Archive for the 'Bernard Baruch' Category

Lies, Lies, More Lies, and Damn Lies

The following pages provide a remarkable account of the 54 year-old Winston Churchill’s 54 day visit to the USA in 1929. Prior to his arrival in the United States, Churchill spent several weeks in Canada.
While in Canada the markets continued to rise. The peak of the Dow Jones Industrial index coincided with Churchill’s arrival in Seattle,Washington. During his entire stay the market sank further and further, crashing on October 29, 1929.
The following day he returned home to London.

Continue reading ‘Lies, Lies, More Lies, and Damn Lies’

Chapter 3

Getting to Know You

A Quick Review of the Times and a Few of the Players

In 1921 per capita income in the USA was only $522, by 1928 it had grown to $628.
With as little as $100 an individual could purchase $1000 worth of stock on margin! For the relatively small number of people in the general population who understood the mechanics of this chicanery they were rewarded handsomely…up until September 1929.

Federal Reserve Chief Benjamin Strong

Chapter 2

There is a power somewhere so organized, so subtle, so interlocked, so complete, so pervasive that they better not speak above their breath when they speak in condemnation of it.” Woodrow Wilson, President 1913-1921

After dinner we (Wilson and House) went to the presidents [sic] study as usual and began to work on the Federal Reserve Board appointments. I insisted that it was the most important constructive legislative measure that had been passed since the founding of the Republic and thought its success or failure would largely depend upon the personnel of the Board. He replied, “My dear friend, do not frighten me any more than I am now.” Intimate Papers of Colonel House



America Loses
Financial Freedom

What type of leadership skills were present at the White House during 1913? How was it that American citizens got hood-winked, by a system that contained so many checks and balances? Our founding fathers wisely designed our laws and government to avoid manipulation by the few. They never envisioned the cabals that were later formed to steal America’s financial sovereignty. Whose interest were actually being represented when the Federal Reserve was created and the national income tax was implemented the very same year? This question really begs to be asked.

The answer lies in what happens when an American president gets blackmailed and the end result is the American people get raped.

Thomas Woodrow Wilson, 28th President of the United States

Thomas Woodrow Wilson, 28th President of the United States

You probably already know a little bit of history surrounding Woodrow Wilson, our 29th president. It is also important that you learn more about the men who surrounded him during his presidency, for that group played the major role in shaping the world in which we live; even a larger role than the man who was elected president.

You may wonder how men who were on the world stage in the early 1900’s could possibly have an impact on your life today. Our story starts at the turn of this century. By 1900 our great country had been around for nearly 120 years. It did not have a federal income tax or a central bank to control the flow of all money in our country. Compared to our present financial disaster, you might think that someone with the Midas touch was managing our fiscal and monetary policies. Continue reading ‘Chapter 2’

The Greatest Story Never Told

Winston Churchill and the Crash of 1929

On Saturday, August 3, 1929, Winston Churchill, accompanied by his younger brother, Major “Jack” John Churchill (age 49), Winston’s son, Randolph Churchill (age 18), and Jack’s son, Johnny (age 20), departed England for their trip to Canada and the United States aboard the ocean liner, Empress of Austrialia.


Why they went and what they did there is the subject of Pat Riott’s, The Greatest Story Never Told: Winston Churchill and the Crash of 1929.

On the back cover he writes:

In 1929, a financial disaster of unprecedented proportions swept through the United States with lightening speed. The American people began a slow decent into an 11-year financial hell that became known as The Great Depression. Learn:

  • Why Winston Churchill being at the New York Stock Exchange on Black Thursday, October 24, 1929, was not “quite by chance,” as he later wrote.
  • Why Wall Street “plunger” Bernard Baruch was Churchill’s “favorite American.”
  • Why on October 29, 1929, the same evening of the crash, Churchill was guest of honor at a bizarre “celebration” attended to by over 40 “bankers and master plungers” of Wall Street at the Fifth Avenue mansion of Bernard Baruch.
  • Where the shiploads of gold (the real money) went in the weeks and months after the crash.
  • Who Churchill met with in Washington, D.C., San Francisco, Los Angeles, Chicago and New York immediately before and after the crash.
  • Why the Prime Minister of Great Britain was also in New York two weeks before the Crash, and where he went next. (No, it was not back to Great Britain!)
  • Who supplied the seed money for publisher Simon and Shuster?
  • How the New York Times “Sunday Editorial” described Churchill’s visit and “the man who knew everything” that headed one of the world’s leading newspapers.
  • Who was really manipulating the levers of U.S. financial policy during Herbert Hoover’s four years in office? What Hoover knew about the people working in his administration and who they really worked with and for.
  • About Cecil Rhodes (Winston Churchill’s friend) diabolical will and the plans it contained….Read it for yourself. What was the plot that began to take shape in the Wilson administration?
  • The curious connection between Cecil Rhodes, Winston Churchill, Bill Clinton, presidential hopeful H. Ross Perot, SONY founder Akio Morita, and the new U.S. Ambassador to France, Pamela Churchill Harrimann.

While containing a bibliography, the book has no endnotes citing primary sources. The reader is simply expected to believe everything Pat Riott says. As we enter a recession which some predict will parallel the Great Depression, an examination of Pat Riott’s contentions with reference to the historical evidence in an attempt to see whether his understanding of the Wall Street Crash of 1929 can give us understanding of the current financial meltdown is surely timely.

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