Wall Street and the Rise of Hitler

Banking With Hitler Part 1 of 5



Banking With Hitler Part 2 of 5



Banking With Hitler Part 3 of 5



Banking With Hitler Part4 of 5



Banking With Hitler Part 5 of 5



Sutton makes that case that several Wall Street firms were deeply involved in financing the rise to power of the National Socialist German Workers Party (i.e., the Nazis) in pre-World War II Germany. Sutton shows that first, Wall Street financed the German cartels in the 1920's, second, that Wall Street indirectly financed Hitler and the Nazi Party, prior to their rise in power in Germany, third, that Wall Street firms profited from the build-up to war and the war itself, even after the U.S. got involved, and finally, that U.S. firms worked to cover up their complicity after the war.

This book is the third in a trilogy. The two other books chronicle Wall Street's involvement in the rise of FDR and the Bolshevik revolution in Russia. The anti-Semitism and Nazi sympathies of businessmen like Henry Ford is no secret, so it's surprising that this subject gets so little play. Given modern leftist thought on big business, one would think that they would leap at the chance to link Wall Street to the Nazis. The reason they don't is no doubt due to Sutton's larger effort at showing that Wall Street supported "corporate socialism" not only in Germany, but in Russia and the U.S. as well. Since leftists still idealize FDR and the brutal regime that arose to become the U.S.S.R., they probably prefer to forget about the businessmen who connect them all. Sutton himself is no anti-business left-winger, instead he is a conservative concerned with the actions of an "unelected power elite", controlling events/governments/societies behind the scenes, to the detriment of freedom everywhere.

It makes for rather dry reading, but Sutton goes into extensive details about the persons, funds and timelines that show the deep connection between certain American Big Businesses and the Nazis. Why would Big Business embrace such a horrid political movement? Although Sutton does not go into details about motivation, there is a good case to be made that many businesses were not fond of the untrammeled free market and instead yearned for the security of government guaranteed profits, regardless of the expense to others in terms of loss of freedom. These businesses saw themselves as the contractors running the government machinery of what was thought to be the inevitable march to socialism. Sutton doesn't mention it, but many in the early twentieth century thought that some form of socialism was unavoidable, and that it was a choice between that and corporate domination through monopoly. Thus these businesses saw themselves as merely working towards what was almost pre-destined to happen, and ensuring that they would be the ones running the show and reaping the benefit.

The book turns a bit conspiratorial in the end. Sutton invokes the Kennedy Assassination, the Korean War and Vietnam War and the Council on Foreign Relations all in an attempt to suggest that we are being ruled by an unelected power elite, bent on societal domination at all costs, in the name of profit. There's no need to invoke conspiracy, though. The selfish acts of business men, tempted by access to the levers of power, is as good an explanation as any.

The case that Sutton makes is compelling. If his evidence is able to withstand scrutiny, it's hard to come to any other conclusion than that Big Business was willing to deal with the worst of the worst in order to profit via the coercive powers of government.

Chase Bank collaboration with the Nazis Part One



Chase Bank collaboration with the Nazis Part Two



Secretary of Treasury Henry Morgenthau, who began investigating this collaboration, He found the Chase were not alone. His archives reveal that both British and American bankers continued to do business with Hitler, even as Germany was invading Europe and bombing London. Chase Bank in Nazi-occupied Paris after Pearl Harbor was doing millions of dollars' worth of business with the enemy with the full knowledge of the head office in Manhattan?
Gold that had been looted from the national banks of Austria, Holland, Belgium, and Czechoslovakia, or melted down from the Reichsbank holdings of the teeth fillings, spectacle frames, cigarette cases and lighters, and wedding rings of the murdered Jews.

John Adams (HBO Miniseries) (2008)

Based on David McCullough's bestselling biography, the HBO miniseries John Adams is the furthest thing from a starry-eyed look at America's founding fathers and the brutal path to independence. Adams (Paul Giamatti), second president of the United States, is portrayed as a skilled orator and principled attorney whose preference for justice over anti-English passions earns enemies. But he also gains the esteem of the first national government of the United States, i.e., the Continental Congress, which seeks non-firebrands capable of making a reasoned if powerful case for America's break from England's monarchy. The first thing one notices about John Adams' dramatizations of congress' proceedings, and the fervent pro-independence violence in the streets of Boston and elsewhere, is that America's roots don't look pretty or idealized here. Some horrendous things happen in the name of protest, driving Adams to push the cause of independence in a legitimate effort to get on with a revolutionary war under the command of George Washington. But the process isn't easy: not every one of the 13 colonies-turned-states is ready to incur the wrath of England, and behind-the-scenes negotiations prove as much a part of 18th century congressional sessions as they do today.

