JP Morgan

JP Morgan is part of JPMorgan Chase & Co. 'a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries... JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands.'

It is also important to note that JP Morgan funded the work of Thomas Edison, inventor of the light bulb, circa 1870-1880. It was the diabolical teamwork of Morgan and Edison, that brought on the fall of the great Nicolai Tesla. Tesla had originally been hired on as an engineer working for Edison. Essentially, with the financial support of JP Morgan, Edison attempted to patent Tesla's designs under his name. One of these was the Tesla Coil, which used low-voltage alternating current (AC) and put it through a transformer, generating high-voltage output. High-voltage AC current meant that electricity could be supplied to cities without the requirement of an electricity-generating plant in each city. Edison was opposed to AC, because he had discovered direct current (DC) electricity. It has been suggested that Edison and Morgan were responsible for the spontaneous fire that destroyed Tesla's lab in 1895. It is possible, and likely, that his lab may have housed the beginning of an answer to supplying the world with free power indefinitely.

Resources

• Globalisation:JP Morgan
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