Friday, March 02, 2012

History lesson (War profiteers)

International banks like to lend to governments that borrow more money than individuals or businesses. Governments are considered a sure thing because they can tax citizens to pay interest and repay loans. Some governments even allow bankers to dictate national policy in return for favoring them with loans. Nothing generates government borrowing faster than a war.

The Rothchild banking interests financed both sides of the Franco/Prussian War and our Civil War in the 1860s. In 1902, a Rothchild associate, Paul Warburg, emigrated from Germany and married into the powerful banking family of Kuhn, Loeb and Company. He joined an elite group including Bernard Baruch, the Rockefellers, J. P. Morgan and other predecessors of today's New York banking elite.

Warburg's group helped split the Republican ticket in 1912 by financing Teddy Roosevelt and his "Progressive" independent party run which cinched Woodrow Wilson's election. These greedy Progressives backed Wilson because they wanted a profitable war to finance. Ironically, Wilson ran on an anti-war agenda and campaigned against war. Have you heard the term "Progressive" recently? Has there been war talk lately?

America had an isolationist, anti-war sentiment in 1912. In 1916, Winston Churchill ordered a report on what American opinion would be on entering the war in Europe if a ship were sunk carrying American passengers. Germany even took out ads in New York papers warning of the consequences of passenger ships carrying arms and munitions to England.

In spite of the warnings, the Lusitania sunk in only eighteen minutes after being struck by one German torpedo. The thickening plot reveals that she was running at reduced speed under direct orders from her home office and was loaded with munitions. Do you think that could have been a set-up to get America into the war?

As Casey Stengal, the famous old baseball manager, would say, "You can look it up!"

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