Reichstag Fire

War Crimes and War Profiteering

By Norman D. Livergood

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All Americans should constantly remind themselves that the George Bush who is now being touted as a great leader:

We should be aware that current president Bush isn't the first in his family to engage in war profiteering. George Bush: The Unauthorized Biography by Webster G. Tarpley and Anton Chaitkin, reminds us that on October 20, 1942, the U.S. government ordered the seizure of Nazi German banking operations in New York City that were being conducted by Prescott Bush, the father of former president George Herbert Walker Bush.

Other Revelations in George Bush: The Unauthorized Biography

Under the Trading with the Enemy Act, the U.S. government took over the Union Banking Corporation, in which Prescott Bush was a director. The U.S. Alien Property Custodian seized Union Banking Corporation stock shares, all of which were owned by E. Roland Harriman, Prescott Bush, three Nazi executives, and two other associates of Prescott Bush.

Hitler and his financial backers

President Franklin Roosevelt's Alien Property Custodian, Leo T. Crowley, signed Vesting Order Number 248 seizing the property of Prescott Bush under the Trading with the Enemy Act. The order, published in obscure government record books and kept out of the news, explained nothing about the Nazis involved; only that the Union Banking Corporation was run for the Thyssen family of Germany and/or Hungary, nationals of a designated enemy country.

This act by the U.S. government made it clear that Prescott Bush and the other directors of the Union Banking Corp. were in essence front men for the Nazis. By keeping news of this seizure quiet, the American government avoided the more important issue: in what way were Hitler and his Nazi cohorts set up, armed, and supported by the New York and London cartel of which Prescott Bush was an executive manager?


On Oct. 28, the government issued orders seizing two Nazi front organizations run by the Bush-Harriman bank: the Holland-American Trading Corporation and the Seamless Steel Equipment Corporation.

Nazi interests in the Silesian-American Corporation, long managed by Prescott Bush and his father-in-law, George Herbert Walker, were seized under the Trading with the Enemy Act on November 17, 1942. In this action, the government announced that it was seizing only the Nazi interests, leaving the Nazis' U.S. partners to carry on the business.

These were actions taken by the U.S. government during wartime, but Prescott Bush and his collaborators had already played a central role in financing and arming Adolf Hitler for his takeover of Germany. Harriman, Bush and the others in the cabal had financed the buildup of Nazi war industries for the conquest of Europe and war against the U.S.A. They had also helped in the development of Nazi genocide theories and racial propaganda, with the slave labor and extermination camps as the result.

Rob the Poor and Give Billions to the Rich

Bush and Cheney

While working class people were burying their dead in New York City, GM, GE, IBM, Enron and other Fortune 500 companies who put Bush into power were paying off their lackeys in Congress. The so-called "Economic Stimulus" bill gives tax cuts to the corporate fat cats to the tune of $70 billion a year.

But this soak-the-poor-to-give-to-the-rich scam isn't just for next year to stimulate the economy, it's RETROACTIVE FOR 15 YEARS! So IBM will get $1.4 billion, GM $833 million, GE $671 million, etc. Enron, the Houston energy company and a major Bush supporter, would get $254 million. Guess what ordinary workers get!

Fat Cats get billions while unemployed get pittance (Daily Ration)

Bush has already given away $40 billion of our hard-earned tax dollars to war profiteering CEOs. But the Congressional Budget Office has estimated that the recent House-passed bill would provide only $2.3 billion in supplemental unemployment benefits by the end of next September, 2002. The airline industry alone got a $15 billion bailout package, and they have laid off 100,000+ Americans with families to support.

This year CEOs gave themselves, through a board vote (with other CEO's siting on these boards), on average a 22% raise. Executive pay jumped 571% between 1990 and 2000. If the minimum wage, which stood at $3.80 an hour in 1990, had grown at the same rate as CEO pay over the decade, it would now be $25.50 an hour, instead of $5.15 an hour.

Bush Senior In Collusion with the Bin Laden Family

Bin Laden and his advisor/controller

Since he left office, ex-President and ex-CIA Director George Bush, working as a consultant, has been using his influence and contacts for the Washington-based Carlyle Group, a $12 billion private equity firm and eleventh largest defense contractor in the U.S. Carlyle's portfolio is heavily invested in defense and telecommunications firms.The Bin Laden family has large investments in Carlyle. The New York Times has reported that former President George Bush met with the bin Laden family in Saudi Arabia in 1998 and 2000.


Bush senior's Carlyle connection means he is on the payroll of corporate interests that receive defense contracts from the U.S. government while his son is president. Charles Lewis of the Washington-based Center for Public Integrity, indicated that "in a really peculiar way, George W. Bush could, some day, benefit financially from his own administration's decisions, through his father's investments."

Former president Bush and Saudi rulers

Bush Senior specializes in Saudi Arabia and therefore has a personal interest in the corrupt Saudi regime's survival and continued profitability. The public-interest law firm Judicial Watch earlier this year strongly criticized Bush senior for his ties with the Bin Laden family, pointing out in a March 5 statement that it is a "conflict of interest [which] could cause problems for America's foreign policy in the Middle East and Asia."

