wilson nor Warburg viewed the situation as one of concern, and Paul Warburg served out his term on the Federal Reserve Board of Governors, while World War I continued to rage.

The background of Kuhn, Loeb and Company had been exposed in “Truth Magazine” [in 1912], edited by George Conroy:

“Mr. Schiff is head of the great private banking house of Kuhn, Loeb & Co. which represents the Rothschild interest on this side of the Atlantic. He has been described as a financial strategist and has been for years the financial minister to the great impersonal power known as Standard Oil.

He was hand-in-glove with the Harrimans, the Goulds and the Rockefellers, in all their railroad enterprises and has become the dominant power in the railroad and financial world in America.

Louis Brandeis, because of his great ability as a lawyer and for other reasons which will appear later, was selected by Schiff as the instrument through which Schiff hoped to achieve his ambition in New England. His job was to carry on an agitation which would undermine public confidence in the New Haven system and cause a decrease in the price of its securities, thus forcing them on the market for the wreckers to buy.” [74]

We mention Schiff’s lawyer, Brandeis, here because the first available appointment on the Supreme Court of the United States which Woodrow Wilson was allowed to fill was given to the Kuhn, Loeb lawyer, Brandeis.

Not only was the U.S. Food Administration managed by Hoover’s director, Lewis Lichtenstein Strauss, who married into the Kuhn, Loeb Company by marrying Alice Hanauer, daughter of partner Jerome Hanauer, but in the most critical field, military intelligence, Sir William Wiseman, chief of the British Secret Service, was a partner of Kuhn, Loeb & Company. He worked most closely with Wilson’s alter ego, Col. House:

“Between House and Wiseman there were soon to be few political secrets, and from their mutual comprehension resulted in large measure our close cooperation with the British.” [75]

One example of House’s cooperation with Wiseman was a confidential agreement which House negotiated pledging the United States to enter into World War I on the side of the Allies. Ten months before the election which returned Wilson to the White House in 1916 “because he kept us out of war”, Col. House negotiated a secret agreement with England and France on behalf of Wilson which pledged the United States to intervene on behalf of the Allies. On March 9, 1916, Wilson formally sanctioned the undertaking. [76]

Nothing could more forcefully illustrate the duplicity of Woodrow Wilson’s nature than his nationwide campaign on the slogan, “He kept us out of war”, when he had pledged ten months earlier to involve us in the war on the side of England and France. This explains why he was regarded with such contempt by those who learned the facts of his career. H.L. Mencken wrote that Wilson was “the perfect model of the Christian cad”, and that we ought “to dig up his bones and make dice of them.”

According to The New York Times, Paul Warburg’s letter of resignation stated that some objection had been made because he had a brother in the Swiss Secret Service. The New York Times has never corrected this blatant falsehood, perhaps because Kuhn, Loeb Company owned a controlling interest in its stock. Max Warburg was not Swiss, and although he had probably come into contact with the Swiss Secret Service during his term of office as head of the German Secret Service, no responsible editor at The New York Times could have been unaware of the fact that Max Warburg was German, and that his family banking house was in Hamburg, and that he held a number of high positions in the German Government. He represented Germany at the Versailles Peace Conference, and remained peacefully in Germany until 1939, during a period when persons of his [Jewish] religion were being persecuted. To avoid injury during the approaching war, when bombs would rain on Germany, Max Warburg was allowed to sail to New York, his funds intact.

At the outset of World War I, Kuhn, Loeb Company had figured in the transfer of German shipping interests to other control. Sir Cecil Spring-Rice, British Ambassador to the United States, in a letter to Lord Grey wrote:

“Another matter is the question of the transfer of the flag to the Hamburg Amerika ships. The company is practically a German Government affair. The ships are used for Government purposes, the Emperor himself is a large shareholder, and so is the great banking house of Kuhn, Loeb Company. A member of that house (Warburg) has been appointed to a very responsible position in New York, although only just naturalized. He is concerned in business with the Secretary of the Treasury, who is the President’s son-in-law. It is he who is negotiating on behalf of the Hamburg Amerika Shipping Company.” [77]

On November 13, 1914, in a letter to Sir Valentine Chirol, Spring-Rice wrote, (p. 241, v. 2):

“I was told today that The New York Times has been practically acquired by Kuhn, Loeb and Schiff, special protégé of the (German) Emperor. Warburg, nearly related to Kuhn Loeb and Schiff is a brother of the well known Warburg of Hamburg, the associate of Ballin (Hamburg) Amerika line, is a member of the Federal Reserve Board or rather THE member. He practically controls the financial policy of the Administration, and Paish & Blackett (England) had mainly to negotiate with him. Of course, it was exactly like negotiating with Germany. Everything that was said was German property.”

Col. Garrison wrote in “Roosevelt, Wilson and the Federal Reserve Law”, referring to the Hamburg Amerika affair, that:

“Through the banking House of the Kuhn Loeb Company, a powerful weapon would have been placed in the hands of the German Kaiser over the destiny of American business and American citizens.” [78]

Bernard Baruch and the War Industries Board

It seemed strange that Woodrow Wilson felt it necessary to place the nation in the hands of three men whose personal history was one of ruthless speculation and the quest for personal gain, or that during war with Germany, he found as persons of supreme trust a German immigrant naturalized in 1911, the son of an immigrant from Poland, and the son of an immigrant from France.

Bernard Baruch first attracted attention on Wall Street in 1890 while working for A.A. Housman & Co. In 1896 he merged the six principal tobacco companies of the United States into the Consolidated Tobacco Company, forcing James Duke and the American Tobacco Trust to enter into this combination. The second great trust set up by Baruch brought the copper industry into the hands of the Guggenheim family, who have controlled it ever since. Baruch worked with Edward H. Harriman, who was Schiff’s front man in controlling America’s railway system for the Rothschild family. Baruch and Harriman also combined their talents to gain control over the New York City transit system, which has been in perilous financial condition ever since.

In 1901, Baruch formed the firm of Baruch Brothers, bankers, with his brother Herman, in New York. In 1917, when Baruch was appointed Chairman of the War Industries Board, the name was changed to Hentz Brothers.

Testifying before the Nye Committee on September 13, 1937, Bernard Baruch stated that “All wars are economic in their origin.” So much for religious and political disagreements, which had been specially touted as the cause of wars. *

A profile in the New Yorker magazine reported that Baruch made a profit of $750,000 in one day during World War I, after a phony peace rumor was planted in Washington. In “Who’s Who”, Baruch mentions that he was a member of the Commission which handled all purchasing for the Allies during World War I. In fact, Baruch WAS the Commission. He spent the American taxpayer’s money at the rate of ten billion dollars a year, and was also the dominant member of the Munitions Price-Fixing Committee. He set the prices at which the Government bought war materials. It would be naive to presume that the orders did not go to firms in which he and his associates had more than a polite interest.

[Text missing here…] dictator over American manufacturers. [78c] At the Nye Committee hearings in 1935, Baruch testified:

“President Wilson gave me a letter authorizing me to take over any industry or plant. There was Judge Gary, President of United States Steel, whom we were having trouble with, and when I showed him that letter, he said, ‘I guess we will have to fix this up’, and he did fix it up.”

Some members of Congress were curious about Baruch’s qualifications to exercise life and death powers over American industry in time of war. He was not a manufacturer, and had never been in a factory. When he was called before a Congressional Committee, Bernard Baruch stated that his profession was “Speculator”. A Wall Street gambler had been made Czar of American Industry.

Eugene Meyer and the War Finance Corporation

Baruch’s erstwhile partner, Eugene Meyer (Alaska-Juneau Gold Mining Co.), later claimed that Baruch was a nitwit, and that Meyer, with his family banking connections (Lazard Freres), had guided Baruch’s investment career. These claims appeared in the fiftieth anniversary edition of The Washington Post, editorial page, June 4, 1983, with a parting shot from Meyer’s editor, Al Friendly, that “Every journalist in Washington, Meyer included, knew that Bernard M. Baruch was a self-aggrandizing phony.”

The third member of the Triumvirate, Eugene Meyer, was son of the partner in the international banking house of Lazard Freres, of Paris and New York. In “My Own Story”, Baruch explains how Meyer became head of the War Finance Corporation. “At the outset of World War One,” he says, “I sought out Eugene Meyer, Jr. . . . who was a man of the highest integrity with a keen desire to be of public service.” [79]

The nation has suffered greatly from persons who desired to be of ‘public service’, because their desires often went considerably beyond their passion for office. In fact, Meyer and Baruch had operated an Alaska venture, Alaska-Juneau Gold Mining Company in 1915, and had worked together on other financial schemes. Meyer’s family house of Lazard Freres specialized in international gold movements.

