The real story of AIG
By Vincent Gioia
04-06-2009



AIG has been in the news a lot these days. At the beginning of the AIG saga
the Fed said it was too big to allow it to fail and so billions were given
to "save" the company. Of course this failed and still more money was thrown
their way. When it was "discovered" that AIG had contractual obligations to
give serious bonuses to key employees, congress was irate. Even after it
became known that a Democrat, Senator Chris Dodd, inserted a provision in
the Stimulus bill to protect these bonuses at the request of the Treasury
Department, the jackals that passed, but didn't read, the bill were still
furious.

With all the attention given to AIG I think it is interesting to learn a
little more about the company.

First of all, some may be surprised to learn that AIG is a subsidiary of
American International Corporation (AIC) and the parent has a most
interesting history. AIC has succeeded in remaining invisible and does that
by relying on secrecy because that's how its founders liked it. John D.
Rockefeller, Sr., of Robber Baron fame, started the company in 1910. Other
Barons of industry joined John D.; Andrew Mellon, J.P. Morgan, and Andrew
Carnegie. Other American industrialists and bankers also joined the AIC
venture. The reason such an illustrious group of giants came together was
that knew the financial clout they could exert together would bring them
even more wealth, but more importantly, power; at a time when there were few
government restrictions interfering with business.

Rockefeller, the oil man, knew that Russia would become of major importance
because of the discovery of oil in Baku near the Caspian Sea in Azerbaijan.
The oil field was the largest known oil strike in the world at the time.
However, the Baku oil field was controlled entirely by the Swiss munitions
manufacturers Alfred and Robert Nobel and Tsar Nicholas II's banker, Baron
Alphonse Rothschild, who had gotten there earlier. As early as 1884
Rothschild and Nobel were pumping as much oil from the Baku Oil Fields as
Rockefeller was from all of his holdings in the United States and
Rockefeller wanted to get in on the action. By 1870 Rockefeller's Standard
Oil controlled 85% of the refining and distribution of oil in the entire
world but by 1880 he lost most of his distribution rights in Europe to
Rothschild.

In order to succeed in Russia Rockefeller realized the Tsar had to go.

Rockefeller, Morgan, Mellon and their banker friends were already well on
their way to creating a central federal bank owned by them and getting the
US to enact a national income tax to repay what the United States would soon
owe to that privately-owned central bank. Taking over Russian oil was
something else.

The Rockefeller group of business giants met in New York with Bolshevik Leon
Trotsky between 1907 and 1910. Rockefeller, his banker friends, Mellon and
Morgan, and steel man Andrew Carnegie, along with others of equal rank in
the business world pooled their resources and put up $50 million to form the
American International Corporation, AIC, which they announced was created to
stimulate world trade. However the real purpose was to get the Bolsheviks to
overthrow Tsar Nicholas II. They made a deal with Trotsky and his partner in
crime Vladimir Ulyanov, whom the world would get to know as Lenin. In
exchange for financing the Bolshevik Revolution Rockefeller and his robber
Baron friends would be allowed to take over the Russian oil fields. But what
actually happened is that Trotsky and Lenin double crossed AIC after they
helped topple the Tsar.

It is an unfortunate reality that but for the interference of the Robber
Barons the 1917 Bolshevik Revolution would not have succeeded. With the help
of Rockefeller and his equally greedy merry men the Tsar was overthrown. To
cement their power the Bolsheviks shot and killed the Tsar and his family
enabling the well-financed Bolsheviks to depose the Romanov dynasty.

After this bit of history it may be asked who, or what, exactly, is American
International Corporation? Jon Christian Ryter has written:

"AIC is one of the two largest corporations ever formed. The other is
Standard Oil, which was broken apart by US District Court Judge Kenesaw
Mountain Landis on August 3, 1907. At 4 p.m. on May 15, 1911, the US Supreme
Court upheld the Landis judgment, and what was one behemoth oil giant became
seven behemoth oil giants-with the Rockefeller family as the primary
shareholders in all of them (otherwise known as 'the seven sisters'). The
government would ultimately learn from its Standard Oil mistake because when
the Reagan-era Supreme Court broke up Ma Bell, AT&T was forced to sell-off
the breakaway companies."

AIC personnel comprised executives brought into the company who were trusted
associates from each partner's own commercial ventures. Rockefeller, Mellon,
Morgan and Carnegie masterminded the creation of AIC and built the
corporation similar to Standard Oil with secrecy layers that made it very
difficult to be scrutinized.

Among those brought into AIC was Frank Vanderlip from Rockefeller's National
City Bank, one of the seven people who would not only help write the Federal
Reserve Act legislation, but he would also be instrumental in getting
congress to enact the 16th Amendment* by promising them fame and fortune, or
threatening them with failure if they didn't go along. Vanderlip was on the
board of AIC along with such luminaries who served at various points of time
throughout AIC's century-old life, like Thomas Vail, CEO of AT&T, Percy
Rockefeller (one of John D.'s brothers), James A. Stillman (a Rockefeller
in-law), Pierre DuPont, and George H. Walker, maternal grandfather of George
H.W. Bush.

At one point Robert S. Lovett joined the board and became a key advisor to
President John F. Kennedy. Lovett advocated ignoring the 2nd Amendment and
disarming the American people as the first step in creating global
government.

"Other founding directors included manufacturer Cyrus McCormick; railroad
executive James J. Hill; Edwin S. Webster (Stone's partner); investment
banker Otto Kahn, meat-packer Ogden Armour; Assistant Secretary of the
Treasury for Taft, Beekman Winthrop; Henry Smith Pritchett, president of the
Carnegie Corporation; and Joseph P. Grace, then a Standard Oil chemist. He
developed petrochemical products from crude oil. Also, banker Charles H.
Sabin; W.E. Corey, head of US Steel; James Cash Penney, founder of J.C.
Penney; and Charles A. Coffin, who replaced Thomas Edison as CEO of General
Electric." (Jon Christian Ryter)

"In 1918, Forbes published his first list of the 30 richest America. Heading
the list were the invisible rich whose wealth is never supposed to be
mentioned by the media. Among them, alphabetically, were J. Ogden Armour,
Vincent Astor, Andrew Carnegie, Pierre DuPont, Henry Clay Frick, Daniel
Guggenheim, Cyrus McCormick, John Pierpont Morgan, John D. Rockefeller, Sr.,
Russell Sage, Jacob Schiff, Charles M. Schwab, and William Vanderbilt. Since
all but a few of these names own shares of the Federal Reserve, it is
unlikely that any of them became "less rich" over time. The business
holdings of these men included oil, coal, railroads, steel, gold and silver
mining, and investment banking. Rockefeller headed the Forbes list. His
wealth in 1918 was conservatively estimated at $1.2 billion by Forbes in an
age when a bank president who earned $5,000.00 per year and was considered
to be an extremely wealthy man."

The Robber Barons wanted a world without borders with a common currency with
which to trade anywhere in the world; a global economy with a global
government. Does this sound familiar?

*The 16th Amendment is the Inc0me Tax Amendment


http://vincentgioiasblog.blogspot.com/2009/04/real-story-of-aig.html

http://www.noonehastodietomorrow.com//index.php?option=com_content&task=view&id=1001&Itemid=35



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