G
Guest
Guest
To understand Dubya's Double-Barreled Depression we must realize that
it is a one-two punch.
The first punch came in March of 2000. That's when Dubya knocked
McCain out of the running for the
Republican Presidential nomination in the South Carolina Republican
Presidential Primary.
Stock market investors follow an old maxim: "Buy Low-Sell High". On
January 20th, 1981 the Federal Budget Deficit was ONE TRILLION
DOLLARS. Twelve years later after 8 years of Reagan-Bush and
4 years of Bush-Quayle the Federal Budget Deficit was FIVE TRILLION
DOLLARS. With Bush the sure Republican nominee as of March 2000
investors realized that a Bush win would mean DejaVu all over again.
More budget deficits would loom. Bush lost the election but stole the
White House. The worried investors who started selling in March of
2000, when Bush locked up the Republican nomination are still selling
and there is NO BOTTOM TO THE STOCK MARKET!
"Since the peak in the Wilshire 5000 Index in the spring of 2000,
stocks have lost $4.4 trillion in value."
http://www.cnn.com/TRANSCRIPTS/0108/30/mlld.00.html
That's quite a number ! " STOCKS HAVE LOST $4.4 TRILLION IN VALUE!"
The reason for this is simple. When government cuts taxes and
increases spending, or proposes to
increase it, for things like Star Wars, which is an open-ended
expense, (you could spend all of the money that exists on earth and
still not have a reliable Star Wars missile defense system!)
government ends up living on the equivalent of a credit card.
Government starts to borrow money. If government competes with private
borrowers for a limited supply of money the price of money goes up.
That means that even though the Federal Reserve has cut interest rates
this year it will have to raise them, dramatically, as Government goes
into deficit spending! When that happens your c.d. rates will far
exceed your rate of return on stocks. Anticipating this scenario
investors started selling in March of 2000 the minute Bush knocked
McCain out of the running for the Republican Presidential nomination
in the South Carolina primary. They have not stopped selling since.
Investors will keep on selling as long as Bush-Cheney are in power.
Only a deficit hawk like Al Gore, who won the election in November but
was not permitted to take office because of the Bush-Cheney coup can
return investor confidence to America. Remember the "lockbox" that Al
Gore talked about during the 2000 campaign? Well Bush has busted open
the lockbox! "The CBO forecasts that the government will tap $9
billion in Social Security reserves this year because Bush's tax cut
and the general economic slowdown have shrunk the surplus in general
revenues." http://dailynews.yahoo.com/h/ap/20010829/pl/bush_73.html
When that happens, Baby Boomers, who are the biggest potential
spenders, or savers, in the economy get
Worried. Worried Baby Boomers Don't Buy Anything ! Drive down any
American road and you will
See Baby Boomers behind the wheels of Big SUVs! They buy those things
because they are security conscious. Raiding Social Security Worries
Baby Boomers! This is the 2nd barrel of Dubya's Double-Barreled
Depression! Worrying the Baby Boomers into buying nothing and
delivering the coup de grace
to the economy. If Social Security won't be there because Dubya is
raiding it right now, Baby Boomers reason, it is time to stop buying
everything! Baby Boomers are approaching retirement soon. So all
purchases by Baby Boomers are Out until Dubya is Out of the White
House! Of course this gang is used to Depressions. Consider the
following if you will: THE HUNDRED YEARS AGO WAR-OR WAS IT?
It was the 12th of December, 1900 and the man who came to dinner was
Charles M. Schwab, http://www.mcall.com/html/potc/4277.htm president
of Andrew Carnegie's
http://www.pbs.org/wgbh/amex/carnegie/index.html steel company. John
Pierpont Morgan,
http://www.britannica.com/eb/article?eu=55073 "the leader of the
financial forces of the day, sat at Schwab's right hand. Schwab was
the after-dinner speaker who convinced Morgan that night "that the
time had come to organize the United States Steel Corporation".
"Morgan's intuition told him Schwab was right. Morgan called John W.
Gates http://www.co.dupage.il.us/heritage/yps/gates.html to ask how
to approach Carnegie. "Through Schwab", Gates instructed him; Schwab
was Carnegie's white-headed boy, the one man who had real influence
with the old Scotchman. The size of the steel trust that emerged
shocked many. "President Hadley of Yale,
http://www.bartleby.com/65/ha/HadleyA.html in an address shortly after
the Morgan announcement, said that if trusts were not 'regulated by
public sentiment' the country could
expect 'an emperor in Washington within twenty-five years.' Morgan,
Carnegie and Schwab were not the only players in the financial world
in those days of course. "Edward Henry Harriman
http://www.infoplease.com/ce6/people/A0822804.html had the aid of
wealthy and influential friends in his early career. His father was an
Episcopal clergyman. Edward Henry left school at 14 to become a
messenger for a firm of stockbrokers in Wall Street.. Harriman was
also a man of Napoleonic ambition: An ambition which in the spring of
1901 was to push him into shattering conflict with the forces of
Pierpont Morgan." (Or so the story was told in the Lords of Creation
by Frederick Lewis Allen, Harper and Brothers
Publishers, New York and London 1935.) But was this "shattering
conflict" all a sham? Was the Hundred Years Ago War really a war at
all? We take up our story again here: "Harriman's Union Pacific ran
from Omaha to Ogden, Utah connecting there with railroads extending to
the Coast. Considerably north of it was the Northern Pacific which
ran from St. Paul and Duluth through North Dakota and Montana to the
Coast. Still farther north was James J. Hill's
http://www.railserve.com/JJHill.html Great Northern, hard against the
Canadian border. The Northern Pacific and the Great Northern served
virtually the same regions, Morgan had tried to combine them a few
years earlier but the laws forbidding alliances between directly
competing roads had prevented any such formal association. Both
roads however did their banking with the House of Morgan. Both
Harriman and Morgan 'cast longing eyes upon another railroad to the
east. This was the Chicago, Burlington and Quincy, popularly known as
the Burlington. It had a network of lines running through Illinois,
Iowa, Missouri, and Nebraska. It connected with several other roads to
the south and east, and better yet, it ran into Chicago. Both groups
therefore set about trying to purchase the Burlington.'"(Again, so the
story is told, in THE LORDS OF CREATION, but was something deeper
being planned beneath the surface of all of this?) "During the early
months of 1901 (Hill) succeeded in inducing the directors of the
Burlington to sell. In April the deal was approved by the Burlington
stockholders. Morgan and Hill had possession of the road. Harriman was
beaten but his ambition was
overwhelming as Judge Lovett
http://www.tsha.utexas.edu/handbook/online/articles/print/BB/jyb1.html
http://www.employees.org/~davison/nprha/tteusra2.html
http://www.newsmakingnews.com/lmnebraskaconnection.htm said of him
later 'when he started upon a course nobody could swerve him from it'.
