The Nazi phenomenon was no historical coincidence, and far less a philosophical whim made real by just one man. Nazism had its followers, many of them exceptionally wealthy, veritable alchemists of the financial world back then.
According to research carried out over the last few years, Wall Street bankers (amongst others) financed Hitler’s rise to power whilst making large profits at the same time. What is yet still more deplorable is the fact that relatives of the current U.S. president were amongst this group of individuals.
U.S. authors Webster G. Tarpley and Anton Cheitkin reveal in the recently published George Bush: The Unauthorized Biography that Prescott Bush (George W. Bush’s grandfather) and other directors of the Union Banking Company (UBC) were Nazi collaborators.
The book relates how in 1922 – when national socialism was emerging – railroad impresario W. Averell Harriman traveled to Berlin and interviewed the Thyssen family with a view to founding a German-U.S. bank. The Thyssens were already behind-the-scenes owners of several financial institutions that allowed them to transfer their money from Germany to the Netherlands and from there onto the United States.
The banks in question were the August Thyssen Bank whose headquarters were located in Berlin; the Bank voor Handel (Netherlands) and the Union Banking Corporation (New York). At the beginning of the 1920s, one of the members of this family, Fritz Thyssen – author of I Paid Hitler – contributed some $25,000 USD to the recently formed German National Socialist Workers’ Party, becoming the prime and most important financier of the Fuhrer in his ascent to power.
According to the book’s authors, Thyssen was fascinated by Hitler, citing his talent as a public speaker and his ability to lead the masses. However, what impressed him most was the order that prevailed at his rallies and the almost military discipline of his followers.
And so, in 1931 Thyssen joined the Nazi party, becoming one of the most powerful members of the Nazi war machine.
At that time, the magnate presided over the German Steel Trust, a steel industry consortium founded by Clarence Dillon, one of Wall Street’s most influential men. One of Dillon’s most trustworthy collaborators was Samuel Bush: Prescott’s father, George Senior’s grandfather and great-grandfather of the current U.S. president George W. Bush.
In 1923, Harriman and the Thyssens decided to set up a bank and appointed George Herbert Walker – Prescott’s father-in-law – as president. Later, in 1926, they established the Union Banking Corporation (UBC) with Prescott Bush at the helm. That same year, he was also named vice president and partner at Brown Brothers Harriman. Both firms allowed the Thyssens to send money to the United States from Germany via the Netherlands.
U.S. economist Victor Thorn has noted that although a large number of other corporations aided the Nazis (such as Standard Oil and Rockefeller’s Chase Bank, as well as U.S. automobile manufacturers) Prescott Bush’s interests were much more profound and sinister.
Thorn adds that UBC became a secret channel to protect Nazi capital leaving Germany for the United States via the Netherlands. When the Nazis needed to retrieve their funds, Brown Brothers Harriman sent them directly to Germany.
In this way, UBC received money from the Netherlands and Brown Brothers Harriman sent it back. And who was on the executive of both of these companies? Prescott Bush himself, the Nazis’ first money launderer.