Prescott Bush becomes founding member and one of seven directors (including son of E.H. Harriman and fellow bones member W. Averell Harriman) of the Union Banking Corporation, and managing director at a Nazi steel manufacturing plant in Poland called Silesian Consolidated Steel.
Prescott Bush forwarded American financing to his German partner Fritz Thyssen through the Union Banking Corporation in NY. Thyssen arranged contracts with Nazi Germany’s IG Farbin company, for free jewish slave labor in Bush’s steel manufacturing plant at the Auschwitz concentration camp. (Prescott Bush – How Bush’s grandfather helped Hitler’s rise to Power 9:55/12:46 through 10:58) Fritz Thyssen was a German Industrialist and the original backer of Adolf Hitler. Fritz Thyssen and his partner essentially built the Nazi war machine with their funding.
In November of 1934, Prescott Bush and the DuPont, Remington and JP Morgan (jr) families fabricated a plan to assassinate Franklin D. Roosevelt, and put a Hitler-style fascist state in place. In testimony from the McCormack–Dickstein Committee of 1934, one of the fascist plotters described that they would follow Hitler’s model exactly and would impose martial law on the United States, round up un-employed people who were not helping the economy, as well as troublemakers and Jews and put them into internment camps, and if necessary to exterminate anyone who opposed the plan.
This disturbing coup attempt ultimately failed because an insider to the plot, General Smedley D. Butler blew the whistle and exposed the entire plot in an open testimony to congress.
The individuals involved all denied the existence of a plot and the media ridiculed the allegations. A final report by a special House of Representatives Committee confirmed Butler’s testimony, but that did not stop the New York Times editorial from characterizing it as a “gigantic hoax”.