American and European oil companies discover and begin to exploit the first oil fields in the middle east.

Winston Churchill (whose mother, Jenny (Jacobson) Jerome, was Jewish - meaning he is Jewish under Ashkenazi law as he was born of a Jewish mother) writes in an article in the Illustrated Sunday Herald, dated February 8th, "From the days of Illuminati leader Weishaupt, to those of Karl Marx, to those of Trotsky, this worldwide conspiracy has been steadily growing.

And now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America, have gripped the Russian people by the hair of their heads and become the undisputed masters of that enormous empire."

Averell Harriman and George Walker gain control of the German Hamburg-Amerika shipping line. The deal, arranged through the chief executive of German Hamburg-Amerika, William Cuno, and through one of the shipping line's bankers, Max Warburg. The name of the firm is changed to American Ship & Commerce Corporation. After being involved in the deal, Samuel F. Pryor of Remington Arms is named to serve on the board of the renamed corporation. William Cuno later becomes a heavy contributor to Nazi Party funds.

Prior to his death, Jacob Schiff orders the creation of an organization in American to select politicians to carry on the Rothschild conspiracy.

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Under the orders of Jacob Schiff, the Council on Foreign Relations (CFR) is founded by Ashkenazi Jews, Bernard Baruch and Colonel Edward Mandell House. The CFR membership at the start is approximately 1,000 people in the US. This membership includes the heads of virtually every industrial empire in America, all the American based international bankers, and the heads of all their tax free foundations. In essence all those who could provide the capital required for anyone who wishes to run for Congress, the Senate or the Presidency.

The first job of the CFR is to gain control of the press. This task is given to John D. Rockefeller who sets up a number of national news magazines such as Life, and Time. He finances Samuel Newhouse to buy up and establish a chain of newspapers all across the country, and Eugene Meyer who would go on to buy up many publications such as the Washington Post, Newsweek, and The Weekly Magazine. The CFR also need control of radio, television and the motion picture industry, a task which is split between the international bankers from, Kuhn Loeb, Goldman Sachs, the Warburgs, and the Lehmanns.

Warren G. Harding is elected President of the United States, and succeeds Woodrow Wilson. This will be the start of a period which is known as the roaring twenties. Despite the fact that World War I has saddled America with a debt 10 times larger than the Civil War debt, the US economy grows in abundance. Also, gold pours into America during the war and continues during the 1920's. The reason for this growth is President Harding reduces taxes domestically and increases tariffs on imports to record levels.

By the end of July, Adolf Hitler becomes leader of the Nazi party. He is introduced for the first time as the Party's "Führer" (the German word for 'leader').

Thomas Edison says in an article published in the New York Times on December 6th, "If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also...It is absurd to say that our country can issue 30 million dollars in bonds and not 30 million dollars in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people."

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George Herbert Walker remains President of W. A. Harriman & Company while Averell Harriman opens the Berlin branch of the firm. Harriman meets with German multi-millionaire industrialist Fritz Thyssen and agrees to set up a bank for Thyssen in New York. This bank will later be called Union Banking Corporation (UBC) and would be placed under the management of Prescott Bush.

The Model Eugenics Sterilization Law is published by Harry Laughlin. This law, permutations of which are adopted in several US states, leads to the sterilization of over 20,000 people. It later serves as the basis of the 1935 Nuremberg Laws adopted by the Nazis.

President Theodore Roosevelt (who had died in 1919) is quoted in the March 27th edition of the New York Times with the following statement, "These International bankers and Rockefeller-Standard Oil interests control the majority of newspapers and the columns of these newspapers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government."

The reason the New York Times runs this article is because the Mayor of New York, John Hylan, had been quoted in the same paper the previous day with the following statement, "The warning of Theodore Roosevelt has much timeliness today, for the real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state, and nation...It seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency created for the public protection...

To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interest and a small group of powerful banking houses generally referred to as international bankers. This little coterie of powerful international bankers virtually run the United States Government for their own selfish purposes.

They practically control both parties, write political platforms, make cats paws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business...these International Bankers and Rockefeller-Standard Oil interests control the majority of newspapers and magazines in this country."

