The Federal Reserve Cartel: The Eight Families
The Four Horsemen of Banking (Bank of America, JP Morgan Chase,
Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil,
Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank,
BNP, Barclays and other European old money behemoths. But their
monopoly over the global economy does not end at the edge of the oil
patch.
According to company 10K filings to the SEC, the Four Horsemen of
Banking are among the top ten stock holders of virtually every Fortune
500 corporation.[1]
So who then are the stockholders in these money center banks?
This information is guarded much more closely. My queries to bank
regulatory agencies regarding stock ownership in the top 25 US bank
holding companies were given Freedom of Information Act status, before
being denied on “national security” grounds. This is rather ironic,
since many of the bank’s stockholders reside in Europe.
One important repository for the wealth of the global oligarchy that
owns these bank holding companies is US Trust Corporation – founded in
1853 and now owned by Bank of America. A recent US Trust Corporate
Director and Honorary Trustee was Walter Rothschild. Other directors
included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon
Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan
Stanley. [2]
J. W. McCallister, an oil industry insider with House of Saud
connections, wrote in The Grim Reaper that information he acquired from
Saudi bankers cited 80% ownership of the New York Federal Reserve Bank-
by far the most powerful Fed branch- by just eight families, four of
which reside in the US. They are the Goldman Sachs, Rockefellers,
Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London;
the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses
Seifs of Rome.
CPA Thomas D. Schauf corroborates McCallister’s claims, adding that
ten banks control all twelve Federal Reserve Bank branches. He names
N.M. Rothschild
of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg
Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of
Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy,
Goldman Sachs of New York and JP Morgan Chase Bank of New York. Schauf
lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman
as individuals who own large shares of the Fed. [3] The Schiffs are
insiders at Kuhn Loeb. The Stillmans are Citigroup insiders, who married
into the Rockefeller clan at the turn of the century.
Eustace Mullins came to the same conclusions in his book The Secrets
of the Federal Reserve, in which he displays charts connecting the Fed
and its member banks to the families of Rothschild, Warburg, Rockefeller
and the others. [4]
The control that these banking families exert over the global
economy cannot be overstated and is quite intentionally shrouded in
secrecy. Their corporate media arm is quick to discredit any information
exposing this private central banking cartel as “conspiracy theory”.
Yet the facts remain.
The House of Morgan
The Federal Reserve Bank was born in 1913, the same year US banking scion
J. Pierpont Morgan
died and the Rockefeller Foundation was formed. The House of Morgan
presided over American finance from the corner of Wall Street and Broad,
acting as quasi-US central bank since 1838, when George Peabody founded
it in London.
Peabody was a business associate of the Rothschilds. In 1952 Fed
researcher Eustace Mullins put forth the supposition that the Morgans
were nothing more than Rothschild agents. Mullins wrote that the
Rothschilds, “…preferred to operate anonymously in the US behind the
facade of J.P. Morgan & Company”. [5]
Author Gabriel Kolko stated, “Morgan’s activities in 1895-1896 in
selling US gold bonds in Europe were based on an alliance with the
House of Rothschild.” [6]
The Morgan financial octopus wrapped its tentacles quickly around the globe.
Morgan Grenfell operated in London. Morgan et Ce ruled Paris. The Rothschild’s Lambert cousins set up Drexel & Company in Philadelphia.
The House of Morgan catered to the Astors, DuPonts, Guggenheims,
Vanderbilts and Rockefellers. It financed the launch of AT&T,
General Motors, General Electric and DuPont. Like the London-based
Rothschild and Barings banks, Morgan became part of the power structure
in many countries.
By 1890 the House of Morgan was lending to Egypt’s central bank,
financing Russian railroads, floating Brazilian provincial government
bonds and funding Argentine public works projects. A recession in 1893
enhanced Morgan’s power. That year Morgan saved the US government from a
bank panic, forming a syndicate to prop up government reserves with a
shipment of $62 million worth of Rothschild gold. [7]
Morgan was the driving force behind Western expansion in the US,
financing and controlling West-bound railroads through voting trusts. In
1879 Cornelius Vanderbilt’s Morgan-financed New York Central Railroad
gave preferential shipping rates to John D. Rockefeller’s budding
Standard Oil monopoly, cementing the Rockefeller/Morgan relationship.
