Wall Street and FDR: The Cliff Notes

For those of you who didn't have the time to be diligently reading my blog for the latest entry in our book-blogging series on how FDR was Wall Street's, well being a lady, I just can't say it! Anyway, I thought I would summarize the book with links on my posts in this series should any of these subjects pique your interest. I'm a firm believer in getting down to the source. That's why I so respect Dr. Sutton's work as he gets down to the wire and looks in the private papers (that have been made public, but not published), to get the inside baseball. Suffice it to say, this is not history the bankster owned History Channel is going to break down and spoon feed you.

So I'll just summarize and embellish the little nuggets we've found out about our man FDR, who every conservative by now realizes totally set up this country for Epic Fail with unfunded entitlements.  You knew that there was something weird about him, but you couldn't put your finger on it. Wonder no more as we expose him for the anti-American crook that he was. Harsh? I don't think so. Read on...

Chapter 1: Roosevelts and Delanos

Learn about how high finance is just a family tradition.
Why do you deal bonds?
Why do the independents go broke? 

Why must you buy up all the Krauts that poor through the reparations that you wrote?
Over and over, if I just get obscenely wealthy gaming the peasants, it's just a family tradition...

So anyway, we find Franklin just an ol' New York boy, a product of his raisin'. His Uncle Fred wrote a paper on what the year 2000 would look like and said that people were too stupid to use their land properly, calling for the public control of private property. Clinton Roosevelt, one of FDR's kin from the 1840s. wrote a book calling for communism. (See chap 6)  ------------>
But the best summary of this chapter comes from editor William Allen White in 1943:
These international combinations of industrial capital are fierce troglodyte animals with tremendous power and no social brains. They hover like an old silurian reptile about our decent more or less Christian civilization—like great dragons in this modern day when dragons are supposed to be dead.

Well, doesn't that describe Leviathan perfectly? This is the enemy of the Republic, by the way. Swapping out middlemen, like Obama for Romney won't change anything -- they've been building upon and expanding this modus operendi for decades now with much success. Let's further explore how they do it:

Chapter 2: Bonding with Politics
Read all about the snakes nest of politicians in the bonding industry. When reform was suggested, FDR moved adroitly to quash it. Here's the quote at the top of the chapter that gives you the essence of it all:

I am going to take advantage of our old friendship and ask you if you can help me out any [sic] in an effort to get fidelity and contract bonds from the powers that be in Brooklyn.Franklin D. Roosevelt to Congressman J. A. Maher, March 2, 1922. Source: Private Papers of FDR located at his library. 

FDR was working for Fidelity Bonding out of Baltimore, but used his New York connections to grab up the business for Fidelity.

Chapter 3: Sucking Germany Dry
You know that Germany had to agree to reparations as part of the Armistace after World War One, but what was so unfair about it was the way the German people, who didn't have a lot of say in their county going to war in the first place were punished with total destruction of their currency. Then the Wall Street vultures came in and bought up everything - family estates, art, anything and everything was to be had incredibly cheap. This also set the stage for World War II, as we will learn in our next series. You'll learn about the International Germanic Trust, founded in 1927 by none other than FDR, the head of IG Farben (supplier of gas for the holocaust), as well as the Harrimans.

Chapter 4: FDR is the Consummate Salesman
You're never going to hear in mainstream or even in conservative circles how FDR wheeled and dealed from his office at the infamous (only to those who study this stuff) 120 Broadway.
Sutton sums it up in Chapter 1 this way:

 It surely earns FDR the title of Wall Streeter par excellence. Most who work on "the Street" never achieve, and probably never even dream about achieving, a record of 11 corporate directorships, two law partnerships, and the presidency of a major trade association.

This chapter also discusses the details of the American International Corporation, which he helped buy German patents for, which by law were supposed to be offered publicly first. Lots of Logan Act violation and such in this chapter.

