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Timesuck with Dan Cummins

Short Suck #47: The Business Plot - When Bankers Tried to Topple the White House

Timesuck with Dan Cummins

Dan Cummins

Cults, True Crime, Adult Humor, Religion, Conspiracies, Society & Culture, Education, History, Conspiracy, Biographies, Comedy, Dark Humor

4.822.4K Ratings

🗓️ 12 December 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

In this Short Suck, we dive into the almost-forgotten story of The Business Plot - when a group of powerful bankers and corporate bigwigs allegedly tried to recruit one of America’s most decorated Marines, Smedley Butler, to lead a fascist coup against President Franklin D. Roosevelt. We’ll sift through testimony, shady alliances, and a very convenient death to ask: how close did the U.S. actually come to going full fascist in the 1930s?

Transcript

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0:00.0

In 1934, an astonishing and deeply disturbing claim reached the American media and through it

0:06.0

the American public. There had been a plot to overthrow U.S. President Franklin D. Roosevelt and

0:11.6

the U.S. government in general in favor of a fascist government backed by capitalist tycoons.

0:17.7

Supposedly hatched the previous year, the claims of the conspiracy came from a very

0:21.9

conspicuous and reliable source. Major General Smedley Butler, one of the most decorated war heroes

0:28.4

of his time, a man who had spent 33 years in service of the Marines. The Major General had fought

0:34.8

in almost every conflict of the late 19th and early 20th century.

0:38.9

He was a dashing hero, praised by the likes of Theodore Roosevelt, a devout Quaker, and he'd been awarded with so many medals, you could probably hear the dude coming from a mile away if you wore all of them at once.

0:50.8

In his post-Marine's career, he had spent time advocating for veterans.

0:55.0

In other words, he was about as legit as you could get for a source.

0:59.1

And when he made this very serious accusation, the media collectively laughed.

1:05.1

A conglomerate of prominent business owners wanting to seize power from FDR,

1:09.1

the man who favored policies that curb outsized corporate

1:12.3

influence? Ridiculous? Absurd. Hogwash. Poppycock. Baldor dash. Why would they do that? What motive

1:20.6

could they possibly have? Profits? Get out of here. But Smedley knew a coup when he saw one. This all sounded awfully familiar because he had made a

1:30.9

career of promoting American influence in other countries, dooming entire nations to decades under

1:36.4

dictatorship so American business interests could get what they wanted quickly and cheaply. Smedley had

1:41.9

firsthand experience with the conspirators side. The question was,

1:46.8

how well would he do on the other side? Could he stop the conspiracy if indeed there was one

1:51.6

to storm the White House and overthrow FDR? Words and ideas can change the world. I hated her,

1:59.4

but I wanted to love my mother.

2:00.8

I have a dream.

...

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