Eugene Meyer’s stewardship of the War Finance Corporation comprises one of the most amazing financial operations ever partially recorded in this country. We say “partially recorded”, because subsequent Congressional investigations revealed that each night, the books were being altered before being brought in for the next day’s investigation. Louis McFadden, Chairman of the House Banking and Currency Committee, figured in two investigations of Meyer, in 1925 and again in 1930, when Meyer was proposed as Governor of the Federal Reserve Board. The Select Committee to Investigate the Destruction of Government Bonds, submitted, on March 2, 1925, “Preparation and Destruction of Government Bonds–68th Congress, 2d Session, Report No. 1635:

p.2. “Duplicate bonds amounting to 2314 pairs and duplicate coupons amounting to 4698 pairs ranging in denominations from $50 to $10,000 have been redeemed to July 1, 1924. Some of these duplications have resulted from error and some from fraud.”

These investigations may explain why, at the end of World War One, Eugene Meyer was able to buy control of Allied Chemical and Dye Corporation, and later on, the nation’s most influential newspaper, The Washington Post. The duplication of bonds, “one for the government, one for me” in denominations to the amount of $10,000 each, resulted in a tidy sum.

[From] p. 6 of these hearings:

“These transactions of the Treasury prior to June 20, 1920 (including settlements for purchases and sales), executed by the War Finance Corporation (Eugene Meyer, managing director), were largely directed by the managing director of the War Finance Corporation, and settlements with the Treasury were made principally by him with the Assistant Secretary of the Treasury, and the books show that the basis of the price paid by the Government for over $1,894 millions worth of bonds ($1,894,000,000.00), which the Treasury purchased through the War Finance Corporation was not the market price and was not the cost of the bond plus interest, and the elements entering into the settlement are not disclosed by the correspondence.

The managing director of the War Finance Corporation [Meyer] stated that he and an Assistant Secretary of the Treasury [Jerome J. Hanauer, partner of Kuhn, Loeb Co.] agreed to the price, and it was simply an arbitrary figure set by an Assistant Secretary of the Treasury as to the bonds so purchased by the War Finance Corporation. During the period of these transactions and up until quite a recent date the managing director of the War Finance Corporation, Eugene Meyer, Jr., in his private capacity maintained an office at No. 14 Wall Street, New York City, and through the War Finance Corporation sold about $70 millions in bonds to the Government, and also bought through the War Finance Corporation about $10 millions in bonds, and approved the bills for most, if not all, of these bonds in his official capacity as managing director of the War Finance Corporation.

When these transactions, just referred to, were disclosed to the committee in open hearing, the managing director appeared before the committee and stated the fact that commissions were paid on these transactions, they were in turn paid over to the brokers, selected by the managing director, who executed the orders issued by his brokerage house, and immediately after this disclosure to the committee, the managing director employed Ernst and Ernst, certified public accountants, to audit the books of the War Finance Corporation, who did, upon completion of the examination of these books, report to the committee that all moneys received by the brokerage house of the managing director had been accounted for.

While simultaneously with the examination being made by the committee, the certified public accountants, heretofore referred to, were nightly carrying on their examination, it was discovered by your committee that alterations and changes were being made in the books of record covering these transactions, and when the same was called to the attention of the Treasurer of the War Finance Corporation, he admitted to the committee that changes were being made. To what extent these books have been altered during the process the committee have not been able to determine. After June, 1921, about $10 billions worth of securities were destroyed.”

It was Eugene Meyer’s Washington Post, under the direction of his daughter, Katherine Graham, which was later to drive a President of the United States [Nixon] from the White House on the grounds that he had knowledge of a burglary. What are we to think of the revelations of duplications of hundreds of millions of dollars worth of bonds during Meyer’s directorship of the War Finance Corporation, the alteration of the books during a Congressional investigation, and the fact that Meyer came out of this situation with many millions of dollars with which he proceeded to buy Allied Chemical Corporation, The Washington Post, and other properties? Incidentally, Lazard Freres, Meyer’s family banking house, personally manages the fortunes of many of our political luminaries, including the Kennedy family fortune.

Other Wartime Functionaries

Besides these men, Warburg, Baruch, and Meyer, a host of [other] J.P. Morgan Co. and Kuhn, Loeb Co., partners, employees, and satellites came to Washington after 1917 to administer the fate of the American people.

The Liberty Loans, which sold bonds to our citizens, were nominally in the jurisdiction of the United States Treasury, under the leadership of Wilson’s Secretary of the Treasury, William G. McAdoo, whom Kuhn, Loeb Co. had placed in charge of the Hudson-Manhattan Railway Co. in 1902. Paul Warburg had most of the Kuhn Loeb Co. firm with him in Washington during the War. Jerome Hanauer, partner in Kuhn, Loeb Co., was Assistant Secretary of the Treasury in charge of Liberty Loans. The two Under-secretaries of the Treasury during the War were S. Parker Gilbert and Roscoe C. Leffingwell. Both Gilbert and Leffingwell came to the Treasury from the law firm of Cravath and Henderson, and returned to that firm when they had fulfilled their mission for Kuhn, Loeb Co. in the Treasury. Cravath and Henderson were the lawyers for Kuhn Loeb Co. Gilbert and Leffingwell subsequently received partnerships in J.P. Morgan Co.

Kuhn, Loeb Company, the nation’s largest owners of railroad properties in this country and in Mexico, protected their interests during the First World War by having Woodrow Wilson set up a United States Railroad Administration. The Director-General was William McAdoo, Comptroller of the Currency. Warburg replaced this set up in 1918 with a tighter organization which he called the Federal Transportation Council. The purpose of both of these organizations was to prevent strikes against Kuhn, Loeb Company during the War, in case the railroad workers should try to get in wages some of the millions of dollars in wartime profits which Kuhn, Loeb received from the United States Government.

Among the important bankers present in Washington during the War was Herbert Lehman, of the rapidly rising firm of Lehman Brothers, Bankers, New York, Lehman was promptly put on the General Staff of the Army, and given the rank of Colonel.

The Lehmans had had prior experience in “taking the profits out of war”, a double entendre and one of Baruch’s favorite phrases. In “Men Who Rule America”, Arthur D. Howden Smith writes of the Lehmans during the Civil War,

“They were often agents, fixers for both sides, intermediaries for confidential communications and handlers of the many illicit transactions in cotton and drugs for the Confederacy, purveyors of information for the North. The Lehmans, with Mayer in Montgomery, the first capital of the Confederacy, Henry in New Orleans, and Emanuel in New York were ideally situated to take advantage of every opportunity for profit which appeared. They seem to have missed few chances.” [80]

Other appointments during the First World War were as follows:

J.W. McIntosh, director of the Armour meat-packing trust, who was made chief of Subsistence for the United States Army in 1918. He later became Comptroller of the Currency during Coolidge’s Administration, and ex-officio member of the Federal Reserve Board. During the Harding Administration, he did his bit as Director of Finance for the United States Shipping Board when the Board sold ships to the Dollar Lines for a hundredth of their cost and then let the Dollar Line default on its payments. After leaving public service, J.W. McIntosh became a partner in J.W. Wollman Co., New York Stockbrokers.

W.P.G. Harding, Governor of the Federal Reserve Board, was also managing director of the War Finance Corporation under Eugene Meyer.

George R. James, member of the Federal Reserve Board in 1923-24, had been Chief of the Cotton Section of the War Industries Board.

Henry P. Davison, senior partner in J.P. Morgan Co., was appointed head of the American Red Cross in 1917 in order to get control of the three hundred and seventy million dollars cash which was collected from the American people in donations.

Ronald Ransom, banker from Atlanta, and [later] Governor of the Federal Reserve Board under Roosevelt in 1938-39, had been the Director in Charge of Personnel for Foreign Service for the American Red Cross in 1918.

John Skelton Williams, Comptroller of the Currency, was appointed National Treasurer of the American Red Cross.

Woodrow Wilson, Liberal

President Woodrow Wilson, the great liberal who signed the Federal Reserve Act and declared war against Germany, had an odd career for a man who is now enshrined as a defender of the common people. His chief supporter in both his campaigns for the Presidency was Cleveland H. Dodge, of Kuhn Loeb, who controlled National City Bank of New York. Dodge was also President of the Winchester Arms Company and Remington Arms Company. He was very close to President Wilson throughout the great democrat’s political career. Wilson lifted the embargo on shipment of arms to Mexico on February 12, 1914, so that Dodge could ship a million dollars worth of arms and ammunition to Carranza and promote the Mexican Revolution. Kuhn, Loeb Co. which owned the Mexican National Railways System, had become dissatisfied with the administration of Huerta and had him kicked out.

When the British naval auxiliary Lusitania was sunk in 1915, it was loaded with ammunition from Dodge’s factories. Dodge became Chairman of the “Survivors of Victims of the Lusitania Fund”, which did so much to arouse the public against Germany. Dodge also was notorious for using professional gangsters against strikers in his plants, yet the liberal Wilson does not appear to have ever been disturbed by this.

