The Years (1945-2020)
Gold Crisis and Dollar Debasement
Two days after his inauguration as President on March 6, 1933, Roosevelt decreed a four-day national banking holiday. The main aim was to prevent anyone from hoarding or exporting gold or silver. Every bank in the United States was shut down. Neither deposits nor withdrawals were possible, as Federal auditors were sent in to check the accounts of all banks before certifying which were solvent and which must be closed. The President showed his disdain for formal legal procedure and simply invoked the unrelated “Trading with the Enemy Act” of 1917 as his legal basis. Presumably, the foreign holders of gold-backed US dollars were now ‘the enemy. ‘Within three days Congress had passed the Emergency Banking Act that validated the President’s actions and gave him near carte blanche powers to go further. On April 5, 1933 Roosevelt signed an Executive Order declaring it illegal for American citizens to hold or own gold coins, bullion or gold certificates.
The Federal Government thus had confiscated its own citizens’ gold. As gold was universally regarded as the ultimate store of value for a currency or for repayment of debts, it was a massive, forced confiscation by the State of the private wealth of its citizens in return for mere paper promises to pay. The citizenry were powerless to act; they could merely hope for better times amid a deepening depression. Few people understood the complex workings of gold. By confiscating civilian gold holdings the US Government not only restocked its gold vaults at the expense of its citizens, it also cut off any chance citizens could resort to gold for a personal long-term store of value in the middle of the nation’s worst economic depression.
Meanwhile, the Government had stopped converting its dollars into gold. On June 5, 1933 Congress formally abandoned the Gold Standard and declared the traditional gold-clause contract — whereby a creditor, foreign or domestic, could demand repayment in either currency or gold — to be null and void. Some $100 billion of such contracts, a staggering sum, were then outstanding for everything from mortgage deeds to life insurance policies to railroad bonds. The gold-clause had been an insurance against inflation and a guarantee of sound money repayment. Not anymore. Creditors could no longer demand private debts be repaid in gold coin. London referred to the US Treasury’s declaration that it would no longer honor its debts with gold as, “the American default.”
How FDR Helped the Rockefeller Empire
When FDR became President, a domestic program called the “New Deal “was enacted. This would benefit the Rockefeller Empire greatly. As explained we saw how FDR crippled JP Morgan on Wall Street. He also rebuilt US Government gold reserves taken out by the hated British. Now, we go on to detail a few more examples.
The family now planned to take control of industry through the labour unions. Rockefeller agent, Senator Wagner, passed a bill, which enabled the family for the takeover of labour unions, and utilising organised crime to enforce their takeover. In this way, the workforce was regimented and controlled. Collective bargaining became a means to blackmail entire sectors of the economy. The power of the labour unions grew, which proved an effective tool for regulation the competition, and saddling the employers with higher costs- thus less competitive. Also, in these cases, specific companies can be targeted, weakening them to a point of accepting a takeover from Wall-Street connected companies. Rockefeller companies were rarely affected with strikes and labour unrest.
The Silver Corner
In August 1934, FDR issued an executive order that said all silver in the country must be delivered to the US Mint within 90 days against payment of 50c per ounce. The US Treasury was ordered to make the silver purchases through Rockefeller’s Chase Bank. Within 2 years they juggled the price up to 64c. Between the Chinese selling them 300 m ounces plus whatever they picked up, was all sold to the US Treasury in return for silver certificates. Roughly $2 billion of silver certificates were issued, and for which Chase made a massive profit. Remember they made a profit of around 40% on the deal.
Nelson Rockefeller
Rockefeller power was greatly enhanced when Nelson won his spurs with the construction of the Rockefeller Center in 1930. After this, Nelson requested of his father, Junior, that he be given a greater say in the affairs of the Empire. Junior feared Nelson’s plans, but was held back by his grandfather, John D. this was in 1934, when Nelson was 26 years of age. In December 1934, Junior transferred his remaining assets to his sons and grandchildren. By this time, Nelson was taking a more active role in the family’s various enterprises, one of which was the Museum of Modern Art (MOMA)-the most influential museum in the world – and run under the family’s direction.
In 1934, Nelson went to work for the Chase Bank as a way of getting acquainted with its operations and understanding how it fits into his father’s other interests. But the only department that interested Nelson was the foreign department and its relations with international politics, and the oil companies. Three years later, his grandfather passed away at the age of 98.
His father had refused to answer correspondence dealing with the various Standard Oil companies, and had done everything in his power to foster the illusion that the Rockefellers were simply shareholders with no special influence. Junior used to write to his 5 sons often with this advice: “From time to time my father and I received requests of many kinds from shareholders and others in regard to the activities and policies of the Standard companies. Neither Father nor I have attempted to answer these questions directly, for it saves us from many awkward and embarrassing positions. It saves us from the danger of taking any position which suggested control in the slightest degree of the activities in which a large stock interest might imply a more direct connection. IT HAS PROVEN SUCH A WISE POLICY THAT I URGE ALL YOU BOYS TO ADOPT IT FOR THE PROTECTION OF THE FAMILY”.
