Friday, October 23, 2009

The Ism of Destruction Part 4

This series of essays relates to Capitalism, and how it has been a tool to promote the demise of Democracy. The theory is that Private Capitalism does not work within a system designed to promote the ends of justice, because Private Capitalization as the reader of these essays will discern, promotes injustice and a transition to an ulterior form of governance.

Volume 4, Financing the Opium trade with China

When one delves into historical fact, one name appears most often, the Rothschilds, they were the financiers of most illicit activity both in Europe and America, having bought controlling interests in British East India Shipping Company and the illegal Opium trade with China. They offered junior partnerships to New England 's leading American families.

The Russell, Coolidge, Delano , Forbes and Perkins families became partners in the Rothschilds venture and became fabulously rich smuggling Opium aboard their speedy Clipper ships to China.

In 1820 Samuel Russell bought out the Perkins syndicate and ran the Opium smuggling operation with his partner Warren Delano Jr. who was the grandfather of President Franklin Delano Roosevelt.

Britain had found a commodity that China would accept, Opium, imported from India , just a few chests at first, and then thousands. When the Chinese authorities tried to stop the Opium trade, the British sent their Gunboats. After nearly 20 years of turmoil the treaty of Tien-Tsin in 1858 not only allowed Opium to be imported, but handed over China 's ports and all her international trade to Western control.

In 1842, the British stole Hong Kong from China in an Opium drug-deal called the treaty of Nanking signed 29 August 1842. The Qing government was obliged to pay the British government six million silver dollars for the opium that had been confiscated by Lin Zexu in 1839 (Article IV), 3 million dollars in compensation for debts that the Hong merchants in Canton owed British merchants (Article V), and a further 12 million dollars in compensation for the cost of the war (VI). The total sum of 21 million dollars was to be paid in installments over three years and the Qing government would be charged an annual interest rate of 5 per cent for the money that was not paid in a timely manner (Article VII).

Nevertheless, the treaties of 1842-3 left several unsettled issues. In particular it did not resolve the status of the opium trade. Although the American treaty of 1844 explicitly banned Americans from selling opium, the trade continued as both the British and American merchants were only subject to the legal control of their consuls. The opium trade was later legalized in the Treaties of Tianjin, which China concluded after the Second Opium War.

The Russell family who controlled the US arm of the Rothschild drug smuggling operation, set up the Skull and Bones fraternity at Yale University in 1832. William Huntington Russell founded the society along with fellow classmate Alphonso Taft. America's big money families formed the fraternity's inner power circle. Among them were the Taft, Russell, Schiff, Harriman, Bush, Warburg, Guggenheim, Rockefeller, Stemson, Weighouser, Vanderbilt, Goodyear and Pillsbury families they and others were all members.
NOTE 1: The only chapter of Skull and Bones created outside Yale was a chapter at Wesleyan University in 1870. That chapter, the Beta of Skull & Bones, became independent in 1872 in a dispute over control over creating additional chapters; the Beta Chapter reconstituted itself as Theta Nu Epsilon.
Note 2: Skull and Bones has developed a membership that is heavily tilted towards the "Power Elite". Barack Obama's economic adviser, Goolsbee was initiated into the club in 1991.
Note 3: Members are assigned nicknames. "Long Devil" is assigned to the tallest member; "Boaz" goes to any member who is a varsity football captain. Many of the chosen names are drawn from literature ("Hamlet," "Uncle Remus"), from religion and from myth. The banker Lewis Lapham passed on his name, "Sancho Panza," to the political adviser Tex McCrary. Averell Harriman was "Thor," Henry Luce was "Baal," McGeorge Bundy was "Odin." George H. W. Bush was "Magog," a name reserved for a member considered to have the most sexual experience. George W. Bush, unable to decide, was temporarily called "Temporary," and the name was never changed.
Note 4: Interestingly: The tradition of Gog and Magog is often associated with apocalyptic traditions, mainly in connection with Ezekiel 38 and 39; The War of Ezekiel 38–39 or The War of Gog and Magog is a controversial prophetical interpretation of two chapters of the Bible.