Chapter 5: Making Society Work for the Few
Frederic C Howe's maxim gets played to the max -- make society work for you. Bottom line: the big boys of business hate your guts and want to run your life. Sutton sums up:

What was the philosophy of the financiers so far described? Certainly anything but laissez-faire competition, which was the last system they envisaged. Socialism, communism, fascism or their variants were acceptable. The ideal for these financiers was "cooperation," forced if necessary.Individualism was out, and competition was immoral. On the other hand, cooperation was consistently advocated as moral and worthy, and nowhere is compulsion rejected as immoral. Why? Because, when the verbiage is stripped away from the high-sounding phrases, compulsory cooperation was their golden road to a legal monopoly. Under the guise of public service, social objectives, and assorted do-goodism it is fundamentally "Let society go to work for Wall Street."

Chapter 6: Prelude to the New Deal
We explore the collectivist background of the Roosevelt family, as well as set the stage for the New Deal. Characters in our little drama are introduced. Learn their names, they are responsible in large part for the mayhem we see around us.

Chapter 7: Trade Councils
In order to shut down the independent entrepreneurs, the Elites use licensing and trade associations. This is just a step for them to achieve more controls.

The nerve you have to have to lie to the American people like this is really astounding. He's sitting up there giving a speech against himself!! Organized money is a great new description of what Leviathan looks like.

Chapter 8: Wall Street Buys the New Deal
When you achieve a certain amount of success, and have no sense of righteousness or love of humanity, one can become bent on total domination. As a mountain climber is always looking for the next highest peak, so the banksters look for more avenues of control just for the sake of it. So in this chapter you will find the ever consulting BM (Bernard Baruch) figuring on how to best lock up sections of the economy.

Chapter 9: Corporate Socialists
Naming names and laying out the plans the Wall Streeters were jockeying to give us. Several proposals for a National Recovery Administration were given, read about the Swope Plan and the contenders in the appendix below. These plans were very similar and most included insurance plans and industry regulations, which of course hurt he entrepreneurs and bolster the monopolistic corporations.

Gen. Smedley Butler

Chapter 10: The Plot to Take the White House
The exciting story of General Smedley Butler exposing some Wall Streeters planning to go the fascist route to collectivism. Contrary to popular opinion, they didn't want to overthrow FDR, but put in a shadow secretary, who would do a lot of the president's duties by proxy.

Chapter 11: 120 Broadway

Once again, we see this address surface as the source of much intrigue and political conspiracy. You'll recall that the funds and assistance for the Bolshevik Revolution were almost completely run from offices at this address. 

Appendix:

The Swope Plan - written by the head of General Electric, you can read it and weep, for today it is our national policy.

The list of those wanting to centrally plan the US economy in 1932. Each group/person submitted their own plan for a National Recovery Administration, as discussed in Chapter 8:

American Engineering Council, New York.
American Federation of Labor, Washington.
Associated General Contractors, Washington.
Charles A. Beard, New Milford, Conn.
Ralph Borsodi, author and economist. New York.
Chamber of Commerce of the United States, Washington.
Stuart Chase, author and economist. Labor Bureau, New York.
Wallace B. Donham, Dean, Harvard School of Business.
Fraternal Order of Eagles (Ludlow bill).
Jay Franklin, author, The Forum.
Guy Greer, economist, The Outlook.
Otto Kahn, banker. New York.
Senator Robert M. La Follette, U.S. Senate.
Lewis L. Lorwin, economist, Brookings Institute, Washington.
Paul M. Mazur, investment banker. New York.
McGraw-HiIl Publishing Co., New York.
New England Council, Boston.
Progressive Conference (La Follette bill).
P. Redmond, economist, Schenectady, N.Y.
Sumner Slichter, economist and author, Madison Wis.
George Soule, editor, The New Republic.
C. R. Stevenson, of Stevenson, Jordan, and Harrison, New York.
Gerard Swope, president, General Electric Co.
Wisconsin Regional Plan, State Legislature, Madison, Wis.
National Civic Federation, New York.

1. List Compiled by U.S. Dept. of Commerce.




The sad thing is that these people are all prisoners of their own device. Watch as Eleanor shills for the Big Agra product, margarine, just one molecule away from plastic: