Warburg Brothers Advised Opposing Governments During WWI While Same Banks Financed Both Sides

Part 3 of 50

Geneva, Switzerland -- The dossier documents that during World War I, which killed 20 million people, Paul Warburg sat on the U.S. Federal Reserve Board while his brother Max Warburg sat on the German Reichsbank Board. J.P. Morgan & Co. served as exclusive purchasing agent for Britain and France, arranging over $3 billion in war loans.

In World War II, Brown Brothers Harriman managed Nazi assets through Union Banking Corporation, seized October 20, 1942 under the Trading with the Enemy Act (Vesting Order 248). Prescott Bush served as UBC director. Additional seizures: Holland-American Trading Corp., Seamless Steel Corp., and Silesian-American Corp., whose operations utilized Auschwitz labor.

Standard Oil maintained its IG Farben partnership. Chase National Bank's Paris branch operated under Nazi occupation.

Legal violations: Trading with the Enemy Act (50 U.S.C. App. § 1); aiding and abetting war crimes; profiting from slave labor.

"The pattern is unmistakable. The same financial institutions fund every side of every major conflict, profiting regardless of outcome while millions die."

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Part 2 of 50

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