Hidden History: The Secret Origins of the First World War. by Gerry Docherty

Author:Gerry Docherty [Docherty, Gerry]
Language: eng
Format: epub
Tags: History, Nonfiction, Retail, WWI
ISBN: 9781780576305
Amazon: 1780576307
Publisher: Mainstream Publishing
Published: 2014-09-02T04:00:00+00:00

If the article was written to shock Wall Street, it failed abysmally. What it demonstrated was that Jacob Schiff, the Pilgrim, was both a Rothschild agent and a trusted associate of J.D. Rockefeller, the Pilgrim. Morgan, Schiff and Rockefeller, the three leading players on Wall Street, had settled into a cosy cartel, behind which the House of Rothschild remained hidden but retained immense influence and power. Control of capital and credit was increasingly concentrated in the hands of fewer and fewer men until the rival banking groups ceased to operate in genuine competition.40

US politicians readily succumbed to the money-power influence. The Rothschilds’ first agent in the United States, August Belmont, served as the chairman of the Democratic Party National Committee from 1860 to 1872.41 The Morgan bank had an enormous influence on President Grover Cleveland, who spent most of his life inside the Morgan empire. Virtually all of his senior appointments were Morgan men, with an occasional place at the table for other bankers. His first secretary of state, Thomas F. Bayard, was a close ally and disciple of August Belmont. The dominant secretary of state in the second Cleveland administration was a leading lawyer for banking interests and was on the board of a Morgan-run company.42 Men close to Rothschild had the Democratic Party sewn up.

Rockefeller and his empire also treated the federal government with barely disguised contempt. His aforementioned chief executive John D. Archbold procured the services of elected representatives by including them on the company payroll. One senator from Ohio was paid $44,000 in a six-month period, while another from Pennsylvania received $42,500.43 Archbold was called to testify before a committee investigating the dubious contributions that Standard Oil had given to Republican campaign funds. He claimed that President Theodore Roosevelt was aware of the $125,000 contribution made previously by the Standard Oil Company to the Republican Party. Roosevelt was adamant that he had ordered his campaign team to reject such donations. Whatever the truth, the government of the United States, irrespective of which party was in power, was in the grip of the big banks close to Rothschild, Rockefeller and the Secret Elite.

The Morgan–Rockefeller–Kuhn, Loeb axis on Wall Street planned to consolidate their grip on America by setting up a central bank that, like those in Europe, would be owned and controlled not by government but by banks. Their banks. The problem facing the money power was that banks and bankers were not popular with the ordinary citizen in the United States, and there was widespread public antipathy towards a central bank. The Secret Elite’s solution was to deliberately create a banking crisis that would frighten the populace into accepting banking reforms. Shortly after a five-month spell in England in 1907, J.P. Morgan found the perfect opportunity. A rogue speculator, Augustus Heinze, owner of the Knickerbocker Bank, had been surreptitiously using depositors’ money in an attempt to corner the stock of the United Copper Company. Its value had been pumped up to $62 per share but two days later closed at $15 per share.

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