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Chapter 4: Bankrolling The Bolshevik Revolution

The establishing of the Federal Reserve System provided the “conspiracy” with an instrument whereby the international bankers could run the national debt up to the sky, thereby collecting enormous amounts of interest and also gaining control over the borrower. During the Wilson Administration* alone, the national debt expanded 800 percent.

Two months prior to the passage of the Federal Reserve Act, the conspirators had created the mechanism to collect the funds to pay the interest on the national debt. That mechanism was the progressive income tax, the second plank of Karl Marx’ Communist Manifesto which contained ten planks for SOCIALIZING a country.

One quite naturally assumes that the graduated income tax would be opposed by the wealthy. The fact is that many of the wealthiest Americans supported it. Some, no doubt, out of altruism and because, at first, the taxes were very small. But others backed the scheme because they already had a plan for permanently avoiding both the income tax and the subsequent inheritance tax.

What happened was this: At the turn of the century the Populists, a group of rural socialists, were gaining strength and challenging the power of the New York bankers and monopolist industrialists. While the Populists had the wrong answers, they asked many of the right questions. Unfortunately, they were led to believe that the banker- monopolist control over government, which they opposed, was a product of free enterprise.

Since the Populist threat to the cartelists was from the Left (there being no organized political movement for laissez-faire), the Insiders moved to capture the Left. Professor Quigley discloses that over fifty years ago the Morgan firm decided to infiltrate the Leftwing political movement in the United States. This was not difficult to do since these Left groups needed funds and were eager for help to get their message to the public. Wall Street supplied both. There was nothing new about this decision, says Quigley, since other financiers had talked about it and even attempted it earlier. He continues:

“What made it decisively important this time was the combination of its adoption by the dominant Wall Street financier, at a time when tax policy was driving all financiers to seek tax-exempt refuges for their fortunes …” (Page 938)

Radical movements are never successful unless they attract big money and/or outside support. The great historian of the Twentieth Century, Oswald Spengler, was one of those who saw what American Liberals refuse to see-that the Left is controlled by its alleged enemy, the malefactors of great wealth. He wrote in his monumental Decline of the West (Modern Library, New York, 1945):

“There is no proletarian, not even a Communist, movement, that has not operated in the interests of money, in the direction indicated by money, and for the time being permitted by money-and that without the idealists among its leaders having the slightest suspicion of the fact.”

While the Populist movement was basically non-conspiratorial, its Leftist ideology and platform were made to order for the elitist Insiders because it aimed at concentrating power in government. The Insiders knew they could control that power and use it to their own purposes. They were not, of course, interested in promoting competition but in restricting it. Professor Gabriel Kolko has prepared a lengthy volume presenting the undeniable proof that the giant corporate manipulators promoted much of the so-called “progressive legislation” of the Roosevelt and Wilson eras-legislation which ostensibly was aimed at controlling their abuses, but which was so written as to suit their interests. In The Triumph of Conservatism (by which Kolko mistakenly means big business), he notes:

“… the significant reason for many businessmen welcoming and working to increase federal intervention into their affairs has been virtually ignored by historians and economists. The oversight was due to the illusion that American industry was centralized and monopolized to such an extent that it could rationalize the activity [regulate production and prices] in its various branches voluntarily. Quite the opposite was true. Despite the large numbers of mergers, and the growth in the absolute size of many corporations, the dominant tendency in the American economy at the beginning of this century was toward growing competition. Competition was unacceptable to many key business and financial interests. …”

The best way for the Insiders to eliminate this growing competition was to impose a progressive income tax on their competitors while writing the laws so as to include built-in escape hatches for themselves. Actually, very few of the proponents of the graduated income tax realized they were playing into the hands of those they were seeking to control. As Ferdinand Lundberg notes in The Rich And The Super-Rich:

“What it [the income tax] became, finally, was a siphon gradually inserted into the pocketbooks of the general public. Imposed to popular huzzas as a class tax, the income tax was gradually turned into a mass tax in a jiujitsu turnaround. …”

The Insiders’ principal mouthpiece in the Senate during this period was Nelson Aldrich, one of the conspirators involved in engineering the creation of the Federal Reserve and the maternal grandfather of Nelson Aldrich Rockefeller. Lundberg says that “When Aldrich spoke, newsmen understood that although the words were his, the dramatic line was surely approved by ‘Big John ID. Rockefeller]. …'” In earlier years Aldrich had denounced the income tax as “communistic and socialistic,” but in 1909 he pulled a dramatic and stunning reversal. The American Biographical Dictionary comments:

“Just when the opposition had become formidable he [Aidrich] took the wind out of its sails by bringing forward, with the support of the President [Taft], a proposed amendment to the Constitution empowering Congress to lay income taxes.”

