March 26, 2015
The possibility of an Iran nuclear deal
depressing weapons sales was raised by Myles Walton, an analyst
from Germany's Deutsche Bank, during a
Lockheed earnings call this past January 27.
Walton asked Marillyn Hewson, the chief executive of Lockheed Martin, if an
Iran agreement could,
"impede what you see as progress
in foreign military sales."
Financial industry analysts such as Walton use
earnings calls as an opportunity to ask publicly-traded
corporations like Lockheed about issues that might harm
Hewson replied that "that really
isn't coming up," but stressed that "volatility all around the
region" should continue to bring in new business.
According to Hewson,
"A lot of volatility, a lot of instability, a lot of
things that are happening" in both the Middle East and the
Asia-Pacific region means both are "growth areas" for Lockheed
The Deutsche Bank-Lockheed exchange,
"underscores a longstanding truism of the weapons trade: war -
or the threat of war - is good for the arms business," says
William Hartung, director of the Arms & Security Project at the
Center for International Policy.
Hartung observed that Hewson
described the normalization of relations with Iran not as a
positive development for the future, but as an "impediment."
"And Hewson's response," Hartung
adds, "which in essence is ‘don't worry, there's plenty of
instability to go around,' shows the perverse incentive
structure that is at the heart of the international arms
The President of Stanford University
(David Starr Jordan)
reported that banksters are the true power behind the throne,
and that - for many centuries - they've made their fortunes by
Former managing director of Goldman
Sachs - and head of the international analytics group at Bear
Stearns in London (Nomi Prins) -
Throughout the century that I
examined, which began with the Panic of 1907... what I found by
accessing the archives of each president is that
through many events and
periods, particular bankers were in constant communication [with
the White House] - not just about financial and
economic policy, and by extension trade policy, but also
about aspects of World War I,
or World War II, or the Cold War, in terms of the
expansion that America was undergoing as a superpower in the
world, politically, buoyed by the financial expansion of the
In the beginning of World War I,
Woodrow Wilson had adopted initially a policy of neutrality.
the Morgan Bank, which
was the most powerful bank at the time, and
which wound up funding over 75
percent of the financing for the allied forces during World War
I... pushed Wilson out of neutrality sooner than he
might have done, because of
their desire to be involved on one side of the war.
Now, on the other side of that war,
for example, was the National
City Bank, which, though they worked with Morgan in financing
the French and the British, they also didn't have a problem
working with financing some things on the German side, as did
When Eisenhower became president...
the U.S. was undergoing this expansion by providing, under his
doctrine, military aid and support to countries [under] the
so-called threat of being taken over by communism...
What bankers did was they opened up hubs, in areas such as Cuba,
in areas such as Beirut and Lebanon, where the U.S. also wanted
to gain a stronghold in their Cold War fight against the Soviet
Union. And so the juxtaposition of finance and foreign policy
were very much aligned.
So in the ‘70s, it became less
aligned, because though America was pursuing foreign policy
initiatives in terms of expansion,
the bankers found oil, and they made an extreme effort to
activate relationships in the Middle East, that then the U.S.
For example, in Saudi Arabia and so
forth, they get access to oil money, and then recycle it into
Latin American debt and other forms of lending throughout the
So that situation
led the U.S.
Indeed, JP Morgan also
purchased control over America's leading 25 newspapers in order
to propagandize US public opinion in favor of US entry into World
The U.S. Senate's Special Committee on
Investigation of the Munitions Industry
found connections between the wartime profits of the banking and
munitions industries to America's involvement in World War I.
Specifically, the Committee reported
that between 1915 and January 1917, the United States lent Germany
27 million dollars, and in the same period, it lent to the United
Kingdom and its allies 2.3 billion dollars, almost 100 times as
much, and so the US entered the war so that the lenders would get
repaid by their biggest debtors: The UK and its allies.
Subsequently, many big banks funded
reported in 1998:
Barclays Bank has
agreed to pay $3.6m to Jews whose assets were seized from French
branches of the British-based bank during World War II.
Bank, which has acknowledged seizing about 100 accounts held by
Jews in its Paris branch during World War II …
unclassified reports from the US Treasury about the activities
of Chase in Paris in the 1940s indicate that the local branch
worked "in close collaboration with the German authorities" in
freezing Jewish assets.
The New York Daily News
noted the same year:
The relationship between Chase and
the Nazis apparently was so cozy that Carlos Niedermann, the
Chase branch chief in Paris, wrote his supervisor in Manhattan
that the bank enjoyed "very
special esteem" with top German officials and "a rapid expansion
of deposits," according to Newsweek.
Niedermann's letter was written in
May 1942 five months after the Japanese bombed Pearl Harbor and
the U.S. also went to war with Germany.
reported in 1999:
A French government commission,
investigating the seizure of Jewish bank accounts during the
Second World War, says five American banks
Chase Manhattan, J.P Morgan,
Guaranty Trust Co. of New York, Bank of the City of New York
and American Express had taken part.
It says their Paris branches handed
over to the Nazi occupiers about one-hundred such accounts.
