﻿<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Henry’s Substack]]></title><description><![CDATA[My personal Substack]]></description><link>https://henrysoderstrom.substack.com</link><image><url>https://substackcdn.com/image/fetch/$s_!NyCR!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F609709b7-36cf-403d-bd39-2f5f4459b6d8_1242x1242.jpeg</url><title>Henry’s Substack</title><link>https://henrysoderstrom.substack.com</link></image><generator>Substack</generator><lastBuildDate>Thu, 11 Jun 2026 16:14:37 GMT</lastBuildDate><atom:link href="https://henrysoderstrom.substack.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Henry Söderström]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[henrysoderstrom@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[henrysoderstrom@substack.com]]></itunes:email><itunes:name><![CDATA[Henry Söderström]]></itunes:name></itunes:owner><itunes:author><![CDATA[Henry Söderström]]></itunes:author><googleplay:owner><![CDATA[henrysoderstrom@substack.com]]></googleplay:owner><googleplay:email><![CDATA[henrysoderstrom@substack.com]]></googleplay:email><googleplay:author><![CDATA[Henry Söderström]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[The Palme Assassination – 40 Years of Cover-up]]></title><description><![CDATA[The murder of Olof Palme was, without doubt, one of the most shocking events in Sweden during the last century, and the subsequent police investigation&#8212;the world&#8217;s most expensive one&#8212;can only be regarded as a monumental failure.]]></description><link>https://henrysoderstrom.substack.com/p/the-palme-assassination-40-years</link><guid isPermaLink="false">https://henrysoderstrom.substack.com/p/the-palme-assassination-40-years</guid><dc:creator><![CDATA[Henry Söderström]]></dc:creator><pubDate>Tue, 24 Feb 2026 19:35:35 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!NyCR!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F609709b7-36cf-403d-bd39-2f5f4459b6d8_1242x1242.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The murder of Olof Palme was, without doubt, one of the most shocking events in Sweden during the last century, and the subsequent police investigation&#8212;the world&#8217;s most expensive one&#8212;can only be regarded as a monumental failure. Despite the attempts by the police and prosecutors to solve the murder by securing the conviction of a lone perpetrator the murder still today remains unsolved, and the question is whether the truth about it will ever reach the public.</p><p>The third of the government&#8209;appointed commissions, the so&#8209;called Review Commission (<em>Granskningskommissionen</em>), although broadly seeming to agree with the Palme investigation&#8217;s conclusions, nevertheless directed criticism at the neglect of international tracks, among which the Bofors [Swedish arms manufacturer] affair can be counted.</p><p>Hans Holm&#233;r, the first head of the investigation, who in early 1987 was forced to resign with great fanfare after his failed attempt to connect the Kurdish political party PKK to the deed, once declared that &#8220;if the truth about the murder of Olof Palme comes out, it will shake Sweden to its foundations&#8221;&#8212;a statement that sits ill with his 95&#8209;percent certainty of PKK&#8217;s guilt and, for that matter, even less with the stubborn insistence on a lone assassin.</p><p>If, instead, the truth lies on another level&#8212;that the murder was planned and carried out by powerful forces, both in Sweden and abroad, and that the investigation itself was deliberately driven onto false trails for the purpose of a cover&#8209;up, done with the blessing of Sweden&#8217;s tracking authorities&#8212;then the former county police commissioner&#8217;s statement takes on an entirely different complexion. Were something of that kind to become public knowledge, it would indeed trigger a gigantic scandal with tremendous repercussions for reputation of Sweden&#8217;s rule&#8209;of&#8209;law system as a whole.</p><p>Another high dignitary, former Minister of Justice and Ambassador to Paris Carl Lidbom, is said to have remarked that &#8220;it would be best if the murder of Olof Palme were never solved.&#8221;<br>This prompts the question of what might be of such gravity that a cover&#8209;up would constitute the best solution?</p><p>Here I will present an attempt at a solution consisting of a number of indications and factual details suggesting that the murder may have been initiated by individuals high up in the power hierarchy. This theory is diametrically opposed to the official Palme investigation&#8217;s, as it can be said to culminate in the hypothesis that Palme fell victim to a grand&#8209;political conspiracy&#8212;one with the power both to carry out such a deed and then to conceal the truth about it.</p><div><hr></div><p><strong>George H.W. Bush and the Operations Sub&#8209;Group (OSG)</strong></p><p>In a radio interview in Los Angeles on 14 July 1997, the defected CIA agent Gene &#8220;Chip&#8221; Tatum revealed that a special group, created by the then U.S. Vice President and later President George H.W. Bush, was&#8212;among several other misdeeds&#8212;behind the murder of the Swedish Prime Minister. The motive, according to Tatum, was that Palme, who was also the UN&#8217;s peace mediator in the Iran&#8211;Iraq War, had intervened against the international arms cartels and thereby prevented them from using what he called &#8220;the Bofors route&#8221; to sell American weapons to permitted countries for onward transfer to Iran during the war with Iraq. In the interview, Tatum further asserted that the OSG commissioned South African agents to carry out the assassination.</p><p>Thus two international tracks converge here with the Bofors track. But how much substance is there to this? It is known that Palme on several occasions intervened directly against Bofors and halted certain arms shipments that had Iran as the final destination. It is claimed, for example, that it was Palme who ensured that, on 29 September 1985, the customs crime unit raided the Malm&#246; office of the arms dealer Karl&#8209;Erik Schmitz, where thousands of documents were seized, showing in detail how the international arms and explosives cartel operated on both sides of the Iron Curtain&#8212;not least through a country like the GDR, which financed a large part of its state budget through arms smuggling organized by the security service STASI. Bofors played an important role here, not least through Schmitz, who, according to certain reliable sources, has been identified as a CIA collaborator with a direct line to Lieutenant Colonel Oliver North&#8212;the man who later was sacrificed when the Iran&#8211;Contra affair began to unravel in late 1986.</p><p>At the National Security Archive in Washington, it is possible to read what Oliver North wrote in his diary, which points to that Palme had interferred and blocked the sale of arms equipment aimed for Iran. On 11 March 1986, some days after the killing, he wrote that everything now was ready for shipment. North made use of the Iranian arms dealer Manucher Ghorbanifar and the Israeli prime minister Shimon Peres&#8217;s envoy, Amiram Nir as intermediaries:</p><p><em>&#8220;Call from Nir. G[h]orba[nifar] wants Nir to bring items with him to Sweden. (...) After February [after the Palme murder] all things are possible.&#8221;</em></p><p>During 1985&#8211;86, North had attempted to smuggle Hawk missiles via Sweden to Iran, and in the years preceding 1985, Bofors had developed a channel for exporting Swedish weapons to Iran &#8212; a route that North was able to exploit.</p><p>According to Tatum, Palme threatened to go to the UN and reveal everything he knew about the United States&#8217; illegal arms dealings with the regime in Iran, and with the Contras resistance movement in Nicaragua. Tatum, who at that time reportedly lived at an undisclosed location together with his wife, is supposed to have placed confidential CIA documents as a kind of life insurance in case anything should happen to him.</p><p>Gene Tatum was transferred from the CIA to the OSG (Operations Sub&#8209;Groups) in April 1986 and there he learned about various shady covert operations the OSG had carried out. The OSG was part of an organization that reported directly to the National Security Council and the Office of the Vice President in the United States. President Ronald Reagan had, in December 1981, signed a decree&#8212;Executive Order 12133&#8212;which came to entail the creation of a structure consisting of a number of groups such as the Special Situations Group and the Crisis Management Group, whose primary tasks were to handle intelligence, counter&#8209;espionage, and various types of secret operations requiring rapid and efficient decision&#8209;making. This organization, which has subsequently been called &#8220;the secret government of the United States&#8221; and which in February 1986 was merged with the OSG, could thus bypass normal bureaucratic channels and make use of personnel from ordinary agencies, including the NSC and the CIA. These individuals did not have to report to their regular employers, but directly to the OSG and to the vice president Bush.</p><p>There is also some information indicating that part of the arms trade was financed with narcotics from Latin America as payment&#8212; something that caused great outrage after a revelatory series of articles in a California newspaper in the autumn of 1996, in which the CIA was accused of having controlled the narcotics trade in the United States during much of the 1980s.</p><p>It has also been suspected that Bofors&#8217; major India deal, worth more than 8 billion kronor, may have had something to do with the Palme murder. What Bofors director Martin Ardbo meant when he wrote in his diary that &#8220;Palme&#8217;s involvement could track to the fall of Sweden&#8217;s government&#8221; is a secret he said he took to the grave.</p><p><strong>The Telegram Track</strong></p><p>At a fairly early stage of the Palme investigation, a telegram came to light with the following wording: &#8220;Tell our friend that the Swedish tree will be felled.&#8221; This telegram, allegedly sent only three days before the murder of Olof Palme, was from Licio Gelli, the notorious Grand Master of the Italian Masonic lodge P2, and was addressed to Philip Guarino, a senior official of the U.S. Republican Party and a close confidant of George Bush Sr. According to a later account, Bush was mentioned by name as &#8220;our friend&#8221; in the telegram, which is believed to have referred to the impending murder in Stockholm; the Swedish tree would have been Olof Palme, whose name was often perceived as &#8220;Palm.