Decades after the fall of the Third Reich, the financial tendrils of Nazi evil continue to surface, demanding reckoning. A yearslong probe into Credit Suisse’s archives has now identified 890 accounts linked to the Nazi regime, including previously undisclosed wartime holdings for the German Foreign Office—which orchestrated deportations to concentration camps—a German arms manufacturer fueling the war machine, and even the economic arm of the notorious SS paramilitary force.
Senator Chuck Grassley, the Iowa Republican chairing the Senate Judiciary Committee, laid out these findings on Tuesday, ahead of a pivotal hearing that promises to drag long-buried truths into the light.
The investigation, spearheaded by former U.S. prosecutor Neil Barofsky since Credit Suisse’s collapse and subsequent acquisition by UBS in 2023, goes beyond surface-level disclosures. Barofsky’s team, pouring over historical records, uncovered evidence that the bank’s relationships with the SS were far more extensive than historians had previously documented.
One account belonged to an SS officer managing funds for the group’s economic operations, which profited from slave labor and plundered assets. Additionally, the probe revealed instances of forced transfers, where Jewish-owned assets were coercively moved into Nazi-controlled accounts at the bank. These details, Grassley emphasized, highlight a pattern of complicity that Swiss banks have faced scrutiny for since the postwar era.
Grassley, who has doggedly pursued this matter for years, received two interim reports and an update from Barofsky’s investigation.
“These accounts were once used by individuals or entities who participated in or assisted Nazi war efforts,” he told reporters, pointing to connections with the German War Office, the arms firm, and the German Red Cross—entities whose ties to Credit Suisse were either unknown or only partially acknowledged before.
The senator’s office has framed the hearing as a “historic opportunity” to safeguard the full historical record, criticizing past efforts by Swiss banks for stifling key details from investigators and the public.
This latest chapter builds on a troubled history of Swiss banking during the Holocaust. In 1998, Swiss banks agreed to a $1.25 billion settlement to compensate for their handling of Holocaust victims’ accounts, but critics, including bipartisan activists and politicians, have long argued that the agreement left significant gaps.
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Dormant accounts belonging to Jewish families were often absorbed or obscured, with banks citing neutrality as a shield while facilitating Nazi financial operations. The current investigation, prompted by UBS’s takeover, aims to address these oversights, with Barofsky’s final report expected to provide a comprehensive accounting that could influence future reparations or legal actions.
UBS, now stewarding Credit Suisse’s legacy, has committed to transparency in the process. Robert Karofsky, president of UBS Americas, is set to testify at the hearing, approaching the topic “with solemn respect.” He noted in prepared remarks that, after three years of intensive review, the priority is to complete the work so the world can benefit from the findings.
Yet questions linger about why such revelations took so long to emerge, fueling speculation among historians and survivors’ advocates that institutional resistance or deliberate obfuscation played a role. While no concrete evidence of a modern cover-up has surfaced, the pattern of delayed disclosures echoes broader concerns about how powerful entities handle uncomfortable histories.
The timing of Grassley’s announcement resonates deeply, coming just a week after International Holocaust Remembrance Day. President Donald Trump marked the occasion with a statement reflecting on the genocide’s horrors: “Today, we pay respect to the blessed memories of the millions of Jewish people, who were murdered at the hands of the Nazi Regime and its collaborators during the Holocaust—as well as the Slavs and the Roma, people with disabilities, religious leaders, persons targeted based on their sexual orientation, and political prisoners who were also targeted for systematic slaughter.”
He highlighted the liberation of Auschwitz-Birkenau on January 27, 1945, where over one million perished, and reaffirmed his administration’s commitment to combating antisemitism using all federal tools.
This renewed focus underscores a moral imperative: Evil does not vanish with time; its echoes demand vigilance. For survivors and their descendants, these findings are more than historical footnotes—they represent stolen lives and unclaimed justice.
Grassley’s push for accountability serves as a reminder that patterns of exploitation, whether in wartime banking or modern finance, must be confronted head-on to prevent recurrence. As the hearing unfolds, it may reveal even more about how neutrality masked collaboration, challenging the narrative of Swiss banks as mere bystanders.
In the end, the investigation’s ultimate value lies in its potential to heal old wounds through truth. With 890 accounts now on record, and possibly more to come, the world watches as UBS and lawmakers navigate this fraught terrain. The final report could set a precedent for how nations and institutions address complicity in atrocity, ensuring that the lessons of the Holocaust are not just remembered, but acted upon.
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Two Storms, One Harvest
Every food crisis in living memory has been a one-shock event. The 2008 price spike was a commodity bubble. The 2020 shortages were a logistics failure. The 2022 grain scare was a war on one exporter’s ports. Each time, the system bent, adjusted, and recovered, and each time the experts assured us afterward that global markets are simply too big and too diversified to fail.
What nobody in Washington seems eager to discuss is that 2026 is shaping up to be something the modern food system has never actually faced. Two independent shocks, one climatic and one geopolitical, are converging on the same harvest cycle at the same time. Not sequentially. Simultaneously.
