The US is the largest debtor nation in the world. It didn't matter as long as everyone needed dollars. Now that the Petrodollar is dead, and the US dollar on it's way out as the world's reserve currency, all those dollars are about to start flooding back home like bounced checks.
Besides the petrodollar, we also had the world's largest military and took what our corporations wanted. We also created the IMF to coerce other nations. The US is the largest Racketeer nation in the world. This is why we have access to a far larger % of the world's resources.
Excerpt from a speech delivered in 1933 by General Smedley Butler, USMC
War is just a racket. There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
It may seem odd for me, a military man to adopt such a comparison. Truthfulness compels me to. I spent thirty-three years and four months in active military service as a member of this country's most agile military force, the Marine Corps. I served in all commissioned ranks from Second Lieutenant to Major-General. And during that period, I spent most of my time being a high class muscle-man for Big Business, for Wall Street and for the Bankers.
I suspected I was just part of a racket at the time. Now I am sure of it. Like all the members of the military profession, I never had a thought of my own until I left the service. My mental faculties remained in suspended animation while I obeyed the orders of higher-ups. This is typical with everyone in the military service.
I helped make Mexico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested.
During those years, I had, as the boys in the back room would say, a swell racket. Looking back on it, I feel that I could have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.
linkIt's a sordid tale of fascist intrigue by some of America's most famous corporate and political families (including members of FDR's own party) which was deliberately covered up by both the only Congressional Committee to investigate the plot, and also by the leading media outlets of the day including the New York Times. And the truly scary part is that the plot might very well have succeeded if not for the bravery of a single, progressive leader: Marine General, Smedley Butler.
These plotters represented some of America's richest and most famous names of the time:
* Irenee Du Pont - Right-wing chemical industrialist and founder of the American Liberty League, the organization assigned to execute the plot.
* Grayson Murphy - Director of Goodyear, Bethlehem Steel and a group of J.P. Morgan banks.
* William Doyle - Former state commander of the American Legion and a central plotter of the coup.
* John Davis - Former Democratic presidential candidate and a senior attorney for J.P. Morgan.
* Al Smith - Roosevelt's bitter political foe from New York. Smith was a former governor of New York and a co-director of the American Liberty League.
* John J. Raskob - A high-ranking Du Pont officer and a former chairman of the Democratic Party. In later decades, Raskob would become a "Knight of Malta," a Roman Catholic Religious Order with a high percentage of CIA spies, including CIA Directors William Casey, William Colby and John McCone.
* Robert Clark - One of Wall Street's richest bankers and stockbrokers.
* Gerald MacGuire - Bond salesman for Clark, and a former commander of the Connecticut American Legion. MacGuire was the key recruiter to General Butler.
They chose MacGuire as the point man to approach Butler with their proposal. The plot would be funded by Dupont and Morgan money funneled through an organization they had recently created to oppose Roosevelt, the American Liberty League. (The League was funded by donations from US Steel, General Motors, Chase Manhattan Bank, Standard Oil, Goodyear and the Dupont family, among others. Not surprisingly, the League would later actively oppose almost every major piece of New Deal legislation, including, but not limited too Social Security).
Butler was supposed to be the "famous name" who would recruit an army of out of work war veterans to march on Washington. It was thought that his popularity with the troops would make it easy for him to rally them to the cause of supplanting Roosevelt as the effective head of government. As proposed,
They wanted General Butler to deliver an ultimatum to Roosevelt. Roosevelt would pretend to become sick and incapacitated from his polio, and allow a newly created cabinet officer, a "Secretary of General Affairs," to run things in his stead. The secretary, of course, would be carrying out the orders of Wall Street. If Roosevelt refused, then General Butler would force him out with an army of 500,000 war veterans from the American Legion. But MacGuire assured Butler the cover story would work:
"You know the American people will swallow that. We have got the newspapers. We will start a campaign that the President's health is failing. Everyone can tell that by looking at him, and the dumb American people will fall for it in a second..."
The businessmen also promised that money was no object: Clark told Butler that he would spend half his $60 million fortune to save the other half.
And what type of government would replace Roosevelt's New Deal? MacGuire was perfectly candid to Paul French, a reporter friend of General Butler's:
"We need a fascist government in this country... to save the nation from the communists who want to tear it down and wreck all that we have built in America. The only men who have the patriotism to do it are the soldiers, and Smedley Butler is the ideal leader. He could organize a million men overnight."
Indeed, it turns out that MacGuire travelled to Italy to study Mussolini's fascist state, and came away mightily impressed. He wrote glowing reports back to his boss, Robert Clark, suggesting that they implement the same thing.
The plot collapsed when Butler went public in late 1934 and exposed the conspiracy.
A letter, dated 1936, from William Dodd, the U.S. Ambassador to Germany, to President Roosevelt makes clear:
"A clique of U.S. industrialists is hell-bent to bring a fascist state to supplant our democratic government and is working closely with the fascist regime in Germany and Italy. I have had plenty of opportunity in my post in Berlin to witness how close some of our American ruling families are to the Nazi regime.... A prominent executive of one of the largest corporations, told me point blank that he would be ready to take definite action to bring fascism into America if President Roosevelt continued his progressive policies. Certain American industrialists had a great deal to do with bringing fascist regimes into being in both Germany and Italy. They extended aid to help Fascism occupy the seat of power, and they are helping to keep it there. Propagandists for fascist groups try to dismiss the fascist scare. We should be aware of the symptoms. When industrialists ignore laws designed for social and economic progress they will seek recourse to a fascist state when the institutions of our government compel them to comply with the provisions."
linkThe business plotters orchestrated Hitler's rise to power. National City Bank funded Hitler's rise to power, and ran Germany's business interests in the US for them during the war.
Standard Oil shipped oil to Hitler through Spain. Remington Arms provided them with ammunition. Goodyear provided rubber. Dupont provided Farben with chemicals and ran Farben's US holdings. Bethlehem Steel shipped Krupp coke for making steel. Throughout most of WWII, they were traitors to their country.
These are the fascists in America.
"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst and provide for it." - Patrick Henry
The level of injustice and wrong you endure is directly determined by how much you quietly submit to. Even to the point of extinction.