Obviously he could not do it directly; so he decided to
do it indirectly, by buying the Northern Pacific, Morgan's and Hill's
own road right out from under their very noses. He would do this not
by arrangement with the board of directors, or by private negotiation
with the large holders of stock, but in the open market on the New
York Stock Exchange. It is said that this project was proposed to
Harriman by John W. Sterling,
http://www.library.yale.edu/renovaxn/history.html the eccentric and
secretive corporation lawyer who was the constant intimate of James
Stillman, whose National City Bank could draw upon the vast hoards of
the Standard Oil men."For more on Stillman please read: The Portrait
of a Banker, James Stillman / by Anna R. Burr ISBN: 0405069502 Ayer
Company Publishers, Incorporated 08/01/1975 Please see also
http://www.scottwinslow.com/Live/w100/w61-80.htm "Harriman was now
working hand in glove with Stillman and the Standard Oil millionaires.
On Monday morning May 6th, 1901 brokers began purchasing for the
Morgan-Hill forces in quantity. The leap in Northern Pacific
stimulated speculation in other securities. On Tuesday May 7th, 1901
the drama was further advanced. The inevitable was approaching. The
Morgan forces were still buying; and as some of he speculators who had
sold short began to guess their predicament and sought to buy to cover
their sales, the price of Northern Pacific zigzagged crazily upward,
touching 149 ¾ and closing at 143 ½ up 16 more points for the day. At
the close of the market the Morgan
purchases ceased: Morgan and Hill now had their 15 millions of stock.
Rumors-as accurate as Wall street rumors usually are- were flying
about- but by nightfall the truth was apparent -. Northern Pacific was
cornered. It was rumored that the broker who had bought 20 millions of
Northern Pacific on Monday had lent 12 ½ millions of it to short
sellers. That looked as if there were a lot of them-and little or no
stock available for them to buy. It was a desperate situation for the
'shorts' they had better buy Northern Pacific tomorrow regardless of
price if they were to get it all-EVEN IF IT MEANT THROWING OVERBOARD
OTHER STOCK TO GET THE CASH TO BUY IT WITH." It is this last key
thought that got me wondering. A hundred years ago there was no
internet. Who bought that OTHER STOCK that was thrown OVERBOARD and at
what prices? Allen's account continues: "On Wednesday Northern
Pacific opened at 155 gyrated even more senselessly than on the
preceding day, touched 180,and closed at 160 up 16 ½ points for the
day. MEANWHILE HOWEVER EVERYTHING ELSE WAS DROPPING. Men were selling
stock to raise the money to pay for Northern Pacific and their sales
were breaking the market. Where before the cry had only been 'Buy, buy
buy', it became 'Sell, sell, sell' The next day Thursday, May 9th,
1901 panic came in dead earnest making all that had gone before seem
as nothing. On that day Northern Pacific opened at 170 swung up to
200,seesawed down and up and then to the utter consternation of those
who in hundreds of banks and brokers' offices were watching the
ticker-tape chatter its news of disaster, pushed up to 320, to 650, to
700 and on one sale to 1,000. MEANWHILE THE PRICES OF OTHER
SECURITIES CASCADED AS IF THE BOTTOM WOULD NEVER BE REACHED. Money was
almost unobtainable and the interest rate in the call-loan market at
the Exchange had jumped to 75 per cent. In due course the treaty was
made. Morgan, who now controlled a bare majority of the common stock
of the Northern Pacific , was to be permitted to name the revised
directorate of the road. The preferred stock, of which the Harriman
forces held a majority, was to be retired. But Morgan had to give
places on the Northern Pacific board to Harriman and to his ally
William Rockefeller http://www.bartleby.com/65/ro/RockefelW.html and
Harriman also got a place on the Burlington board. " Whatever the
story may have been above, did x, y or z buy up who knows how many
companies dirt cheap on those days in May, the 'community of interest'
is certainly in existence today.
"The KorAm Bank board of directors consists of 13 members, including
six foreigners. Among the directors are Kim Byung-joo, president of
Carlyle Asia Investment Advisors Ltd., Timothy Ryan, Jr., managing
director of J.P.Morgan, and Peter J. Clare, managing director of
Carlyle Group."
http://www.hankooki.com/kt_biz/200103/t2001033016593843110.htm
http://www.nytimes.com/2001/03/05/politics/05CARL.html "Elder Bush in
Big G.O.P. Cast Toiling for Top Equity Firm
http://www.thecarlylegroup.com/md.html "SENIOR COUNSELOR James A.
Baker, III CHAIRMAN Frank C. Carlucci" Carlyle Group expects up to
US$800m for Asian venture fund September 7 2000 WASHINGTON-Carlyle
Group Inc, the private equity firm Carlyle, whose board members
include George HW Bush, John Major and Fidel Ramos
http://www.singapore.cnet.com/news/2000/09/07/20000907z.html
http://www.judicialwatch.org/press_release.asp?pr_id=978 "BUSH, SR.
SHOULD STOP WORKING FOR INTERNATIONAL EQUITY FIRM WHILE SON IS
PRESIDENT Conflict of Interest Could Cause Problems For America's
Foreign Policy in Middle East and Asia (Washington, D.C.) Judicial
Watch, the public interest law firm that investigates and prosecutes
government abuse and corruption, called on former President George
Herbert Walker Bush to resign immediately from the Carlyle Group, a
private investment firm, while his son President George W. Bush is in
office. the elder Bush is an "ambassador" for the $12 billion private
investment firm and last year traveled to the Middle East on its
behalf. The former president also helped the firm in South Korea. as
compensation, the elder Bush is allowed is allowed to buy a stake in
the Carlyle Group's investments, which include ownership in at least
164 companies throughout the world (thereby by giving the current
president an indirect benefit). James Baker, the former Secretary of
State who served as President George W. Bush's point man in Florida's
election dispute, is a partner in the firm. The firm also gave George
W. Bush help in the early 1990's when it placed him on one of its
subsidiary's board of directors. "This is simply inappropriate."
stated Larry Klayman, Judicial Watch Chairman and General Counsel.
"Questions are now bound to be raised if the recent Bush
Administration change in policy towards Iraq has the fingerprints of
the Carlyle Group, which is trying to gain investments from other Arab
countries who would presumably benefit from the new policy," stated
Judicial Watch President Tom Fitton."
http://www.caller.com/2001/march/12/today/contribu/20029.html The
senior Bush's unseemly job WASHINGTON - There is something
inappropriate about former President George Bush's international
activities on behalf of the Carlyle Group, a powerful private equity
firm made up of Washington insiders from three past presidential
administrations.. Bush, whose connection with the $12 billion
enterprise is made more questionable by the fact his son now occupies
the Oval Office, is not the only former world leader involved with the
group. Former British Prime Minister John Major and former Philippine
President Fidel Ramos, among others, use their considerable global
connections to peddle influence for Carlyle. It includes former
Secretary of State James Baker and Richard Darman, who headed the
Office of Management and Budget for the senior Bush. The managing
director and chairman is Frank Carlucci, defense secretary under
Ronald Reagan." http://www.upr.com/investor/97annrep/directors.shtml
Lynne V. Cheney wife Dick Cheney a member of the Board of Directors of
Union Pacific. http://www.ltvsteel.com/htmfiles/skinner.htm URL FOR
"THE GEORGE W. BUSH MONEY TREE"
http://www.examiner.com/000206/0206bush2.html (Texas Gov. George W )
"Bush fund-raising at-a-glance" "Several big givers are counted among
"Bush's Pioneers," fund-raisers who have brought in at least $100,000
for his presidential campaign. Others have interests before the
federal government. The list includes: Samuel Skinner, former chief
of staff for President Bush, $10,000.
http://www.ltvsteel.com/htmfiles/skinner.htm Re FORMER President
Bush's Chief of Staff "Samuel K. Skinner Director since 1993.
