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David Rockefeller and the Looting of Iran

by  Dean Henderson

 

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

Under the iron-fisted rule of the US puppet Shah of Iran – who came to power after the 1953 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, twelve 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 only on developing the fortunes of both the Shah and Chase Manhattan.

David Rockefeller, whose family controls majority interest in the bank, chaired Chase. The Rockefellers added to their fortune during the Shah’s reign, taking in far more oil deposits in the country than it made in loans. [1]

By 1978 Iran had become the world’s fourth largest oil producer, supplying 18% of both Japan’s and West Germany’s oil, 50% of Israel’s and 100% of the South African apartheid regime’s. [2]  Yet the average Iranian worker languished in poverty.

Other Western banks behaved in similar fashion. This did not go unnoticed by Iran’s Central Bank Governor Al-Reza Nobari, who watched as his country sank deeper into debt while the Shah and his American bankers got filthy rich.

Nobari declared, “All the banks knew that the Bank Omran was the Shah’s personal repository for his pocket money.  But they went on lending to Bank Omran.  Citibank lent, for example, $55 million to (the Shah’s sister) Princess Ashraf for a housing project.  On the site of the housing project she built a palace.”

The Shah bought a share in Krupps, the huge German arms manufacturer.  He owned numerous hotels in Tehran, houses in Beverly Hills, Manhattan, Acapulco and the Swiss Alps.  He bought entire islands in the Seychelles and owned a race horse stud on a farm in Surrey, England.  The standard of living of the average Iranian continued to head south.

In late 1978 the same Tudeh Party that launched the 1951 strikes in the British Petroleum oilfields of Khuzistan, initiated an occupation of the offices of Oil Services Company of Iran (OSCO) in the city of Ahwaz.  OSCO was a tentacle of the Four Horsemen-controlled Iranian Consortium.

Soon afterwards, oilfield workers went out on strike.  SAVAK agents were set into motion by the Shah to quell the resistance.  Their brutality only inflamed the situation.  The workers began to target Four Horsemen executives.  Paul Grimm, Texaco’s Assistant General Manager, was gunned down in his car.  George Link, Exxon’s General Manager, was nearly killed by a car bomb. [3]

Ironically, the strike began at the very site where the Anglo-Persian Oil Company (now BP) had first struck oil back in 1908.  The strikes gained momentum, driving oil production down dramatically.  Iran’s urban centers became embroiled in mass protests organized by Fedayeen and Mujahadeen revolutionary groups, which had sprung up in response to two decades of SAVAK (the Shah’s brutal CIA-trained secret police) annihilation of any loyal opposition party critical of the Shah.

In this political vacuum the Iranian Revolution was beginning to play out.

Under orders from William Sullivan, who succeeded former CIA director Richard Helms as US Ambassador to Iran, the Shah installed a military government headed by General Azhari.  Sullivan was another CIA “old hand” from Laos.

There he had ordered US carpet bombing of Laotian cities even as a Pathet Lao victory became imminent.  He had also been instrumental in the CIA effort to prop up the dictatorship of Ferdinand Marcos in the Philippines. [4]

On September 8th, 1978, 3,000 protesters were massacred when Iranian troops under orders from General Azhari opened fire in the streets of Tehran in a macabre scene that became known as Black Friday.

Two days later US President Jimmy Carter called the Shah to reaffirm his support.  On Christmas Day 1978 Iranian oil exports ground to a halt.  On New Year’s Eve, the Shah resigned.  The “official story” was that his health was failing.

Oil prices shot up in Western nations, despite the fact that the Saudis had dramatically stepped up production, allowing the Four Horsemen to further stockpile crude.  While most of the world’s governments were scrambling to contain wild oil price increases, Carter deregulated oil prices, allowing Big Oil and their investment banker partners to bid up the spot price of crude to record levels. [5]

Later it became known that despite the induced panic, oil supplies actually increased 6.6% in 1979.  US consumers were overcharged $2 billion, while Big Oil penciled in more record profits.