&#8221;</p><p>That Licio Gelli had good contacts with the Reagan/Bush administration is evident not least from his being invited to those gentlemen&#8217;s inauguration at the White House in December 1981.</p><p>The source of the telegram track was the CIA agent &#8220;Ibrahim Razin,&#8221; who, by all accounts, is identical with the CIA&#8217;s Iran expert Oscar LeWinter.</p><p>One journalist in Sweden who took an interest in this telegram was the daily newspaper <em>Dagens Nyheter&#8217;s</em> Olle Als&#233;n. In early 1990, he phoned the addressee Philip Guarino, who replied that he remembered nothing about it. The Palme group also requested material from the FBI, which, according to former chief investigator Hans &#214;lvebro, led to &#8220;Razin&#8221; being dismissed as &#8220;an international fraudster,&#8221; whereupon the telegram track was no longer of interest.</p><p>&#8220;Operation Tree&#8221; has, incidentally, appeared in another closely related context&#8212;namely as the codename for the murder. This information comes from a journalist named Allan Francovich, who claimed even to have the name of Palme&#8217;s killer: a professional assassin who had been employed by the former Iranian security service and trained by the CIA. His thesis was that the murder had been ordered by a secret organization within NATO: the Special Operations Planning Staff (SOPS), a sub-branch of the Allied Clandestine Committee (ACC) which coordinated the stay-behind networks in Europe. NATO&#8217;s secret stay-behind armies were trained for both resistance against Soviet invasions and domestic &#8220;emergencies.&#8221; This raises the possibility that such networks could have been activated for political purposes, including assassinations.</p><p>At the ACC/SOPS meetings, there was also a representative from the CIA for NATO&#8217;s ITAC (Intelligence Tactical Assessment Center &#8212; subordinated to U.S. intelligence and playing a central role within Stay Behind), who is said to have leaked the report classified as &#8220;Cosmic Top Secret,&#8221; dated 7 January 1986.</p><p>Francovich planned to meet the hitman during his stay in the United States, but suddenly died in April 1997 of a heart attack after passing through customs at Houston Airport in Texas. According to his account, Operation Tree had been planned by a secret group within NATO, which intended at all costs to prevent Palme&#8217;s forthcoming trip to Moscow, where topics such as a Nordic nuclear&#8209;weapon&#8209;free zone were to be discussed as well as, reportedly, the question of Norway&#8217;s and Denmark&#8217;s withdrawal from NATO. This implied that Palme was considered a threat to NATO&#8217;s northern flank.</p><p>The exposure of the Italian Masonic lodge P2 (Propaganda Due) in the early 1980s struck like a bomb in Italy, when it emerged that a large number of high&#8209;ranking politicians and military officers were members. P2 has also been linked to several criminal activities in Europe during the 1970s and 1980s as part of a &#8220;strategy of tension&#8221;, including the kidnapping and murder of politician Aldo Moro in 1977 and the bombing of the Bologna railway station in 1980, in which 85 people were killed. The person chiefly responsible for this deed was Stefano Delle Chiaie, who has also figured in the Palme case: his lawyer is said to have revealed to a journalist that Delle Chiaie had admitted that he was in some way also involved in the murder of the Swedish Prime Minister. Delle Chiaie was actually visited in prison in Florence by an officer from the Palme group, but at that time he would not concede any involvement whatsoever.</p><p><strong>The South Africa Track</strong></p><p>Another person with allegedly strong ties to P2 is a man named Giovanni Mario Ricci, who in this context is of interest not only because he, like the CIA chief William Casey, was a member of the Knights of Malta, but primarily because of his connections to Craig Williamson&#8212;the South African &#8220;super&#8209;spy&#8221; whom a number of South African agents have identified as the very mastermind behind the Palme murder.</p><p>Craig Williamson was recruited in the early 1970s to South Africa&#8217;s security police and took part&#8212;by his own admission&#8212;in several operations both in South Africa and abroad against tracking figures within the ANC. In 1985 he moved to military intelligence and worked through a number of private companies, including Longreach Ltd, that functioned as a cover for various types of covert activities. Among Williamson&#8217;s business partners&#8212;perhaps the most important one&#8212;was none other than Giovanni Mario Ricci. They cooperated both in Longreach and in a company that, after Ricci&#8217;s initials, was called GMR, and Williamson was at some point in 1986 appointed managing director of its South African branch.</p><p>The South Africa track in the Palme investigation received much attention at the end of September 1996, after Police Colonel Eugene de Kock testified in a Pretoria court about his involvement in the crimes of the apartheid regime and, just in passing, stated that Craig Williamson had organized the murder of Olof Palme as part of &#8220;Operation Longreach,&#8221; something he claimed to have first&#8209;hand knowledge of. The former agent Riian Stander, who also had been employed by Longreach, has also told the Swedish film maker Boris Ersson that the Palme murder was carried out by people from the military security service, and that Craig Williamson organized he operation with the codename &#8220;Hammer&#8221;. He also informed that the South African elite soldiers Anthony White and Paul Asmussen got support from local people in Sweden who worked in a police squad with a female boss.</p><p>Tips about South African involvement had reached the Palme investigation already in its first month. Karl&#8209;Gunnar B&#228;ck, who later became head of Sweden&#8217;s Civil Defence Association, has, for example, stated that he had contact with an Englishman who told him that the British intelligence service MI6 had information about the murder: it was South African security agents who were behind it, and a Swedish police officer employed by the Swedish security service S&#228;po should also have been involved.<br>B&#228;ck recorded this on a cassette tape, which he then sent to S&#228;po in Uppsala, but no one contacted him until late summer 1986, when he was told that the track had been investigated but had not led anywhere. B&#228;ck was surprised, since no one had been in touch with him to ask for the source&#8217;s name. It later emerged that the tape had disappeared and thus never reached the police&#8217;s Palme unit.</p><p>Craig Williamson was not an unknown name to the Palme group either; already in March 1986 they received information from a highly credible source about Williamson&#8217;s possible involvement and that there was a Swedish connection. It is also known that Williamson was in Stockholm during the anti&#8209;apartheid conference on 21&#8211;23 February 1986, where Palme vehemently condemned the apartheid system. That Williamson remained in Stockholm on the night of the murder has has likewise been confirmed by the Palme prosecutor Jan Danielsson. Williamson should have stayed in a guest apartment on Kammakargatan in central Stockholm that was used by the International Police Association (IPA).</p><p>Another central figure within Longreach was Peter Casselton, who, a day before he was to give his testimony before the Truth and Reconciliation Commission, was crushed to death by a truck he was repairing in his garage.</p><p>Following de Kock&#8217;s sensational revelation, several perpetrators have been named, above all the abovementioned Anthony White, who also worked within Longreach.</p><p>Another one is the Swede Bertil Wedin, who in the early 1980s was recruited by Williamson to the South African security service. He had a military background. In addition, he is alleged to have been an informant for both S&#228;po and the Turkish security service MIT. Since 1985 he lived in Cyprus until his death in 2022 . He described these accusations as &#8220;madness,&#8221; but in an article for the righ-wing magazine <em>Contra</em> he wrote that there was another person, besides Palme, who was to be murdered that evening&#8212;namely himself: &#8220;The idea was that I would appear to be the murderer, but that it would never be known whether I had committed suicide or been killed by accomplices. The reason the plan did not come to fruition was that I never came to Stockholm but stayed in Cyprus.&#8221;</p><p>There is also another type of suspicion directed at Wedin&#8212;namely, that he was the one who planted the PKK track with a journalist at the Turkish paper H&#252;rriyet three months before the first head of the Palme investigation Hans Holm&#233;r went public with his so called main track. PKK&#8217;s threats against Palme were at the front page of the tabloid newspaper Expressen in the autumn of 1985, which interviewed S&#228;po&#8217;s Alf Karlsson, by the same person that was responsible for Palme&#8217;s bodyguard protection. In spite of this threath to his person, Palme had no bodyguards when he was shot.</p><p>One of the more interesting sources in South Africa is the former soldier and security agent Brian Davies, who claimed to have a good deal of first&#8209;hand information. He told a radio journalist that the motive was not political&#8212;i.e., Palme&#8217;s fierce opposition to the apartheid regime&#8212;but financial, concerning international arms smuggling. According to Davies, Williamson led the operation, Anthony White handled logistics, and the killer was a Turk who belonged to the PKK. Davies also said there was a clear link to the aforementioned company GMR, which is said to have made large profits from arms smuggling. It is important to remember that South Africa was a hub for much of the illegal arms trade to Iran, Afghanistan, and to the various wars in Africa. The arms dealer Karl&#8209;Erik Schmitz supplied Iran during the Iran&#8211;Iraq War with explosives from both South Africa&#8217;s Armscor and Sweden&#8217;s Bofors.