The Hidden Evil: Wall Street funded Communists

Professor Sutton stated, "Western textbooks on Soviet economic development omit any description of the economic and financial aid given to the 1917 Revolution and subsequent economic development by Western Firms and banks." "In the Bolshevik Revolution we have some of the world's richest and most powerful men financing a movement which claims its very existence is based on the concept of stripping of their wealth," declared Allen. "[M]en like the Rothschilds, Rockefellers, Schiffs, Warburgs, Morgans, Harrimans, and Milners."

Perloff agreed, "Jacob Schiff, the head of Kuhn, Loeb and Co., heavily bankrolled the [Communist] revolution. This was reported by White Russian General Arsine de Goulevitch in his book Czarism and the Revolution." "According to his grandson John," described Allen, "Jacob Schiff ... long-time associate of the Rothschilds, financed the Communist Revolution in Russia to the tune of $20 million." He continued, "According to a report on file with the State Department, his firm, Kuhn Loeb and Co. bankrolled the first five year plan for Stalin," and added, "Schiff's descendents are active in the Council on Foreign Relations today."

Referring to the emergence of a communist dictatorship which resulted from the Bolshevik Revolution in 1917, Professor Marrs wrote that they were funded by "Germany and America. ... Their repugnant campaign to purify and cleanse Mother Russia and to seek world domination resulted in ... [millions of] human beings wiped out and brutally purged..." He attested, "Brown Brothers Harriman" helped finance it with "money made possible by it and the affiliated Guaranty Trust Company." Professor Sutton agreed, writing "W. Averell Harriman was a director of Guaranty Trust Company" and "was involved in the Bolshevik Revolution."

On February 3, 1949, the New York Journal-American stated, "Today it is estimated even by Jacob's grandson, John Schiff, a prominent member of New York Society, that the old man sank about $20,000,000 for the final triumph of Bolshevism in Russia. Other New York banking firms also contributed."

Referring to a June 15, 1933, Congressional Record, Allen wrote "Congressman Louis McFadden, chairman of the House Banking Committee, maintained in a speech to his fellow Congressman: "The Soviet government has been given United States Treasure funds by the Federal Reserve Board and the Federal Reserve Banks acting through the Chase Bank and the Guaranty Trust Company and other banks in New York City. ... Open up the books of Amtorg, the trading organization of the Soviet government in New York, and of Gostorg, the general office of the Soviet Trade Organization, and of the State Bank of the Union of Soviet Socialist Republics and you will be staggered to see how much American money has been taken from the United States' Treasury for the benefit of Russia."

"Now our textbooks tell us that the Nazis and Soviets were bitter enemies and their systems are opposites," observed Professor Sutton. But in the "1920s, W. Averell Harriman was a prime supporter of the Soviets with finance and diplomatic assistance ... [and] participated in RUSKOMBANK," which was "the first Soviet commercial bank. Furthermore, Max May, the Vice President of Guaranty Trust, which was dominated by Harriman and Morgan, became the first Vice-President of Ruskombank." However, declared Professor Sutton, "Averell Harriman, his brother Roland Harriman, and ... E.S. James and Knight Woolley, through the Union Bank ... were prime financial backers of Hitler." He asked, "How could a rational man support Soviets and Nazis at the same time?"

A curious dilemma arises when faced with the documented fact that Wall Street funded both Communists and Nazis. First, it would seem these two forms of government are at opposite ends of the political spectrum.
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