Another clue to Wilson’s peculiar brand of liberalism is to be found in [Charlie] Chaplin’s book “Wobbly”, which relates how Wilson scrawled the word “REFUSED” across the appeal for clemency sent him by the aging and ailing Eugene Debs, who had been sent to Atlanta Prison for “speaking and writing against war”. The charge on which Debs was convicted was “spoken and written denunciation of war”. This was treason to the Wilson dictatorship, and Debs was imprisoned.

As head of the Socialist Party, Debs ran for the Presidency from Atlanta Prison, the only man ever to do so, and polled more than a million votes. It was ironic that Debs’ leadership of the Socialist Party, which at that time represented the desires of many Americans for an honest government, should fall into the sickly hands of Norman Thomas, a former student and admirer of Woodrow Wilson at Princeton University. Under Thomas’ leadership, the Socialist Party no longer stood for anything, and suffered a steady decline in influence and prestige.

Wilson continued to be deeply involved in the Bolshevik Revolution, as were House and Wiseman. Vol. 3, p. 421 of House’s “Intimate Papers” records a cable from Sir William Wiseman to House from London, May 1, 1918, suggesting allied intervention at the invitation of the Bolsheviks to help organize the Bolshevik forces.

Lt. Col. Norman Thwaites, in his memoirs “Velvet and Vinegar” says,

“Often during the years 1917-20 when delicate decisions had to be made, I consulted with Mr. (Otto) Kahn, whose calm judgment and almost uncanny foresight as to political and economic tendencies proved most helpful. Another remarkable man with whom I have been closely associated is Sir William Wiseman who was advisor on American affairs to the British delegation at the Peace Conference, and liaison officer between the American and British government during the war. He was rather more the Col. House of this country in his relations with Downing Street.” [81]

The Paris Peace Conference

In the summer of 1917, Woodrow Wilson named Col. House to head the American War Mission to the Interallied War Conference, the first American mission to a European council in history. House was criticized for naming his son-in-law, Gordon Auchincloss, as his assistant on this mission. Paul Cravath, the lawyer for Kuhn, Loeb Company, was third in charge of the American War Mission. Sir William Wiseman guided the American War Mission in its conferences. In “The Strangest Friendship in History”, Viereck writes:

“After America entered the War, Wiseman, according to Northcliffe, was the only man who had access at all times to the Colonel [House] and to the White House. Wiseman rented an apartment in the house where the Colonel lived. David Lawrence referred to the Fifty-Third Street house (New York City) jestingly as the American No. 10 Downing St. . . . Col. House had a special code used only with Sir William Wiseman. Col. House was ‘Bush’, the Morgans were ‘Haslam’, and Trotsky was ‘Keble’.” [82]

Thus these two “unofficial” advisors to the British and American governments had a code solely for each other, which no one else could understand. Even stranger was the fact that the international Communist espionage apparatus for many years used Col. House’s book, “Philip Dru, Administrator”, as their official code book. Francois Coty writes:

Gorodin, Lenin’s agent in China, was alleged to have with him a copy of the book published by Col. House, “Philip Dru, Administrator” and a code expert who lived in China told this writer that the purpose of having constant access to this book by Gorodin was to use it for coding and decoding messages. [83]

After the Armistice, Wilson assembled the American Delegation to the Peace Conference, and embarked for Paris. It was, on the whole, a most congenial group, consisting of the bankers who had always guided Wilson’s policies. He was accompanied by Bernard Baruch, Thomas W. Lamont of J.P. Morgan Co., Albert Strauss of J & W Seligman bankers, who had been chosen by Wilson to replace Paul Warburg on the Federal Reserve Board of Governors, J.P. Morgan, and Morgan lawyers Frank Polk and John W. Davis. Accompanying them were Walter Lippmann, Felix Frankfurter, Justice Brandeis, and other interested parties. Mason’s biography of Brandeis states that

“In Paris in June of 1919, Brandeis met with such friends as Paul Warburg, Col. House, Lord Balfour, Louis Marshall, and Baron Edmond de Rothschild.”

Indeed, Baron Edmond de Rothschild served as the genial host to the leading members of the American Delegation, and even turned over his Paris mansion to them, although the lesser members had to rough it at the elegant Hotel Crillon with Col. House and his personal staff of 201 servants.

Baruch later testified before the Graham Committee of the Senate Foreign Relations Committee,

BARUCH: I was economic advisor with the peace mission.

GRAHAM: Did you frequently advise the President while there?

BARUCH: Whenever he asked my advice I gave it. I had something to do with the reparations clauses. I was the American Commissioner in charge of what they called the Economic Section. I was a member of the Supreme Economic Council in charge of raw metals.

GRAHAM: Did you sit in the council with the gentlemen who were negotiating the treaty?

BARUCH: Yes, sir, some of the time.

GRAHAM: All except the meetings that were participated in by the Five? (”The Five” being the leaders of the five allied nations).

BARUCH: And frequently those also.”

Paul Warburg accompanied Wilson on the American Commission to Negotiate Peace as his chief financial advisor. He was pleasantly surprised to find at the head of the German delegation his brother, Max Warburg, who brought along Carl Melchior, also of M.M. Warburg Company, William Georg von Strauss, Franz Urbig, and Mathias Erzberger.

Thomas W. Lamont states in his privately printed memoirs, “Across World Frontiers”:

“The German delegation included two German bankers of the Warburg firm whom I happened to know slightly and with whom I was glad to talk informally, for they seemed to be striving earnestly to offer some reparations composition that might be acceptable to the Allies.” [84]

Lamont was also pleased to see Sir William Wiseman, chief advisor to the British delegation.

Wilson’s Folly

The bankers at the conference convinced Wilson that they needed an international government to facilitate their international monetary operations. Vol. IV, p. 52, of the “Intimate Papers of Col. House” quotes a message from Sir William Wiseman to Lord Reading, August 16, 1918, “The President has two main principles in view; there must be a League of Nations and it must be virile.”

Wilson, who seems to have lived in a world of fantasy, was shocked when American citizens booed him during his campaign to have them sign over their hard won independence to what appeared to many to be an international dictatorship. He promptly went into a depression, and retired to his bedroom. His wife immediately shut the White House doors against Col. House, and from September 25, 1919 to April 13, 1920, she ruled the United States with the aid of an intimate friend, her “military aide”, Col. Rixey Smith. As everyone was shut out of their deliberations, no one ever knew which of the pair functioned as the President, and which was the Vice President.

The admirers of Wilson were led for decades by Bernard Baruch, who stated that Woodrow Wilson was the greatest man he ever knew. Wilson’s appointments to the Federal Reserve Board, and that body’s responsibility for financing the First World War, as well as Wilson’s handing over the United States to the immigrant triumvirate during the War, made him appear to be the most important single effector of ruin in American history.

It is no wonder that after his abortive trip to Europe, where he was hissed and jeered in the streets by the French people, and snickered at in the halls of Versailles by Orlando and Clemenceau, Woodrow Wilson returned home to take to his bed. The sight of the destruction and death in Europe, for which he was directly responsible, was perhaps more of a shock than he could bear. The Italian Minister Pentaleoni expressed the feelings of the European peoples when he wrote that: “Woodrow Wilson is a type of Pecksniff who was now disappeared amid universal execration.”

It is America’s misfortune that our subsidized press and educational system have been devoted to enshrining a man who colluded in causing so much death and sorrow throughout the world.

The financial cartel suffered only minor setbacks in those crucial years. On February 12, 1917, The New York Times reported that:

The five members of the Federal Reserve Board were impeached on the floor of the House by Rep. Charles A. Lindbergh, Republican member of the House Banking and Currency Committee. According to Mr. Lindbergh, “the conspiracy began in 1906 when the late J.P. Morgan, Paul M. Warburg, a present member of the Federal Reserve Board, the National City Bank and other banking firms ‘conspired’ to obtain currency legislation in the interest of big business and the appointment of a special board to administer such a law, in order to create industrial slaves of the masses, the aforesaid conspirators did conspire and are now conspiring to have the Federal Reserve Board administered so as to enable the conspirators to coordinate all kinds of big business and to keep themselves in control of big business in order to amalgamate all the trusts into one great trust in restraint and control of trade and commerce.” The impeachment resolution was not acted on by the House.

The New York Times reported on August 10, 1918, “Mr. Warburg’s term having expired, he voluntarily retired from the Federal Reserve Board.” Thus the previous intimation that Mr. Warburg left the Federal Reserve Board because he had a brother in the Secret Service of a foreign country, namely, Germany, with whom we were at war, was not the cause of his retirement. In any case, he did not leave the Federal Reserve Administration, as he immediately took over J.P. Morgan’s seat on the Federal Advisory Council, from which post he continued to administer the Federal Reserve System for the next ten years.
——-

Notes for Chapter 8

69c. “House revealed to me in a confidential moment, ‘Wilson was elected by Teddy Roosevelt.’” The Strangest Friendship in History, Woodrow Wilson and Col. House, George Sylvester Viereck, Liveright, N.Y. 1932

69d. 1787 Constitutional Convention

69e. Emmett Tyrell, Jr., Richmond Times Dispatch, Feb. 15, 1983 “Every peace movement of this century has been followed by war.”

