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Reply #55: The Business Plot To Overthrow Roosevelt [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-16-08 11:57 AM
Response to Reply #7
55. The Business Plot To Overthrow Roosevelt

In the summer of 1933, shortly after Roosevelt's "First 100 Days," America's richest businessmen were in a panic. It was clear that Roosevelt intended to conduct a massive redistribution of wealth from the rich to the poor. Roosevelt had to be stopped at all costs.

The answer was a military coup. It was to be secretly financed and organized by leading officers of the Morgan and Du Pont empires. This included some of America's richest and most famous names of the time:
Irenee Du Pont - Right-wing chemical industrialist and founder of the American Liberty League, the organization assigned to execute the plot.
Grayson Murphy - Director of Goodyear, Bethlehem Steel and a group of J.P. Morgan banks.

William Doyle - Former state commander of the American Legion and a central plotter of the coup.

John Davis - Former Democratic presidential candidate and a senior attorney for J.P. Morgan.

Al Smith - Roosevelt's bitter political foe from New York. Smith was a former governor of New York and a codirector of the American Liberty League.

John J. Raskob - A high-ranking Du Pont officer and a former chairman of the Democratic Party. In later decades, Raskob would become a "Knight of Malta," a Roman Catholic Religious Order with a high percentage of CIA spies, including CIA Directors William Casey, William Colby and John McCone.

Robert Clark - One of Wall Street's richest bankers and stockbrokers.

Gerald MacGuire - Bond salesman for Clark, and a former commander of the Connecticut American Legion. MacGuire was the key recruiter to General Butler.

The plotters attempted to recruit General Smedley Butler to lead the coup. They selected him because he was a war hero who was popular with the troops. The plotters felt his good reputation was important to make the troops feel confident that they were doing the right thing by overthrowing a democratically elected president. However, this was a mistake: Butler was popular with the troops because he identified with them. That is, he was a man of the people, not the elite. When the plotters approached General Butler with their proposal to lead the coup, he pretended to go along with the plan at first, secretly deciding to betray it to Congress at the right moment.

What the businessmen proposed was dramatic: they wanted General Butler to deliver an ultimatum to Roosevelt. Roosevelt would pretend to become sick and incapacitated from his polio, and allow a newly created cabinet officer, a "Secretary of General Affairs," to run things in his stead. The secretary, of course, would be carrying out the orders of Wall Street. If Roosevelt refused, then General Butler would force him out with an army of 500,000 war veterans from the American Legion. But MacGuire assured Butler the cover story would work:

"You know the American people will swallow that. We have got the newspapers. We will start a campaign that the President's health is failing. Everyone can tell that by looking at him, and the dumb American people will fall for it in a second…"

The businessmen also promised that money was no object: Clark told Butler that he would spend half his $60 million fortune to save the other half.

And what type of government would replace Roosevelt's New Deal? MacGuire was perfectly candid to Paul French, a reporter friend of General Butler's:

"We need a fascist government in this country… to save the nation from the communists who want to tear it down and wreck all that we have built in America. The only men who have the patriotism to do it are the soldiers, and Smedley Butler is the ideal leader. He could organize a million men overnight."

Indeed, it turns out that MacGuire travelled to Italy to study Mussolini's fascist state, and came away mightily impressed. He wrote glowing reports back to his boss, Robert Clark, suggesting that they implement the same thing.