The Wilson administration appoints General John H. Russell as high commissioner and Louis Borno - an admirer of Mussolini - as the new Haitian president. This event follows the dismissal of the previous Haitian President, Sudre Dartiguenave, who had refused to sign an agreement concerning the repayment of debts to the US-owned National City Bank (later to be name Citibank) which controls Haiti’s National Bank and railroad system. Russel and Borno’s period of rule are characterized by infrastructure improvement, growing racial and cultural tensions, increased US control, and - toward the end of their term - increased civil unrest. Under their authority, most of the country’s tax revenue is used to pay debts owed to foreign interests. The two will jointly rule until 1930 when, after a 1929 uprising, Borno is ousted. A short provisional head will be put in place until the National Assembly elects Ste´nio Vincent in November 1930 as president.

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On August 2nd, President Warren Harding dies on a train under mysterious circumstances. The cause is said to be either food poisoning or a stroke although no autopsy is performed. President Harding is succeeded by his Vice-President Calvin Coolidge. President Coolidge continues Harding's tax cutting and tariff raising policies. This policy is so successful that the economy continues to grow and the debt built up during WWI is reduced by 38% - down to $16 billion. This is when the Federal Reserve starts flooding the country with money, increasing the money supply by 62%.

Representative Charles A Lindbergh Sr. states, "The financial system...has been turned over to...the Federal Reserve Board. That board administers the finance system by authority of...a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits, from the use of other people's money."

In October, Fritz Thyssen visits one of Germany's great military heroes, General Erich Ludendorff (during the 1918 socialist rule in Berlin, Ludendorff had organized a military resistance against the socialists, and the industrialists were thus in great debt to him). They discuss Germany's economic collapse. "There is but one hope," Ludendorff said, "Adolf Hitler and the National Socialist party." Ludendorff respected Hitler immensely. "He is the only man who has any political sense." Ludendorff encourages Thyssen to join the Nazi movement. After hearing Hitler speak, Thyssen begins to contribute substantial funds to the Nazi party - initially 100,000 gold marks (roughly $25,000). Others in the steel and coal industries soon followed Thyssen's lead, although none came close to matching him.

On November 9, perhaps emboldened by his newfound corporate support, Adolf Hitler engineers the 'Beer Hall Putsch' - a plot to bring down the post-WWI German government. After learning that Bavarian leaders would be the guests of honor at an event taking place at a Munich beer hall, Hitler leads more than 2,000 Storm Troopers on a march to seize them. The effort fails, and Hitler is sentenced to five years in prison for treason.

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Shortly before his death, President Woodrow Wilson makes the following statement in relation to his support for the Federal Reserve, "I have unwittingly ruined my country."

W. A. Harriman & Co invests $400,000 in setting up the Union Banking Corporation to act in partnership with the Thyssen-owned Bank voor Handel en Scheepvart in Holland. Prescott Bush, the son of Samuel Bush, is brought into the firm by George Herbert Walker, his father-in-law, to manage Union Banking Corporation (UBC). UBC is now in the position to transfer funds back and forth for Thyssen's United Steel. Subsequent investigators conclude that "the Union Banking Corporation has since its inception handled funds chiefly supplied to it through the Dutch bank by the Thyssen interests for American investment." Walker and Harriman's firm eventually sells over $50,000,000 in German bonds to American investors, who profited enormously from the economic boom in Germany.

Ethyl Corporation is formed jointly by Standard Oil and General Motors.

After serving only 9 months in prison, Hitler is released and begins rebuilding his party.

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I.G. Farben has established powerful allies inside the Republican administration. Secretary of Commerce, Herbert Hoover appoints a 9 member board, Hoover's Chemical Advisory Committee. Seated on this committee is Walter Teagle (Standard Oil of New Jersey), LaMotte du Pont, Frank Blair (President of Sterling) and Henry Howard (Vice-President of Grasselli). Despite the extensive ties the four have with I.G. they sit on a committee whose role is to help America's chemical industry fight off the I.G. cartel.

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N. M. Rothschild & Sons refinance the Underground Electric Railways Company of London Ltd which has a controlling interest in the entire London Underground transport system.

Maurice de Rothschild has a son, Edmond de Rothschild.

Allen Dulles joins Sullivan and Cromwell.

