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Editor’s Pick: For Nazi Industrialists And Hitler’s Banker “All Was Forgiven”

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In recent years, there has been much shock and stunned reactions among the general public as one after another banker avoided any prison time, despite perpetrating (and benefiting from the subsequent bailout) the biggest financial crisis know to mankind.

But is this shock warranted? The simple answer: no.

Consider the case of countless Nazi financiers and even Hitler’s personal banker, Hjalmar Schacht. What do they all have in common? Aside from (or perhaps due to) practically all having walked through the secretive corridors of the Bank of International Settlements, the one truly disturbing common theme is that virtually all avoided any significant prosecution for their participation in the Third Reich. In fact, as the following excerpt clearly reveals, the basis of Germany’s Fourth Reich, which in Adam LeBor’s words, “would be a financial, rather than a military imperium” was the work almost exclusively of Nazi financiers and bankers. And, of course, America’s backing and support of said Nazi bankers and industrialists.

Because when it comes to political winners and losers, the bankers will gladly support them all, and as such, no matter their prior actions, global financiers – who can and will bring down with them the entire financial system – have a perpetual immunity from the law, even if it means trillions in taxpayer bailouts, or hundreds of millions of casualties.

So the next time anyone is outraged that Lloyd or Jamie or Jon are not only walking free but have hundreds of millions in their bank accounts, advise them that if “all is forgiven” to Hitler’s personal banker, then there is clearly no hope that the judicial system will ever bring those criminals known elsewhere as “bankers” to justice.

The following is an excerpt from TOWER OF BASEL: The Shadowy History of the Secret Bank that Runs the World by Adam LeBor. Reprinted with permission from PublicAffairs.

CHAPTER TEN: ALL IS FORGIVEN

When detained in Dustbin, among a number of references to the financially great he pointed out that the President of the BIS, Mr. McKittrick of the United States, would be able to speak favourably of him.

     — British intelligence report on Hermann Schmitz, CEO of IG Farben, while held prisoner at Kransberg Castle, aka “Dustbin,” December 1945

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