The title is the assertion made by Professor Anthony Sutton in his meticulously researched book 'Wall Street and the Bolshevik Revolution'. The article below is taken from the Hidden Evil website and is a brief look at some of the key points made in the book. The conclusion reached is that not only was Wall Street a major funder of Communist Russia, it was the actual creator of it. Personally I suspect the bankers were acting as agents for a slightly higher authority but that doesn't detract from the ramifications of the conclusion.
In the Hidden Evil article Professor Hutton is quoted as warning:
"The synthesis sought by the Establishment is called the New World Order. Without controlled conflict this New World Order will not come about. ... And this is being done with the calculated, managed, use of conflict. ... This explains why the International bankers backed the Nazis, the Soviet Union, [and] North Korea ... against the United States. The 'conflict' ... [builds] profits while pushing the world ever closer to One World Government. The process continues today."
It certainly does continue today.
Wall Street funded Communists
Professor Sutton stated, "Western textbooks on Soviet economic development omit any description of the economic and financial aid given to the 1917 Revolution and subsequent economic development by Western Firms and banks." "In the Bolshevik Revolution we have some of the world's richest and most powerful men financing a movement which claims its very existence is based on the concept of stripping of their wealth," declared Allen. "[M]en like the Rothschilds, Rockefellers, Schiffs, Warburgs, Morgans, Harrimans, and Milners."
Perloff agreed, "Jacob Schiff, the head of Kuhn, Loeb and Co., heavily bankrolled the [Communist] revolution. This was reported by White Russian General Arsine de Goulevitch in his book Czarism and the Revolution." "According to his grandson John," described Allen, "Jacob Schiff ... long-time associate of the Rothschilds, financed the Communist Revolution in Russia to the tune of $20 million." He continued, "According to a report on file with the State Department, his firm, Kuhn Loeb and Co. bankrolled the first five year plan for Stalin," and added, "Schiff's descendents are active in the Council on Foreign Relations today."
Referring to the emergence of a communist dictatorship which resulted from the Bolshevik Revolution in 1917, Professor Marrs wrote that they were funded by "Germany and America. ... Their repugnant campaign to purify and cleanse Mother Russia and to seek world domination resulted in ... [millions of] human beings wiped out and brutally purged..." He attested, "Brown Brothers Harriman" helped finance it with "money made possible by it and the affiliated Guaranty Trust Company." Professor Sutton agreed, writing "W. Averell Harriman was a director of Guaranty Trust Company" and "was involved in the Bolshevik Revolution."
On February 3, 1949, the New York Journal-American stated, "Today it is estimated even by Jacob's grandson, John Schiff, a prominent member of New York Society, that the old man sank about $20,000,000 for the final triumph of Bolshevism in Russia. Other New York banking firms also contributed."
Referring to a June 15, 1933, Congressional Record, Allen wrote "Congressman Louis McFadden, chairman of the House Banking Committee, maintained in a speech to his fellow Congressman: "The Soviet government has been given United States Treasure funds by the Federal Reserve Board and the Federal Reserve Banks acting through the Chase Bank and the Guaranty Trust Company and other banks in New York City. ... Open up the books of Amtorg, the trading organization of the Soviet government in New York, and of Gostorg, the general office of the Soviet Trade Organization, and of the State Bank of the Union of Soviet Socialist Republics and you will be staggered to see how much American money has been taken from the United States' Treasury for the benefit of Russia."
"Now our textbooks tell us that the Nazis and Soviets were bitter enemies and their systems are opposites," observed Professor Sutton. But in the "1920s, W. Averell Harriman was a prime supporter of the Soviets with finance and diplomatic assistance ... [and] participated in RUSKOMBANK," which was "the first Soviet commercial bank. Furthermore, Max May, the Vice President of Guaranty Trust, which was dominated by Harriman and Morgan, became the first Vice-President of Ruskombank." However, declared Professor Sutton, "Averell Harriman, his brother Roland Harriman, and ... E.S. James and Knight Woolley, through the Union Bank ... were prime financial backers of Hitler." He asked, "How could a rational man support Soviets and Nazis at the same time?"
A curious dilemma arises when faced with the documented fact that Wall Street funded both Communists and Nazis. First, it would seem these two forms of government are at opposite ends of the political spectrum. And that capitalists would see them as a threat to their growth. Allen provides a possible answer, writing, "But obviously these men have no fear of international Communism. It is only logical to assume that if they financed it, and are willing--even eager--to cooperate with it, it must be because they control it. Can there be another explanation that makes sense?" He adds, "Remember that for over 100 years it has been a standard operating procedure of the Rockefellers and their allies to control both sides of every conflict."
Before Winston Churchill became Prime Minister of Great Britain, he acknowledged a conscious effort of wealthy people to install a communist dictatorship in Russia. He wrote in the February 18th, 1920 issue of the London Illustrated Sunday Herald, that "From the days of Spartacus [Adam] Weishaupt ... to those of Karl Marx, to those of Trotsky, Bella Kuhn, Rose Luxembourg, and Emma Goldman, this world-wide conspiracy has been steadily growing." He affirmed, "It has been the mainspring of every subversive movement during the 19th century; and now at last, this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their heads and have become practically undisputed masters of that enormous empire."
