Roots of Radicalism

A Revolution Betrayed

Part 1, by Derek Holland

On June 30th, exactly fifty years will have elapsed since the 'night of the long knives' in Hitler's Germany which left Gregor Strasser, amongst others, murdered. To commemorate this sombre anniversary, Derek Holland has written two articles in which he argues that the German National Revolution was betrayed following Strasser's death.

"Hitler had become a conservative, he needed money for his party and this money could only come to him from the capitalists. The expropriation of the ruling classes was bound to unsettle heavy industry, the bankers and the big landowners".

Hitler and I ― Otto Strasser.

FOR MANY Nationalists the idea that Hitler was a tool of Capitalists is an unthinkable heresy, but as political activists in a real world it is essential that we proceed from historical facts, not wishful thinking. The contradictions of Hitlerism are manifest ― they must be studied for their logical consequences.

A nation is only truly sovereign when its economy is vibrant and largely in the hands of the working population ― the existence of influential, sectional interests points, not to sovereignty, but to national enslavement. Weimar Germany in the Twenties was a parasites' paradise, a paradise created largely by the economic provisions of the Treaty of Versailles which capitalists and Jews used to enrich themselves at the expense of the German people. In 1924 the Dawes Committee of Experts was convened to resolve Germany's worsening financial plight, the proposals resulting being, according to Prof. Quigley, "largely a J.P. Morgan production", Morgan being a mega-capitalist. The Dawes Plan arranged $800,000,000 in foreign loans for Germany, most of this going to establish the chemical and steel cartels of I.G. Farben and United Steelworks. One prominent German exponent of this Plan was Hjalmar Schacht, a Wall Street contact-man, a director of a Communist bank, and a freemason ― he was to become "Hitler's financial genius".


The establishment of these two cartels was significant in that although they only manufactured two or three basic industrial products, these products were vital to the continued functioning of the other German cartels; thus, these two conglomerates enforced their will throughout German heavy industry.

By 1939 one of these multi-national corporations, I.G. Farben, had become the world's largest chemical complex with 28 of its 43 major products being of 'primary concern' to the German Armed Forces. Farben produced ALL of Germany's synthetic rubber, methanol and lubricating oil; 95%. of her poison gas; 90% of her plastics; 84% of her explosives; 70% of her gunpowder and 46% of her aviation fuel. Farben had also acquired an influence in 380 other German firms as well as in over 500 foreign ones; it had 2,000 cartel agreements with capitalist concerns like Rockefeller's Standard Oil of New Jersey, Morgan's Dupont and Dow Chemical. Farben possessed its own coal mines and electric power plants, its own iron and steel units, its own research units and banks ― it was a law unto itself, a law dominating the economy, an economy geared for capitalist war. One of the chiefs of German I.G. Farben was Max Warburg, usurer and Jew, whilst its American subsidiary had the services of "Americans" like Paul Warburg, Adolf Kuttroff and W.E. Weiss.

United Steelworks was equally influential. In 1938 it produced 50.8% of all Germany's pig iron, 45.5% of her pipes and tubing, and 35% of her explosives. Other firms successfully operating in Nazi Germany were Ford Motor Co, and Opel Motors who both manufactured German tanks. The freemason Henry Ford, with an eye on profit, was an early patron of the NSDAP (ref: New York Times Dec 20th 1922) who later merged his German interests with German I.G. Farben. The influence of J.P. Morgan was so great in Hitler's Germany that Opel Motors was granted tax exemption in 1936! Indeed, capitalists were so active in Nazi Germany that Prof. Sutton wrote: "in 1933 a stream of Wall Street bankers and industrialists filed through the U.S. Embassy in Berlin, anxious to find ways to do business with the new regime."


It could be argued that this powerful economic bloc of cartels was created by accident, not design, since it predated the Hitler government, and that capitalists merely sought to make the best of a bad situation; a plausible, but untenable viewpoint. Firstly, it doesn't explain why Hitler didn't destroy these anti-German multi-nationals; secondly, it avoids the documented, historical fact that Hitler's seizure and maintainance of power was financed by Big Business.

The post-war Kilgore Committee noted: "By 1924 prominent industrialists and financiers among them Voegler, Kirdorf and Von Schroder, were secretly giving substantial sums to the Nazis. In 1931 members of the coalowners association pledged themselves to pay 50 pfennigs for each ton of coal sold, the money to go to Hitler". In 1924, Nuremberg industrialists donated $20,000 to the NSDAP.

