Fresh out of his job as the leading executive for British Capitalism plc (a.k.a Prime Minister) where, for ten years, he guarded, as best he could, the interests of the master class at home and abroad, Tony Blair has taken up a lucrative job with investment bankers JP Morgan, at an annual salary of £2 million (working a couple of days a month, if that).
By adding a corporate role to his responsibilities as Middle East envoy, Blair shows just how far to the right of the Tories he has ventured in recent years. Whereas Wilson and Callaghan were respectively quite happy to settle down farming and hosting a TV chat show with a miniscule audience, Blair seems cast in the traditional Tory leader mould, emulating Thatcher who served as an adviser for Philip Morris, the tobacco group and John Major who became the European chairman of the Carlyle Group and director of Mayflower, the car components and bus company. Even Ted Heath became a member of the public review board of the accountancy firm Arthur. But what do you expect from a man who, even before he became PM, could arouse a lengthy standing ovation from the Confederation of British Industries?
Not satisfied with the humble role of Middle East envoy, which brings with it a salary not to be sneezed at, not happy with having joined that lucrative international speaking circuit that rakes in mega bucks by talking bollocks to those with money to burn – Blair, for instance, reportedly received $500,000 for one speech in China – and a £5 -million deal with Random House to publish his memoirs, Blair now wants to mix it with the really big boys. Even the post with JP Morgan is not enough for this greedy, power-crazed bustard. Speaking last week (9th January), Blair said that he hoped to land a "small handful" of other comparable posts with firms in different sectors in the months ahead.
Of course they don’t hand jobs like Blair’s out to anyone. They have to be earned. So it’s not too difficult to see this as being Blair’s reward for seven years loyal support for the policies of Bush and his oil cronies, for services rendered to the political-military-industrial-complex and to those contractors who made mammoth profits since 9/11. Blair’s part in the invasion of Afghanistan and Iraq – for the US could never have gone to war without his wholehearted assistance – has paid off.
Glyn Myerscough, writing for ICH, argues that Blairs new found fortune can be also be tracked back ..
“to the week of 4th June 2007…when the US and EU, in a hardcore political action, signed a new transatlantic economic partnership to ‘harmonise’ regulatory standards - creating a single market…[establishing] ‘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.”
Myerscough tells us later in the same article how back in 1910 the chief executives of JP Morgan had a clandestine meeting – from both the US government and nation – with representatives of the private banks of Rockefeller, Kune, Loeb and Co to draft what, 30 years later, became the US Banking Bill and establishing the Federal Reserve Bank.
“….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 de-facto-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.
“.,..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?”
What few know is that it was JP Morgan money that was behind the attempted 1933 fascist coup plot – exposed by Smedley D Butler - that would have imposed a nazi dictatorship in the US and ended the FDR New Deal programme. (check out also the Smedley Butler quote in the left hand margin of this page).
John Spivak's newspaper articles entitled 'Wall Street's Fascist Conspiracy' (New Masses. January 1935) revealed that a congressional investigation, the McCormack-Dickstein Committee, buried the testimony of witnesses including General Smedley Butler which named JP Morgan as the crucial financier of the plot.
Morgan and friends put up a sum of $300 million with which to pull off the coup, hoping to raise an army of 500,000 veterans under the banner of the American Legion and the American Liberty League.
Although Butler’s exposure saved the US from an extreme right-wing take over, the plotters got away scot-free. The high level secrecy of the congressional hearings into the plot meant that none of the backers of the attempted coup were ever prosecuted.
A 2007 BBC Radio 4 documentary 'The Whitehouse Plot' also names nazi-financier Prescott Bush, grandfather of Dubya as deeply involved in the 1933 plot.
Say what you want, Blair is in the right company at last. Watch this bastard like a hawk!
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Blair’s Income:
£5m as an advance for writing memoirs.
£2m a year for part-time advice to JP Morgan bank.
£1.2m a year in estimated (minimum) earnings from the global lecture circuit.
£117,500 a year from Combined Prime Ministerial and MP's pension.
£90,000 a year in Public Service Allowance for the costs a former Prime Minister incurs from running an office.
£2m in expected (minimum) income from other private advisory roles.
£200,000 a year as (potential) EU president.
Total £10.6m
And outgoings:
£282,000 a year in total mortgage payments: on two properties in central London, a house in Co Durham and two flats in Bristol.
£200,000 a year in office running costs.
£100,000 a year in costs providing for children while at school and university.
£25,000 a year for the cost of a live-in nanny for seven-year-old Leo.
Total £607,000
Update
See also this Indymedia piece from 17th January 08 entitled Tony Blair and the business of making money.
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