70. Cordell Hull, Memoirs, Macmillan, New York, 1948, v. 1, page 76

71. Public Papers of Woodrow Wilson, Dodd & Baker, v.5, p. 12-13

71b. New York Times, August 10, 1918; “Mr. (Paul) Warburg was the author of the plan organizing the War Finance Corporation.”

72. Max Warburg, Memoirs of Max Warburg, Berlin, 1936

73. David Farrar, The Warburgs, Michael Joseph, Ltd., London, 1974

74. “Truth Magazine”, George Conroy, editor, Boston, issue of December 16, 1912

75. Edward M. House, The Intimate Papers of Col. House, edited by Charles Seymour, Vol. II, p. 399. Houghton, Mifflin Co.

76. George Sylvester Viereck, The Strangest Friendship in History, Woodrow Wilson and Col. House, p. 106

77. Letters and Friendships of Sir Cecil Spring-Rice, p. 219-220

78. Col. Elisha Garrison, Roosevelt, Wilson and the Federal Reserve Law, Christopher Publishing House, Boston, 1931, p. 260

78b. Baruch also stated in this testimony, “I carried through the war three major investments, Alaska Juneau Gold Mining Company (with partner Eugene Meyer), Texas Gulf Sulphur, and Atolia Mining Company (tungsten).” Rep. Mason, Illinois, told the House on February 21, 1921 that Baruch made more than $50 million in copper during the war.

78c. Baruch chose as Assistant Chairman of the War Industries Board a fellow Wall Street speculator, Clarence Dillon (Lapowitz). See biographies.

79. Bernard Baruch, My Own Story, Henry-Holt Company, New York, 1957, p. 194

80. Arthur D. Howden Smith, Men Who Rule America, Bobbs Merrill, N.Y. 1935, p. 112

81. Lt. Col. Norman Thwaites, Velvet and Vinegar, Grayson Co., London, 1932

82. George Sylvester Viereck, The Strangest Friendship in History, Woodrow Wilson and Col. House, Liveright, N.Y. 1932, p. 172

83. Francois Coty, Tearing Away the Veil, Paris, 1940

84. Thomas W. Lamont, Across World Frontiers, (Privately printed) 1950, p. 138

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World War One
Kuhn, Loeb Company and the management of the Great War

U.S. Taxpayers Finance the War

“Money is the worst of all contraband.” — William Jennings Bryan

It is now apparent that there might have been no World War without the Federal Reserve System. A strange sequence of events, none of which were accidental, had occurred. Without Theodore Roosevelt’s “Bull Moose” candidacy, the popular President Taft would have been reelected, and Woodrow Wilson would have returned to obscurity. [69c] If Wilson had not been elected, we might have had no Federal Reserve Act, and World War One could have been avoided. The European nations had been led to maintain large standing armies as the policy of the central banks which dictated their governmental decisions. In April, 1887, the Quarterly Journal of Economics had pointed out:

“A detailed revue of the public debts of Europe shows interest and sinking fund payments of $5,343 million annually (five and one-third billion). M. Neymarck’s conclusion is much like Mr. Atkinson’s. The finances of Europe are so involved that the governments may ask whether war, with all its terrible chances, is not preferable to the maintenance of such a precarious and costly peace. If the military preparations of Europe do not end in war, they may well end in the bankruptcy of the States. Or, if such follies lead neither to war nor to ruin, then they assuredly point to industrial and economic revolution.”

From 1887 to 1914, this precarious system of heavily armed but bankrupt European nations endured, while the United States continued to be a debtor nation, borrowing money from abroad, but making few international loans, because we did not have a central bank or “mobilization of credit”. The system of national loans developed by the Rothschilds served to finance European struggles during the nineteenth century, because they were spread out over Rothschild branches in several countries. By 1900, it was obvious that the European countries could not afford a major war. They had large standing armies, universal military service, and modern weapons, but their economies could not support the enormous expenditures.

The Federal Reserve System began operations in 1914, forcing the American people to lend the Allies twenty-five billion dollars which was not repaid, although considerable interest was paid to New York bankers. The American people were driven to make war on the German people, with whom we had no conceivable political or economic quarrel. Moreover, the United States comprised the largest nation in the world composed of Germans; almost half of its citizens were of German descent, and by a narrow margin, German had been voted down as the national language. [69d]

The German Ambassador to Turkey, Baron Wangeheim, asked the American Ambassador to Turkey, Henry Morgenthau, why the United States intended to make war in Germany. “We Americans,” replied Morgenthau, speaking for the group of Harlem real estate operators of which he was the head, “are going to war for a moral principle.” J.P. Morgan received the proceeds of the First Liberty Loan to pay off $400,000,000 which he advanced to Great Britain at the outset of the war. To cover this loan, $68,000,000 in notes had been issued under the provisions of the Aldrich-Vreeland Act for issuing notes against securities, the only time this provision was employed. The notes were retired as soon as the Federal Reserve Banks began operation, and replaced by Federal Reserve Notes.

During 1915 and 1916, Wilson kept faith with the bankers who had purchased the White House for him, by continuing to make loans to the Allies. His Secretary of State, William Jennings Bryan, protested constantly, stating that “Money is the worst of all contraband.” By 1917, the Morgans and Kuhn, Loeb Company had floated a billion and a half dollars in loans to the Allies. The bankers also financed a host of “peace” organizations which worked to get us involved in the World War. The Commission for Relief in Belgium manufactured atrocity stories against the Germans, while a Carnegie organization, The League to Enforce Peace, agitated in Washington for our entry into war. This later became the Carnegie Endowment for International Peace, which during the 1940s was headed by Alger Hiss. One writer claimed that he had never seen any “peace movement” which did not end in war. [69e]

The U.S. Ambassador to Britain, Walter Hines Page, complained that he could not afford the position, and was given twenty-five thousand dollars a year spending money by Cleveland H. Dodge, president of the National City Bank. H.L. Mencken openly accused Page in 1916 of being a British agent, which was unfair. Page was merely a bankers’ agent.

On March 5, 1917, Page sent a confidential letter to Wilson:

“I think that the pressure of this approaching crisis has gone beyond the ability of the Morgan Financial Agency for the British and French Governments . . . The greatest help we could give the Allies would be a credit. Unless we go to war with Germany, our Government, of course, cannot make such a direct grant of credit.”

The Rothschilds were wary of Germany’s ability to continue in the war, despite the financial chaos caused by their agents, the Warburgs, who were financing the Kaiser, and Paul Warburg’s brother, Max [Warburg], who, as head of the German Secret Service, authorized Lenin‘s train to pass through the lines and execute the Bolshevik Revolution in Russia. According to Under Secretary of the Navy, Franklin D. Roosevelt, America’s heavy industry had been preparing for war for a year. Both the Army and Navy Departments had been purchasing war supplies in large amounts since early in 1916. Cordell Hull remarks in his “Memoirs”:

“The conflict [World War I] forced the further development of the income-tax principle. Aiming, as it did, at the one great untaxed source of revenue, the income-tax law had been enacted in the nick of time to meet the demands of the war. And the conflict also assisted the putting into effect of the Federal Reserve System, likewise in the nick of time.” [70]

One may ask, in the nick of time for whom? Certainly not for the American people, who had no need for “mobilization of credit” for a European war, or to enact an income tax to finance a war. Hull’s statement affords a rare glimpse into the machinations of our “public servants”.

The Notes of the Journal of Political Economy, October, 1917, state:

“The effect of the war upon the business of the Federal Reserve Banks has required an immense development of the staffs of these banks, with a corresponding increase in expenses. Without, of course, being able to anticipate so early and extensive a demand for their services in this connection, the framers of the Federal Reserve Act had provided that the Federal Reserve Banks should act as fiscal agents of the Government.”

The bankers had been waiting since 1887 for the United States to enact a central bank plan so that they could finance a European war among the nations whom they had already bankrupted with armament and “defense” programs. The most demanding function of the central bank mechanism is war finance.

On October 13, 1917, Woodrow Wilson made a major address, stating:

“It is manifestly imperative that there should be a complete mobilization of the banking reserves of the United States. The burden and the privilege (of the Allied loans) must be shared by every banking institution in the country. I believe that cooperation on the part of the banks is a patriotic duty at this time, and that membership in the Federal Reserve System is a distinct and significant evidence of patriotism.”