As the leftist Committee of 60 took control of Iranian oil fields, the Shah was granted exile in Panama.  David Rockefeller, along with Chase International Advisory Board Director Henry Kissinger and former Chase Chairman and Warren Commission insider turned Saudi ARAMCO attorney John McCloy, ushered the Shah out of power.  They first brought the Shah to the US, where he was “treated” at Sloan-Kettering Cancer Center in New York, where David’s brother Lawrence Rockefeller was Chairman.

Iran’s interim Prime Minister Mehdi Bazargan had attempted to get an independent doctor to examine the Shah, saying the monarch’s health seemed fine. He hinted at a coup orchestrated by Chase.  The Shah later said the CIA overthrew him.  Few will ever know what type of “medical assistance” the Shah received at Sloan-Kettering, but he died shortly thereafter.

In 1978 General Robert Huyser, Deputy Commander of American Forces in Europe, had been dispatched to Tehran.  Huyser presided over a council of Iranian generals on the top floor of the Tehran Hilton where a plan was hatched to ease the Shah out and seize power before either the Tudeh/National Front populists could seize power.

The CIA also had a backup plan whereby General Oveisi, one of the Shah’s closest commanders, would seize the Khuzistan oilfields and declare independence. [6]  The USS Constellation battle group set sail from Subic Bay in the Philippines, arriving in the Arabian Sea to join other naval vessels.

In the end, the best-laid US military schemes failed and Ayatollah Khomeini and his mullahs filled the power vacuum before the CIA could.  But to the CIA’s mind it could have been much worse.  The Company far preferred Islamic fundamentalists to the Arab nationalists represented by the Tudeh, Fedayeen and Mujahadeen Parties in Iran.

Within a few years of the Iranian Revolution, the CIA was helping Ayatollah Khomeini identify nationalist leaders so he could target leftists who had formed the Committee of 60, which led the Iranian revolution.  In 1983 the CIA and British MI6 supplied a long list of Tudeh Party members to Khomeini.  The Ayatollah unleashed a reign of terror against the left; assassinating, torturing and imprisoning over 10,000 Tudeh members and supporters.  In 1989 many of those imprisoned were sentenced to death. [7]

The Israelis courted the mullahs as well.  Throughout the 1980’s Israeli pilots trained their Iranian counterparts on F-4 Phantom fighter planes at secret bases in Germany.  Mossad continued to fund and arm Mustafa Barzani’s PUK Kurd faction in their covert war against Iraq.  As recently as 2002 German Customs officials seized an Israeli shipment of weapons bound for Iran.

As the mullahs took power, Chase Manhattan called in a $500 million loan to Iran, claiming the country had defaulted. Interim Prime Minister Mehdi Bazargan had offered to repay the loan. He met with Carter NSA Zbigniew Brzezinski seeking a rapprochement.  But Brzezinski – a Rockefeller protégé had other plans for Iran.

US Ambassador to Iran William Sullivan accused Brzezinski of trying to sabotage US/Iran relations following the Shah’s departure.  Sullivan complained, “By November 1978, Brzezinski began to make his own policy and establish his own embassy in Iran.”[8]

While President Carter tried to calm the situation, Chase froze $10 billion in Iranian assets, so Iran could not repay the $500 million loan. In addition, according to Iran’s Central Bank Markazi Governor Ali Nobari, Chase whisked all of the Shah’s assets out of Iran.

Nobari later found that Chase had swindled Iran on interest payments for years. [9]  Chase later seized the $10 billion it froze, while Swiss authorities refused to return $25 billion, which the Shah had stolen from the Iranian Treasury over the years.

To add insult to injury the Shah departed the country with an additional $4 billion in Iranian Treasury assets.

Wealthy Shah-loyalists converted their rials into heroin before fleeing the 1979 Iranian Revolution.  The US State Department confirmed this fact after the 1980 trial of SAVAK agent Sharokh Bakhtiar, whose father had founded the Shah’s brutal secret police.

