In 1915, on the US House floor a TX Congressman provided proof that J.P. Morgan had bought out 25 of the leading newspapers of that time and placed his own editors in charge.
Turns out he had done that in 1906, a year before a financial crash in 1907.
He used those presses to engineer a financial coup on smaller banks.
The propaganda worked and his bank bought out all of those smaller banks.
In 1915, on the US House floor a TX Congressman provided proof that J.P. Morgan had bought out 25 of the leading newspapers of that time and placed his own editors in charge.
Turns out he had done that in 1906, a year before a financial crash in 1907.
He used those presses to engineer a financial coup on smaller banks.
The propaganda worked and his bank bought out all of those smaller banks.
It has been "rinse and repeat" ever since.