Credit Swiss First Boston and USB – Hitler’s Favorite Banks

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Executive Summary

Swiss Involvement with the Nazis
Who Are the Banks that Were Involved with the Nazis

Swiss Involvement with the Nazis

One of the biggest misunderstandings about WW2 is that some countries and institutions were opposed to Hitler that were actually not. In truth, most institutions collaborated with Hitler if they had the opportunity to do so. The term appeasement is often used, but term enablement would be a more accurate description. The Swiss collaborated with the Third Reich to a very high degree. They pretended to be neutral while acting as the Third Reich’s bank. Many countries banned transactions with German banks during the war, but not the Swiss. Without an international banking outlet, it would not have been possible for the Germans to carry out the war that they did. In this way, the Third Reich should really be expanded to include Switzerland.

Thus the Axis powers would include Italy-Russia-Germany-Japan-Switzerland. Russia was attacked by the Nazis and so was pushed out of the Axis powers and never really made an active decision to switch sides. Italy fell out because they were not militarily successful and felt the changing tide of the war. However, Switzerland was never even considered part of the Axis powers, and furthermore, while Germany was occupied and place under US control after the war, Switzerland simply kept a large amount of assets after the war. Germany could not ask for it back, and the Jews from which it was dispossessed were exterminated. To this day the Swiss institutions continue to obstruct Jewish descendants of holocaust victims from claiming monies that do not belong to the Swiss banks, and these same banks continue to destroy documents that demonstrate linkages to the Nazis. Here are some excerpts from several sources on this topic.

After the war, the Swiss and American governments reached an accord in which Switzerland was to return US$ 58 million to Europe’s central banks. This was about 25% of the country’s estimated windfall. The Swiss government also promised to liquidate about US$ 500 million in German assets in their country, and contribute half to help resettle refugees. They never fulfilled this commitment.
The Volcker Commission, led by former U.S. Federal Reserve Chairman Paul Volcker, was set up by the Swiss banks, in cooperation with the World Jewish Congress and the World Jewish Restitution Organization. They started to examine Swiss accounts opened by foreigners between 1933 and 1945. Hundreds of additional accounts totaling about US$ 8 million were found. Bankers also revealed that there are up to 20,000 dormant accounts opened by Swiss citizens during the war, some of which may have been set up to hold assets of Holocaust victims. The U.S. government issued a report outlining the financial dealings between Swiss bankers and the Nazi regime. – ReligousTolerance.org

The Zurich-based bank entered into a deferred prosecution agreement in settling with the U.S. Justice Department, which said Credit Suisse made more than $1.6 billion in illegal transactions involving Iran, Sudan, Burma, Cuba and Libya from the mid-1990s through 2006, according to a court document filed in Washington Wednesday. – Democracy for Burma

Who Are the Banks?

So who are the banks that continue to keep Nazi gold? Well, two of the largest are USB (who retain on their staff the corrupt deregulator greatly responsible for the Enron scandal, Phil Graham) and Credit Suisse. We have created a new advertisement for them.

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References

Credit Suisse-The financial institution admitted to hiding illegal business it was doing with Cuba, Iran, Sudan, Burma and Libya.

https://www.religioustolerance.org/holo_apol.htm

Credit Suisse funding illegal logging operations:

Samling raised US$ 269 million for this IPO for its re-structured conglomerate. Neither HSBC nor Credit Suisse appear to have noticed that Barama Company Limited, the Samling subsidiary in Guyana, is heavily engaged in illegal and unsustainable logging, in abuse of foreign direct investment incentives, and in illegal trade in tropical forest logs. Following interventions by Global Witness and World Rainforest Movement, HSBC has engaged the Tropical Forest Trust to aid in improvement in CESR performance.