Archiv: Wall Street


02.05.2020 - 17:48 [ Coalition to Oppose the Arms Trade - coat.ncf.ca ]

William S. Knudsen (1879-1948)

Knudsen became president of GM in 1937 and served in that position until 1940.

That year, President Roosevelt’s National Defense Advisory Commission was revived and Knudsen was put in charge. He probably felt at home with U.S. Steel’s Edward Stettinius, a Council on Foreign Relations member who later became Secretary of State (1944-1945), and Sears’ chairman, Donald Nelson, the anti-Semite who chaired the America First Committee, an influential outfit that strongly opposed fighting Nazism. By 1941, Knudsen was co-chairing the Office of Production Management to oversee the country’s armament program. He probably felt less at home though with Roosevelt’s choice of co-chair, Sidney Hillman, a Jewish labour leader. But, all-in-all, WWII was highly profitable for Knudsen and his company. GM received $14 billion in contracts from the U.S. War Production Board, which was conveniently chaired by Knudson. GM’s vehicle factories in Germany churned out most of Hitler’s army trucks and many bomber aircraft engines for the Nazi war effort. In 1942, Knudsen was recognized in a special way by the U.S. Army. No he wasn’t arrested for conflict of interest or conspiring to arm the enemy, he became the first civilian to be made a U.S. Army General.

02.05.2020 - 10:45 [ Archives.gov ]

Guide to House Records: Chapter 22: 1910-1946 Nazi and Other Propaganda

22.87 The committee was frequently referred to as the McCormack-Dickstein Committee in reference to its chairman and vice chairman, John W. McCormack of Massachusetts and Samuel Dickstein of New York. It conducted public and executive hearings intermittently between April 26 and December 29, 1934, in Washington, DC; New York; Chicago; Los Angeles; Newark; and Asheville, NC, examining hundreds of witnesses and accumulating more than 4,300 pages of testimony. The committee accumulated evidence regarding individuals and organizations who worked to establish in the United States policies followed by the Nazis in Germany, the Fascists in Italy, and the Communists in Russia. The committee gave particular attention to the organization and activities of Friends of New Germany and Silver Shirts of America. The committee submitted its report on February 15, 1935 (H. Rept. 153, 74th Cong., 1st sess., Serial 9890).

02.05.2020 - 10:31 [ BBC ]

The Whitehouse Coup

(23. July 2007)

Document uncovers details of a planned coup in the USA in 1933 by right-wing American businessmen

The coup was aimed at toppling President Franklin D Roosevelt with the help of half-a-million war veterans. The plotters, who were alleged to involve some of the most famous families in America, (owners of Heinz, Birds Eye, Goodtea, Maxwell Hse & George Bush’s Grandfather, Prescott) believed that their country should adopt the policies of Hitler and Mussolini to beat the great depression.

02.05.2020 - 10:28 [ Counterpunch.org ]

Wall Street’s Failed 1934 Coup

(2. December 2011)

Not a one of them was ever called to testify or was charged with Treason. Virtually all of them were founding members of the Council on Foreign Relations (CFR).

The League was headed by the DuPont and J.P Morgan cartels and had major support from Andrew Mellon Associates, Pew (Sun Oil), Rockefeller Associates, E.F. Hutton Associates, U.S. Steel, General Motors, Chase, Standard Oil and Goodyear Tires.

23.06.2019 - 13:38 [ Bernie Sanders, candidate for President / Twitter ]

The corporate wing of the party thinks we’re an “existential threat” because we want to: -Make health care a right -Break up big banks -Save the planet -Make college tuition-free -End endless wars -Make the wealthy pay their fair share If that makes us a „threat,” so be it.

21.06.2019 - 14:55 [ theGuardian.com ]

Wall Street hits record high, as Iran tensions send oil price up – as it happened

(20.06.2019)

17h ago 21:22
Wall Street closes at record high

Boom! Hopes that US interest rates will be cut next month have sent Wall Street to a new all-time closing high.

25.04.2019 - 14:19 [ New York Times ]

Joe Biden Announces 2020 Run for President

Mr. Biden is seen by many Democrats as a trustee of former President Barack Obama’s legacy, perhaps capable of restoring the consensus-seeking liberalism of Mr. Obama’s administration. The former vice president has encouraged that perception, labeling himself to reporters in early April as an “Obama-Biden Democrat” and suggesting that accounts of the left wing’s ascendancy in the party were greatly exaggerated.

30.12.2018 - 18:19 [ TheRealNews / Youtube ]

Bernie Sanders: Concentrated Wealth is Concentrated Power

Sen. Sanders joins Paul Jay who asks if breaking up the big banks is enough to weaken the power of Wall St.

30.12.2018 - 17:59 [ CNBC.com ]

Bernie Sanders: America is ‚owned and controlled by a small number of multi-billionaires‘

„We live in a nation owned and controlled by a small number of multi-billionaires whose greed, incredible greed, insatiable greed, is having an unbelievably negative impact on the fabric of our entire country,“ Sanders told Paul Jay, CEO and senior editor of The Real News Network, in an interview posted Thursday.

10.11.2018 - 23:56 [ The New York Times ]

Ex-Goldman Sachs Banker Said Colleagues Were Involved in 1MDB Scandal

A former Goldman Sachs banker who helped orchestrate the looting of a multibillion-dollar Malaysian government investment fund told a federal judge that several other employees of the prestigious Wall Street firm had also been involved, according to a court filing unsealed Friday.

21.06.2018 - 09:30 [ wsws.org ]

Vermögen der Top-Millionäre stieg 2017 auf 70 Billionen Dollar

Der Aktienmarkt dient den Zentralbanken und Regierungen auf der ganzen Welt als primärer Mechanismus, um den Reichtum der Finanzoligarchie zu erhöhen. Sie beherrscht die Weltwirtschaft und alle offiziellen Einrichtungen der Gesellschaft und diktiert den Regierungen, welche Politik gemacht wird. Seit Jahrzehnten organisieren die Zentralbanken, angeführt von der US-Notenbank, in Zusammenarbeit mit den Regierungen der offiziellen „Linken“ genau wie der Rechten, bewusst einen riesigen Wohlstandstransfer von der Arbeiterklasse zur herrschenden Elite, indem sie eine Politik betreiben, die darauf abzielt, die Finanzmärkte anzukurbeln.

Diese Maßnahmen wurden seit dem Finanzcrash 2008 noch verstärkt. Die Fed und die US-Regierung, zunächst unter Bush und dann unter Obama, reagierten auf den Zusammenbruch der Wall Street mit Maßnahmen, um sicherzustellen, dass die Oligarchen alle ihre Verluste ausgleichen und die Krise nutzen konnten, um sich weiter zu bereichern. Zusätzlich zur Rettung der Banken und Hedge-Fonds mit Billionen von Dollar an Steuergeldern, gaben sie der Wall Street mit Hilfe von nahezu Null-Zinssätzen praktisch kostenlose Kredite, und sie nutzten die „quantitative Lockerung“ – ein Euphemismus für das Gelddrucken –, um die notleidenden Kredite der Banken in die Bilanz der Fed abzuladen.

15.05.2018 - 12:47 [ Tim Canova for Congress / actionnetwork.org ]

Contribute now to Tim Canova for Congress

Our politics and economy are increasingly rigged in favor of Wall Street banks and giant corporations. All too often, elected officials represent these narrow special interests rather than the rest of us. We must challenge this business as usual and demand accountability. Let’s take back our country and restore our democracy.