</p><p>If we return to Stockholm on the night of the murder, there are not so many known witness statements that point to this track. Perhaps the most interesting testimony came from an anonymous witness, &#8220;the Skelleftehamn man&#8221;, who overheard a walkie&#8209;talkie conversation in a foreign language similar to German shortly before the murder and not far from the crime scene.</p><p>There are also some peripheral observation of three foreign men driving around and camping in a white VW van. Some observers believe they may have been part of a commando team on the night of the murder.</p><p>It could also be interesting is to point out certain peculiar circumstances surrounding a certain Heine H&#252;man, a Swede of South African origin, who during the relevant period lived in Bj&#246;rklinge near Uppsala, where he had a car repair shop. Fourteen minutes after the murder, a couple in the Stockholm suburb Bromma received a mysterious telephone call with the words: &#8220;It&#8217;s done. Palme has been shot.&#8221; Obviously wrong number. But it has, however, emerged that their telephone number was almost identical to the Uppsala number&#8212;differing only in the area code&#8212;to a clubhouse located very close to H&#252;man&#8217;s residence in Bj&#246;rklinge. Sometime in 1988 H&#252;man abruptly disappeared from the country without even saying goodbye to his neighbours.</p><p>Another man with connections to both Sweden and the South African security service is Nigel Barnett. In the spring of 1997 he was questioned by Swedish police in Mozambique, where he had been detained since March that year on suspicion of arms smuggling. Information about Barnett&#8217;s possible involvement in the Palme murder comes from former business associate Richard Sears, who, shortly after Barnett&#8217;s arrest, found a bag with a strange contents in his car. In it were, in addition to three different identity cards for him, a tape recording from Radio Sweden, Stockholm, in which two Finnish women related that they had seen a man speaking Finnish into a walkie&#8209;talkie outside the Dekorima shop very close to the crime scene shortly before the murder. It has not been confirmed if Barnett was in Sweden at that time.</p><p>There are also reports that two named professional assassins from the Chilean security service DINA were in Stockholm at the time of the murder, specifically from 26 February to 4 March. Whether their stay in Sweden had anything to do with the murder is uncertain, but if so, one need not ignore the indications pointing toward South Africa. It is known that during the relevant period there was a kind of affinity between the security services of Chile and South Africa. The head of DINA&#8217;s assassination unit, Pedro Espinoza, for example, was active in Pretoria between 1985 and 1987, where he helped organize various types of operations together with his South African colleagues. Furthermore, there should be links from Craig Williamson to the professional assassin Michael Townley, a former agent of DINA, who himself told police interrogators that he had received the order to murder Palme in Madrid as early as 1975.</p><p><strong>World Anti&#8209;Communist League</strong></p><p>An organization often mentioned in this context is WACL (World Anti&#8209;Communist League). WACL began in the early 1960s with Taiwan and South Korea as tracking forces. During the 1970s, after having vigorously supported the U.S. war efforts in Vietnam, several groups were built up, primarily among Eastern Europeans in exile and Latin Americans. Among the member organizations we also find the successor to the Croatian Usta&#353;a, which, incidentally, was mentioned on the very night of the murder at the hospital by Olof Palme&#8217;s wife Lisbet (she stated that she had seen two perpetrators, which also went out in the police&#8217;s heavily delayed nationwide alert. At that time, WACL represented the Reagan administration&#8217;s interests in Latin America during the 1980s, primarily through its support to the Contras in Nicaragua. In November, U.S. politician Alan Cranston received a letter from an inmate in a California prison. It stated that it was WACL that had planned the murder of the Swedish Prime Minister. Cranston forwarded the letter via the U.S. State Department to the Swedish Embassy in Washington, but it disappeared somewhere along the way and never reached the Palme investigation.</p><p>WACL was also represented in Stockholm in a building owned by the Baltic Association on Wallingatan, which also the International Police Association (IPA) had access to. It was there Craig Williamson is supposed to have stayed in the night Palme was killed. One of the police officers who appear in the so&#8209;called police track are also said to have had close ties to WACL, which also applies to a psychology lecturer at the Police Academy, who during the 1980s was also chairman of the Sweden&#8211;South Africa Association.</p><p><strong>The South African Deepsearch Report</strong></p><p>In recent years, beginning in 2014, the former diplomat and SIDA (Swedish International Development Cooperation Agency) official G&#246;ran Bj&#246;rkdahl&#8212;who had previously investigated the circumstances surrounding the death of UN Secretary General Dag Hammarskj&#246;ld in 1961&#8212;turned his attention to the Palme case. He held meetings with members of the military, police officers, and security service personnel in South Africa. In June 2014, a general told him that he considered several central documents Bj&#246;rkdahl presented to be authentic and said he was convinced that South Africa was behind the Palme assassination. These documents are included in the so called &#8220;Deepsearch&#8221; report. A key document is what appears to be a State Security Council intelligence report, which designated Palme an &#8220;enemy of the state&#8217;&#8221; thereby becoming a legitimate assassination target. The Deepsearch report, prepared by a former General in the South African military intelligence, includes a list of individuals who may have been involved in the decision making, planning, and execution of the operation.</p><p>In 2015, Bj&#246;rkdahl met a serving General in the covert part of the military intelligence and the General confirmed that South Africa(ns) killed Olof Palme. He also asked Bj&#246;rkdahl to inform Swedish intelligence that the South African military intelligence was willing to assist in bringing out the truth about the assassination. Bj&#246;rkdahl handed over the information to the Swedish Security Services, S&#228;po, in November 2015 and got no feedback thereafter.</p><p>After a series of meetings with various individuals in South Africa and Sweden &#8212; including several meetings with the Swedish Palme investigation, information surfaced about an alleged secret meeting on 18 March 2020 between a Swedish delegation and South Africa&#8217;s State Security Agency. Bj&#246;rkdahl was told by a credible intelligence source in South Africa that authorities in both Sweden and South Africa were intent on preventing the truth from coming out, regardless of the fact that South Africa is a different state today than during the apartheid era.</p><p>Instead of pursuing the South Africa track, Chief Prosecutor Krister Petersson decided to close the entire investigation, arguing that the main suspect &#8212; a graphic designer at the insurance company Skandia, Stig Engstr&#246;m, the &#8220;Skandia man&#8221;, presumed to have acted alone &#8212; had passed away.</p><p>This decision was later rejected by Senior Prosecutor Lennart Gun&#233;, who concluded that the evidence against Stig Engstr&#246;m was insufficient, without reopening the criminal case.</p><p><strong>The South African Connection to the Police Track</strong></p><p>For a foreign commando group to manage to carry out this kind of operation in a foreign country, strong local support is surely indispensable&#8212;that is, from people with good local knowledge who can take care of logistics, reconnaissance, surveillance, and the removal of traces. It is natural to assume that these are people with military or police backgrounds. As mentioned above the former agent Riian Stander informed that the hit-team got support from local people in Sweden who worked in a police squad with a female boss.</p><p>There is another noteworthy connection between Swedish police officers and South Africa, stemming from the fact that several officers from the Norrmalm police district in Stockholm made private trips to South Africa in the mid&#8209;1980s. This led to an internal investigation that also examined the presence of right&#8209;wing extremism within the police force, with particular focus on that very district.</p><p>.</p><p>The officers in question were invited to South Africa by the International Police Association (IPA) at a time when most international organizations were officially boycotting that country. In October 1996, some investigative journalists tried to obtain IPA&#8217;s guestbooks for the relevant period, but unfortunately it turned out that all the guestbooks had been destroyed. The only registers that remained were from after 1989.</p><p>In the tabloid <em>Expressen</em> in October 1996, during the peak of the South African revelations, silhouettes of no fewer than ten Swedes&#8212;mostly police officers&#8212;who had travelled privately to South Africa were published. Among them were the arms dealer and former Norrmalm police officer Carl&#8209;Gustaf &#214;stling, along with his fellow arms dealer, Major Grundborg. It may be worthwhile to elaborate on &#214;stling, who has often been regarded as a pivotal figure in the Palme case.</p><p>During a search of &#214;stling&#8217;s home by the customs crime unit in connection with the so&#8209;called Ebbe Carlsson affair, documents were found showing that his company had conducted business with several South African firms. In the subsequent trial, &#214;stling confirmed that he had listed the South African Legation in Stockholm as the client for a particular type of equipment. Investigators also found a large quantity of weapons and ammunition, including Winchester Magnum Metal Piercing rounds&#8212;the same rare brand as the two bullets recovered from the crime scene&#8212;as well as maps of Stockholm&#8217;s telephone network and photographs showing &#214;stling giving Hitler salutes at various locations in Europe.</p><p>It was none other than &#214;stling who procured the surveillance equipment ordered by private investigator Ebbe Carlsson, who was working in tandem with the dismissed head of the Palme investigation, Hans Holm&#233;r, to contiune with the PKK track. The equipment was subsequently seized by customs in Helsingborg in June 1988 &#8212; the starting point of a major national scandal.