The idea was to become invisible in the public’s eyes. Yet, Nelson remembered how the presidents of the various Standard companies (about 34 in all, at that time) had stopped by their New York house for long talks with Junior. His father had been direct and forceful in the opinions and commands he expressed during those private meetings, and he himself had no qualms at all about using the family’s connections and its power.
Rockefeller Plaza
At Chase he became the protégé of Joseph Rovensky, who as head of the banks foreign department knew the leading figures in the international cartels controlling raw material markets, including oil. When Nelson went to London in 1935, Rovensky helped him with introductions, and watched with satisfaction as his young protégé began to maneuver between the institutions in the family’s sphere of influence in a way his father would not have dreamt of doing.
The talk of the international oil set attending parties in London and Paris was the fabulous oil fields of Maracaibo, which overnight made Venezuela the largest holder of oil after the US. Three companies controlled all of it: – Standard -49%, Shell-36%, and Gulf -14 % (Gulf would be absorbed by Chevron in the late 1990s). The biggest Venezuelan producer by far was Creole Petroleum, the crown jewel of Standard, or Exxon. Nelson asked his father to make him the largest shareholder in Creole.
South America was a region that was in ferment and social turmoil, with foreign companies bleeding the region dry. 100 years earlier, the US had signed a treaty with European powers that made South America the sole preserve of Wall Street. This was called the Monroe Doctrine. With the region showing increasing signs of oil wealth, the Rockefeller Empire moved into South America in a big way.
In May 1937, Nelson, at age 29, along with brother Winthrop, Rovesnsky and a few others embarked on a 20-nation tour of Latin America, climaxed by a journey up Venezuela’s Orinoco River in a Standard Oil yacht. He toured Standard Oil properties, met with the region’s leading movers and shakers, some of whom worked for the family.
The trip was a turning point in his life. His greed was fired up. Nelson had now found that “something big” that he was looking for. Returning to New York, he enrolled for a crash course in Spanish. He then got together a group of advisors, business associates and friends, who then formulated plans for the economic and financial subjugation of Latin America.
In July 1940, the White House created a new position for Nelson, called co-ordinator of Latin America. It was a tense moment for the family as it would be the first time that a family member would be taking up a public post. Satisfied with the lack of public protest against his appointment, Nelson dedicated himself to “co-ordinating” inter-American affairs. Fortunes were made through various means.
Venezuela was his greatest success. Venezuelan President Betancourt’s charged Nelson with “exploiting our country” with his hypocrisy and bogus pretense of humanity and philanthropy. Venezuelan President Medina indicted Standard for stealing oil valued at $200 million by the crooked device of underestimating the carrying capacity of their oil tankers, which had served as the sole index of the amount of oil purchased and the royalties to be paid thereon. The tankers had been listed at HALF THEIR TRUE CAPACITY! Standard settled for $9 million. Shortly thereafter, Medina was ousted in a coup by Standard. Nelson did well for himself in Venezuela. He acquired vast land holdings, including the highlands Monte Sacro ranch that is 50,000 acres in size.
He went on to acquire other valuable properties. The Brazilian province of Minas Gerais is enormously rich in natural resources. And here, Nelson acquired vast land holdings. This deal later had a bearing on the re-location of the capital to the lands next to Nelsons’. One of the results of this deal was that Nelson became a major producer of coffee. He now proceeded to corner and cartelise the production and price of coffee. First, he arranged an Exim loan of $300 million to the Brazilian coffee industry, of which he was the largest producer. This money was largely used for the purchase and storage of coffee, and which caused coffee prices to shoot up some 600%, and Nelson made a huge profit, even after paying back the Exim loan.
An ugly by-product of the Brazilian coffee corner was the strange violent death of Brazilian President Vargas. He had been induced by Nelson to intensify the corner by buying up any coffee offerings that came onto the market. He was promised that they would be taken off his hands. The financing promised him had failed to materialise. When there was a sharp break in the coffee price, Vargas found himself over-extended and bankrupted. Frantically, he kept on phoning Nelson in Washington, every half hour, but was informed that Nelson was not available. Hours later, Vargas came to a violent death, and his supporters protested outside the Standard Oil building in Bello Horizonte.
With the war raging in Europe and Asia, Nelson wanted the Latin American countries to boost their defense budgets, but none had the cash to spare. To solve this problem, Nelson arranged Lend-Lease funds for those countries, for “defense purposes”. But, this deal had a hook in it. Nelson informed the countries that they could not expect any of these funds UNLESS expropriated concessions were returned to Standard Oil, or that new concessions be granted to Standard.
