The Banking Elite Are Not Only Stealing Our Wealth, But They Are Also Stealing Our Minds

Page 5

Gilead Sciences Inc., the developer of Tamiflu, from 1997 until 2001, amassing holdings in the company that ensure that he is set to personally benefit from any future flu pandemic. And even by the official fairytale account of 9/11, Rumsfeld's staggering refusal to act in any meaningful way during the greatest crisis in modern American history (calmly proceeding with his regularly scheduled briefings as the crisis unfolded and remaining out of contact with subordinates who were desperately attempting to communicate with him) would alone be enough to indict him for misprision of treason. This is what the career of an elite super-gopher looks like. Like some evil twin of Forrest Gump, we find Donald Rumsfeld at the scene of nearly every major crime of the past half century, finding ways to personally profit and/or advance the globalist agenda. And yet, as impressive as Rumsfeld's credentials as wheeler-dealer of our era are, they pale in comparison to the man who towered over late 19th and early 20th century America: J. P. Morgan. Although remembered today mainly by way of the banking giant that still bears his name (and indirectly through the Monopoly character "Uncle Moneybags" that is said to be based on him), Morgan's influence over his own era is not well-remembered today, even as the shadow of that influence continues to cast its dark cloud over our own era. John Pierpont Morgan, or "Pierpont" as he preferred to be called, was born in Hartford, Connecticut in 1837 to Junius Spencer Morgan, a successful banker and financier, and Juliet Pierpont, daughter of John Pierpont, a fiery Unitarian preacher whose social activism forced him to resign from the pulpit. If there is any moment from Morgan's early life that prove particularly telling from today's standpoint, it is perhaps his choice of "hero" for a high school graduating essay: Napoleon Bonaparte. This is not from any military prowess on the part of the corpulent Morgan; when conscripted to fight in the civil war in 1861, he paid a substitute (whom he called the "other" J.P. Morgan) to fight in his place for $300, which is coincidentally the exact amount that he spent on cigars in just one year (1863). No, his choice of Napoleon as his personal hero was instead indicative of his outsized ambition and dreams of grandeur; dreams that, save for the title of "Emperor" and the crown to place upon his head, he would eventually realize. Morgan rode his father's coattails into the banking business, starting as an accountant at a New York firm that was a subsidiary to his father's own firm. A story that is oft-told in the feel-good "Biography" biographies of his early youth and cunning revolves around an assignment he was given as a junior accountant to study the cotton industry in New Orleans. As the legend has it, while there he encountered the captain of a ship hauling a load of Brazilian coffee that had arrived in port without a buyer. The captain was willing to sell the haul on the cheap to get rid of it before it spoiled, but Morgan didn't have the money to buy it himself. Instead, he used his firm's credit without the authorization to do so. His bosses were incensed, sending an angry telegram rebuking him for playing fast and loose with the company's finances, but by the time the telegram arrived, Morgan had already personally sold all of the coffee to local merchants, making a tidy profit in the process. Supposedly, this story is meant to teach us that Morgan was a hard-driving businessman with a nose for a good deal and nerves of steel...or something like that. What it certainly does show is that his sense of propriety and ethics, to whatever extent they existed, were no impediment to his mania for making a quick buck...especially on someone else's dime. In the ensuing decades, this reckless spirit and the monetary head start that his background and connections afforded him were to help him amass one of the largest fortunes in history. In the process, he became one of the most powerful men in the country. By 1860 he had started J. Pierpont Morgan and Company, acting as an agent for his father's firm. By 1864 he was a partner in his own firm, and by


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.