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FDR's grandfather was an opium kingpin


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#1 stocks

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Posted 26 May 2017 - 12:45 PM

FDR's family fortune came from selling opium to the Chinese.  

 

Journalist Westbrook Pegler once wrote that FDR’s “buccaneer” grandfather’s opium fortune had allowed Roosevelt and his family to enjoy “to the utmost … luxury and riches derived from the degradation and wretchedness of the Chinese people.”  

 

FDR’s grandfather Warren Delano first sailed for China at age 24 and, after a decade dealing drugs on the Pearl River, returned with a fortune that made him a highly eligible bachelor among New York’s elite. In letters home, Delano admitted that opium had an “unhappy effect” on the cadaverous, zombielike addicts he encountered, but said of its sale that “as a merchant I insist it has been … fair, honorable and legitimate,” likening it to the importation of wine and spirits to America.   

 

As Chinese authorities continued to clamp down on the trade, sparking the first of two Opium Wars between 1839–1842, Delano settled along New York’s Hudson River, where he invested his earnings in real estate and railroads and started a family.  

 

http://www.ozy.com/f...dynasties/40555


-- -
Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#2 diogenes227

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Posted 26 May 2017 - 01:09 PM

THE GODFATHER

 

 

Michael: My father's no different than any other powerful man – any man who's responsible for other people, like a senator or a president.
Kay: [laughs] You know how naïve you sound?
Michael: Why?
Kay: Senators and presidents don't have men killed.
Michael: Oh, who's being naïve, Kay? Kay, my father's way of doing things is over, it's finished. Even he knows that. I mean, in five years, the Corleone Family is going to be completely legitimate. Trust me. That's all I can tell you about my business.

 

Greatest American movie ever made.

 

swoon.gif


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#3 stocks

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Posted 26 May 2017 - 07:46 PM

Many other affluent New England families made their fortunes from dealing opium as well. “The Cabot family of Boston endowed Harvard with opium money,” says Bradley, “while Yale’s famous Skull and Bones society was funded by the biggest American opium dealers of them all — the Russell family.” And add to that list John and Robert Forbes — of the Boston Forbeses, whose line includes current U.S. Secretary of State John Forbes Kerry.


-- -
Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#4 diogenes227

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Posted 29 May 2017 - 09:20 AM

Many other affluent New England families made their fortunes from dealing opium as well. “The Cabot family of Boston endowed Harvard with opium money,” says Bradley, “while Yale’s famous Skull and Bones society was funded by the biggest American opium dealers of them all — the Russell family.” And add to that list John and Robert Forbes — of the Boston Forbeses, whose line includes current U.S. Secretary of State John Forbes Kerry.

 

You are such a joker!  John Forbes Kerry is not the current U.S. Secretary of State.  That department is now owned by Exxon-Mobil.


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#5 stocks

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Posted 08 June 2017 - 04:23 PM

 “Yale’s famous Skull and Bones society was funded by the biggest American opium dealers of them all — the Russell family.” 

 

Skull and Bones is an undergraduate senior secret society at Yale UniversityNew Haven, Connecticut. It is the oldest senior class landed society. The society's alumni organization, the Russell Trust Association, owns the society's real estate and oversees the organization.  

 

Among prominent alumni are former President and Supreme Court Justice William Howard Taft (a founder's son); former Presidents and father and son George H. W. Bush and George W. Bush; Supreme Court Justices Morrison R. Waite and Potter Stewart;[18] James Jesus Angleton, "mother of the Central Intelligence Agency"; Henry StimsonU.S. Secretary of War (1940-1945); U.S. Secretary of Defense (1951-1953) Robert A. LovettWilliam B. WashburnGovernor of Massachusetts; and Henry Luce, founder and publisher of TimeLifeFortune, and Sports Illustrated magazines.[citation needed]

 

John Kerry, former U.S. Secretary of State and former U.S. Senator; Stephen A. Schwarzman, founder of Blackstone GroupAustan Goolsbee,[19] Chairman of Barack Obama's Council of Economic AdvisersHarold Stanley, co-founder of Morgan Stanley; and Frederick W. Smith, founder of FedEx, are all reported to be members.


-- -
Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#6 diogenes227

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Posted 08 June 2017 - 06:06 PM

 

 “Yale’s famous Skull and Bones society was funded by the biggest American opium dealers of them all — the Russell family.” 

 

Skull and Bones is an undergraduate senior secret society at Yale UniversityNew Haven, Connecticut. It is the oldest senior class landed society. The society's alumni organization, the Russell Trust Association, owns the society's real estate and oversees the organization.  

