Before, During and After World War II

Both Chase and Equitable Trust led in granting credits to the Soviet Union during the 1920s. In 1934, Roosevelt established the Export Import Bank to finance increased trade with the Soviet Union. During World War II, Chase was AMTORG’S principal bank in handling the many billions of dollars of Lend Lease transactions for Russia.

Roosevelt went all out in supporting the Soviets, perhaps because all three of his personal assistants, Alger Hiss, Lauchlin Currie and Harry Dexter White, were identified as Soviet agents. Hiss’ mentor was Dean Acheson, formerly of J.P. Morgan Co. Asst Secretary of State A.A. Berle Jr. testified before the House Un-American Activities Committee Aug. 30, 1948 that “Acheson was the head of the pro-Russian group in the State Department.” Acheson later became senior partner of Covington and Burling, obtaining the position for the firm as Washington legal representative for nine Communist governments.

On April 29, 1943, the Board of Economic Warfare granted a special license to Chematar Corp. of New York to fill an order from the Soviet Purchasing Commission for 2001b. uranium oxide, 2201b. uranium nitrate, and 25 lb. of uranium metal, commodities virtually unknown at that time, thus launching the Soviet atomic program. Today every American citizen lives under the threat of Soviet nuclear war.

On Jan. 29, 1944, Special Ambassador W. Averill Harriman in Moscow informed the State Dept. that “we” must turn over to the Russians the currency printing plates which had been engraved for the U.S. Treasury by Forbes Co. of Boston. The State Dept. delayed action on this request for several weeks. On March 22, Harry Dexter White met with Gromyko at the Soviet Embassy and assured him the plates would be delivered. Both Harriman and White made daily demands until the plates were turned over to the Soviet Union April 14, 1944. The Soviet Union then printed $300 million in currency which was redeemed by the American taxpayers.

After the “Cold War” began, the financiers continued their efforts to aid the Soviets. In 1967, the New York Times announced that a new consortium had been formed to promote trade with Russia, composed of Cyrus Eaton’s Tower Corp., Rockefeller’s International Basic Economy Corp., and N.M. Rothschild & Sons of London. Eaton had begun his career as a $2 a day factotum for John D. Rockefeller, who later financed his purchase of Canadian Gas & Electric Corp. Eaton stated that Rockefeller soon interested him in Russian affairs. In an interview with Mike Wallace, Eaton claimed that under Communism, the people of the Soviet Union were entirely contented. “They were happy. I was amazed at their happiness and dedication to the system.” Eaton was one of the first defenders of the Stalin-Hitler Pact in 1939.

The Rothschilds have rarely been identified with Communist causes, preferring to remain in the background. Only one member, N.M. Victor Rothschild, who served an apprenticeship with J.P. Morgan Co., had become involved with the Apostles Club at Cambridge, described by Michael Straight as composed mostly of Communists who were also homosexual. Its well known members were Guy Burgess and Donald MacLean, Anthony Blunt, Keeper of the Queen’s Pictures, and the double, or triple agent Kim Philby. During World War II. Victor Rothschild, who was with MI5, lent his London flat at No. 5 Bentinck St. to Burgess, while his mother, Mrs. Charles Rothschild, hired Burgess as her investment counselor. Blunt left the staff of the Warburg Institute to work with MI5; he introduced Victor Rothschild to his aunt, Teresa Mayor, who later became Lady Rothschild. Blunt has been recently described as having had an “affectionate” relationship with the Queen.

The Rockefeller family is sometimes called the first family of the Soviet Union. When Nelson Rockefeller was nominated for vice president in 1967, Pravda indignantly denounced his critics, saying that charges against Rockefeller were designed only to discredit him, and that the accusations came from ultra right wing organizations. Senator Frank Church, attending the 1971 Dartmouth Conference at Kiev, was amazed to find that “David Rockefeller was treated like we would treat royalty in this country. The Russian people appear to evince an adoration of Rockefeller that is puzzling.” When David Rockefeller’s plane lands in Russia, crowds line up to greet him at the airport, and line the streets of Moscow as his limousine passes, hailing him with cries of RAHK FAWLER. George Gilder remarked that no one knows how to revere, blandish and exalt a Rockefeller half as well as the Marxists.

After World War II, Dean Acheson frantically lobbied for an additional $300 million loan to the Soviet Union. Ed Burling, who was Frederic A. Delano’s brother-in-law, had founded the firm of Covington and Burling of which Acheson was partner, with Donald Hiss, brother of Alger.

When Acheson’s lobbying failed to develop the Russian aid, the Council on Foreign Relations drafted the Marshall Plan as an alternative measure. Their publication, “Foreign Affairs”, then published the “containment plan” as written by “X” (George Kennan). The policy of containment, which has been the official foreign policy of the U.S. toward the Soviet Union since 1947, guarantees not only Soviet Russia’s borders, but her continued enslavement of the “Captive nations” which she holds by military force.