</p><p>It is also often mentioned in this context that &#214;stling and his colleague had access to premises on David Bagares gata, along the killer&#8217;s escape route, and that &#214;stling, against doctors&#8217; advice, left the hospital S&#246;dersjukhuset, where he had been hospitalized for an appendectomy, on the night of the murder.</p><p>Returning to the <em>Expressen</em> article from October 1996, it stated the following about the other police officers who had visited South Africa and taken part in joint exercises with South African police forces::</p><ul><li><p><em>38&#8209;year&#8209;old police officer&#8230; In the early 1980s he belonged to [the police squad] the Baseball League.&#8221; Worked inside duty and coordinated operations on the night Palme was murdered.</em></p></li><li><p><em>The right&#8209;wing extremist. The person who built up the group within the Stockholm police. Helped to found [the right-wing] Demokratisk Allians in 1967.</em></p></li><li><p><em>The police inspector. Organized fascist meetings in the early 1980s&#8230; On the night of the murder he phoned a superior at the Norrmalm police and shouted: &#8220;At last! Now the bastard is dead!&#8221;</em></p></li><li><p><em>55&#8209;year&#8209;old police officer. A superior who, the day after the murder, raised a toast to the murder together with colleagues on the A&#8209;shift at the Norrmalm police.</em></p></li><li><p><em>40&#8209;year&#8209;old police officer. Member of the Baseball League. Three witnesses stated that they saw him near the crime scene&#8230; His partner is the only person who provides him with an alibi.</em></p></li><li><p><em>39&#8209;year&#8209;old police officer. Member of the Baseball League. Seen boarding bus 43 at [the street] Eriksbergsgatan shortly after the murder. In his home in 1987 several Nazi symbols were found. Lacks an alibi.</em></p></li></ul><p>Comment: This was in connection with a water leak in his apartment in the Stockholm suburb Traneberg, when what some believe to have been surveillance equipment was also discovered in a cupboard.</p><p>Furthermore:</p><ul><li><p><em>37&#8209;year&#8209;old police officer. Has his background in the Baseball League. Avowed right&#8209;wing extremist. Driver of patrol car 1520, seen on David Bagares gata shortly after the murder.</em></p></li><li><p><em>The police commissioner. Superior in patrol car 1520. Meets a witness and learns the direction in which the killer ran. Fails to pass the information on to the command center.</em></p></li><li><p><em>43&#8209;year&#8209;old police officer. Before the murder he is located only a few hundred meters from the crime scene. The reason is said to be that one of the officers was going to move his incorrectly parked car.</em></p></li><li><p><em>40&#8209;year&#8209;old police officer. States that he moved his incorrectly parked car. Had access to an address on Regeringsgatan, at the corner of David Bagares gata. Joined the pursuit of the killer&#8230;</em></p></li></ul><p><em>Comment:</em> The last four police officers belonged to two of the three police units whose activities, in various ways, seem peculiar&#8212;especially if police commissioner G&#246;sta S&#246;derstr&#246;m&#8217;s time indications are correct. S&#246;derstr&#246;m, who was in charge of the initial investigations at the crime scene, has claimed that these three police vehicles received targeted alerts from the command center and thus got information of the murder up to six minutes before the area&#8209;wide alert was sent out to all police vehicles in the city.<br>The police commissioner in 1520 has said that after the alert they turned into the streets Regeringsgatan and David Bagares gata to &#8220;block the killer&#8217;s escape route,&#8221; even though at that time they could not know which direction he had taken.<br>The police van 3230 from the district of S&#246;dermalm, 3230, thus left its own district to repark a car on a parallel street where they were when the shots were fired down on Sveav&#228;gen. After the alert they went directly to the crime scene, arriving ten seconds after the S&#246;derstr&#246;m&#8217;s car 2520, after which they began the chase after the killer.<br>Another, perhaps troublesome, circumstance is that their colleague, ordinarily serving in this tactical unit, was temporarily working at the command center at the time of the murder and was the operator who received the first alert about the incident from J&#228;rf&#228;lla Taxi and who, through various omissions, delayed the alert and subsequently gave the assassin far too great a head start. Contrary to regulations, for example, he terminated the call with J&#228;rf&#228;lla Taxi and did not call an ambulance.</p><p>It can be added that this investigative article was never followed up by Swedish mainstream medias. The lid was put on!</p><p><strong>A Top-secret Stay-behind Operation in Stockholm?</strong></p><p>One can ask whether all this is pure coincidence or whether there is any substance to the information presented in this essay. According to the former Palme prosecutor Jan Danielsson, there is <em>nothing </em>to indicate that there was any kind of conspiracy. This assessment disregards the numerous observations &#8211; about 80 &#8212; from people who have seen men talking on walkie&#8209;talkies in the relevant evening. A closer study of these reveals that they form a pattern that coincides with the Palmes&#8217; walk from their home in the Old Town, their metro ride to the station R&#229;dmansgatan, and then their walk to and from the GRAND cinema on Sveav&#228;gen.</p><p>In this context, it should be pointed out, that a special investigative unit within the Swedish Security Service (S&#228;po) had already concluded in April 1986 that Palme had been under surveillance both before and during the night of the murder. The S&#228;po group had reviewed more than 1,000 witness interviews, which led to a final report was not registered in the Palme investigation until 1989. The investigation&#8217;s chief, Hans &#214;lvebro&#8212;who attempted to have a drug addict convicted of the murder&#8212;used to dismiss all witness statements describing men with walkie&#8209;talkies as &#8216;pure fantasies&#8217;.</p><p>In recent years, however, it has emerged that on the evening of 28 February 1986, an exercise simulating a coup attempt was carried out in central Stockholm under police and military command &#8212; something that has never been officially confirmed.</p><p>A dress rehearsal for this exercise is said to have been tested in great secrecy a few years earlier, together with (among others) police officers from the police district of Norrmalm in Central Stockholm.</p><p>The covert military exercise, named &#8220;Exercise Gustaf&#8221;, started in the week of the murder, 24&#8211;28 February 1986, on the island of Gotland, involving paratroopers from the military base of Karlsborg. The exercise scenario involved the elimination of key Swedish information&#8209;carriers in the event of a foreign occupation. At midday on Friday 28 February, the participants left Gotland and flew to Stockholm. It remains unclear how these men travelled home from Stockholm.<br>One version holds that they were flown from Arlanda to S&#229;ten&#228;s aboard one of the armed forces&#8217; aircrafts. In the War Archives, documentation is kept for all military flights of that kind.<br><em>But for 1986, all sheets are present &#8212; except one: </em>the sheet covering 27 February to 2 March is missing!</p><p>There is also a report by Tore Forsberg, who in 1986 was the head of the counter&#8209;espionage unit&#8217;s Russia section, that there was an operation called <em>&#8220;Cosi fan tutte&#8221; </em>that took place on 28 February 1986 &#8212; the very night Olof Palme was murdered. What this operation actually was about is still rather unclear. One line of inquiry concerns the Stay Behind organization, i.e. the secret army linked to NATO, and the so&#8209;called Barbro Group &#8212; which, according to witness statements, conducted a surveillance operation in central Stockholm on the night of the murder.</p><p>The Barbro Group was reportedly led by a woman. It is possible that she was the person whom the agent Riian Stander mentioned as the tracker of a police squad that assisted the hit team.</p><p>Was it really a coincidence that these covert operations unfolded on the very night Olof Palme was assassinated, or is it conceivable that the elimination of the prime minister was an exercise scenario that a hit team decided to execute for real?</p><p><strong>Concluding Remarks</strong></p><p>A frequently raised objection to the idea of a conspiracy involving many participants is that at least one of them would be tempted by the 50&#8209;million&#8209;krona reward and leak information to the police or the media. This assumes, however, that a perpetrator would actually be convicted in a court of law, and that the official Palme investigation was led by competent individuals with a genuine intention of uncovering the truth. Anyone who nevertheless dared to break their vow of silence would far more likely be putting their own life in danger.</p><p>The Palme assassination is not unique. History shows many examples of political murders that were the result of some form of conspiracy. And if one examines the murky Iran&#8211;Contra affair more closely, one finds a series of other strange deaths&#8212;arms dealers, politicians, and others&#8212;that can be associated with it. At least two of these occurred in Sweden: the young journalist Cats Falck, who believed she was about to receive the grand journalism prize for her yet&#8209;unpublished reports on arms smuggling before she, together with her friend, in 1984 drowned in a car that slid of the edge of the quay in the Hammarby harbour; and the arms&#8209;control inspector Carl Fredrik Algernon, who was on his way to testify in the Bofors investigation, but who is alleged to have taken his own life by jumping in front of an incoming metro train in January 1987.</p><p>There are thus several international tracks in the Palme investigation, as well as several conceivable motives and perpetrators. In some cases, it could presumably be a matter of disinformation or deliberately planted false trails. All this can interact in various ways&#8212;but need not do so. By its nature, it is very difficult to have this type of information confirmed, which makes it hard to prove anything.