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You are here: Home » News » Jesuit Controlled Organizations » Citibank » How the US Came to Dominate Haiti: Part I – Dark Finance

How the US Came to Dominate Haiti: Part I – Dark Finance

August 30, 2021 8:39 PM By Internationalist 360 Leave a Comment

Originally published by Internationalist 360.


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Last week, 420 U.S. sailors and 200 Marines were deployed to Haiti, ostensibly to help provide humanitarian relief to victims of the Aug. 14, 2021 earthquake that struck Haiti’s southern peninsula. It marks the sixth official U.S. deployment of troops in Haiti since Dec. 17, 1914, when U.S. Marines first landed to unilaterally take, despite Haitian government indignation, $500,000 in gold from the vaults of the National Bank of the Republic of Haiti (BNRH), the nation’s central bank at the time. (One must specify “official” because U.S. troops – often Haitian-Americans – have been covertly deployed in Haiti on several occasions over at least the past three decades.) Subsequent U.S. military interventions would occur on Jul. 28, 1915, Sep. 19, 1994, Feb. 29, 2004, and Jan. 14, 2010.

These U.S. invasions, always justified by a political crisis or natural disaster, are just the muscled manifestation of an “invisible hand:” that of finance capital.

The penetration of U.S. finance capital into Haiti and the Caribbean, displacing European finance capital, is laid out in great detail by Peter James Hudson, an Associate Professor of African American Studies and History at UCLA, in his 2017 book “Bankers and Empire: How Wall Street Colonized the Caribbean” (University of Chicago Press).

Over the next three weeks, we will publish extended extracts (without the footnotes) from “Bankers and Empire” to edify our readers as to how Haiti became so beholden to and dominated by Washington and Wall Street.

– Kim Ives


https://haitiliberte.com/wp-content/uploads/2021/08/James-Stillman-Chairman-National-City-Bank-2-696x886.jpg
Peter James Hudson James Stillman, City Bank’s president from 1891 to 1909, was one of the architects of the bank’s imperial expansion.

Introduction: Dark Finance

When James Stillman, president of the National City Bank of New York, began searching for a space to replace the bank’s cramped and old-fashioned headquarters at 52 Wall Street, he sought a building that could evoke the City Bank’s transformation from an early 19th-century merchant bank into one of the most powerful financial institutions in the United States. Stillman wanted a building that signified the City Bank’s new identity while recalling the old, a building that could project strength, stability, and permanence while embodying his almost metaphysical ambitions for the bank’s expansion and growth. Instead of constructing a new edifice from the ground up, Stillman decided to purchase and renovate the old U.S. Customs House at 55 Wall Street.

There were some reservations concerning the new building. Frank A. Vanderlip, who replaced Stillman as City Bank president three weeks after the opening…, had wanted a large, modern structure. He anticipated that the fast-growing bank would soon face a crisis of office space, and had gone as far as having plans drafted for a multistory tower.
https://haitiliberte.com/wp-content/uploads/2021/08/City-Bank-55-Wall-Street-600x781.jpgIn 1908, the City Bank moved into its new headquarters at 55 Wall Street in Manhattan.

But hidden behind 55 Wall Street’s façade of neoclassicism was another imperial enterprise: an enterprise of banking, finance, and empire whose ambitions and expansions were braided through the U.S. colonial and neocolonial projects of the early 20th century. While the City Bank was undergoing a transition from 19th-century merchant bank to 20th-century commercial and industrial financier, it was also remaking itself as an international financial institution. Where it was once jockeying for business and influence among the brokers, merchants, and commission agents of old New York, the City Bank was now muscling its way to a seat at the table of international finance alongside the imperial banking houses of London, Paris, and Berlin. And where it once served the financial needs of a fast-growing domestic economy, it was increasingly involved with the banking, trade finance, and debt issuance of the Caribbean, Latin America, and Asia.

By the time 55 Wall Street’s renovations were complete, Stillman and Vanderlip were recasting their institution as an imperial bank. The City Bank’s history began to be written overseas, and it increasingly grappled with the conundrums of law and regulation governing international commerce, banking, and finance, as well with the questions of racism and militarism underwriting U.S. imperialism and finance capitalism.