Thus, in Mexico, Standard was able to secure $18 m out of a $25 m award made to pay American companies for the expropriation of the oil assets back in 1917. And only Standard was able to get back the only two oil concessions in Mexico that mattered. It was the same for Bolivia and other Latin American countries. Nelson, in short, became the godfather of Latin America; and he operated behind the scenes to avoid being publicly identified with his unsavoury activities.
The next step in Nelson’s conquest of Latin America was to control its media. The family controlled North American timber and paper holdings, in addition to being the head of the US Paper Association that controlled the newsprint paper supplies to all newspaper groups. Using this leverage, and threatening to cut-off supplies of paper, Nelson was able to suborn the media groups in the continent.
In Washington, Rockefeller agents were well placed in most key posts, including having a hand in strategy at the Pentagon. Nelson had a select group of advisors whom he carried along from one agenda to another. Some of them are Harry Hopkins (FDR’s key advisor –also called the “Unofficial President”), Alger Hiss, the Dulles Bros, Dean Rusk, and others. He used to have a large number of brilliant minds on retainer, and these brilliant minds have fostered ideas that have helped Nelson in furthering the aims, wealth and power of his family’s Empire.
The Inter-War Years & the Build-up of Hitler’s Germany
By the 1920s the United States had become a world power. It was tied to other countries by trade, politics, and joint interests. Increased foreign investment was not the only sign of growing American economic power. By the end of World War One, the United States produced more goods and services than any other nation, both in total and per person. Americans had more steel, food, cloth, and coal than even the richest foreign nations. By 1920, the United States national income was greater than the combined incomes of Britain, France, Germany, Japan, Canada, and seventeen smaller countries. Quite simply, the United States had become the world’s greatest economic power. America’s economic strength influenced its policies toward Europe during the 1920s. Americans lent the Allied countries $7 billion during the war. Shortly after the war, they lent another $3 billion. The Allies borrowed most of the money for military equipment and food and other needs of their people. The United States refused to cancel the debts.
However, the European nations had little money to pay their loans. France tried to get the money by demanding payments from Germany for having started the war. When Germany was unable to pay, France and Belgium occupied Germany’s Ruhr Valley. As a result, German miners in the area reduced coal production. And France and Germany moved toward an economic crisis and possible new armed conflict. An international group intervened and negotiated a settlement to the crisis. The group provided a system to save Germany’s currency and protect international debts. American bankers agreed to lend money to Germany to pay its war debts to the Allies. And the Allies used the money to pay their debts to the United States.
The United States also continued in the 1920s to refuse to recognize the communist government in Moscow. However, trade between the Soviet Union and the United States increased greatly during this period. And large American companies as General Electric, DuPont, and R-C-A provided technical assistance to the new Soviet government. The United States, however, could no longer remain apart from world events. This would become clear in the coming years. Europe would face war. The Soviet Union would grow more powerful. And Latin America would become more independent. The United States was a world power. But it was still learning in the 1920s about the leadership and responsibility that is part of such power. Economic and diplomatic relations were positive during the 1920s. The US government rejected the harsh anti-German Versailles Treaty of 1920, signed a new peace treaty with Germany that involved no harsh terms. New York banks played a major role in financing the rebuilding of the Germany economy. Many American companies invested heavily in Germany during this period.
The build-up for European war [WWII] both before and after 1933 was in great part due to Wall Street financial assistance in the 1920s to create the German cartel system, and to technical assistance from well-known American firms … to build the German Wehrmacht…. The contribution made by American capitalism to German war preparations before 1940 can only be described as phenomenal.
Two cartels, I. C. Farben and Vereinigte Stahlwerke, produced 95 percent of German explosives in 1937-38 on the eve of World War II. This production was from capacity built by American loans and to some extent by American technology.The I. G. Farben-Standard Oil cooperation for production of synthetic oil from coal gave the I. C. Farben cartel a monopoly of German gasoline production during World War II. Just less than one half of German high octane gasoline in 1945 was produced directly by I. G. Farben and most of the balance by its affiliated companies.
American assistance to Nazi war efforts extended into other areas. The two largest tank producers in Hitler’s Germany were Opel, a wholly owned subsidiary of General Motors (controlled by the J. P. Morgan firm), and the Ford A. G. subsidiary of the Ford Motor Company of Detroit. The Nazis granted tax-exempt status to Opel in 1936, to enable General Motors to expand its production facilities. General Motors obligingly reinvested the resulting profits into German industry. Henry Ford was decorated by the Nazis for his services to Naziism. Alcoa and Dow Chemical worked closely with Nazi industry with numerous transfers of their domestic U.S. technology. Bendix Aviation, in which the J. P. Morgan-controlled General Motors firm had a major stock interest, supplied Siemens & Halske A. G. in Germany with data on automatic pilots and aircraft instruments. As late as 1940, in the “unofficial war,” Bendix Aviation supplied complete technical data to Robert Bosch for aircraft and diesel engine starters and received royalty payments in return. By 1939 the German electrical industry had become closely affiliated with two U.S. firms: International General Electric and International Telephone and Telegraph.
