Forgotten History: US bankers financing US enemies, and why it is important now

In 1971, Gary Allen published his book, None Dare Call it Conspiracy. It quickly became an unofficial best seller. Over the years, several million copies have been sold.

Allen’s thesis was stark: super-rich American capitalists were financing socialism. This bizarre paradox was resolved when socialism was properly understood — not as “power to the people”—but as elite power over the people. In other words, as a hoax.

By Jon Rappoport

In 1971, Gary Allen published his book, None Dare Call it Conspiracy. It quickly became an unofficial best seller. Over the years, several million copies have been sold.

Allen’s thesis was stark: super-rich American capitalists were financing socialism. This bizarre paradox was resolved when socialism was properly understood — not as “power to the people”—but as elite power over the people. In other words, as a hoax.

These days, the socialist hoax is still unknown to most of the population.

Cloak a global power grab as progress for all of humanity.

Here, from chapter six of None Dare Call it Conspiracy, “The Rockefellers and the Reds,” is a devastating passage commenting on the period just after the Russian Revolution of 1917:

“The Rockefellers assigned their public relations agent, Ivy Lee, to sell the American public the idea that the Bolsheviks were merely misunderstood idealists who were actually kind benefactors of mankind.”

“Professor Antony Sutton of Stanford University’s Hoover Institution, notes in his highly authoritative Western Technology and Soviet Economic Development:”

“‘Quite predictably…[Ivy] Lee concludes that the communist problem is merely psychological. By this time he is talking about “Russians” (not Communists) and concludes “they are all right.” He suggests the United States should not engage in propaganda; makes a plea for peaceful coexistence; and suggests the United States would find it sound policy to recognize the USSR and advance credits [give loans].’ (Antony Sutton, Western Technology and Soviet Economic Development, 1917-1930, Hoover Institution on War, Revolution and Peace, Stanford University, Calif., 1968, p.292)”

“After the Bolshevik Revolution, Standard of New Jersey [Rockefeller] bought 50 per cent of the Nobel’s huge Caucasus oil fields even though the property had theoretically been nationalized [by Russia]. (O’Connor, Harvey, The Empire Of Oil, Monthly Review Press, New York, 1955, p.270.)”

“In 1927, Standard Oil of New York [Rockefeller] built a refinery in Russia, thereby helping the Bolsheviks put their economy back on its feet. Professor Sutton states: ‘This was the first United States investment in Russia since the Revolution.’ (Ibid, Vol.1, p.38)”

“Shortly thereafter Standard Oil of New York and its subsidiary, Vacuum Oil Company [Rockefeller], concluded a deal to market Soviet oil in European countries and it was reported that a loan of $75,009,000 to the Bolsheviks was arranged. (National Republic, Sept.1927.)”

“…Wherever Standard Oil would go, Chase National Bank was sure to follow. (The Rockefeller’s Chase Bank was later merged with the Warburg’s Manhattan Bank to form the present Chase Manhattan Bank.) In order to rescue the Bolsheviks, who were supposedly an archenemy, the Chase National Bank was instrumental in establishing the American-Russian Chamber of Commerce in 1922. President of the Chamber was Reeve Schley, a vice-president of Chase National Bank. (Ibid, Vol.11, p.288) According to Professor Sutton: ‘In 1925, negotiations between Chase and [Russian] Prombank extended beyond the finance of raw materials and mapped out a complete program for financing Soviet raw material exports to the U. S. and imports of U. S. cotton and machinery.’ (Ibid, Vol.11, p.226) Sutton also reports that ‘Chase National Bank and the Equitable Trust Company were leaders in the Soviet credit business.’ (Ibid, p.277)”

“The Rockefeller’s Chase National Bank also was involved in selling Bolshevik bonds in the United States in 1928. Patriotic organizations denounced the Chase as an ‘international fence.’ Chase was called ‘a disgrace to America… They will go to any lengths for a few dollars profits.’ (Ibid, Vol.11, p.291) Congressman Louis McFadden, chairman of the House Banking Committee, maintained in a speech to his fellow Congressmen:”

“‘The Soviet government has been given United States Treasury funds by the Federal Reserve Board and the Federal Reserve Banks acting through the Chase Bank and the Guaranty Trust Company and other banks in New York City.”

“‘Open up the books of Amtorg, the trading organization of the Soviet government in New York, and of Gostorg, the general office of the Soviet Trade Organization, and of the State Bank of the Union of Soviet Socialist Republics and you will be staggered to see how much American money has been taken from the United States’ Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia by its correspondent, the Chase Bank of New York’. (Congressional Record, June 15, 1933.)”

“But the Rockefellers apparently were not alone in financing the Communist arm of the Insiders’ conspiracy. According to Professor Sutton ‘… there is a report in the State Department files that names Kuhn, Loeb & Co. (the long established and important financial house in New York) as the financier of the [Russians’] First Five Year Plan. See U. S. State Dept. Decimal File, 811.51/3711 and 861.50 FIVE YEAR PLAN/236.’ (Sutton, op. cit., Vol. II, p. 340n.)”

