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An important step on the road to world monopoly was the most far-reaching corporation invented by the Rothschilds. This was the international drug and chemical cartel, I.G. Farben. Called "a state within a state," it was created in 1925 as Interessen Gemeinschaft Farbenindustrie Aktien gesellschaft, usually known as I.G. Farben, which simply meant "The Cartel". It had originated in 1904, when the six major chemical companies in Germany began negotiations to form the ultimate cartel, merging Badische Anilin, Bayer, Agfa, Hoechst, Weiler-ter-Meer, and Greisheim-Electron. The guiding spirit, as well as the financing, came from the Rothschilds, who were represented by their German banker, Max Warburg, of M.M. Warburg Company, Hamburg. He later headed the German Secret Service during World War I and was personal financial adviser to the Kaiser. When the Kaiser was overthrown, after losing the war, Max Warburg was not exiled with him to Holland, instead he became the financial adviser to the new government. Monarchs may come and go, but the real power remains with the bankers. While representing Germany at the Paris Peace Conference, Max Warburg spent pleasant hours renewing family ties with his brother, Paul Warburg, who, after drafting the Federal Reserve Act at Jekyl Island, had headed the U.S. banking system during the war. He was in Paris as Woodwow Wilson's financial advisor.
I.G. Farben soon had a net worth of six billion marks, controlling some five hundred firms. Its first president was Professor Carl Bosch. During the period of the Weimar Republic, I.G. officials, seeing the handwriting on the wall, began a close association with Adolf Hitler, supplying much needed funds and political influence. The success of the I.G. Farben cartel had aroused the interest of other industrialists. Henry Ford was favorably impressed and set up a German branch of Ford Motor Company. Forty per cent of the stock was purchased by I.G. Farben. I.G. Farben then established an American subsidiary, called American I.G., in cooperation with Standard Oil of New Jersey . Its directors included Walter Teagle, president of Standard Oil, Paul Warburg of Kuhn Loeb & Company and Edsel Ford, representing the Ford interests. John Foster Dulles, for the law firm, Sullivan and Cromwell, became the attorney for I.G., frequently traveling between New York and Berlin on cartel business. His law partner, Arthur Dean, is now director of the $40 million Teagle Foundation which was set up before Teagle's death. Like other fortunes it had become part of the network. Like John Foster Dulles, Arthur Dean has been a director of American Banknote for many years; this is the firm which supplies the paper for our dollar bills. Dean also has been an active behind the scenes government negotiator, serving as arms negotiator at disarmament conferences. Dean was also a director of Rockefeller's American Ag & Chem Company. He was a director of American Solvay, American Metal and other firms. As attorney for the wealthy Hochschild family, who owned Climax Molybdenum and American Metal, Dean became director of their family foundation, the Hochschild Foundation. Dean is director emeritus of the Council on Foreign Relations, the Asia Foundation, International House, Carnegie Foundation, and the Sloan Kettering Cancer Center.
In 1930, Standard Oil announced that it had purchased an alcohol monopoly in Germany, a deal which had been set up by I.G. Farben. After Hitler came to power, John D. Rockefeller assigned his personal press agent, Ivy Lee, to Hitler to serve as a full-time adviser on the rearmament of Germany, a necessary step for setting up World War II. Standard Oil then built large refineries in Germany for the Nazis and continued to supply them with oil during World War II. In the 1930s Standard Oil was receiving in payment from Germany large shipments of musical instruments and ships which had been built in German yards.
The dreaded Gestapo, the Nazi police force, was actually built from the worldwide intelligence network which I.G. Farben had maintained since its inception. Herman Schmitz, who had succeeded Carl Bosch as head of I.G., has been personal advisor to chancellor Brüning; when Hitler took over, Schmitz then became his most trusted secret counselor. So well concealed was the association that the press had orders never to photograph them together . Schmitz was named an honourary member of the Reichstag, while his assistant, Carl Krauch, became Göring's principal advisor in carrying out the Nazis' Four Year Plan. A business associate, Richard Krebs, later testified before the House Un-American Activities Committee, "The I.G. Farbenindustrie, I know from personal experience, was already, in 1934, completely in the hands of the Gestapo." This was a misstatement; the I.G. Farben had merely allied itself with the Gestapo.
In 1924 Krupp Industries was in serious financial difficulty; the firm was saved by a $10 million cash loan from Hallgarten & Company and Goldman Sachs, two of Wall Street's best known firms. The planned re-armament of Germany was able to proceed only after Dillon Read floated $100 million of German bonds on Wall Street for that purpose. It was hardly surprising that at the conclusion of the Second World War, General William Draper was appointed Economic Czar of Germany, being named head of the Economic Division of the Allied Military Government. He was a partner of Dillon Read.
In 1939 Frank Howard, a vice-president of Standard Oil visited Germany. He later testified, "We did our best to work out complete plans for a modus vivendi which would operate throughout the term of the war, whether we came in or not." At this time American I.G. had on its board of directors Charles Mitchell, president of the National City Bank, the Rockefeller bank, Carl Bosch, Paul Warburg, Herman Schmitz and Schmitz' nephew, Max Ilgner.
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