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5 of 5 people found the following review helpful:
5.0 out of 5 stars
Yet more treason by Wall Street, Jul 24 2002
By A Customer
This book demonstrates how "American" multinational corporations, who entered into cartel agreements with I.G. Farben, German General Electric, and a few other firms allowed the Nazis to greatly increase the ability of Germany to wage war. Without many of the processes developed by American firms being given to the Germans, there is NO WAY that the Nazis could have fought as long as as hard as they did.Many Wall Street firms floated the loans to the German firms, allowing them to build their cartels which would later cost Americans and their allies many billions of dollars and millions of lives. The fact that there were Americans, some of them Jews like the Warburgs, on the Board of Directors of these same cartels that formed the Nazi war machine is mentioned. Sutton asks the obvious question. Why weren't the American members of these firms brought up on war crime charges like their German colleagues? I guess the obvious answer is that their American counterparts had influence in the conquering governments. Sutton also shows how ITT(International Telephone and Telegraph), G.E., Ford, and Standard Oil had no problem supplying both sides of the war. International financiers, of course, had no problem floating loans to both sides either. I guess that this should come as no surprise. Businessmen are motivated by profits first and patriotism second, if at all. This book is yet another demonstration of what Carroll Quigley meant by the close-knit ramifications of international financial capitalism. For critics of foreign aid and other such pracitces, here is another example of how it can come back to haunt the citizens of the lending country, while the elites laugh their way to the bank.
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