The early history of U.S. imperial banking and the internationalization of Wall Street began alongside the project of U.S. colonial expansion at the turn of the 19th century and ended amid the financial and economic crises of the 1930s. It was fueled by the capital accumulations reaped from the industrial development, corporate consolidation, and economic expansion that followed the grim history of territorial dispossession that marked the settling of the U.S. West. New York City was its engine. New York’s bankers reaped the rewards of this growth as both the financiers of industrialization and as the representatives of a banker’s bank serving regional financial institutions and the federal government. Buoyed by this newfound wealth, New York City’s financial institutions began to look overseas, searching for outlets for their swelling accumulations of unproductive capital. They also sought to consolidate Wall Street’s international position in finance, trade, and commerce. They viewed the organization of an imperial banking system as a critical component in the rise of New York and the westward traverse of the “star of financial supremacy,” as imperial theorist and financial reformer Charles A. Conant referred to it, from Europe to the United States.

The U.S. government encouraged and supported the internationalization of U.S. banking. The War and State departments required fiscal agencies to support the infrastructure of U.S. colonialism, and financial institutions were an important conduit of colonial policy and financial and commercial diplomacy. Bankers, however, needed little prodding to move overseas and the relations between Wall Street and Washington were contested and contentious.

The City Bank was at the center of the history of banking internationalization and imperialism. A federally chartered commercial bank, it emerged as the largest and the most important imperial financier in the United States. Under Stillman and Vanderlip, the City Bank adopted an aggressive, entrepreneurial, and activist strategy for expansion and growth.

The City Bank also made the Caribbean the centerpiece of the largest foreign branch bank system of any U.S. financial institution as it pushed for a share in a market long dominated by Europe and Canada. As part of its efforts of internationalization and in the attempts to create an institution for imperial accumulation, the City Bank hammered away at the banking regulations shackling its activities and pushed for regulatory reform. And in its encounters with the peoples, nations, and colonies of the Caribbean and Latin America, it participated in the creation, replication, and reordering of Caribbean economies on racial lines while helping to reproduce the racist imaginaries and cultures in which finance capital was embedded and through which bankers functioned.

The disordered global financial and economic conditions unleashed by the First World War accelerated the internationalization of Wall Street and intensified the relationship between banking, bankers, and imperialism. More than any other institution, the City Bank under Vanderlip took advantage of the opportunities provided by the war and ran with the new banking legislation of the Federal Reserve Act (1913), the federal legislation that modernized the U.S. financial system and created the legal platform for foreign branch and commercial expansion.
https://haitiliberte.com/wp-content/uploads/2021/08/Frank-Vanderlip-Chairman-of-City-Bank-600x805.jpgFrank A. Vanderlip, who succeded Stillman as City Bank’s president, took advantage of the opportunities provided by the First World War and ran with the new banking legislation of the 1913 Federal Reserve Act.

The era of internationalization ended in the 1930s. Black Friday and the stock market crash of 1929 led to a crisis of finance capitalism. The crisis sparked a wave of both anti-banking and anti-imperialist sentiment in the United States and the Caribbean. It drew attention to the usurious interest rates and suffocating fiscal conditions imposed by bankers on sovereign nations, the strong personal and financial ties between Wall Street and despotic and dictatorial regimes in the Caribbean, the ongoing support for U.S. military occupation by finance capital, and the virtual control of Caribbean industry and agriculture by banking houses.

The Federal Reserve Act also contained a number of provisions crucial to the expansion of U.S. banking and markets abroad. It created an international system of discount that facilitated the financing of international trade by national banking associations, and provided for the establishment of foreign branch banks.