Partner and Co-Chairman of the law firm of Hopkins and Sutter. Former
President and a director of Commonwealth Edison Company. He was
previously Chief of Staff to the President of the United States. Prior
to his White House service, Mr. Skinner served as U.S. Secretary of
Transportation. He is also a director of ANTEC Corporation, Union
Pacific Resources Group Inc., Midwest Express Holdings, Inc.,
NAVIGANT Consulting, Inc. and U.S. Freightways Corp. Member of LTV's
Board Affairs and Audit Committees." PLEASE SEE ALSO: UNION PACIFIC
BOARD OF DIRECTORS
http://www.upr.com/investor/97annrep/directors.shtml "Lynne V. Cheney
Distinguished FellowAmerican Enterprise Institute Public policy
Research" "Samuel K. Skinner President, 1993 - 1998 Unicom Corporation
and Commonwealth Edison Electric utility" Cisco Systems Watered Stock
Pyramid Analysis ... Board of Directors and Audit ... note that Lynne
Cheney, wife of Dick Cheney, Lockheed board. Qwest., which company US
West Inc http://www.billparish.com/ciscopyramid.html
http://www.usatoday.com/news/e98/e2415.htm "Cheney as VP faces a
serious cut in pay" Lynne Cheney earned more than $300,000 last year
in retainers and stock compensation as a director at defense
contractor Lockheed-Martin, publisher Reader's Digest Association
energy services firm Union Pacific Resources Group and AmEx/IDS, the
mutual fund arm of financial services behemoth American Express-Lynne
Cheney, a senior fellow at the American Enterprise Institute, a
Washington think tank, didn't return calls. Her board seat at Union
Pacific Resources Group ended this month after a merger with Anadarko
Petroleum Combined with Dick Cheney's directorships at consumer
products giant Procter and Gamble, Union Pacific railroad and
Electronic Data Systems, few power couples share as many
directorships." http://www.qwest.com/about/inside/board_anschutz.html
"Philip F.
Anschutz Chairman of the Board Philip F. Anschutz has been a
Director and the Chairman of the Board of Qwest since February 1997.
He was a Director and Chairman of the Board of QCC from November 1993
until September 1997. He has been a Director and Chairman of the
Board of Anschutz Company, Qwest's principal stockholder, for more
than five years, and a Director and Chairman of the Board of The
Anschutz Corporation, a wholly owned subsidiary of Anschutz Company,
for more than five years. Since the merger of Southern Pacific Rail
Corporation (. . SPRC. . ) and Union Pacific Corporation (. . UP. . )
in September 1996, Mr. Anschutz has served as Vice-Chairman of UP.
Prior to the merger, Mr. Anschutz was a Director of SPRC from June
1988 to September 1996 and Non-Executive Chairman of SPRC from 1993 to
September 1996. He also has been a Director of Forest Oil Corporation
since 1995." http://www.barnburners.com/anschultz1.html "Philip
Anschutz, 55, is also the owner of the MLS Colorado Rapids and the
National Hockey League's Los Angeles Kings. His main business is The
Anschutz Corporation, Denver, Colorado. The company's major business
interests are in the fields of natural resources, railroads, real
estate, and communications. Mr. Anschutz is a native of Kansas, having
been born in Russell, and graduated from the University of Kansas with
a degree in business. He started The Anschutz Corporation in 1965. He
is currently serving as chairman of the board of Southern Pacific Rail
Corporation; is on the boards of the American Petroleum Institute,
Washington, D.C.; the National Petroleum Institute Council,
Washington, D.C"
http://www.forbes.com/tool/toolbox/billnew/richmain98.asp?value2=9040
"Philip F. Anschutz Net Worth $8.8 billion."
http://205.180.59.50/news/state/reports/staplescenter/anschutz.htm "a
worth of $16.5 billion, as Forbes says Anschutz does," "Part of
Anschutz's vision for the growth of Qwest is pure genius. Not only
has he laid the cable on his railroad rights-of-way, he has also laid
miles of open pipe alongside, so that when other communications
companies run out of capacity, Qwest will be ready to serve. At a
steep price, of course."
http://infinity.ccsi.com/~comcause/news/dolead.html. Philip Anschutz,
a billionaire Denver oilman who serves on Dole's campaign finance
committee, hadn't given heavily to the RNC in recent years. But in
April, after Anschutz and his wife reached their individual
contribution limits for Dole's presidential campaign, his company,
Anschutz Corp., gave the RNC $250,000."
http://publicintegrity.org/buying_updates.html List of top 10 Dole
contributors -includes Anschutz
http://www.ccsi.com/~comcause/news/rncdonor.html TWENTY-ONE WEALTHY
SOFT MONEY DONORS GAVE $100,000 OR MORE EACH TO RNC
http://www.unionpacific.com/sharehld/directors.htm "Union Pacific
-Directors - Philip F. Anschutz Chairman"
http://www.uprr.com/uprr/ffh/history/sig-indv.shtml "Edward Henry
Harriman 1848-1909 Railroad magnate, former president of the
Illinois Central and president of the Union Pacific from 1904-1909. In
1897, Harriman, as part of an investment group., bought the bankrupt
UP for $110 million dollars. Soon he set about improving the line,
spending over $240 million, and creating a railroad empire. Known for
possessing a vision of the new order toward which railroads were
evolving, Harriman embraced gigantic undertakings and served as a
catalyst in changing how railroads were run, specifically promoting
consolidation and acquiring rival companies. One scholar writes of
Harriman, "If they would not sell the colt, Harriman would buy the
mare." "Averell Harriman 1892-1986 Son of E.H. Harriman chairmanship
of Union Pacific (1920-1946)"
http://www.caller.com/2001/march/12/today/contribu/20029.htm J.P.