The House of Morgan now fell under Rothschild and Rockefeller family
control. A New York Herald headline read, “Railroad Kings Form Gigantic
Trust”. J. Pierpont Morgan, who once stated, “Competition is a sin”, now
opined gleefully, “Think of it. All competing railroad traffic west of
St. Louis placed in the control of about thirty men.”[8]
Morgan and Edward Harriman’s banker Kuhn Loeb held a monopoly
over the railroads, while banking dynasties Lehman, Goldman Sachs and
Lazard joined the Rockefellers in controlling the US industrial base.
[9]
In 1903 Banker’s Trust was set up by the Eight Families. Benjamin
Strong of Banker’s Trust was the first Governor of the New York Federal
Reserve Bank. The 1913 creation of the Fed fused the power of the Eight
Families to the military and diplomatic might of the US government. If
their overseas loans went unpaid, the oligarchs could now deploy US
Marines to collect the debts. Morgan, Chase and Citibank formed an
international lending syndicate.
The House of Morgan was cozy with the British House of Windsor and
the Italian House of Savoy. The Kuhn Loebs, Warburgs, Lehmans, Lazards,
Israel Moses Seifs and Goldman Sachs also had close ties to European
royalty. By 1895 Morgan controlled the flow of gold in and out of the
US. The first American wave of mergers was in its infancy and was being
promoted by the bankers. In 1897 there were sixty-nine industrial
mergers. By 1899 there were twelve-hundred. In 1904 John Moody – founder
of Moody’s Investor Services – said it was impossible to talk of
Rockefeller and Morgan interests as separate. [10]
Public distrust of the combine spread. Many considered them
traitors working for European old money. Rockefeller’s Standard Oil,
Andrew Carnegie’s US Steel and Edward Harriman’s railroads were all
financed by banker Jacob Schiff at Kuhn Loeb, who worked closely with
the European Rothschilds.
Several Western states banned the bankers. Populist preacher William
Jennings Bryan was thrice the Democratic nominee for President from 1896
-1908. The central theme of his anti-imperialist campaign was that
America was falling into a trap of “financial servitude to British
capital”. Teddy Roosevelt defeated Bryan in 1908, but was forced by this
spreading populist wildfire to enact the Sherman Anti-Trust Act. He
then went after the
Standard Oil Trust.
In 1912 the Pujo hearings were held, addressing concentration of
power on Wall Street. That same year Mrs. Edward Harriman sold her
substantial shares in New York’s Guaranty Trust Bank to J.P. Morgan,
creating Morgan Guaranty Trust. Judge Louis Brandeis convinced President
Woodrow Wilson to call for an end to interlocking board directorates.
In 1914 the Clayton Anti-Trust Act was passed.
Jack Morgan – J. Pierpont’s son and successor – responded by calling
on Morgan clients Remington and Winchester to increase arms production.
He argued that the US needed to enter WWI. Goaded by the Carnegie
Foundation and other oligarchy fronts, Wilson accommodated. As Charles
Tansill wrote in America Goes to War, “Even before the clash of arms,
the French firm of Rothschild Freres cabled to Morgan & Company in
New York suggesting the flotation of a loan of $100 million, a
substantial part of which was to be left in the US to pay for French
purchases of American goods.”
The House of Morgan financed half the US war effort, while receiving
commissions for lining up contractors like GE, Du Pont, US Steel,
Kennecott and ASARCO. All were Morgan clients. Morgan also financed the
British Boer War in South Africa and the Franco-Prussian War. The 1919
Paris Peace Conference was presided over by Morgan, which led both
German and Allied reconstruction efforts. [11]
In the 1930’s populism resurfaced in America after Goldman Sachs,
Lehman Bank and others profited from the Crash of 1929. [12] House
Banking Committee Chairman Louis McFadden (D-NY) said of the Great
Depression, “It was no accident. It was a carefully contrived
occurrence…The international bankers sought to bring about a condition
of despair here so they might emerge as rulers of us all”.
Sen. Gerald Nye (D-ND) chaired a munitions investigation in 1936. Nye
concluded that the House of Morgan had plunged the US into WWI to
protect loans and create a booming arms industry. Nye later produced a
document titled The Next War, which cynically referred to “the old
goddess of democracy trick”, through which Japan could be used to lure
the US into WWII.
In 1937 Interior Secretary Harold Ickes warned of the influence of
“America’s 60 Families”. Historian Ferdinand Lundberg later penned a
book of the exact same title. Supreme Court Justice William O. Douglas
decried, “Morgan influence…the most pernicious one in industry and
finance today.”
