The nightmare for the world began in 1915, with the establishment of
an unholy partnership between the U.S. Government and the ‘War
Industries Board', for-runner of America's present day
'military-industrial complex'. Some of those seated on the board of
directors were Samuel P. Bush, great grandfather of George W. Bush, and
so-called chief of Ordnance for the Small Arms and Ammunition Section,
Wall Street banker Clarence Dillon, Samuel Pryor, executive committee
chairman of Remington Arms, and Bernard Baruch, who, as head of the War
Industries Board profited in excess of $200,000,000.
The members of the Board aptly came to be known as the "Merchants of Death." Using the facade of government to legitimize their operations, the War Industries Board represented the big munitions makers of the day who dispatched agents around the globe to sell the weapons and materials of war to both sides of any conflict. They bribed government officials and used their corporate influence and capitol to increase international tensions, which in turn generated demand and maximized profit.
It was during the First World War that Samuel P. Bush and the other board members amassed fortunes selling the weapons and materials of war not only to America but also to Germany. Most of the records and correspondence pertaining to Samuel P. Bush's activities on the War Industries Board were later burned mysteriously, "to save space" in the National Archives. When their business venture officially ended on November 11, 1918, some 37,508,686 human beings had been killed. It set a dangerous precedent for the destiny of America and the destiny of civilization itself. A small group of corporate manufactures, bankers, and industrialists had formulated a devilishly effective method by which profit is extracted from human suffering, war, and death, and their dark technique would be repeated and refined.
In 1922 while George Walker, was president at W. A. Harriman &
Co, Averell Harriman went to Berlin to set up a branch bank for the
company. While in Berlin Averell Harriman met with Fritz Thyssen, prime
sponsor of the German politician Adolph Hitler. It was at that time that
preliminary arrangements were made to establish a bank for Thyssen in
New York. Two years later, in 1924, W. A. Harriman & Co. formally
began the Union Banking Corporation in Manhattan, chiefly to handle
German funds supplied through the Thyssen-owned Nazi front Bank voor
Handel en Scheepvaart (BHS), in the Netherlands, for the mass purchase
of American commodities. The W. A. Harriman & Co executives labeled
these dealing as the "Hitler Project".
On May 1st 1926 Prescott Bush, grandfather of George W. Bush, close
friend of Bunny Harriman and fellow Bonesmen from their Yale class of
1917 joined W. A. Harriman & Co. as its vice president under the
bank's president and his father-in-law George Walker. In that same year
an associate of Prescott Bush's father, Samuel P. Bush, and “Merchants
of Death” board member Clarence Dillon, acquired $70 million dollars
from Fritz Thyssen to set up a massive organization named the Vereinigte
Stahlwerke (United Steel Works Corporation, or the German Steel Trust).
This would become Germany's largest industrial corporation.
Although Thyssen's accounts were run through the Walker-Bush organization and the German Steel Trust did its corporate banking separately through Dillon Read Company, U.S. government investigations revealed that Bush's Nazi-front bank had actually worked directly with Fritz Thyssen’s United Steel Works Corporation which had produced; 50.8% of Nazi Germany's pig iron, 41.4% of Nazi Germany's universal plate, 36.0% of Nazi Germany's heavy plate, 38.5% of Nazi Germany's galvanized sheet metal, 45.5% of Nazi Germany's pipes and tubes, 22.1% of Nazi Germany's wire, and 35.0% of Nazi Germany's explosives.
On Oct. 20, 1942, the U.S. government ordered the seizure of all
banking operations being carried out by Prescott Bush for the Nazis,
under the Trading with the Enemy Act, however by that time he and the
other associates at W.A. Harriman & Co. had already made their
fortunes financing and arming Adolph Hitler. Under the Trading with the
Enemy Act, the government was able to take over Union Banking
Corporation, and The U.S. Alien Property Custodian, seized the Union
Banking Corporation stock owned by Prescott Bush, E. Roland Harriman,
and his associates until the war ended. Prescott Bush eventually sold
his holding in Union Banking Corporation for $1,500,000.
The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.
His business dealings, which continued until his company's assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the Bush family by two former slave labourers at Auschwitz and to a hum of pre-election controversy.
The evidence has also prompted one former US Nazi war crimes prosecutor to argue that the late senator's action should have been grounds for prosecution for giving aid and comfort to the enemy."
the whole article if someone is interested:
http://www.theguardian.com/world/2004/sep/25/usa.secondworldwar
