The Rockefeller Empire Part 5 (of a 6 Part Series)


Which brings us to Junior’s youngest. Born in June 1915, David was trained by both his father and grandfather to be serious about money. After completing school and university (Harvard, the LSE, University of Chicago), David got married and joined the Chase Bank. Junior realized his mistake with the other 4 boys, and took a serious interest in raising David to be a steward of the family fortune.

 The other brothers would amuse themselves with politics and business- but David would not. Money is what the Rockefellers are all about,, and David alone became totally absorbed with the handling of money. This factor alone made him the most important of the brothers. He learnt a lot from his father and grandfather, about being discrete and always being appropriate. He was the only one who practiced what he was taught. He was taught the value of money from a very young age, and never to be wasteful. Junior wanted to raise a tiger, a leader, a businessman in the mold of the grandfather, to take over the handling of the family fortune. They also wanted David to be cool, sophisticated and suave. Soon, Rockefeller business associated realized that David was being groomed to lead the family empire, and treated him with a reverence similar to royalty.

 David never jokes, seldom smiles, and speaks with a soft voice. He is also a heavy drinker, and has a very hectic life, combining all aspects of business and politics. David stays in the background, avoids publicity. He never seems to flex his muscles. Yet flex them he does, with shattering effect, for he is the most powerful money-man in the world. One President after another has done his bidding. His life style would make Alexander the Great weep with envy. The power he wields crosses all borders, can make or destroy governments, start and stop wars, and profoundly influence everyone’s life – including yours.  Yet, by his careful design, few people have known anything about David Rockefeller – until now.

The Rockefeller family had, by 1945, emerged as the most powerful and wealthiest family in America. Besides the enormous profits that World War 2 had brought in to the various companies in the oil, military and other sectors of the economy, their financial arms also benefitted greatly. On the political side, the US Government wasn’t yet fully absorbed by the Rockefeller Empire, although one can say that the family control over Washington was never higher. It would be more than a decade later, that the US Government became a part of the Rockefeller Empire. This reality was solidified during the Eisenhower Administration between 1952 and 1960. Since that time till the present, the family control over the executive and judiciary branches of the US Government was very secure. The legislative (Congress and Senate) is not a valuable prize, in terms of power. Thus, we find that the Rockefeller Empire has to contend, many times, with proxies in these two bodies that are under British/Rothschild control.

The youngest brother, David, was a powerful force on Wall Street, as well as an incredibly influential individual who traversed the highest echelons of society. After graduating from the London School of Economics, David went on to gain a PhD from the University of Chicago in 1940. After the war, David joined the company in which he would stay for the entirety of his professional career: Chase Manhattan Bank. Given that his uncle Winthrop Aldrich was chairman of the bank and his father and grandfather were its largest shareholders, David was unsurprisingly deemed to be nothing more than a spoiled rich kid upon arrival. However, he soon proved his worth, while his habit of getting the public subway to work every day helped to chip away at the spoiled status. His hard work saw him make his own way to the top, becoming co-CEO in 1960 and sole CEO in 1969.

During his time at the helm, David used his worldwide network to increase the bank’s foreign branches from 11 to 73, with Chase Bank becoming the first western bank to open branches in China and Russia (whose leaders knew his true power), securing its position as a truly global institution. David was also responsible for re-energising the bank from within, creating HR, planning and marketing departments with the help of none other than the ‘father of management’, Peter Drucker. Though the 1970s proved difficult, David held the role of CEO until retiring in 1981. When David joined Chase Bank in 1946, it was a $4.8bn institution. By 1981, it was worth $76.2bn in assets. As a result of two vast mergers, the bank is today the biggest in the US. The enormous power David wields is economic and financial. Corporations that he owns span the globe.

David began public speaking in 1953, and by the time he became CEO of Chase in 1960, his words on many issues foretold of future changes that benefitted the family empire and the super-wealthy families. David speaks for the 1% in America, on a variety of domestic and foreign issues. His words carry weight. Do remember, if the 1% in America are the aristocrats, then the Rockefellers are its royalty.