August Thyssen dies at the age of 84, leaving Fritz in control of one of the largest industrial families in Europe. With the aid of Clarence Dillon, of Dillon Read, Thyssen creates the United Steel Works (USW), the biggest industrial conglomerate in German history. Thyssen hires Albert Volger, one of the Ruhr's most influential industrial directors, as director General of USW; he also brings Friedrich Flick, another German family juggernaut, onboard (Friedrich Flick owns coal and steel industries throughout Germany and Poland and desperately wants to invest in the Thyssen empire).

One of Thyssen's and Flick's purposes in their massive corporate merger was to suppress the new labor and socialist movements. Dillon Read handled the Trust's corporate banking in return for two Dillon Read representatives being placed on the board of the German Steel Trust. Albert Voegler was the chief executive of the German Steel trust, and was another industrialist instrumental in bringing Hitler to power. Voegler held directorships in Thyssen's Dutch bank and the Hamburg-Amerika Line. Union Banking Corporation moved into a partnership with part of Flick's empire, Silesian Holding Company -- Walker, Bush and Harriman owned a third of Flick's holding company and called their holdings Consolidated Silesian Steel Corporation (CSSC). Internally, CSSC stock is held by the Harriman 15 Corporation, formed by Harriman and Bush - two thirds of the stock is owned by Flick.

American I.G. is founded as a holding company controlling I.G. Farben assets in the United States. Some of its board members were Edsel Ford, Charles Mitchell (President of Rockefeller's National City Bank of New York, now known as CitiBank), Walt Teagle (President of Standard Oil), Paul Warburg (Federal Reserve chairman and brother of Max Warburg, financier of Nazi Germany's war effort and Director of American I.G.) and Herman Metz, a director of the Bank of Manhattan (now Chase Manhattan Bank), which was controlled by the Warburgs. Three other members of the Board of Governors for American I.G. were later tried and convicted as German war criminals.

As a result of the Thyssen/Flick merger, George Herbert Walker hires Prescott Bush to supervise the United Steel Works account. One division of United Steel Works consists of both CSSC and the Upper Silesian Coal and Steel Company. Both are located in the mineral rich Silesian area of Poland. This arrangement is extremely profitable for all four men: Thyssen, Flick, Walker and Bush until the depression in 1929. Congressional investigations after the war will show United Steel had supplied 50.8 percent of the pig iron in Nazi Germany and was a major supplier of all other ferrous based metal products needed by Hitler's war machine. One of the largest munitions makers in Nazi Germany was funded by Prescott Bush, the father and grandfather of two future US Presidents. Prescott Bush is also promoted to Vice-President of W. A. Harriman & Company.

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In July, Bank of England Governor Montagu Norman, Benjamin Strong of the Federal Reserve Bank, and Dr. Hjalmar Schacht of the Reichsbank, meet in conference. No public reports are ever made of these conferences, which happen on numerous occasions and are wholly informal, but which cover many important questions of gold movements, the stability of world trade, and world economy. Montagu Norman is obsessed with getting back the gold England had lost to America during WWI and returning the Bank of England to its former position of dominance in world finance.

Republican Congressman Louis T. McFadden, Chairman of the House Banking & Currency Committee from 1920 to 1931, would later comment on this Bank of England plan in the midst of the Great Depression in February 1931: "I think it can hardly be disputed that the statesmen and financiers of Europe are ready to take almost any means to reacquire rapidly the gold stock which Europe lost to America as a result of World War I."

John Foster Dulles becomes a director of GAF Company (American I.G.) until 1934.

Hitler and the Nazi party are broke. New members and donations are sparse after the German economic recovery. Desperate for cash; Hitler tells his private secretary Rudolf Hess to 'shake down' wealthy coal tycoon and Nazi sympathizer Emil Kirdorf. Kirdorf pays off Hitler's debt that year.

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Hitler has his eye on the enormous Barlow Palace located in Briennerstrasse, the most aristocratic section of Munich, wanting to convert the palace into the Nazi national headquarters and change its name to the Brown House. Unfortunately the house is out of his price range so Hitler tells Hess to contact Thyssen, who agrees to provide the funds required to purchase and redesign the Palace. Thyssen later says the cost is about 250,000 marks but according to leading Nazis, just the remodeling cost over 800,000 marks (equivalent to $2 million today).