Howard Hinton records in his biography of Cordell Hull that Congressman Hull, who had been pushing in the House for the income tax, wrote this stunned observation:

“During the past few weeks the unexpected spectacle of certain so-called ‘old-line conservative’ [sic] Republican leaders in Congress suddenly reversing their attitude of a lifetime and seemingly espousing, through ill-concealed reluctance, the proposed income-tax amendment to the Constitution has been the occasion of universal surprise and wonder.”

The escape hatch for the Insiders to avoid paying taxes was ready. By the time the Amendment had been approved by the states (even before the income-tax was passed), the Rockefellers and Carnegie foundations were in full operation.

One must remember that it was to break up the Standard Oil (Rockefeller) and U.S. Steel (Carnegie) monopolies that the various anti-trust acts were ostensibly passed. These monopolists could now compound their wealth tax-tree while competitors had to face a graduated income tax which made it difficult to amass capital. As we have said, socialism is not a share-the-wealth program, as the socialists would like you to believe, but a consolidate-and-control-the-wealth program for the Insiders. The Reece Committee which investigated foundations for Congress in 1953 proved with an overwhelming amount of evidence that the various Rockefeller and Carnegie foundations have been promoting socialism since their inception. (See Rene Wormser’s Foundations: Their Power and Influence, Devin Adair, New York, 1958.)

The conspirators now had created the mechanisms to run up the debt, to collect the debt, and (for themselves) to avoid the taxes required to pay the yearly interest on the debt. Then all that was needed was a reason to escalate the debt. Nothing runs up a national debt like a war. And World War I was being brewed in Europe.

In 1916, Woodrow Wilson was re-elected by a hair. He had based his campaign on the slogan: “He Kept Us Out of War!” The American public was extremely opposed to America’s getting involved in a European war. Staying out of the perennial foreign quarrels had been an American tradition since George Washington. But as Wilson was stumping the country giving his solemn word that American soldiers would not be sent into a foreign war, he was preparing to do just the opposite. His “alter ego,” as he called “Colonel” House, was making behind-the-scenes agreements with England which committed America to entering the war. Just five months later we were in it. The same crowd which manipulated the passage of the income tax and the Federal Reserve System wanted America in the war. J. P. Morgan, John D. Rockefeller, “Colonel” House, Jacob Schiff, Paul Warburg and the rest of the Jekyl Island conspirators were all deeply involved in getting us involved. Many of these financiers had loaned England large sums of money. In fact, J. P. Morgan & Co. served as British financial agents in this country during World War I.

While all of the standard reasons given for the outbreak of World War I in Europe doubtless were factors, there were also other more important causes. The conspiracy had been planning the war for over two decades.

The assassination of an Austrian Archduke was merely an incident providing an excuse for starting a chain reaction.

After years of fighting, the war was a complete stalemate and would have ended almost immediately in a negotiated settlement (as had most other European conflicts) had not the U.S. declared war on Germany.

As soon as Wilson’s re-election had been engineered through the “he kept us out of war” slogan, a complete reversal of propaganda was instituted. In those days before radio and television, public opinion was controlled almost exclusively by newspapers. Many of the major newspapers were controlled by the Federal Reserve crowd. Now they began beating the drums over the “inevitability of war.” Arthur Ponsonby, a memebr of the British parliament, admitted in his book Falsehood In War Time (E. P. Dutton & Co., Inc., New York, 1928): “There must have been more deliberate lying in the world from 1914 to 1918 than in any other period of the world’s history.” Propaganda concerning the war was heavily one-sided. Although after the war many historians admitted that one side was as guilty as the other in starting the war, Germany was pictured as a militaristic monster which wanted to rule the world. Remember, this picture was painted by Britain which had its soldiers in more countries around the world than all other nations put together. So-called “Prussian militarism” did exist, but it was no threat to conquer the world. Meanwhile, the sun never set on the British Empire! Actually, the Germans were proving to be tough business competitors in the world’s markets and the British did not approve.