In 1939 the German electrical equipment industry was concentrated into a few major corporations linked in an international cartel and by stock ownership to two major U.S. corporations. This industrial complex was never a prime target for bombing in World War II. The A.E.G. and I.T.T. plants were hit only incidentally in area raids and then but rarely. The electrical equipment plants bombed as targets were not those affiliated with U. S. firms. It was Brown Boveri at Mannheim and Siemensstadt in Berlin – which were not connected with the U.S. – who were bombed. As a result, German production of electrical war equipment rose steadily throughout World War II, peaking as late as 1944.
General Electric was prominent in financing Hitler, it profited handsomely from war production – and yet it managed to evade bombing in World War II.
In brief, American companies associated with the Morgan-Rockefeller international investment bankers – not, it should be noted, the vast bulk of independent American industrialists – were intimately related to the growth of Nazi industry… General Motors, Ford, General Electric, DuPont and the handful of U.S. companies intimately involved with the development of Nazi Germany were – except for the Ford Motor Company – controlled by the Wall Street elite – the J. P. Morgan firm, the Rockefeller Chase Bank and to a lesser extent the Warburg Manhattan bank.
Germany could not have gone to war in 1939 without I. G. Farben. Between 1927 and the beginning of World War II, I.G. Farben doubled in size, an expansion made possible in great part by American technical assistance and by American bond issues, such as the one for $30 million offered by National City Bank. By 1939 I. G. acquired a participation and managerial influence in some 380 other German firms and over 500 foreign firms. The Farben Empire owned its own coal mines, its own electric power plants, iron and steel units, banks, research units, and numerous commercial enterprises. There were over 2,000 cartel agreements between I. G. and foreign firms – including Standard Oil of New Jersey, DuPont, Alcoa, Dow Chemical, and others in the United business.”
I.G. Farben’s cartel arrangements promoted Nazi economic warfare – the outstanding example being the voluntary Standard Oil of New Jersey restriction on development of synthetic rubber in the United States at the behest of I. G. Farben. The board of American I.G. had three directors from the Federal Reserve Bank of New York, the most influential of the various Federal Reserve Banks. American I.G. also had interlocks with Standard Oil of New Jersey, Ford Motor Company, Bank of Manhattan (later to become the Chase Manhattan), and A.E.G. (German General Electric. I.G. Farben was the most important of the domestic financial backers of Hitler.
The Standard Oil group of companies, in which the Rockefeller family owned a half (and controlling) interest,’ was of critical assistance in helping Nazi Germany prepare for World War II. This assistance in military preparation came about because Germany’s relatively insignificant supplies of crude petroleum were quite insufficient for modern mechanized warfare; in 1934 for instance about 85 percent of German finished petroleum products were imported. The solution adopted by Nazi Germany was to manufacture synthetic gasoline from its plentiful domestic coal supplies. It was the hydrogenation process of producing synthetic gasoline and iso-octane properties in gasoline that enabled Germany to go to war in 1940-and this hydrogenation process was developed and financed by the Standard Oil laboratories in the United States in partnership with I.G. Farben. An even more ominous aspect of this Standard Oil-I.G. Farben collusion: that at this time directors of Standard Oil of New Jersey had not only strategic warfare affiliations to I.G. Farben, but had other links with Hitler’s Germany to the extent of contributing, through German subsidiary companies, to Heinrich Himmier’s personal fund and with membership in Himmler’s Circle of Friends as late as 1944.
During World War II Standard Oil of New Jersey was accused of treason for this pre-war alliance with Farben, even while its continuing wartime activities within Himmler’s Circle of Friends were unknown.
The transfer of ethyl technology for the Nazi war machine was repeated in the case of synthetic rubber. There is no question that the ability of the German Wehrmacht to fight World War II depended on synthetic rubber – as well as on synthetic petroleum – because Germany has no natural rubber, and war would have been impossible without Farben’s synthetic rubber production.
