Why Banksters Hate Peace

All Wars Are Bankers’ Wars

Bankers hate peace …

Lee Fang reports:

The possibility of an Iran nuclear deal depressing weapons sales was raised by Myles Walton, an analyst from Germany’s Deutsche Bank, during a Lockheed earnings call this past January 27. Walton asked Marillyn Hewson, the chief executive of Lockheed Martin, if an Iran agreement could “impede what you see as progress in foreign military sales.” Financial industry analysts such as Walton use earnings calls as an opportunity to ask publicly-traded corporations like Lockheed about issues that might harm profitability.

Hewson replied that “that really isn’t coming up,” but stressed that “volatility all around the region” should continue to bring in new business. According to Hewson, “A lot of volatility, a lot of instability, a lot of things that are happening” in both the Middle East and the Asia-Pacific region means both are “growth areas” for Lockheed Martin.

The Deutsche Bank-Lockheed exchange “underscores a longstanding truism of the weapons trade: war — or the threat of war — is good for the arms business,” says William Hartung, director of the Arms & Security Project at the Center for International Policy. Hartung observed that Hewson described the normalization of relations with Iran not as a positive development for the future, but as an “impediment.” “And Hewson’s response,” Hartung adds, “which in essence is ‘don’t worry, there’s plenty of instability to go around,’ shows the perverse incentive structure that is at the heart of the international arms market.”

The President of Stanford University (David Starr Jordan) reported that banksters are the true power behind the throne, and that – for many centuries – they’ve made their fortunes by financing war.

Former managing director of Goldman Sachs – and head of the international analytics group at Bear Stearns in London (Nomi Prins) – notes:

Throughout the century that I examined, which began with the Panic of 1907 … what I found by accessing the archives of each president is that through many events and periods, particular bankers were in constant communication [with the White House] — not just about financial and economic policy, and by extension trade policy, but also about aspects of World War I, or World War II, or the Cold War, in terms of the expansion that America was undergoing as a superpower in the world, politically, buoyed by the financial expansion of the banking community.


In the beginning of World War I, Woodrow Wilson had adopted initially a policy of neutrality. But the Morgan Bank, which was the most powerful bank at the time, and which wound up funding over 75 percent of the financing for the allied forces during World War I … pushed Wilson out of neutrality sooner than he might have done, because of their desire to be involved on one side of the war.

Now, on the other side of that war, for example, was the National City Bank, which, though they worked with Morgan in financing the French and the British, they also didn’t have a problem working with financing some things on the German side, as did Chase

When Eisenhower became president … the U.S. was undergoing this expansion by providing, under his doctrine, military aid and support to countries [under] the so-called threat of being taken over by communism … What bankers did was they opened up hubs, in areas such as Cuba, in areas such as Beirut and Lebanon, where the U.S. also wanted to gain a stronghold in their Cold War fight against the Soviet Union. And so the juxtaposition of finance and foreign policy were very much aligned.

So in the ‘70s, it became less aligned, because though America was pursuing foreign policy initiatives in terms of expansion, the bankers found oil, and they made an extreme effort to activate relationships in the Middle East, that then the U.S. government followed. For example, in Saudi Arabia and so forth, they get access to oil money, and then recycle it into Latin American debt and other forms of lending throughout the globe. So that situation led the U.S. government.

Indeed, JP Morgan also purchased control over America’s leading 25 newspapers in order to propagandize US public opinion in favor of US entry into World War 1.

The U.S. Senate’s Special Committee on Investigation of the Munitions Industry found connections between the wartime profits of the banking and munitions industries to America’s involvement in World War I.  Specifically, the Committee  reported that between 1915 and January 1917, the United States lent Germany 27 million dollars, and in the same period, it lent to the United Kingdom and its allies 2.3 billion dollars, almost 100 times as much, and so the US entered the war so that the lenders would get repaid by their biggest debtors: The UK and its allies.

Subsequently, many big banks  funded the Nazis.

BBC reported in 1998:

Barclays Bank has agreed to pay $3.6m to Jews whose assets were seized from French branches of the British-based bank during World War II.


Chase Manhattan Bank, which has acknowledged seizing about 100 accounts held by Jews in its Paris branch during World War II ….”Recently unclassified reports from the US Treasury about the activities of Chase in Paris in the 1940s indicate that the local branch worked “in close collaboration with the German authorities” in freezing Jewish assets.

The New York Daily News noted the same year:

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 U.S. also went to war with Germany.

The BBC reported in 1999:

A French government commission, investigating the seizure of Jewish bank accounts during the Second World War, says five American banks Chase Manhattan, J.P Morgan, Guaranty Trust Co. of New York, Bank of the City of New York and American Express had taken part.