Morgan and Chase are now one. "Over the course of a company's history,
few events truly are pivotal. This company witnessed just such an
event in 2000, when J.P. Morgan and Chase Manhattan merged. The new
company, J.P. Morgan Chase and Co.
http://www.jpmorganchase.com/chase/gx.cgi/Applogic+FTContentServer?p
agename=Chase/Hrefandurlname=jpmchase
http://www.konformist.com/2000/chase.htm "Chase Manhattan Banks'
Right-wing Relationship" Daily Deal - Koram deal to be Carlyle's
biggest investment . The $410 million that Carlyle and Morgan have
agreed to pump into KorAm depositary receipts follows a $40 million
investment the pair completed on June 30
http://www.thedailydeal.com/topstories/A28290-2000Sep7.html Asia Times
Online official said Saturday that KorAm recently asked for government
approval for JP Morgan and Carlyle forming a consortium to buy 35
percent of the bank for 500
http://www.atimes.com/bizasia/BF13Aa01.html The Wall Street Journal of
December 1st, 2000 page one states: " 'Madame Butterfly' Theresa Le
Pore wasn't always an embattled Palm Beach ballots chief. In the 1980s
she moonlighted as a flight attendant on private planes owned by Saudi
weapons dealer Adnan Khashoggi, a middleman in Reagan administration
arms sales to Iran." Theresa Le Pore designed the infamous Butterfly
Ballot in Palm Beach Florida. The Plot Thickens as they say, or does
it, time will tell. Pamela Harriman was married to Randolph Churchill
before she married Averell Harriman. Averell Harriman was the partner
in Brown Brothers, Harriman, with Prescott Bush, the father of former
President Bush, and with George Herbert Walker, former President
Bush's grandfather. The W in George W. Bush stands for Walker.
Pamela's son was named after his grandfather, Winston Churchill.
Pamela's son ,Winston's alleged former mistress was Soraya Khashoggi,
who was the former wife of arms dealer Adnan Khashoggi. Small world
isn't it. Khashoggi was also allegedly deeply involved with former
President Bush in the Iran-Contra Affair. "The Churchill Society
London ... Mr Churchill, whose former mistress Soraya Khashoggi, the
former wife of arms dealer Adnan
http://www.churchill-society-london.org.uk/wscminor.html "THE TIMES
NEWSPAPER 19th February 1997 By Andrew Pierce and Tom Rhodes
WINSTON CHURCHILL who spent most of his life living in the shadow of
his glamorous mother Pamela Harriman, was left $10 million (6.2
million pounds) in her will it was disclosed yesterday." Source of
Material in first section directly below-The Secret War Against the
Jews By John Loftus With Mark Aarons The real story of George Bush
starts well before he launched his own career. It goes back to the
1920s, when the Dulles brothers and the other pirates of Wall Street
were first making their deals with he Nazis. To understand Bush's
role as a senior official of the Republican Party, as head of the CIA,
as US vice president and then ultimately in White House it is
important to trace the Bush Family s right back to the beginning of
the secret espionage war against the Jews. George Bush's problems
were inherited from his namesake and maternal grandfather, George
Herbert "Bert" Walker, (Note the W. in George W. Bush stands for
Walker, George W. Bush is named for George Herbert "Bert"Walker, as is
his father, the former US President George Herbert Walker Bush.) a
native of St. Louis, who founded the banking and investment firm of
G.H.Walker and Company in 1900.Later the company shifted from St.Louis
to the prestigious address of 1 Wall Street." Grandfather
Walker" came from a devout Catholic family. Walker was one of
Hitler's most powerful financial supporters in the United States. The
relationship went all the way back to 1924, when Fritz Thyssen, the
German industrialist, was financing Hitler's infant Nazi party. Some
Americans made their connections to Germany through Allen Dulles's
firm of Sullivan and Cromwell because they supported fascism. The
Dulles brothers arranged American investments in Nazi Germany in the
1930s to ensure that their clients did well out of the German economic
recovery. "Dulles clearly emphasized projects for Germany and for
Mussolini's fascist state. All told, these and more than a dozen
similar transactions had a combined value in excess of a billion
dollars. Sullivan and Cromwell was not the only firm engaged in
funding Germany. According to THE SPLENDID BLOND BEAST, Christopher
Simpson's seminal history of the politics of genocide and profit,
Brown Brothers, Harriman was another bank that specialized in
investments in Germany. The key figure in the firm was Averill
Harriman, some of his allies who also served on the firm's board
included Robert Lovett, who worked closely with James Forrestal to
lead the State Department's revolt against Truman's pro-Zionist
policy during the UN debate on the partition of Palestine, and George
Bush's father Prescott, who later became a US Senator. The firm
originally was known as W.A. Harriman and Company. The link between
Harriman and Company's American investors and Thyssen started in the
1920s,through the Union Banking Corporation, which began trading in
1924. In just 1 three year period the Harriman firm sold more than $50
million of German bonds to American investors. In 1926 Bert Walker
made Prescott (Bush) vice president of W.A. Harriman.Walker's
specialty was companies that traded with Germany. As Thyssen and the
other German industrialists consolidated Hitler's political power in
the 1930s,an American financial connection was needed. Union Banking
became an out and out Nazi money laundering machine. (Prescott) Bush
specialized in British investors in Nazi Germany, while Walker
handled the Americans. Walker also set up a deal to take over the
North American operations of the Hamburg-Amerika line, a cover for
I.G. Farben's Nazi espionage unit in the United States. The shipping
line smuggled in German agents, propaganda, and money for bribing
American politicians to see things Hitler's way. The holding company
was Walker's American Shipping and Commerce, which shared the offices
at 39 Broadway with Union Banking. Harrimnan and Company merged to
become Brown Brothers, Harriman, Prescott Bush became one of the
senior partners of the new company, which relocated to 59 Broadway,
while Union Banking remained at 39 Broadway. In 1934 Walker arranged
to put his son-in-law (Note Prescott Bush, father of former President
Bush is the son-in-law referred to.) on the board of directors of
Union Banking. Harriman's stock in American Shipping and Commerce was
controlled by yet another holding company, the Harriman Fifteen
Corporation, run out of Walker's office. The directors of this
company were Averill Harriman, Bert Walker and Prescott Bush. A 1934
Congressional investigation alleged that Walker's 'Hamburg-Amerika
Line subsidized wide range of pro-Nazi propaganda efforts both in
Germany and the United States'. Standard Oil of New Jersey had
completed a major stock transaction with Dulles's Nazi client I.G.
Farben. By the end of January 1937 Dulles had merged all his cloaking
activities into one client account: 'Brown Brothers Harriman-Schroeder
Rock'. Schroeder of course, was the Nazi bank on whose board Dulles
sat. The 'Rock' were the Rockefellers of Standard Oil, who were
already coming under scrutiny for their Nazi deals. The US Government
charged (former President Bush's ) father (Prescott Bush) with running
Nazi front groups in the United States Under the Trading with the
Enemy Act all the shares of the Union Banking Corporation were seized,
including those held by Prescott Bush as being in effect held for
enemy nationals. Union Banking, of course, was an affiliate of Brown
Brothers, Harriman, and Bush handled the Harrimans' investments as
well. Once the government had its hands on Bush's books the whole
story of the intricate web of Nazi front organizations began to
unravel. A few days later 2 of Union Banking's subsidiaries Holland
American Trading Corporation and the Seamless Steel Equipment
Corporation-also were seized. The government went after the Harriman
Fifteen Corporation, which Bush shared with his father-in-law Bert
Walker, the Hamburg-Amerika line, and the Silesian-American
Corporation. The US Government found that huge sections of Prescott
Bush's empire had been operated on behalf of Nazi Germany and had
greatly assisted the German war effort." End Part One
it is a one-two punch.