Standard Oil of New jersey was intimately associated with I.G. Farben’s synthetic rubber. A series of joint cartel agreements were made in the late 1920s aimed at a joint world monopoly of synthetic rubber, and to consolidate a world-wide chemical cartel. On this point, a small note. When IG Farben was broken up into four entities after wars end, these four entities became some of the largest chemical companies in the world. IG Farben, was a German chemical and pharmaceutical conglomerate. Formed in 1925 from a merger of six chemical companies—BASF, Bayer, Hoechst, Agfa, Elektron, and Chemische Weiler Ter Meer—it was seized by the Allies after World War II and divided back into its constituent companies. These became Bayer, Agfa, Hoechst, and Sanofi. In 2018, Bayer merged with Monsanto in a $66 billion deal, and it would drop the Monsanto name due to bad publicity. The Rockefeller Empire had first invested in IG Farben in 1929, and by 1951, was holding a dominant shareholding in the company. So, one Rockefeller Company merged with another Rockefeller company!
The multi-national giant General Electric has an unparalleled role in twentieth-century history. The General Electric Company electrified the Soviet Union in the 1920s and 1930s, and fulfilled for the Soviets Lenin’s dictum that “Socialism = electrification.” The Swope Plan, created by General Electric’s one-time president Gerard Swope, became Franklin D. Roosevelt’s New Deal.
The tap root of modern corporate socialism runs deep into the management of two affiliated multi-national corporations: General Electric Company in the United States and its foreign associates including German General Electric (A.E.G.), and Osram in Germany. The multi-national giant international Telephone and Telegraph (I.T.T.)’ was founded in 1920 by entrepreneur Sosthenes Behn. During his lifetime Behn was the epitome of the politicized businessman, earning his profits and building the I.T.T. Empire through political maneuverings rather than in the competitive market place.
Almost all of the German directors or German General Electric were financial supporters of Hitler and associated not only with A.E.G. but with other companies financing Hitler. There is no record that I.T.T. made direct payments to Hitler before the Nazi grab for power in 1933. On the other hand, numerous payments were made to Heinrich Himmler in the late 1930s and in World War II itself through I.T.T. German subsidiaries.
It was Henry Ford who in the 1930s built the Soviet Union’s first modern automobile plant … and which in the 50s and 60s produced the trucks used by the North Vietnamese to carry weapons and munitions for use against Americans. At about the same time, Henry Ford was also the most famous of Hitler’s foreign backers, and he was rewarded in the 1930s for this long-lasting support with the highest Nazi decoration for foreigners. Ford knowingly profited from both sides of World War II from French and German plants producing vehicles at a profit for the Wehrmacht, and from U. S. plants building vehicles at a profit for the U. S. Army.
On December 20, 1922 the New York Times reported that automobile manufacturer Henry Ford was financing Adolph Hitler’s nationalist and anti-Semitic movements in Munich. Ford funds were used by Hitler to foment the Bavarian rebellion. The rebellion failed, and Hitler was captured and subsequently brought to trial. In February 1923 at the trial, vice president Auer of the Bavarian Diet testified:… Herr Hitler openly boasts of Mr. Ford’s support and praises Mr. Ford as a great individualist and a great anti-Semite. A photograph of Mr. Ford hangs in Herr Hitler’s quarters, which is the center of monarchist movement. Behind the battle fronts in World War II, through intermediaries in Switzerland and North Africa, the New York financial elite collaborated with the Nazi regime. Captured files after the war yielded a mass of evidence demonstrating that for some elements of Big Business, the period 1941-5 was “business as usual.” Similarly, the Rockefeller Chase Bank was accused of collaborating with the Nazis in World War II France, while Nelson Rockefeller had a soft job in Washington D.C. Substantially the same pattern of behavior was pursued by the Paris office of the Chase Bank during German occupation.
So, to summarize Wall Street’s buildup of Nazi Germany, we find that the Rockefeller Empire put Hitler into power, and then proceeded to build up Germany’s industrial and military potential.
* WaIl Street financed the German cartels in the mid-1920s which in turn proceeded to bring Hitler to power.
* The financing for Hitler and his S. S. street thugs came in part from affiliates or subsidiaries of U.S. firms, including Henry Ford in 1922, payments by I. G. Farben and General Electric in 1933, followed by the Standard Oil of New Jersey and I.T.T. subsidiary payments to Heinrich Himmler up to 1944.
* U.S. multi-nationals under the control of Wall Street profited handsomely from Hitler’s military construction program in the 1930s and at least until 1942.
* International bankers used political influence in the U. S. to cover up their wartime collaboration.
This group of international bankers backed the Bolshevik Revolution and subsequently profited from the establishment of a Soviet Russia. This group backed Roosevelt and profited from New Deal socialism. This group also backed Hitler and certainly profited from German armament in the 1930s.
The financial elite knowingly and with premeditation assisted the Bolshevik Revolution of 1917 in concert with German bankers. After profiting handsomely from the German hyper-inflationary distress of 1923, and planning to place the German reparations burden onto the backs of American investors, Wall Street found it had brought about the 1929 financial crisis.