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  -How Bush's grandfather helped Hitler's rise to power NightWatcher  May-15-08 08:11 AM   #0 
  - Bring it on, he wants to compare Democrats to Nazis...  liberal N proud   May-15-08 08:14 AM   #1 
  - "The Nazi stuff is ok, just don't get into the Bush family occult Thingy. Smirk." - Commander AWOL  SpiralHawk   May-15-08 08:25 AM   #5 
  - Especially don't bring up the fact that his other grandpappy...  Virginia Dare   May-15-08 09:00 AM   #9 
  - Looking at a photo of Mr. Crowley, one can certainly see where Babs gets her  AzDar   May-15-08 09:46 AM   #12 
     - Mr. Crowley?  frog92969   May-15-08 09:43 PM   #24 
        - The Crowley rumor  Baby Snooks   May-16-08 12:51 AM   #39 
           - Makes you wonder...  Baby Snooks   May-16-08 01:28 AM   #41 
           - Bar in a top hat!  WinkyDink   May-16-08 06:59 AM   #50 
           - Thanks  frog92969   May-16-08 02:46 AM   #43 
  - This made me think of Prescott's legend of digging up Geronimo skull for the Society - Sick people!!  1776Forever   May-15-08 09:35 AM   #11 
  - remember the Bush commerical contest?  Mabus   May-15-08 10:11 AM   #13 
  - Look, I'm not obsolving Prescott...  Indydem   May-15-08 08:19 AM   #2 
  - All's fair in love and war  hokies4ever   May-15-08 08:24 AM   #3 
  - Toss the bucket of NAZI shit right back in Commander AWOL's face  SpiralHawk   May-15-08 08:29 AM   #6 
     - Screw the bucket. BOTH BARRELS!!!  Virginia Dare   May-15-08 09:02 AM   #10 
        - Obama should make this part of his response.  Ian_rd   May-15-08 11:41 AM   #16 
  - No, there is no "selective support" if you supported any aspect of the nazi machine  NightWatcher   May-15-08 08:24 AM   #4 
  - Bush's grandfather worked for IG Farben  Hubert Flottz   May-16-08 05:52 AM   #47 
  - Please supply some proof  nichomachus   May-15-08 08:41 AM   #7 
  - We should not be so quick to absolve what is left of American fascism...  AntiFascist   May-16-08 12:05 AM   #37 
  - Thank you for pointing that out. They knew.  emilyg   May-16-08 01:38 AM   #42 
  - The Business Plot To Overthrow Roosevelt  UpInArms   May-16-08 11:57 AM   #55 
  - Please read the whole article, and maybe you'll change your tune.... Look for American-  OmmmSweetOmmm   May-15-08 08:52 AM   #8 
  - Again, not obsolving Prescott or ANYONE...  Indydem   May-15-08 10:12 AM   #14 
     - Do you honestly think that a person that was directly involved with those camps  OmmmSweetOmmm   May-15-08 11:11 AM   #15 
  - You need to look into the Smedley Butler plot to overthrow FDR...  ms liberty   May-15-08 08:33 PM   #19 
  - Well what about his (Prescott's) role in the attempted coup on FDR:  mod mom   May-15-08 08:43 PM   #21 
  - Are you trying to suggest these backers weren't anti-semitic????  defendandprotect   May-15-08 10:08 PM   #27 
  - Fritz Thyssen  Baby Snooks   May-16-08 03:13 AM   #45 
  - WHAT?? Prescott was a KNOWING TRAITOR.  WinkyDink   May-16-08 06:59 AM   #51 
  - a bit of a history lesson for you  UpInArms   May-16-08 08:25 AM   #53 
  - After the war, Prescott Bush and his Pals WELCOMED the NAZIs...  Octafish   May-15-08 12:24 PM   #17 
  - But he (Poppy) dresses up beautifully, doesn't he? (Isn't that against Federal law?)  cyberpj   May-15-08 07:30 PM   #18 
  - Isn't that against Federal law?  ImForGore   May-15-08 09:31 PM   #22 
     - They arrested Abby for it-  stlsaxman   May-16-08 07:44 AM   #52 
  - k&r. . . . n/t  annabanana   May-15-08 08:39 PM   #20 
  - If you check back even Prescott's father Samuel was a war profiteer;  Just-plain-Kathy   May-15-08 09:35 PM   #23 
  - Try this link...  DeSwiss   May-15-08 11:36 PM   #34 
  - An empire no one noticed...  Baby Snooks   May-16-08 01:09 AM   #40 
  - Not a peep from the corporate-media about that . . . nor Iran-Contra or October Surprise!!!  defendandprotect   May-15-08 09:55 PM   #25 
  - Funny that.  frog92969   May-15-08 10:02 PM   #26 
  - Now hold on...  verges   May-15-08 10:27 PM   #28 
  - who's the real appeaser of hitler? NAME IS BUSH  samsingh   May-15-08 10:32 PM   #29 
  - one more point: the Senator he quoted is....  unpossibles   May-15-08 10:59 PM   #30 
  - Anyone sending this off to Keith Olbermann yet? It might come in useful. nt  Hekate   May-15-08 11:18 PM   #31 
  - Truth. When do we want it? NOW !  The Village Idiot   May-15-08 11:25 PM   #32 
  - ## DON'T DONATE TO DEMOCRATIC UNDERGROUND! ##  DU GrovelBot   May-15-08 11:25 PM   #33 
  - I think the ads are just writing themselves now... nt  JoeIsOneOfUs   May-15-08 11:38 PM   #35 
  - this should be spread far and wide k&r n/t  LaStrega   May-15-08 11:50 PM   #36 
  - Never a rumor...  Baby Snooks   May-16-08 12:39 AM   #38 
  - kr  Progs Rock   May-16-08 02:49 AM   #44 
  - He must be frustrated as about unintended consequences...this was it,,,  opihimoimoi   May-16-08 05:48 AM   #46 
  - The apple falls not far from the branch.  DUlover2909   May-16-08 06:47 AM   #48 
  - Not news to anyone who has the least knowledge of Bushco.  WinkyDink   May-16-08 06:55 AM   #49 
  - And wasn't Prescott part of the cabal that tried to overthrow FDR, only to be revealed by someone  BrklynLib at work   May-16-08 08:38 AM   #54 

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