Norman Dodd On Tax Exempt Foundations

G. Edward Griffin interviewed Norman Dodd in 1982, recording what Dodd learned, while producing Dodd Report on Tax Exempt Foundations in the early fifties.  Viewer is granted a unique peek behind curtain of hidden history.  Dodd was clearly part of eastern establishment, attending Andover, MA prep schools and Yale generations before George H.W. Bush.   Perhaps, most interesting, given assignment to resolve banking problems after 1929 collapse, Dodd learned:  “During or after the 1929 stock market crash he was assigned by his superiors the task of restructuring the bank he was working at, after a period of which he recommended what at the time was referred to as ‘sound banking’. He was told that his recommendations would not be considered because his superiors told him that ‘we will never see sound banking in the United States again’.   A transcript of  interview records Bankers’ view as revealed to Dodd :

will never see sound banking in the United States again.’ They
cited chapter and verse to support that statement, and what they
cited was as follows: ‘Since the end of world war one we have
been responsible for what they call the institutionalizing of
conflicting interests, and they are so prevalent inside this
country that they can never be resolved.’”

Wow!  The phrase “institutionalizing of conflicting interests” should be read as corruption that constraints of “sound banking”  shouldn’t  allow.  Well,  Dodd resigned from employment at a Morgan bank out of good conscience only to discover:  “…the doors of every bank in the United States were closed to me,
and I never could again get a job, as it were, in the banks. I
found myself, for the first time since I graduated from college,
out of a job.”

Dodd, is clearly, an unsung hero, someone who took a stand to reveal truth to power and paid price.  Dodd is largely ignored as history books written by those he stood against:

“In the Dodd report to the Reece Committee on Foundations, he gave a definition of the word “subversive’, saying that the term referred to ‘Any action having as its purpose the alteration of either the principle or the form of the United States Government by other than constitutional means.’ He then argued that the Ford Foundation, Rockefeller Foundation, and Carnegie Endowment were using funds excessively on projects at Columbia, Harvard, Chicago University and the University of California, in order to enable oligarchical collectivism,” according to Wikipedia.

Dodd observed a large element in scheme to institute collectivism, occurred when transfer of control of education was taken from local communities. It’s a prescient interview, thirty years ago, showing blueprint of an America thrust upon its citizens.  

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