As bankers like James Stillman and Frank A. Vanderlip and lawyers like William Nelson Cromwell and John Sterling slouched in their mahogany-paneled offices and ersatz renaissance parlors — sipping scotch amid overstuffed furniture, marble statues, and velvet curtains suffused by the smoke of Cuban cigars — and outlined the notional visions of imperial finance, on the ground in the Caribbean and Latin America, another set of white men were turning the financial abstractions into monetary reality and performing the dirty labors of international banking and empire. These men, individuals like the City Bank’s Roger L. Farnham, John H. Allen, and Joseph H. Durrell, have dwelt in the shadows of the larger-than-life robber barons and “wizards” of modern finance who have dominated the lore and historiography of U.S. banking. These unheralded and lesser-known figures were curious individuals. With their knowledge of foreign languages and extensive travel experience, they were cosmopolitan in a way most Americans of the time were not — even as they were still shaped by many of the racial and cultural prejudices of their compatriots. Always white, always male, half frontiersman, half accountant, more hardened than the gentlemanly capitalists of the City of London, less knowing than the economic hit-men of popular literature, they were rogue bankers who entered the profession with little formal experience and often with no formal training. Some began as journalists and reporters. Others started as the managers of country banks on the U.S. frontiers. Most eventually drifted to New York City and on to the Caribbean and Latin America and back again, finding employment in the US imperial banks operating throughout the region.

Allen aided the bank’s expansion into Cuba and Argentina and was the manager of the City Bank–controlled Banque Nationale de la République d’Haiti in the 1910s. He is perhaps best known for his 1930 article recounting William Jennings Bryan’s decision making in the lead-up to the landing of U.S. Marines in Haiti in 1915. In the article, Allen recounts a 1912 briefing Bryan on Haiti’s history and politics. After listening carefully to Allen’s comments, Bryan responded, “Dear me, think of it! Niggers speaking French.”

Years earlier, in the City Bank’s foreign trade journal The Americas, Allen evoked a picture of Haiti that would have been recognizable to white U.S. audiences but for its tropical difference. Allen asserted that “cock-fighting and card playing are the [Haitian] national pastimes, and these, together with a supply of Haitian rum, are all that is necessary for a Haitian citizen’s perfect day.” He claimed that during his visits to Haiti he found that “humorous incidents were of almost daily occurrences.” For Allen, such incidents “showed the naivete and also the restricted mentality of the [Haitian] people, which latter was plainly noticeable even among the more highly educated.”


Originally published by Internationalist 360.

Author: Internationalist 360

Internationalist 360 provides a forum for authors to publish posts regarding current events in nations around the world, especially in South American, Middle Eastern and African nations.

