JP Morgan and the Kennedy Assassination: The NYT 'Black Spot' Threat
July 15, 2013 • 11:00AM

Fifty years ago today, the New York Times marked President Kennedy for assassination. A Times review by Bernard D. Nossiter, of books on the clash between Kennedy and the financiers running the steel industry, began with these words:

"When Roger Blough, chairman of the Board of U.S. Steel, in the style of 'Treasure Island,' last year gave Mr. Kennedy the 'black spot' announcement of another steel price increase, he touched off a series of events ..."

The Black Spot was the condemnation to death sent by pirates to one who had betrayed them, in Robert Louis Stevenson's novel Treasure Island.


President John F. Kennedy, 1961.

The London-controlled Morgan interests had controlled the U.S. Steel Company since the end of the 19th century. In 1962, their British imperial strategy of post-industrial looting set them into war against President Kennedy's attempt to boost the technological level of the American steel industry.

The same Bernard Nossiter wrote a 1978 book entitled Britain: A Future That Works, praising British leadership in taking the world out of expensive advanced industry and into the profitable post-industrial utopia.