</p><p>Therefore, in connection with the 40th anniversary of the assassination, a network called <em>Palmemordet 40</em> has been working to mobilize public support for a truth commission with a strong mandate to question individuals under oath and to access the previously sealed archives of the state intelligence services. An appeal, which continues to gain new signatories, is available in English (as well as several other languages) under the title <a href="https://palmemordet40.se/en/">Palme assassination 40 years &#8211; Appeal about a Truth Commission</a>.</p><p>The appeal has been submitted to both Parliament and the Government.</p><p>I do not claim that all the information I have presented in this extensive has anything to do with the Palme murder. But if, for example, it were true that it was ordered at the highest level in the world&#8217;s most powerful nation, one understands the impossibility of the Palme group&#8217;s task. Still, we must hope that sooner or later we will get the final answer. Until then, I consider this attempt at a solution&#8212;that is, the hypothesis of a grand&#8209;political conspiracy, concealed in what might be called &#8220;the national interest&#8221;&#8212;to be more reasonable than the theory that the country&#8217;s Prime Minister fell victim to a lone madman.</p>]]></content:encoded></item><item><title><![CDATA[A brief history of Ivar Kreuger - the Match King]]></title><description><![CDATA[The Swedish industrialist and financier. Was he a swindler who committed suicide or was he killed by a conspiracy of mighty powers?]]></description><link>https://henrysoderstrom.substack.com/p/a-brief-history-of-ivar-kreuger-the</link><guid isPermaLink="false">https://henrysoderstrom.substack.com/p/a-brief-history-of-ivar-kreuger-the</guid><dc:creator><![CDATA[Henry Söderström]]></dc:creator><pubDate>Sun, 07 Jan 2024 04:43:02 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!NyCR!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F609709b7-36cf-403d-bd39-2f5f4459b6d8_1242x1242.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><strong>THE HISTORY OF IVAR KREUGER</strong><br><br>Ivar Kreuger was born in the year of 1880 in the town Kalmar. Ivar was the oldest son in a family consisting of two sons and four daughters. In Kalmar his grand father had built up two match factories. His father, Ernst August, was also a Russian consul in Kalmar.<br><br>In his early childhood he distinguished himself as a calm, pleasant and obedient child, with an early life-long passion for flowers. In his youth he revealed an extraordinary combination of both shyness and courage, which made him popular among his school-fellows, especially the girls. Self-discipline and a kind of curiosity which sometimes could show itself in a lust for experimenting was also typical for the young Ivar Kreuger, who could be lazy as well when he found something boring repetition.<br><br>He passed his schooldays without much effort with fairly good remarks. In highschool his best subjects were maths and natural sciences, but he was also good at history - something which later on found expression in his reading numerous biographies and memoirs.<br><br>Adversaries of Kreuger have not very convincingly tried to find criminal tendencies both in his schooldays and later, when he was studying at the College of Technology in Stockholm. The kinds of "bluffing" which they discovered could also be interpreted as a smart study technique, coherent with the sensible method of achieving the best possible result from the least possible effort. One example from his late studies in Stockholm: the task was to make a sketch for a steam engine. Simply copying someone else's sketch would have been easily discovered by the teacher. Therefore he borrowed the cylinder from one of his fellow-students' sketches and combined it with the butt from another one. Knowing that the teacher would not examine such details, whether they would fit together, he passed through.<br><br>At the same tame he could sometimes reveal astonishing knowledge in some technical matters in which he was interested and it often happened that he amazed his fellow-students with his unusual ideas - also when it came to his often critical opinions about the professors and there teaching methods.<br><br>He remained, though, somewhat reserved all through his life, which later on bestowed upon him an aura of mysteriousness; "The Silent One" he was called already during his college days.<br><br>When IK was nearly 20 years old he acquired his degree as a civil engineer, of which he, indeed, was very proud. (He never adressed himself with something else, like Director or President, which is one more example of his lack of pomposity and superciliousness).<br><br>After graduation in 1889 he wanted to "see the world" and left for the U.S.A. with less than 100 dollars in his pocket, something that quickly forced him to seek work. He managed to get one as an estate agent (land speculator) in Chicago, where he after three weeks of awesome effort finally earned his first money, which was $50.<br><br>But he did not stay long in that business and left with the aim of acquiring new skills in his own profession as a building and constructing engineer. However for a short while he worked as a lineman on a railway building, then he signed a contract as a bridge constructor in Vera Cruz, Mexico.<br><br>From that time we have a legend which tells us that IK in the harbour of New Orleans bravely rescued a little girl from drowning - something which granted him a medal with the inscription "Only a hero will give his life for others".<br><br>The stay in Mexico did not last long. He had to return to New York due to the yellow fever, the after-effects of which, back in Sweden, liberated him from the military service. Having recovered from the disease IK for a couple of months worked at his father's and uncle's match factory in M&#246;nster&#229;s.<br><br>It is said that Ivar Kreuger was really in love only once in his life; he had during his study period in Stockholm made acquaintance with a young Norwegian girl, and had even tried to convince her guardian in Drammen that he would be a good husband for the girl. This attempt was not so successful; he had to wait, because a young civil engineer without a fortune was in the eyes of the guardian a doubtful candidate for marriage.<br><br>Suffering from the aftermath of the yellow fever an eye decease temporarily occurred, which made him think he was going to be blind. He wouldn't like his young lady to pass her days as the wife of a blind man, and wrote a letter to her, stating that he didn't love her any more. But when he eventually recovered he couldn't forget her and made an attempt to re-establish their relationship. His sister went to Drammen and talked to the girl, who turned out to have been so distressed by his breaking off of the engagement that she told his sister that in that very moment her feelings for him died forever.<br><br>When IK some years later got the news of the too early death of his young lady he is supposed to have been crying in his bed - the only time he is seen to have expressed some deeper emotions.<br><br>He remained a bachelor, content with temporary relations. He said he wouldn't have time enough to raise a family.<br><br>In 1901 he went back to New York, where he again had some occasional jobs, until the moment when he found something challenging enough to have him stay for three years. That was in a building and construction firm, specialising in building skyscrapers - a job which really got his full attention. Once he noticed that something obviously was wrong with the calculations on the strength of material of the entrance and he proved it to the Director, who then had the sketch rewritten.<br><br>IK soon gained reputation as a specialist in steel and concrete constructions and took an active part in building a lot of buildings both in the U.S.A. and in Europe.<br><br>In 1904 he was asked by a London company to participate in a skyscraper project in Johannesburg - the Carlton Hotel. He accepted, but when the project for some reason was stopped for a while IK had to find something else in South Africa. At that time he and a friend of his made an investment, buying a small restaurant, which IK managed to run with good result, but his impatience sent him to India, then via Egypt to Paris and in June 1905 he was back in the U.S.A. where he, however, failed to repeat the previous success in the restaurant business and returned to building and construction. For the time being the building technique using reinforced concrete was beginning to gain ground and IK soon realized the advantages of this new method and started to implement it. But before that he had made acquaintance with the inventor of that method, Julius Kahn, and presented to him his concept of how to introduce this "Kahn-iron" in Europe. Kahn was impressed by the intellectual capacity of this young man and liked his brave and fresh ideas.<br><br>In the London office of Kahn's company IK found out that another young Swedish engineer had asked about the permission to become its agent in Sweden. Ivar Kreuger, now a 28-year old cosmopolitan, got in touch with this man, who turned out to be Paul Toll, two years younger than him. Their meeting in Stockholm almost immediately led to the decision to co-operate. That was the birth of "Kreuger &amp; Toll", which was started with a modest start capital - money from Kahn's Detroit company and a loan from Ilk's father. In spite of Paul Toll not contributing any money to the firm, they decided to share the profits equally.<br><br>The first period for K&amp;T was a difficult one: they had to overcome both the usual resistance when it comes to introducing something new and a lack of working capital.<br><br>The real break-through occurred in the following year, 1909: the first building in the centre of Stockholm with the signature of Kreuger&amp;Toll - a new chapter in Swedish building history opened. In connection with this project an illustrative story can be told, bearing witness to ilk's successful approach to business: a paragraph in the contract stipulated that fees of 5000 kronor be paid for each day of delay. Kreuger suggested that, similarly, a premium of the same size be given for each day they would catch up to the day of delivery. The future owners of the house gladly accepted this bid, hoping that this was something impossible to achieve. Kreuger, consequently , set up tarpaulins around the building, the builders were working in two shifts and IK even invented a special heating system to keep the workers warm during the cold winter. In spite of some neighbours' complaints to the Police authorities about unbearable noise - especially at nights - from the working site, the building was finished as much as two months before the contracted date.