19 Nov International bankers and the Bolshevik revolution
Since the early 1920s, numerous pamphlets and articles, even a few books, have sought to forge a link between “international bankers” and “Bolshevik revolutionaries.” Rarely have these attempts been supported by hard evidence, and never have such attempts been argued within the framework of a scientific methodology. Indeed, some of the “evidence” used in these efforts has been fraudulent, some has been irrelevant, much cannot be checked. Examination of the topic by academic writers has been studiously avoided; probably because the hypothesis offends the neat dichotomy of capitalists versus Communists (and everyone knows, of course, that these are bitter enemies). Moreover, because a great deal that has been written borders on the absurd, a sound academic reputation could easily be wrecked on the shoals of ridicule. Reason enough to avoid the topic.
Fortunately, the State Department Decimal File, particularly the 861.00 section, contains extensive documentation on the hypothesized link. When the evidence in these official papers is merged with nonofficial evidence from biographies, personal papers, and conventional histories, a truly fascinating story emerges. We find there was a link between some New York international bankers and many revolutionaries, including Bolsheviks. These banking gentlemen — who are here identified — had a financial stake in, and were rooting for, the success of the Bolshevik Revolution. Who, why — and for how much — is the story in “WALL STREET AND THE BOLSHEVIK REVOLUTION” by Antony C. Sutton
– Antony C. Sutton
In a few words: there is no such thing as Soviet technology. Almost all — perhaps 90–95 percent — came directly or indirectly from the United States and its allies. In effect the United States and the NATO countries have built the Soviet Union. Its industrial and its military capabilities. This massive construction job has taken 50 years. Since the Revolution in 1917. It has been carried out through trade and the sale of plants, equipment and technical assistance
– Letter to President Woodrow Wilson (October 17, 1918) from William Lawrence Saunders, chairman, Ingersoll-Rand Corp.; director, American International Corp.; and deputy chairman, Federal Reserve Bank of New York
Dear Mr. President:
I am in sympathy with the Soviet form of government as that best suited for the Russian people...
Sutton’s books (Wall Street and the Bolshevik Revolution, Wall Street and FDR and Wall Street and the Rise of Hitler) detailed Wall Street’s involvement in the Bolshevik Revolution to destroy Russia as an economic competitor and turn it into “a captive market and a technical colony to be exploited by a few high-powered American financiers and the corporations under their control“ as well as its decisive contributions to the rise of Adolf Hitler and Franklin Delano Roosevelt, whose policies he assessed as being essentially the same “corporate socialism,” planned by the big corporations. Sutton concluded that it was all part of the economic power elites’ “long-range program of nurturing collectivism” and fostering “corporate socialism” in order to ensure “monopoly acquisition of wealth” because it “would fade away if it were exposed to the activity of a free market.”
In his view, the only solution to prevent such abuse in the future was that “a majority of individuals declares or acts as if it wants nothing from government, declares it will look after its own welfare and interests” or, specifically, if “a majority finds the moral courage and the internal fortitude to reject the something-for-nothing con game and replace it by voluntary associations, voluntary communes, or local rule and decentralized societies.”
In Sutton’s own words he was “persecuted but never prosecuted” for his research and subsequent publication of his findings.
A most interesting read and a book full of STARTLING DISCLOSURES!