The original families associated with the drug trade, intermarried over the generations to form America 's big money aristocracy. Skull and bones member Alfonso Taft catapulted his son William Taft into the presidency.

Control of the Roman Catholic Church and American Banking

By 1823 the Rothschilds had been appointed guardians of the entire papal treasure and took over the financial operations of the Catholic Church. It was not long after that, enraged citizens accused the Rothschilds of trying to control the world's money markets. Fearing for their lives, the Rothschilds retreated into the shadows and cast their eyes on the youthful USA . To avoid publicity, the Rothschilds created and hid behind two front companies, J P Morgan and Kuhn and Loeb.

In 1851 George Peabody founded George Peabody and Company to meet the increasing demand for securities issued by the American railroads and three years later went into partnership with Junius Spencer Morgan (father of J. P. Morgan) to form Peabody, Morgan and Co., where the two financiers worked together until Peabody’s retirement in 1864. On his retirement, the firm was renamed J. S. Morgan & Co. The former UK merchant bank Morgan Grenfell (now part of Deutsche Bank), international universal bank JPMorgan Chase and investment bank Morgan Stanley can all trace their roots to Peabody 's bank. (Many Skull and Bones would become partners and principals in Morgan related firms).

By 1906 J P Morgan's bank controlled 1/3 of America 's railways and over 70% of the steel industry. He eventually had a major stake in the 20th century’s major companies, among them AT&T, ITT, General Electric, General Motors, Du Pont, and US Steal.

In Robert B. Forbes's autobiography Personal Reminiscences (1882), he talks about talking a trip to visit "constituents" in Europe , in 1841. His uncle, merchant T. H. Perkins went with him. In London they met with Forbes, Forbes and Co, Barings and the Rothschilds, "who were valuable constituents of Russell & Co."

During that first Opium War, the Chief of Operations for Russell & Co. in Canton was Warren Delano, Jr., grandfather of Franklin Roosevelt. He was also the US vice-consul and once wrote home, "The High officers of the [Chinese] Government have not only connived at the trade, but the Governor and other officers of the province have bought the drug and have taken it from the stationed ships … in their own Government boats."

The trading life started off rather Spartan, but through the years many upscale amenities led to a pampered lifestyle. Profits were huge and many fortunes were made. Warren Delano went home with one, lost it and then went back to China to get more. Russell Company partners included John Cleve Green, banker and railroad investor who made large donations to and was a trustee for Princeton; A. Abiel Low a shipbuilder, merchant and railroad owner who backed Columbia University ; merchants Augustine Heard and Joseph Coolidge. Coolidge's son organized the United Fruit Company, and his grandson, Archibald C. Coolidge, was a co-founder of the Council on Foreign Relations. Partner John M. Forbes "dominated the management" of the Chicago , Burlington and Quincey, with Charles Perkins as President. Other partners and captains included Joseph Taylor Gilman, William Henry King, John Alsop Griswold, Captain Lovett and Captain J. Prescott. Captain Prescott called on his friend and agent in Hong Kong F. T. Bush, Esq. frequently. Russell & Co. and Perkins & Co. families, relations and friends are well represented in the Order of Skull and Bones.

The discovery of gold in California brought more dynamics, increased clipper ship activity and a renewed impetus for transcontinental railroads, which were financed a great deal by opium profits from investors in America , Britain and Scotland.

The Wall Street financial meltdown, which has affected all of the industrial nations, and the manner in which our government responded, has transformed America from a Democracy to a Fascist Oligarchy, (Corporate governance) couple this with the direction we have taken as a nation, the wars of choice, and their furtherance leaves us to consider the cataclysmic end we are to face.

America is the last democracy to fall, and with its demise the world will follow. Rothschilds current wealth is estimated to be $500 Trillion. Assets of JP Morgan Chase are currently stated to be $2 trillion.