<br><br>Kreuger &amp; Toll participated in the construction of many major projects in Sweden: the famous Stadion and the Town Hall in Stockholm are two good examples of the competence of the firm of the two young engineers, which quickly grew and even expanded over its nation's borders; daughter companies were established in a number of European cities, including St. Petersburg in pre-Revolutionary Russia.<br><br>In 1911 K&amp;T was transformed into a joint stock company with an impressive capital of 1 Million Swedish kronor. In 1915 Kreuger founded the real estate company "Hufvudstaden", which quickly developed into one of the biggest real estate companies in Scandinavia and also an important contractor of Kreuger &amp; Toll.<br><br>At that time the building business had in fact gone over to the supervision of Paul Toll, who after the so called "Kreuger crash" continued business under a new name, having omitted the then slandered name of its dethroned cofounder. Before that happened AB Kreuger &amp; Toll underwent a period of unprecedented growth and became something similar to a World Bank.<br><br>When Ivar Kreuger was asked by a group of banks, whether he could organise a merger of the match factories in his hometown Kalmar and nearby, he was already a wealthy man, well established as a building engineer and was probably going to be offered a carrier as Director of the Mortgage bank.<br><br>His four years younger brother, Torsten, who like his brother was an engineer with financial capabilities, had already refused to do the job and dissuaded his brother to accept this offering.<br><br>However he finally did accept, and 1913 AB F&#246;renade Svenska T&#228;ndsticksfabriker (United Swedish Match Factories) was formed. Ivar Kreuger rationalised the companies, squeezing costs, raising the quality etc. But he also discovered that something had to be done in the field of marketing and, secretly, started to buy one after another of the most important selling companies in the branch, which soon enabled the Kalmar-trust to outmanoeuvre its biggest competitor in Sweden, the match industry of J&#246;nk&#246;ping.<br><br>In 1917 the Swedish Match Company (STAB) was eventually founded as a merger of the two match trusts of Kalmar and J&#246;nk&#246;ping and Ivar Kreuger was chosen Managing Director. He used the First World War experience to create what is called vertical integration and STAB soon controlled the whole chain of production and marketing of this little product - the safety match. The process of achieving a world-wide monopoly had started. That was not an easy thing, but in accordance with this vision of its Managing Director STAB began its enormous expansion.<br><br>One important episode in this process was the founding of "International Match Corporation" (IMC) in the U.S.A., to which IK moved a great part of STAB's foreign assets, with a share capital of 28 Million Dollars. This historic event took place in 1923.<br><br>Kreuger &amp; Toll was still the principle company, functioning as the tool with which Kreuger financed not only the expansion of the match industry, but also a lot of other industrial and real estate investments.<br><br>In 1925-26 the concern developed to become one of the biggest investment companies of the World.<br><br>It was Torsten Kreuger who in Poland in 1925 managed to create a match monopoly with the participation of the Polish state. This agreement set a model to all of the monopoly arrangements which were to come: long term hard currency loans on reasonable conditions for the nation in question in return for monopoly rights on the production and marketing of safety matches.<br><br>Thus, in this way K&amp;T got interest bearing state bonds and was, at the same time, thanks to the monopoly agreement on matches, insured against inflation, because the prices of the products in question could easily be adjusted.<br><br>In order to finance these substantial transactions the Kreuger companies issued large quantities of mainly B-stocks (a financial instrument, introduced by IK, with less voting rights than the A-stock) and so called participating debentures, which became very popular in the world's stock markets of the twenties and even remained so after the occurrences of Wall Street in 1929.<br><br>The capital was mainly from the U.S.A. and was placed in good securities like state bonds and sound industrial objects. In the beginning the match industry was, of course, the most important one, but Ivar Kreuger had also discovered the potentials of other Swedish key industries like telephones, forests, mining and so on. IK had towards the end of his life started to turn his attention more and more to achieve telephone concessions all over the world, using the control over the well-known Swedish telephone company LM Ericsson.<br><br>The accusations of Kreuger's creating fictitious assets are false. It was quite the reverse: many assets were undervalued and so-called `Goodwill&#180; was not used at all in the accountancy.<br><br>But, no doubt, it was not an easy thing to achieve these monopolies; everything in connection with the negotiation, which in some countries meant giving bribes, had to be kept very secret in order to raise these huge amounts of money. The recession after 1929 made things much more difficult.<br><br>Among all the state loans that were given by K&amp;T, the French loan of 1927 is the most renowned one, due to its complete success for both parties involved. In order to stabilize its economy and thus save it from hyper-inflation France turned to the financial markets of the World, but the only sources which in spite of the prevailing distrust to French politics of that time could offer a loan of that size - $75 000 000 - was the Morgan group, based in the U.S.A. and Kreuger &amp; Toll.<br><br>The loan was finally granted by Kreuger at an annual interest rate of the state bonds of merely 5%, which was more reasonable than the 8% demanded by the Americans. In traditional Kreuger manner the whole deal was tied up to an agreement in the match industry, though in France IK was not able to create a monopoly. It is also interesting to note that K&amp;T in its turn could achieve better credit agreements on the world's financial markets.<br><br>The French economy quickly stabilized after this and the loan could be returned completely already in 1930, with a profit of $ 30 000 000 - money badly needed to finance K&amp;T's biggest obligation ever, which was the loan to Germany of $125 000 000.<br><br>It might have been a mere coincidence, but the day after K&amp;T's announcement of its issuing this German loan "Black Friday" occurred on Wall Street, 28 October 1929. However, that did not break the confidence of Kreuger's company which was going to be very active until the forced crash in 1932.<br><br>When Kreuger's match empire had reached its greatest size it enclosed as many as 250 plants in 43 countries and controlled 80-85% of the market. One of the biggest obstacles on the way to a world monopoly was the Soviet Union.<br><br>Although Ivar Kreuger had pursued a number of negotiations with the Soviets the result was not the desired one. I K was simply not willing to co-operate on the terms offered by the Soviet negotiators, which would have meant unjust methods like dumping. Kreuger in his turn is said to have demanded the Soviets to pay back all of the debts of the previous regime, but they strongly refused to do this.<br><br>An issue which, like many other things about this period, has not been researched properly, is the contents of the negotiations between I K and the Soviets, taking place in the Italian town Nice in April 1928: Ivar Kreuger is supposed to have offered in the name of a financial syndicate a state loan to the Soviet Union of an unprecedented kind - 1 Billion Dollars! The financial syndicate in question, led by I K, would in turn be given monopoly rights not only on matches, but on other products like tobacco as well, combined with the right to exploit mines.<br><br>The Soviet ambassador in London, Krasin, who represented the Soviet Union in these negotiations, then suddenly died under mysterious circumstances and the whole thing came to nothing, but if this transaction had been executed history would surely have looked different, enabling a smooth transition of the Soviet economy, which was in a state of vacuum after the experiment of NEP had failed. The change of system that did occur at this time was, though, another one: Stalin was going create a state controlled planned economy in accordance with his theory of "socialism in one country". Stalin said of Ivar Kreuger that was not in the interests of the Soviet Union to encourage this man, whom he found "dangerous".<br><br>Therefore every new monopoly agreement with Kreuger was seen by the Soviet politicians as a thorn in the flesh - both politically and economically, and they, consequently, sought to thwart Kreuger's plans by means of dumping their own low quality matches and even spreading false rumours and foul slander, often in collusion with some of their fellow-travellers in Western Europe.<br><br>The German monopoly is the best example of this; for the Soviets this achievement of Kreuger meant that its most important export market disappeared at the same time as the Kreuger money led to a certain degree of economic stabilisation, which in its turn made things more difficult for a red revolution in the country.<br><br>In this connection it is interesting to note that there was a secret co-operation between the Kremlin and Kreuger's financial competitors and antagonists in the West. Some people talk about a conspiracy, which is something that needs to be investigated more thoroughly.<br><br>In the world's stock markets there was indeed a great deal of "bear" operations against Kreuger's companies. These actions were sometimes co-ordinated with the aim of pressing down the prices of shares in the Kreuger companies, thus obstructing I K's attempts to raise money for the many commitments of K&amp;T. This was achieved with very risky methods and in some cases even by criminal means.