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Chase Manhattan Bank's Right-Wing Relationship

By Robert Lederman

in world history, Nazi Germany's Third Reich. Unlike many other banks which also have done business with murderous regimes, Chase's involvement was much more than just a business arrangement. Morgan Bank has a similar history of closely working with Hitler and advocating Nazism both before and throughout WWII.

Chase Bank, its owners, the Rockefeller family and the family's other main business--Standard Oil (now known as Exxon)--were an integral part of Hitler's war effort. Rockefeller, Standard Oil and Chase Bank helped put Hitler in power, helped him build the world's deadliest army, supplied him with oil throughout the war, and after the war helped the Nazi elite to smuggle billions of dollars stolen from Holocaust victims and Nazi-occupied countries out of Germany and into Swiss and Latin American banks.

The powerhouse of Germany's war industry was I.G. Farben, the chemical company that patented and manufactured Zyklon-B, the nerve gas used in Auschwitz. The relationship of I.G. Farben to Auschwitz went much deeper than Zyklon-B. Auschwitz was built by I.G. Farben as a slave labor camp that manufactured rubber and other materials for the Nazi war effort and "recycled" gold fillings, human hair, and other substances derived from those worked to death or killed in the gas chambers. At the end of WWII, I.G. Farben was transformed into BASF, Bayer, and Hoescht.

Rockefeller/Standard Oil was the largest stockholder in I.G. Farben, and I.G. Farben was--next to Rockefeller--the largest shareholder in Standard Oil.. Presidents Roosevelt and Truman considered Standard Oil's executives and Rockefeller to be traitors to America. John D. Rockefeller was also the world's biggest promoter of Eugenics, the pseudo-science of racial differences, selective breeding, and "race betterment." Among the "scientists" his foundation funded was Auschwitz's infamous doctor of death, Josef Mengele. Eugenics led directly to the Holocaust. Today, Rockefeller foundations continue to fund Eugenics programs worldwide under the guise of improving human health, population control, and disease control.

In America Rockefeller/Chase's most influential front may be the Manhattan Institute, a right wing think tank founded by former CIA director William Casey after he helped bring thousands of former Nazis to America following WWII. The Manhattan Institute is the origin of every racially-biased, constitution-violating policy Mayor Rudolph Giuliani has instituted in New York City during the past six years.

Among the resident scholars associated with the Institute is Charles Murray, author of The Bell Curve. This controversial book advances the idea that African Americans are genetically and intellectually inferior to Whites as a justification for eliminating welfare and affirmative action.

The Manhattan Institute is also the originator of G.W. Bush's "compassionate conservatism." Bush, who has presided over more executions than all other US governors combined, claims that next to the Bible, Chase Bank's Manhattan Institute has been the greatest influence on his ideas. G.W. Bush's father, George Bush, was a Rockefeller puppet, according to Ronald Reagan, and had numerous former Nazis involved in his presidential campaign. G.W. Bush's grandfather, Prescott Bush, managed Wall Street front companies that raised money for Hitler and shipped supplies to the Nazis. These companies were seized by the US government in 1942 under the Trading with the Enemy act.

The Rockefeller's art museum, the Museum of Modern Art, insists on displaying art seized by the Nazis from Jews on their way to the concentration camps. It recently got a $65 million dollar gift of NYC tax dollars from Mayor Giuliani at the same time he was cutting the budget for art education in NYC schools and asking the US Supreme Court to eliminate First Amendment protection for all visual art.

Chase Manhattan Bank's logo is a modified swastika. When you see or hear their ads about Chase: "The Right Relationship," think Hitler, Nazism and Auschwitz. Morgan Bank, the Swiss Banks that stole and hid Jewish bank accounts, and Chase belong together. They truly are, "the right relationship."

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Daily News 12/7/98: Chase Banked On Nazis--Report "Chase National Bank--the precursor of today's Chase Manhattan Bank--allegedly helped the Nazis plunder Jewish property in France during World War II, according to a published report. The New York-based bank, controlled by the Rockefeller family, closed Jewish accounts even before the Germans ordered them to do so and did business with the Nazis while they were sending Jews to the gas chambers, Newsweek magazine reports in this week's edition. And while the US was at war with the Nazis, Chase also apparently helped German banks do business with their overseas branches, the magazine reported. Chase Manhattan is now the largest bank company in the US with more than $300 billion in assets . . . lawyers representing Holocaust survivors . . . intend to name Chase Manhattan to their lawsuit and are investigating the wartime role of another big US bank, J.P. Morgan, the magazine reported. While many other US businesses and banks closed down

their Paris operations after France fell to the Germans, Chase National remained open and even thrived. The relationship between Chase and the Nazis apparently was so cozy that Carlos Niedermann, the Chase branch chief in Paris, wrote his supervisor in Manhattan that the bank enjoyed "very special esteem" with top German officials and "a rapid expansion of deposits," according to Newsweek. Niedermann's letter was written in May 1942-five months after the Japanese bombed Pearl Harbor and the US also went to war with Germany."

Daily News 12/24/98: Chase Named In Holocaust-Asset Suit. Two American banks were named in a class-action lawsuit yesterday that accuses them of collaborating with the Nazis to deprive Jewish depositors of their rightful assets. "They froze and blocked Jewish accounts during the period of the Nazi occupation in France, depriving Jewish families of the financial means to flee France," said attorney Kenneth McCallion, who filed the suit against Chase Manhattan Bank, J.P. Morgan, and seven French banks. . . . McCallion charges Chase's Paris branch-with full backing of its New York office--displayed "excessive zeal" in enforcing anti-Jewish laws and was held in "very special esteem" by Vichy authorities. Court papers also say Chase prospered under German occupation, nearly doubling its deposits between 1942 and 1944 from 27 million to more than 50 million French francs . . . Chase officials said in a statement that it has been in settlement talks with the World Jewish Congress for

several weeks and that it was disappointed that an "unnecessary" lawsuit has been filed."

For a huge amount of meticulously documented material on Chase Bank and the Nazis see: The Secret War Against the Jews, by John Loftus and Mark Aarons, St. Martin's Press; Trading with the Enemy by Charles Higham, 1983; The Splendid Blond Beast: Money Law and Genocide in the Twentieth Century by Christopher Simpson, 1993; Blowback, by Christopher Simpson, Weidenfeld & Nicolson 1988; Old Nazis, the New Right, and the Repulican Party by Russ Bellant. Also see Philadelphia Inquirer article by David Lee Preston, "Fired Bush Backer One of Several with Possible Nazi Links," 9/10/88

Four Winds 10 - News