The first punch came in March of 2000. That's when Dubya knocked
McCain out of the running for the
Republican Presidential nomination in the South Carolina Republican
Presidential Primary.
Stock market investors follow an old maxim: "Buy Low-Sell High". On
January 20th, 1981 the Federal Budget Deficit was ONE TRILLION
DOLLARS. Twelve years later after 8 years of Reagan-Bush and
4 years of Bush-Quayle the Federal Budget Deficit was FIVE TRILLION
DOLLARS. With Bush the sure Republican nominee as of March 2000
investors realized that a Bush win would mean DejaVu all over again.
More budget deficits would loom. Bush lost the election but stole the
White House. The worried investors who started selling in March of
2000, when Bush locked up the Republican nomination are still selling
and there is NO BOTTOM TO THE STOCK MARKET!
"Since the peak in the Wilshire 5000 Index in the spring of 2000,
stocks have lost $4.4 trillion in value."
http://www.cnn.com/TRANSCRIPTS/0108/30/mlld.00.html
That's quite a number ! " STOCKS HAVE LOST $4.4 TRILLION IN VALUE!"
The reason for this is simple. When government cuts taxes and
increases spending, or proposes to
increase it, for things like Star Wars, which is an open-ended
expense, (you could spend all of the money that exists on earth and
still not have a reliable Star Wars missile defense system!)
government ends up living on the equivalent of a credit card.
Government starts to borrow money. If government competes with private
borrowers for a limited supply of money the price of money goes up.
That means that even though the Federal Reserve has cut interest rates
this year it will have to raise them, dramatically, as Government goes
into deficit spending! When that happens your c.d. rates will far
exceed your rate of return on stocks. Anticipating this scenario
investors started selling in March of 2000 the minute Bush knocked
McCain out of the running for the Republican Presidential nomination
in the South Carolina primary. They have not stopped selling since.
Investors will keep on selling as long as Bush-Cheney are in power.
Only a deficit hawk like Al Gore, who won the election in November but
was not permitted to take office because of the Bush-Cheney coup can
return investor confidence to America. Remember the "lockbox" that Al
Gore talked about during the 2000 campaign? Well Bush has busted open
the lockbox! "The CBO forecasts that the government will tap $9
billion in Social Security reserves this year because Bush's tax cut
and the general economic slowdown have shrunk the surplus in general
revenues." http://dailynews.yahoo.com/h/ap/20010829/pl/bush_73.html
When that happens, Baby Boomers, who are the biggest potential
spenders, or savers, in the economy get
Worried. Worried Baby Boomers Don't Buy Anything ! Drive down any
American road and you will
See Baby Boomers behind the wheels of Big SUVs! They buy those things
because they are security conscious. Raiding Social Security Worries
Baby Boomers! This is the 2nd barrel of Dubya's Double-Barreled
Depression! Worrying the Baby Boomers into buying nothing and
delivering the coup de grace
to the economy. If Social Security won't be there because Dubya is
raiding it right now, Baby Boomers reason, it is time to stop buying
everything! Baby Boomers are approaching retirement soon. So all
purchases by Baby Boomers are Out until Dubya is Out of the White
House! Of course this gang is used to Depressions. Consider the
following if you will: THE HUNDRED YEARS AGO WAR-OR WAS IT?
It was the 12th of December, 1900 and the man who came to dinner was
Charles M. Schwab, http://www.mcall.com/html/potc/4277.htm president
of Andrew Carnegie's
http://www.pbs.org/wgbh/amex/carnegie/index.html steel company. John
Pierpont Morgan,
http://www.britannica.com/eb/article?eu=55073 "the leader of the
financial forces of the day, sat at Schwab's right hand. Schwab was
the after-dinner speaker who convinced Morgan that night "that the
time had come to organize the United States Steel Corporation".
"Morgan's intuition told him Schwab was right. Morgan called John W.
Gates http://www.co.dupage.il.us/heritage/yps/gates.html to ask how
to approach Carnegie. "Through Schwab", Gates instructed him; Schwab
was Carnegie's white-headed boy, the one man who had real influence
with the old Scotchman. The size of the steel trust that emerged
shocked many. "President Hadley of Yale,
http://www.bartleby.com/65/ha/HadleyA.html in an address shortly after
the Morgan announcement, said that if trusts were not 'regulated by
public sentiment' the country could
expect 'an emperor in Washington within twenty-five years.' Morgan,
Carnegie and Schwab were not the only players in the financial world
in those days of course. "Edward Henry Harriman
http://www.infoplease.com/ce6/people/A0822804.html had the aid of
wealthy and influential friends in his early career. His father was an
Episcopal clergyman. Edward Henry left school at 14 to become a
messenger for a firm of stockbrokers in Wall Street.. Harriman was
also a man of Napoleonic ambition: An ambition which in the spring of
1901 was to push him into shattering conflict with the forces of
Pierpont Morgan." (Or so the story was told in the Lords of Creation
by Frederick Lewis Allen, Harper and Brothers
Publishers, New York and London 1935.) But was this "shattering
conflict" all a sham? Was the Hundred Years Ago War really a war at
all? We take up our story again here: "Harriman's Union Pacific ran
from Omaha to Ogden, Utah connecting there with railroads extending to
the Coast. Considerably north of it was the Northern Pacific which
ran from St. Paul and Duluth through North Dakota and Montana to the
Coast. Still farther north was James J. Hill's
http://www.railserve.com/JJHill.html Great Northern, hard against the
Canadian border. The Northern Pacific and the Great Northern served
virtually the same regions, Morgan had tried to combine them a few
years earlier but the laws forbidding alliances between directly
competing roads had prevented any such formal association. Both
roads however did their banking with the House of Morgan. Both
Harriman and Morgan 'cast longing eyes upon another railroad to the
east. This was the Chicago, Burlington and Quincy, popularly known as
the Burlington. It had a network of lines running through Illinois,
Iowa, Missouri, and Nebraska. It connected with several other roads to
the south and east, and better yet, it ran into Chicago. Both groups
therefore set about trying to purchase the Burlington.'"(Again, so the
story is told, in THE LORDS OF CREATION, but was something deeper
being planned beneath the surface of all of this?) "During the early
months of 1901 (Hill) succeeded in inducing the directors of the
Burlington to sell. In April the deal was approved by the Burlington
stockholders. Morgan and Hill had possession of the road. Harriman was
beaten but his ambition was
overwhelming as Judge Lovett
http://www.tsha.utexas.edu/handbook/online/articles/print/BB/jyb1.html
http://www.employees.org/~davison/nprha/tteusra2.html
http://www.newsmakingnews.com/lmnebraskaconnection.htm said of him
later 'when he started upon a course nobody could swerve him from it'.