After the Bolshevik Revolution, Wall Street ensured the communists would retain control of Russia. Professor Sutton described this effort when he wrote, "On may 1st, 1918, when the Bolsheviks controlled only a small fraction of Russia (and were to come near to losing even that fraction in the summer of 1918), the American League to Aid and Cooperate with Russia was organized in Washington, D.C to support the Bolsheviks. This was not a 'Hands off Russia' type of committee formed by the Communist Party U.S.A or its allies. It was a committee created by Wall Street with George P. Whalen of Vacuum Oil Company as Treasurer and Coffin and Oudin of General Electric, along with Thompson of the Federal Reserve System, Willard of the Baltimore and Ohio Railroad, and assorted socialists."
"The Bolsheviks were not a visible political force at the time the Czar abdicated," Allen wrote. "And they came to power not because of the downtrodden masses of Russia called them back, but because very powerful men in Europe and the United States sent them in. "They [Lenin and Trotsky] joined up, and, by November, though bribery, cunning, brutality and deception, they were able (not to bring the masses rallying to their cause, but) to hire enough thugs and make enough deals to impose out of the gun barrel what Lenin called 'all power to the Soviets.'"
"Having created their colony in Russia," said Allen, "the Rockefellers and their allies have struggled mightily ever since to keep it alive. Beginning in 1918 this clique has been engaged in transferring money and, probably more important, technical information to the Soviet Union." Perloff agreed, writing, "Probably no name symbolized capitalism more than Rockefeller. Yet that family has for decades supplied trade and credit to Communist nations. After the Bolsheviks took power, the Rockefellers' Standard Oil of New Jersey bought up Russian oil fields, while Standard Oil of New York built the soviets a refiner and made an arrangement to market their oil in Europe. During the 1920's the Rockefellers' Chase Bank helped found the American-Russian Chamber of Commerce, and was involved in financing Soviet raw material exports and selling Soviet bonds in the U.S."
According to Senator Barry Goldwater, Chase Manhattan built a truck factory in Russia which could also be used to produce armored vehicles such as tanks and even rocket launchers. Perloff echoed, "American technology helped the Soviets construct the $5 billion Kama River truck factory ... [which was] successfully converted by the Kremlin to military purposes."
Wall Street continued to aid the Russian communists as they supplied the Vietnamese communists that Americans were fighting in Vietnam, says Allen. In the late 60s Rockefeller and other industrialists built synthetic rubber plants and an aluminum factory totaling about 250 million dollars. Professor Sutton observed, "these American capitalists were willing to finance and subsidize the Soviet Union while the Vietnam War was underway, knowing that the Soviets were supplying the other side."
An article appeared in the New York Times on January 16, 1967, which carried the headline, Eaton Joins Rockefellers to Spur Trade with Reds. Perloff summed up the story, "The ensuing story noted that the Rockefellers were teaming up with tycoon Cyrus Eaton, Jr., who was financing for the Soviet block the construction of a $50 million aluminum plant and rubber plants valued at over $200 million." He added, "The Chase, which maintains a branch office at 1 Karl Marx Square in Moscow, has gained notoriety for financing projects behind the Iron Curtain."
Pictured left is Averill Harriman of the CFR (center) with Stalin (right) & Winston Churchill.(*) W. Averill Harriman was made U.S. Ambassador to the USSR in 1941. Allen wrote, "Sutton quotes a report by Averell Harriman to the State Department in June, 1944 as stating: 'Stalin paid tribute to the assistance rendered by the United States to Soviet industry before and during the war.'" "It is not an exaggeration to say that the USSR was made in the USA," observed Allen.
Referring to Professor Sutton's book, Wall Street and the Bolshevik Revolution, he wrote, "No one has even attempted to refute Sutton's almost excessively scholarly works. They can't. But the misinformation machines that compose our mediacracy can ignore Sutton. And they do." The book, added Perloff, "is based on assiduous research, including a deeper probe into State Department files."
Professor Sutton warned, "The synthesis sought by the Establishment is called the New World Order. Without controlled conflict this New World Order will not come about. ... And this is being done with the calculated, managed, use of conflict. ... This explains why the International bankers backed the Nazis, the Soviet Union, [and] North Korea ... against the United States. The 'conflict' ... [builds] profits while pushing the world ever closer to One World Government. The process continues today."
The evidence that these researchers present, which includes mainstream news and State Department records, suggests that Communist Russia was not only heavily funded by Wall Street, but was the actual creation of Wall Street. The Communist Revolution was instigated by Wall Street. Wall Street continued to build Russia even as they supplied aid to a country that America was at war with. Because they created communist Russia, they must have known about the millions of people being murdered.