Oct 15, 2009
Hitler's Banker Friends
Creators of a Central bank for Central Banks
Top Documentary Films
Banking With Hitler
"...the powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.
This system was to be controlled in a feudalistic fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.
The apex of the system was to be The Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations."
-- Carroll Quigley
-- Tragedy and Hope: A History of the World in Our Time
'The real truth .. is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson - and I am not wholly excepting the administration of W[oodrow]. W[ilson].
The country is going through a repetition of Jackson's fight with the Bank of the United States - only on a far bigger and broader basis.'
-- President Franklin Roosevelt told Edward M. House
-- (November 21, 1933)
FDR speaking to Edward House was like speaking directly to the banking cartel themselves. Edward House wrote the book Philip Dru: Administrator
, a portrayal of communist Nirvana under a central world government.
The Creation of an international Central Bank
for all national Central Banks
After World War I, the need for a "settlement bank" was suggested in 1929 by the Young Committee, as a means of transfer for German reparations payments.
(Innocent enough, so far -- a "temporary settlement bank" for Germany to repay WW1 debts.)
The plan was agreed in August of that year at a conference at the Hague, and a charter for the bank was drafted at the International Bankers Conference at Baden Baden in November. The charter was adopted at a second Hague Conference on January 20, 1930.
(Notice the coincidence that this preparation was a mere two months prior to the beginning of the World Financial Crash of '29.)
Thus was created The Bank for International Settlements
The BIS was created to act as a trustee for the Dawes and Young plan Loans which were international loans issued to finance reparations.
(Meaning -- Germany defaulted in 1923 on its war debts under the Treaty of Versailles, so the Dawes Plan was created where America loaned Germany money, so that Germany could repay their war debts to England and France. That is, the bankers, corporations and governments of England and France harmed during their war with Germany were paid in full by loans from America, with Germany making installment payments to America.
Dawes would receive the 1925 Nobel Peace Prize for his plan.
In 1929, the Young Committee restructured the Dawes loans, created the BIS and American bankers would become very involved in German industry.)
What started to become interesting are the actors.
The main actors in the establishment of the BIS were the then Governor of The Bank of England, Montague Norman and his German colleague Hjalmar Schacht.
Under [Montaque] Norman's Governorship, the bank [of England] underwent significant change. In 1931 the United Kingdom permanently abandoned the gold standard, at which point the bank's foreign exchange and gold reserves were transferred to the British Treasury.
He was a close friend of the German Central Bank president Hjalmar Schacht and the godfather to one of Schacht's grandchildren. Both were members of the Anglo-German Fellowship and the Bank for International Settlements.
Norman's exact role and responsibility as director of the BIS during the time when 6,000,000 English pounds of Czechoslovak gold held in the Bank of England was transferred to the German Reichsbank in 1939, is yet to be determined.
German Central Bank President Hjalmar Schacht would later become Adolf Hitler's finance minister.
The original board of directors of the BIS included two appointees of Hitler, Walter Funk a prominent Nazi official, and Emil Puhl, both convicted at the Nuremberg trials after World War II, as well as Herman Schmitz the director of IG Farben and Baron von Schroeder, the owner of the J.H.Stein Bank, the bank that held the deposits of the Gestapo.
The sinister motives start to show when the secondary reason for the creation of the BIS is said to promote central bank cooperation in general.
A Central Bank is a national bank which promotes cooperation among banks on a national level.
A central bank is a central prerequisite for centralized socialist control.
But the BIS was to promote cooperation among "Central Banks" on an international level.
Promoted to the unsuspecting public as a means to handle German war reparations, the world financial crisis immediately transforms it into an international Central Bank to the Central Banks of nations.
All playing to the international League of Nations concept.
The BIS was to be a Central Bank for Central Banks.
This gets complicated because after WW2, the British government and Chase Bank (Jewish Rothschild's bank) wanted to keep the BIS; while voting to dissolve the bank was FDR's team of Harry Dexter White (A proven Judeo-Communist spy) and Secretary of the Treasury Henry Morganthau (probably also Judeo-Communist).
Why did Morganthau want it dissolved? -- Because it helped Hitler loot assets from occupied countries. It looks bad to keep it going.
Why did Chase want to keep it open? -- Because Chase wanted a Central Bank which could control all other Central Banks.
As a result of allegations that the BIS had helped the Germans loot assets from occupied countries during World War II, the United Nations Monetary and Financial Conference recommended the "liquidation of the Bank for International Settlements at the earliest possible moment."
Of course, they never did dissolve the bank, nor would it have matter, as the world's central banks would have simply reformed the BIS as a newly laundered global central bank.
Banking with Hitler
In the documentary Banking with Hitler
, contrary to anyones expectations, American and British bankers are clearly shown financing Hitler both before and during WW2.
American and British Bankers who by the way had far more than their fair share of Jewish Sadducee, were working hand-in-hand with Hitler appointees.
In the documentary, JP Morgan Chase is clearly shown to be complicit. If you remember, JP Morgan Chase is the union of the Rockefeller dynasty and the JP Morgan dynasty. JP Morgan's investments in America in the 1880's were all done covertly using Rothschild money for fear that America would reject European Jewish money flooding into America and buying up all her large industries.
Therefore, JP Morgan Chase is a Jewish banking dynasty who openly consorted with Nazi bankers intimate with Hitler.