In order to generate war fever, the sinking of the Lusitania-a British ship torpedoed two years earlier-was revived and given renewed headlines. German submarine warfare was turned into a major issue by the newspapers.

Submarine warfare was a phony issue. Germany and England were at war. Each was blockading the other country. J. P. Morgan and other financiers were selling munitions to Britain. The Germans could not allow those supplies to be delivered any more than the English would have allowed them to be delivered to Germany. If Morgan wanted to take the risks and reap the rewards (or suffer the consequences) of selling munitions to England, that was his business. It was certainly nothing over which the entire nation should have been dragged into war.

The Lusitania, at the time it was sunk, was carrying six million pounds of ammunition. It was actually illegal for American passengers to be aboard a ship carrying munitions to belligerents. Almost two years before the liner was sunk, the New York Tribune (June 19, 1913) carried a squib which stated: “Cunard officials acknowledged to the Tribune correspondent today that the greyhound [Lusitania] is being equipped with high power naval rifles. …” In fact, the Lusitania was registered in the British navy as an auxiliary cruiser. (Barnes, Harry E., The Genesis of the War, Alfred Knopf, New York, 1926, p. 611.) In addition, the German government took out large ads in all the New York papers warning potential passengers that the ship was carrying munitions and telling them not to cross the Atlantic on it. Those who chose to make the trip knew the risk they were taking. Yet the sinking of the Lusitania was used by clever propagandists to portray the Germans as inhuman slaughterers of innocents. Submarine warfare was manufactured into a cause celebre to push us into war. On April 6, 1917, Congress declared war. The American people acquiesced on the basis that it would be a “war to end all wars.”

During the “war to end all wars,” Insider banker Bernard Baruch was made absolute dictator over American business when President Wilson appointed him Chairman of the War Industries Board, where he had control of all domestic contracts for Allied war materials. Baruch made lots of friends while placing tens of billions in government contracts, and it was widely rumored in Wall Street that out of the war to make the world safe for international bankers he netted $200 million for himself.

“Colonel” House (I) was front man for the international banking fraternity He manipulated President woodrow wilson (r) like a puppet. wilson called him my alter ego. House played a major role in creating the Federal Reserve System, passing the graduated income tax and getting America into WWI House s influence over Wilson is an example that in the world of super-politics the real rulers are not always the ones the public sees.

German born international financier Paul Warburg masterminded establishment of Federal Reserve to put control over nation’s economy in hands of international bankers. The Federal Reserve controls the money supply which allows manipulators to create alternate cycles of boom and bust, i.e., a roller coaster economy. This allows those in the know to make fabulous amounts of money, but even more important, allows the Insiders to control the economy and further centralize power in the federal government.

While Insider banker Paul Warburg controlled the Federal Reserve, and international banker Bernard Baruch placed government contracts, international banker Eugene Meyer, a former partner of Baruch and the son of a partner in the Rothschilds’

international banking house of Lazard Freres, was Wilson’s choice to head the War Finance Corporation, where he too made a little money. *

Footnote:

* Meyer later gained control of the highly influential Washington Post which became known as the “Washington Daily Worker.” It should be noted that Sir William Wiseman, the man sent by British Intelligence to help bring the United States into the war, was amply rewarded for his services. He stayed in this country after WWI as a new partner in the Jacob Schiff-Paul Warburgcontrolled Kuhn, Loeb bank.

World War I was a financial bonanza for the international bankers. But it was a catastrophe of such magnitude for the United States that few even today grasp its importance. The war reversed our traditional foreign policy of non-involvement and we have been enmeshed almost constantly ever since in perpetual wars for perpetual peace. Winston Churchill once observed that all nations would have been better off had the U.S. minded its own business. Had we done so, he said, “peace would have been made with Germany; and there would have been no collapse in Russia leading to Communism; no breakdown of government in Italy followed by Fascism; and Naziism never would have gained ascendancy in Germany.” (Social Justice Magazine, July 3, 1939, p. 4.)

