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Nazi Money Financed Germany's Post-War Revival

September 6, 2015

While Allied soldiers were invading Germany in 1944, the Nazis transferred its wealth to the West with the cooperation of Allied corporate elite, intelligence agencies and Swiss Banks. The Nazis owned as many shares of Standard Oil as the Rockefellers! 

When he wrote Martin Bormann: Nazi in Exile (1981) Paul Manning had the transcript of the planning meeting August 10, 1944 at Hotel Maison Rouge in Strasboug (left.) Below are excerpts from a summary by Dave Emory, who deserves credit for keeping this story alive.

 "Ger­man indus­tri­al­ists must be pre­pared to finance the con­tin­u­a­tion of the Nazi Party, which would be forced to go under­ground, just as had the Maquis in France."

by Paul Manning

The Bor­mann orga­ni­za­tion con­trols cor­po­rate Ger­many and much of the corporate world. Mar­tin Bor­mann, the orga­ni­za­tional genius who was the "the power behind the throne" in Nazi Ger­many drafted the plan.

Hitler, his intu­itions at peak level despite his crum­bling phys­i­cal and men­tal health, advised Bormann to 'Bury your treasure,or you will need it to begin a Fourth Reich.' 
 [SS Obergruppenfuhrer] Dr Scheid, [managing director at the Heshe company] presided at the meeting. Bormann told him: 'The steps to be taken...will deter­mine the post­war future of Ger­many.' The Reish­sleiter had added, 'Ger­man indus­try must real­ize that the war can­not now be won, and must take steps to pre­pare for a post­war com­mer­cial cam­paign which will in time insure the eco­nomic resur­gence of Ger­many.' 
A tran­script of that meet­ing is in my pos­ses­sion. It is a cap­tured Ger­man doc­u­ment from the files of the U.S. Trea­sury Depart­ment, and states who was present and what was said, as the econ­omy of the Third Reich was pro­jected onto a post­war profit-seek­ing track.
Dr. Scheid told the industrialists: "From now on, Ger­many indus­try must take steps in preparation for a post­war com­mer­cial cam­paign, with each indus­trial firm mak­ing new contacts and alliances with foreign firms. This must be done indi­vid­u­ally and with­out attract­ing any sus­picion." 
Dr. Scheid also affirmed, 'The ground must now be laid on the finan­cial level for bor­row­ing con­sid­er­able sums from for­eign coun­tries after the war.' 

As an exam­ple of the kind of sup­port that had been most use­ful to Ger­many in the past, Dr. Scheid cited the fact that 'patents for stain­less steel belonged to the Chem­i­cal Foun­da­tion, Inc. New York, and the Krupp Com­pany of Ger­many, jointly, and that of the United States Steel Cor­po­ra­tion, Carnegie, Illi­nois, Amer­i­can Steel & Wire, National Tube, etc., were thereby under an oblig­a­tion to work with the Krupp con­cern.' 

He also cited the Zeiss Com­pany, the Leica Com­pany, and the Hamburg-Amerika line as typ­i­cal firms that had been espe­cially effec­tive in pro­tect­ing Ger­man inter­ests abroad. He gave New York addresses to the twelve men.
 Dr. Bosse from the Armaments Ministry restated Bormann's belief that the war was all but lost, but that it would be con­tin­ued by Ger­many until cer­tain goals to insure the eco­nomic resur­gence of Ger­many after the war had been achieved. He added that Ger­man indus­tri­al­ists must be pre­pared to finance the con­tin­u­a­tion of the Nazi Party, which would be forced to go under­ground, just as had the Maquis in France.
From this day, Ger­man indus­trial firms of all rank were to begin plac­ing their funds--and, wher­ever pos­si­ble, key manpower--abroad, espe­cially in neu­tral coun­tries. Dr. Bosse advised that 'two main banks can be used for the export of funds for firms who have made no prior arrange­ments; the Basler Han­dels­bank and Schweiz­erische Kred­i­tanstalt of Zurich.' He also stated, 'There are a num­ber of agen­cies in Switzer­land which for a five per­cent com­mis­sion will buy prop­erty in Switzer­land for Ger­man firms, using Swiss cloaks.'

Dr. Bosse closed the meet­ing, observ­ing that "after the defeat of Ger­many, the Nazi Party recog­nizes that cer­tain of its best known lead­ers will be con­demned as war crim­i­nals. How­ever, in coop­er­a­tion with the indus­tri­al­ists, it is arrang­ing to place its less con­spic­u­ous but most impor­tant mem­bers with var­i­ous Ger­man fac­to­ries as tech­ni­cal experts or mem­bers of its research and design­ing offices.

Bor­mann set up 750 cor­po­ra­tions in neu­tral coun­tries, and these became repos­i­to­ries for the liq­uid wealth of the Third Reich. Over­seas sub­sidiaries of key Ger­man cor­po­ra­tions were also cen­tral to the real­iza­tion of the Bor­mann assets. A break­down by U.S. trea­sury inves­ti­ga­tors of these new 750 Ger­man firms was as fol­lows: Por­tu­gal, 58; Spain, 112; Swe­den, 233; Switzerland, 214; Turkey, 35; Argentina, 98.

Over half of the total Ger­man cap­i­tal in Switzer­land was used in set­ting up hold­ing com­pa­nies rep­re­sent­ing I.G. Far­ben, Merck, Siemens, Osram, Henkel, and oth­ers. A hold­ing com­pany may not trade in any form. It may only hold stock in other com­pa­nies, but through this device the exist­ing Ger­man firms, and the 750 new cor­po­ra­tions estab­lished under the Bor­mann pro­gram, gave them­selves absolute con­trol over a post­war eco­nomic net­work of viable, pros­per­ous com­pa­nies that stretched from the Ruhr to the 'neu­trals' of Europe and to the coun­tries of South Amer­ica; a con­trol that con­tin­ues today and is eas­ily main­tained through the bearer bonds or shares issued by these cor­po­ra­tions to cloak for real own­er­ship. 

Bearer shares require no reg­is­tra­tion of iden­tity, for such shares are exactly what they mean; the bearer of the major­ity shares con­trols the com­pany with­out need­ing a ves­tige of proof as to how he acquired them. Thus the Ger­mans who par­tic­i­pated as a silent force in Bormann's post­war com­mer­cial campaign--which is some­times referred to by aging nazis as 'Oper­a­tion Eagle's Flight' or 'Aktion Adlerflug'-insured their com­mand over the indus­trial and finan­cial insti­tu­tions that were to move the new Fed­eral Repub­lic of Ger­many back into the fore­front of world eco­nomic leadership.


Scruples - the game of moral dillemas

Henry Makow received his Ph.D. in English Literature from the University of Toronto in 1982. He welcomes your comments at