The Chase Bank, through its trust departments, controls more major corporations than any other institution. The Chase became the most powerful financial corporation in the world by 1960, and its power and reach expanded many-fold, over the ensuing six decades. And the Chase is only one of about 30 of the most powerful financial institutions in North America that is under the family control. These range from banks to insurance companies and investment firms such as Blackrock and the Carlyle Group.

The Chase Bank was primarily a wholesale bank dealing with other prominent financial institutions and major corporate clients such as General Electric and many of the Fortune 500 companies. The bank also is closely associated with and has financed the oil industry, having longstanding connections with its board of directors to the successor companies of Standard Oil, especially Exxon Mobil. Chase National became the Chase Manhattan Bank in 1955 and shifted significantly into consumer banking. Rockefeller started as an assistant manager in the foreign department. There he financed international trade in a number of commodities, such as coffee, sugar and metals. This position also maintained relationships with more than 1,000 correspondent banks throughout the world. He served in other positions and became president in 1960. He was both chairman and chief executive of Chase Manhattan from 1969 to 1980 and remained chairman until 1981. He was also, as recently as 1980, the single largest individual shareholder of the bank.

Davis’s office on the 17th floor of the Chase building in Manhattan

During his term as CEO, Chase spread internationally and became a central component of the world’s financial system due to its global network of correspondent banks, the largest in the world. In 1973, Chase established the first branch of an American bank in Moscow, in the then Soviet Union. That year Rockefeller traveled to China, resulting in his bank becoming the National Bank of China’s first correspondent bank in the U.S. He was faulted for spending excessive amounts of time abroad, and during his tenure as CEO the bank had more troubled loans than any other major bank.

In November 1979, while chairman of the Chase Bank, Rockefeller became embroiled in an international incident when he and Henry Kissinger, along with John J. McCloy and Rockefeller aides, persuaded President Jimmy Carter through the United States Department of State to admit the Shah of Iran, Mohammad Reza Pahlavi, into the United States for hospital treatment for lymphoma. This action directly precipitated what is known as the Iran hostage crisis and placed Rockefeller under intense media scrutiny (particularly from The New York Times) for the first time in his public life. See the full story called THE IRAN FILE, of how David toppled the Shah of Iran, and replaced him with the Ayatollah Khomeini – who-once in power, double-crossed David. The consequences of this betrayal have haunted Iran-US relations since.

 Rockefeller retired from active management of the bank in 1981, succeeded by his protégé Willard C. Butcher.

We will now discuss various highlights of his career.

In Latin America, David helped Nelson solidify family control over this rich continent. Military dictatorships were installed. Leaders who did not play ball were toppled or killed. The family’s intelligence division, the CIA, re-arranged American and Rockefeller control over most of the countries in Latin America. And, most importantly, the hated European and allied Rothschilds were stripped of their most valuable Latin American holdings, which were then taken over by the Rockefeller Empire.

As recalled, Junior gave Africato David. In early 1951, David made his first official visit to Africa. The wealth of the continent astounded him. Within a few years, David had increased the family’s holdings in a broad range of investments in a number of countries. An added factor was that the European colonial powers- such as Britain and France- were in debt to the US. Washington applied pressure on these two countries; the pressure took the form of financial loans and oil supplies. In the end, most of the countries in Africa and Asia became independent, owing mainly to Rockefeller pressure.

Once these countries had gained independence, most of them pivoted to the US- the land of “liberty, equality and freedom “. Furthermore, financial loans from the World Bank, and other Rockefeller banks gave these countries an illusion of freedom. David made sure that all of these newly-independent countries became members of the UN. And finally, American/Rockefeller companies gained entry into these countries, which were formerly the preserve of British and French companies.

