Sir Henry Strakosch 1871-1943 GBE, jewish mining magnate and chairman of The Economist newspaper between 1929 and 1943. He became chairman of the Union Corporation of South Africa in 1924. He twice bailed out a bankrupt Churchill. As the Germans say, “If you eat a man’s bread, you have to sing his song” — and “Money rules the world.” Note, btw, the pointed ears….. rather diabolical.
This Englishman calling himself “Tik” walks on a tightrope, bashing Hitler from a libertarian mindset, but also debunking many Allied WWII myths. In this video he is puncturing the myth of Churchill as a great warlord.
Henry Strakosch
Sir Henry Strakosch GBE (9 May 1871 – 30 October 1943) was an Austrian-born British banker and businessman. As a Jewish financier, the financial help he offered to Winston Churchill was exploited by Nazi propaganda during the 1930s and World War II, and by Holocaust deniers in later years.[citation needed]
*** GBE = Knight Grand Cross of the Most Excellent Order of the British Empire
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Early life[edit]
His parents were the merchant Edward Strakosch and his wife, Mathilde (née Winters). He was born at Hohenau, Austria, and educated at the Wasa Gymnasium in Vienna and privately in England.[1]
Strakosch entered banking in the City of London in 1891,[2] and then began working for the Anglo-Austrian Bank of South Africa in 1895. Strakosch became a naturalized British citizen in 1907.
Financial career[edit]
Strakosch served as a financial adviser to the South African government, and was the author of the 1920 South African Currency and Banking Act. He was chairman of the South African goldminers, Union Corporation from 1924. He was a member of the Royal Commission on Indian Currency and Finance during 1925 and 1926. He later served on the Council of India between 1930 and 1937, served as a delegate for India at the Imperial Economic Conference in 1932, and acted as adviser to the Secretary of State for India between 1937 and 1942.
He was knighted in 1921, and then appointed a KBE in 1924, and promoted GBE in 1927.[3] He was awarded an honorary degree of LLD at Manchester University in 1938.[1]
Strakosch was chairman of The Economist [a major newspaper, then as now] between 1929 and 1943. He supplied Winston Churchill with figures on German arms expenditure during the latter’s political campaign for rearmament.[4]
Files declassified in the 2000s showed that Strakosch provided large financial gifts to Churchill in 1938 and 1940,[5][6]
….which enabled Churchill to pay off his vast debts and to withdraw his Kent home Chartwell from sale at a time of severe financial pressures.[4]
Nazi propaganda exploits this to claim that Churchill was under the control of Zionist bankers, an anti-Semitic trope also repeated by Holocaust denialists such as David Irving.[7]
Strakosch [possibly a homosexual, which in Britain — then as now — was extremely common among the rich, and among jewry] was unmarried until 1941 [age 69] when he married Mabel Elizabeth Vincent, widow of Joseph Temperley,[2] a shipowner.[1]
[I smell $$$$$]
He died at his home at Walton-on-Thames, Surrey, in 1943 aged 72.[1]
Publications[edit]
- The South African Currency and Exchange Problem, Johannesburg, 1920.
- The South African Currency and Exchange Problem Re-Examined, Johannesburg, 1922.
- Monetary Stability and the Gold Standard, London, 1928.
- A Financial Plan for the Prevention of War, London, 1929.
- The Crisis. A memorandum, supplement to The Economist, 9 January 1932.
References[edit]
- ^ Jump up to:abcd “Strakosch, Sir Henry Edouard”. Oxford Dictionary of National Biography (online ed.). Oxford University Press. doi:10.1093/ref:odnb/36343. (Subscription or UK public library membership required.)
- ^ Jump up to:ab “Strakosch, Sir Henry”. Who’s Who. A & C Black. (Subscription or UK public library membership required.)
- ^ Kelly’s Handbook to the Titled, Landed and Official Classes, 1942. Kelly’s. p. 1715.
- ^ Jump up to:ab Gilbert, Martin (1981). Winston Churchill – The Wilderness Years. Macmillan. p. 222. ISBN0-333-32564-8.
- ^ Aderet, Ofer (19 September 2016). “Blood, Sweat and Booze: Churchill’s Debts and the Moguls Who Saved Him”. Haaretz. Retrieved 30 March 2020.
- ^ Larson, Erik (25 February 2020). The Splendid and the Vile : a saga of Churchill, family, and defiance during the Blitz (First ed.). New York. p. 100. ISBN978-0-385-34871-3. OCLC1125275396.
