Corporate & Complicity

[Saint Giles]

Subject: The GW Bush Gang: IG Farben 2001 


"What my cabinet shows is that I am not afraid to surround
myself with strong and competent people...a good executive
is one that understands how to recruit people and how to
delegate authority and responsibility."-GW Bush 1/2/2001

As promised GW Bush has recruited competent and experienced
advisors. Despite their seeming diversity however they have
a common denominator. The America they reflect is the oil,
pharmaceutical, armament, Wall Street and eugenics interests
long associated with the Bush family.


[[[THIS IS GOOD AND FAIR AND HONEST JOURNALISM?]]]]

 
I don't like Bush one little bit. But is this good
journalism? 
Is this what Thomas Pynchon's art should be burdened with? 

Oil, Arms, Nazis, Eugenics, Wall Street, pharmaceuticals, 
are all connected. How these are connected to the Bush
fortune, to the current administration, can only be
explained by bad journalism. Sure, there are connections,
some of them are quite disturbing, but when you read this
kind of 
journalism you can't help but recognize that the authors are 
not providing facts so much as smearing, slapping the tar,
tossing the mud, 
the shit, not only on the Bush family and everyone ever
associated with them, but 
on the reader. 

Eugenics still exist in America. It's not at the State Fairs
anymore,  but it's 
here and it may be even more of a danger now because its
proponents and practitioners are not mad scientists and
racist politicians. Has Bush family a long association with
eugenics?   What has this got to do with Bush's seemingly
diverse administration? 
Why only a "seeming diversity"? 


Seventy years ago a similar configuration of oil,
pharmaceutical, chemical, military supply and eugenics
interests were organized by Wall Street into IG
Farben/Standard
Oil-Hitler's industrial powerhouse. 

This is another distortion. This statement claims that Wall
Street organized Hitler's 
Industrial Powerhouse. Not true. The connections are there,
yes. IG Farben and Standard Oil were connected. This is a
fact. How were they connected? The author provides
misleading and distorted information and very few facts.
What role did Wall Street play in this connection? What does
the author mean by Wall Street? Is he talking about a
particular Firm?   


To grasp the real significance of what GW Bush's
cabinet has been brought together to accomplish it is
essential to understand the history of IG Farben, its
relationship with American corporations and how together
they applied modern
technology to the task of eugenics or scientific racism.


The author is prescience? He's a prophet? Does he know the
"real significance" the rest of us, including the current
administration, don't and can't know? 

The "facts" about IG Farben and American Finance,
Technology, Eugenics history, are 
being referenced here to explain the significance of what? 
Bush's current or past programs? The author assumes that one
Bush is like the another. 
Ot perhaps it is that the Bush family has been running
things all along? I don't know what the author is trying to
say. 

According to former US Justice Dept. Nazi War Crimes
prosecutor John Loftus-who is today the director of the
Florida Holocaust Museum-"The Bush family fortune came from
the Third Reich,"-Sarasota Herald-Tribune 11/11/2000
http://www.newscoast.com/headlinesstory2.cfm?ID=35115

This is not a fact. This is a claim that has legs but in
fact slithers on the ground.   Certainly there are facts
here, but the claim that the Bush family fortune came from
the Third Reich is misleading. 

Along with the Rockefellers (Standard Oil, Chase Manhattan
Bank), Mellons (Gulf Oil, Alcoa Aluminum), DuPonts (DuPont
Chemicals), General Motors and Henry Ford, banks and
shipping companies operated by the Bush family were crucial
players  in setting up the industrial power behind the Third
Reich. 
 
The crucial players? 

When I  open the paper to the Business section and read the
Dow 30
industrials, I see a basket of companies, public
companies, companies that trade on the NYSE. Those 30 stocks
are each given a weight and the DJIA is calculated based on
the share price of those companies. IBM is the heaviest or
comprises the highest percentage or weight of the DJIA. Note
that IBM is not an industrial company. This basket of stocks
makes the Index. When the economy was more industrial than 
service and technology the index reflected that fact and the
major industrial companies,  and the Banks that financed
their operations by issuing debt through underwriters like
Pynchon & Company or Brown Brothers were also in the DOW. 

So the Dow has changed over time,  but we all know the names
new and old, merged and changed, they change from time to
time, some even fall off the DOW, like Z (Woolworth) or
merge, like Reynolds and Nabisco or sue each other and merge
after hostile or friendly takeovers LBOs or PacMan
maneuvers, like the Texaco Pennzoil case, but we know them
household names, global giants,  as Alcoa, Boeing, Dupont,
Dow, EK, Sears, AT&T (sometimes the government breaks them
up, Ma Bell and her babies, Coke, Ford, GM, Disney, Good
Year,  MMM-- Minnesota mIning and Manufacturing, Emerson
Elec, RJR,
Johnson and Johnson, Merck, Kellogg,  New mount Mining,
Occidental  Petroleum, Philips, Quaker Oats, RJR, Philip
Morris, Union Carbide, Waste management....big banks like
Bank of America (a very special bank) CHL, Chase, JP Morgan,
Mellon, PNC,
Citi, BONY, BONE, these merge and are in and out, but the
current DOW 30 is 

Alcoa, AT&T, American Express, Boeing, Cat, Coke, Citi,
Dupont, Kodak, Xon, GE, GM, Home Depot (Good year is off),
here are the Tech stocks,  all bunched up around I-BEAM,
Intel, Hewlett, Honey, and International Paper an oldy but
goldy, JP Morgan and Chase are merged (hmmmmm), Tripple M,
PhilMO, Proctor and Gamble, Microsoft, SBS, Wal-Mart, and
Walt Disney. 

http://averages.dowjones.com/home.html  



There is a separate Transportation Average and a Utility
Average, but most of the time when people talk about the
market, they talk about the DOW. This is also changing as
many of the new Technology stocks are listed on the NASDAQ,
an OTC
or Over The Counter Market. BTW, all the stocks combined are
but a pimple on the elephants ass that is the the OTC market
where a Word is truly made paper, the Bond Market. 

So, if you go back to the period in question  you will
discover that the Companies listed as having built the Nazi
industrial power are the big US Companies, Banks,  and
Firms. And of course these were by and large Public
companies, companies owned by stock holders. This is an
important concept. Public companies are indebted to Bond
holders, the Insurance funds, Retirement funds, the Public
and Private Pension Funds, the mutual funds of the public,
and they are owned by the public, the stock holders. 

In America, the people have all the money. This is very
important. The US is not Japan, cartels are not vital to the
US economy. The markets are relatively free and open and
public. American households may have higher debt to equity
ratios than citizens in other Industrialized Nation States
and lower savings rates than some, but US companies and the
US government would close down in the morning w/o high debt
to capital ratios. The US government, as I type this up, is
out in the Street borrowing billions. It's also paying off
billions.  US companies are also out in the Street floating
debt, borrowing money from the mutual funds (not the
product, a Mutual Fund, although these are a portion of the
the public mutual funds) of citizens of these United States,
other governments, 
and most of this money is YOURS.  Where is your
pension invested? Do you own IBM? 

More on all this as time permits. 

TBC