E.W. Kemmerer writes that

“As fiscal agents of the Government, the federal reserve banks rendered the nations services of incalculable value after our entrance into the war. They aided greatly in the conservation of our gold resources, in the regulation of our foreign exchanges, and in the centralization of our financial energies. One shudders when he thinks what might have happened if the war had found us with our former decentralized and antiquated banking system.”

Mr. Kemmerer’s ‘shudders’ ignore the fact that if we had kept “our antiquated banking system” we would not have been able to finance the World War or to enter as a participant ourselves.

Woodrow Wilson himself did not believe in his crusade to ‘save the world for democracy’. He later wrote that “The World War was a matter of economic rivalry.”

On being questioned by Senator McCumber about the circumstances of our entry into the war, Wilson was asked,

“Do you think if Germany had committed no act of war or no act of injustice against our citizens that we would have gotten into this war?””I do think so,” Wilson replied.

“You think we would have gotten in anyway?” pursued McCumber.

“I do,” said Wilson.

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Kuhn, Loeb and CompanyIn Wilson’s War Message in 1917, he included an incredible tribute to the Communists in Russia who were busily slaughtering the middle class in that unfortunate country:

“Assurance has been added to our hope for the future peace of the world by the wonderful and heartening things that have been happening in the last few weeks in Russia. Here is a fit partner for a League of Honor.” [71]

Wilson‘s paean to a bloodthirsty regime which has since murdered sixty-six million of its inhabitants in the most barbarous manner exposes his true sympathies and his true backers, the bankers who had financed the blood purge in Russia. When the Communist Revolution seemed in doubt, Wilson sent his personal emissary, Elihu Root, to Russia with one hundred million dollars from his Special Emergency War Fund to save the toppling Bolshevik regime.

The documentation of Kuhn, Loeb Company‘s involvement in the establishment of Communism in Russia is much too extensive to be quoted here, but we include one brief mention, typical of the literature on this subject. In his book, “Czarism and the Revolution”, Gen. Arsene de Goulevitch writes,

“Mr. Bakmetiev, the late Russian Imperial Ambassador to the United States, tells us that the Bolsheviks, after victory, transferred 600 million roubles in gold between the years 1918-1922 to Kuhn, Loeb Company.”

After our entry into World War I, Woodrow Wilson turned the government of the United States over to a triumvirate of his campaign backers, Paul Warburg, Bernard Baruch and Eugene Meyer. Baruch was appointed head of the War Industries Board, with life and death powers over every factory in the United States. Eugene Meyer was appointed head of the War Finance Corporation, in charge of the loan program which financed the war. Paul Warburg was in control of the nation’s banking system. [71b]

Knowing that the overwhelming sentiment of the American people during 1915 and 1916 had been anti-British and pro-German, our British allies viewed with some trepidation the prominence of Paul Warburg and Kuhn, Loeb Company in the prosecution of the war. They were uneasy about his high position in the Administration because his brother, Max Warburg, was at that time serving as head of the German Secret Service. On December 12, 1918, the United States Naval Secret Service Report on Mr. Warburg was as follows:

“WARBURG, PAUL: New York City. German, naturalized citizen, 1911. was decorated by the Kaiser in 1912, was vice chairman of the Federal Reserve Board. Handled large sums furnished by Germany for Lenin and Trotsky. Has a brother who is leader of the espionage system of Germany.”

Strangely enough, this report, which must have been compiled much earlier, while we were at war with Germany, is not dated until December 12, 1918, AFTER the Armistice had been signed. Also, it does not contain the information that Paul Warburg resigned from the Federal Reserve Board in May, 1918, which indicates that it was compiled before May, 1918, when Paul Warburg would theoretically have been open to a charge of treason because of his brother’s control of Germany’s Secret Service.

Paul Warburg‘s brother Felix [Warburg] in New York was a director of the Prussian Life Insurance Company of Berlin, and presumably would not have liked to see too many of his policyholders killed in the war. On September 26, 1920, the New York Times mentioned in its obituary of Jacob Schiff in reference to Kuhn, Loeb and Company,

“During the world War certain of its members were in constant contact with the Government in an advisory capacity. It shared in the conferences which were held regarding the organization and formation of the Federal Reserve System.”

The 1920 Schiff obituary revealed for the first time that Jacob Schiff, like the Warburgs, also had two brothers in Germany during World War I, Philip and Ludwig, of Frankfurt-on-Main, who also were active as bankers to the German Government! This was not a circumstance to be taken lightly, as on neither side of the Atlantic were the said bankers obscure individuals who had no influence in the conduct of the war. On the contrary, the Kuhn, Loeb partners held the highest governmental posts in the United States during World War I, while in Germany, Max and Fritz Warburg, and Philip and Ludwig Schiff, moved in the highest councils of government. From the “Memoirs of Max Warburg”:

“The Kaiser thumbed the table violently and shouted, ‘Must you always be right?’ but then listened carefully to Max’s view on financial matters.” [72]

In June, 1918, Paul Warburg wrote a private note to Woodrow Wilson,

“I have two brothers in Germany who are bankers. They naturally now serve their country to their utmost ability, as I serve mine.” [73]

Neither Wilson nor Warburg viewed the situation as one of concern, and Paul Warburg served out his term on the Federal Reserve Board of Governors, while World War I continued to rage.

The background of Kuhn, Loeb and Company had been exposed in “Truth Magazine” [in 1912], edited by George Conroy:

“Mr. Schiff is head of the great private banking house of Kuhn, Loeb & Co. which represents the Rothschild interest on this side of the Atlantic. He has been described as a financial strategist and has been for years the financial minister to the great impersonal power known as Standard Oil.He was hand-in-glove with the Harrimans, the Goulds and the Rockefellers, in all their railroad enterprises and has become the dominant power in the railroad and financial world in America.

Louis Brandeis, because of his great ability as a lawyer and for other reasons which will appear later, was selected by Schiff as the instrument through which Schiff hoped to achieve his ambition in New England. His job was to carry on an agitation which would undermine public confidence in the New Haven system and cause a decrease in the price of its securities, thus forcing them on the market for the wreckers to buy.” [74]

We mention Schiff’s lawyer, Brandeis, here because the first available appointment on the Supreme Court of the United States which Woodrow Wilson was allowed to fill was given to the Kuhn, Loeb lawyer, Brandeis.

Not only was the U.S. Food Administration managed by Hoover’s director, Lewis Lichtenstein Strauss, who married into the Kuhn, Loeb Company by marrying Alice Hanauer, daughter of partner Jerome Hanauer, but in the most critical field, military intelligence, Sir William Wiseman, chief of the British Secret Service, was a partner of Kuhn, Loeb & Company. He worked most closely with Wilson’s alter ego, Col. House:

“Between House and Wiseman there were soon to be few political secrets, and from their mutual comprehension resulted in large measure our close cooperation with the British.” [75]

One example of House‘s cooperation with Wiseman was a confidential agreement which House negotiated pledging the United States to enter into World War I on the side of the Allies. Ten months before the election which returned Wilson to the White House in 1916 “because he kept us out of war”, Col. House negotiated a secret agreement with England and France on behalf of Wilson which pledged the United States to intervene on behalf of the Allies. On March 9, 1916, Wilson formally sanctioned the undertaking. [76]

Nothing could more forcefully illustrate the duplicity of Woodrow Wilson‘s nature than his nationwide campaign on the slogan, “He kept us out of war”, when he had pledged ten months earlier to involve us in the war on the side of England and France. This explains why he was regarded with such contempt by those who learned the facts of his career. H.L. Mencken wrote that Wilson was “the perfect model of the Christian cad”, and that we ought “to dig up his bones and make dice of them.”

According to The New York Times, Paul Warburg‘s letter of resignation stated that some objection had been made because he had a brother in the Swiss Secret Service. The New York Times has never corrected this blatant falsehood, perhaps because Kuhn, Loeb Company owned a controlling interest in its stock. Max Warburg was not Swiss, and although he had probably come into contact with the Swiss Secret Service during his term of office as head of the German Secret Service, no responsible editor at The New York Times could have been unaware of the fact that Max Warburg was German, and that his family banking house was in Hamburg, and that he held a number of high positions in the German Government. He represented Germany at the Versailles Peace Conference, and remained peacefully in Germany until 1939, during a period when persons of his [Jewish] religion were being persecuted. To avoid injury during the approaching war, when bombs would rain on Germany, Max Warburg was allowed to sail to New York, his funds intact.