- ^ Cohen, Deborah (22 December 2015). “Churchill Couldn’t Handle His Money”. The Atlantic. Retrieved 18 August 2022.
- Harold Gilmore Calhoun: Les théories de Sir Henry Strakosch en matière de crise et la crise de 1929–1933. Loviton, Paris 1933.
External links[edit]
- Works by or about Henry Strakosch at Internet Archive
- Interwar Papers and Correspondence Archived 3 May 2006 at the Wayback Machine of Roy Harrod
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:……Haaretz (Major Israeli newspaper and website] on Churchill’s wild spending ON HIMSELF
Blood, Sweat and Booze: Churchill’s Debts and the Moguls Who Saved Him
Britain’s great war leader didn’t hesitate to get millionaires to pay for his cigars, fine wines and other delicacies, a new book shows.
In 1940, when Winston Churchill was up to his neck in Nazis, his residence’s spending on alcohol soared to double the amount the government had approved. The solution: List booze outlays under “entertainment expenses.” For Britain’s new prime minister, who took over the very day Hitler invaded Holland, Belgium and France, this was a good deal.
But alcohol prices weren’t Churchill’s biggest problem. In the new book “No More Champagne: Churchill and his Money,” British banker and financier David Lough recounts Churchill’s fascinating financial history that ranged from dire straits to great wealth. He mines writings of Churchill and people close to him that had never been revealed. He also crunches the financial data that were a burden for – or unavailable to – previous biographers.
Churchill gambled heavily at casinos, lost a bundle in the stock market and did everything he could to avoid paying taxes – even when he was chancellor of the exchequer, the head of His Majesty’s Treasury.
Though Churchill was compulsively tardy in paying his debts, he never thought about living a more frugal life. He always knew there would be someone to save the day.
The generous donor didn’t ask for anything in return [oh, really, now?] and kept it a secret. To cover his tracks, Strakosch made out the check to one of Churchill’s close advisers, who in turn signed it over to the big guy. The new prime minister was thus able to pay off the watchmakers, wine merchants and tailors who waited patiently for their due.
Did someone call him schnorrer?
The author comments that “it is unclear whether Churchill repaid Sir Ernest Cassel’s loan of £2,300: no correspondence on the subject with either Sir Ernest or his executors (after his death in 1921) survives.”
The evidence of donations from wealthy Jews could serve as fodder for hatemongers, who often claim that the Jews controlled the British leader. Lough is aware of this and stresses that Churchill never gave wealthy Jews anything in return for their money. He found no connection between Jewish money and Churchill’s efforts against Nazi Germany before the war.
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Courtesy Life magazine
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…..Wall Street Journal on Strakosch YET AGAIN bailing out the spendthrift Churchill in 1940
Blood, Toil, Tears and Debt
A month after becoming prime minister in 1940, Churchill was broke.
ET
On right, Winston Churchill (1874 – 1965) accompanied by his son Randolph (1911 – 1968) and Coco Chanel (1883 – 1971) at a meet of the Duke of Westminster’s boar hounds, the ‘Mimizan Hunt’ near Dampierre, northern France. (Photo by Hulton Archive/Getty Images) PHOTO: GETTY IMAGES
‘These filthy money matters are the curse of my life and my only worry,” the 24-year-old Winston Churchill complained to his mother in 1898. Money troubles dogged Churchill throughout his life, as David Lough reveals in “No More Champagne,” his fascinating study of Churchill’s finances. On several occasions, the author shows, Churchill was “bailed out” by friends with gifts or loans when his debts threatened to push him into bankruptcy.
A month after becoming prime minister in 1940, Churchill ran out of money to pay his household bills, his taxes and the interest on his large overdraft. His personal assistant, Brendan Bracken, approached Sir Henry Strakosch, an Austrian-born [not jewish? LOL] banker who supported Churchill’s anti-Nazi stance.
Strakosch promptly wrote out a check for £5,000, which the author estimates to be equivalent to $250,000 today. (Each page includes a helpful multiplier for calculating the rough modern equivalent of financial figures quoted in the book.) “The amount reached Churchill’s account on 21 June,” Mr. Lough writes. “Thus fortified, he paid a clutch of overdue bills from shirt-makers, watch-repairers and wine merchants before he turned his attention back to the war.”
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