Foreign News: Stink in the Creditanstalt

Back in 1929 the collapse of Austria's Creditanstalt, controlled by the Rothschilds, did much to spark the worldwide depression. The bank served Hitler during the Anschluss and now, under state operation, controls at least 60% of Austria's economy. Now, as it was under Hitler, the Creditanstalt is run by Joseph Joham, the wealthiest and perhaps the most powerful man in Austria.

Responsible for handling the vast bulk of the $900 million in ECA funds with which the U.S. has kept Austria alive since the war, Joham's Creditanstalt built up a complex labyrinth of foreign holding and trading companies (including some in New...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!