Obviously he could not do it directly; so he decided to
do it indirectly, by buying the Northern Pacific, Morgan's and Hill's
own road right out from under their very noses. He would do this not
by arrangement with the board of directors, or by private negotiation
with the large holders of stock, but in the open market on the New
York Stock Exchange. It is said that this project was proposed to
Harriman by John W. Sterling,
http://www.library.yale.edu/renovaxn/history.html the eccentric and
secretive corporation lawyer who was the constant intimate of James
Stillman, whose National City Bank could draw upon the vast hoards of
the Standard Oil men."For more on Stillman please read: The Portrait
of a Banker, James Stillman / by Anna R. Burr ISBN: 0405069502 Ayer
Company Publishers, Incorporated 08/01/1975 Please see also
http://www.scottwinslow.com/Live/w100/w61-80.htm "Harriman was now
working hand in glove with Stillman and the Standard Oil millionaires.
On Monday morning May 6th, 1901 brokers began purchasing for the
Morgan-Hill forces in quantity. The leap in Northern Pacific
stimulated speculation in other securities. On Tuesday May 7th, 1901
the drama was further advanced. The inevitable was approaching. The
Morgan forces were still buying; and as some of he speculators who had
sold short began to guess their predicament and sought to buy to cover
their sales, the price of Northern Pacific zigzagged crazily upward,
touching 149 ¾ and closing at 143 ½ up 16 more points for the day. At
the close of the market the Morgan
purchases ceased: Morgan and Hill now had their 15 millions of stock.
Rumors-as accurate as Wall street rumors usually are- were flying
about- but by nightfall the truth was apparent -. Northern Pacific was
cornered. It was rumored that the broker who had bought 20 millions of
Northern Pacific on Monday had lent 12 ½ millions of it to short
sellers. That looked as if there were a lot of them-and little or no
stock available for them to buy. It was a desperate situation for the
'shorts' they had better buy Northern Pacific tomorrow regardless of
price if they were to get it all-EVEN IF IT MEANT THROWING OVERBOARD
OTHER STOCK TO GET THE CASH TO BUY IT WITH." It is this last key
thought that got me wondering. A hundred years ago there was no
internet. Who bought that OTHER STOCK that was thrown OVERBOARD and at
what prices? Allen's account continues: "On Wednesday Northern
Pacific opened at 155 gyrated even more senselessly than on the
preceding day, touched 180,and closed at 160 up 16 ½ points for the
day. MEANWHILE HOWEVER EVERYTHING ELSE WAS DROPPING. Men were selling
stock to raise the money to pay for Northern Pacific and their sales
were breaking the market. Where before the cry had only been 'Buy, buy
buy', it became 'Sell, sell, sell' The next day Thursday, May 9th,
1901 panic came in dead earnest making all that had gone before seem
as nothing. On that day Northern Pacific opened at 170 swung up to
200,seesawed down and up and then to the utter consternation of those
who in hundreds of banks and brokers' offices were watching the
ticker-tape chatter its news of disaster, pushed up to 320, to 650, to
700 and on one sale to 1,000. MEANWHILE THE PRICES OF OTHER
SECURITIES CASCADED AS IF THE BOTTOM WOULD NEVER BE REACHED. Money was
almost unobtainable and the interest rate in the call-loan market at
the Exchange had jumped to 75 per cent. In due course the treaty was
made. Morgan, who now controlled a bare majority of the common stock
of the Northern Pacific , was to be permitted to name the revised
directorate of the road. The preferred stock, of which the Harriman
forces held a majority, was to be retired. But Morgan had to give
places on the Northern Pacific board to Harriman and to his ally
William Rockefeller http://www.bartleby.com/65/ro/RockefelW.html and
Harriman also got a place on the Burlington board. " Whatever the
story may have been above, did x, y or z buy up who knows how many
companies dirt cheap on those days in May, the 'community of interest'
is certainly in existence today.
"The KorAm Bank board of directors consists of 13 members, including
six foreigners. Among the directors are Kim Byung-joo, president of
Carlyle Asia Investment Advisors Ltd., Timothy Ryan, Jr., managing
director of J.P.Morgan, and Peter J. Clare, managing director of
Carlyle Group."
http://www.hankooki.com/kt_biz/200103/t2001033016593843110.htm
http://www.nytimes.com/2001/03/05/politics/05CARL.html "Elder Bush in
Big G.O.P. Cast Toiling for Top Equity Firm
http://www.thecarlylegroup.com/md.html "SENIOR COUNSELOR James A.
Baker, III CHAIRMAN Frank C. Carlucci" Carlyle Group expects up to
US$800m for Asian venture fund September 7 2000 WASHINGTON-Carlyle
Group Inc, the private equity firm Carlyle, whose board members
include George HW Bush, John Major and Fidel Ramos
http://www.singapore.cnet.com/news/2000/09/07/20000907z.html
http://www.judicialwatch.org/press_release.asp?pr_id=978 "BUSH, SR.
SHOULD STOP WORKING FOR INTERNATIONAL EQUITY FIRM WHILE SON IS
PRESIDENT Conflict of Interest Could Cause Problems For America's
Foreign Policy in Middle East and Asia (Washington, D.C.) Judicial
Watch, the public interest law firm that investigates and prosecutes
government abuse and corruption, called on former President George
Herbert Walker Bush to resign immediately from the Carlyle Group, a
private investment firm, while his son President George W. Bush is in
office. the elder Bush is an "ambassador" for the $12 billion private
investment firm and last year traveled to the Middle East on its
behalf. The former president also helped the firm in South Korea. as
compensation, the elder Bush is allowed is allowed to buy a stake in
the Carlyle Group's investments, which include ownership in at least
164 companies throughout the world (thereby by giving the current
president an indirect benefit). James Baker, the former Secretary of
State who served as President George W. Bush's point man in Florida's
election dispute, is a partner in the firm. The firm also gave George
W. Bush help in the early 1990's when it placed him on one of its
subsidiary's board of directors. "This is simply inappropriate."
stated Larry Klayman, Judicial Watch Chairman and General Counsel.
"Questions are now bound to be raised if the recent Bush
Administration change in policy towards Iraq has the fingerprints of
the Carlyle Group, which is trying to gain investments from other Arab
countries who would presumably benefit from the new policy," stated
Judicial Watch President Tom Fitton."
http://www.caller.com/2001/march/12/today/contribu/20029.html The
senior Bush's unseemly job WASHINGTON - There is something
inappropriate about former President George Bush's international
activities on behalf of the Carlyle Group, a powerful private equity
firm made up of Washington insiders from three past presidential
administrations.. Bush, whose connection with the $12 billion
enterprise is made more questionable by the fact his son now occupies
the Oval Office, is not the only former world leader involved with the
group. Former British Prime Minister John Major and former Philippine
President Fidel Ramos, among others, use their considerable global
connections to peddle influence for Carlyle. It includes former
Secretary of State James Baker and Richard Darman, who headed the
Office of Management and Budget for the senior Bush. The managing
director and chairman is Frank Carlucci, defense secretary under
Ronald Reagan." http://www.upr.com/investor/97annrep/directors.shtml
Lynne V. Cheney wife Dick Cheney a member of the Board of Directors of
Union Pacific. http://www.ltvsteel.com/htmfiles/skinner.htm URL FOR
"THE GEORGE W. BUSH MONEY TREE"
http://www.examiner.com/000206/0206bush2.html (Texas Gov. George W )
"Bush fund-raising at-a-glance" "Several big givers are counted among
"Bush's Pioneers," fund-raisers who have brought in at least $100,000
for his presidential campaign. Others have interests before the
federal government. The list includes: Samuel Skinner, former chief
of staff for President Bush, $10,000.
http://www.ltvsteel.com/htmfiles/skinner.htm Re FORMER President
Bush's Chief of Staff "Samuel K. Skinner Director since 1993.