In South Africa, the richest and most advanced country in Africa, David paired up with Anglo American Corp. Two key direct investments in South Africa turned out to be highly profitable. The first was when the Chase Bank bought a majority share of Africa’s largest bank, Standard Bank. This was followed by the founding of a petro-chemical giant, Sasol. Owned by the government and Standard Oil (Exxon), it converted coal into petrol. Since the early 1950s, Rockefeller presence grew in South Africa, that today; it is the second largest economic and financial giant, after the Oppenheimer’s Anglo American de Beers complex. And so it was in the rest of Africa.

 In Congo, a proxy war ensued between the Rockefeller Group and the Rothschild Empire. The incredible wealth of the Congo was in Rothschild/Oppenheimer hands, and the Rothschilds were not willing to grant any deals or concessions to the Rockefeller Group. At independence, the Oppenheimer family of South Africa, manipulated the richest province of the Congo – Katanga (now known as Shaba province)- to secede from the Congo. The Rockefellers would not hear of it. They wanted the Oppenheimers out, so that various American companies could replace British/French/South African mining interests in the Congo. This story will be fully explained when we are doing the article, titled “the Geopolitics of the Congo”.

David then got the UN to go into Congo. In 1961, its head Dag Hammarskold was even killed by the Rothschilds through a joint Anglo-French intelligence operation- code-named “Operation Celeste”. Two companies with an over-size interest in the natural resource wealth of the Congo are Union Mining (Belgium) and Anglo American (South Africa). Both are within the Rothschild orbit. Nonetheless, the Rockefeller Group prevailed in the Congo, and an uneasy truce was concluded between the two families. US mining companies then began investing in the Congo.

Another area of a clash between the two families was over Algeria, at that time a French colony. The country was rich in oil and gas, and France refused to grant independence to Algeria.  The CIA went into action by supporting the independence parties, supplying money and arms to the freedom fighters, etc. Beginning in 1954, and ending in 1962, the War of Independence cost some one million Algerian lives. The war in Algeria began shortly after the French were defeated by the Vietnamese independence group, the Viet Cong, led by Ho Chi Minh, and fully supported by the CIA. So, in two key areas, the Rockefellers threw the French out-Algeria and Vietnam. Others would soon follow over the next two decades.

 Europe has traditionally been the preserve of the Rothschild family and its allies. Beginning in the 1920s in Germany, American capital began making serious inroads in Europe. By 1950, a defeated, shattered and bankrupt Europe stood no chance against the Rockefeller/American juggernaut. First, it divided Europe and Germany between the West and Russia. Next, the US created and installed a military dictatorship on Europe called NATO; the aim – “to keep the Germans down, the Russians out and the Americans in”. It worked for the Rockefellers very well. From 1945 on, American companies expanded their presence, wealth and power in Europe, finally breaking the Rothschild monopoly over Europe.

The Rockefellers War & Studies Group Plan was to make sure that the Soviets occupy Eastern Europe, as well as take over the eastern half of Germany. The reason?  The mere presence of communist troops in Germany terrified the power elite of Western Europe, and when faced with the threat of no oil and money for their economies, all gave in to the multiple demands of the family, exercised through Washington, the Pentagon, Wall Street, the IMF and the World Bank. It was a combination even the most powerful countries cannot buck.

 To make sure that the European power elite understand the new, changed, post-war equation, and also their role in taking the Rockefeller vision forward, David Rockefeller founded a new policy-body, and called it the Bilderberg Group- named after the hotel that hosted the first meeting in 1954. The main aim of the Bilderberg group was to act as a “co-ordinating mechanism” for the Rockefeller and Rothschild families, in order to avoid any future problems between them, in the running of the world.

 With the Bilderberg Group now on the move, its first mission was to begin the process of uniting Europe economically, politically and financially. The process soon started, leading eventually to the EEC(The European Economic Council – Nelson and David Rockefeller LOVE to put “COUNCIL” and “COMMISSION” on many of their organizations), and finally to the European Union (the political), and finally to the Euro (the financial). This process lasted some 45 years, from 1945 to 1990. Once this was accomplished, the Rockefellers had no need of the existential threat to Europe from the Soviet Union. Thus, a year later, the Soviet Union ceased to exist.


