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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (20250)	10/19/2004 9:34:25 AM
From: Elroy Jetson	Respond to of 110194

Don't forget the US conglomerate headquartered in New York, ITT, which continued to direct the operations of their German subsidiary by cable -- even during the Second World War, until the international cable to Germany was cut. ITT was able to profit handsomely from the German inflation. ITT even obtained compensation from the Reich Chancellery for Nazi bombing damage inflicted on their Polish and Belgian operations. After the war, ITT also obtained $27 million in compensation from the US government for the damage Allied bombing inflicted on ITT's Focke-Wulf aircraft factory in Germany. Virulent inflation, and even war, need not be a barrier to profit if you have the proper connections.

To: russwinter who wrote (20250)	10/19/2004 9:54:16 AM
From: glenn_a	Respond to of 110194

You raise an excellent point that Industrial cartels tend to "do well" in Big Inflations. However, paradoxically, they also "do well" in Big Deflations. (Again, that whole extreme levering thing) It is this extraordinary "engineering" of K-wave credit busts - inflationary or deflationary, capitalist or socialist or fascist or communist (thought really there's a fascist element to them all), that was the core thesis of Anthony Sutton in his three books: "Wall Street and the Bolshevik Revolution", "Wall Street and FDR", and "Wall Street and the Rise of Hitler". The Bolsheviks, the Nazis, and FDR's New Deal crowd were all heavily financed by Wall Street interests (the role of entities located at 120 Broadway in New York were incredibly frequent - where there existed a concentration of Morgan/Rockefellar interests) in the pursuit of monopoly capitalism via big Industrial cartels. More on this later too. Crazy eh? Do we live in a Matrix world or what? Regards, Glenn