Partner and Co-Chairman of the law firm of Hopkins and Sutter. Former
President and a director of Commonwealth Edison Company. He was
previously Chief of Staff to the President of the United States. Prior
to his White House service, Mr. Skinner served as U.S. Secretary of
Transportation. He is also a director of ANTEC Corporation, Union
Pacific Resources Group Inc., Midwest Express Holdings, Inc.,
NAVIGANT Consulting, Inc. and U.S. Freightways Corp. Member of LTV's
Board Affairs and Audit Committees." PLEASE SEE ALSO: UNION PACIFIC
BOARD OF DIRECTORS
http://www.upr.com/investor/97annrep/directors.shtml "Lynne V. Cheney
Distinguished FellowAmerican Enterprise Institute Public policy
Research" "Samuel K. Skinner President, 1993 - 1998 Unicom Corporation
and Commonwealth Edison Electric utility" Cisco Systems Watered Stock
Pyramid Analysis ... Board of Directors and Audit ... note that Lynne
Cheney, wife of Dick Cheney, Lockheed board. Qwest., which company US
West Inc http://www.billparish.com/ciscopyramid.html
http://www.usatoday.com/news/e98/e2415.htm "Cheney as VP faces a
serious cut in pay" Lynne Cheney earned more than $300,000 last year
in retainers and stock compensation as a director at defense
contractor Lockheed-Martin, publisher Reader's Digest Association
energy services firm Union Pacific Resources Group and AmEx/IDS, the
mutual fund arm of financial services behemoth American Express-Lynne
Cheney, a senior fellow at the American Enterprise Institute, a
Washington think tank, didn't return calls. Her board seat at Union
Pacific Resources Group ended this month after a merger with Anadarko
Petroleum Combined with Dick Cheney's directorships at consumer
products giant Procter and Gamble, Union Pacific railroad and
Electronic Data Systems, few power couples share as many
directorships." http://www.qwest.com/about/inside/board_anschutz.html
"Philip F.
Anschutz Chairman of the Board Philip F. Anschutz has been a
Director and the Chairman of the Board of Qwest since February 1997.
He was a Director and Chairman of the Board of QCC from November 1993
until September 1997. He has been a Director and Chairman of the
Board of Anschutz Company, Qwest's principal stockholder, for more
than five years, and a Director and Chairman of the Board of The
Anschutz Corporation, a wholly owned subsidiary of Anschutz Company,
for more than five years. Since the merger of Southern Pacific Rail
Corporation (. . SPRC. . ) and Union Pacific Corporation (. . UP. . )
in September 1996, Mr. Anschutz has served as Vice-Chairman of UP.
Prior to the merger, Mr. Anschutz was a Director of SPRC from June
1988 to September 1996 and Non-Executive Chairman of SPRC from 1993 to
September 1996. He also has been a Director of Forest Oil Corporation
since 1995." http://www.barnburners.com/anschultz1.html "Philip
Anschutz, 55, is also the owner of the MLS Colorado Rapids and the
National Hockey League's Los Angeles Kings. His main business is The
Anschutz Corporation, Denver, Colorado. The company's major business
interests are in the fields of natural resources, railroads, real
estate, and communications. Mr. Anschutz is a native of Kansas, having
been born in Russell, and graduated from the University of Kansas with
a degree in business. He started The Anschutz Corporation in 1965. He
is currently serving as chairman of the board of Southern Pacific Rail
Corporation; is on the boards of the American Petroleum Institute,
Washington, D.C.; the National Petroleum Institute Council,
Washington, D.C"
http://www.forbes.com/tool/toolbox/billnew/richmain98.asp?value2=9040
"Philip F. Anschutz Net Worth $8.8 billion."
http://205.180.59.50/news/state/reports/staplescenter/anschutz.htm "a
worth of $16.5 billion, as Forbes says Anschutz does," "Part of
Anschutz's vision for the growth of Qwest is pure genius. Not only
has he laid the cable on his railroad rights-of-way, he has also laid
miles of open pipe alongside, so that when other communications
companies run out of capacity, Qwest will be ready to serve. At a
steep price, of course."
http://infinity.ccsi.com/~comcause/news/dolead.html. Philip Anschutz,
a billionaire Denver oilman who serves on Dole's campaign finance
committee, hadn't given heavily to the RNC in recent years. But in
April, after Anschutz and his wife reached their individual
contribution limits for Dole's presidential campaign, his company,
Anschutz Corp., gave the RNC $250,000."
http://publicintegrity.org/buying_updates.html List of top 10 Dole
contributors -includes Anschutz
http://www.ccsi.com/~comcause/news/rncdonor.html TWENTY-ONE WEALTHY
SOFT MONEY DONORS GAVE $100,000 OR MORE EACH TO RNC
http://www.unionpacific.com/sharehld/directors.htm "Union Pacific
-Directors - Philip F. Anschutz Chairman"
http://www.uprr.com/uprr/ffh/history/sig-indv.shtml "Edward Henry
Harriman 1848-1909 Railroad magnate, former president of the
Illinois Central and president of the Union Pacific from 1904-1909. In
1897, Harriman, as part of an investment group., bought the bankrupt
UP for $110 million dollars. Soon he set about improving the line,
spending over $240 million, and creating a railroad empire. Known for
possessing a vision of the new order toward which railroads were
evolving, Harriman embraced gigantic undertakings and served as a
catalyst in changing how railroads were run, specifically promoting
consolidation and acquiring rival companies. One scholar writes of
Harriman, "If they would not sell the colt, Harriman would buy the
mare." "Averell Harriman 1892-1986 Son of E.H. Harriman chairmanship
of Union Pacific (1920-1946)"
http://www.caller.com/2001/march/12/today/contribu/20029.htm J.P.
