Study of the Hegemony of Parasitism - michaeljgoodnight.com

never more than a standin for Bechtel. Kaiser, after
having been snubbed by AGC, became president of
Associated General Contractors after the Bechtels
recommended him. At the end of World War II, Bechtel
Group held 20% of Kaiser Permanente Metals, which
owned Richmond Shipbuilding, the Kaiser firm. The
youngest son, Ken Bechtel, ran the Marin Shipyard.
Bechtel's rush program of building Liberty ships
considerably antedated Pearl Harbor. Roosevelt (Dr. Win
the War) issued his emergency shipbuilding order in
January 1941; by Sept. 27, the first Liberty ships were
being launched. FDR, as Asst. Sec. of the Navy in 1916,
had done the same thing, awarding Navy contracts long
before we entered World War I. "Preparedness". The
Bechtel-McCone alliance, being short of capital, invented
the ingenious "cost-plus" contract arrangement. Under
this generous stipulation, the government guaranteed
war contractors all costs of production, plus a
guaranteed 10% profit. The more the contractor spent,
the greater his profit. It was the greatest boondoggle for
the fortunate few since the Federal Reserve System
started printing paper money with no backing except
paper bonds.
The free-flowing profits led to an inevitable intelligence
connection. John McCone became president of the Air
Pollution Committee in 1947, and in 1948, became
deputy Secretary of Defense. Ralph Casey of the
General Accounting Office later testified that while
holding this office, McCone gave contracts to Standard