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of Morgan, twenty years before Glass Steagal Act was repealed.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.
Taylor Swift was born into wealth. Her father is “a descendant of three generations of bank presidents” and worked for Merrill Lynch.
RECOMMENDED READING:
Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America. by Greg Farrell