World War II when the U.S. Communist Party had difficulty getting instructions from Moscowon several vital matters requiring immediate attention. The American Communist hierarchy wastold that any time they had an emergency of this kind they should contact any one of threedesignated persons at the Waldorf Towers. Dr. Dodd noted that whenever the Party obtainedinstructions from any of these three men, Moscow always ratif
ied them.What puzzled Dr. Dodd was the fact that not one of these three contacts was a Russian.Nor were any of them Communists. In fact, all three were extremely wealthy Americancapitalists!Dr. Dodd said, "I would certainly like to find out who is really running things."This reviewer had also observed a number of strange developments which seemed topoint to a conspiratorial control center higher and stronger than either Moscow or Peiping. Forexample, when Harry Dexter White (Under-Secretary of the U.S. Treasury during World War II)
was discovered by the FBI to be a Soviet agent, the White House was immediatelyinformed. But instead of being fired or arrested, Harry Dexter White was appointed as the newExecutive Director of the U.S. Mission to the International Monetary Fund of the United Nations.He was also given a substantial increase in salary. J. Edgar Hoover was amazed. AttorneyGeneral Herbert Brownell, Jr. stated publicly that President Truman knew White was a Sovietspy when he made the appointment.
Why would men in charge of the world's massive financial problems want an exposedSoviet agent such as Harry Dexter White to occupy such a highly important position in the WorldBank? And why in the name of common sense would the President of the United States approveof such a thing? I heard both Congressmen and intelligence officers quizzically exclaiming,"What's going on?"It was not long after this that the former chairman of the Federal Reserve Board beganadvocating economic aid and comfort to Communist China. His speech was all the moreshocking because the American people had just been jolted by a Congressional hearing in whichit had been shown with sworn testimony that the U.S. State Department had either recklesslyallowed or deliberately propelled six hundred million Chinese allies into the grip of theCommunist Chinese leaders. Nevertheless, here was this American capitalist (and formerchairman of the Federal Reserve Board) telling a large meeting (where the reviewer was present)that the United States should immediately undertake extensive trade with Red China. Said he,"We never fight the people we trade with." I thought to myself, "Well, we certainly had to fightJapan in spite of all the oil and scrap iron we sold her just before World War II." It did not seempossible that this famous international banker would have forgotten such an elementary lesson
so quickly.A couple of years later, while visiting Central and South America, I noticed that certainwell-known American banks were extremely powerful in controlling the politics and economicaffairs of many Latin American countries. But what was baffling about it was the fact that the