Missing history: US oligarchs finance Socialism

Missing history: US oligarchs finance Socialism

Socialism was never a movement for “the masses”

by Jon Rappoport

February 20, 2018

In 1971, Gary Allen published his book, None Dare Call it Conspiracy. It quickly became an unofficial best seller.

Over the years, several million copies have been sold.

Allen’s thesis was stark: super-rich American capitalists were financing socialism. This bizarre paradox was resolved when socialism was properly understood—not as “power to the people”—but as elite power over the people. In other words, as a hoax.

These days, the socialist hoax is still unknown to most of the population:

Cloak a global power grab as progress for all of humanity.

Here, from chapter six of None Dare Call it Conspiracy, “The Rockefellers and the Reds,” is an explosive passage commenting on the period just after the Russian Revolution of 1917:

“The Rockefellers assigned their public relations agent, Ivy Lee, to sell the American public the idea that the Bolsheviks were merely misunderstood idealists who were actually kind benefactors of mankind.”

“Professor Antony Sutton of Stanford University’s Hoover Institution, notes in his highly authoritative Western Technology and Soviet Economic Development:”

“’Quite predictably…[Ivy] Lee concludes that the communist problem is merely psychological. By this time he is talking about “Russians” (not Communists) and concludes “they are all right.” He suggests the United States should not engage in propaganda; makes a plea for peaceful coexistence; and suggests the United States would find it sound policy to recognize the USSR and advance credits [give loans].’ (Antony Sutton, Western Technology and Soviet Economic Development, 1917-1930, Hoover Institution on War, Revolution and Peace, Stanford University, Calif., 1968, p.292)”

“After the Bolshevik Revolution, Standard [Oil] of New Jersey [Rockefeller] bought 50 per cent of the Nobel’s huge Caucasus oil fields even though the property had theoretically been nationalized [by Russia]. (O’Connor, Harvey, The Empire Of Oil, Monthly Review Press, New York, 1955, p.270.)”

“In 1927, Standard Oil of New York [Rockefeller] built a refinery in Russia, thereby helping the Bolsheviks put their economy back on its feet. Professor Sutton states: ‘This was the first United States investment in Russia since the Revolution.’ (Ibid, Vol.1, p.38)”

“Shortly thereafter Standard Oil of New York and its subsidiary, Vacuum Oil Company [Rockefeller], concluded a deal to market Soviet oil in European countries and it was reported that a loan of $75,009,000 to the Bolsheviks was arranged. (National Republic, Sept.1927.)”

“…Wherever Standard Oil would go, Chase National Bank was sure to follow. (The Rockefeller’s Chase Bank was later merged with the Warburg’s Manhattan Bank to form the present Chase Manhattan Bank.) In order to rescue the Bolsheviks, who were supposedly an archenemy, the Chase National Bank was instrumental in establishing the American-Russian Chamber of Commerce in 1922. President of the Chamber was Reeve Schley, a vice-president of Chase National Bank. (Ibid, Vol.11, p.288) According to Professor Sutton: ‘In 1925, negotiations between Chase and [Russian] Prombank extended beyond the finance of raw materials and mapped out a complete program for financing Soviet raw material exports to the U. S. and imports of U. S. cotton and machinery.’ (Ibid, Vol.11, p.226) Sutton also reports that ‘Chase National Bank and the Equitable Trust Company were leaders in the Soviet credit business.’ (Ibid, p.277)”

“The Rockefeller’s Chase National Bank also was involved in selling Bolshevik bonds in the United States in 1928. Patriotic organizations denounced the Chase as an ‘international fence.’ Chase was called ‘a disgrace to America… They will go to any lengths for a few dollars profits.’ (Ibid, Vol.11, p.291) Congressman Louis McFadden, chairman of the House Banking Committee, maintained in a speech to his fellow Congressmen:”

“’The Soviet government has been given United States Treasury funds by the Federal Reserve Board and the Federal Reserve Banks acting through the Chase Bank and the Guaranty Trust Company and other banks in New York City.”

“’Open up the books of Amtorg, the trading organization of the Soviet government in New York, and of Gostorg, the general office of the Soviet Trade Organization, and of the State Bank of the Union of Soviet Socialist Republics and you will be staggered to see how much American money has been taken from the United States’ Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia by its correspondent, the Chase Bank of New York’. (Congressional Record, June 15, 1933.)”

“But the Rockefellers apparently were not alone in financing the Communist arm of the Insiders’ conspiracy. According to Professor Sutton ‘… there is a report in the State Department files that names Kuhn, Loeb & Co. (the long established and important financial house in New York) as the financier of the [Russians’] First Five Year Plan. See U. S. State Dept. Decimal File, 811.51/3711 and 861.50 FIVE YEAR PLAN/236.’ (Sutton, op. cit., Vol. II, p. 340n.)”