The question is, why would the family put Hitler into power?
International monopolists like the two families find that it is easier to do business with dictators than with democratic leaders, where potential trade and economic agreements are subject to opposition party blackmail games. Even better, is if the dictator has complete control of a communist or socialist country. In this case, there are no nosy opposition parties threatening to derail lucrative agreements. So, Hitler was put into power on the promise that he would stabilize German chaos, and rebuild the economy with Rockefeller help. The additional agreement to this deal was that he would invade France and Britain, the home base of the Rothschilds – the family’s most hated rival, thus, opening the way for American business to take over markets hitherto closed to them, in Africa and Asia. The Rothschilds also helped in putting Hitler to power. London wanted Hitler to attack Russia, and to start a program against Jews, as this would give them the perfect pretext for pushing the world into granting them their own political state in Palestine.
World War 2
There were two theaters to this war. We have partly explained the Asian part. The second theater was in Europe and the Middle East. War began in 1939, and ended in 1945. A war that cost some 30-40 million lives. It devastated Eurasia. The war was about who would inherit the position of the British Empire’s global domination. To facilitate the outcome, the US helped arm both the Soviet Union and Germany, with no repayment of this aid. The US also helped Britain to the value of $4.2 billion, but Britain had to pay this loan back with interest! The last installment was paid in 2006.
The US achieved its aim of weakening the European colonial powers, especially the hated British and French colonies of the Rothschilds. I have called this war the 2nd Battle of Eurasia, while World War 1 was the 1st Battle of Eurasia. Since 9/11, we have witnessed the 3rd Battle of Eurasia in motion, with no end in sight as yet. Let us now see how the US and the Empire stood at war’s end.
The UN
The United Nations is the prototype of a global parliament of the Empire’s One World Government plans. For this purpose, Nelson spearheaded the drive to bring the UN into New York City. Firstly, the essence of the UN was a brain child of the family. A December 11, 1946 deadline was set on finding a suitable site for the UN. Nelson, excited and in a hurry, offered the Rockefeller Center Theater as a meeting place for the General Assembly, but his father vetoed the idea – annoyed at not being consulted, and Nelson was forced to retract the offer.
He next offered the family estate at Pocantico, a 6,500 acre super-luxurious family estate – it was 6 times the size of New York’s Central Park. His father and brothers were reluctant to part with it, while David (then 31) plaintively said;” Couldn’t I just give money instead?” But then, the site selection committee felt that Westchester County, where their estate was situated, was too far away from New York City (About 50 kms)
It was later that evening, hours before the UN decision was to be made that his aide, Wally Harrison suggested that a 17-acre tract that the real-estate developer William Zeckendorf had along the East River, called “X City”. Harrison said that Zeckendorf would be willing to sell for $8.5 million. If the deal could be completed, it would also have the advantage of wiping out a potentially serious rival to the Rockefeller Center, a 22- building masterpiece(covering 22 acres), and would help in upgrading the whole mid-town area. It would help raise values of a number of Rockefeller-owned properties there. The price and terms were agreed with Zeckendorf, and Nelson put a call to his father, who offered to donate the entire amount. ”Why Pa, that’s most generous”, Nelson exclaimed. Two mornings later, after the East River site had been formally accepted by the UN site committee, Junior breakfasted with Nelson and signed the papers.
However, the agreement with the UN stipulated that if and when the UN leaves the site, it will revert back to the family, along with the buildings that have cost a fortune. The UN banks mainly with the Chase Bank, which has a full-time correspondent officer handling the UN’s financial needs. Nelson’s architects designed the buildings, and his companies built it. Till the present time, the UN is a wholly-controlled entity of the Empire. The man with the most power in the UN is NOT the Secretary General, but his No 2, who is answerable only to the senior family members!
In the world of business, the family continued the business model of the founder. Get top talent and pay them well. The Rockefellers changed the nature of doing business, establishing efficiency as the baseline and waste as anathema for any enterprise and maintain the family motto; – “competition is a sin”.
International Bankers
Politicians amenable to the objectives of financial capitalism, and academics prolific with ideas for world control useful to the international bankers, are kept in line with a system of rewards and penalties. In the early 1930s the guiding vehicle for this international system of financial and political control, the “apex of the system,” was a Rothschild entity, the Bank for International Settlements [BIS] in Basle, Switzerland. The B.I.S. apex continued its work during World War II as the medium through which the bankers – who apparently were not at war with each other – continued a mutually beneficial exchange of ideas, information, and planning for the post-war world. The BIS became THE CENTRAL BANK for the world’s central banks.