<br><br>In the light of Kreuger's own secret operations on the stock markets, making supporting purchases of K&amp;T's papers, "blanking" operations were particularly dangerous, because when the delivery of the shares or debentures in question were going to take place, the speculators would have been forced to buy from for example Kreuger himself, who would have set the actual prices. This is called "a bear squeeze", and in the year of 1932 it would have been a really successful one if Ivar Kreuger had not been killed.<br><br>In the end of March 1932, that is a couple of weeks after the death of Ivar Kreuger, a Swedish banker, A.W.H&#246;gman, paid a visit to Torsten Kreuger and informed him that he had some evidence proving that a big banking firm, Banque Daniel Dreyfus &amp; Co, in Paris, had created a substantial decline of Kreuger papers by criminal means. Mr H&#246;gman had in the name of his firm in the Paris bank deposed as a security for a loan a big parcel of participating debentures in K&amp;T, which in their turn illegally had been placed on the stock exchanges of Paris and New York, thus having made it more difficult for I K to raise money for K&amp;T in the U.S.A. Mr H&#246;gman started a process against Banque Daniel Dreyfus &amp; Co, but after having seen his own debts by the bank disappear just like that he suddenly took back his accusations. The prosecutor, though, continued with the case and sued some of those responsible, but it was never disclosed on whose orders these decoys had acted. It has been stated by suspicious minds that this Paris bank had an intimate kind of co-operation with Stockholms Enskilda Bank, the bank of Kreuger's mighty competitors, the Wallenbergs.<br><br>Towards the end of his life I K also discovered that even some of his trusted fellow-workers had been engaged in criminal activities of this kind.<br><br>In the autumn of 1931 the situation of K&amp;T became difficult: some states had proclaimed a moratorium on all their foreign debts, the stock markets, especially the one in New York were, literally, flooded by Kreuger papers, which led to decreasing prices of shares and debentures and other unforeseen expenses. At the same time I K was bound to fulfil the commitments of the concern. He was very eager to maintain the good reputation of both himself and his companies.<br><br>In December he went to New York in order to pursue discussions with his partners in the American banking firm, Lee, Higginson &amp; Co, in the first place about the take-over of the Swedish mine of Boliden.<br><br>In January he was interviewed by the American press and had a meeting with the American President, Herbert Hoover, to whom he expressed his views about the international economic situation and the relations between the U.S.A. and Europe. He was a proponent of free trade, free movement of capital and stable currencies. The "Kreuger plan" consisted of his dream of developing his world company, which would, he believed, to a large extent help statesmen and politicians prevent wars and spread well-fare all over the World.<br><br>During his stay in New York this time I K was struck by two set-backs: firstly in Sweden and then abroad disinformation was being spread about the Boliden mine, claiming it was worthless and, secondly, the co-operation in the telephone industry between LM Ericsson and the American company "ITT", partly owned by the Morgan group, reached a dead end and Morgans wanted I K to pay back their investment in LM Ericsson, $11 000 000. Immediately!<br><br>Kreuger was at this time helped by the Swedish Prime Minister, C.G.Ekman, who got the Central Bank of Sweden (Riksbanken) to take part in a bank consortium in order to save K&amp;T from a liquidity crises. I K, in his turn, managed to get a half year prolongation from ITT.<br><br>When Ivar Kreuger after this tough fight in America returned to Europe, on the ship "Ile de France" the worst problems were overcome and on the voyage I K acted as usual, showing no signs of mental distress. He was in good spirits and positive about the future, which he also some days later in Paris expressed to his brother in a phone call.<br><br>On March 11 I K was met in the harbour by his friend and right-hand man, Krister Littorin. From 2 o'clock there was a meeting with some of their co-workers, who were anxious to find out as much as possible about the financial position of the concern. It was during this meeting I K was accused of lying about the Italian bonds, stating that the papers lying in his private safe were real. In this case I K must have meant that they indeed represented real expenses to the Italian government, but the whole thing was connected to the Italian match monopoly, which was going to be ready and announced within 20 days.<br><br>So I K could remain calm, knowing that substantial assets soon would be liberated, both through the Italian match monopoly and the Boliden mine.<br><br>At 4 o'clock there was another meeting at Hotel Meurice with Littorin and the Swedish Banker Oscar Rydbeck. They decided to meet again the following day at 11 o'clock. Rydbeck later on claimed that Kreuger and Littorin left him not before 6 o'clock.<br><br>That is important, because sometime between 4 and 5 this very afternoon a man entered a weapon shop in Paris and bought a hand-gun in the name of Ivar Kreuger, which he carefully wrote on a form in the shop. He even asked about simple things like how the gun, a Browning, was to be loaded, obviously not knowing that Ivar Kreuger in fact was very good at weapons.<br><br>After this purchase this man returns to Avenue Victor Emanuel III No 5, probably to the empty apartment below Ivar Kreuger's. The wife of the janitor confused him with Mr Kreuger -"the engineer" - which also was going to happen a second time, on the next day, after the murder of Ivar Kreuger.<br><br>Before Miss B&#246;kman, Kreuger's private secretary, went out that Saturday, March 12, she reminded him of the meeting which was supposed to take place at 11 o'clock.<br><br>When she and Krister Littorin eventually came to the flat at 1 o'clock, they saw Ivar Kreuger, lying in his bed with a gun in his left hand. Littorin was immediately convinced that his friend had been murdered, but Miss B&#246;kman said at the Police station that Ivar Kreuger had committed suicide. The Police in Paris were busy this day, during the funeral of the French statesman Briand, and accepted this version and did not bother to perform a proper investigation at the scene of crime.<br><br>An array of facts clearly indicates that Ivar Kreuger was murdered and that it was arranged as if he had shot himself.<br><br>The financial markets of the World were in a state of shock at the news of Ivar Kreuger's death. The stock exchange in Stockholm was closed for a week and the government announced a moratorium for K&amp;T.<br><br>But already on the day after the shot in Paris, on a Sunday, a young lawyer, Hugo Stenbeck, visited the Director of K&amp;T, Erik Sj&#246;str&#246;m, and offered skilful experts on law to help to clear up the situation. Stenbeck had been working for the SEB and the Wallenberg family and it was obviously they who held the reins even this time.<br><br>On March 16 Hugo Stenbeck went up to the Minister of Finance, Felix Hamrin, alleging falsely that the board of K&amp;T had set up a commission to investigate the affairs of the concern and that the members of the commission were already chosen, as if it was an accepted fact. Somewhat later on the same day Stenbeck paid a visit to two of board members of K&amp;T, this time stating that it was the government which had appointed this commission. The board members negatively reacted on the choice of the commission's members: apart from Martin Fear from Riksbanken there were only representatives of other banks, apart from the one of Kreuger's companies, Skandinaviska Banken.<br><br>The commission was in the beginning financed by one of these, i.e. the Stockholms Enskilda Bank, which was heavily represented in the commission by Jakob Wallenberg.<br><br>This self-elected commission soon took the name "The Royal Commission" and, in spite of the protests of K&amp;T's board members, who were efficiently outmanoeuvred, the commission soon cunningly was able to control the course of events in the light of the prevailing panic in Sweden at that time.<br><br>On March 18 the two young lawyers Stenbeck and his colleague Ohls&#233;n met Miss B&#246;kman and in the name of the "Royal Commission" broke the seals of Kreuger's belongings from Paris and got hold of important documents and even Ivar Kreuger's diaries, some of which later on were burnt.<br><br>The same day the "Royal Commission" declared that the board of K&amp;T not longer had the right to make any decisions and that its employees be dismissed, which clearly indicates that the purpose was not the reconstruction of the concern, but its bankruptcy and the following partition of the enormous assets in Aktiebolaget Kreuger &amp; Toll.<br><br>On March 23 the commission summoned the firm of auditors Price, Waterhouse &amp; Cie in Paris and its representative Mr E.Seatree. (That was indeed a fine name, but the Paris firm, engaged and financed by SEB, had nothing but the name in common with the renowned firm in London.)<br><br>Only two days later the commission stated that that the financial position of the company would necessitate its bankruptcy, which was strongly supported by Mr Seatree in his report of April 4. This piece of news of course added a lot to the panic of the stock exchanges of the World.<br><br>On April 10 Mr Seatree delivered the next shock: the Italian bonds, the drafts of which had been found in Ivar Kreuger's private safe. Now his dethronement was complete. Not being able to defend himself Ivar Kreuger's reputation was blackened through the statement that he was about to have counterfeited Italian bonds of &#163;21 000 000. Mr Seatree, though was not sure about the currency in question, Liras or Pounds, but the whole thing was evident: Ivar Kreuger was a gigantic swindler!<br><br>This was trumpeted forth by the newspapers and shares of both the Swedish Match Company and LM Ericsson were sold for nearly nothing.<br><br>Public opinion wanted those responsible punished and a number of trials were later on held against Kreuger's "accomplices", who were convicted, imprisoned and forced to pay compensation.<br><br>The "Royal Commission" wanted the moratorium of K&amp;T revoked in order to declare it bankrupt, but the Prime Minister Ekman resisted this. A general meeting with shareholders in K&amp;T was held, which also strongly opposed bankruptcy and adjourned its meeting.