JP Morgan Chase & the Looting of Iran

October 12, 2011 — Dean Henderson

(Excerpted from Chapter 1: David Rockefeller & the Shah of Iran: Big Oil & Their Bankers in the Persian Gulf…)

Yesterday the US Justice Department charged two men with conspiring with the Iranian government to assassinate Saudi Arabia’s US Ambassador Adel al-Jubeir. Today Occupy Wall Street protesters announced that they would target JP Morgan Chase. The historical irony of the two seemingly unrelated events is colossal.

Under the under-fisted rule of the US puppet Shah of Iran – who came to power after the BP-sponsored Mossadegh coup – Chase Manhattan, which later merged with JP Morgan to become JP Morgan Chase, issued letters of credit for all Iranian oil exports and monopolized deposits from the National Iranian Oil Company (NIOC), even after Iran nationalized Four Horsemen oil interests to create NIOC.

Chase controlled the Pahlevi Foundation which owned an oil company, 12 Iranian sugar refineries, electronics firms, cemeteries, mines, industrial bakeries, the country’s General Motors franchise, and a slew of banks – including the Shah’s personal piggy bank – the Bank Omran.  While “Omran” means “development”, the Pahlevi Foundation focused Continue reading