The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. It is in the pecuniary interests of the international bankers to centralize political power – and this centralization can best be achieved within a collectivist society, such as socialist Russia, national socialist Germany, or a socialist United States. There can be no full understanding and appreciation of twentieth-century American politics and foreign policy without the realization that this financial elite effectively monopolizes Washington policy.
For most of the twentieth century the Federal Reserve System, particularly the Federal Reserve Bank of New York (which is outside the control of Congress, unaudited and uncontrolled, with the power to print money and create credit at will), has exercised a virtual monopoly over the direction of the American economy. In foreign affairs the Council on Foreign Relations, superficially an innocent forum for academics, businessmen, and politicians, contains within its shell, perhaps unknown to many of its members, a power center that unilaterally determines U.S. foreign policy. The major objective of this submerged – and obviously subversive – foreign policy is the acquisition of markets and economic power (profits, if you will), for a small group of giant multi-nationals under the virtual control of a few banking investment houses and controlling families.
Through foundations controlled by this elite, research by compliant and spineless academics, “conservatives” as well as “liberals,” has been directed into channels useful for the objectives of the elite essentially to maintain this subversive and unconstitutional power apparatus. Through publishing houses controlled by this same financial elite unwelcome books have been squashed and useful books promoted; fortunately publishing has few barriers to entry and is almost atomistically competitive. Through control of a dozen or so major newspapers, run by editors who think alike, public information can be almost orchestrated at will. Yesterday: the space program; today: an energy crisis or a campaign for ecology; tomorrow: a war in the Middle East or some other manufactured “crisis.”
The total result of this manipulation of society by the Establishment elite has been four major wars in sixty years, a crippling national debt, abandonment of the Constitution, suppression of freedom and opportunity, and creation of a vast credibility gulf between the man in the street and Washington, D.C. While the transparent device of two major parties trumpeting artificial differences no longer carries credibility, and the financial elite itself recognizes that its policies lack public acceptance, it is obviously prepared to go it alone without even nominal public support. And, as it goes in America, so it goes in the rest of the world.
We now move on to the next phase in the remarkable story of this family; the period from the end of World War 2, till now.
The end of World War 2 saw America poised to dominate world events to a degree that not even the British Empire had been able to do. The British Empire was finished. London became dependent on the US for its survival. From this point on, the story of the family is so closely intertwined with the policies of Washington that one can say is that it is as if both were operating as one machine. In short, the US government had become just another division within the Empire.
The war had increased the family fortune like no other. The oil, defense, banking, and a large number of companies within the Empire grew increasingly wealthy. Both the political and financial power of the family was so vast that no other group or family came remotely close to the Rockefellers. With the Rockefeller faction dominant within America, the brothers began to reshape America’s destiny. A new label was given to this phenomena; it was called “The American Century”. America, backed by Rockefeller power would now come to dominate the globe, from the economic, financial, political, cultural and military spheres.
The Rockefeller Brothers Fund spent $250,000 funding a special study group to map out the post-war world, to their benefit. Every issue and piece of land was taken into account. The study spanned 4 years, from 1939 to 1943. A plan to control and dominate the world by the 5 Rockefeller brothers was put into place. And at wars end, all of these plans began to take shape. America was in charge and Britain had no choice but to position itself as a junior partner.
Several new entities came into being. These were the IMF, the World Bank, and the UN, all dominated by the Rockefeller family, and all based either in Washington or New York. In the financial sphere, all the world’s currencies would be linked to the dollar, while the dollar was linked to gold. American oil and banking interests emerged from the war in an enormously powerful position. The bulk of the world’s gold once again ended up in New York and the Federal Reserve Bank of New York. It was some 90% of the world’s gold, worth some $33 billion. At a price of $35 per ounce, this worked out to nearly 34,000 tons of gold!
Due to the ravages of war, the world’s economic and trading systems were shattered. America was the exception. Its land mass was not destroyed. Its infrastructure was intact and modernized. Rockefeller-controlled American oil companies did not hesitate to take advantage of this opportunity in supplying oil to the rest of the world at inflated prices, thereby reaping massive profits. The car industry had become the single largest component of American industry. Then, there were other uses for oil and its derivatives – such as plastics, fertilizers, chemicals, pharmaceuticals, and agriculture. In short, oil had become the single most important commodity. Both the American oil and banking giants were tied to the Rockefeller family.
A scarcely-noted consequence of the global market grab by the US oil companies was the parallel rise of the Rockefeller banking groups tied to the oil companies. As US oil companies became an ever larger component of the international oil supply during and after World War 2, the New York banks benefitted from the capital inflows of the world oil trade.
During the 1950s, a wave a bank mergers increased the political and financial influence of these banks. The net effect of this postwar cartelization of US financial power had enormous consequences for the world, since then. It overshadowed all other policy influences in US and international policy. American business was increasingly reshaped along the lines of British “informal empire”, with finance, raw materials, and control of the international terms of trade, rather than the traditional American foundation of technological and industrial progress.