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  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadThanks for sharing those dreams Frank. The bullish pattern for SPX that you felt bummed that it was broken sounds like what I'm expecting for the next month or so with a downturn starting in mid Septe…
  • LovetheLord on America’s Plan for A New World System (words inspired by God)It's okay to laugh, I believe. That part lifted my spirits. We need some few seconds relief from the stress!
  • faith on I remember thinking “Why did I do this? Now I’m going to die.”I have a different take on this dream and in my opinion it's about the crypto market. One needs to ask themselves the significance of her being a red head and going upstairs. What would that scene hav…
  • lisa on America’s Plan for A New World System (words inspired by God)God bless you Caroline and thank you for this word. This confirms what my spirit has been showing me. The christians that believe this can be overturned are going to be very surprised. We are in the e…
  • Carla on A Season of Divine DistinctionThis was on point, thanks for sharing. Passing this on !! 🙏
  • PaulAu on I remember thinking “Why did I do this? Now I’m going to die.”MITIGATION PROTOCOL - FYI. Last year, I had a very interesting visit with a doctor who was recommended by the Covid Medical Network, Australia. Her take on vaccines: She said that they all had side ef…
  • Frank on Prophetic chart could be showing macro view of crypto winter aheadJames, at risk of this getting buried among so many replies here, I did want to share a very clear dream I had a few days ago on the SP500. In my dream I was watching the evening news and saw the dail…
  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadI had been thinking it was coming soon but received warnings that it's further out on the timeline. I also received an update that the bottom is closer to 3658, not 3690. My current target date is Sep…
  • Nobody on Prophetic dream reveals coming crash in crypto currency pricesWell, can't say for sure, but need to bring it to your attention that, there is a chance your dream may be about to unfold in a month or 2 in this mid-late summer 2022 ..... your dream did mention an…
  • Katie on Liars, Propagandists and The Great ResetThe evil woman spreading the psudeo psychology to these saps are the real villains
  • N.Newton on Prophetic dream shows Bitcoin stuck in heavy trafficIt could be next summer but I feel something weird going to happen soon. There must be a reason why CCP banned BTC. If this hack occurred, it could be catastrophic. 😎God bless
  • Phil - Sydney on I remember thinking “Why did I do this? Now I’m going to die.”Thanks James I took the jab because I had major expenses and ongoing mortgage payments. Transport NSW would not let me work without the jab. Thanks the Lord that I have been kept well. This policy is…
  • Dana R on I saw US currency bills on the ground all over the place and they were frozen in ice.Hi Audrey, Whenever the Lord gives me visions of snow, ice or hail, He is referring to deception. I wrote about this in my testimony “Snow Job”.
  • RealPatriot2020 on “God is doing something with His Chosen and Elect.”Please understand I am saying this out of love for my fellow brothers and sisters in Christ. I just learned about the true nature of the Talmud a year ago, and after reading some verses I became angry…
  • Peggy on Get in the secret place and find His voice again.Thank you and Amen
  • Michelle gibson on Get in the secret place and find His voice again.Amen
  • Marcio on Bitcoin dreams reveal low flash crash prices and $25,000Mysa, thank you for sharing. November and December could be low for BTC after the current bear flag has completed.
  • Cunny Fred on Prophetic chart could be showing macro view of crypto winter aheadJames, the 3690 that you saw before might just happen, because it is technically possible. SPX might retrace, to make contact with the current "bull flag", possibly down to the 3700 range. James, you…
  • Melinda on I remember thinking “Why did I do this? Now I’m going to die.”I haven’t taken nor do I advocate the vaccines and I was a public health nurse before the Lord convicted me of the evil business. Mark 7:15 states: There is nothing that enters a man from outside whic…
  • Mysa on Bitcoin dreams reveal low flash crash prices and $25,000Let me explain. On Monday 1st of August, at around 11PM in the night, I saw this date 18th November in a dream. It was written in Red. For some reason, just seeing that date in the dream caused me to…
  • David Powell on I saw US currency bills on the ground all over the place and they were frozen in ice.Blessings from Alaska. 2 things avision standing in parking lot $100 bill blowing in the wind nobody cared Heard question how could it be? Obadiah 1 readd lick headlines of news
  • James Bailey on I remember thinking “Why did I do this? Now I’m going to die.”I have not found any scriptures supporting the claim that the covid serum dooms recipients for eternity, although I believe it's pure poison that has already sent many into eternity prematurely. I hav…
  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadWithout dates or prices, it's challenging to put prophetic insights into the correct sequence but over the past couple of weeks, I've received corrections and new insights showing the next drop hits b…
  • Warrior in Christ on What He promised of old He is still promising today.Yes as amen thank you Lord Jesus !
  • Marcio on Bitcoin dreams reveal low flash crash prices and $25,000Significant bearish BTC indicators: This Chart SCARES Me – An HONEST Hot Take By Crypto Crew University https://www.youtube.com/watch?v=wRks4cYSEa0
  • mem on I remember thinking “Why did I do this? Now I’m going to die.”In reviewing some of the dreams that I and my family have had it became clear that sometimes we are shown what we avoided or what would have happened or what would happen to us or others...if we/they…