<br><br>The commission then turned to one of the Directors of K&amp;T, the major Nils Ahlstr&#246;m, who, if I K had been alive, would have lost all his powers in the company and who had been provided with a kind of certificate that he did not understand anything of the company's affairs. This weak man was persuaded to sign the bankruptcy petition of Kreuger &amp; Toll, which was not judged by the Court whether it was reasonable or not, because it arose from the company itself.<br><br>Even Ivar Kreuger's estate and the American subsidiary IMC was quickly declared bankrupt, in the last case also at its own request; a debt of 5 Billion kronor to its mother company had been constructed - a debt of which only 0,2% later on became valid. Jacob Wallenberg even wanted STAB bankrupt. But the Wallenbergs could buy it cheaply anyway after the match monopoly had been broken into splinters.<br><br>The bankruptcy of these two holding companies were in fact not necessary at all. Serious investigations show that in May 1932 even the liquidity crisis was a thing of the past.<br><br>All of the subsidiaries were able to exist and flourish without any capital added at all from the new shareholders, who were able to buy them very cheap, partly due to heavy undervaluation by the official liquidators. One typical example will show this: the forest company SCA, founded by Kreuger in 1929 and to which K &amp; T over a couple of years paid as much as 100 Million kronor was valued to merely 4 Million kronor and sold for 360000 kronor including the take-over of the company's debts, which SCA itself was responsible for.<br><br>When it comes to the protection of the interests of the owners of shares and debentures of Kreuger &amp; Toll the procedure of the official liquidators was scandalous. Many people committed suicide after the "Kreuger crash". But, of course, there were winners, among which the Wallenberg dynasty, not surprisingly, gained most.<br><br>The Prime Minister Ekman, who was critical of the activities of "The Royal Commission" and had to resign from his post, after having lied about the reception of some money from Ivar Kreuger to support Ekman's liberal party during the election campaign.<br><br>The person who without doubt lost most from the "Kreuger crash" was Torsten Kreuger. He was selected as a scapegoat and was imprisoned for fraud on very dubious grounds. He had to pay big damages and was deprived of a great deal of his properties - even with illegal methods.<br><br>He was later on in his life engaged in a stubborn struggle, supported by many renowned men, many of whom were experts on law, to get a review of his case from the Supreme Court. But in vain: a review of this absurd sentence would have implied a great loss of prestige for Sweden as a law-abiding society.<br><br>It is about time to get rid of a couple of other delusions about how things have been arranged in this country since the Kreuger &#233;poque, during which Sweden was an economically great power thanks to the deeds of a great man with the name of Ivar Kreuger.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://henrysoderstrom.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Henry&#8217;s Substack! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Infringements of democratic rules in the cumbersome path to Swedish Nato membership]]></title><description><![CDATA[How the Swedish politicians trampled over the people.]]></description><link>https://henrysoderstrom.substack.com/p/infringements-of-democratic-rules</link><guid isPermaLink="false">https://henrysoderstrom.substack.com/p/infringements-of-democratic-rules</guid><dc:creator><![CDATA[Henry Söderström]]></dc:creator><pubDate>Tue, 26 Dec 2023 18:50:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!NyCR!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F609709b7-36cf-403d-bd39-2f5f4459b6d8_1242x1242.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>When it comes to the Swedish application to NATO, it is obvious that the Swedish politicians have infringed some of the most basic principles of democracy in their intention to join NATO as soon as possible. In this context, it would have been better that Sweden followed the Hungarian way of handling this matter, which necessitated a revision of the country&#8217;s constitution before it was finally decided to enter the alliance and, thus, give up a part of its national sovereignty.</p><p>In the case of Sweden&#8217;s NATO application, the Swedish government has circumvented the constitution that unequivocally states that Sweden can only join &#8220;international organizations for peaceful cooperation&#8221;, which under no circumstances can apply to a supranational military pact like NATO, by referring to paragraph 11:8, which allows the transfer of &#8220;administrative tasks&#8221; to international organizations. This means that the entire operation of the Swedish armed forces has been defined as a mere &#8220;administrative task&#8221; that is not regulated in the constitution.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://henrysoderstrom.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Henry&#8217;s Substack! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>Ulf &#214;berg, who since 2016 has been one of the high judges of the Court of justice of the European Union, stated in an op-ed on 26 July 2023in the Swedish daily &#8220;Dagens Nyheter&#8221;, that the transfer of the right of command of the armed forces to a foreign body, does require a change of the constitution, which in accordance with constitutional changes of all kinds implies that the Parliament &nbsp;approve this with a majority of the votes of the chamber on two occasions&nbsp; separated with an intermediate election to the Parliament.</p><p><a href="https://www.dn.se/debatt/sveriges-anslutning-till-nato-kraver-en-grundlagsandring/">&#8221;Sveriges anslutning till NATO kr&#228;ver en grundlags&#228;ndring&#8221; - DN.se</a></p><p>A more honest approach to this exceedingly important topic, would of course have been to perform a referendum, like it was done twice before in Swedish recent history with regard to EU. Sweden&#8217;s application to join the EU was preceded by a long process with public debates and political campaigning which culminated in a referendum, and the Swedish rejection to replace the national currency with the Euro was the result of a similar, truly democratic, process.</p><p>The former Swedish, Minister of Foreign Affairs, Ann Linde, explained on 28 April 2022 that a referendum about NATO membership is a bad proposal, whereas &#8220;The security policy should be decided by the government with support of the Parliament.&#8221;</p><p>The former Minister of Defence, Peter Hultqvist, who as late as late as in November 2021 had declared that he would not participate in a process to get Sweden into NATO, only half a year later changed his mind completely, which also counted for the former Prime minister Magdalena Andersson, who, by the way now has added that a formal membership in NATO would mean &#8220;opportunities for Swedish arms manufacturers&#8221; that can offer a lot of &#8220;good products&#8221; to the market.</p><p>It is no exaggeration that Swedish companies for a long time have been positive to Sweden joining NATO, since it is good for the business.</p><p>In this context, it is telling, that the Swedish chief negotiator to NATO, Oscar Stenstr&#246;m, in August 2023, before the process has been finalized, quit his job, and went to a new assignment in the finance group of the Wallenberg dynasty, that via it partial ownership of Saab represents a large chunk of the Swedish arms industry.</p><p>So, democratic rules of game were fundamentally infringed in connection with the important question to give up our history of more than 200 year of neutrality and freedom of alliance.</p><p>The real reason for the forced Swedish NATO membership was certainly not the risk of an upcoming Russian attack on Sweden, but more the fact that it was important to take advantage of the public opinion some weeks during the spring of 2022, shortly after Russia&#8217;s invasion of Ukraine, interleaved with massive anti-Russian sentiments.</p><p>When the board of the Social Democratic party on 16 May 2022 made its fateful decision about applying for NATO, it was based on only one opinion poll, with around 1 000 respondents (of a constituency of 7,78 Million people) showing a small majority for NATO.</p><p>Furthermore, it has later been announced by the Sweden&#8217;s commander of chief that we have the intention to enter NATO without reservations, which opens for placement of nuclear arms on Swedish soil.</p><p>In the beginning of December, an agreement was reached with the U.S. to allow the U.S. armed forces to have access to 17 military bases in Sweden and that Swedish jurisdiction shouldn&#8217;t apply to American soldiers - a decision that has been taken outside the framework of the NATO application process.</p><p>I think that regarding a matter of so a great importance for our country&#8217;s future, it is alarming that nearly all democratic procedures have been abandoned, which largely corresponds to the definition of a coup d'etat.</p><p>It is not to late to demand that this process should follow democratic rules, something that would be appropriate for Hungary and Turkey to propose for the Swedish delegations.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://henrysoderstrom.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Henry&#8217;s Substack! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Coming soon]]></title><description><![CDATA[This is Henry&#8217;s Substack.]]></description><link>https://henrysoderstrom.substack.com/p/coming-soon</link><guid isPermaLink="false">https://henrysoderstrom.substack.com/p/coming-soon</guid><dc:creator><![CDATA[Henry Söderström]]></dc:creator><pubDate>Sat, 23 Dec 2023 07:14:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!NyCR!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F609709b7-36cf-403d-bd39-2f5f4459b6d8_1242x1242.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This is Henry&#8217;s Substack.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://henrysoderstrom.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="https://henrysoderstrom.substack.com/subscribe?"><span>Subscribe now</span></a></p>]]></content:encoded></item></channel></rss>