Jack Morgan responded by nudging the US towards WWII. Morgan had
close relations with the Iwasaki and Dan families – Japan’s two
wealthiest clans – who have owned Mitsubishi and Mitsui, respectively,
since the companies emerged from 17th Century shogunates. When Japan
invaded Manchuria, slaughtering Chinese peasants at Nanking, Morgan
downplayed the incident. Morgan also had close relations with Italian
fascist Benito Mussolini, while German Nazi Dr. Hjalmer Schacht was a
Morgan Bank liaison during WWII. After the war Morgan representatives
met with Schacht at the Bank of International Settlements (BIS) in
Basel, Switzerland. [13]
The House of Rockefeller
BIS is the most powerful bank in the world, a global central bank for
the Eight Families who control the private central banks of almost all
Western and developing nations. The first President of BIS was
Rockefeller banker Gates McGarrah- an official at Chase Manhattan and
the Federal Reserve. McGarrah was the grandfather of former CIA director
Richard Helms. The Rockefellers- like the Morgans- had close ties to
London. David Icke writes in Children of the Matrix, that the
Rockefellers and Morgans were just “gofers” for the European
Rothschilds. [14]
BIS is owned by the Federal Reserve, Bank of England, Bank of
Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank,
Bundesbank and Bank of France.
Historian Carroll Quigley wrote in his epic book Tragedy and Hope
that BIS was part of a plan, “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…to be controlled in a
feudalistic fashion by the central banks of the world acting in concert
by secret agreements.”
The US government had a historical distrust of BIS, lobbying
unsuccessfully for its demise at the 1944 post-WWII Bretton Woods
Conference. Instead the Eight Families’ power was exacerbated, with the
Bretton Woods creation of the IMF and the World Bank. The US Federal
Reserve only took shares in BIS in September 1994. [15]
BIS holds at least 10% of monetary reserves for at least 80 of
the world’s central banks, the IMF and other multilateral institutions.
It serves as financial agent for international agreements, collects
information on the global economy and serves as lender of last resort to
prevent global financial collapse.
BIS promotes an agenda of monopoly capitalist fascism. It gave a
bridge loan to Hungary in the 1990’s to ensure privatization of that
country’s economy. It served as conduit for Eight Families funding of
Adolf Hitler- led by the Warburg’s J. Henry Schroeder and Mendelsohn
Bank of Amsterdam. Many researchers assert that BIS is at the nadir of
global drug money laundering. [16]
It is no coincidence that BIS is headquartered in Switzerland,
favorite hiding place for the wealth of the global aristocracy and
headquarters for the P-2 Italian Freemason’s Alpina Lodge and Nazi
International. Other institutions which the Eight Families control
include the World Economic Forum, the International Monetary Conference
and the World Trade Organization.
Bretton Woods was a boon to the Eight Families. The IMF and World
Bank were central to this “new world order”. In 1944 the first World
Bank bonds were floated by Morgan Stanley and First Boston. The French
Lazard family became more involved in House of Morgan interests. Lazard
Freres- France’s biggest investment bank- is owned by the Lazard and
David-Weill families- old Genoese banking scions represented by Michelle
Davive. A recent Chairman and CEO of Citigroup was Sanford Weill.
In 1968 Morgan Guaranty launched Euro-Clear, a Brussels-based bank
clearing system for Eurodollar securities. It was the first such
automated endeavor. Some took to calling Euro-Clear “The Beast”.
Brussels serves as headquarters for the new European Central Bank and
for NATO. In 1973 Morgan officials met secretly in Bermuda to illegally
resurrect the old House of Morgan, twenty years before Glass Steagal Act
was repealed. Morgan and the Rockefellers provided the financial
backing for Merrill Lynch, boosting it into the Big 5 of US investment
banking. Merrill is now part of Bank of America.
John D. Rockefeller used his oil wealth to acquire Equitable Trust,
which had gobbled up several large banks and corporations by the 1920’s.