The Bolshevik Revolution in Russia was obviously one of the great turning points in world history. It is an event over which misinformation abounds. The myth-makers and re-writers of history have done their landscape painting jobs well. The establishing of Communism in Russia is a classic example of the second “big lie” of Communism, i.e., that it is the movement of the downtrodden masses rising up against exploiting bosses. This cunning deception has been fostered since before the first French Revolution in 1789.

Most people today believe the Communists were successful in Russia because they were able to rally behind them the sympathy and frustration of the Russian people who were sick of the tyranny of the Czars. This is to ignore the history of what actually happened. While almost everybody is reminded that the Bolshevik Revolution took place in November of 1917, few know that the Czar had abdicated seven months earlier in March. When Czar Nicholas II abdicated, a provisional government was established by Prince Lvov who wanted to pattern the new Russian government after our own. But, unfortunately, the Lvov government gave way to the Kerensky regime. Kerensky, a so-called democratic socialist, may have been running a caretaker government for the Communists. He kept the war going against Germany and the other Central Powers, but he issued a general amnesty for Communists and other revolutionaries, many of whom had been exiled after the abortive Red Revolution of 1905. Back to mother Russia came 250,000 dedicated revolutionaries, and Kerensky’s own government’s doom was sealed.

In the Soviet Union, as in every Communist country (or as they call themselves-the Socialist countries), the power has not come to the Communists’ hands because the downtrodden masses willed it so. The power has come from the top down in every instance. Let us briefly reconstruct the sequences of the Communist takeover.

The year is 1917. The Allies are fighting the Central Powers. The Allies include Russia, the British Commonwealth, France and by April 1917, the United States. In March of 1917, purposeful planners set in motion the forces to compel Czar Nicholas II to abdicate. He did so under pressure from the Allies after severe riots in the Czarist capitol of Petrograd, riots that were caused by the breakdowns in the transportation system which cut the city off from food supplies and led to the closing of factories.

But where were Lenin and Trotsky when all this was taking place? Lenin was in Switzerland and had been in Western Europe since 1905 when he was exiled for trying to topple the Czar in the abortive Communist revolution of that year. Trotsky also was in exile, a reporter for a Communist newspaper on the lower east side of New York City. The Bolsheviks were not a visible political force at the time the Czar abdicated. And they came to power not because the downtrodden masses of Russia called them back, but because very powerful men in Europe and the United States sent them in.

Lenin was sent across Europe-at-war on the famous “sealed train.” With him Lenin took some $5 to $6 million in gold. The whole thing was arranged by the German high command and Max Warburg, through another very wealthy and life-long socialist by the name of Alexander Helphand alias “Parvus.” When Trotsky left New York aboard the S. S. Christiania, on March 27, 1917, with his entourage of 275 revolutionaries, the first port of call was Halifax, Nova Scotia. There the Canadians grabbed Trotsky and his money and impounded them both. This was a very logical thing for the Canadian government to do for Trotsky had said many times that if he were successful in coming to power in Russia he would immediately stop what he called the “imperialist war” and sue for a separate peace with Germany. This would free millions of German troops for transfer from the Eastern front to the Western front where they could kill Canadians. So Trotsky cooled his heels in a Canadian prison-for five days. Then all of a sudden the British (through future Kuhn, Loeb partner Sir William Wiseman) and the United States (through none other than the ubiquitous “Colonel” House) pressured the Canadian government. And, despite the fact we were now in the war, said, in so many words, “Let Trotsky go.” Thus, with an American passport, Trotsky went back to meet Lenin. They joined up, and, by November, through bribery, cunning, brutality and deception, they were able (not to bring the masses rallying to their cause, but) to hire enough thugs and make enough deals to impose out of the gun barrel what Lenin called “all power to the Soviets.” The Communists came to power by seizing a mere handful of key cities. In fact, practically the whole Bolshevik Revolution took place in one city-Petrograd. It was as if the whole United States became Communist because a Communist-led mob seized Washington, D. C. It was years before the Soviets solidified power throughout Russia.