At the outset of World War I, Kuhn, Loeb Company had figured in the transfer of German shipping interests to other control. Sir Cecil Spring-Rice, British Ambassador to the United States, in a letter to Lord Grey wrote:

“Another matter is the question of the transfer of the flag to the Hamburg Amerika ships. The company is practically a German Government affair. The ships are used for Government purposes, the Emperor himself is a large shareholder, and so is the great banking house of Kuhn, Loeb Company. A member of that house (Warburg) has been appointed to a very responsible position in New York, although only just naturalized. He is concerned in business with the Secretary of the Treasury, who is the President’s son-in-law. It is he who is negotiating on behalf of the Hamburg Amerika Shipping Company.” [77]

On November 13, 1914, in a letter to Sir Valentine Chirol, Spring-Rice wrote, (p. 241, v. 2):

“I was told today that The New York Times has been practically acquired by Kuhn, Loeb and Schiff, special protégé of the (German) Emperor. Warburg, nearly related to Kuhn Loeb and Schiff is a brother of the well known Warburg of Hamburg, the associate of Ballin (Hamburg) Amerika line, is a member of the Federal Reserve Board or rather THE member. He practically controls the financial policy of the Administration, and Paish & Blackett (England) had mainly to negotiate with him. Of course, it was exactly like negotiating with Germany. Everything that was said was German property.”

Col. Garrison wrote in “Roosevelt, Wilson and the Federal Reserve Law”, referring to the Hamburg Amerika affair, that:

“Through the banking House of the Kuhn Loeb Company, a powerful weapon would have been placed in the hands of the German Kaiser over the destiny of American business and American citizens.” [78]

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Bernard Baruch and the War Industries BoardIt seemed strange that Woodrow Wilsonfelt it necessary to place the nation in the hands of three men whose personal history was one of ruthless speculation and the quest for personal gain, or that during war with Germany, he found as persons of supreme trust a German immigrant naturalized in 1911, the son of an immigrant from Poland, and the son of an immigrant from France.Bernard Baruch first attracted attention on Wall Street in 1890 while working for A.A. Housman & Co. In 1896 he merged the six principal tobacco companies of the United States into the Consolidated Tobacco Company, forcing James Duke and the American Tobacco Trust to enter into this combination. The second great trust set up by Baruch brought the copper industry into the hands of the Guggenheim family, who have controlled it ever since. Baruch worked with Edward H. Harriman, who was Schiff’s front man in controlling America’s railway system for the Rothschild family. Baruch and Harriman also combined their talents to gain control over the New York City transit system, which has been in perilous financial condition ever since.

In 1901, Baruch formed the firm of Baruch Brothers, bankers, with his brother Herman, in New York. In 1917, when Baruch was appointed Chairman of the War Industries Board, the name was changed to Hentz Brothers.

Testifying before the Nye Committee on September 13, 1937, Bernard Baruch stated that “All wars are economic in their origin.” So much for religious and political disagreements, which had been specially touted as the cause of wars. [78b]

A profile in the New Yorker magazine reported that Baruch made a profit of $750,000 in one day during World War I, after a phony peace rumor was planted in Washington. In “Who’s Who”, Baruch mentions that he was a member of the Commission which handled all purchasing for the Allies during World War I. In fact, Baruch WAS the Commission. He spent the American taxpayer’s money at the rate of ten billion dollars a year, and was also the dominant member of the Munitions Price-Fixing Committee. He set the prices at which the Government bought war materials. It would be naive to presume that the orders did not go to firms in which he and his associates had more than a polite interest.

[Text missing here...] dictator over American manufacturers. [78c] At the Nye Committee hearings in 1935, Baruch testified:

“President Wilson gave me a letter authorizing me to take over any industry or plant. There was Judge Gary, President of United States Steel, whom we were having trouble with, and when I showed him that letter, he said, ‘I guess we will have to fix this up’, and he did fix it up.”

Some members of Congress were curious about Baruch‘s qualifications to exercise life and death powers over American industry in time of war. He was not a manufacturer, and had never been in a factory. When he was called before a Congressional Committee, Bernard Baruch stated that his profession was “Speculator”. A Wall Street gambler had been made Czar of American Industry.

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Eugene Meyer and the War Finance CorporationBaruch‘s erstwhile partner, Eugene Meyer (Alaska-Juneau Gold Mining Co.), later claimed that Baruch was a nitwit, and that Meyer, with his family banking connections (Lazard Freres), had guided Baruch’s investment career. These claims appeared in the fiftieth anniversary edition of The Washington Post, editorial page, June 4, 1983, with a parting shot from Meyer’s editor, Al Friendly, that “Every journalist in Washington, Meyer included, knew that Bernard M. Baruch was a self-aggrandizing phony.”The third member of the Triumvirate, Eugene Meyer, was son of the partner in the international banking house of Lazard Freres, of Paris and New York. In “My Own Story”, Baruch explains how Meyer became head of the War Finance Corporation. “At the outset of World War One,” he says, “I sought out Eugene Meyer, Jr. . . . who was a man of the highest integrity with a keen desire to be of public service.” [79]

The nation has suffered greatly from persons who desired to be of ‘public service’, because their desires often went considerably beyond their passion for office. In fact, Meyer and Baruch had operated an Alaska venture, Alaska-Juneau Gold Mining Company in 1915, and had worked together on other financial schemes. Meyer’s family house of Lazard Freres specialized in international gold movements.

Eugene Meyer‘s stewardship of the War Finance Corporation comprises one of the most amazing financial operations ever partially recorded in this country. We say “partially recorded”, because subsequent Congressional investigations revealed that each night, the books were being altered before being brought in for the next day’s investigation. Louis McFadden, Chairman of the House Banking and Currency Committee, figured in two investigations of Meyer, in 1925 and again in 1930, when Meyer was proposed as Governor of the Federal Reserve Board. The Select Committee to Investigate the Destruction of Government Bonds, submitted, on March 2, 1925, “Preparation and Destruction of Government Bonds–68th Congress, 2d Session, Report No. 1635:

p.2. “Duplicate bonds amounting to 2314 pairs and duplicate coupons amounting to 4698 pairs ranging in denominations from $50 to $10,000 have been redeemed to July 1, 1924. Some of these duplications have resulted from error and some from fraud.”

These investigations may explain why, at the end of World War One, Eugene Meyer was able to buy control of Allied Chemical and Dye Corporation, and later on, the nation’s most influential newspaper, The Washington Post. The duplication of bonds, “one for the government, one for me” in denominations to the amount of $10,000 each, resulted in a tidy sum.

[From] p. 6 of these hearings:

“These transactions of the Treasury prior to June 20, 1920 (including settlements for purchases and sales), executed by the War Finance Corporation (Eugene Meyer, managing director), were largely directed by the managing director of the War Finance Corporation, and settlements with the Treasury were made principally by him with the Assistant Secretary of the Treasury, and the books show that the basis of the price paid by the Government for over $1,894 millions worth of bonds ($1,894,000,000.00), which the Treasury purchased through the War Finance Corporation was not the market price and was not the cost of the bond plus interest, and the elements entering into the settlement are not disclosed by the correspondence.The managing director of the War Finance Corporation [Meyer] stated that he and an Assistant Secretary of the Treasury [Jerome J. Hanauer, partner of Kuhn, Loeb Co.] agreed to the price, and it was simply an arbitrary figure set by an Assistant Secretary of the Treasury as to the bonds so purchased by the War Finance Corporation. During the period of these transactions and up until quite a recent date the managing director of the War Finance Corporation, Eugene Meyer, Jr., in his private capacity maintained an office at No. 14 Wall Street, New York City, and through the War Finance Corporation sold about $70 millions in bonds to the Government, and also bought through the War Finance Corporation about $10 millions in bonds, and approved the bills for most, if not all, of these bonds in his official capacity as managing director of the War Finance Corporation.

When these transactions, just referred to, were disclosed to the committee in open hearing, the managing director appeared before the committee and stated the fact that commissions were paid on these transactions, they were in turn paid over to the brokers, selected by the managing director, who executed the orders issued by his brokerage house, and immediately after this disclosure to the committee, the managing director employed Ernst and Ernst, certified public accountants, to audit the books of the War Finance Corporation, who did, upon completion of the examination of these books, report to the committee that all moneys received by the brokerage house of the managing director had been accounted for.

While simultaneously with the examination being made by the committee, the certified public accountants, heretofore referred to, were nightly carrying on their examination, it was discovered by your committee that alterations and changes were being made in the books of record covering these transactions, and when the same was called to the attention of the Treasurer of the War Finance Corporation, he admitted to the committee that changes were being made. To what extent these books have been altered during the process the committee have not been able to determine. After June, 1921, about $10 billions worth of securities were destroyed.”

It was Eugene Meyer‘s Washington Post, under the direction of his daughter, Katherine Graham, which was later to drive a President of the United States [Nixon] from the White House on the grounds that he had knowledge of a burglary. What are we to think of the revelations of duplications of hundreds of millions of dollars worth of bonds during Meyer’s directorship of the War Finance Corporation, the alteration of the books during a Congressional investigation, and the fact that Meyer came out of this situation with many millions of dollars with which he proceeded to buy Allied Chemical Corporation, The Washington Post, and other properties? Incidentally, Lazard Freres, Meyer’s family banking house, personally manages the fortunes of many of our political luminaries, including the Kennedy family fortune.