Besides this peek into a less-romanticized version of the past, John Adams is also a story of the man himself. Adams' frustration at being forgotten or overlooked at critical junctures of America's early development--sent abroad for years instead of helping to draft the U.S. constitution--is detailed. So is his dismay that the truth of what actually transpired leading to the signing of the Declaration of Independence has been slowly forgotten and replaced by a rosier myth. But above all, John Adams is the story of two key ties: Adams' 54-year marriage to Abigail Adams (Laura Linney), every bit her husband's intellectual equal and anchor, and his difficult, almost symbiotic relationship with Thomas Jefferson (Stephen Dillane) over decades. Giamatti, of course, has to carry much of the drama, and if he doesn't always seem quite believable in the series' first half, he becomes increasingly excellent at the point where an aging Adams becomes bitter over his place in history. Linney is marvelous, as is Dillane, Sarah Polley as daughter Nabby, Danny Huston as cousin Samuel Adams, and above all Tom Wilkinson as a complex but indispensable Ben Franklin. --Tom Keogh

Product Description
John Adams is a sprawling HBO miniseries event that depicts the extraordinary life and times of one of Americas least understood and most underestimated founding fathers: the second President of the United States John Adams. Starring Paul Giamatti (Sideways Cinderella Man HBOs American Spendor) in the title role and Laura Linney (You Can Count on Me Kinsey) as Adams devoted wife Abigail John Adams chronicles the extraordinary life journey of one of the primary shapers of our independence and government whose legacy has often been eclipsed by more flamboyant contemporaries like George Washington Thomas Jefferson Alexander Hamilton and Benjamin Franklin. Set against the backdrop of a nations stormy birth this sweeping miniseries is a moving love story a gripping narrative and a fascinating study of human nature. Above all at a time when the nation is increasingly polarized politically this story celebrates the shared values of liberty and freedom upon which this country was built.Running Time: 501 min.Format: DVD MOVIE Genre: TELEVISION/SERIES & SEQUELS UPC: 883929020065 Manufacturer No: 1000038820

Churchill and His Myths

Geoffrey Wheatcroft | New York Review of Books | May 29, 2008

Blood, Toil, Tears and Sweat: The Dire Warning
by John Lukacs
Basic Books, 147 pp., $24.00

Troublesome Young Men: The Rebels Who Brought Churchill to Power and Helped Save England
by Lynne Olson
Farrar, Straus and Giroux, 436 pp., $27.50; $15.00 (paper)

Human Smoke: The Beginnings of World War II, the End of Civilization
by Nicholson Baker
Simon and Schuster, 566 pp., $30.00

Churchill, Hitler, and "The Unnecessary War": How Britain Lost the Empire and the West Lost the World
by Patrick J. Buchanan.
Crown, 544 pp., $29.95

1.

At the end of 1936, Winston Churchill's fortunes had sunk as low as he would ever know. His career had long resembled Snakes and Ladders, the nursery board game where a shake of the dice leads to either a brisk ascent or a downward slither. Already famous in 1900 when he entered Parliament at the age of twenty-five, he was home secretary at thirty-four (having nimbly deserted the Conservatives before the Liberals won their landslide in 1906), and went on climbing the ladder until the outbreak of the Great War. Then in 1915 he stepped on a nasty snake. He was saddled with the blame for the Dardanelles debacle and left government to command an infantry battalion on the Western Front. After easing his way back into office, he stealthily returned to the Conservative fold, but in 1931, while the Tories were in opposition, he resigned from the party leadership because of his bitter opposition to Gandhi's release from prison, and to any measure of Indian self-government.

A heroic account of his "wilderness years" in the 1930s, which Churchill promoted and which is current today among his huge American claque, has him as the noble lone voice crying out while his countrymen willfully ignored his warnings about the need to rearm against a resurgent Germany. It's true that most British people understandably had little enthusiasm for another war only twenty years after one in which they had lost three quarters of a million dead (equivalent to nearly six million Americans today). But Churchill's woes were largely self-inflicted, from India to what John Lukacs calls "his impetuous (and, in retrospect, unnecessary) championing of Edward VIII" in December 1936. In the most disastrous parliamentary performance of his life, incoherent and seemingly the worse for drink, Churchill pleaded on behalf of the King until he was shouted down. London bookmakers take bets on anything from sport to the weather to politics; what odds would they have given that December that, within less than four years, he would be prime minister, at the supreme crisis in his country's history?

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The Book They’re All Talking About!

Even before it was published (May 27, 2008), Pat Buchanan’s book, Churchill, Hitler, and "The Unnecessary War": How Britain Lost Its Empire and the West Lost the World, set the cat amongst the pigeons, not least because of John Lukacs review, “Necessary Evil”, which appeared, somewhat incongruously, in the June 2, 2008 [sic] issue (presumably online), sometime late last May, of The American Conservative. As an anti-anti-communist, who considers Nationalism to have been the supreme evil of the 20th century, Lukacs, whom Geoffrey Wheatcroft, a more considered judge of Churchill’s achievements, describes as “preeminent among intellectually respectable Churchillians”, has always idolized Churchill, who fought against that most extreme form of 20th-century Nationalism, Nazism, and made common cause with Uncle Joe Stalin.