Bakhtiar spilled the beans on this scheme and revealed SAVAK’s use of heroin money to later finance counter-revolution in Iran.  He said the CIA allowed wealthy Iranians to smuggle their heroin into the US using diplomatic pouches. [10]  Iranian revolutionaries cracked down on the heroin trade, which had thrived under the Shah.

In 1978 the IMF bailed out the neighboring Turkish government where the Gray Wolves, the terrorist arm of the Turkish fascist movement, had long curried Iranian heroin to Europe through Yugoslavia and Bulgaria, and to the Middle East through Syria and Lebanon.

The Milan, Italy-based Stibam Corporation played a big role in the weapons for smack trade from its headquarters in the Banco Ambrosiano building.  Stibam worked closely with the CIA and sent Company arms to Somalia, Taiwan and the Philippines.  Both Stibam and Banco Ambrosianoare connected to the Italian P-2 Freemason Lodge which funds fascist terror networks worldwide. [11]

The Gray Wolves also worked with Sikh separatists in India who grew poppies in Khalistan to fund their CIA-backed war on the socialist Indian government of Jawaharlal Nehru, whose spiritual adviser was Mahatma Ghandi.  Sikh leader Jagjit Singh Chanhan was a British intelligence asset and a member of the Lausanne, Switzerland-based Nazi International, which Allen Dulles helped bolster through his Saudi-backed Banque Commercial Arabe.  It was Chanhan who assassinated Mahatma Ghandi. [12]

Banco Ambrosiano was headed by Michele Sindona, who was close to the Gambino crime family and offered $1 million for President Nixon’s re-election campaign.  The Vatican Bank owned a big chunk of Banco Ambosiano and held a large stake in Nixon Treasury Secretary David Kennedy’s Continental Bank of Illinois.

Kennedy and Sindona were good friends and Kennedy served as director at Sindona’s Luxemborg-based FASCO International, which was a conduit for CIA aid to P-2 and the Italian far right.  In 1974 the US Ambassador to Italy awarded Michelle Sindona with “Man of the Year” honors at a Rome ceremony. [13]

Another of Sindona’s close confidants was Robert Armao, who was President of the Vatican Foundation of St. Benedict, Cyril and Methodius.  Armao was a long-time Rockefeller lieutenant. He served as Chief of Protocol for Chase Manhattan’s most important depositor, the Shah of Iran.

In 1978 Kennedy’s well-looted Continental Bank went under, costing US taxpayers billions. Bank of America bought its remains for a pittance.   When Banco Ambrosiano failed in 1982 Armao organized a rescue of the shady bank.

The financial deceptions of Rockefeller’s Chase Manhattan combined with Carter’s refusal to return the Shah to Iran to face justice precipitated the Iranian hostage crisis at the US Embassy in Tehran, which lasted a year and a half.

It was Stibam Corporation that facilitated the secret arms-for-oil deal between Israel and Iran that, along with the agreement by a Chase-led consortium of banks to unfreeze Iranian assets, ended the hostage crisis.

Royal Dutch/Shell and BP delivered oil to Israel, the CIA delivered arms to the Ayatollah and Banco Amrosiano financed the transaction. [14]  In November 2001, the Iranian government reopened the mothballed US Embassy that once housed Richard Helms & Company  The new tenant is a history museum aptly named Den of Spies.


Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries and Das Kartell der Federal Reserve. His Left Hook blog is at www.deanhenderson.wordpress.com


Footnotes

  • [1] Hot Money and the Politics of Debt. R. T. Naylor. The Linden Press/Simon &Schuster. New York. 1987. p.372
  • [2] Tell the American People: Perspectives on the Iranian Revolution. David Albert. Movement for a Free Society. Philadelphia. 1980. p.2
  • [3] The Prize: The Epic Quest for Oil, Money and Power. Daniel Yergin. Simon & Schuster. New York. 1991. p.678
  • [4] Albert. p.8
  • [5] Yergin. p.689
  • [6] Iraq and Kuwait: A History Suppressed. Ralph Schoenman. Veritas Press. Santa Barbara, CA. 1990. p.16
  • [7] “War Criminals, Real and Imagined”. Gregory Elich. Covert Action Quarterly. Winter 2001. p.21
  • [8] Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. Harper-Collins Publishers. New York. 2000. p.28
  • [9] Endless Enemies: The Making of an Unfriendly World. Jonathan Kwitney. Penguin Books. New York. 1986. p.199
  • [10] The Great Heroin Coup: Drugs, Intelligence and International Fascism. Henrik Kruger. South End Press. Boston. 1980. p.223
  • [11] Naylor. p.94
  • [12] Dope Inc.: The Book That Drove Kissinger Crazy. Editors of Executive Intelligence Review. Washington, DC. 1992. p.367
  • [13] Kruger. p.224
  • [14] Editors of Executive Intelligence Review. p.504
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22 Comments for “David Rockefeller and the Looting of Iran”

  1. Please save this related priceless BOOK to your computer before it disappears:

    The Rothschild Dynasty, by Dr. John Coleman (former MI6)

    **************http://www.keepandshare.com/doc/3542672/the-rothschild-dynasty-john-coleman-2007-pdf-february-11-2012-10-26-pm-953k?dn=y&dnad=y

  2. It’s not my loss, it’s VT’s readers who only get a story on the optics of what happened in the Iranian revolution from a non-Iranian.

  3. Dean, do you have the text of the Consortium Agreement signed in 1954? Did it run for 25 years until 1979? Consider the following as a subtext to the ’79 revolution, to go with the frozen billions when the Shah went looking for “his” money.

    Operation Ajax, results: In 1954 Shah Pahlavi signed the Consortium Agreement with the result that, for the first time, United States oil companies shared in the control of Iranian oil, with the U.S. and UK evenly splitting 80% and 14% went to Royal Dutch Shell, and 6% of the French company CFP (later Total).

    The Iranian profits to the oil revenue was initially 25%. However, from Iran’s perspective, the Consortium Agreement of 1954 was far less favorable than conditions set forth several months earlier in the joint ‘Churchill-Eisenhower’ proposal to Mosaddeq.– After the founding of OPEC the contract with the Shah was amended several times, reaching more than 50% at the end. The contract of the consortium ended in 1979.– wiki

    As negotiations heated up in 1972 over the critical issue of the participation of producing countries in the oil industry, Americans persisted in regarding Iran as a stalwart of moderation, despite the Shah’s own far-reaching ambitions for control of Iran’s oil resources. (141, 157, 199) Although the Shah did not insist on the 20 percent industry ownership that some Arab producers then demanded, he asked the consortium for higher oil income and aid for Iran’s national oil company and refinery. In return, the Shah undertook to extend the consortium’s oil agreement beyond the current 1979 expiration date. –http://2001-2009.state.gov/r/pa/ho/frus/nixon/e4/72108.htm

    It would be interesting to see the terms of the 1954 and 1979 Consortium deals.

  4. Additional reference on Iran-U.S. matters:

    Flynt Leverett (CIA) Book: “Dealing with Tehran”
    ************http://www.youtube.com/watch?v=7a3Bfox0k4g

    Free (partial) book below:
    *************http://tcf.org/publications/pdfs/pb595/leverett_diplomatic.pdf

  5. Jack Otto had them all worked out. (youtube Forbidden Knowledge) Of course he had to be silenced, and he was in 2008 soon after this speech.

  6. Dear Mr. Henderson,

    I am a great fan of your work and I appreciate all the research you have done on the real history of banking cartels and their involvement in terrorism as well as other clandestine activities in the middle east and around the world. This article was also very informative but I want to point out a slight error in the information provided about the Sikh Separatists in India.

