This is the second installment in the Evil Plots series from HistoryDojo. Please find the first installment here.
The plot to support the Nazi regime after war was declared makes the story of Prescott Bush one of the most evil plots that no one has heard of.
Prescott Bush is the father of former president George Herbert Walker Bush and the grandfather of former president George W. Bush. The family connection to the Nazi regime started in the 1930’s with the banking and finance dealings with Fritz Thyssen, an industrialist in Germany who funded the early Nazi Party and helped push it’s ascendancy onto German politics.
While this alone would not be so scandalous, it is the continued support for Thyssen after the American entry into the war that strikes as evidence that the Bush Dynasty benefited from fascism.
According to John Buchanan (New Hampshire Gazette, 10 October 2003):
After 60 years of inattention and even denial by the U.S. media, newly-uncovered government documents in The National Archives and Library of Congress reveal that Prescott Bush, the grandfather of President George W. Bush, served as a business partner of and U.S. banking operative for the financial architect of the Nazi war machine from 1926 until 1942, when Congress took aggressive action against Bush and his “enemy national” partners.
The documents also show that Bush and his colleagues, according to reports from the U.S. Department of the Treasury, tried to conceal their financial alliance with German industrialist Fritz Thyssen, a steel and coal baron who, beginning in the mid-1920s, personally funded Adolf Hitler’s rise to power by the subversion of democratic principle and German law.
Furthermore, the declassified records demonstrate that Bush and his associates, who included E. Roland Harriman, younger brother of American icon W. Averell Harriman, and George Herbert Walker, President Bush’s maternal great-grandfather, continued their dealings with the German industrial tycoon for nearly a year after the U.S. entered the war.
The continued financial dealing with a enemy of the United States, which was actively killing American soldiers at the time the Bush family was profiting from it’s partnership with the Nazi’s makes the scandal an evil plot.
The seizure of the assets of Bush’s company by the government is further proof that the Bush family was colluding with the most evil regime in Western history. These assets were never returned, and the Bush family has not contested their seizure since. This acceptance of guilt is also further evidence of the evil nature of this plot by the Bush family to cooperate with the Nazis.
While Prescott Bush’s “company’s assets were seized in 1942 under the Trading with the Enemy Act”, George W. Bush’s grandfather was never prosecuted for his business dealings with Nazi Germany.
From Business Insider:
Prescott went on to direct Union Banking Corp., an investment bank that facilitated the transfer of gold, oil, steel, and coal all over the globe during World War II. The bank’s assets were later frozen under suspicion that the bank backed Nazi sympathizers.
Fortunately for Prescott, he did not own his share in UBC; rather, he held it on behalf of a Dutch bank. A degree removed from Hitler’s “secret nest egg,” he was never found guilty of any crime.
The transfer of these ill gotten gains from Nazi control to U.S. accounts operated by Prescott Bush would come with fees and maintenance charges that would be a percentage of the assets under management.
This percentage, over time, amounted to a fortune for Prescott Bush. This fortune is the foundation of the Bush family fortune, which helped propel Prescott Bush into politics, where he served as a U.S. senator from Connecticut and an adviser to future president Eisenhower and Nixon.
Later, of course, George H.W. Bush became a senator from Texas, Director of the CIA, Vice President and served one term as President of the United States. Prescott Bush’s grandson, George W. Bush, served as two term governor of Texas, and was twice elected President of the United States.
Here is a “conspiracy video” that lays out much of the evidence.
This is not to claim that the son or grandson of Prescott Bush knew about or approved of his cooperation with Thyssen and the Nazis. The privileged they enjoyed growing up in the well heeled environs of Connecticut, however, came from the benefits their ancestor Bush derived by profiting off of the murderous Nazi rule.
The absence of any reckoning, or of any admission of this benefit does fall on them, however.