The Germans, on the face of it, had a plausible excuse for financing Lenin and Trotsky. The two Germans most responsible for the financing of Lenin were Max Warburg and a displaced Russian named Alexander Helphand. They could claim that they were serving their country’s cause by helping and financing Lenin. However, these two German “patriots” neglected to mention to the Kaiser their plan to foment a Communist revolution in Russia. The picture takes on another dimension when you consider that the brother of Max Warburg was Paul Warburg, prime mover in establishing the Federal Reserve System and who from his position on the Federal Reserve Board of Directors, played a key role in financing the American war effort. (When news leaked out in American papers about brother Max running the German finances, Paul resigned from his Federal Reserve post without a whimper.) From here on the plot sickens.

For the father-in-law of Max Warburg’s brother, Felix, was Jacob Schiff, senior partner in Kuhn, Loeb & Co. (Paul and Felix Warburg, you will recall, were also partners in Kuhn, Loeb & Co. while Max ran the Rothschild-allied family bank of Frankfurt.) Jacob Schiff also helped finance Leon Trotsky. According to the New York Journal-American of February 3, 1949: “Today it is estimated by Jacob’s grandson, John Schiff, that the old man sank about 20,000,000 dollars for the final triumph of Bolshevism in Russia.” (See Chart 6.)

One of the best sources of information on the financing of the Bolshevik Revolution is Czarism and the Revolution by an important White Russian General named Arsene de Goulevitch who was founder in France of the Union of Oppressed Peoples. In this volume, written in French and subsequently translated into English, de Goulevitch notes:

“The main purveyors of funds for the revolution, however, were neither the crackpot Russian millionaires nor the armed bandits of Lenin. The ‘real’ money primarily came from certain British and American circles which for a long time past had lent their support to the Russian revolutionary cause. …”

De Goulevitch continues:

“The important part played by the wealthy American banker, Jacob Schiff, in the events in Russia, though as yet only partially revealed, is no longer a secret.”

General Alexander Nechvolodov is quoted by de Goulevitch as stating in his book on the Bolshevik Revolution:

“In April 1917, Jacob Schiff publicly declared that it was thanks to his financial support that the revolution in Russia had succeeded.

In the Spring of the same year, Schiff commenced to subsidize Trotsky . . .

Simultaneously Trotsky and Co. were also being subsidized by Max Warburg and Olaf Aschberg of the Nye Banken of Stockholm … The Rhine Westphalian Syndicate and Jivotovsky,.. . whose daughter later married Trotsky.”

Chart 6 -Financing Bolshevik Revolution

Schiff spent millions to overthrow the Czar and more millions to overthrow Kerensky. He was sending money to Russia long after the true character of the Bolsheviks was known to the world. Schiff raised $1Q million, supposedly for Jewish war relief in Russia, but later events revealed it to be a good business investment. (Forbes, B. C, Men Who Are Making America, pp. 334-5.)

According to de Goulevitch:

“Mr. Bakhmetiev, the late Russian Imperial Ambassador to the United States, tells us that the Bolsheviks, after victory, transferred 600 million roubles in gold between the years 1918 and 1922 to Kuhn, Loeb & Company [Schiff’s firm].”

Schiff’s participation in the Bolshevik Revolution, though quite naturally now denied, was well known among Allied intelligence services at the time. This led to much talk about Bolshevism being a Jewish plot. The result was that the subject of financing the Communist takeover of Russia became taboo. Later evidence indicates that the bankrolling of the Bolsheviks was handled by a syndicate of international bankers, which in addition to the Schiff-Warburg clique, included Morgan and Rockefeller interests. Documents show that the Morgan organization put at least $1 million in the Red revolutionary kitty. {*}

Footnote:

* Higedorn, Herman, The Magnate, John Day, N.Y. See also Washington Post, Feb. 2, 1918, p. 195. Still another important financier of the Bolshevik Revolution was an extremely wealthy Englishman named Lord Alfred Milner, the organizer a/id head of a. secret organization called “The Round Table” Group which was backed by Lord Rothschild (discussed in the next chapter).

