In the “trade wars” underway, President Trump is not only facing off against Red China but the global Big Banks headquartered in New York which underwrote the communist Chinese rise to power economically and militarily. As a result, even Maria Bartiromo of Fox News catered to Jamie Dimon of JPMorgan Chase, asking for comments on her show that forced Trump to “pause” some tariffs. Trump acknowledged he watched Dimon’s comments and reacted accordingly.

How did the CEO of JPMorgan Chase get such power?

Bartiromo understands Dimon’s role. Her broadcast series, “Uncovering Wall Street’s Role in China’s Power Play,” is designed to highlight the role of the Big Banks.

Antony Sutton’s 1974 book, Wall Street and the Bolshevik Revolution, documents a link between U.S. banking interests and the Bolshevik cause, the subsequent rise of Communist China, and the invasions of South Korea and South Vietnam, resulting in 100 million dead. In addition, tens of thousands of American military personnel died attempting to stop the advance of international communism.

The 23 million people on the island of Free China on Taiwan are now in immediate danger.

In China’s case, it was Henry Kissinger who insisted that China had abandoned communism and was no longer a threat.

On the business channels, we are being treated to an endless series of doomsday forecasts, such as Ray Dalio, the American billionaire and hedge fund manager who founded Bridgewater Associates, warning of a recession or worse if the tariffs against China remain. He is a figure in the National Committee on United States-China Relations, which “promotes understanding and cooperation between the United States and Greater China in the belief that sound and productive Sino-American relations serve vital American and world interests.”

To understand the current dilemma, consider V.I. Lenin’s Imperialism: The Highest Stage of Capitalism, where he writes about how the export of capital by the banks and corporate monopolies has replaced the “old capitalism” of free competition.

The Soviet revolutionary expanded on the Communist Manifesto to predict the rise of the international banks as the “highest stage of capitalism.” We must understand the Marxist “game plan” for the world.

“Today,” says the JPMorgan Chase website, “we serve Chinese and international corporations, financial institutions and government agencies through our network in Beijing, Shanghai, Tianjin, Guangzhou, Chengdu, Suzhou and Shenzhen.” They are proud of what they have done.

We are in this position because of more than 30 years of what the United Nations called “trade liberalization,” defined in glowing terms as the reduction of trade barriers between nations. Some conservatives fell for the bait because they thought that “free trade” ran counter to the notion of big government.

However, “free trade” as envisioned by the UN always involved giving international bureaucracies the power to manage trade relations between states, as Big Banks financed the rise of the rest of the world, including Red China. Hence, free trade was really managed trade under the supervision of the U.N. and came to define globalization financed by capitalists, leading to the rise of Red China.

Back in 1974, Richard Gardner, a deputy assistant secretary of state for International Organization Affairs in the Kennedy and Johnson administrations, wrote a very revealing article titled “The Hard Road to World Order” in the Council on Foreign Relations journal Foreign Affairs. Gardner predicted that new General Agreement on Tariffs and Trade (GATT) arrangements and procedures would amount to “an end run around national sovereignty, eroding it piece by piece, [which] will accomplish much more than the old-fashioned frontal assault.”

GATT was replaced by the World Trade Organization (WTO).

The Red Chinese were never punished for using their own tariffs to protect their own industries. Meanwhile, the communists looted the economy of the United States for their own military purposes, shipped chemicals to Mexican cartels to make fentanyl to kill Americans, and then unleashed COVID—a bioweapon—on the world, costing millions of lives and trillions of dollars.

Researchers began using the phrase “Deaths of despair” to refer to what was happening in America under “free trade.” Shannon Monnat, an assistant professor and research associate at Penn State University, published a study, “Deaths of Despair and Support for Trump in the 2016 Presidential Election,” which found a strong vote for Trump in Rust Belt states with higher drug, alcohol, and suicide mortality rates. The Trump support, she notes, was heavy in what her study called America’s new post-industrial “heroin beltway.”

The deteriorating conditions in mostly white communities were described in the book Hillbilly Elegy by J.D. Vance, now Trump’s vice-president, who had recognized the Trump appeal that earned him a seat in the U.S. Senate from Ohio before being selected as Trump’s running mate in 2024.

Interestingly, the Washington Post admitted in a major article that the Obama administration recognized the fentanyl problem but failed to declare a public health emergency—against the pleas of national health experts. The paper described fentanyl as “the deadliest drug to ever hit U.S. streets.”

Trump has recognized the nature of the problem, describing it as an emergency that required using tariffs and other measures in response. But the Big Banks want him to back away, to save their investments in China.

America’s communities are still suffering “deaths of despair,” as local health departments now routinely offer free overdose response training, overdose prevention education, Narcan, fentanyl test strips, and xylazine test strips.

To expose and explain to the America people how this happened, the Republican Congress can subpoena the institutional funders, including corporations and private foundations, as well as leading business and professional firms, behind the National Committee on United States-China Relations.

Their lust for profits and ignorance of true communist aims, as defined in the Communist Manifesto, brought us to this point.

The famous quotation attributed to Lenin, “The Capitalists will sell us the rope with which we will hang them,” may be true in the sense that the Chinese communists—and not the Bolsheviks—are buying the rope and the capitalists have financed it.