Wall Street and the Bolshevik Revolution by Antony C. Sutton

Antony C. Sutton (1925–2002) was born in London and educated at the universities of London, Gottingen and California. He was a Research Fellow at the Hoover Institution for War, Revolution, and Peace at Stanford, California, from 1968 to 1973, and later an Economics Professor at California State University, Los Angeles. He is the author of 25 books.

This books is a true story of how American Wall St. capitalists financed the Soviet Bolshevik Revolution in early 1900’s and made Soviet Union.

"We find there was a link between some New York international bankers and many revolutionaries, including Bolsheviks. These banking gentlemen - who are here identified - had a financial stake in, and were rooting for, the success of the Bolshevik Revolution."

Collectivism is evil

The author talks of origin of collectivism.

"monopoly control of industries was once the objective of J. P. Morgan and J. D. Rockefeller, by the late nineteenth century the inner sanctums of Wall Street understood that the most efficient way to gain an unchallenged monopoly was to ‘go political’ and make society go to work for the monopolists — under the name of the public good and the public interest."

"Therefore, an alternative conceptual packaging of political ideas and politico-economic systems would be that of ranking the degree of individual freedom versus the degree of centralized political control. Under such an ordering the corporate welfare state and socialism are at the same end of the spectrum."

"There has been a continuing, albeit concealed, alliance between benefit. This alliance has gone unobserved largely because historians — with a few notable international political capitalists and international revolutionary socialists — to their mutual exceptions — have an unconscious Marxian bias and are thus locked into the impossibility of any such alliance existing."

Welfare State, socialism, communism, public services, collectivism (ਲੋਕ ਭਲਾਈ) are all fake ideologies invented by rich corporates and poor revolutionaries to steal from the public. The purpose is monopoly for the rich corporations and oligarchs.

Soviet Bolsheviks were unknown and poor

"Soviet Bolsheviks were unknown and poor. They had no resources and could not do anything."

"It was not until the Bolsheviks had received from us a steady flow of funds through various channels and under varying labels that they were in a position to be able to build up their main organ Pravda, to conduct energetic propaganda and appreciably to extend the originally narrow base of their party." [Von Kühlmann, German minister of foreign affairs, to the Kaiser, December 3, 1917]

"The Wall Street project in Russia in 1917 used the Red Cross Mission as its operational vehicle... The majority of the mission, as seen from the table, was made up of lawyers, financiers, and their assistants, from the New York financial district." There were also military Colonels in this 'Red Cross Mission' to Russia in 1917.

"Without the financial and, more important, the diplomatic and propaganda assistance given to Trotsky and Lenin by Thompson, Robins, and their New York associates, the Bolsheviks may well have withered away and Russia evolved into a socialist but constitutional society."

Unholy alliance of American capitalists and Soviet Bolsheviks

"Before World War I, the financial and business structure of the United States was dominated by two conglomerates: Standard Oil, or the Rockefeller enterprise, and the Morgan complex of industries — finance and transportation companies. Rockefeller and Morgan trust alliances dominated not only Wall Street but, through interlocking directorships, almost the entire economic fabric of the United States."

"What motive explains this coalition of capitalists and Bolsheviks? Russia was then — and is today — the largest untapped market in the world. Moreover, Russia, then and now, constituted the greatest potential competitive threat to American industrial and financial supremacy?"


"The gigantic Russian market was to be converted into a captive market and a technical colony to be exploited by a few high-powered American financiers and the corporations under their control."

Germans involved as well

"While this tsarist loan operation was being floated in New York, Nya Banken and Olof Aschberg were funneling funds from the German government to Russian revolutionaries, who would eventually bring down the "Kerensky committee" and establish the Bolshevik regime."

"German government funded Lenin, but "Although Chancellor Bethmann-Hollweg was the final authority for Lenin's transfer, and although Lenin was probably aware of the German origins of the assistance, Lenin cannot be termed a German agent.

The German Foreign Ministry assessed Lenin's probable actions in Russia as being consistent with their own objectives in the dissolution of the existing power structure in Russia. Yet both parties also had hidden objectives: Germany wanted priority access to the postwar markets in Russia, and Lenin intended to establish a Marxist dictatorship."

Sisson documents

"In early 1918 Edgar Sisson, the Petrograd representative of the U.S. Committee on Public Information, bought a batch of Russian documents purporting to prove that Trotsky, Lenin, and the other Bolshevik revolutionaries were not only in the pay of, but also agents of, the German government."

India connection

"One of the demands of Lenin in 1916 was to allow 'Russian troops to move into India'."

American passport for Trotsky [Soviet revolutionary]

"President Woodrow Wilson was the fairy godmother who provided Trotsky with a passport to return to Russia to "carry forward" the revolution. This American passport was accompanied by a Russian entry permit and a British transit visa."

"Consequently, by virtue of preferential treatment for Trotsky, when the S.S. Kristianiafjord left New York on March 26, 1917, Trotsky was aboard and holding a U.S. passport — and in company with other Trotskyire revolutionaries, Wall Street financiers, American Communists, and other interesting persons, few of whom had embarked for legitimate business."

Role of William Boyce Thompson

William Boyce Thompson was connected to American Guggenheim family, Chase bank, and was a promoter of mining stocks. He was also "first full-term director of the Federal Reserve Bank of New York".

"it was German commercial and industrial exploitation of Russia that Thompson feared."

"Thompson was an American imperialist fighting against German imperialism, and this struggle was shrewdly recognized and exploited by Lenin and Trotsky."

Summary

Soviet revolution was sponsored by American Wall St. capitalists like JP Morgan, Rockefeller, and Guggenheims.
William Boyce Thompson (head of Federal Reserve Bank of New York) worked on this project.
Soviet Bolshviks were unknown until they got the money from Wall St. bankers to run the revolution.
American capitalists were driven by profit from exploiting Russian natural resources. They also did not want Russia to develop and be a challenge to America.
There was also a threat of German industrialists joining with Russians to exploit Russian natural resources and becoming economically stronger.

"these financiers were also deeply involved in supporting the new Soviet regime in Russia — although this support was behind the scenes, recorded only in government files, and not to be made public for 50 years."



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