De Goulevitch notes further:

“On April 7, 1917, General Janin made the following entry in his diary (‘Au G.C.C. Russe’-At Russian G.H.Q.-Le Monde Slave, Vol. 2, 1927, pp. 296-297): Long interview with R., who confirmed what I had previously been told by M. After referring to the German hatred of himself and his family, he turned to the subject of the Revolution which, he claimed, was engineered by the English and, more precisely, by Sir George Buchanan and Lord [Alfred] Milner. Petrograd at the time was teeming with English. … He could, he asserted, name the streets and the numbers of the houses in which British agents were quartered. They were reported, during the rising, to have distributed money to the soldiers and incited them to mutiny.”

De Goulevitch goes on to reveal: “In private interviews I have been told that over 21 million roubles were spent by Lord Milner in financing the Russian Revolution.”

It should be noted parenthetically that Lord Milner, Paul, Felix and Max Warburg represented “their” respective countries at the Paris Peace Conference at the conclusion of World War I.

If we can somehow ascribe Max Warburg’s financing of Lenin to-.German “patriotism,” it was certainly not “patriotism” which inspired Schiff, Morgan, Rockefeller and Milner to bankroll the Bolsheviks. Both Britain and America were at war with Germany and were allies of Czarist Russia. To free dozens of German divisions to switch from the Eastern front to France and kill hundreds of thousands of American and British soldiers was nothing short of treason.

In the Bolshevik Revolution we see many of the same old faces that were responsible for creating the Federal Reserve System, initiating the graduated income tax, setting up the tax-free foundations and pushing us into WWI. However, if you conclude that this is anything but coincidental, your name will be immediately expunged from the Social Register.

No revolution can be successful without organization and money. “The downtrodden masses” usually provide little of the former and none of the latter. But Insiders at the top can arrange for both.

What did these people possibly have to gain in financing the Russian Revolution? What did they have to gain by keeping it alive and afloat, or, during the 1920’s by pouring millions of dollars into what Lenin called his New Economic Program, thus saving the Soviets from collapse?

Why would these “capitalists” do all this? If your goal is global conquest, you have to start somewhere. It may or may not have been coincidental, but Russia was the one major European country without a central bank. In Russia, for the first time, the Communist conspiracy gained a geographical homeland from which to launch assaults against the other nations of the world. The West now had an enemy.

In the Bolshevik Revolution we have some of the world’s richest and most powerful men financing a movement which claims its very existence is based on the concept of stripping of their wealth men like the Rothschilds, Rockefellers, Schiffs, Warburgs, Morgans, Harrimans, and Milners. But obviously these men have no fear of international Communism. It is only logical to assume that if they financed it and do not fear it, it must be because they control it. Can there be any other explanation that makes sense? Remember that for over 150 years it has been standard operating procedure of the Rothschilds and their allies to control both sides of every conflict. You must have an “enemy” if you are going to collect from the King. The East-West balance-of-power politics is used as one of the main excuses for the socialization of America. Although it was not their main purpose, by nationalization of Russia the Insiders bought themselves an enormous piece of real estate, complete with mineral rights, for somewhere between $30 and $40 million.

Lord Alfred Milner, wealthy Englishman and front man for the Rothschilds, served as paymaster for the international bankers in Petrograd during the Bolshevik Revolution. Milner later headed secret society known as The Round Table which was dedicated to establishing a world government whereby a clique Of super-rich financiers would control the world under the guise of Socialism. The American subsidiary of this conspiracy is called the Council on Foreign Relations and was started by. and is still controlled by Leftist international bankers.

According to his grandson John, Jacob Schiff (above), long-time associate of the Rothschilds, financed the Communist Revolution in Russia to the tune of $20 million. According to a report on file with the State Department, his firm, Kuhn loeb and Co. bankrolled the first five year plan for Stalin. Schiff’s partner and relative, Paul Warburg, engineered the establishment of the Federal Reserve System while on the Kuhn Loeb payroll. Schiff’s descendants are active in the Council on Foreign Relations today.

Home of the Council on Foreign Relations on 68th St. in New York The admitted goal of the CFR is to abolish the Constitution and replace our ones independent Republic with a World Government. CFR members have controlled, the last six administrations. Richard Nixon has been a member and has appointed at least 100 CFR members to high positions in his administration.

