The Bush Family & the Nazi connection
PoliticsDiscuss The Bush Family & the Nazi connection in the Debate and Discussion forums; Meticulous research, including U.S. government records from the era, along with contemporaneous news stories from the New York Times and other papers are presented in the 1992 book entitled, &...
Meticulous research, including U.S. government records from the era, along with contemporaneous news stories from the New York Times and other papers are presented in the 1992 book entitled, "George Bush, The Unauthorized Biography" by Webster G. Tarpley & Anton Chaitkin, Published by The Executive Intelligence Review and located at http://www.tarpley.net/bushb.htm.
The following is sourced entirely from Chapter II of this work.
Quote:
George W. Bush's grandfather, Prescott Bush, was the Managing Director of the investment bank Brown Brothers, Harriman from the 1920s through the 1940s. It was Brown Brothers, in conjunction with Averell Harriman, the Rockefeller family, Standard Oil, the DuPonts, the Morgans and the Fords which served as the principal funding arm in helping to finance Adolph Hitler's rise to power starting in 1923. This included direct funding for the SS and SA channeled through a variety of German firms. Through associations with the Hamburg-Amerika Steamship line, Nazi Banker Fritz Thyssen (pronounced Tee- sen), Standard Oil of Germany, The German Steel Trust (founded by Dillon Read founder, Clarence Dillon), and I.G. Farben, Prescott Bush used the Union Bank Corporation to funnel vast quantities of money to the Nazis and to manage their American interests. The profits from those investments came back to Bush allies on Wall Street. Thyssen is universally regarded as having been Hitler's private banker and ultimate owner of the Union Bank Corporation.
Early support for Hitler came from Prescott Bush through the Hamburg- Amerika line -- also funded by Brown Bothers -- that funneled large sums of money and weapons to Hitler's storm troopers in the 1920s.
"In May 1933, just after the Hitler regime was consolidated, an agreement was reached in Berlin for the coordination of all Nazi commerce with the U.S.A. The Harriman International Company. was to head a syndicate of 150 firms and individuals, to conduct all exports from Hitler Germany to the United States."
According to Tarpley and Chaitkin a 1942 U.S. government investigative report that surfaced during 1945 Senate hearings found that the Union Bank, with Prescott Bush on the board, was an "interlocking concern" with the German Steel Trust that had produced:
50.8% of Nazi Germany's pig iron
41.4% of Nazi Germany's universal plate
36% of Nazi Germany's heavy plate
38.5% of Nazi Germany's galvanized sheet
45.5% of Nazi Germany's pipes and tubes
22.1% of Nazi Germany's wire
35% of Nazi Germany's explosives
The business relationships established by Bush in 1923 continued even after the war started until they became so offensive and overt as to warrant seizure by the U.S. government under the Trading with the Enemy Act in 1942.
In 1942, "Under the Trading with the Enemy Act, the government took over Union Banking Corporation, in which Bush was a director. The U.S. Alien Property Custodian seized Union Banking Corp.'s stock shares.
". all of which shares are held for the benefit of. members of the Thyssen family, [and] is property of nationals. of a designated enemy country."
"On October 28, the government issued orders seizing two Nazi front organizations run by the Bush-Harriman bank: the Holland-American Trading Corporation and the Seamless Steel Equipment Corporation."
"Nazi interests in the Silesian-American Corporation, long managed by Prescott Bush and his father in law George Herbert Walker, were seized under the Trading with the Enemy Act on Nov. 17, 1942." These seizures of Bush businesses were reported in a number of American papers including The New York Times and The Wall Street Journal.
Prescott Bush went on to become an influential Republican Senator from Connecticut who went on to be a regular golfing partner of President Dwight Eisenhower. His attorneys were the lawyers John Foster and Allen Dulles, the later became the CIA Director under Eisenhower.
and... a random newspaper article from the Boston Globe, telling the same story...
Quote:
BOSTON GLOBE 4/23/2001
By Michael Kranish, Globe Staff
TRIUMPHS, TROUBLES SHAPE GENERATIONS
PRESCOTT BUSH PAVED MODERATE PATH FOR SON AND GRANDSON;
AN AMERICAN DYNASTY Last of two parts "Prescott Bush was surely aghast at a sensational article the New York Herald Tribune splashed on its front page in July 1942. "Hitler's Angel Has 3 Million in US Bank,"read the headline above a story reporting that Adolf Hitler's financier had stowed the fortune in Union Banking Corp., possibly to be held for "Nazi bigwigs."
Bush knew all about the New York bank: He was one of its seven directors. If the Nazi tie became known, it would be a potential "embarrassment,"Bush and his partners at Brown Brothers Harriman worried, explaining to government regulators that their position was merely an unpaid courtesy for a client. The situation grew more serious when the government seized Union's assets under the Trading with the Enemy Act, the sort of action that could have ruined Bush's political dreams.
As it turned out, his involvement wasn't pursued by the press or political opponents during his Senate campaigns a decade later. But the episode may well have been one of the catalysts for a dramatic change in his life. Just as the Union Banking story broke, Bush volunteered to be chairman of United Service Organizations, putting himself on the national stage for the first time. He traveled the country raising millions of dollars to help boost the morale of US troops during World War II, enhancing his stature in a way that helped him get elected US senator. A son and grandson would become presidents."
I'd be cautious about jumping to cocnlusions on the basis of that though. It seems more likely that Prescott Bush was just greedy and unprincipled - they were making a profit on the investment after all, it wasn't donations.
Also, GW has plenty of his own sins to worry about, there's no need to burden him with the sins of the fathers as well.