 

Among prominent alumni are former President and Supreme Court Justice William Howard Taft (a founder's son); former Presidents and father and son George H. W. Bush and George W. Bush; Supreme Court Justices Morrison R. Waite and Potter Stewart;[18] James Jesus Angleton, "mother of the Central Intelligence Agency"; Henry StimsonU.S. Secretary of War (1940-1945); U.S. Secretary of Defense (1951-1953) Robert A. LovettWilliam B. WashburnGovernor of Massachusetts; and Henry Luce, founder and publisher of TimeLifeFortune, and Sports Illustrated magazines.[citation needed]

 

John Kerry, former U.S. Secretary of State and former U.S. Senator; Stephen A. Schwarzman, founder of Blackstone GroupAustan Goolsbee,[19] Chairman of Barack Obama's Council of Economic AdvisersHarold Stanley, co-founder of Morgan Stanley; and Frederick W. Smith, founder of FedEx, are all reported to be members.

 

 

What do you propose for this American oligarch incubator?

 

Should we hunt down the alumni and hang them all, or should we go on giving them philanthropy from taxpayers and largess from the Federal Reserve window?


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#7 stocks

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Posted 16 July 2017 - 08:53 PM

1921-1928 FDR was a Wall Street banker and speculator. 

 

This was no surprise given the long historical association—since the late 18th century—of the Roosevelt and Delano families with New York finance. 

 

FDR was, at one time or another during the 1920s:

 

a vice president of the Fidelity & Deposit Company (120 Broadway);

the president of an industry trade association, the American Construction Council (28 West 44th Street); 

a partner in Marvin, Hooker & Roosevelt (52 Wall Street);

a partner in Roosevelt & O'Connor (120 Broadway);

the president of United European Investors, Ltd. (7 Pine Street);

a director of International Germanic Trust, Inc. (in the Standard Oil Building at 26 Broadway);

a director of Consolidated Automatic Merchandising Corporation, a paper organization;

a trustee of Georgia Warm Springs Foundation (120 Broadway);

a director of American Investigation Corporation (37-39 Pine Street);

a director of Sanitary Postage Service Corporation (285 Madison Avenue);

the chairman of the General Trust Company (15 Broad Street);

a director of Photomaton (551 Fifth Avenue);

a director of Mantacal Oil Corporation (Rock Springs, Wyoming);

and an incorporator of the Federal International Investment Trust.

 

That's a pretty fair list of directorships. It surely earns FDR the title of Wall Streeter par excellence. Most who work on "the Street" never achieve, and probably never even dream about achieving, a record of 11 corporate directorships, two law partnerships, and the presidency of a major trade association. 

 

 

 http://www.reformati...st-fdr-ch1.html

 


-- -
Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
 

#8 diogenes227

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Posted 17 July 2017 - 09:49 AM

1921-1928 FDR was a Wall Street banker and speculator. 

 

This was no surprise given the long historical association—since the late 18th century—of the Roosevelt and Delano families with New York finance. 

 

FDR was, at one time or another during the 1920s:

 

a vice president of the Fidelity & Deposit Company (120 Broadway);

the president of an industry trade association, the American Construction Council (28 West 44th Street); 

a partner in Marvin, Hooker & Roosevelt (52 Wall Street);

a partner in Roosevelt & O'Connor (120 Broadway);

the president of United European Investors, Ltd. (7 Pine Street);

a director of International Germanic Trust, Inc. (in the Standard Oil Building at 26 Broadway);

a director of Consolidated Automatic Merchandising Corporation, a paper organization;

a trustee of Georgia Warm Springs Foundation (120 Broadway);

a director of American Investigation Corporation (37-39 Pine Street);

a director of Sanitary Postage Service Corporation (285 Madison Avenue);

the chairman of the General Trust Company (15 Broad Street);

a director of Photomaton (551 Fifth Avenue);

a director of Mantacal Oil Corporation (Rock Springs, Wyoming);

and an incorporator of the Federal International Investment Trust.

 

That's a pretty fair list of directorships. It surely earns FDR the title of Wall Streeter par excellence. Most who work on "the Street" never achieve, and probably never even dream about achieving, a record of 11 corporate directorships, two law partnerships, and the presidency of a major trade association. 

 

 

 http://www.reformati...st-fdr-ch1.html

 

 

Yes, you are right.  That is an impressive list of deep and wide capitalist accomplishment for a President who, after years of Republican Party degradation (Harding, Coolidge, Hoover), as it turned out TRULY DID make America great again.

 

You're not knocking him for this resume, right?


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#9 stocks

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Posted 22 August 2018 - 11:25 AM

FDR was a warmonger. 

 

It was Naval Commander in Chief Richardson's belief – and indeed generally supported by the Navy – that the Fleet should never be berthed inside Pearl Harbor where it would be a mark for attack. This was particularly true in such troubled times when the airways of the East were hot with rumors of approaching conflict. What is more, Richardson held the belief that Pearl Harbor was the logical first point of attack for the Japanese High Command, wedded as it was to the theory of undeclared and surprise warfare. For ten years the U.S. Navy held "attacks" on the Army defenses at Pearl Harbor, and were always successful. Defending the base was rather hopeless, in his mind.[1] 

 

FDR fired Richardon and kept the fleet in Hawaii. 

 

 

 

 

https://en.wikipedia...r_and_aftermath


-- -
Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.