No revolution can be successful without organization and money. The masses cannot provide it, but the Rockefellers and its allies can provide both. Revolution and international finance are consistent if the result of revolution is to establish more centralized authority. International finance prefers to deal with central governments. The last thing the banking community wants is an open economy and decentralized government, because these would disperse power. The handful of bankers don’t follow any ideology; above all else, these men wanted markets, preferably captive international markets – and a monopoly of the captive world market as the ultimate goal.

To understand why super-rich families like the Rockefellers and the Rothschilds would back a communist takeover of Russia, would best be explained as follows;- “while monopoly control of industries was once the objective of Morgan and Rockefeller, by the late 19th century, the inner sanctums of Wall Street understood that the most efficient way to gain an unchallenged monopoly was to “go political”, and make society go to work for the monopolists – under the name of the public good and the public interest. These are the rules of big business. Get a  monopoly; let Society work for you; and remember that the best of all business is politics, for a legislative grant, a franchise, subsidy or tax exemptions is worth more than a gold mine, since it does not require any labor, either mental or physical, for its exploitation. Wall Street did achieve its goal. US firms, within the Rockefeller orbit, would later go on and build the Soviet Union, in the military, industrial, agriculture and computer sectors. Since the Rockefeller and Rothschild families and their allies do not fear communism, it is because they control it. No other explanation makes sense. Remember, it is standard operating procedure for these two families and its allies to finance and control both sides of every conflict.

Russia is a super-rich country in terms of natural resources. It is the Saudi Arabia of most natural resources, from gold to oil to gas, diamonds, coal, platinum, nickel, and much more. It is also a powerhouse in agriculture and forestry. Under a strong leader, with a unified and command economy, it posed serious competitive threats to the Rockefeller Empire. The family worked with the Rothschilds in toppling the Czar, and installing a communist government in Moscow. Each family had their reasons for the takeover of Russia. The Rockefellers had now removed a major source of competition to their Standard Oil companies. Once the Bolsheviks were in firm control of the country, they then nationalized all private enterprises, even those owned by western firms. Only, Standard Oil was spared.

Having created their colony in Russia, the Rockefeller group have struggled mightily never since to keep it alive. From the beginning, in 1918, Wall Street has transferred funds, technology, and know-how to the Soviet Union. It is not an exaggeration to say that the Soviet Union was made in America! Only when FDR was made US President in 1933, did the US officially recognize the Soviet Union. And the Rockefeller family had put FDR into the White House.

From 1919 on, there was a close working relationship between the Kremlin and the Chase Bank. Soviet finances were all handled by the Chase, especially its export and import trade. Chase became the banker for all foreign trade deals of the Kremlin.  In 1926, Standard Oil lent the Kremlin $75 million, for which it was granted exclusive rights to sell Soviet Oil in Europe. A year later, Standard built a refinery in Russia, which helped immeasurably in putting the Soviet economy back on its feet. This was the first US investment in Russia since the Revolution.

During the Second World War (1939-1945), the family got Washington to help the Soviet Union with military supplies, arms, food, and money. Why would they not help the Soviets, when the family had helped bring them into power? Besides, the family wanted Eurasia destroyed, and what better way than to continue arming and funding the belligerents?

David Rockefeller’s 1964 trip to Moscow helped pave the way for wartime trade with the Soviet Bloc.

 In July 1964, David met with Soviet leader, Nikita Kruschev, in the Kremlin for a few hours.  Two months later, in September, Kruschev was fired!!  Kruschev refused to play along with the grand geopolitical vision that David Had. And, a month later, in October, David was meeting with his successor in the Black sea. Two years later, the White House announces a new policy towards the Soviet Union- a policy of increased investments in the Soviet Union, and “building bridges” to communist-ruled Eastern Europe.  Rockefeller power enabled David to fire the leader of the Soviet Union, because he was resisting the new US/Rockefeller policy, which would soon come to be known as “détente”. It would have been flabbergasting if one had not been following the machinations of David Rockefeller. The platitude that capitalists and Communists are archenemies has long been discredited, however quietly, by figures such as the Rockefellers

Above, Nelson Rockefeller greets Soviet premier Nikita Khrushchev in 1959.

