bush family and the nazis

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Balrog
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bush family and the nazis

#1

Post by Balrog » 08 Jan 2004, 20:25

i read a story on the internet that claimed president bush's grandfather made huge profits off investments with the company IG farber and some other nazi companies.

the story claimed that in 1942 the american government seized the bush family assets because they were viewed as aiding the nazis.

george bush sr. joined the navy as a pilot to help the family lose its "traitor" image.

other reports deny this story.

does anyone have credible evidence one way or the other?

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Andy H
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#2

Post by Andy H » 08 Jan 2004, 21:14

Just so we all understand each other on this thread. Only post known facts and not conjecture, and at the slightest deviation into other Bush affairs I'll close the thread.

Andy H


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Cantankerous
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Re: bush family and the nazis

#3

Post by Cantankerous » 02 May 2023, 03:56

In September 2004 files in the US National Archives were released showing that George W. Bush's grandfather, Prescott Bush, was a founder and one of seven directors of the Union Banking Corporation investment bank that operated as a clearing house for many assets and enterprises held by German steel magnate Fritz Thyssen, an early supporter and financier of the Nazi Party.

Links:
https://www.theguardian.com/world/2004/ ... ndworldwar
https://historynewsnetwork.org/article/8354
https://patch.com/iowa/iowacity/bush-familys-ties-nazis

CogCalgary
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Re: bush family and the nazis

#4

Post by CogCalgary » 02 May 2023, 04:05

Cantankerous wrote:
02 May 2023, 03:56
In September 2004 files in the US National Archives were released showing that George W. Bush's grandfather, Prescott Bush, was a founder and one of seven directors of the Union Banking Corporation investment bank that operated as a clearing house for many assets and enterprises held by German steel magnate Fritz Thyssen, an early supporter and financier of the Nazi Party.

Links:
https://www.theguardian.com/world/2004/ ... ndworldwar
https://historynewsnetwork.org/article/8354
https://patch.com/iowa/iowacity/bush-familys-ties-nazis
Would this be the conduit through which American firms managed to move profits back to the U.S?

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wm
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Re: bush family and the nazis

#5

Post by wm » 02 May 2023, 04:42

That's an obvious hit piece from 2004 against contemporary President Bush.

The grandfather was evil because he and so many others invested in Germany under the Dawes Plan (the one that stabilized Germany and maybe even prevented a communist takeover.)
He was even more evil because he rubbed shoulders with the evil Fritz Thyssen - although Fritz Thyssen went anti-Nazi in 1937 and, for his anti-Nazi efforts, spent the war in concentration camps.

LineDoggie
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Re: bush family and the nazis

#6

Post by LineDoggie » 02 May 2023, 22:20

Prescott Bush was not a nazi by any means

Funny no one wants to mention his Boss- Averill Harriman was FDR's personal friend and envoy to Stalin who was head of the bank

Next geniuses read about the duties and legal responsibilities of a Fiduciary officer Bush had to own stock on Thyssen's investments to exercise voting on those investments. Standard practice then and today. Had he not done his utmost for his client he could be imprisoned among other penalties



That's Averill Harriman of UBC standing behind FDR at Yalta speaking to WInston Churchill
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Re: bush family and the nazis

#7

Post by Carl Schwamberger » 05 May 2023, 23:09

Cantankerous wrote:
02 May 2023, 03:56
In September 2004 files in the US National Archives were released showing that George W. Bush's grandfather, Prescott Bush, was a founder and one of seven directors of the Union Banking Corporation investment bank that operated as a clearing house for many assets and enterprises held by German steel magnate Fritz Thyssen, an early supporter and financier of the Nazi Party.

Links:
https://www.theguardian.com/world/2004/ ... ndworldwar
https://historynewsnetwork.org/article/8354
https://patch.com/iowa/iowacity/bush-familys-ties-nazis
Chase Bank controlled by the Rockefeller family had a strong connection with the Reichsbank, which ran right up to the US DoW and legislation affecting such business connections. DuPont had a joint venture with IG Farben, both Ford and GM had sizable investments in Germany, which grew during the nazi era.

Up through 1934 the US had a lot of business connections with German businesses. That was in part a continuation of pre Great War trade, partly a US government effort to keep the German economy afloat and prevent damage to the US banks and businesses that were heavily invested in Germany. The Young Plan of 1925 & the later Dawes Plans were brokered by the US to keep the German economy from collapsing again & sustain trade. Yet another part of it was simply that there was profit in trade with German business.

In 1934 Hitler terminated German participation in these plans as part of his abrogation of the Versialles treaty. That was a hit on US banks that had survived the previous fours years of banking crisis and Depression. The Versialles treaty reparations payments and loan payments of the Dawes plan had been part of the cash flow of a number of large US banks & disrupting that was painful.

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