In May 1932, a meeting of industrialists at the Kaiserhof, attended by Schmitz of I.G. Farben, Ilgner of American I.G. Farben, Kieps of Hamburg― Amerika Line, and Diem of the German Potash Trust, collected 500,000 reichmarks (RM) for party funds. During 1932-3, Friedrich Flick, a director of the electrical giant A.E.G., donated 150,000RM to Hitler's slush fund, the National Treuhand. The evidence for such transferals still exists ― e.g. a 60,000RM donation from A.E.G., dated March 2nd 1933, passed through the account at the Delbruck Schickler Bank ― the account was administered by Schacht and Hess and the slips are located in NMT file no. 391―95.

It was in 1933, however, that the capitalists really began donating. Emil Kirdorf gave 600,000RM as did the steel magnates Krupps. I.G. Farben gave 400,000RM, whilst A.E.G. supplied 60,000RM. Osram electric gave 40,000RM, Hoesch AG 36,000RM and Telefunken 35,000RM. Individuals included 300,000RM from Karl Hermann, 200,000RM from Steinke and 50,000RM from Karl Lange. The grand total for February 1933 was 3,000,000RM, 45% of which came from the Jew-dominated Farben Empire.

I.T.T., today the world's largest multinational, founded by Sosthenes Behn, was also anxious to get in on the act. In August 1933, Behn and Henry Manne, the German I.T.T. representative, met at Berchtesgaden where Baron Kurt von Schroder took I.T.T. interests under his wing and among other things purchased a substantial interest for I.T.T. in Focke-Wolfe aircraft.

Schroder was typical of the 'National Socialists' that came to prominence in the Hitlerite state. He was chief of J.H. Schroder of London and of the J.H. Schroder Banking Corporation of New York. He became Germany's delegate to the BIS in 1933. By 1940, Schroder was a member of the International Chamber of Commerce, Presiding member of the German industrial and commercial Assembly, a member of the Reich Board of Economic Affairs, President of the German Railways administrative board and deputy chairman of the Reich Group for Industry and Commerce ― with his banking interests and his position in the SS, he was a powerful man. In 1936, he merged his New York Corporation with the Rockefeller Empire creating Schroder, Rockefeller & Co.


Money for the NSDAP didn't stop flowing in 1933, it merely went through other channels such as Himmler's Circle of Friends. The purpose of this Circle was to raise finance and so included the likes of Emil Meyer, a director on every I.T.T. and A.E.G. board, Otto Steinbrinck, Vice President of United Steelworks, Emil Helffrich, chairman of the Rockefeller subsidiary DAP AG and Hjalmar Schacht. The Circle never exceeded 40 in number, though the Dresdner Bank, one of Germany's "Big Five", had 7 representatives, whilst 8 people fronted for Farben interests; A.E.G. United Steel and other Wall Street conglomerates were also heavily represented. All these 'Friends' passed their offerings through the 'Special Account S' held at the Stein Bank. In 1943 I.T.T. subsidiaries gave 66,000RM, whilst in 1944 they gave 61,000RM; another 1944 contributor was Otto Steinbrinck who donated 100,000 RM.

It is a curious fact that Capt Norbert Bogdan, a Jew, Head of the Finance Division of the Allied Control Commission which administered post-war Germany, whilst anxious to investigate big banks was equally anxious to avoid 'small potatoes' like the Stein Bank. That Bogdan didn't want to investigate the bank which held the evidence that Allied capitalists were financing the Nazis during WWII may seem coincidental until you find out that Bogdan was Vice President of J.H. Schroder Banking Corporation of New York!

The evidence that the Hitlerites sold out to Big Business is overwhelming as a reading of Sutton's Wall Street and the Rise of Hitler should confirm; good supplementary reading is Nemesis by Douglas Reed which demonstrates clearly that the National Socialism of the Stormtroopers and the Strassers was betrayed in favour of Capitalists, Jews and reactionary militarists ― why? Because, "He who pays the piper calls the tune".

Lew Grade ― if he had lived in Nazi Germany would he have been an honourary Aryan"?


Hitlerite apologists confronted by such facts invariably retort: "but he solved the Jewish Question didn't he?" Most Nationalists know that the Holocaust is a myth, but few have heard of Hitler's "honourary Aryans", These 'Aryans' included the likes of Sal, Waldemar and Eberhard Oppenheim, Jewish bankers, although the Party Programme stipulated: "No Jew may be part of the Nation". Eberhard donated 200,000RM to Hitler, whilst Sal and Waldemar continued their business under the name 'Pferdmenges & Co' ― perhaps "unless they can fork out enough cash" should have been added to the programme.

Otto Strasser warned in the 1920's that Hitler's victory would be a victory, not for National Socialism, but for Capitalism and Plutocracy. For this, the Gestapo sought to murder him ― was Strasser really mistaken?