Franklin D. Roosevelt is frequently described as one of the greatest presidents in American history, remembered for his leadership during the Great Depression and Second World War. Antony Sutton challenges this received wisdom, presenting a controversial but convincing analysis. Based on an extensive study of original documents, he concludes that: * FDR was an elitist who influenced public policy in order to benefit special interests, including his own. * FDR and his Wall Street colleagues were ‘corporate socialists’, who believed in making society work for their own benefit. * FDR believed in business but not free market economics. Sutton describes the genesis of ‘corporate socialism’ – acquiring monopolies by means of political influence – which he characterizes as ‘making society work for the few’. He traces the historical links of the Delano and Roosevelt families to Wall Street, as well as FDR’s own political networks developed during his early career as a financial speculator and bond dealer. The New Deal almost destroyed free enterprise in America, but didn’t adversely affect FDR’s circle of old friends ensconced in select financial institutions and federal regulatory agencies. Together with their corporate allies, this elite group profited from the decrees and programs generated by their old pal in the White House, whilst thousands of small businesses suffered and millions were unemployed. Wall Street and FDR is much more than a fascinating historical and political study. Many contemporary parallels can be drawn to Sutton’s powerful presentation given the recent banking crises and worldwide governments’ bolstering of private institutions via the public purse.
NOTE: I know that we are all busy with family, work and staying up with current events, but it sure pays big dividends to take some time –if you can find it– to discover some of the history we never knew. It really puts so much of what we are going through today into perspective and as a major benefit insulates you from much of the disinformation, half-truths and bold-faced lies bouncing off the walls of the echo chamber we call news. This is true of the MSM and also true of the Alt media; the difference here is that the MSM are controlled by the predominant power structure and the Alt media are equivalent to the wild, wild west . . . and granted, many of the establishment’s hit-men use the Alt media sometimes to accomplish some covert agenda; so the busy ‘work-a-day’ citizen is haplessly awash in an seemly endless sea of conflicting information without a proper rudder to guide him to solid ground. So how are we as good citizens to become informed and how are we to know truth from falsehoods? Most of us pick out people whom we think are trustworthy and echo their statements of truth as our own with the understanding that these truth-sayers have more time and ability to distill truth from fiction. There are many trustworthy people –if by that you mean people who seek the truth– but there are far fewer who also know the truth by detailed study of, not hearsay, but of the facts; and not just any old facts or fact-claims, but those who have taken the time to view original source documents. This is a recent quest of mine, having been misled for so many years in believing that the Fed was Federal, or that Banks were honest, or believing the Vietnam story or the 9/11 whitewash. To this end, I have taken the time to find not only those who presumptively seek to tell the truth but those who have access to original source documents to substantiate their fact-claims. Luckily, there are a few pearls of truth to be found in this sea of deception, misinformation and out-right ignorance. If you care to take a peek, I would kindly encourage you to view chapter 10 of Sutton’s ‘Wall Street and FDR’ which can be found in the PDF below.