Tinseltown: Apologists For JP Morgan’s Titanic Involvement

The consciousness industry is getting busy apologizing for JP Morgan. Although Germany, Denmark, Italy, Serbia and Canada have already had the opportunity to see the 12-part series “Titanic: Blood and Steel,” a documentary about the construction and sinking of the RMS Titanic. It is one of the two large budget television dramas to be aired on the titanic in 2012, the centenary of the disaster.  So pop your popcorn and buy those large sodas (except for you NY) and get ready to be downloaded with a new storyline on the White Star Line Fleet and their telling of how the Titanic sank. Of course, many contend that the Titanic was not even the Titanic, and that insurance fraud and incompetence are at the heart of the tragedy.

Chris Noth is set to play JP Morgan. The actor who is best known for Sarah Jessica Parker’s ultra-succesful squeeze in “Sex and the City,” plays the real-life tycoon JP Morgan in “Titanic: Blood and Steel,” which premiers Monday night at 8.

“He’s fascinating to play,” says Noth. “At first he looks like this very rich guy that we all automatically resent. But he’s not what he seems.”

What history did Noth read? Of course, he obviously does not understand the tangled web JP Morgan has weaved to enslave the global population inside a certain Derivatives Bomb. And, although a common collective narrative is that the nefariousness of such a banking institution in today’s world is not tied to their history is fallacy.

“He was the richest man in the world and twice he rescued the country from financial ruin, in 1895 and around 1905. He cared deeply about the stability of the financial system.”

Saved the world from financial ruin? The financial ruin of 1895 and 1905 resulted in the same end-goal of all financial crises: wealth consolidation. The poor only got broader throughout the middle of the nineteenth century and on into the twentieth century as JP Morgan and the boards of directors throughout its history have consolidated the banking empire.

The series has got it right: JP Morgan did help finance the sailing of the Titanic. Namely, there were two ships: Titanic and Olympic. Olympic experienced serious damage in its maiden voyage, resulting in millions of dollars in needed repairs. It would take weeks to rebuild. The British Navy deemed that the accident had been the Olympics fault, and so White Star Line (and thus JP Morgan), facing financial troubles, had to think of something. And it did: insurance fraud.

The Olympic would become the Titanic. It underwent the makeover, which was not hard to do since the Titanic and Olympic were virtually identical, and then it sailed as the Titanic, crashing into an iceberg that would have been seen by miles and miles in the conditions in which Titanic sailed. Indeed, there were many other boats in the ice patch that night. Yet, the Titanic sank. Indeed, the week before the voyage, the Titanic increased its insurance on the boat to approximately $12 million from approximately $8 million. Today, that $12 million is worth $275, 3584,50.

As for JPMorgue himself in the series:

“He’s somewhat on the periphery of this series,” says Noth, “but I’d love to do a full biography on him. He was a very private man and he knew what he was doing.”

Strangely, the series dug deep for a new story of the Titanic, focusing on the building of the shit.  “The series does something incredibly smart,” says Noth. “It takes a subject that’s been well covered and finds a part of the story that hasn’t been told — the effort, the adventure and the dream of building this ship.”

The building of the ship – and whether or not the Titanic which sailed was really the Titanic – is one of the most questioned aspects of the project.