A lengthy article in Antiwar.com on July 9 described the operations of the Pentagon’s Office of Strategic Capital, under the direction of Deputy Defense Secretary Stephen Feinberg—perhaps for the first time since EIR exposed this unlimited Schachtian slush fund for war in early April of this year. The article describes in detail the operation of this 35-year Cerberus Capital Management CEO in contracting for the Pentagon, including from his hedge fund’s own corporate clients, and refers to the recruitment of top Wall Street bankers to help him, as exposed in that EIR article.
The Antiwar.com article begins by comparing Germany’s BlackRock, Inc. manager-turned-Chancellor Friedrich Merz as the figure who rammed through the Bundestag the German war slush fund which contracts with BlackRock’s clients. It describes, as well, that a private equity CEO, John Phelan, is now confirmed on a bipartisan basis as Secretary of the Navy, able to dole out military contracts from that position. It refers to the equity (stock) investments which the Office of Strategic Capital has already made, in MP Materials Corp. and in L3Harris Technologies, using Defense Production Act (DPA) provisions.