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Other Wartime FunctionariesBesides these men, Warburg, Baruch, and Meyer, a host of [other] J.P. Morgan Co. and Kuhn, Loeb Co., partners, employees, and satellites came to Washington after 1917 to administer the fate of the American people.The Liberty Loans, which sold bonds to our citizens, were nominally in the jurisdiction of the United States Treasury, under the leadership of Wilson’s Secretary of the Treasury, William G. McAdoo, whom Kuhn, Loeb Co. had placed in charge of the Hudson-Manhattan Railway Co. in 1902. Paul Warburg had most of the Kuhn Loeb Co. firm with him in Washington during the War. Jerome Hanauer, partner in Kuhn, Loeb Co., was Assistant Secretary of the Treasury in charge of Liberty Loans. The two Under-secretaries of the Treasury during the War were S. Parker Gilbert and Roscoe C. Leffingwell. Both Gilbert and Leffingwell came to the Treasury from the law firm of Cravath and Henderson, and returned to that firm when they had fulfilled their mission for Kuhn, Loeb Co. in the Treasury. Cravath and Henderson were the lawyers for Kuhn Loeb Co. Gilbert and Leffingwell subsequently received partnerships in J.P. Morgan Co.

Kuhn, Loeb Company, the nation’s largest owners of railroad properties in this country and in Mexico, protected their interests during the First World War by having Woodrow Wilsonset up a United States Railroad Administration. The Director-General was William McAdoo, Comptroller of the Currency. Warburg replaced this set up in 1918 with a tighter organization which he called the Federal Transportation Council. The purpose of both of these organizations was to prevent strikes against Kuhn, Loeb Company during the War, in case the railroad workers should try to get in wages some of the millions of dollars in wartime profits which Kuhn, Loeb received from the United States Government.

Among the important bankers present in Washington during the War was Herbert Lehman, of the rapidly rising firm of Lehman Brothers, Bankers, New York, Lehman was promptly put on the General Staff of the Army, and given the rank of Colonel.

The Lehmans had had prior experience in “taking the profits out of war”, a double entendre and one of Baruch’s favorite phrases. In “Men Who Rule America”, Arthur D. Howden Smith writes of the Lehmans during the Civil War,

“They were often agents, fixers for both sides, intermediaries for confidential communications and handlers of the many illicit transactions in cotton and drugs for the Confederacy, purveyors of information for the North. The Lehmans, with Mayer in Montgomery, the first capital of the Confederacy, Henry in New Orleans, and Emanuel in New York were ideally situated to take advantage of every opportunity for profit which appeared. They seem to have missed few chances.” [80]

Other appointments during the First World War were as follows:

J.W. McIntosh, director of the Armour meat-packing trust, who was made chief of Subsistence for the United States Army in 1918. He later became Comptroller of the Currency during Coolidge’s Administration, and ex-officio member of the Federal Reserve Board. During the Harding Administration, he did his bit as Director of Finance for the United States Shipping Board when the Board sold ships to the Dollar Lines for a hundredth of their cost and then let the Dollar Line default on its payments. After leaving public service, J.W. McIntosh became a partner in J.W. Wollman Co., New York Stockbrokers.

W.P.G. Harding, Governor of the Federal Reserve Board, was also managing director of the War Finance Corporation under Eugene Meyer.

George R. James, member of the Federal Reserve Board in 1923-24, had been Chief of the Cotton Section of the War Industries Board.

Henry P. Davison, senior partner in J.P. Morgan Co., was appointed head of the American Red Cross in 1917 in order to get control of the three hundred and seventy million dollars cash which was collected from the American people in donations.

Ronald Ransom, banker from Atlanta, and [later] Governor of the Federal Reserve Board under Roosevelt in 1938-39, had been the Director in Charge of Personnel for Foreign Service for the American Red Cross in 1918.

John Skelton Williams, Comptroller of the Currency, was appointed National Treasurer of the American Red Cross.

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Woodrow Wilson, LiberalPresident Woodrow Wilson, the great liberal who signed the Federal Reserve Act and declared war against Germany, had an odd career for a man who is now enshrined as a defender of the common people. His chief supporter in both his campaigns for the Presidency was Cleveland H. Dodge, of Kuhn Loeb, who controlled National City Bank of New York. Dodge was also President of the Winchester Arms Company and Remington Arms Company. He was very close to President Wilson throughout the great democrat’s political career. Wilson lifted the embargo on shipment of arms to Mexico on February 12, 1914, so that Dodge could ship a million dollars worth of arms and ammunition to Carranza and promote the Mexican Revolution. Kuhn, Loeb Co.which owned the Mexican National Railways System, had become dissatisfied with the administration of Huerta and had him kicked out.When the British naval auxiliary Lusitania was sunk in 1915, it was loaded with ammunition from Dodge’s factories. Dodge became Chairman of the “Survivors of Victims of the Lusitania Fund”, which did so much to arouse the public against Germany. Dodge also was notorious for using professional gangsters against strikers in his plants, yet the liberal Wilson does not appear to have ever been disturbed by this.

Another clue to Wilson’s peculiar brand of liberalism is to be found in [Charlie] Chaplin’s book “Wobbly”, which relates how Wilson scrawled the word “REFUSED” across the appeal for clemency sent him by the aging and ailing Eugene Debs, who had been sent to Atlanta Prison for “speaking and writing against war”. The charge on which Debs was convicted was “spoken and written denunciation of war”. This was treason to the Wilson dictatorship, and Debs was imprisoned.

As head of the Socialist Party, Debs ran for the Presidency from Atlanta Prison, the only man ever to do so, and polled more than a million votes. It was ironic that Debs’ leadership of the Socialist Party, which at that time represented the desires of many Americans for an honest government, should fall into the sickly hands of Norman Thomas, a former student and admirer of Woodrow Wilson at Princeton University. Under Thomas’ leadership, the Socialist Party no longer stood for anything, and suffered a steady decline in influence and prestige.

Wilson continued to be deeply involved in the Bolshevik Revolution, as were House and Wiseman. Vol. 3, p. 421 of House’s “Intimate Papers” records a cable from Sir William Wiseman to House from London, May 1, 1918, suggesting allied intervention at the invitation of the Bolsheviks to help organize the Bolshevik forces.

Lt. Col. Norman Thwaites, in his memoirs “Velvet and Vinegar” says,

“Often during the years 1917-20 when delicate decisions had to be made, I consulted with Mr. (Otto) Kahn, whose calm judgment and almost uncanny foresight as to political and economic tendencies proved most helpful. Another remarkable man with whom I have been closely associated is Sir William Wiseman who was advisor on American affairs to the British delegation at the Peace Conference, and liaison officer between the American and British government during the war. He was rather more the Col. House of this country in his relations with Downing Street.” [81]

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The Paris Peace ConferenceIn the summer of 1917, Woodrow Wilson named Col. House to head the American War Mission to the Interallied War Conference, the first American mission to a European council in history. House was criticized for naming his son-in-law, Gordon Auchincloss, as his assistant on this mission. Paul Cravath, the lawyer for Kuhn, Loeb Company, was third in charge of the American War Mission. Sir William Wiseman guided the American War Mission in its conferences. In “The Strangest Friendship in History”, Viereck writes:

“After America entered the War, Wiseman, according to Northcliffe, was the only man who had access at all times to the Colonel [House] and to the White House. Wiseman rented an apartment in the house where the Colonel lived. David Lawrence referred to the Fifty-Third Street house (New York City) jestingly as the American No. 10 Downing St. . . . Col. House had a special code used only with Sir William Wiseman. Col. House was ‘Bush’, the Morgans were ‘Haslam’, and Trotsky was ‘Keble’.” [82]

Thus these two “unofficial” advisors to the British and American governments had a code solely for each other, which no one else could understand. Even stranger was the fact that the international Communist espionage apparatus for many years used Col. House’s book, “Philip Dru, Administrator”, as their official code book. Francois Coty writes:

Gorodin, Lenin’s agent in China, was alleged to have with him a copy of the book published by Col. House, “Philip Dru, Administrator” and a code expert who lived in China told this writer that the purpose of having constant access to this book by Gorodin was to use it for coding and decoding messages. [83]

After the Armistice, Wilson assembled the American Delegation to the Peace Conference, and embarked for Paris. It was, on the whole, a most congenial group, consisting of the bankers who had always guided Wilson’s policies. He was accompanied by Bernard Baruch, Thomas W. Lamont of J.P. Morgan Co., Albert Strauss of J & W Seligman bankers, who had been chosen by Wilson to replace Paul Warburg on the Federal Reserve Board of Governors, J.P. Morgan, and Morgan lawyers Frank Polk and John W. Davis. Accompanying them were Walter Lippmann, Felix Frankfurter, Justice Brandeis, and other interested parties. Mason’s biography of Brandeis states that

“In Paris in June of 1919, Brandeis met with such friends as Paul Warburg, Col. House, Lord Balfour, Louis Marshall, and Baron Edmond de Rothschild.”

