>'the powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole'.
Professor Caroll Quiqley, Tragedy and Hope
Last week was a momentous one for the US president, starting with a visit to Saudi Arabia, America’s closest despotic friends, then Obama’s erudite discourse in Cairo where some magnanimity was shown in mentioning at least one of the USA’s nefarious interferences in the affairs of other countries, namely the 1953 CIA coup in Iran which overthrew the democratic reformer Mohammed Mossadegh.
The mainstream media were unequivocal in their praise of the US president’s diplomatic overtures, yet many people remain unconvinced of the USA’s sincerity in this regard. After the Cairo visit President Obama visited Germany and the Buchanwald concentration camp where reference was made to Mahmoud Athmadinjed’s holocaust denials. President Obama’s tour ended in France with the D-Day commemoration.
The day-day commemoration was a chance for the US establishment to remind us about the ‘good wars’ it fought to save us all from tyranny. Now, I am not going to suggest that Hitler should not have been fought and that people should have said no to world war II. However, the real question about world war II concerns the international machinations which enabled Hitler to come to power in the first place. Who were Hitler’s financiers? Who financed the rise of Nazism in Germany from 1933? How could a bankrupt economy like Germany suddenly rise to the level of a world power capable of global destruction? Why, Wall Street of course, with a little help from the Bank of England!
Hitler’s rise to power was initially facilitated by a handsome loan from the Bank of England. The governor of the Bank of England was one Mantagu Norman a close personal friend of Hjalmar Schacht, chancellor of the Gearman Reichs Bank. The pro-Nazi British aristocracy were hoping to form an Anglo-German alliance against Franco-American hegemony in Western Europe. They also hoped that a strongman in Germany would attack the Soviet Union and defeat international communism. That’s why they pursued a policy of pacification with Germany. They didn’t want to lose interests on their investments!
Internationale Gesellschaft Farben was the most powerful chemical corporation in Hitler’s Germany. It played in integral part in the rise of the German war economy, producing, inter alia, explosives, fuel and the deadly poison gaz used in Auschwitz.
IG Farben’s American subsidiary American IG Farben was controlled by many of the top-brass in Wallstreet. Paul Warburg, chairman of the Federal Reserve, Walter Teagle of Standard Oil, Edsel T Ford and Carl Bosch of Ford Motor Company were all directors on the board of the American IG Farben subsidiary. JP Morgan, City bank, Henry Ford and a host of others all traded and profited from the German war machine before and throughout the Second World War.
In his book Wall Street and the Rise of Hitler, the historian Antony Sutton writes ‘Without the capital supplied by Wall Street, there would have been no I. G. Farben in the first place and almost certainly no Adolf Hitler and World War II’.
It was US loans to the IG Farben and corporations in Germany which spawned the Nazi military-industrial complex. As one US senator put it before the end of the war, ‘Farben was Hitler and Hitler was Farben’. There is also little doubt that the Wallstreet gang were aware of what was happening. The historian Gabriel Kolko writes.
‘The business press [in the United States] was aware, from 1935 on, that German prosperity was based on war preparations. More important, it was conscious of the fact that German industry was under the control of the Nazis and was being directed to serve Germany's rearmament, and the firm mentioned most frequently in this context was the giant chemical empire, I. G. Farben
The story of US financial and technological support for Hitler is far to detailed for this column. I could mention IBM who supplied the punch-card proto-computer technology for the Holocaust. There are many more examples of full-scale collusion. In short, Wallstreet and criminals of global finance were the real cause of the Second World War. Has America really progressed since then? If you look closely at the top brass in Obama’s administration you will see Wallstreet written in capital letters. Henry Ford realised the danger of Wallstreet’s little secret. In his dairy, he wrote
'It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.'