On May 25, Buchanan posted an excerpt from his book, titled, “Man of the Century”, on Taki’s Magazine. He begins:

As the twentieth century ended, a debate ensued over who had been its greatest man. The Weekly Standard nominee was Churchill. Not only was he Man of the Century, said scholar Harry Jaffa, he was the Man of Many Centuries. To Kissinger he was “the quintessential hero.” A BBC poll of a million people in 2002 found that Britons considered Churchill the “greatest Briton of all time.”

As a Briton, I well remember the poll, tho’ I didn’t take part in it.

Buchanan goes on to examine whether Churchill really deserves that accolade and concludes that “Churchill succeeded magnificently as a war leader”, but “failed as a statesman”: “He had been a great man—at the cost of his country’s greatness.”

He also says of his own country, which has ceased to be a republic and has become a fast-declining empire: “There is hardly a blunder of the British Empire we have not replicated.”

Two days later, Buchanan posted a second article, “How the West Lost the World”, on Takimag, in which he outlines the series of British “blunders” which led to the Second World War.

Churchill, Hitler, and "The Unnecessary War": How Britain Lost Its Empire and the West Lost the World, is one of a number of books on the subject reviewed by Geoffrey Wheatcroft in his review, “Churchill and His Myths” (a possible allusion to Churchill’s phrase, “Hitler and all his works”), which appeared on the same day in The New York review of Books, the others being John Lukacs’ own Blood, Toil, Tears and Sweat: The Dire Warning, Lynne Olson’s Troublesome Young Men: The Rebels Who Brought Churchill to Power and Helped Save England, about the Tory rebels who voted against Chamberlain in 1940, and Nicholson Baker’s Human Smoke: The Beginnings of World War II, the End of Civilization, which Lukacs has denounced, unsurprisingly, as “a bad book”.

Wheatcroft writes:

In the best sentence in her book, about the Suez adventure of 1956, [Olson] writes, "Not for the first time, and certainly not for the last, the lessons of Munich and appeasement were wrongly applied to a later international crisis." Likewise, having rightly observed that "there has arisen among America's elite a Churchill cult," Patrick Buchanan devotes a chapter, "Man of the Century," to denouncing the cult, and the man. He not only looks askance at Churchill's saying in September 1943 that "to achieve the extirpation of Nazi tyranny there are no lengths of violence to which we will not go"; he chastises the administration of George Bush the Younger—who installed a bust of Churchill in the Oval Office—for having emulated "every folly of imperial Britain in her plunge from power," and having drawn every wrong lesson from Churchill's career. There is by now an entire book to be written about the way that "Munich," "appeasement," and "Churchill" have been ritually invoked, from Suez to Vietnam to Iraq, so often in false analogy, and so often with calamitous results.

Pat Buchanan himself appeared on CNN’s Situation Room to discuss his book with Wolf Blitzer, an appearance which was written up in an article, “Pat Buchanan Blames Britain for Holocaust”, by Jason Linkins on the Huffington Post, and which he peppered with ad hominem attacks:

[youtube=http://www.youtube.com/watch?v=Srwk5WwroXY]

He also appeared with Lester Holt on the Today Show:

[youtube=http://www.youtube.com/watch?v=ChP4-FF4A3E]

Man of the Century
How the West Lost the World

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Buchanan, Kennan, and the “Good War”

Paul Gottfried | Taki's Magazine | June 01, 2008

The following is the first installment in a three-part critical symposium on Patrick Buchanan’s Churchill, Hitler, and the “Unnecessary War.”

It is not surprising that Pat Buchanan’s new book, exploring the collapse of the British Empire and the connection of that disaster to England’s involvement in two world wars, should have received a strong endorsement from George F. Kennan, written (it might be surmised) shortly before this luminary’s death at the age of a hundred and one. Although Kennan praises Pat specifically for taking over and developing his argument that “the British guaranty to Poland [in 1939] was neither necessary nor wise,” there is little in Pat’s work that is not traceable to this once celebrated American exponent of political realism. There are other historians whom Pat cites, such as Giles MacDonogh, Thomas Fleming, John Charmley and my close friend Ralph Raico, all of whom have written critically about Churchill. But his main guide to enlightenment is Kennan. Moreover, the work by this author and onetime American ambassador to Russia that fuels Pat’s “revisionist” arguments, concerning the misuse of British power, the overly close connection between the U.S. and Britain, and the overextension of English participation in continental European conflicts, is Kennan’s American Diplomacy 1900-1950, a work that was first published in 1951.