One of Britain's main newspapers - the
reported in 2004:
George Bush's grandfather [and
George H.W. Bush's father], the late US senator Prescott Bush,
was a director and shareholder of companies that profited from
their involvement with the financial backers of Nazi Germany.
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... continued
until his company's assets were seized in 1942 under the Trading
with the Enemy Act
The documents reveal that the firm
he worked for, Brown Brothers
Harriman (BBH), acted as a US base for the German
industrialist, Fritz Thyssen, who helped finance Hitler in the
1930s before falling out with him at the end of the decade.
The Guardian has seen evidence that
shows Bush was the director of the New York-based
Union Banking Corporation
(UBC) that represented Thyssen's US interests and he continued
to work for the bank after America entered the war.
Bush was a founding member of the
bank [UBC]... The bank was set up by Harriman and Bush's
father-in-law to provide a US bank for the Thyssens, Germany's
most powerful industrial family.
By the late 1930s, Brown Brothers
Harriman, which claimed to be the world's largest private
investment bank, and UBC had bought and shipped millions of
dollars of gold, fuel, steel, coal and US treasury bonds to
Germany, both feeding and financing Hitler's build-up to war.
Between 1931 and 1933 UBC bought
more than $8m worth of gold, of which $3m was shipped abroad.
According to documents seen by the
Guardian, after UBC was set up it transferred $2m to BBH
accounts and between 1924 and 1940 the assets of UBC hovered
around $3m, dropping to $1m only on a few occasions.
UBC was caught red-handed operating
a American shell company for the Thyssen family eight months
after America had entered the war and that this was the bank
that had partly financed Hitler's rise to power.
Indeed, banks often finance
both sides of wars:
And they are one of the main sources of
for nuclear weapons.
(The San Francisco Chronicle also
documents that leading financiers
Rockefeller, Carnegie and Harriman also
funded Nazi eugenics
programs... but that's a story for another day.)
The Federal Reserve and other
central banks also
help to start wars by financing them. Thomas Jefferson and the
father of free market capitalism, Adam Smith, both noted that the
financing wars by banks led to
more - and longer - wars.
And America apparently considers
economic rivalry to be a basis for war, and is
using the military to
contain China's growing economic influence.
Multi-billionaire investor Hugo Salinas
What happened to [Libya's] Mr.
Gaddafi, many speculate the
real reason he was ousted was that he was planning an
all-African currency for conducting trade.
The same thing happened to him
that happened to Saddam because the US doesn't want any solid
competing currency out there vs. the dollar. You know
Gaddafi was talking about a
Senior CNBC editor John Carney
Is this the first time a
revolutionary group has created a central bank while it is still
in the midst of fighting the entrenched political power? It
certainly seems to indicate how extraordinarily powerful central
bankers have become in our era.
Robert Wenzel of
Economic Policy Journal thinks the central
banking initiative reveals that foreign powers may have a
strong influence over the rebels.
This suggests we have a bit more
than a ragtag bunch of rebels running around and that there are
some pretty sophisticated influences. "I have never before heard
of a central bank being created in just a matter of weeks out of
a popular uprising," Wenzel writes.
many claim that recent wars have really been about bringing all
into the fold of Western central banking, and that the wars
against Middle Eastern countries are really about
forcing them into the dollar and private central banking.
The most decorated American military man
in history said that
'war is a racket,' and
Let us not forget the bankers who
financed the great war. If anyone had the cream of the profits
it was the bankers.
The big banks have also been
laundering money for terrorists.
The big bank employee
who blew the whistle on the banks' money laundering for
terrorists and drug cartels says that the giant bank is still aiding
The public needs to know that money
is still being funneled through HSBC to directly buy guns and
bullets to kill our soldiers... Banks financing... terrorists
affects every single American.
It is disgusting that our banks are
STILL financing terror on 9/11 2013.
According to the BBC and other sources,
Prescott Bush, JP Morgan and other leading financiers also funded a
coup against President Franklin Roosevelt in an attempt - basically
- to implement fascism in the U.S.
Americans are recognizing the link
between the military-industrial complex and the Wall Street
oligarchs - a connection that goes back to the beginning of the
modern U.S. empire.
Banks have always profited from war because the debt created
by banks results in ongoing war profit for big finance; and
because wars have been used to open countries to U.S. corporate
and banking interests.
Secretary of State, William Jennings
"the large banking interests were deeply interested
in the world war because of the wide opportunities for large
Many historians now recognize that a
hidden history for U.S. entry into World War I was to protect
U.S. commercial interests had invested heavily in European
allies before the war:
"By 1915, American neutrality was
being criticized as bankers and merchants began to loan money
and offer credits to the warring parties, although the Central
Powers received far less. Between 1915 and April 1917, the
Allies received 85 times the amount loaned to Germany."
total dollars loaned to all Allied borrowers during this period
The bankers saw that if Germany won, their
loans to European allies would not be repaid. The leading U.S.
banker of the era,
J.P. Morgan and his associates did everything they could to
the United States into the war on the side of England and
"We agreed that we should do all that was
lawfully in our power to help the Allies win the war as soon as
President Woodrow Wilson, who campaigned saying he
would keep the United States out of war, seems to have entered
the war to protect U.S. banks' investments in Europe.
