With over 200 patents to his name, Tesla was well on his way to transmitting electric power without wires, when he ran into trouble with J.P. Morgan, a financial interest, in 1901. His ambitious Wardenclyffe project to magnify and transmit power to ships at sea and eventually to provide free electricity for the whole world was scuttled by Morgan leaving Tesla penniless and disillusioned.
When J.P. Morgan prohibited Tesla from broadcasting electric power overseas with Wardenclyffe Tower, he said I can’t put a meter on it therefore I won’t finance it. That literally changed the course of history and for the past almost hundred years we’ve been suffering under that profit motive.
There are very strong and very powerful economic interests in the world, probably the strongest economic interests in the world, which are adamantly opposed to it. Can you see what this does to the oil rich nations. Can you see, eventually, what this will do to many things. Now actually what it’ll do, you will phase the oil… petrochemical industry won’t go away… you still need the oil for materials that’s in it and the chemicals and so it’ll be more and more petrochemical industry rather than keep burning and wasting the oil and putting all the pollutants in the biosphere. So many things will readjust. It’s going to rest control from a lot of the great wealthy control barons who now dominate largely the economic world. And their world is going to change…



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