Tuesday, January 15, 2008

The Rising Son of the House of JP Morgan.

Tony’s Bu$ine$$.

By Glyn Myerscough

He was impregnably armoured with his good intentions and his ignorance.
Graham Greene – The Quiet American.

15/01/08 "ICH" -- - As former British Prime Minister Tony Blair takes up an advisory post with JP Morgan, at an annual salary of £2 million? some might ask is JP Morgan a successor company of the JP Morgan private bank whose senior executives met in secrecy – from both the US government and nation – with representatives of the private banks of Rockefeller, Kune, Loeb and Co at Jekyll Island on 22nd November 1910 to write what, on the eve of the Second World War, became the US Banking Bill, creating the Federal Reserve Bank?

Others might ask if a failed Prime Minister who has demonstrated such flawed judgement, choosing to believe in the lie of WMD rather than admit he was wrong – in legal parlance, is that not guilty but insane – (as the US rushed headlong into a war of aggression against a harmless failed state, brought to its knees after ten years of economic sanctions which killed half a million Iraqi infants, and by some independent counts has since slaughtered in excess of another 1 million), might actually be able to conjure up any words of wisdom worth a £2 million salary? Or to put it another way, is there anything Blair knows which JP Morgan doesn’t already know?

UK columnists are ‘subtle and nuanced’ suggesting Blair’s network of contacts – the doors he can open – make him such a marketable commodity. This fanciful notion is completely at odds with mainstream feeling across the UK political spectrum where Blair is quite simply persona non-grata. The population at large detest Blair who made it known he did not want a peerage. In point of fact it seems he was never offered one - because of the huge public outcry it would have provoked after the cash for honours cum political donations scandal. Scandals which even now rumble on, as it emerges Peter Hain, cabinet member and minister with portfolio, admits to £103,000 in undeclared political donations - some via a mystery think-tank, which hasn’t published any thoughts - due to administrative error?

So what on earth could JP Morgan want with a man like Blair? Why would they want to pay him a purported £2 million salary? We might find the answer in France where the US’s new poodle in new Europe, President Sarkozy is touting Blair for the EU Presidency. Since his resignation Blair has effectively been airbrushed from political existence - like the failed Soviet Siloviki of the 1950’s and 1960’s. Could Blair, the rising son of JP Morgan, be the New World Order’s chosen man in the new European century? Are we witnessing the rehabilitation of Blair as a ‘political asset’?

Returning to that secretive meeting of private bankers on Jekyll Island in 1910 – to write the US banking bill creating the Federal Reserve Bank – a meeting incidentally chaired by a certain Paul Warburg. Not many people this side of the Atlantic know the Fed’ has stockholders just like any other public corporation. They are, reportedly, paid 6% risk free interest every year on their equity holdings.

US military families, and British families - who lost ill-equipped husbands and sons in Iraq - might even be a little upset if they knew some of the owners of the US Federal Reserve Bank are powerful foreign investors from old Europe, including, reportedly, partners with giant US banks such as JP Morgan Chase as well as powerful Wall Street firms like Goldman Sachs - a world order banking cartel whose tentacles have profited from every global business activity - and every war - for the last two centuries.

The one attempt in the 20th century to break the power of this defacto-private bank, for this is precisely what the Federal Reserve is - when founded its board comprised 80% private bankers 20% government representatives – failed spectacularly. 44 years ago John F Kennedy attempted to end the Federal Reserve System to eliminate the national debt this ‘so called’ central bank creates by printing money and lending it to government.

On June 4, 1963, presidential order EO 11110 authorised the president to issue currency. Kennedy ordered the US Treasury to print $4 billion worth of "United States Notes" backed incidentally by US bullion reserves, to replace Federal Reserve Notes, which were backed by nothing, so he could end the Federal Reserve System and the control it gave international bankers over the US government and its citizens. Kennedy’s strategy to bring US troops home from Vietnam by the end of 1965, combined with the removal of the Fed’s control of the US money supply would have killed the profits of this private bank. Literally as Kennedy’s dollars went into circulation he was assassinated in Dallas.

During the build-up to the Iraq war Blair was impregnably armoured with his good intentions and his ignorance, and of course he had his shield of sincerity. He believed, sincerely, in the existence of WMD. He was sincerely wrong. Such bad judgement - don’t you think?

So what on earth do JP Morgan want with a man who could exercise such bad judgement? If it’s his advice on a ‘foreign adventure’ then shareholders at JP Morgan have many sleepless nights ahead – do they really want a poodle running around in the long grass with the big dogs.

Perhaps Blair’s £2 million advisory post at JP Morgan is simply nothing other than a former prime minister cashing in - Tony’s Bu$ine$$ - or perhaps its payback for paving the way for the US led invasion of Iraq, assisting, into the bargain, the political-industrial-security-complex and certain private bankers to make massive profits on the back of the Iraq war?

On one level you could be forgiven for thinking of Blair’s advisory post as ‘payola’ - considering it is now commonly accepted across the global political spectrum that the US could not have gone to war without Britain’s dogged diplomatic support.

Support which translated to Blair’s pandering to the whim’s of the Bush-Cheney axis, as media-guru Alastaire Campbell connived in the production of a ‘dodgy dossier’ to deceive parliament. Perish the thought. I was so pleased when the Daily Telegraph (11th January 2008), published details of Mr Blair’s annual income – thankfully there isn’t an entry for income from investments in arms companies – only a salary from JP Morgan.

JP Morgan may have been asked to set up a Trade Bank in Iraq, but I’m absolutely certain there isn’t an audit trail linking the hundreds of millions of US$ which went missing during Paul Bremer’s tenure of the Coalition Provisional Authority, to JP Morgan… or any other bank for that matter.

To find the answer to Blair’s sudden rising sun and his windfall position with JP Morgan we must look back to the week of 4th June 2007. This was when the US and EU, in a hardcore political action, signed a new transatlantic economic partnership to ‘harmonise’ regulatory standards - creating a single market. Or put another way established ‘economic and legal convergence’ in scores of areas including intellectual property, financial services and business takeovers. Doubtless this will maximise the profits of the few at the expense of the many. Doubtless the areas in which it will be most felt will be public health, social policy, justice and energy.

This time around Blair - the bit-part actor – if he is inaugurated as the first five-year term EU President will once again be impregnably armoured with his good intentions and his shield of sincerity. He will sing Bambi-like sincere, of the benefits to consumers of an enlarged US-EU market. I can predict Blair won’t mention downsizing, right-sizing, out sourcing, mergers, takeovers, and redundancies or private health-care, or wage and salary cuts – doubtless as always there will simply be winners and losers.

The private banking cartels meanwhile can plan the next stage in the great game. The single world currency - reportedly to be called the Phoenix - full spectrum financial dominance, another war perhaps?

As for the JP Morgan whose executives were instrumental in the creation of the Federal Reserve Bank – he will sleep soundly in his grave?

Glyn Myerscough is a freelance writer living in Yorkshire England

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