Indeed, Baron Edmond de Rothschild served as the genial host to the leading members of the American Delegation, and even turned over his Paris mansion to them, although the lesser members had to rough it at the elegant Hotel Crillon with Col. House and his personal staff of 201 servants.

Baruch later testified before the Graham Committee of the Senate Foreign Relations Committee,

BARUCH: I was economic advisor with the peace mission.GRAHAM: Did you frequently advise the President while there?

BARUCH: Whenever he asked my advice I gave it. I had something to do with the reparations clauses. I was the American Commissioner in charge of what they called the Economic Section. I was a member of the Supreme Economic Council in charge of raw metals.

GRAHAM: Did you sit in the council with the gentlemen who were negotiating the treaty?

BARUCH: Yes, sir, some of the time.

GRAHAM: All except the meetings that were participated in by the Five? (“The Five” being the leaders of the five allied nations).

BARUCH: And frequently those also.”

Paul Warburg accompanied Wilson on the American Commission to Negotiate Peace as his chief financial advisor. He was pleasantly surprised to find at the head of the German delegation his brother, Max Warburg, who brought along Carl Melchior, also of M.M. Warburg Company, William Georg von Strauss, Franz Urbig, and Mathias Erzberger.

Thomas W. Lamont states in his privately printed memoirs, “Across World Frontiers”:

“The German delegation included two German bankers of the Warburg firm whom I happened to know slightly and with whom I was glad to talk informally, for they seemed to be striving earnestly to offer some reparations composition that might be acceptable to the Allies.” [84]

Lamont was also pleased to see Sir William Wiseman, chief advisor to the British delegation.

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Wilson’s FollyThe bankers at the conference convinced Wilsonthat they needed an international government to facilitate their international monetary operations. Vol. IV, p. 52, of the “Intimate Papers of Col. House” quotes a message from Sir William Wiseman to Lord Reading, August 16, 1918, “The President has two main principles in view; there must be a League of Nations and it must be virile.”Wilson, who seems to have lived in a world of fantasy, was shocked when American citizens booed him during his campaign to have them sign over their hard won independence to what appeared to many to be an international dictatorship. He promptly went into a depression, and retired to his bedroom. His wife immediately shut the White House doors against Col. House, and from September 25, 1919 to April 13, 1920, she ruled the United States with the aid of an intimate friend, her “military aide”, Col. Rixey Smith. As everyone was shut out of their deliberations, no one ever knew which of the pair functioned as the President, and which was the Vice President.

The admirers of Wilson were led for decades by Bernard Baruch, who stated that Woodrow Wilson was the greatest man he ever knew. Wilson’s appointments to the Federal Reserve Board, and that body’s responsibility for financing the First World War, as well as Wilson’s handing over the United States to the immigrant triumvirate during the War, made him appear to be the most important single effector of ruin in American history.

It is no wonder that after his abortive trip to Europe, where he was hissed and jeered in the streets by the French people, and snickered at in the halls of Versailles by Orlando and Clemenceau, Woodrow Wilson returned home to take to his bed. The sight of the destruction and death in Europe, for which he was directly responsible, was perhaps more of a shock than he could bear. The Italian Minister Pentaleoni expressed the feelings of the European peoples when he wrote that: “Woodrow Wilson is a type of Pecksniff who was now disappeared amid universal execration.”

It is America’s misfortune that our subsidized press and educational system have been devoted to enshrining a man who colluded in causing so much death and sorrow throughout the world.

The financial cartel suffered only minor setbacks in those crucial years. On February 12, 1917, the New York Times reported that:

The five members of the Federal Reserve Board were impeached on the floor of the House by Rep. Charles A. Lindbergh, Republican member of the House Banking and Currency Committee. According to Mr. Lindbergh, “the conspiracy began in 1906 when the late J.P. Morgan, Paul M. Warburg, a present member of the Federal Reserve Board, the National City Bank and other banking firms ‘conspired’ to obtain currency legislation in the interest of big business and the appointment of a special board to administer such a law, in order to create industrial slaves of the masses, the aforesaid conspirators did conspire and are now conspiring to have the Federal Reserve Board administered so as to enable the conspirators to coordinate all kinds of big business and to keep themselves in control of big business in order to amalgamate all the trusts into one great trust in restraint and control of trade and commerce.” The impeachment resolution was not acted on by the House.

The New York Times reported on August 10, 1918, “Mr. Warburg’s term having expired, he voluntarily retired from the Federal Reserve Board.” Thus the previous intimation that Mr. Warburg left the Federal Reserve Board because he had a brother in the Secret Service of a foreign country, namely, Germany, with whom we were at war, was not the cause of his retirement. In any case, he did not leave the Federal Reserve Administration, as he immediately took over J.P. Morgan’s seat on the Federal Advisory Council, from which post he continued to administer the Federal Reserve System for the next ten years.

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Notes for Chapter 869c. “House revealed to me in a confidential moment, ‘Wilson was elected by Teddy Roosevelt.'” The Strangest Friendship in History, Woodrow Wilson and Col. House, George Sylvester Viereck, Liveright, N.Y. 193269d. 1787 Constitutional Convention

69e. Emmett Tyrell, Jr., Richmond Times Dispatch, Feb. 15, 1983 “Every peace movement of this century has been followed by war.”

70. Cordell Hull, Memoirs, Macmillan, New York, 1948, v. 1, page 76

71. Public Papers of Woodrow Wilson, Dodd & Baker, v.5, p. 12-13

71b. New York Times, August 10, 1918; “Mr. (Paul) Warburg was the author of the plan organizing the War Finance Corporation.”

72. Max Warburg, Memoirs of Max Warburg, Berlin, 1936

73. David Farrar, The Warburgs, Michael Joseph, Ltd., London, 1974

74. “Truth Magazine”, George Conroy, editor, Boston, issue of December 16, 1912

75. Edward M. House, The Intimate Papers of Col. House, edited by Charles Seymour, Vol. II, p. 399. Houghton, Mifflin Co.

76. George Sylvester Viereck, The Strangest Friendship in History, Woodrow Wilson and Col. House, p. 106

77. Letters and Friendships of Sir Cecil Spring-Rice, p. 219-220

78. Col. Elisha Garrison, Roosevelt, Wilson and the Federal Reserve Law, Christopher Publishing House, Boston, 1931, p. 260

78b. Baruch also stated in this testimony, “I carried through the war three major investments, Alaska Juneau Gold Mining Company (with partner Eugene Meyer), Texas Gulf Sulphur, and Atolia Mining Company (tungsten).” Rep. Mason, Illinois, told the House on February 21, 1921 that Baruch made more than $50 million in copper during the war.

78c. Baruch chose as Assistant Chairman of the War Industries Board a fellow Wall Street speculator, Clarence Dillon (Lapowitz). See biographies.

79. Bernard Baruch, My Own Story, Henry-Holt Company, New York, 1957, p. 194

80. Arthur D. Howden Smith, Men Who Rule America, Bobbs Merrill, N.Y. 1935, p. 112

81. Lt. Col. Norman Thwaites, Velvet and Vinegar, Grayson Co., London, 1932

82. George Sylvester Viereck, The Strangest Friendship in History, Woodrow Wilson and Col. House, Liveright, N.Y. 1932, p. 172

83. Francois Coty, Tearing Away the Veil, Paris, 1940

84. Thomas W. Lamont, Across World Frontiers, (Privately printed) 1950, p. 138

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Table of Contents

MHP Editors Preface
About this book
Acknowledgements
Acknowledgements and author profile
Foreward
Ezra Pound as the inspiration for this research
Introduction
Introduction by Ezra Pound. Opinion from Thomas Jefferson about the central bank.
Jekyll Island
Paul Warburg and the Jekyll Island conference of 1910
The Aldrich Plan
The bankers lobby for the Aldrich bill to establish a new central bank
The Federal Reserve Act
Wilson is elected President and the Federal Reserve Act is passed (1912-14)
The Federal Advisory Council
The bankers control the membership of the regional oversight board
The House of Rothschild
The Rothschild family dominates the banking of London and Europe
The London Connection
The banks that own the Fed are controlled from London
The Hitler Connection
J.H. Schroder Bank and the financing of Adolf Hitler
World War One
Kuhn, Loeb Company and the management of the Great War
The Agricultural Depression
Looting of the rural banks and the independent farmers (1920-21)
The Money Creators
Control of the money supply, trade credit, and interest rates
Lord Montagu Norman
The Bank of England, gold transfers, and the Roaring 20s
The Great Depression
The Fed pops the speculative bubble and the insiders profit
The 1930s
The Fed during the Hoover and Roosevelt administrations
Congressional Expose
Charting the banking and business connections of the Fed directors
http://modernhistoryproject.org/mhp?Article=FedReserve

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