A Tribute to ROBERT LEY

Robert Ley - Roosevelt Betrays America.
weapons, and munitions for a song, and then sold them at a fat profit to other customers.Profiteering without end.60 Families Rule AmericaF. Lundberg’s book appeared in 1937, and is seen by American politicians as a reliable source. He
begins with the blunt assertion: “The United States of America is owned and controlled by a hierarchy that at its core consists of the 60 richest families of the country, to which at most 90 families of somewhat lesser wealth may be included. These families are the center of the modern industrial oligarchy that controls the United States. They function discretely under a de jure democratic form of government, behind which a de facto government of abolutistic and plutocratic
nature has existed since the Civil War.” This hollowing out of democracy was possible only because enormous fortunes developed in the United States that have no parallel in the rest of the world.The extent of the wealth controlled by the “golden ring,” the sixty richest families in America, is astonishing. Rockefeller’s personal income in 1924 was $30-50 million, though his taxable income
was only $18 million. His total fortune certainly exceeds a billion dollars, and those of the Melons and the Ponts is surely no less. Such a concentration of wealth by itself is extraordinarily powerful,a state within a state, but the power of money and the dollar dynasties extends yet further. The real nature of the power of the “golden ring” is less in personal wealth as in the control that they are thereby able to exert over others. The foundation here is the expansion of so-called stock capital. In
1880 16% of the total capital of the United States was in such “liquid assets,” a figure that had reached 40% by 1930.
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