Start with the weather. The Pacific Ocean is currently building toward what forecasters now openly call a record event. NOAA’s Climate Prediction Center puts the odds of at least a strong El Niño near 88 percent, with roughly two in three odds it reaches “very strong” status, the tier reserved for perhaps three or four events in the entire satellite era. Every major global model now projects a median peak in Super El Niño territory, and most of them project it exceeding the 2015-16 event, which until now held the modern record. Sea surface anomalies were already brushing the super threshold in mid-July, months before these events normally peak. The atmosphere has already shifted into El Niño mode, and the event is forecast to crest in late fall and early winter.
This is not about “climate change.” It’s about the standard cycles of weather, and the cycle we’re currently in is one that has likely devastated societies in the past. We’re better prepared as a society today, but not all Americans are equally prepared.
Serious households have started doing the quiet math on their own. Grocery bills tell part of the story, and the forecast maps tell the rest, which is why long-term food storage has moved from fringe hobby to mainstream line item in the family budget, with established suppliers like Heaven’s Harvest seeing demand from people who five years ago would have rolled their eyes at the idea. That instinct is not paranoia. It is pattern recognition, and the pattern is worth walking through carefully.
Editor’s Note: Heaven’s Harvest IS a sponsor, but the warnings of this article are real and would be written even if we didn’t have a survival food sponsor. With that said, those who take advantage of what they offer can use promo code “Patriot” for 15% off.
The Fertilizer Clock Is Already Running
While the Pacific warms, the second shock has been unfolding in the Strait of Hormuz. The conflict with Iran turned the world’s most important energy chokepoint into a contested waterway, and the consequences reach far beyond the gas pump. Roughly a third of global fertilizer trade moves through Hormuz, and the disruption sent urea prices up 86 percent year over year by March, with a 53 percent jump in a single month.
The World Bank projects energy prices rising about 24 percent in 2026 and fertilizer about 31 percent. By its own accounting, fertilizer prices ran 35 percent higher in the first five months of this year than the same period last year.
Here is the mechanism the nightly news will not explain. Fertilizer is not a grocery item. It is a time-delayed input. The nitrogen a farmer in Iowa or Punjab could not afford to apply this spring does not show up as a problem this spring. It shows up as a thinner harvest six to twelve months later.
The World Bank’s own food security brief concedes that the effects of reduced applications earlier this season “are likely to become visible only later in harvest outcomes.” Translate that from institutional language into plain English and it means this. The damage is already done, it is already in the ground, and we are simply waiting for it to arrive on the shelf.
Now check the calendar. Six to twelve months from the spring planting season lands us squarely in late 2026 and early 2027. Which is precisely when the strongest El Niño in the instrumental record is forecast to peak, bringing its signature droughts to Southeast Asia, Australia, southern Africa, northern Brazil, and South Asia, the very regions that grow the world’s rice, sugar, and oilseeds.
The World Bank warns openly that a strong El Niño “could disrupt multiple crop belts simultaneously” on top of the conflict-driven input costs. Their baseline projection assumes the Middle East disruptions ease by autumn. What in the last two years of Middle East history suggests that assumption is safe?
The System Has No Slack Left
The comfortable answer is that global markets always adjust. But adjustment requires slack, and the slack is gone. Global cereal production is expected to decline from last year’s records even before El Niño does its work. The UN World Food Programme, hardly a den of right-wing preppers, is calling this the most significant disruption to its supply chains since Covid and the invasion of Ukraine, and its supply chain director put the stakes bluntly.
Today’s supply chain challenges are tomorrow’s hunger crisis.
There is also a political dimension that markets cannot price. When food gets scarce, governments do not behave like economists. They behave like politicians. Export bans, hoarding mandates, and panic buying at the national level turned the modest rice shortfall of 2008 into a global crisis, and analysts are already warning that import-dependent nations are the first dominoes.
The 2015-16 Super El Niño, a far weaker event than what is now forecast, threw tens of millions into food stress across Africa and Asia. This one is projected to be stronger, and it arrives with fertilizer already rationed by price and shipping lanes already contested by missiles.
What Joseph Knew
Scripture does not treat preparation for lean years as faithlessness. It treats it as wisdom delivered in advance to those willing to act on it.
Behold, there come seven years of great plenty throughout all the land of Egypt: And there shall arise after them seven years of famine; and all the plenty shall be forgotten in the land of Egypt.
Joseph did not respond to that warning with a hashtag or a committee. He stored grain during the years of abundance, and when the famine came, Egypt stood while its neighbors begged. The lesson is not that famine is certain. It is that the time to prepare is precisely when preparation still looks optional.
Nobody who filled a pantry in a year of plenty has ever regretted it, and nobody standing in an empty aisle has ever been glad he waited for certainty.
None of this calls for panic, and panic is the enemy of sound judgment anyway. It calls for the same unglamorous prudence our grandparents considered ordinary. Keep some cash margin, know your local growers, and put real food in deep storage while it is cheap and available, because the entire arc of this story is that cheap and available is a closing window.
Families looking for a straightforward place to start can visit Heaven’s Harvest and use promo code Patriot for 15 percent off long-term storable food. The forecasts may yet soften, the strait may yet reopen, and we should pray they do. But hope is a fine thing to hold and a foolish thing to eat.