“Professor Sutton proves conclusively in his three volume history of Soviet technological development that the Soviet Union was almost literally manufactured by the U.S.A…”

“…Sutton shows that there is hardly a segment of the Soviet economy which is not a result of the transference of Western, particularly American, technology.”

“This cannot be wholly the result of accident. For fifty years the Federal Reserve-CFR-Rockefeller-lnsider crowd has advocated and carried out policies aimed at increasing the power of their satellite, the Soviet Union. Meanwhile, America spends $75 billion a year on defense to protect itself from the enemy the Insiders are building up.”

NOTE: The descendants of these bankers are now doing everything they can to build up the story that Donald Trump won the presidency by colluding with Russians. To call this an irony, in view of the above information, would be a vast understatement.

However, the motives of these men are clear: regardless of whether Trump meant to keep his promises to destroy Globalism (aka worldwide Socialism), his mere mention of Globalism as the enemy, during the presidential campaign, and his declared opposition to Globalist “free trade” treaties, was sufficient to warrant an all-out attack on him.

The whole idea of nationalism as preferable to Globalism could act as a contagious germ spreading to the people of other countries—so Trump as the face and symbol of such sentiments had to be defamed and crushed.

Through various front organizations, cutouts, dupes, brainwashed useful idiots, and violent hired thugs, that operation to crush Trump is well underway.


Many, many of Trump’s supporters want to see Globalism buried.

Ultimately, these supporters are the real target of the Globalists.

These millions of targets—human beings who want freedom, a return to Constitutional principles, and an end to both Globalism and American Empire—gave support to presidential candidates before Trump: Ross Perot and Ron Paul.

These “targets” aren’t going away. They understand how the American Republic was betrayed. The above evidence reveals that betrayal was a set-up, designed to prop up and rescue a system (the USSR) that was dead on arrival, a complete failure.

Elite money created Socialist Russia, sustained it, bailed it out, and propagandized it as a movement of the people.

Socialism is a movement of, by, and for the super-rich.

The Matrix Revealed

(To read about Jon’s mega-collection, The Matrix Revealed, click here.)

Jon Rappoport

The author of three explosive collections, THE MATRIX REVEALED, EXIT FROM THE MATRIX, and POWER OUTSIDE THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California. He maintains a consulting practice for private clients, the purpose of which is the expansion of personal creative power. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe. Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world. You can sign up for his free NoMoreFakeNews emails here or his free OutsideTheRealityMachine emails here.

20 comments on “Missing history: US oligarchs finance Socialism

  1. Mike Stryk says:

    A timely piece Indeed. Thank you.

  2. paschnn1 says:

    Even Maxim Gorky supported the Bolshevik “hustle”. Why? because Kuhn/Loeb’s Schiff was wise enough to bankroll sycophants with silk tongues as well as psychotic tendencies.

    Bolshevism was NEVER about giving the proletariat a “bigger pieces of the pie” to the masses as can be seen by the lack of Gentile billionaires skittering out of Russia beginning in the late ’50’s.

    It was/is and always WILL be about fomenting unrest, (either real, [ironically CREATED by the same one fomenting unrest], or imagined), to USE the blood/lives of the masses to STEAL the wealth for a select few.

    Get the picture?

    Once Gorky REALIZED this, he was “removed”. In his case, too little awareness – too late.

    “They would open a prisoner’s belly, take out the small intestine and nailing it to a tree or telegraph pole they drove the man around the tree with blows watching the intestine unwind through the wound”

    Maxim Gorky

    Easy and enjoyable, if you believe in your soul you’re dealing with “cattle”. Well placed euphemisms can be JUST as deadly as a slice to the belly. It hides the true target from the blows of the victims.

  3. Theodore says:

    Trump to socialist punk college kid…

    “Go back home, go back to Mommy’s basement. Get him out. Get him out. Go back home. And your Mother’s voting for Trump!”

  4. brackenkaren says:

    None Dare Call It Conspiracy should be read by EVERY American especially the young uninformed, indoctrinated American student.

  5. Mindy Angel says:

    Where does Bernie Sanders stand in all this ??? Was he aware of this history when he was head of the Socialist Party ?

  6. brusplace says:

    The irony of it all.

  7. truth1 says:

    Henry Ford built a truck factory for the USSR to help them in their war effort. Ford Foundation continues to fund and promote “global interests.” You’ll note that many TV shows of the 60s, 70s and 80s typically featured Ford cars. this because of the Ford Foundations “doing nice things” for TV and for the advancement of Globalism. Most Foundations work for the same goals.