It says their Paris branches handed over to the Nazi occupiers about one-hundred such accounts.

One of Britain’s main newspapers – the Guardian – reported in 2004:

George Bush’s grandfather [and George H.W. Bush’s father], the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.

The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.

His business dealings … continued until his company’s assets were seized in 1942 under the Trading with the Enemy Act


The documents reveal that the firm he worked for, Brown Brothers Harriman (BBH), acted as a US base for the German industrialist, Fritz Thyssen, who helped finance Hitler in the 1930s before falling out with him at the end of the decade. The Guardian has seen evidence that shows Bush was the director of the New York-based Union Banking Corporation (UBC) that represented Thyssen’s US interests and he continued to work for the bank after America entered the war.


Bush was a founding member of the bank [UBC] … The bank was set up by Harriman and Bush’s father-in-law to provide a US bank for the Thyssens, Germany’s most powerful industrial family.


By the late 1930s, Brown Brothers Harriman, which claimed to be the world’s largest private investment bank, and UBC had bought and shipped millions of dollars of gold, fuel, steel, coal and US treasury bonds to Germany, both feeding and financing Hitler’s build-up to war.

Between 1931 and 1933 UBC bought more than $8m worth of gold, of which $3m was shipped abroad. According to documents seen by the Guardian, after UBC was set up it transferred $2m to BBH accounts and between 1924 and 1940 the assets of UBC hovered around $3m, dropping to $1m only on a few occasions.


UBC was caught red-handed operating a American shell company for the Thyssen family eight months after America had entered the war and that this was the bank that had partly financed Hitler’s rise to power.

Indeed, banks often finance both sides of wars:

And they are one of the main sources of financing for nuclear weapons.

(The San Francisco Chronicle also documents that leading financiers Rockefeller, Carnegie and Harriman also funded Nazi eugenics programs … but that’s a story for another day.)

The Federal Reserve and other central banks also help to start wars by financing them. Thomas Jefferson and the father of free market capitalism, Adam Smith, both noted that the financing wars by banks led to more – and longer – wars.

And America apparently considers economic rivalry to be a basis for war, and is using the military to contain China’s growing economic influence.

Multi-billionaire investor Hugo Salinas Price says:

What happened to [Libya’s] Mr. Gaddafi, many speculate the real reason he was ousted was that he was planning an all-African currency for conducting trade. The same thing happened to him that happened to Saddam because the US doesn’t want any solid competing currency out there vs the dollar. You know Gaddafi was talking about a gold dinar.

Senior CNBC editor John Carney noted:

Is this the first time a revolutionary group has created a central bank while it is still in the midst of fighting the entrenched political power? It certainly seems to indicate how extraordinarily powerful central bankers have become in our era.

Robert Wenzel of Economic Policy Journal thinks the central banking initiative reveals that foreign powers may have a strong influence over the rebels.

This suggests we have a bit more than a ragtag bunch of rebels running around and that there are some pretty sophisticated influences. “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” Wenzel writes.

Indeed, many claim that recent wars have really been about bringing all countries into the fold of Western central banking, and that the wars against Middle Eastern countries are really about forcing them into the dollar and private central banking.

The most decorated American military man in history said that war is a racket, and noted:

Let us not forget the bankers who financed the great war. If anyone had the cream of the profits it was the bankers.

The big banks have also been laundering money for terrorists. The big bank employee who blew the whistle on the banks’ money laundering for terrorists and drug cartels says that the giant bank is still aiding terrorists, saying:

The public needs to know that money is still being funneled through HSBC to directly buy guns and bullets to kill our soldiers …. Banks financing … terrorists affects every single American.

He also said:

It is disgusting that our banks are STILL financing terror on 9/11 2013.

And see this.

According to the BBC and other sources, Prescott Bush, JP Morgan and other leading financiers also funded a coup against President Franklin Roosevelt in an attempt – basically – to implement fascism in the U.S. See this, this, this and this.

Kevin Zeese writes:

Americans are recognizing the link between the military-industrial complex and the Wall Street oligarchs—a connection that goes back to the beginning of the modern U.S. empire. Banks have always profited from war because the debt created by banks results in ongoing war profit for big finance; and because wars have been used to open countries to U.S. corporate and banking interests. Secretary of State, William Jennings Bryan wrote: “the large banking interests were deeply interested in the world war because of the wide opportunities for large profits.”