  • Fionnola Morris on The Bite of the SerpentWith the exception of some people, usually elderly imprisoned in “care homes”, with dementia or immobile, or unconscious in hospital, people with learning difficulties and with the exception of Commun…
  • Fionnola Morris on The Bite of the SerpentDon’t the Minor Prophets (Zechariah) state only a remnant of God’s people, the Jews will remain, especially as they and the rest of us believers (Revelation) will be the anti-Christ’s main target? Yes…
  • Fionnola Morris on I saw US currency bills on the ground all over the place and they were frozen in ice.The only trouble is, you can’t eat gold and silver, or real estate, unless you plant a vegetable garden, Moreover, you will only be able to exchange your gold and silver - if it is in your possession…
  • Fionnola Morris on I saw US currency bills on the ground all over the place and they were frozen in ice.Currency crashes and there is the ‘bail IN’ legislation, enacted in 2016 for the EU countries. Only last week, I believe I heard from God on waking about removing my cash from my account - with some u…
  • Rett on I saw US currency bills on the ground all over the place and they were frozen in ice.I had a dream June I think that I went to the bank and asked for 200 dollars and they would only give me 100
  • Edg on I saw US currency bills on the ground all over the place and they were frozen in ice.I do believe we will see Bank Runs in America , crooked Banksters will Steal , hold , your money and many banks will go Down and Out taking people's money withn them also I do Believe we will see High…
  • John on Prophetic chart could be showing macro view of crypto winter aheadHi James, are you still expecting 3690 in the next several days? Thanks.
  • Frank on I saw US currency bills on the ground all over the place and they were frozen in ice.Here's another interpretation: Jim Rickards, former economist for the Pentagon and respected financial expert, in his book "The Road to Ruin," describes a future scenario he calls "Ice-Nine." He descr…
  • William on I saw US currency bills on the ground all over the place and they were frozen in ice.I’ve shared this dream before, but I saw many different fiat currencies going through a paper shredder, not sure which currencies they were, apart from one, the Euro. I saw the Euro go half way throug…
  • Mysa on Bitcoin dreams reveal low flash crash prices and $25,000November 18...something will happen to bitcoin.
  • Michelle gibson on “A Counteroffensive is on the March.”I agree, the Lord told me a few weeks ago to hold the line. And that is what we do
  • Michelle gibson on God is connecting the dots that have felt spread out and confusingAmen!
  • Michelle gibson on I saw US currency bills on the ground all over the place and they were frozen in ice.I had a short dream where I was with a group of people standing in front of a shipping container and when I opened it it was full of U.S. money all shredded up. And I woke up. I believe since this mon…
  • LynneNZ on I remember thinking “Why did I do this? Now I’m going to die.”I prayed so hard over these vaccines as Christians all around me were taking them. The verse God gave me was Matt 7 v 21, Not everyone who says to me Lord, Lord, will enter the Kingdom of Heaven, but…
  • Marcio on Bitcoin dreams reveal low flash crash prices and $25,000I also want to thank you, SW, for continuing to post your crypto dreams here. We appreciate you. God bless.
  • LovetheLord on I remember thinking “Why did I do this? Now I’m going to die.”This is a hard topic, full of unknowns. I read a prophecy here or elsewhere years ago that, if I recall correctly, those who made the vaccines separated them into 3 groups: those that caused blood clo…
  • Glenn Clark on Bitcoin dreams reveal low flash crash prices and $25,000Thanks SW, I always appreciate your posts. I'm wondering how this relates or is connected to your dreams of $4 & $10. I've heard so many prophecies on the BTC flash crash to zero so I wonder if th…
  • Josh on God is connecting the dots that have felt spread out and confusingAmen, I know this is true. God has been preparing us for our whole lives. I can sense that things are coming into focus but is not quite there yet. I know clarity is ours.
  • deborah2221 on Some don’t realize how demonic jealousy and envy is.Envy compels the heart to try relentlessly to tear someone else down. If envy is in the heart towards someone, it prevents love towards that person. God can not act in the heart in where envy is. It i…
  • deborah2221 on We Are About To Experience An Absolutely Epic Housing Crash The Likes Of Which America Has Never Seen BeforeFor Sale housing is being bought up by huge investment banks. They will hold it and keep prices rising. The commenter who said buy a rural home and land is on target. Do what you can to get out of cit…
  • Edg on How Corrupt is Ukrainian President Volodymyr Zelensky?Yes a lot of Crooks all over the world , here in USA will FALL DOWN and face the Law for their Crimes here in America we GOT THIEVES , CROOKS RUNNING Things in the WH , congress, senate, and the chine…
  • Peggy on Elitists’ Goal: Wipe Out Good FoodThank you for putting out the facts I Was just telling a friend of mine What soy protein isolate is After he told me it was one of the listed ingredients in his Veggie hot dogs Soy protein isolate is…
  • Phil - Sydney on Current Events – Fulfilling Prophetic Words Part 1Thanks Caroline- very relevant
  • Miriam Banting on Current Events – Fulfilling Prophetic Words Part 1Hi Caroline, you're right about Jeff Byerly he mentions the Ronald Reagan and the Abraham Lincoln being damaged/blown up. Secondly I agree with your/God's viewpoint on Russia Ukrainian war. The Russia…

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