Oil is the single most important commodity in today’s age. It is the strategic commodity as it fuels the modern economy. Although Standard Oil and its successor companies remains the keystone in the arch of the Rockefeller Empire, international banking and finance is the family’s most important business. The largest banks in America are under their control. The Rockefeller Group of Banks is heavily inter-locked with the biggest insurance companies. The family control over these banks and insurance companies gives them leverage over the economy that goes far beyond their direct ownership.
There are several ways in which the family controls vast segments of the economy. The first is through direct ownership of stocks. Secondly, through loans companies take from banks. In this case, the banks appoint a director on the board and through the use of trust departments in the Rockefeller banks. The trust department exercises voting rights of the stocks in these trust departments. The final way is through the use of inter-locking directors. The result is that the family has control over the largest companies in America and the world. Put it all together, and it spells POWER!
As we shall see, the Rockefeller family wants more money and more power. It will use its private fortune, its public position, and anything else it can to acquire it.
Re-Arranging Global Geopolitics
By wars end, the family’s War and Peace Study Group had recommended that the world be divided into two competing blocs- a communist and capitalist group. If the Soviet Union and China were to dominate the communist world, and the US were to dominate the capitalist world, then it would make it easier for the Rockefeller Empire to gain control of many countries that were under control by European powers, using the threat of a communism takeover of their lands. With America promising help in protecting them, these countries would swing over to the American side. It was a con game of the highest order, not only in the Third World, but also in Europe too. NATO was formed at the behest of the brothers; intended to keep the Germans down, the Russians out, and the Americans in, it proved to be a great success in this strategy, and helped the Empire in its financial and political takeover of Europe. And here, the family’s new institution –the UN- proved to be a great help.
In order to reduce Europe’s economic power, and increase Americas’, Washington put immense pressure on Europe to grant independence to its colonies in Asia and Africa. As these countries gained independence from Europe, they were swiftly brought into Washington’s orbit. Europe lost, and America gained. We will go through some of these examples later.
Now, let us study some of the new entities the family created after the war that would help increase their power. The most important of them were the CIA, the World Bank and the UN-which has already been discussed.
THE CIA
The success of the British Commandos during World War II prompted U.S. President Franklin D. Roosevelt to authorize the creation of an intelligence service modeled after the British Secret Intelligence Service (MI6), and Special Operations Executive. This led to the creation of the Office of Strategic Services (OSS). On September 20, 1945, shortly after the end of World War II, Harry S Truman signed an executive order dissolving the OSS (FBI), Truman established the National Intelligence Authority in January 1946. Its operational extension was known as the Central Intelligence Group (CIG), which was the direct predecessor of the CIA.
Now, this is the official story. When the OSS was created, it was staffed mainly by Rockefeller agents, and was cobbled together by using parts of the Rockefeller Groups’ global intelligence system. When the OSS was disbanded, and replaced by the CIA, in 1947, it became an entity within the Rockefeller orbit. A brain child of Nelson, it served to further the family’s reach and power. The CIA’s budget was paid for by the US government, and all benefits were for the family.
In the aftermath of Watergate, a Commission was established to “clean-up” the CIA, in 1974/75. We find that none other than its boss and founder, Nelson, put in charge! Because of the close connections with the family, we find that the CIA was always headed by lawyers from Wall Street firms closely connected to the family.
The World Bank
As per the 1944 Bretton Woods Agreement, to re-organize the post-wart global financial system, two new entities came into being; the IMF and the World Bank. Both based in Washington, naturally, since America was the dominant power then, and the dollar was the strongest currency.
Although based in Washington, the Rockefeller Empire had the controlling veto vote. The IMF has always been headed by Rothschild men. The IMF’s function was to stabilize the major global currencies, from 1947 up until the 1970s. Thereafter, its function was to act as a global financial sheriff on behalf of the Anglo-American banks, in making sure that borrowing countries pay their loans back.
The World Bank’s main function was to approve, and fund infrastructure projects worldwide. Infrastructure development was the key to revitalize the shattered economies of many nations, in the wake of World War 2. In later years, World Bank approved infrastructure development helped to make it easier to extract resources from Third World countries.
The nations borrow funds to build dams, power stations, roads, etc. This facilitates the extraction and shipping of raw materials, to export markets – thus, reaping windfall profits to the Rockefeller companies, while the country has to pay off this development loan. It is a “win-win” for the Rockefeller Empire.
Every head of the World Bank has always been from within the Rockefeller networks of power.
The Story Continues in Part 4, https://behindthenews.co.za/the-rockefeller-empire-part-4-of-a-6-part-series/