In January 1967, an incredible article appeared as the headlines in the New York Times, wherein an announcement that the Rockefeller IBEC had teamed up with Tower International to facilitate trade with the communists, and two years later, in October 1969, N.M. Rothschild joined this group for the same purpose. Tower International was owned by Cyrus Eaton, who got his start from John D; he used to be John’s clerk, and was later backed by the family. Cyrus Eaton became very wealthy as a result, and the Rockefellers are still his largest shareholders. There have been many like Eaton within the US business world.

The China Gambit

 In 1949, Mao Tse Tung defeated the Nationalists in a long civil war, and took control of China, under the rule of the Chinese Communist Party.  International finance welcomed this, as it brought stability and dictatorship to China. The two families love to deal with dictators as it guarantees a timely repayment of loans, and low labor costs. Within two years, the Korean War broke out, and the Korean peninsula was divided into two. Asia was, historically, a preserve of the Rothschilds and the Europeans. The Rockefeller family applied immense pressure on France to give independence to Vietnam (a story we will do later), with the result was that another war broke out in Vietnam, resulting in the division of the country. In Asia, China was portrayed as the enemy.

The Rockefeller family was salivating at capturing the huge Chinese market. David, in a speech said that the Chinese market comprised 400 million consumers, and it should not be ignored. Following the 1968 Cultural Revolution in China, drought ravaged the countryside, economy was in very bad shape, and foreign currency reserves were very low. Things were looking bad on the domestic front. Hard-liners in the Politburo were pushing to invade Taiwan, as a means to gain the billions in dollar accounts in Taiwan, as well as a means to distract the masses from their dire economic position.

The CIA heard about it, and sounded the alarm.  At this time, America was deeply involved in Vietnam, and had China invaded Taiwan, it would lead to a nuclear war. To defuse the situation, Nelson and David consulted on this matter, and a CIA analyst proposed that some of the Yamashita’s Gold in Marcos’s possession should be utilized to solve this problem, reducing the pressure for war.

The Break-Through

 Nixon and Kissinger secretly offered Beijing some 20,000 tons of gold (then worth some $68 billion), to be moved into PRC banks in a number of tranches over several years. This would not be an outright gift. It would be deposited incrementally in various PRC banks in Hong Kong and in mainland China. There, the bullion would remain as an asset base, earmarked for various purposes, negotiated in advance. The Chinese banks would be strengthened, the PRC economy would be stabilized, moderates in the Politburo would regain their leverage, and hawks pushing for an invasion of Taiwan would be silenced. No US funds were involved. As one source said, “It was only Japanese war loot recovered by Marcos, and put to good use”.

Chinese Premier Chou-n-Lai, ever a pragmatist, pushed the deal through. Marcos agreed as he was fully supported by Washington. The White House told Marcos that Marcos could make state visits to China, as this would enhance their stature throughout the world. In 1974, Imelda Marcos and her son Bong Bong did make a state visit to Beijing, where they were photographed grinning goofily with a startled and frail Moa clamped between them, one of the strangest photos of Mao ever made. Marcos went to Beijing the following year, a curious thing for him to do as an outspoken Cold Warrior. Then Imelda’s brother Kokoy Romualdez became Manila’s ambassador to Beijing.

Beginning in 1972, and continuing over a period of years, Marcos gold was moved into such PRC-owned banks as Po Sang Bank and Bank of China in Hong Kong – and to other Chinese banks in Xiamen.