We can only theorize on the manner in which Moscow is controlled from New York, London and Paris. Undoubtedly much of the control is economic, but certainly the international bankers have an enforcer arm within Russia to keep the Soviet leaders in line. The organization may be SMERSH, the international Communist murder organization described in testimony before Congressional Committees and by Ian Fleming in his James Bond books. For although the Bond novels were wildly imaginative, Fleming had been in British Navy intelligence, maintained excellent intelligence contacts around the world and was reputedly a keen student of the international conspiracy.

We do know this, however. A clique of American financiers not only helped establish Communism in Russia, but has striven mightily ever since to keep it alive. Ever since 1918 this clique has been engaged in transferring money and, probably more important, technical information, to the Soviet Union. This is made abundantly clear in the three volume history Western Technology and Soviet Economic Development by scholar Antony Sutton of Stanford University’s Hoover Institution on War, Revolution and Peace. Using, for the most part, official State Department documents, Sutton shows conclusively that virtually everything the Soviets possess has been acquired from the West. It is not much of an exaggeration to say that the U.S.S.R. was made in the U.S.A. The landscape painters, unable to refute Sutton’s monumental scholarship, simply paint him out of the picture.

At Versailles, this same clique carved up Europe and set the stage for World War II. As Lord Curzon commented: “It is not a peace treaty, it is simply a break in hostilities.” In 1933, the same Insiders pushed FDR into recognizing the Soviet

Union, thus saving it from financial collapse, while at the same time they were underwriting huge loans on both sides of the Atlantic for the new regime of Adolph Hitler. In so doing they assisted greatly in setting the stage for World War II, and the events that followed. In 1941, the same Insiders rushed to the aid of our “noble ally,” Stalin, after his break with Hitler. In 1943, these same Insiders marched off to the Teheran Conference and proceeded to start the carving up of Europe after the second great “war to end war.” Again at Yalta and Potsdam in 1945, they established the China policy … later summarized by Owen Lattimore: “The problem was how to allow them [China] to fall without making it look as if the United States had pushed them.” The facts are inescapable. In one country after another Communism has been imposed on the local population from the top down. The most prominent forces for the imposition of that tyranny came from the United States and Great Britain. Here is a charge that no American enjoys making, but the facts lead to no other possible conclusion. The idea that Communism is a movement of the downtrodden masses is a fraud.

None of the foregoing makes sense if Communism really is what the Communists and the Establishment tell us it is. But if Communism is an arm of a bigger conspiracy to control the world by power-mad billionaires (and brilliant but ruthless academicians who have shown them how to use their power) it all becomes perfectly logical.

It is at this point that we should again make it clear that this conspiracy is not made up solely of bankers and international cartelists, but includes every field of human endeavor. Starting with Voltaire and Adam Weishaupt and running through John Ruskin, Sidney Webb, Nicholas Murray Butler, and on to the present with Henry Kissinger and John Kenneth Galbraith, it has always been the scholar looking for avenues of power who has shown the “sons of the very powerful”‘ how their wealth could be used to rule the world.

We cannot stress too greatly the importance of the reader keeping in mind that this book is discussing only one segment of the conspiracy, certain international bankers. Other equally important segments which work to foment labor, religious and racial strife in order to promote socialism have been described in numerous other books. These other divisions of the conspiracy operate independently of the international bankers in most cases and it would certainly be disastrous to ignore the danger to our freedom they represent.

It would be equally disastrous to lump all businessmen and bankers into the conspiracy. One must draw the distinction between competitive free enterprise, the most moral and productive system ever devised, and cartel capitalism dominated by industrial monopolists and international bankers. The difference is the private enterpriser operates by offering products and services in a competitive free market while the cartel capitalist uses the government to force the public to do business with him. These corporate socialists are the deadly enemies of competitive private enterprise.

Liberals are willing to believe that these “robber barons” will fix prices, rig markets, establish monopolies, buy politicians, exploit employees and fire them the day before they are eligible for pensions, but they absolutely will not believe that these same men would want to rule the world or would use Communism as the striking edge of their

conspiracy. When one discusses the machinations of these men, Liberals usually respond by saying, “But don’t you think they mean well?”

However, if you think with logic, reason and precision in this field and try to expose these power seekers, the Establishment’s mass media will accuse you of being a dangerous paranoid who is “dividing” our people. In every other area, of course, they encourage dissent as being healthy in a “democracy.”