Morgan and Chase are now one. "Over the course of a company's history,
few events truly are pivotal. This company witnessed just such an
event in 2000, when J.P. Morgan and Chase Manhattan merged. The new
company, J.P. Morgan Chase and Co.
http://www.jpmorganchase.com/chase/gx.cgi/Applogic+FTContentServer?p
agename=Chase/Hrefandurlname=jpmchase
http://www.konformist.com/2000/chase.htm "Chase Manhattan Banks'
Right-wing Relationship" Daily Deal - Koram deal to be Carlyle's
biggest investment . The $410 million that Carlyle and Morgan have
agreed to pump into KorAm depositary receipts follows a $40 million
investment the pair completed on June 30
http://www.thedailydeal.com/topstories/A28290-2000Sep7.html Asia Times
Online official said Saturday that KorAm recently asked for government
approval for JP Morgan and Carlyle forming a consortium to buy 35
percent of the bank for 500
http://www.atimes.com/bizasia/BF13Aa01.html The Wall Street Journal of
December 1st, 2000 page one states: " 'Madame Butterfly' Theresa Le
Pore wasn't always an embattled Palm Beach ballots chief. In the 1980s
she moonlighted as a flight attendant on private planes owned by Saudi
weapons dealer Adnan Khashoggi, a middleman in Reagan administration
arms sales to Iran." Theresa Le Pore designed the infamous Butterfly
Ballot in Palm Beach Florida. The Plot Thickens as they say, or does
it, time will tell. Pamela Harriman was married to Randolph Churchill
before she married Averell Harriman. Averell Harriman was the partner
in Brown Brothers, Harriman, with Prescott Bush, the father of former
President Bush, and with George Herbert Walker, former President
Bush's grandfather. The W in George W. Bush stands for Walker.
Pamela's son was named after his grandfather, Winston Churchill.
Pamela's son ,Winston's alleged former mistress was Soraya Khashoggi,
who was the former wife of arms dealer Adnan Khashoggi. Small world
isn't it. Khashoggi was also allegedly deeply involved with former
President Bush in the Iran-Contra Affair. "The Churchill Society
London ... Mr Churchill, whose former mistress Soraya Khashoggi, the
former wife of arms dealer Adnan
http://www.churchill-society-london.org.uk/wscminor.html "THE TIMES
NEWSPAPER 19th February 1997 By Andrew Pierce and Tom Rhodes
WINSTON CHURCHILL who spent most of his life living in the shadow of
his glamorous mother Pamela Harriman, was left $10 million (6.2
million pounds) in her will it was disclosed yesterday." Source of
Material in first section directly below-The Secret War Against the
Jews By John Loftus With Mark Aarons The real story of George Bush
starts well before he launched his own career. It goes back to the
1920s, when the Dulles brothers and the other pirates of Wall Street
were first making their deals with he Nazis. To understand Bush's
role as a senior official of the Republican Party, as head of the CIA,
as US vice president and then ultimately in White House it is
important to trace the Bush Family s right back to the beginning of
the secret espionage war against the Jews. George Bush's problems
were inherited from his namesake and maternal grandfather, George
Herbert "Bert" Walker, (Note the W. in George W. Bush stands for
Walker, George W. Bush is named for George Herbert "Bert"Walker, as is
his father, the former US President George Herbert Walker Bush.) a
native of St. Louis, who founded the banking and investment firm of
G.H.Walker and Company in 1900.Later the company shifted from St.Louis
to the prestigious address of 1 Wall Street." Grandfather
Walker" came from a devout Catholic family. Walker was one of
Hitler's most powerful financial supporters in the United States. The
relationship went all the way back to 1924, when Fritz Thyssen, the
German industrialist, was financing Hitler's infant Nazi party. Some
Americans made their connections to Germany through Allen Dulles's
firm of Sullivan and Cromwell because they supported fascism. The
Dulles brothers arranged American investments in Nazi Germany in the
1930s to ensure that their clients did well out of the German economic
recovery. "Dulles clearly emphasized projects for Germany and for
Mussolini's fascist state. All told, these and more than a dozen
similar transactions had a combined value in excess of a billion
dollars. Sullivan and Cromwell was not the only firm engaged in
funding Germany. According to THE SPLENDID BLOND BEAST, Christopher
Simpson's seminal history of the politics of genocide and profit,
Brown Brothers, Harriman was another bank that specialized in
investments in Germany. The key figure in the firm was Averill
Harriman, some of his allies who also served on the firm's board
included Robert Lovett, who worked closely with James Forrestal to
lead the State Department's revolt against Truman's pro-Zionist
policy during the UN debate on the partition of Palestine, and George
Bush's father Prescott, who later became a US Senator. The firm
originally was known as W.A. Harriman and Company. The link between
Harriman and Company's American investors and Thyssen started in the
1920s,through the Union Banking Corporation, which began trading in
1924. In just 1 three year period the Harriman firm sold more than $50
million of German bonds to American investors. In 1926 Bert Walker
made Prescott (Bush) vice president of W.A. Harriman.Walker's
specialty was companies that traded with Germany. As Thyssen and the
other German industrialists consolidated Hitler's political power in
the 1930s,an American financial connection was needed. Union Banking
became an out and out Nazi money laundering machine. (Prescott) Bush
specialized in British investors in Nazi Germany, while Walker
handled the Americans. Walker also set up a deal to take over the
North American operations of the Hamburg-Amerika line, a cover for
I.G. Farben's Nazi espionage unit in the United States. The shipping
line smuggled in German agents, propaganda, and money for bribing
American politicians to see things Hitler's way. The holding company
was Walker's American Shipping and Commerce, which shared the offices
at 39 Broadway with Union Banking. Harrimnan and Company merged to
become Brown Brothers, Harriman, Prescott Bush became one of the
senior partners of the new company, which relocated to 59 Broadway,
while Union Banking remained at 39 Broadway. In 1934 Walker arranged
to put his son-in-law (Note Prescott Bush, father of former President
Bush is the son-in-law referred to.) on the board of directors of
Union Banking. Harriman's stock in American Shipping and Commerce was
controlled by yet another holding company, the Harriman Fifteen
Corporation, run out of Walker's office. The directors of this
company were Averill Harriman, Bert Walker and Prescott Bush. A 1934
Congressional investigation alleged that Walker's 'Hamburg-Amerika
Line subsidized wide range of pro-Nazi propaganda efforts both in
Germany and the United States'. Standard Oil of New Jersey had
completed a major stock transaction with Dulles's Nazi client I.G.
Farben. By the end of January 1937 Dulles had merged all his cloaking
activities into one client account: 'Brown Brothers Harriman-Schroeder
Rock'. Schroeder of course, was the Nazi bank on whose board Dulles
sat. The 'Rock' were the Rockefellers of Standard Oil, who were
already coming under scrutiny for their Nazi deals. The US Government
charged (former President Bush's ) father (Prescott Bush) with running
Nazi front groups in the United States Under the Trading with the
Enemy Act all the shares of the Union Banking Corporation were seized,
including those held by Prescott Bush as being in effect held for
enemy nationals. Union Banking, of course, was an affiliate of Brown
Brothers, Harriman, and Bush handled the Harrimans' investments as
well. Once the government had its hands on Bush's books the whole
story of the intricate web of Nazi front organizations began to
unravel. A few days later 2 of Union Banking's subsidiaries Holland
American Trading Corporation and the Seamless Steel Equipment
Corporation-also were seized. The government went after the Harriman
Fifteen Corporation, which Bush shared with his father-in-law Bert
Walker, the Hamburg-Amerika line, and the Silesian-American
Corporation. The US Government found that huge sections of Prescott
Bush's empire had been operated on behalf of Nazi Germany and had
greatly assisted the German war effort." End Part One