“Professor Sutton proves conclusively in his three volume history of Soviet technological development that the Soviet Union was almost literally manufactured by the U.S.A…”

“…Sutton shows that there is hardly a segment of the Soviet economy which is not a result of the transference of Western, particularly American, technology.”

“This cannot be wholly the result of accident. For fifty years the Federal Reserve-CFR-Rockefeller-lnsider crowd has advocated and carried out policies aimed at increasing the power of their satellite, the Soviet Union. Meanwhile, America spends $75 billion a year on defense to protect itself from the enemy the Insiders are building up.”

NOTE: The descendants of these bankers are now doing everything they can to build up the story that Donald Trump won the presidency by colluding with Russians. To call this an irony, in view of the above information, would be a vast understatement.

However, the motives of these men are clear: regardless of whether Trump meant to keep his promises to destroy Globalism (aka worldwide socialism), his mere mention of Globalism as the enemy, during the presidential campaign, and his declared opposition to Globalist “free trade” treaties, was sufficient to warrant an all-out attack on him.

The whole idea of nationalism as preferable to Globalism could act as a contagious germ spreading to the people of other countries—so Trump as the face and symbol of such sentiments had to be defamed and crushed.

Through various front organizations, cutouts, dupes, brainwashed useful idiots, and violent hired thugs, that operation to crush Trump is well underway.

Again—and this point must be understood—IT DOESN’T MATTER WHETHER TRUMP EVER MEANT TO KEEP HIS PROMISE TO BURY GLOBALISM. THE MERE MENTION OF GLOBALISM AS THE ENEMY WAS AND IS SUFFICIENT TO WARRANT UNCEASING ATTACKS AGAINST HIM.

Many, many of Trump’s supporters want to see Globalism buried.

Ultimately, they are the real target of the Globalists, who want to neutralize and disperse them and make them passive and demoralized.

Jon Rappoport is the author of three explosive collections, THE MATRIX REVEALED, EXIT FROM THE MATRIX, and POWER OUTSIDE THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California.

Thank you very much, John.

8 thoughts on “Forgotten History: US bankers financing US enemies, and why it is important now”

  1. It had been a long time since I visited the Sutton saga. With the Deep State vs Trump struggle as the back ground, I googled Warburg and the Manhattan Bank and went from there. Warburg, Schiff, Rockefeller,Rothschild, etc. Lot to review, relearn,and learn anew. Thanks for the info and the stimulus.

  2. As Gary Allen said: Socialism is not a share the wealth program

    I detest and despise the Left Wing for all they stand for, or should I say, for what they don’t stand for
    The Left Wing are hypocrites who do not deliver what they say they will

    I believe in profit and a fair and equitable distribution of the profit
    There is no excuse for poverty in a modern world

  3. Capitalism (economic freedom) for the elites, socialism for the peasants (to pacify and control them).

    .. I cant believe the average person is such a loser that they STILL havent understood socialism. I’ve never read any of these authors listed nor am an economics major or anything, but then, I was born with a brain. For most that wernt gifted with common sense, this was a nice little article to start with.

    Everybody gets communism: its forced on you and everyone dies one way or another. But socialism is somehow considered to be the happy middle between tyranny and having to actually take responsbility for your own life. They never care to see that Government and taxes and personal debt and oppresive laws only ever go up, yet standard of living, freedom, and happiness only ever go DOWN. Must be a coincidence cos Gvnt is always right! …..They still cling on to their delusion that “taxes benefit everybody! its fur equality! It makes things fuhreeeee!! I love mah fhree sheet! Life before taxes was poor and uncivilised! But now we have fhree healthcurr and if im a single teenage mother or illegal migrant or a whiny entitled liberal i get full welfurrr! As long as i get some gubbamit cheese who cares what else theyre doing! Social justice for the win!”

    1. The so called “happy middle socialism”(third way etc etc)is the big scam to fool the many(the ones afraid with ortodox cumunism,and also the ones running from the other side,i mean liberal-capitalism),and is based in the Fabian society.

  4. “However, the motives of these men are clear: regardless of whether Trump meant to keep his promises to destroy Globalism (aka worldwide socialism), his mere mention of Globalism as the enemy, during the presidential campaign, and his declared opposition to Globalist “free trade” treaties, was sufficient to warrant an all-out attack on him.

    The whole idea of nationalism as preferable to Globalism could act as a contagious germ spreading to the people of other countries—so Trump as the face and symbol of such sentiments had to be defamed and crushed.

    Through various front organizations, cutouts, dupes, brainwashed useful idiots, and violent hired thugs, that operation to crush Trump is well underway.”——————————————————————————————————Indeed!!

  5. So John, are you saying ,by virtue of no mention, THAT the Rothschild family, creators of the APARTHEID criminal entity, called Israel, by Zionists, played no part in this GAME of Power and Wealth, at the expense of the common man?

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