    Yes, when they go after Trump, its just a ruse. Trump is their guy. the opposition is there to make it look like a 2 party battle, but this is just a show. They both take orders from the same bosses. And as Jon pointed out, it is Trump’s followers that those in power aim at. No so much to be persecuted as to be fooled and misled into the wrong direction. and it works like a charm.

  8. truth1 says:

    Webster Tarpley is amazing to read (on the net, not less) on Oligarchies, Venice in particular. Venice moved into Europe when north and south America were discovered, to get a hold on colonial trade and commerce. But they changed their name/names and disappeared into the banking and mercantile activities, while funding and promoting various scholars and ideas. Venice never was defeated and never went away.

    Their empire remains to this day, but in so may different names and ways, like they do with off shore banking, in which you create a long complicate trail of investments and joint ownerships so that no one really know how to tack anything or even where to start. Its like a big scrambling machine. In this way, among others, those in power, money wise as well as in politics, continue to operate without identification. they are invisible. It is even said that they do not exist. Very clever, indeed.

  9. From Quebec says:

    I do not know why Jon, that you always write things like: (regardless of whether Trump meant to keep his promises to destroy Globalism (aka worldwide social)

    To me, It is crystal clear that he meant it. Why else would he have cancelled the Paris Accord and the TPP? Why else is he fighting to build the wall to keep illegals out of the country if it is not for the sovereignty of the USA.?

    All of those things were the cornerstone to install globalism. .Never forget that globalism can not succeed without the USA., They must first crush America, but Trump is now making America wealthy and great again. That is the death of globalism.

    It is so clear to me, why is it not clear to you?

    • bettyhill says:

      Globalization will be the death of the human experience in this present century if we do not get rid of the numbskulls who call themselves ‘our’ politicians. Time will tell as they say, but having the same old mentality people who sell their souls to the devil for pieces of silver (in today’s money millions of US dollars), there is no chance that the US or the world for that matter can ever be a peaceful world. Why and how do we keep voting in these totally vested-interest impostors time and time again is the big question that we should all ask ourselves?

      “The Destroyer of Worlds…the present Globalization ‘model” – https://worldinnovationfoundation.blogspot.co.uk/2014/10/the-destroyer-of-worldscapitalism-and.html

  10. Paul Fassa says:

    So why do you guys, including JR, believe in Trump? You don’t know about his failed deals, his offshore investments, his screwing illegal Polish immigrants in the construction of Trump Tower, how he screwed over those who threw thousands at him for his bogus Trump University, and worst of all, the extremely shady Russian oligarchs (Jewish Mafia?) who bailed him out so he could provide money laundering services through his real estate holdings. He’s no white knight lone ranger type. HE IS AN OLIGARCH HIMSELF! And the creeps he’s putting into key administrative positions benefit corporate greedy interests. This does not mean I’m a democrat or Libtard or Obummer fan! I stopped voting when Ron Paul was not allowed past the primaries.

    • From Quebec says:

      Oh boy!

      You and truth1, or should I say Truth Zero, are so off your rocker that it is funny to see yourself destroying yourselves with your insane comments..

      I believe you are suffering from the Trump Derangement Symptom.

      And by the way, Ron Paul did not have what it takes to be a President. They would have crushed him in one week,

  11. Larry says:

    “NOTE: The descendants of these bankers are now doing everything they can to build up the story that Donald Trump won the presidency by colluding with Russians. To call this an irony, in view of the above information, would be a vast understatement.”

    But….but…Russiagate HAS TO BE REAL!

    After all Russia-Trump Narrative has the imprimatur of Mainstream Media! 😂😂

  12. bettyhill says:

    CONTROL – The Most Powerful Word in the World and What Corporate Leaders and the Political Elite Crave For to the Extent of Being Psychopathic in ‘Their’ Thinking and Actions Against the People – https://worldinnovationfoundation.blogspot.co.uk/2015/01/control-most-powerful-word-in-world-and.html

  13. Curmudgeon says:

    The main problem I have with this article is the Mr. Rappoport conflates socialism and communism. They are not the same to English speakers outside the USA. Check the Oxford or Cambridge English dictionary to see the difference. I grew up in a Canadian city where communists and socialists ran for office and were elected as communists and socialists. The socialists had a visceral hatred for the communists.
    It is important to understand that what constitutes “the commune” in communism. The US Oligarchs are part of the commune, but so are the the many tentacles of the Rothschild empire along with their useful idiots and sycophants – for as long as they are useful. The rest of us are not part of the commune and likely never will be, or as George Carlin quipped, “It’s a big club and you ain’t in it.” Everything is to the benefit of the commune, and because we’re not in it, we derive no benefit. What passes for capitalism today, and communism are opposite sides of the same coin. True socialism, with all of its warts, seeks to control the excesses of capitalism and communism.

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