Prescott Bush, And The Golden Age Of War Profiteering

November 26, 2011
Randy Reynolds
http://www.addictinginfo.org/2011/11/26/prescott-bush-and-the-golden-age-of-war-profiteering/

When the Remingtons, duPonts, Rockefellers, Mellons, J.P. Morgan, George Herbert Walker, Samuel Bush and Prescott Bush, as well as other representatives of America’s corporate elite decided to overthrow the government of the United States in 1934, they recruited retired Marine General Smedley Butler to lead it.

Butler was a two-time winner of the Medal of Honor, a man with a first-rate mind. He intended from the outset to infiltrate the group and turn them in. He did so and Congress held hearings, (the McCormack-Dickstein Hearings) headed by future Speaker John McCormack.

The group had planned to replace President Franklin Roosevelt with someone who would at first be called an “Assistant to the President” to take over the day-to-day operations of government. Remington would supply the arms, Smedley would get the “bonus army”–a half million World War I veterans–to march on Washington and Roosevelt would be shunted aside as Chancellor Hitler (much admired by America’s industrialists) had done to President Hindenburg in Germany.

The group intended to establish a Fascist regime that would send undesirables, including the unemployed, the Jews and political opponents to concentration and/or extermination camps.

Portions of the coup were carried out. The group paid to “own” the editorial policy of 25 major newspapers and sent fellow-plotters to help edit those papers.

The U.S. Chamber of Commerce (co-founded by Samuel Bush) publicly proposed a plan to control “subversion” that would resemble the Patriot Act of Bush’s great-grandson’s Presidency in 2001.

After General Butler collected names and details, he went public. The story was a sensation for a couple of days, but was quickly pushed off the front pages by a “red scare”–stories of Communist infiltration of the IWW Union.

In the McCormack-Dickstein hearings, none of the powerful citizens involved in the plot was called to testify. They were above that sort of thing.

Although Prescott Bush was a lowly tire salesman when he married Dorothy Walker, his fortunes had quickly improved. His father-in-law George Herbert Walker elevated him to the vice-presidency of Brown Brothers Harriman, which financed exports of gold, steel, weapons and people to Nazi Germany.

Bush ran Hamburg-American passenger line on which American Nazi sympathizers emigrated to Germany under the tutelage of a Nazi “political director.” Bush also helped organize and run UBC, a bank holding company that oversaw many of Hitler’s worldwide investments.

From tire salesman to Hitler’s chief banker and exporter in America, Prescott Bush had come a long way by the time Hamburg-American and UBC were confiscated by the U.S. government. Instead of being tried for treason, his name was kept out of the spotlight and he was given 1.5 million dollars for his one share of stock in UBC.

Five years after World War II, a Connecticut senator died. Prescott Bush who maintained residences in four different states ran for the vacant seat and lost. Two years later another Connecticut senator died, and this time, Bush won.

He personally recruited Dwight D. Eisenhower to run for president. He and his fellow war profiteers would be bitterly disappointed by Eisenhower’s warnings against the military-industrial complex... but that was in the future.

Bush also pushed for Richard Nixon as Vice-President, and was a major donor to Nixon until well into the 1960's.

So there was a point in the 50's, when Prescott Bush must have felt like the king of the world:

* He had survived being implicated in a coup against a President of the United States.

* He had thrived even after the defeat of his major client, Adolf Hitler’s Nazi regime.

* He had avoided being tried for treason, though the Justice Department had considered it.

* Both the President and Vice-President of the United States were personally indebted to
him.

* His lawyer Allen Dulles was head of the CIA (and gave his boy George H.W. Bush a job.)

* His business partner John Foster Dulles was Secretary of State.

* His business partner Averell Harriman was Governor of New York, later Ambassador to
the Soviet Union.

* Best of all, wars were breaking out all over the globe.

It was the dawn of a golden age of war profiteering.

“War is a racket. It always has been… A racket is something that is not what it seems to the majority of the people. Only a small ‘inside’ group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.” –General Smedley Butler

“There is no historic parallel that can be drawn, nothing compares with the accomplishments of the Bush family. No dictator or tyrant can equal the suffering and destruction they have wrought on humanity, as they are not mere tyrants themselves, but the makers and breakers of tyrants, the organizers and profiteers of war and death. They are not alone and solely responsible for creating the present day military industrial complex, however since 1915 the Bush family has been directly involved in World War One and Two, the Korean War, the Vietnam War, numerous CIA secret wars, the Gulf War, and now a “Never Ending War”. The past four generations of this one family have had a hand in promoting and profiting from most of the major wars that America has waged since the beginning of the industrialized age.” –Schuyler Ebbets, Globalresearch

“The Walker-Bush cabal’s Nazi partners also helped finance–then profited from–the Auschwitz camp.” –Chris Floyd

“Every great family has its scandal. The Bush family’s scandal is that they funded Hitler and profited from the Holocaust.” –John Loftus

“…newly-uncovered government documents in The National Archives and Library of Congress reveal that Prescott Bush, the grandfather of President George W. Bush, served as a business partner of and U.S. banking operative for the financial architect of the Nazi war machine from 1926 until 1942, when Congress took aggressive action against Bush and his ‘enemy national’ partners.” –John Buchanan

“…in 1942, the U.S. government seized the Walker-Bush Nazi assets under the Trading With the Enemy Act. But the well-connected clan managed to bury the news in the back pages: brief mentions of the companies involved, but no names of the Establishment grandees behind them. They also pulled strings to keep their American assets from being seized as well, even though the profits from these enterprises were inextricably mixed with their Nazi loot. Prescott later cashed in these tainted assets for millions, a nest egg that helped launch him into the Senate and his son and grandson into the White House.” –Chris Floyd

“For six decades these historical facts have gone unreported by the mainstream U.S. media (except for the July 31, 1942 editions of the New York Herald and Washington Post.) The essential facts have appeared on the Internet and in relatively obscure books, but were dismissed by the media and Bush family as undocumented diatribes.” –John Buchanan

Sources:
http://digital-falcon.com/pipermail/toxickemail_digital-falcon.com/2005-September/000497.html
http://coat.ncf.ca/our_magazine/links/53/committee.html
http://www.carpenoctem.tv/cons/whitehouse.html
http://coat.ncf.ca/our_magazine/links/54/bush.html
http://www.tarpley.net/bush2.htm
http://www.counterpunch.org/floyd06102003.html
http://www.heatherwokusch.com/index.php?name=News&file=article&sid=86
http://www.countercurrents.org/pringle110407.htm
http://www.globalresearch.ca/index.php?context=viewArticle&code=EBB20061022&articleId=3558