    The Khalistan movement was speareheaded by Jagjit Singh Chauhan, and he was not the one responsible for the death of Mahatma Gandhi. Mahatma/Mohandas Gandhi was assassinated by Nathuram Godse, a Hindu extremist, because he felt that Gandhi was being too generous towards the Muslim during the partition of India. This happened in 1948.

    Jagjit Singh Chauhan was instrumental in creating violent separatist movement in Punjab in the late 70s and early 80s. He was a key player in the assassination of Indira Gandhi, who was then the Prime Minister of India and was the daughter of Jawaharlal Nehru, Mrs. Gandhi had sent in the Indian Army into the Golden Temple at Amritsar during Operation Bluestar, which offended the Sikh population in India and was later assassinated by her Sikh bodyguards as an act of vengeance.

    I hope that you look into this information and make the changes to your otherwise extremely well researched and informative article.

    Thank You.

  7. Rahnameh comments are sometimes the only ones I do read. Some posters I agree with tend to say the same thing over and over again. Good stuff, nothing new. Rah is live and not memorex. If he is being censored, it is not a good sign, IMO. If Shrimpton and Baretzky get to dump their sewage here then it would seem anything can be said. Unless it can’t.

    • Says the fake “Sirhan Sirhan” Zionist shill.

    • Thanks, Daquamarine :) “Someone” deleted my other reply to you because it noted the narrative above conflated and ignored many details to assign blame where it was not due.

      Again, it’s not my loss, it’s the VT readers and this community, who are left without an Iranian perspective on an article about Iran.

  8. Jimmy Carter unaware U.S. embassy hostage scam ordered by Chase Bank (Rockefeller) in order to steal Iran’s money stated in this article:

    4/7 Syndrome of Control – Testimony of Jonathan May presented by Lindsey Williams –
    ***********http://www.youtube.com/watch?v=jEYpvV3OwEg

    For the rest of above video copy paste title into you tube window and change 4/7 to 1/7 to 2/7, 3/7, 5/7, 6/7, 7/7.

    • As I recently wrote on other pages of VT according to my understanding the reasons Iranians are still taking beatings (by Zio-propaganda) for & are still concealing the truths about the 1979 (Rockefeller-CIA) staged hostage scam & its staged hostage-rescue scam (actually to destroy U.S. nuclear waste processing plant in Iran desert) must be because of the fact that same Poppy Bush-CIA assets (aka: Iranian students of 1979) are still in power in Iran today & are still serving as CIA assets & are still conducting & concealing criminal conspiracies against Iran.
      On the other hand you may argue that Iran government doesn’t want to reveal the details because it would be too embarrassing for Iran government now to reveal what I documented here because it would show its own weakness!!!
      But I think an unbiased reader would agree with the odds of the first option above.

  9. Thank you Dean Henderson for another excellent post of high historical-factual content, where the Prima Dona, in the Global Zion Talmudic Play, is David Rockefeller, assisted by his chief consigliere Henry Kissinger.

    You rightly mentioned in your post both Henry Kissinger and John J. McCloy.

    In my commentary to Sherwood Ross article in VT: “Pentagon Held secret Meeting with Nuclear Industry”, I wrote (under point 2.), Quote:

    ” JFK’s assassination, (later also Robert Kennedy murder), was a Coup d’État, in which the INTERESTS of 2 parties converged: Israel and CIA/CFR. From 1950 to 1990, the CIA was the Military Arm of the CFR, the later run by the Rockefeller and the Rockefeller’s special counsel Dr Henry Kissinger.