Well, my Grandfather on my dad's side doesn't even believe the holocaust happened, and he completely hates Jews, yet I'm Jewish. So you can't judge a person by their grandparents. So like I said, someone that hates Bush, and is just digging around for anything possible to try and make him look bad.
As usual, the left takes lying to a new level to try to smear the President.
Prescott Bush owned one share of stock of a company that did business with the German Government before it was illegal to do so. It was an international bank that had, as it's primary business, international loans.
Remember how during the Clinton era there were all those rabid EOBs (Enemies of Bill) who seemingly devoted their every waking hour to propagating scurrilous stories about the president and his family? Well, an equally dedicated crew is now spreading sensational allegations about Dubya and his forebears. (Sample: the president's grandfather not only financed the Nazis, he used concentration-camp prisoners as slaves.) So each side gets a chance to drag the other through the mud. Is this a great country or what?
Though the Bush family's detractors are legion, one of the most prominent is John Loftus, a former federal prosecutor and past president of the Florida Holocaust Museum in Saint Petersburg. In 1994 Loftus coauthored a book with Mark Aarons entitled The Secret War Against the Jews: How Western Espionage Betrayed the Jewish People. The book alleges various misdeeds by George W.'s father, George H.W., his grandfather, Prescott Bush, and his great-grandfather, George Herbert Walker. Since space is limited we'll focus on the accusations against Prescott Bush, which in my opinion are the most serious.
The central charge against Prescott Bush has a basis in fact. In 1942, under the Trading With the Enemy Act, the U.S. government seized several companies in which he had an interest. Prescott at the time was an investment banker with Brown Brothers Harriman (BBH), which had funneled U.S. capital into Germany during the 1920s and '30s. Among the seized companies was the Union Banking Corporation (UBC) of New York, which was controlled by German industrialist Fritz Thyssen. Thyssen had been an early financier of the Nazi party--in fact, in 1941 he published a book entitled I Paid Hitler. Ergo, Prescott helped finance the Nazis.
An article by journalist Toby Rogers posted on Loftus's Web site makes an even more explosive charge. Another company in which Prescott and his associates had a stake was the Silesian-American Corporation (SAC), which owned several industrial concerns in Poland. The Auschwitz death camp was established in a district where SAC already had a steel plant. The plant allegedly used forced labor from Auschwitz during World War II. The article asserts that "a portion of the slave labor force in Poland was 'managed by Prescott Bush,' according to a Dutch intelligence agent." (See www.john-loftus.com/Thyssen.asp.)
The slave labor charge is easy to dismiss. SAC plants in Poland were taken over by the German government after the Nazi invasion of 1939, and the Auschwitz prison camp wasn't established until 1940. No one can seriously claim that Prescott Bush managed camp inmates in any of those plants.
Prescott's involvement with Nazi finance is more complicated. Though Thyssen had been an ardent backer of the Nazis in the early days, he broke with them in 1938 after the Kristallnacht pogrom against the Jews. He fled to Switzerland the following year, and Hitler confiscated his fortune and stripped him of his citizenship. In I Paid Hitler Thyssen confessed his role in financing the Nazis and denounced the Führer. Arrested in Vichy France, he spent the balance of the war as an Axis prisoner. Prescott Bush, for his part, owned a single share of stock (of 4,000) in UBC, the Thyssen bank. According to a 2001 Boston Globe piece, the New York Herald Tribune ran a story in July 1942 headlined "Hitler's Angel Has 3 Million in US Bank," in which Prescott and other BBH partners "explain[ed] to government regulators that their position [as directors of UBC] was merely an unpaid courtesy for a client."
So, did Bush and his firm finance the Nazis and enable Germany to rearm? Indirectly, yes. But they had a lot of company. Some of the most distinguished names in American business had investments or subsidiaries in prewar Germany, including Standard Oil and General Motors. Critics have argued for years that without U.S. money, the Nazis could never have waged war. But American business has always invested in totalitarian regimes--witness our dealings with mainland China.
Loftus tells me there's more to it than that. He says that the value of German industrial assets in which Bush and friends invested increased during World War II, in part due to slave labor, and that Bush benefited from this increase when the assets were returned--supposedly he got $1.5 million when UBC was liquidated in 1951. I'll buy the claim that Bush got his share of UBC back--it was an American bank, after all--but the idea that his German holdings increased in value despite being obliterated by Allied bombs is ridiculous.
--CECIL ADAMS
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So, did Bush and his firm finance the Nazis and enable Germany to rearm? Indirectly, yes. But they had a lot of company. Some of the most distinguished names in American business had investments or subsidiaries in prewar Germany, including Standard Oil and General Motors. Critics have argued for years that without U.S. money, the Nazis could never have waged war. But American business has always invested in totalitarian regimes--witness our dealings with mainland China.
Thanks for confirming another point which hardly comes thru...
"American business has always invested in Totalitarian regimes".
Its in their "financial interest" to do so...
Or until the particular Totalitarian regime is declared to be "evil" by the Washington Admin., and hence American "interests" (business) need protecting.
Then the solution comes along... a War to remove one Dictator, to replace it with another (which is compliant of US Business wishes).
... And this is how America bring "democracy and freedom" to the world. Enpowering Dictators and Totalitarian regimes, so as to further America's economic interests.
Lenin said that capitalists would sell him the rope that he would use to hang them with. He said it because there were businesses that wanted to do business with the Soviet Union. Go figure.
As far as US foriegn policy... many lands are governed by dictatorships, its not our business how those foriegn lands are governed. It all changes of course if that foriegn power should be making war against US.
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Last edited by Sixgun_Symphony : 08-08-03 at 01:38.
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