This is provided as evidence for the conspiracy theorists who believe that part-Jewish Hitler was the man who jumped out in front of German nationalists to help corral them into a grand plan to gain a homeland for the Jews immediately after WW2. (Personally, I'm still unconvinced either way about Hitler being pro-Jewish or anti-Jewish.)
Notation of the documentary Banking With Hitler
(2:00) Documentation from the files of Henry Morganthau, FDR's Treasury of the Treasury, explain how British and American bankers created the Bank of International Settlement which then financed Hitler both before and during WW2.
(2:50) Professor Charles Kindleberger (BIS 1939-1940) explains how the BIS was created as a "club for central bankers".
(4:00) Dr. Erin Jacobsson, a young economics student in Basel remembers being a "friend of the family" to the central bankers.
(5:30) Hitler becomes chancellor of Germany in 1933 and appoints Hjalmar Schacht as the head of the Reichbank and Nazi representative at the BIS. Even Hitler was morally aghast at the way Schacht would swindle people out of their money.
"It was his consummate skill at swindling other people which made him indispensable at the time. After all, seeing that the whole gang of financials are a bunch of crooks, what possible point was there in being scrupulously honest with them. Before each meeting of the International Bank at Basel half the world was anxious to know whether Schacht would attend or not. It was only after the assurance that he would be there that the Jew bankers of the entire world packed their bags and prepared to attend.
(6:45) The BIS channeled investments into Germany for the expansion of her economy. No new investments were made after Hitler came to power, but existing investments were renewed annually. 294 million Swiss gold francs had been channeled into Germany by 1939.
In spite of his abilities, I could never trust Schacht, for I had often seen how his face lite up when he succeeded in swindling someone out of a hundred mark note. "
-- Adolph Hitler
(9:35) Austria and Germany united in the spring of 1938. The BIS transferred 22 tons of Austrian gold into the hands of Hitler.
(10:40) On March 16, 1939, while Hitler's troops were occupying Czechoslovakia, Montaque Norman was still expressing faith in the BIS.
"The BIS, whose monthly meetings in Switzerland, provide invaluable opportunities of contact, started in the difficult times of 1930, but already has fully shown its worth, and will surely prove it in the future."
(11:09) After occupied Czechoslovakia, Hitler demanded and received Czechoslovakia's gold stored at the BIS, same as it had done with Austria's gold.
-- Montaque Norman
(11:30) This time though, Czech gold had been sent to the Bank of England for safekeeping. The BIS was requested to retrieve the gold and once again, Montaque Norman was complicit in transferring 6 million pounds of gold to Hitler.
(16:15) WW2 began with the invasion of Poland. Holland and Belgium's gold reserves helped Germany.
(17:40) In June of 1940, France fell.
(19:35) Reports from good sources were reaching FDR that England's Montaque Norman and his good friend Germany's Hjalmar Schacht were negotiating a separate peace. On July 25th, 1942, FDR cabled Churchill about his concerns. Churchill denied any such plans.
(23:00) Thomas McKittrick was the President of the BIS and was a neutral while at work for the BIS. Leaving for a trip to America through still free France, he was awarded a visa to travel back to Basel through Axis power Italy.
(29:05) Chase National Bank in Paris is accused of colluding with the Nazi and German industry.
(30:20) While America was still at peace, Chase froze the bank accounts of Jews when not actually told to do so.
(33:22) Up until April 1945, the BIS handled gold obtained from Holocaust victims to convert into Swiss francs.
Dr. Emil Puhl (August 28, 1889 - 1962) was a Nazi economist and banking official during World War II. He was director and vice-president of Germany's Reichsbank during World War II and also served as a director for the Bank for International Settlements (BIZ) at Basel (Switzerland). Puhl was convicted of crimes against humanity for laundering the gold of murdered Jews and sentenced to 5 years in prison.
(38:08) For all the pro-German activity documented here, there was one who was decidedly anti-German [and pro-Communist Russia -- see (42:30)]. American Secretary of the Treasury Henry Morganthau presented his "Morganthau Plan" which would prevent Germany from re-industrializing. Under the "Morganthau Plan", Germany would become strictly rural. This is a communist "back-to-basics" plan similar to Mao's Agrarian Reforms, where Chinese city dwellers were sent out into the countryside and starved to death.
(39:00) FDR dies and Morganthau resigns. No action taken against Barclays, Westminster or Chase banks. BIS continued business as usual.
(40:10) Hjalmar Schacht was acquitted at Nuremberg, but in 1947, A German court convicted him of crimes and sentenced him to 8 years of hard labor for war crimes. Appealing the next year, he was freed and set up his own bank.
(40:40) Montaque Norman became Lord Montaque Norman and went down in history as the longest serving governor of the Bank of England.
(40:48) Thomas McKittrick resigned as the head of the BIS, returned to America and became a Vice President of Chase Bank.
(41:00) Resichbank president Emil Puhl was released after serving 4 years and 7 months in prison. Afterwards, Puhl petitioned to enter the United States under the sponsorship of Chase Bank.
(42:15) Those who fought the bankers did not do so well. The war against Nazism was over, replaced by the war on communism.
(42:30) Henry Morganthau's second in command, Harry Dexter White, was revealed under the Venona Project of being a communist spy for Russia.
(42:40) Many others under Morganthau were also discovered to be communist. Brilliant economists -- but communist economists nevertheless.
You can read further at The Problem.
You can read further at The Solution.
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