    When JFK was slain in Dallas-Texas, John J. McCloy was head of the CIA, (chairman of the CFR 1953-1970). He was a Rockefeller man, former head of Chase Manhattan bank, (Money-Politics-Wars overt and covert Ops did mix then and they still do today, being the Zion Talmudic Mafia Dons, the ones who shape and implement the policies, and what they can’t get from the White House, they go to Congress and/or Senate and get it (Public and Notorious)”. Unquote

    The intricate network and extensive web of the Zion Talmudic Gang was actively at work then in Iran (the whole Middle East), playing ‘Divide and Conquer’, promoting and demoting heads of state, white washing drug money and stealing all the assets they can from Iran and other Nations.

    Above praxis is still in effect today, the means used to achieve the same goals have become more sophisticated and more brutal, including slaughtering, through False Flags Ops, innocent Americans and EU civilians (9/11, 7/7,Recent shootings USA-Norway), in order to fool the sheeple and stage the necessary excuses for Infinite Wars, impulsed by the Zion Talmudic Mafia Dons, for power, financial gain, to distract the Goyim attention from the real issues and cover up their tracks, leading to the heinous crimes committed by said Mafia.

  10. And the other point made strongly (was and still is) the manipulation of the oil markets at the expense of U.S. and global consumers.

    It is still occurring today,…and who is there to stop THEM. Where are any regulators or consumer watchdog agencies????? At every turn, whenever there is an excuse to push prices higher through manipulation of the news combined with manipulation of the markets, it happens, and another $ 50 Billion in consumer purchases is wasted on higher gas and related oil’s inflated price.

    Where and when will it stop? Where is Congress and the President?

    All we hear is the bullshit about the “fiscal cliff” when this much more egregious raping and pillaging of the consumer continues UN-Abated.

  11. I guess knowing the history of relations with Iran and what role we played is better than NOT knowing. On the other hand, the role of the “Bankers” is much more important than the U.S. Administrations “Official” Policy.

    The Bankers seem to be in complete control. The following quote is one of the more disturbing and would help explain why the people in Egypt, subject to similar “thievery” by Mubarak were so ENRAGED, as similar actions most likely occurred there.

    The outright theft and GREED is almost UN-Imaginable.

    “While President Carter tried to calm the situation, Chase froze $10 billion in Iranian assets, so Iran could not repay the $500 million loan. In addition, according to Iran’s Central Bank Markazi Governor Ali Nobari, Chase whisked all of the Shah’s assets out of Iran. Nobari later found that Chase had swindled Iran on interest payments for years. [9] Chase later seized the $10 billion it froze, while Swiss authorities refused to return $25 billion, which the Shah had stolen from the Iranian Treasury over the years.”

  12. B R A V O Dean Henderson (once again):

    & I have posted very related comments with linked references in your recent VT pages specially about Rockefeller’s (Chase) orders to CIA assets (via opium Poppy Bush) to first steel Iran’s $10 billion + in U.S. & Euro-banks & then deploy Bush’s assets in Tehran to occupy the U.S. embassy and take its workers hostage.
    With that pretext Rockefellers stole all the money and never returned it while (Opium) Poppy Bush made sure his hostages were kept until he was in power under pretext of Reagan presidency.
    There are thousands of Zio-Satanists Rotshchild-Rockefeller-CIA assets still working in Iran (including those bogus students of 30 years ago). Iran acquaintances have told me that Iran really has no way to get rid of its deep spies within.
    Today’s warmongerings against Iran is obviously (as Alan Roland had documented on VT before) because of Iran’s moves to devalue U.S. dollar as a medium of exchange because it has been counterfeited countlessly since 1944 as I provided links to in your previous pages and here again:
    **************ttp://www.mensch.net/ovaloffice/brief1.htm

    Probably the only way for Iran & rest of world to do away with this type of Zio-Terrorism is that soon (without previous warnings) suddenly devalue U.S. $$ to one cent and increase U.S. debt to foreign entities & governments 100 fold to officially declare it bankrupt so that all its physical & financial assets outside the country could be immediately reposed by the country of location.

  13. Thanks John! Yes, it is tied to the Vatican scandals via Turkish Grey Wolves & Stibam Corporation…

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