Henry Luce, who always provided a forum for the international propagandists, reprinted the entire text of the July, 1947 Foreign Affairs article in Life magazine, July 28, 1947. Its key sentence was “The main element of any U.S. policy towards the Soviet Union must be the long-term, patient but firm and vigilant containment of Russian expansive tendencies”. Luce’s Time magazine dubbed Kennan “America’s senior policy-maker”. He later became a fellow of the Institute of Advanced Study of Princeton.

Kennan was the nephew and namesake of the George Kennan who operated as a Marxist agent for Jacob Schiff in Russia for many years before the Bolshevik Revolution, and was finally expelled by the Czarist Government. Kennan’s pen-name “X” was a favorite identification of Socialist operatives. In 1902, the Socialist “X” Club had been founded in New York by John Dewey, whose Socialist program has dominated American education during the twentieth century. The other founders of the “X” Club were James T. Shotwell, founder of the League of Nations, United Nations etc.; Morris Hillquit, Communist candidate for Mayor of New York, Charles Edward Russell, and Rufus Weeks, vice president and managing director of New York Life, which was controlled by J.P. Morgan.

When Nikolai Kruschev, dictator of the Soviet Union, came to New York Sept. 17, 1959, he was invited to dinner at W. Averill Harriman’s Home. Thirty people attended, who controlled aggregate wealth of $40 billion; they included

• Russian born David Sarnoff, head of RCA,
• Philip Mosely of the Council on Foreign Relations;
• Herbert H. Lehman of Lehman Bros.; Dean Rusk of the Rockefeller Foundation;
• George A. Woods, First Boston Corp.;
• Thomas K. Finletter of Coudert Bros., former Secretary of the Air Force;
• John K. Galbraith, economist;
• Frank Pace of General Dynamics.

In Sept. 1960, Kruschev was entertained at Hyde Park at a dinner given in his honor by Eleanor Roosevelt. Present at this select gathering was Victor Hammer, who had fenced the Romanov jewels in the U.S. He sold many Faberge items to Lillian Pratt, wife of the General Motors tycoon; the collection is now in the Virginia Museum in Richmond, Va.

In 1973, the U.S.-USSR Trade and Economic Council, consisting of leading U.S. heads of corporations, was formed to promote “trade” read (gifts) to the Soviet Union. In 1976, G.M. Miller of Textron was named head of the Council. Shortly afterwards, he was appointed chairman of the Federal Reserve Board of Governors by Carter. The Bolshevik Revolution, which was nurtured through its most trying days by three directors of the Federal Reserve Bank of New York, William Boyce Thompson, George Foster Peabody, and William Woodward, continues to be supported by the Federal Reserve System. The Federal Reserve System maintains close ties with the Gosbank, the Soviet Central Bank, which controls the Communist Party of the USSR. Gosbank employs 5000 economists, and is known as a “passive”, rather than an “active” bank of issue, meaning that it follows orders from other sources, as does the Federal Reserve Board of Governors. The Gosbank-Federal Reserve System “cooperation” in Soviet financial letters is handled through the Bank for International Settlements in Switzerland.

In 1949, the present flood of “Eurodollars” originated as European deposits of Communist dollar hoards in the Soviet Eurobank of Paris, Banque Commerciale pour Europe du Nord. The financiers then realized they created a new and even more untraceable source of paper money which had no backing. Anthony Sampson writes that “The more cosmopolitan banks with foreign experts and directors, such as Warburgs, Montagus, Rothschilds and Kleinworts, had also discovered a huge new source of profits in the market for Eurodollars.”

These profits now amount to some two trillion dollars, all of which are obligations of the American taxpayer. This Ponzi operation was made possible by the exclusive “Central Bankers Club”, the Bank for International Settlements, which had been established by Hjalmar Schacht, financier of the Nazi movement, Emile Francqui, guiding genius of Hoover’s Belgian Relief Commission, and John Foster Dulles, heir to the title “most dangerous man in America”. It was set up in May 1930 by the Hague Treaty to handle German reparations payments, which, of course, were never paid. BIS now controls one tenth of the world’s gold, which it rents out at a profit. Its assets have increased by an astronomical 1200% in the past twenty years. U.S. shares of BIS are held by Citibank.

American International Corporation continued to exercise a behind the scenes role in U.S. Soviet dealings until World War II, when W.A. Harriman’s presence in Moscow to direct Stalin’s handling of the war usurped its duties.

Standard and Poors shows in 1982 an American International Group, an insurance holding company with $3.4 billion in assets, whose attorneys are Sullivan & Cromwell. It was formed from the Cornelius V. Starr insurance network which was part of the CIA’s Asiatic operations. Its directors include

• Harry Kearns, chmn Eishenower-Nixon presidential campaign, now chmn American Asian Bank, served as president Export Import Bank 1969-73;
• William L. Hemphill, pres. United Guaranty, director of Cone Mills (the Hemphill family has been allied with J.P. Morgan for many years);
• Douglas MacArthur II, diplomat;
• John I. Howell, chmn J.Henry Schroder Bank, and Schroders Ltd of London;
• Edwin A. Granville Mentin of England, who was chairman of American International from 1946-1979, now director of the Starr Foundation; and
• J. Milburn Smith, director of Lloyd’s of London.