RUTHFULLY YOURS

https://issuesinsights.com/2024/06/12/the-shady-stagnant-wealth-that-supports-hamas/

The tycoons funding the ferocious – and mostly artificially engineered – student demonstrations in support of the genocidal, Iranian-financed terrorist organization Hamas, and its goal of destroying the state of Israel, did not attain their money through any entrepreneurial excellence and innovation on their parts.

They are, rather, in one way or another, trust fund heirs – Leftist Lord Fauntleroys, if you will – or wheeler dealers of the commodities markets, cannibalizing on the misfortune of others around the globe rather than producing new products or services; or shifty hotel magnates with a lack of vision as stationary as their properties.

David Rockefeller Jr.’s Rockefeller Brothers Fund has bestowed nearly a half million dollars during the past five years to one of the organizers of the unlawful student demos at Columbia University and other campuses, the anti-Zionist Orwellian-named “Jewish Voice for Peace,” as well as providing grants to notorious left-wing donor George Soros’ Tides Foundation. Soros’ operations themselves help fund both Jewish Voice for Peace and IfNotNow, another organizer of the demonstrations.

The entrepreneurial genius of John D. Rockefeller — whose Standard Oil, originating with Rockefeller’s $4,000 investment, enabled America to grow to economic global superpower status — is long gone. He died 87 years ago, a quarter century after Standard was judged to have become a monopoly and forcibly broken into dozens of companies. Since then his descendants have used his wealth and name in great measure to fuel their political ambitions and impose their imprint on American culture under the guise of philanthropy.

In 1934, Rockefeller established trusts for his children consisting of oil stock and real estate; they would themselves establish trusts, which divide into new trusts for succeeding generations upon their deaths. Money managers keep the wealth from dissipating and the principal is kept out of the hands of the beneficiary descendants, who live off the interest. The sale of much of Rockefeller Center’s Midtown Manhattan buildings to Japanese interests in the latter half of the 1980s as property values boomed unlocked billions in cash for the family.

None of this kind of activity, of course, compares to the inspiring story of an Elon Musk utilizing smarts and guts and the risk of his own resources to give the world PayPal and Tesla, and then reach for the stars via private spacecraft; or Michael Dell turning a ramshackle computer repair operation in his college dorm room into the world’s leading PC maker; or Domino’s founder Tom Monaghan, his starting place a single Detroit pizzeria purchased via a loan, perfecting the quick delivery of hot pizza for millions of consumers. Today’s Rockefellers are left-wing political activists who happen to be loaded, not entrepreneurs.

Nicholas J. Pritzker, heir to the Hyatt hotel chain fortune, and his wife, who have contributed hundreds of thousands of dollars in campaign funds to President Joe Biden, back both Solidaire Action and the Libra Foundation — both involved in the anti-Israel agitations.

The Pritzkers have also supported Soros’ Tides Foundation, which finances the Adalah Justice Project, involved in the Columbia demonstrations and which has claimed that “universities are hedge funds, deeply embedded with weapons manufacturers.” Tides has assisted, as well, the Palestine Legal defense litigation fund offering representation to the demonstrators. Libra backs Black Organizing for Leadership and Dignity, whose website promotes pro-Palestinian agitation.

While second generation son Nelson Rockefeller rose to the New York governorship and the vice presidency of the United States as a liberal Republican, and the third generation’s Jay Rockefeller was a Democrat U.S. senator for West Virginia for three decades, J.B. Pritzker, his Uncle Jay’s namesake, has been the Democrat governor of Illinois since 2019.

The most well-known facet of the Pritzker family’s convoluted rise to massive wealth can be described in general terms as beating the pack to building luxury hotels for business executives in the vicinity of airports at the dawn of the passenger-jet travel age in the 1950s, resulting in today’s multi-billion-dollar Hyatt empire.

Family patriarch and skilled dealmaker Jay Pritzker was adept at establishing trusts and complex offshore arrangements to avoid taxes, in 1994 settling with the IRS on payment of $9.5 million plus interest. The widely dispersed descendant inheritors of today own a wide array of foundations serving various pet causes.

When it comes to profit, Nick Pritzker’s Tao Capital invests largely in environmentalist-oriented equities, such as the much-hyped Pennsylvania-based battery maker Acquion Energy, which was sued for violating federal labor law less than a decade after its founding and declared bankruptcy shortly thereafter in 2017; and San Francisco-based synthetic biology company Twist Bioscience, whose stock price has sunk by about 80% over the last three years.

Nick was among Pritzker family members accused by their own flesh and blood of looting trusts Jay set up, to the tune of the misappropriation of billions of dollars. The 2001 downfall of the Pritzkers’ Superior Bank of Chicago after questionable loan practices ended in payment of a $460 million fine.

Donald Trump sued the Pritzkers for $500 million in 1993, charging the family with “fraud, extortion and money laundering” in pursuit of Trump’s 50% stake in Hyatt’s former Commodore Hotel adjacent to Grand Central Terminal. It ended in settlement in 1995.

As with the Rockefeller progeny, such shuffling of land holdings, international legal acrobatics to perpetuate inheritances, and vicious family feuding amongst scions are far from reflective of the talents and values that mark entrepreneurial greatness.

Finally, we have the infamous Soros, whose seemingly inexhaustible cash cow for leftist causes is much the result of a single 1992 bet on the British pound sterling sinking, his payoff for that one transaction exceeding a billion dollars, almost certainly the result of “intelligence” provided by Soros’ political contacts.

Soros has given millions to the Tides Center, which in turn counts Palestine Legal as a fiscally sponsored project dating back to 2013, plus the Adalah Justice Project since 2016, while Jewish Voice for Peace and IfNotNow are “grantee partners,” according to Tides.

But since 2007 the Tides Foundation has enjoyed revenues of $2.6 billion, its initial funding source yet another child of plenty, Jane Lehman, heiress to the Reynolds tobacco fortune, though much of its money comes from anonymous donations.

In the last several years, California Democrat Gov. Gavin Newsom raised more than $11 million for the Tides Foundation, almost all of it from the Charles and Lynn Schusterman Family Philanthropies, established by the late Tulsa-based Russian emigre and oil tycoon Charles Schusterman, which funds an array of left-wing causes but has also been a longtime major supporter of the state of Israel.

Even dependably left-leaning Democrat Sen. Sheldon Whitehouse of Rhode Island has named the Tides Foundation as part of Washington’s “slime machine” of dark money.

The great innovators of American economic history, whose inventions and drive to bring the fruits of their ingenuity to the masses have improved countless lives, fully deserve their financial rewards. It has never been a secret that many of the children and grandchildren to whom they left their wealth never inherited their forebears’ brains.

But now, beyond that, we find many in the succeeding generations actually financing forces advocating anti-semitism, terrorism, and racial genocide.