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Secretary of State Henry Stimson refuses to endorse a code-breaking operation, because "Gentlemen do not read each other's mail."
	Harriman & Co. merges with the London firm Brown/Shipley. Brown/Shipley keeps its name, but Harriman & Co. changes its name to Brown Brothers, Harriman. Averell Harriman and Prescott Bush reestablish a holding company called The Harriman 15 Corporation.
	Standard Oil and I.G. Farben begin cartel negotiations
	Harriman bank buys Dresser Industries, supplier of oil-pipeline couplers to Standard and other companies. Prescott Bush becomes a director and financier of Dresser, installing fellow Skull & Bones member Henry Neil Mallon as chairman.

In April, Paul Warburg sends out a secret warning to his friends that a collapse and nationwide depression has been planned for later this year. It is certainly no coincidence the biographies of all the Wall Street giants of this era: John D. Rockefeller; J. P. Morgan; Joseph Kennedy; Bernard Baruch; et al, all marvel at the fact they get out of the stock market completely just before the crash and put their assets into cash or gold.

In August the Federal Reserve begins to tighten the money supply. On 24th October the big New York bankers call in their 24 hour broker call loans. This means both the stockbrokers and their customers have to dump their stocks on the stock market to cover their loans, irrespective of what price they have to sell them for. As a result, the stock market crashes on a day that will go down in history as "Black Thursday."

In his book, The Great Crash 1929, John Kenneth Gailbraith makes the following shocking statement, "At the height of the selling frenzy Bernard Baruch brought Winston Churchill into the visitors gallery of the New York Stock Exchange to witness the panic and impress him with his power over the wild events on the floor."

Republican Congressman Louis T McFadden is as usual, quite candid as to who is responsible; he states of this crash, "It was not accidental. It was a carefully contrived occurrence...The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all."

Franklin Delano Roosevelt's son-in-law, Curtis B. Dall, is working for Lehmann Brothers as a broker on the floor of the New York Stock Exchange on the day of the crash. In his 1967 book, F. D. R. My Exploited Father-In-Law, he states, "Actually, it was the calculated 'shearing' of the public by the World-Money powers triggered by the planned sudden shortage of call money in the New York Money Market."

Despite the claims of how the Federal Reserve would protect the country against depressions and inflation, they continue to further contract the money supply. Between 1929 and 1933, they reduce the money supply by an additional 33%. Even Milton Friedman, the Nobel Peace Prize winning economist will make the following statement in a radio interview in January 1996, "The Federal Reserve definitely caused the Great Depression by contracting the amount of currency in circulation by one-third from 1929 to 1933."

In only a few weeks from the day of the crash, $3 billion vanishes; within a year, $40 billion of wealth. However, it does not simply disappear, it just ends up consolidated in fewer and fewer hands. An example of this is Joseph P. Kennedy, John F. Kennedy's father. In 1929 he is worth $4 million, in 1935 that had increased to over $100 million.

Germany, who is dependent upon foreign trade and American loans is also sent into a severe depression. The German government begins to unravel as Hitler and his German/US industrialist and capitalist backers see the perfect opportunity for capturing the attention of the German people and safeguarding (if not maximizing) profits. Millions of American dollars are spent on rebuilding Germany from damage sustained during WWI. Louis T. McFadden states the following in relation to this, "After World War I, Germany fell into the hands of the German International Bankers. Those bankers bought her and now they own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilities.

The international German bankers have subsidized the present Government of Germany and they have also supplied every dollar of the money Adolph Hitler has used in his lavish campaign to build up a threat to the government of Bruening. When Bruening fails to obey the orders of the German International Bankers, Hitler is brought forth to scare the Germans into submission...

Through the Federal Reserve Board over 30 billion of dollars of American money...has been pumped into Germany...You have all heard of the spending that has taken place in Germany...modernistic dwellings, her great planetariums, her gymnasiums, her swimming pools, her fine public highways, her perfect factories. All this was done on our money. All this was given to Germany through the Federal Reserve Board. The Federal Reserve Board...has pumped so many billions of dollars into Germany that they dare not name the total."

The money pumped into Germany to build her up in preparation for World War II goes into the Thyssen banks, which are affiliated with the Bushes and Harrimans in New York.

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