Many historians now recognize that a hidden history for U.S. entry into World War I was to protect U.S. investors. U.S. commercial interests had invested heavily in European allies before the war: “By 1915, American neutrality was being criticized as bankers and merchants began to loan money and offer credits to the warring parties, although the Central Powers received far less. Between 1915 and April 1917, the Allies received 85 times the amount loaned to Germany.” The total dollars loaned to all Allied borrowers during this period was $2,581,300,000. The bankers saw that if Germany won, their loans to European allies would not be repaid. The leading U.S. banker of the era, J.P. Morgan and his associates did everything they could to push the United States into the war on the side of England and France. Morgan said: “We agreed that we should do all that was lawfully in our power to help the Allies win the war as soon as possible.” President Woodrow Wilson, who campaigned saying he would keep the United States out of war, seems to have entered the war to protect U.S. banks’ investments in Europe.

The most decorated Marine in history, Smedley Butler, described fighting for U.S. banks in many of the wars he fought in. He said: “I spent 33 years and four months in active military service and during that period I spent most of my time as a high-class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.”

In Confessions of an Economic Hit Man, John Perkins describes how World Bank and IMF loans are used to generate profits for U.S. business and saddle countries with huge debts that allow the United States to control them. It is not surprising that former civilian military leaders like Robert McNamara and Paul Wolfowitz went on to head the World Bank. These nations’ debt to international banks ensures they are controlled by the United States, which pressures them into joining the “coalition of the willing” that helped invade Iraq or allowing U.S. military bases on their land. If countries refuse to “honor” their debts, the CIA or Department of Defense enforces U.S. political will through coups or military action.


More and more people are indeed seeing the connection between corporate banksterism and militarism ….

Indeed, all wars are bankers’ wars.

War Makes Banks Rich

Wars are the fastest way for banks to create more debt … and therefore to make more profit. No wonder they love war.

After all, the banking system is founded upon the counter-intuitive but indisputable fact that banks create loans first, and then create deposits later.

In other words, virtually all money is actually created as debt. For example, in a hearing held on September 30, 1941 in the House Committee on Banking and Currency, the Chairman of the Federal Reserve (Mariner S. Eccles) said:

That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.

And Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, said:

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.

Debt (from the borrower’s perspective) owed to banks is profit and income from the bank’s perspective. In other words, banks are in the business of creating more debt … i.e. finding more people who want to borrow larger sums.

Debt is central to our banking system. Indeed, Federal Reserve chairman Greenspan was so worried that the U.S. would pay off it’s debt, that he suggested tax cuts for the wealthy to increase the debt.

What does this have to do with war?

War is the most efficient debt-creation machine. For starters, wars are very expensive.

For example, Nobel prize winning economist Joseph Stiglitz estimated in 2008 that the Iraq war could cost America up to $5 trillion dollars. A study by Brown University’s Watson Institute for International Studies says the Iraq war costs could exceed $6 trillion, when interest payments to the banks are taken into account.

This is nothing new … but has been going on for thousands of years. As a Cambridge University Press treatise on ancient Athens notes:

Financing wars is expensive business, and the scope for initiative was regularly extended by borrowing.

So wars have been a huge – and regular – way for banks to create debt for kings and presidents who want to try to expand their empires.

Major General Smedley Butler – the most decorated Marine in American history – was right when he said:

Let us not forget the bankers who financed the great war. If anyone had the cream of the profits it was the bankers.

War is also good for banks because a lot of material, equipment, buildings and infrastructure get destroyed in war. So countries go into massive debt to finance war, and then borrow a ton more to rebuild.

The advent of central banks hasn’t changed this formula. Specifically, the big banks (“primary dealers”) loan money to the Fed, and charge interest for the loan.

So when a nation like the U.S. gets into a war, the Fed pumps out money for the war effort based upon loans from the primary dealers, who make a killing in interest payments from the Fed.

War Is Horrible for the American People

Top economists say that war is destroying our economy.  But war is great for the  super-elites … so they want to keep it going.

And America’s never-ending wars are hurting our national security.

Never-ending wars are also destroying our freedom. The Founding Fathers warned against standing armies, saying that they destroy freedom. (update).

Perversely, our government – which is a wholly-owned subsidiary of the big banks –  treats anti-war sentiment  – or protest of big banks (and here) – as terrorism.

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  • Big Bear

    I just finished reading a book published in 1912, written by David Starr Jordan, then president of Stanford and a noted peace activist at the time, called The Unseen Empire. It looks at how international bankers made their fortunes in the 19th century by saddling European governments with war debts — by financing wars — a process which continues to this day. He also examines the workings of the ‘military industrial complex’ of that time and its use of war scares to drive governments into extravagant expenditures on armament leading to debt and endless interest income for bankers. It is a book full of historical ironies since Jordan thought that the financial elite would prevent the war which within two years destroyed the old order of Europe, but it also shows the historical depth of the problems we still confront, and identifies the central players, who are still very very much with us — their descendants, that is, often still working for the same family firms.

