Frankfurt Exchange Quotes

I watched the shadow of our plane hastening below us across hedges and fences, rows of poplars and canals … Nowhere, however, was a single human being to be seen. No matter whether one is flying over Newfoundland or the sea of lights that stretches from Boston to Philadelphia after nightfall, over the Arabian deserts which gleam like mother-of-pearl, over the Ruhr or the city of Frankfurt, it is as though there were no people, only the things they have made and in which they are hiding. One sees the places where they live and the roads that link them, one sees the smoke rising from their houses and factories, one sees the vehicles in which they sit, but one sees not the people themselves. And yet they are present everywhere upon the face of the earth, extending their dominion by the hour, moving around the honeycombs of towering buildings and tied into networks of a complexity that goes far beyond the power of any one individual to imagine, from the thousands of hoists and winches that once worked the South African diamond mines to the floors of today's stock and commodity exchanges, through which the global tides of information flow without cease. If we view ourselves from a great height, it is frightening to realize how little we know about our species, our purpose and our end, I thought, as we crossed the coastline and flew out over the jelly-green sea.

At Spichernstrasse the train halted to conduct an exchange of bodies. Out on the platform a street musician played a teary Slavic melody on an accordion. Wing tips gleaming, my hair still damp, I was flipping through the Frankfurter Allgemeine when she rolled her unthinkable bicycle in.

Roosevelt had returned from Hyde Park troubled that Felix Frankfurter and Bohr had somehow breached Manhattan Project security, Bush and perhaps Conant had talked to Bohr and the two administrators had submitted to Stimson at his request a more detailed proposal incorporating Bohr’s ideas. In doing so they had explicitly recommended that the United States sacrifice some portion of its national sovereignty in exchange for effective international control, understanding as they did so that they would have to answer vigorous opposition:

Year after year, they are joined by a new age group from Germany’s youth, totally educated in accordance with National Socialist principles, forged together by the ideas of our Volksgemeinschaft, and willing to move against anyone who should dare to sin against our fight for freedom. And just as in the time of the party’s struggle for power, our female party comrades, our German women and girls, were the most reliable supports of the movement, so now again the multitude of our women and girls form the strongest element in the struggle for the preservation of our Volk. After all, thank God, not only the Jews in London and New York but also those in Moscow made clear what fate might be in store for the German Volk. We are determined to be no less clear in our answer. This fight will not end with the planned annihilation of the Aryan but with the extermination of the Jew in Europe. Beyond this, thanks to this fight, our movement’s world of thought will become the common heritage of all people, even of our enemies. State after state will be forced, in the course of its fight against us, to apply National Socialist theories in waging this war that was provoked by them. And in so doing, it will become aware of the curse that the criminal work of Jewry has laid over all people, especially through this war. As our enemies thought in 1923 that the National Socialist Party was defeated for good and that I was finished with in the eyes of the German Volk because of my trial, so they actually helped National Socialist ideology to spread like wildfire through the entire German Volk and convey the essence of Jewry to so many million men, as we ourselves would never have been able to do under normal circumstances. In the same manner international Jewry, which instigated this new war, will find out that nation after nation engrosses itself more and more in this question to become finally aware of the great danger presented by this international problem. Above all, this war proves the irrefutable identity of plutocracy and Bolshevism, and the common ambition of all Jews to exploit nations and make them the slaves of their international guild of criminals. The same alliance we once faced as our common enemies in Germany, an alliance between the stock exchange in Frankfurt and the “Red Flag” in Berlin, now again exists between the Jewish banking houses in New York, the Jewishplutocratic class of leaders in London, and the Jews in the Kremlin in Moscow. Just as the German Volk successfully fought the Jewish enemy at home as a consequence of this realization and is now about to finish it off for good, the other nations will increasingly find themselves again in the course of this war. Together, they will make a stand against that race that is seeking to destroy all of them. Proclamation for the 23th anniversary of the N.S.D.A.P. (read by Hermann Esser) Fuhrer Headquarters, February 24, 1943

A handsome, cosmopolitan forty-three-year-old, Gebhardt had been a decorated World War I flying ace, serving in the squadron of Manfred von Richthofen, the legendary “Red Baron.” Following the war, he had earned his doctorate degree in political economy from Frankfurt University with a dissertation on “The International Trade in Machinery.” After a brief teaching stint, he had gone into business, earning a fortune in the automobile and locomotive industries before establishing a highly successful import-export firm that specialized in “exchanging German raw material for American commodities.” Charming, cultured, fluent in several languages, he also harbored political ambitions and had hopes of being named German ambassador to the United States—a fair expectation, given his close friendship with high Nazi officials, particularly Hermann Göring, a fellow Richthofen pilot during the Great War.9

We were supposed to keep tabs on the institutions as a whole, but by law we had to defer to the primary supervisor, in those cases the OCC for their commercial banks and the Securities and Exchange Commission for their investment banks. The Fed also shared responsibility for the U.S. affiliates of foreign banks with state regulators, as well as home-country supervisors in London, Zurich, Frankfurt, and around the world. These divisions of labor evoked the parable of the blind men and the elephant, with nobody accountable for seeing the full picture of a corporation, much less the interconnections of the entire system. This glut of watchdogs with overlapping

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