The Great Depression helped consolidate Rockefeller’s power. His Chase
Bank merged with Kuhn Loeb’s Manhattan Bank to form Chase Manhattan,
cementing a long-time family relationship. The Kuhn-Loeb’s had financed –
along with Rothschilds – Rockefeller’s quest to become king of the oil
patch. National City Bank of Cleveland provided John D. with the money
needed to embark upon his monopolization of the US oil industry. The
bank was identified in Congressional hearings as being one of three
Rothschild-owned banks in the US during the 1870’s, when Rockefeller
first incorporated as Standard Oil of Ohio. [17]
One Rockefeller Standard Oil partner was Edward Harkness, whose
family came to control Chemical Bank. Another was James Stillman, whose
family controlled Manufacturers Hanover Trust. Both banks have merged
under the JP Morgan Chase umbrella. Two of James Stillman’s daughters
married two of William Rockefeller’s sons. The two families control a
big chunk of Citigroup as well. [18]
In the insurance business, the Rockefellers control Metropolitan
Life, Equitable Life, Prudential and New York Life. Rockefeller banks
control 25% of all assets of the 50 largest US commercial banks and 30%
of all assets of the 50 largest insurance companies. [19] Insurance
companies- the first in the US was launched by Freemasons through their
Woodman’s of America- play a key role in the Bermuda drug money shuffle.
Companies under Rockefeller control include Exxon Mobil, Chevron
Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO,
United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing,
Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer,
Motorola, Monsanto, Union Carbide and General Foods.
The Rockefeller Foundation has close financial ties to both Ford and
Carnegie Foundations. Other family philanthropic endeavors include
Rockefeller Brothers Fund, Rockefeller Institute for Medical Research,
General Education Board, Rockefeller University and the University of
Chicago- which churns out a steady stream of far right economists as
apologists for international capital, including Milton Friedman.
The family owns 30 Rockefeller Plaza, where the national Christmas
tree is lighted every year, and Rockefeller Center. David Rockefeller
was instrumental in the construction of the World Trade Center towers.
The main Rockefeller family home is a hulking complex in upstate New
York known as Pocantico Hills. They also own a 32-room 5th Avenue duplex
in Manhattan, a mansion in Washington, DC, Monte Sacro Ranch in
Venezuela, coffee plantations in Ecuador, several farms in Brazil, an
estate at Seal Harbor, Maine and resorts in the Caribbean, Hawaii and
Puerto Rico. [20]
The Dulles and Rockefeller families are cousins. Allen Dulles
created the CIA, assisted the Nazis, covered up the Kennedy hit from his
Warren Commission perch and struck a deal with the Muslim Brotherhood
to create mind-controlled assassins. [21]
Brother John Foster Dulles presided over the phony Goldman Sachs
trusts before the 1929 stock market crash and helped his brother
overthrow governments in Iran and Guatemala. Both were Skull &
Bones, Council on Foreign Relations (CFR) insiders and 33rd Degree
Masons. [22]
The Rockefellers were instrumental in forming the
depopulation-oriented Club of Rome at their family estate in Bellagio,
Italy. Their Pocantico Hills estate gave birth to the Trilateral
Commission. The family is a major funder of the eugenics movement which
spawned Hitler, human cloning and the current DNA obsession in US
scientific circles.
John Rockefeller Jr. headed the Population Council until his death.
[23] His namesake son is a Senator from West Virginia. Brother Winthrop
Rockefeller was Lieutenant Governor of Arkansas and remains the most
powerful man in that state. In an October 1975 interview with Playboy
magazine, Vice-President Nelson Rockefeller- who was also Governor of
New York- articulated his family’s patronizing worldview, “I am a great
believer in planning- economic, social, political, military, total world
planning.”
But of all the Rockefeller brothers, it is Trilateral Commission (TC)
founder and Chase Manhattan Chairman David who has spearheaded the
family’s fascist agenda on a global scale. He defended the Shah of Iran,
the South African apartheid regime and the Chilean Pinochet junta. He
was the biggest financier of the CFR, the TC and (during the Vietnam
War) the Committee for an Effective and Durable Peace in Asia- a
contract bonanza for those who made their living off the conflict.
Nixon asked him to be Secretary of Treasury, but Rockefeller declined
the job, knowing his power was much greater at the helm of the Chase.
Author Gary Allen writes in The Rockefeller File that in 1973, “David
Rockefeller met with twenty-seven heads of state, including the rulers
of Russia and Red China.”
Following the 1975 Nugan Hand Bank/CIA coup against Australian Prime
Minister Gough Whitlam, his British Crown-appointed successor Malcolm
Fraser sped to the US, where he met with President Gerald Ford after
conferring with David Rockefeller. [24]