  • Big Bear

    Four notes on this extremely cogent essay:

    Some German industrialists and bankers — including Jewish bankers (e.g. the Warburgs) funded the Nazis rise to power because they saw them (correctly) as enemies of the communists and thought (incorrectly) that they could control them.

    It was illegal, by America’s neutrality laws then in force, for Wall Street to make loans to belligerents. Under pressure from Wall Street financiers Wilson signed an executive order suspending this law (leading to William Jennings Bryan’s resignation as his Sect. of State). This executive order is still classified, 101 years after it was signed.

    After the First World War the so-called “revisionist” historians established that the effect of American loans to the British and French was to prolong the war — which the Germans wanted to conclude as early as 1915 — for 18 months, leading to an additional 1 and one half million deaths. The readiest introduction to this history is Harry Elmer Barnes, Genesis of the World War (1929). An excellent summary treatment is Charles Callan Tansill, America Goes To War (1938). Both these historians were eminent and highly respected in their field.

    Wall Street began to drive American foreign policy and military procurements toward international trade enforced by arms in the late 1880s. Between 1891 and 1901 Federal expenditures on armaments expanded by 2100%. President Rutherford B. Hayes presided ove the beginnings of this turn toward empire. His Sect. of State was John Watson Foster, grandfather of John Foster and Allen Dulles, respectively Eisenhower’s Sect. of State and head of CIA. The Dulles brothers, like their grandfather, were central and highly important Wall Street operatives for decades before entering official government service — and they were by no means the only people who moved from Wall Street into Federal employment and the control of foreign policy in the interest of international finance and foreign trade.

  • Mar 26, 2015 Why You Should Not Vote For Ted Cruz In 2016

    In this video Luke Rudkowski gives an inside look at that 2016 Presidential run of Ted Cruz and why you should not vote for him.

  • November 20, 2014 All Wars are Bankers’ Wars

    The purpose of war, according to this brief documentary by radio host Michael Rivero, is to force central banks on countries that try to issue their own money. He makes a compelling argument, illustrated by numerous historical examples. The film’s main value, in my view, is in dispelling common misconceptions about where money comes from. Contrary to popular belief, western democracies don’t issue the money they use to run government services. They borrow the money at interest from privately owned central banks. In the US, this private central bank is called the Federal Reserve.


    • Axel

      Good Morning and Hello MOLON LABE,

      Thank you (and again) for your superb and excellent, kind and gracious continued efforts, due diligence and concerns and for the excellent Veteranstoday.com link and well condensed, spot on appearing Article on this specific Currency and Banking issues and concerns. A well worthwhile and necessary and seemingly a mandatory read within worthwhile efforts and endeavors.

      Thank you,

      • Good morning, and have a blessed day patriot! I post for a single reason, and that is so I can help others gain more knowledge they may thought they knew, and if not so they can learn and read from places they do not normally like myself. Thanks’ patriot!

  • Axel

    Dear WashingtonsBlog and Contributors, 3/15/2015

    I only very briefly and partially read this Article. I thought it necessary for me to again express my thanks, appreciation and gratitude for your and again exemplary efforts and accomplishments…………….

    I also write also as I have hopefully within my estate planning efforts and allocations, hopefully lead to a successful correction and resolve of my DOJ//INS Whistleblower matter, other alleged wrongdoings and as seemingly mentioned in this Article and to uphold and defend our endeavors and efforts towards our great USA US Constitutional, Bill of Rights Democracy towards God, Man and Country and with Life, Liberty and the Pursuit of Happiness and for all.

    I write the above as I believe I have a vested interest in the above, and therefore, to again express my acknowledgement, appreciation and gratitude to the WasingtonsBlog and as I try to continue to uphold my efforts and endeavors and within my perceived and remaining, best practices, obligations and responsibilities and again to try to uphold and defend our endeavors and efforts towards our great USA US Constitutional, Bill of Rights Democracy towards God, Man and Country and with Life, Liberty and the Pursuit of Happiness and for all.
    (It appears it is and again time to stop rewarding the wrongdoers and persecuting the innocent). My having said that, it appears and as it a todays and most current consideration that I should and again suggest that our US Legislatures may and/or should consider a USA Attorney General other that Ms. Lorretta Lynch.

    Again, many thanks WashingtonsBlog.