The most decorated Marine in
Smedley Butler, described fighting for U.S. banks in many of
the wars he fought in.
"I spent 33 years and four
months in active military service and during that period I spent
most of my time as a high-class muscle man for Big Business, for
Wall Street and the bankers.
In short, I was a racketeer, a
gangster for capitalism.
I helped make Mexico and especially
Tampico safe for American oil interests in 1914. I helped make
Haiti and Cuba a decent place for the National City Bank boys to
collect revenues in. I helped in the raping of half a dozen
Central American republics for the benefit of Wall Street.
helped purify Nicaragua for the International Banking House of
Brown Brothers in 1902-1912. I brought light to the Dominican
Republic for the American sugar interests in 1916.
I helped make
Honduras right for the American fruit companies in 1903. In
China in 1927 I helped see to it that Standard Oil went on its
way unmolested. Looking back on it, I might 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."
Confessions of an Economic
Hit Man, John Perkins describes how
World Bank and IMF
loans are used to generate profits for U.S. business and saddle
countries with huge debts that allow the United States to
It is not surprising that former civilian military
leaders like Robert McNamara and Paul Wolfowitz went on to head
the World Bank.
These nations' debt to international banks
ensures they are controlled by the United States, which
pressures them into joining the "coalition of the willing" that
helped invade Iraq or allowing U.S. military bases on their
If countries refuse to "honor" their debts, the CIA or
Department of Defense enforces U.S. political will through coups
or military action.
More and more people are indeed
seeing the connection between corporate banksterism and
all wars are bankers' wars.
War Makes Banks Rich
Wars are the
fastest way for banks to create more debt... and
therefore to make more profit. No wonder they love war.
After all, the banking system is founded
upon the counter-intuitive but indisputable fact that
banks create loans first, and then create deposits later.
In other words, virtually all money is
actually created as debt.
For example, in a hearing held on
September 30, 1941 in the House Committee on Banking and Currency,
the Chairman of the Federal Reserve (Mariner S. Eccles) said:
That is what our money system is. If
there were no debts in our money system, there wouldn't be any
And Robert H. Hemphill, Credit Manager
of the Federal Reserve Bank of Atlanta, said:
If all the bank loans were paid, no
one could have a bank deposit, and there would not be a dollar
of coin or currency in circulation.
This is a staggering thought. We are
completely dependent on the commercial Banks. Someone has to
borrow every dollar we have in circulation, cash or credit. If
the Banks create ample synthetic money we are prosperous; if
not, we starve. We are absolutely without a permanent money
When one gets a complete grasp of
the picture, the tragic absurdity of our hopeless position is
almost incredible, but there it is. It is the most important
subject intelligent persons can investigate and reflect upon.
It is so important that our present
civilization may collapse unless it becomes widely understood
and the defects remedied very soon.
Debt (from the borrower's perspective)
owed to banks is profit and income from the bank's
perspective. In other words, banks are in the business of creating
more debt... i.e. finding more people who want to borrow larger
Debt is central to our banking
system. Indeed, Federal Reserve chairman Greenspan was so
worried that the U.S. would pay off it's debt, that he
suggested tax cuts for the wealthy to increase the
What does this have to do with war?
War is the most efficient
debt-creation machine. For starters, wars are very
For example, Nobel prize winning
economist Joseph Stiglitz estimated in 2008 that the Iraq war
could cost America up to
$5 trillion dollars. A
study by Brown University's Watson Institute for International
Studies says the Iraq war costs could exceed
when interest payments to the banks are taken into account.
This is nothing new… but has been going
on for thousands of years.
As a Cambridge University Press treatise
on ancient Athens
Financing wars is expensive
business, and the scope for initiative was regularly extended by
So wars have been a huge - and regular -
way for banks to create debt for kings and presidents who want to
try to expand their empires.
Major General Smedley Butler -
the most decorated Marine in American history - was right when he
Let us not forget the bankers who
financed the great war. If anyone had the cream of the profits
it was the bankers.
War is also good for banks because a
lot of material, equipment, buildings and infrastructure get
destroyed in war. So countries go into massive debt to finance war,
and then borrow a ton more to rebuild.
The advent of central banks hasn't
changed this formula. Specifically, the big banks ("primary
dealers") loan money to
the FED, and
charge interest for the loan.
So when a nation like the U.S. gets into
a war, the FED pumps out money for the war effort based upon loans
from the primary dealers, who make a killing in interest payments
from the FED.
War Is Horrible for the American People
Top economists say that war is
destroying our economy. But war is
great for the
super-elites... so they want to keep it going.
And America's never-ending wars are
national security. Never-ending wars are also
destroying our freedom. The Founding Fathers
warned against standing armies, saying that they destroy freedom.
Perversely, our government - which is a
wholly-owned subsidiary of the big banks - treats
anti-war sentiment - or
protest of big banks (and
here) - as terrorism.