Skip to comments.All the Presidents' Bankers: The Hidden Alliances that Drive American Power
Posted on 04/14/2014 8:05:08 AM PDT by Yollopoliuhqui
Who rules America?
All the Presidents Bankers is a groundbreaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history.
Culled from original presidential archival documents, All the Presidents Bankers delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politicsor greed driving bankers.
Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protégé relationships that have confined national influence to a privileged cluster of people. These families and individuals recycle their power through elected office and private channels in Washington, DC.
All the Presidents Bankers sheds new light on pivotal historic eventssuch as why, after the Panic of 1907, Americas dominant bankers convened to fashion the Federal Reserve System; how J. P. Morgans ambitions motivated President Wilson during World War I; how Chase and National City Bank chairmen worked secretly with President Roosevelt to rescue capitalism during the Great Depression while J.P. Morgan Jr. invited Roosevelts son yachting; and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II.
Prins divulges how, through the Cold War and Vietnam era, presidents and bankers pushed Americas superpower status and expansion abroad, while promoting broadly democratic values and social welfare at home. But from the 1970s, Wall Streets rush to secure Middle East oil profits altered the nature of political-financial alliances. Bankers profit motive trumped heritage and allegiance to public service, while presidents lost control over the economyas was dramatically evident in the financial crisis of 2008.
This unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation. All the Presidents Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power. Prins leaves us with an ominous choice: either we break the alliances of the power elite, or they will break us.
Sounds like a must-read. The heart and soul fo crony capitalism.
Damn, I’m definitely going to get this one... Thanks for the heads up!
Problem - Reaction - Solution
Of recent presidents Truman, Eisenhower, Johnson, Nixon, Ford, Carter, Reagan, Clinton and Obama (arguably) did not grow up in an atmosphere of high privilege. Most were lower middle class or even poor for much of their childhood.
If you like, we can consider them all as having been adopted into the ruling class, but such a class open to talent in this way puts a really serious dint in the author's argument.
Conservatives have a reputation for possessing financial savvy, being business oriented and all. But there is a curious, almost willed ignorance, among mainstream conservatives about how banking works and how powerful banking families have been through history, taking over the “shadow government” and “invisible hand” influence that used to be the Vatican’s area of expertise.
The GOP has traditionally rubber stamped any and every whim Wall St. promoted, and it has been a serious error to do so. Tea Party, libertarian and old JBS conspiracy oriented elements are the only sanity left in the GOP. We need to demand debate with the GOP mainstream, corner their candidates in winnable primaries and use all the smarts we possess to stir up enough guerilla theater mischief to make our data impossible to ignore. Winteregg’s “Electile Dysfunction” campaign is genius.
The Globalist Banksters not only ran Crony Capitalism they also financed Communism.
WALL STREET AND THE BOLSHEVIK REVOLUTION
THE BEST ENEMY MONEY CAN BUY
Problem - Reaction - Solution
Don’t forget Anthony Sutton’s “Wall St. and the Rise of Hitler”.
After Andrew Jackson toasted their buns, the bankers determined to get on the inside, and stay there.
I’ve oft commented that he is on the $20 purely out of in-your-face spite on the part of the bankers.
I stopped reading at that point.
Money or wealth and power go hand in hand. Always have and always will.
The monied interests, the wealthy business class, save Egypt from Morsi and in time resurrect Libya. They are gaining power in China.
Quite true. However, down thru history wealth generally grew out of power rather than power out of wealth.
Only with the development of modern capitalistic rule of law societies did it become even possible for families to accumulate multi-generational wealth without the direct political power needed to protect it.
Much of the history of the Left can be seen as a desire to return to that paradigm. They want the power so they can control and reap the benefits of the wealth.
Many attempt by business to influence government can be seen as easily as extortion by politicians as bribery by business.
Yep, the parasites versus the producers. Except being morally corrupt, the parasites don’t know when to stop and end up destroying everything.
Earning money is like drinking fresh water. Parasitizing money is like drinking salt water. Two very different effects on the human soul.