When I was in college and later graduate school in the 1960s, this book was regularly assigned to undergraduates as an authoritative introduction to America’s role in international affairs in the 20th century. As Lee Congdon will surely explain in his forthcoming monograph, Kennan then enjoyed a certain cachet on the academic left as a critic of Cold War hawks, and he was even allowed to publish in the “anti-anti-Communist” New York Review of Books a tribute to the Prussian aristocracy that had tried to overthrow Hitler in 1944. By the 1980s Kennan had predictably come to rattle the neocons as someone who had never been particularly favorable to Israel and who had even shown the effrontery to warn against weakening the white minority government in South Africa. Despite Kennan’s mostly accidental association with the Left, the neocons, led by the sociologist Paul Hollander, correctly reminded us that Kennan was a reactionary—and certainly no friend of progressive democracy.


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Review: When Robert Kennedy gave his all

By Todd Leopold | CNN

A few days before the 1968 California Democratic primary, Washington Post reporter Richard Harwood told his editor he wanted to stop covering Robert F. Kennedy's campaign for president.

Robert Kennedy's campaign for president lasted 82 days before he died on June 6, 1968.

"I'm falling in love with the guy," he said, according to Thurston Clarke's "The Last Campaign: Robert F. Kennedy and 82 Days That Inspired America" (Henry Holt).

It was easy to see why. During his ill-fated run for the presidency, Kennedy appeared to be that rarest of candidates, the truth teller. By many accounts, he meant every word he said, particularly those about fighting prejudice and poverty. He refused to kowtow to his audiences, and he wore his emotions on his sleeves (adoring crowds sometimes shredded his cuffs). And he pondered questions before offering thoughtful, sometimes stammering, answers.

Indeed, if Clarke's careful and moving book has a problem, it's that the author also seems to have fallen a little in love with his subject. The hard-nosed -- the preferred adjective was "ruthless" -- RFK who shrewdly managed his brother's presidential campaign gets short shrift. The book sometimes seems to exist in its own bubble, lacking the uncertainty that afflicted Kennedy in fighting his uphill nomination battle.


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The Jewish key to Henry Kissinger

Is the ferocity of criticism for Kissinger related to the fact that he is Jewish?, asks Niall Ferguson

Niall Ferguson | The Times Literary Supplement | May 28, 2008

To say that Henry Kissinger is the most controversial of twentieth-century American Secretaries of State would be an understatement. No other holder of that office has inspired opprobrium of the sort heaped on Kissinger by journalists such as Seymour Hersh and Christopher Hitchens. The latter’s polemic, The Trial of Henry Kissinger (2002), for example, accuses Kissinger of having “ordered and sanctioned the destruction of civilian populations, the assassination of inconvenient politicians, the kidnapping and disappearance of soldiers and journalists and clerics who got in his way”. Hitchens offers no explanation of his subject’s alleged record of “promiscuous violence abroad and flagrant illegality at home”. The reader is merely left to infer that Kissinger must be a terribly wicked man.


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Angry Man

Nixon's America was a land of rebellion and reaction.

Reviewed by Elizabeth Drew | WaPo | Sunday, June 1, 2008; BW05

NIXONLAND

The Rise of a President and the Fracturing of America
By Rick Perlstein
Scribner. 881 pp. $37.50

There is so much literature about various aspects of Richard Nixon -- his foreign policy, his domestic policy, his rise to power, his time in power, his fall from power, his comeback, his relationship with Vice President Spiro Agnew, his trip to China -- that it would seem difficult to find an original approach to the man. But, in Nixonland, Rick Perlstein has come up with the novel and important idea of exploring the relationship between Nixon and the 1960s counterculture, a rebellion of mostly young people against society's conventions and authority in general. Perlstein is quite right in identifying this rebellion -- and the reaction against it -- as critical to Nixon's rise and his strange hold on the American people. One might even consider Perlstein's book to be primarily about the counterculture and only secondarily about Nixon, since he devotes nearly half of it to a brilliant evocation of the '60s.

The decade had begun quiescently, with a general acceptance of the conventional mores of the '50s and the Cold War. But midway through came upheaval: hippies, yippies, be-ins, the drug culture, the Weather Underground, the "summer of love." Then the traumas of 1968: the assassinations of Martin Luther King Jr. and Robert F. Kennedy, campus unrest, urban riots. And, of course, Vietnam. A nation unhinged.

Perlstein astutely follows the reaction against all of this by a large part of the American people, whose deep resentments and fear Nixon shrewdly observed and exploited. In the 1968 election campaign, he offered America peace and quiet, law and order. But once in office, he delivered mass arrests of peaceful protesters against the war; his allies in the construction unions beat up demonstrators on Wall Street. Perlstein's Nixonland is a land of rebellion and reaction, each faction stirring up the other.