    All the best,
    Axel V. Sabersky

    • Here is the scoop on Lynch! Thursday Jan 29, 2015 Meet Loretta Lynch – Obama’s Attorney General Nominee Who Might be Even Worse than Eric Holder

      On matters of policy, Ms. Lynch called capital punishment “an effective penalty” and said she disagreed with Mr. Obama’s statements that marijuana was no more harmful than alcohol. She called the National Security Agency’s collection of American phone records “certainly constitutional, and effective.”


      • Axel

        Hello again and thank you MOLON LABE,
        Thank you for the attached and in my view highly important libertyblitzkrieg.com link.
        I was aware of this and again highly important information within the above mentioned link and therefore I have to presume that any reasonable person would presume that this Individual would seemingly be considered for prosecution and for the most serious of offences, crimes and/or wrongdoings rather than for appointment to the AG position or any position or any employment that would involve the public or reasonably unimaginable to a public trust position.
        I recall there are or where many other similar Articles that express a long legacy of alleged wrongful horrors and of people suffering and within our incarceration systems and worse………..
        I and many others could and have and more definitive and eloquently than I have written and more and on proper and forthright aspects of ‘Oversight and Accountability’ efforts and endeavors……………
        I do not want to further distract from this important Article and again your kind and gracious, Veteranstoday.com link and highly important and appreciated contributions and hopefully your and Washingtonsblog.com and contributors continuing due diligence and continuing superb and excellent efforts and endeavors towards our great country Democracy, US Constitution, Bill of Rights and towards the good aspirations of efforts and endeavors towards God, Man and Country and with life, liberty and the pursuit of happiness and for all.
        Thank you,

        • Axel

          Dear Washingtonsblog and Contributors, 3/30/2015

          Below are just 2 Articles I had booked marked, opened and briefly read yesterday. They are from Articles I probably initially found on Yahoo, Google or from GlobalResearch.ca. I have not previously copied and posted ‘links’, although I am making an exception here and from your efforts. There are probably additional Articles as from my recollection, there possibly may be is at least one person suffering in a California Incarceration Facility, possibly for a decade or longer. There appear to be efforts for his assistance and Representation, although from the attached Observer Article the obstacles seemingly appear and/or to seemingly imply overwhelming for the Attorneys and seemingly to and upon those trying to provide assistance.

          It appears well known how difficult it is for the other millions of matters and concerns and including and/or the additional Truth Teller(s) and Whistleblower(s) Matters and concerns and upon our and/or any remaining Law Firms, Lawyers, Educational Institutions and many other forthright Entities and within there remaining proper and forthright efforts and endeavors, etcetera……..

          Thank you,



      • Axel

        This US AG Loretta Lynch Nominee concern(s) was posted and/or intended to be posted here, in reply and within my perceived efforts of support for the efforts of MOLEN LABE. My apologies for the somewhat double post and that I do not expect to ever happen again. thank you.

        Axel Axel • 12 minutes ago

        Dear Washingtonsblog and Contributors, 3/30/2015

        Below are just 2 Articles I had booked marked, opened and briefly read yesterday. They are from Articles I probably initially found on Yahoo, Google or from GlobalResearch.ca. I have not previously copied and posted ‘links’, although I am making an exception here and from your efforts. There are probably additional Articles as from my recollection, there possibly may be is at least one person suffering in a California Incarceration Facility, possibly for a decade or longer. There appear to be efforts for his assistance and Representation, although from the attached Observer Article the obstacles seemingly appear and/or to seemingly imply overwhelming for the Attorneys and seemingly to and upon those trying to provide assistance.

        It appears well known how difficult it is for the other millions of matters and concerns and including and/or the additional Truth Teller(s) and Whistleblower(s) Matters and concerns and upon our and/or any remaining Law Firms, Lawyers, Educational Institutions and many other forthright Entities and within there remaining proper and forthright efforts and endeavors, etcetera……..

        Thank you,



        • Axel

          The Observer.com and GlobalResearch.ca links did not post correctly within this reply, THEY ARE//WHERE CORRECTLY POSTED IN THE LINK BELOW.
          W’sblog, if possible please delete and/or inactivate this specific inoperable link and leave the below similar operable links. Again, my apologies for my inadvertent error and inconvenience(s).

  • These 6 Corporations Control 90% Of The Media In America

    That’s consolidated from 50 companies back in 1983. NOTE: This infographic is from last year and is missing some key transactions. GE does not own NBC (or Comcast or any media) anymore. So that 6th company is now Comcast. And Time Warner doesn’t own AOL, so Huffington Post isn’t affiliated with them. But the fact that a few companies own everything demonstrates “the illusion of choice,” Frugal Dad says. While some big sites, like Digg and Reddit aren’t owned by any of the corporations, Time Warner owns news sites read by millions of Americans every year.