Monday, May 28, 2012

Prescott Bush Talks about Fighting Inflation

Here's a fascinating clip of George H.W. Bush's father Prescott.

At the end of the clip, Prescott talks about fighting price inflation, though please take what he says with a grain of salt since he was a bankster senior partner at Brown Brothers, Harriman.

Prescott,if anything, was a master manipulator, who spent most of his days plotting ways to advance the corporate state. Naomi Wolf reports that:
There was a scheme in the 30's and Prescott Bush was one of the leaders of this scheme, an industrialist who admired fascism and thought that was a good idea - to have a coup in the United States along the lines of the coup they saw taking place in Italy and Germany. Smedley Butler had been involved with violent regime change throughout his career, but he was approached by these conspirators, including Prescott Bush, and he outed them and he testified to Congress that they were planning a coup in the United States - it's in the Congressional record.

The family history is that you can make so much money uniting corporate interests with a fascist state that violently represses people, that's why when I saw the recycling of so much Nazi language, Nazi tactics, Nazi strategies, Nazi imagery in the Bush White House and then finally belatedly people brought to me this history of Prescott Bush's attempted coup and Smedley Butler's revelations - it gives me absolute chill
Also of note, Prescott looks a lot sharper than the son and grandson. He appears charismatic in the clip, far from the stiff his son is, and he appears much brighter than the grandson. Which just goes to show you, once you create the elitist edge, some pretty dull light bulbs can follow, advance, and stay protected inside the cocoon, as long as you have the elitist organization behind you.



  1. Regression to the mean. But it's a slow process; W's 1200 on the SATs indicate an IQ of about 125, which is still in the top 85-90%.

  2. Read: America's Secret Establishment by Antony Sutton. These satanic motherfuckers aim to rule the world.

  3. Sad to say I'm actually old enough to remember Prescott Bush though I don't remember much about him. He was defeated in for re-election in 1958 so this video must be earlier than that. But I think this video demonstrates that there is a better and a worse way to run the Fed even given the deficiencies of that institution. The discussion here is about the Eisenhower administration's policy on interest rates vs. the Truman policy. There is no pretense here that the Fed is "independent" of the White House.

    Ike spent his entire two terms fighting the inflation he had inherited from the Truman administration. The result was that he left office with no inflation at all. But that involved a very stiff recession in 1958 that cost Bush his Senate seat. Nonetheless, the US economy grew at over 3% per year under Ike. You can fight inflation and still have economic growth.

    Senator Paul Douglas, whom Bush refers to, was a liberal Democrat from Illinois. He had a PhD in economics and was regarded as the Senate's expert on those issues but would be regarded as downright right-wing today.

    But Wall Street hadn't caught on to the Keynesian scam so much back then. Academia, of course, simply promotes the elite agenda because academia is part of the elite, but even a Keynesian like Douglas could recognize and acknowledge that low interest rates were inflationary.