SECRETS+CONSPIRACIES :.

THE BUSH FAMILY SKELETON

  Posted Oct 18.05

The central charge is against George W.Bush's paternal grandfather Prescott Bush, an investment banker with Brown Brothers Harriman (BBH), though his maternal great-grandfather, George Herbert Walker and great-uncle, Herbert Walker Jr, who also worked for BBH, were also implicated.

BBH funnelled U.S. capital into Germany during the Twenties and Thirties. In 1942, under the Trading With The Enemy Act, the U.S. government seized several companies in which they had an interest, including the Union Banking Corporation (UBC) of New York, which was controlled by German Industrialist Fritz Thyssen, an early financier of the Nazi Party.

Another charge is that Prescott and his associates had a stake in the Silesian-American Corporation (SAC), which owned several industrial concerns in Poland. Auschwitz death camp was established in a district where SAC already had a steel plant, and the plant allegedly used force labour from Auscwitz during World War II.

Claims that Prescott was involved are largely Democratic propaganda, and the slave labour charge is easy to dismiss: SAC plants in Poland were taken over by the German government after the Nazi invasion of 1939 and Auschwitz wasn't established until 1940.

Prescott's involvement with Nazi finance is more complicated. Though Thyssen had been an ardent backer of the Nazis in the early days, he broke with them in 1938 after the Kristallnacht pogrom against the Jews.

He fled to Switzerland the following year and Hitler confiscated his fortune and stripped him of his citizenship. In 1941, Thyssen published a book entitled I Paid Hitler in which he confessed to financing the Nazis and denounced the Fuhrer. Arrested in France, he spent the rest of the war as an Axis prisoner. Prescott Bush, for his part, owned a single share of stock of 4,000 in UBC, the Thyssen bank.

Originally published in the Daily Mail, London - Feb 25. 2003

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