 After the first of these shipments, Kissinger secretly flew to Beijing from Pakistan, met with the Chinese leadership, and the following year, both Nixon and Kissinger flew to Beijing on a state visit, and thus, is how China was opened up to the West. This visit was followed by David flying to Beijing, and established the US-China link, after meeting with Chou-en Lai. It was this development that speeded up Chinese moves to become a part of the global economy, a few years later.

A Geopolitical Rivalry with Europe

 As I have explained over many articles, there was no love lost between the ruling elites of America and Europe – especially with Britain and France- two of the key Rothschild countries in Europe. The American aim, in the Second World War (1939-1945) was to reduce the global influence of the European colonial power – especially the British. At one point in the 1920s, the US drew up war plans to destroy the naval forces of Britain and Japan, and invade Canada,; these pans were code-named “Orange”, “Blue”, and “Red”. The British Empire was an obstacle on America’s path to global power domination.

When war broke out in 1939, Britain was beyond broke, and had a very limited supply of arms. Washington stepped in and supplied Britain with military equipment and other supplies. When the war ended, the British thought that Washington will forgive these debts- but they were in for a rude shock. To make his point felt, President Truman stopped a ship with urgently needed supplies for Britain, in September 1945. The British caved, and agreed to repay Washington almost $3 billion for the war-time aid.

Within a few short years, Britain ceded formal colonial control over large parts of her empire in Africa, Asia and the Middle East. In short, Britain became a junior partner to Washington, in global geopolitics. The key area where the Americans cut Britain down to size was in the Middle East.

The Middle East Contest

Here, we will explain just three cases.

Iran -1953

When Mossadeq nationalized BP’s holdings in Iran, they turned to the Rockefellers for help. Within two years, the CIA toppled Mossadeq, and re-installed the Shah of Iran. In return, Rockefeller oil companies got half of Iran’s oil.  In Iraq, the US had a 40% share, while the Rothschilds had 60%. Kuwait was a 50/50 deal, while Saudi Arabia and Bahrein belonged to the Rockefellers.

The Suez War 1956

 The crucial issue was the Rothschild control of the Suez Canal, run through an Anglo-French combine.

The CIA put Nasser and his group into power in Egypt after toppling King Farouk. Then, they whispered and manipulated Nasser into nationalizing the Suez Canal countries of Britain, France and Israel invaded Egypt in the 1956 Suez War. The Suez Canal was known as the “throat” of Europe’s oil lifeline. The Rockefellers wanted control of the Suez out of Rothschild hands.

The Americans were furious. They enacted sanctions, froze bank accounts, and it was only when the US enforced an oil boycott of Britain and France, that the Rothschilds gave in, and withdrew. In this manner, between 1950 and 1980, the US reduced Europe’s influence in the Middle East, and in other crucial areas around the world.

The October 1973 War

When Nixon closed the gold-dollar window at the Fed in August 1971, he effectively withdrew gold backing of the Dollar. Over the next two years, the dollar fell by 40% against the other major currencies. To instill confidence in the paper dollar, David Rockefeller conceived an idea that would make the dollar a sought after currency. At Nasser’s funeral in Egypt, in September 1970, one of the first foreign dignitaries to greet Anwar Sadat-Egypt’s new leader, was none other than David Rockefeller!

 Over the next two years, Kissinger orchestrated events that culminated in the October War of 1973. The result of the war had achieved the desired result- a 400% increase in the p[rice of oil, plus a new order establishing payment for oil only in dollars. A currency that was shunned two years earlier was now in big demand, as importers of oil had to pay for it in dollars. Thus, was born the Petro-Dollar!

David with Anwar Sadat-Egypt.

Then, starting in the late 1990s, a series of mergers took place amongst the big oil majors. Over the next few years, many of the original Standard Oil companies that were broken-up by the 1911 Sherman Anti-Trust decree began to merge. Below is the result. Big Oil Just got bigger. This is the current line-up of the main Rockefeller oil companies. There are other smaller ones not on this list. In addition, through various entities, the family also has large stakes in many other oil companies around the globe.

The story continues in the final installment i.e.. Part 6,

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