In a Sept. 29 statement, Judicial Watch added that, "This conflict of interest has now turned into a scandal. The idea of the president's father, an ex-president himself, doing business with a company under investigation by the FBI in the terror attacks of September 11 is horrible." Judicial Watch demanded that President Bush make his father pull out of the Carlyle Group.

The New York Times on October 26, 2001 reported that, "The Saudi family of Osama bin Laden is severing its financial ties with the Carlyle Group, a private investment firm known for its connections to influential Washington political figures, executives who have been briefed on the decision said today." Some of those influential figures include George H.W. Bush and his son, President Bush.

Bush and advisor

George junior is no slouch when it comes to shady deals with the Bin Laden family and other crooked interests such as drugs.

"In 1979, Bush’s first business, Arbusto Energy, obtained financing from James Bath, a Houstonian and close family friend. One of many investors, Bath gave Bush $50,000 for a 5 percent stake in Arbusto. At the time, Bath was the sole U.S. business representative for Salem bin Laden, head of the wealthy Saudi Arabian family and a brother (one of 17) to Osama bin Laden. It has long been suspected, but never proven, that the Arbusto money came directly from Salem bin Laden. In a statement issued shortly after the September 11 attacks, the White House vehemently denied the connection, insisting that Bath invested his own money, not Salem bin Laden’s, in Arbusto.

"In conflicting statements, Bush at first denied ever knowing Bath, then acknowledged his stake in Arbusto and that he was aware Bath represented Saudi interests. In fact, Bath has extensive ties, both to the bin Laden family and major players in the scandal-ridden Bank of Commerce and Credit International (BCCI) who have gone on to fund Osama bin Laden. BCCI defrauded depositors of $10 billion in the ’80s in what has been called the 'largest bank fraud in world financial history' by former Manhattan District Attorney Robert Morgenthau. During the ’80s, BCCI also acted as a main conduit for laundering money intended for clandestine CIA activities, ranging from financial support to the Afghan mujahedin to paying intermediaries in the Iran-Contra affair."

Bush Watch

The Way the World Operates

Do not ask questions--Believe the government--Silence the media

While Americans are being brainwashed by TV and presidential rhetoric to become mindless cult followers of jingoistic militarism, the movers and shakers are making their billions. Some of them even give strong clues as to what's really going on.

Catherine Austin Fitts, a managing director of the Wall Street investment bank Dillon Read, raised more than $100,000 in 1988 for the Bush Presidential Campaign. Her boss at Dillon Read, Nicholas Brady, a Bush confidant, was appointed Secretary of the Treasury in the Bush administration. Fitts was appointed Assistant Secretary at HUD.

In 1999, in numerous radio and print interviews, Fitts connected the dots as to what's happening in the world: Bush and Clinton
So we can see that since the Bushes control Texas and Florida, the Democratic Party and the Clintons and other party leaders desperately need to control New York and California.

Carl Levin (D-Mich.) has documented that 300 billion dollars a year in drug money moves through the US banking system. $300 billion laundered results in $1.8 trillion dollars per year in U.S. cash transactions resulting from the drug trade. No wonder all the largest corporations are in the money-laundering business--along with whatever else they do.

We Must Change the Present System Before It Destroys Everything

The present system is based on international criminal activity as the business paradigm, with collaboration between governments, multinational corporations, and mafias. This system will collapse unless the economic model is turned upside down--so that it becomes profitable to engage in legitimate enterprises. The present crime-based international system--with its dependence on drug capital--can only be sustained ultimately by a police state.

1930s poster dipicting Hitler hiding behind the claim of legality

New "war on terrorism" and "law and order" programs involving the Department of Justice and HUD, such as Project "Safe Streets," "Weed and Seed," and the almost hysterical "Uniting and Strengthening America (USA) Act," butcher the Constitution and are harbingers of an already emerging police state. The Congress, the Supreme Court, and the press fail to condemn the current Bush administration's onslaught against constitutional rights. Bush/Ashcroft defenders claim that secret trials for any person deemed to be a terrorist are legal. The earlier congressional and White House investigations into the CIA drug connection also demonstrate the heedless arrogance and blatant criminality of a system out of control.

The insanity of the present system is indicated by such runaway crises as:
  • a monstrous derivatives bubble, to the tune of about 20 trillion dollars, that's about to burst

    Bush and advisor

  • a stock market that will almost inevitably crash and burn--even beyond its recent gargantuan losses

  • a resultant economic crash

  • the Bush regime's mad plan

    • to blame the economic crash on the "terrorist attacks"

    • to further cannibalize the American economy:

      • $40 billion for the military
      • $60 billion in tax cuts
      • $12 billion to the airlines
      • $20-$40 billion to beef up the intelligence agencies

    • to cover its fascist police-state regime with Reichstag fire-type propaganda: "we have to fight against terrorism by giving up our freedom"

It behooves us to remember that the current Bush administration stole the election in 2000. It is a reincarnation of the Bush senior regime that brought us:

These are experts in looting an economy.

What We Must Do--Now

NDL -- original article: 11/10/01

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