Wizdom
20-09-03, 22:29
THE ROTHSCHILDS
Compiled by Alexander Cohen
The House of Rothschild
To understand the importance of the Rothschild's in world financial
markets, one must study the history of the House of Rothschild.
Ironically, despite their enormous influence on European finance and
banking for over 200 years, there are few references to the House of
Rothschild in history books. There are a few exceptions including the
exhaustive financial historical account of the House of Rothschild
between 1770-1830 entitled the "The Rise of the House of Rothschild"
by Count Egon Caesar Corti (1928) and "The Rothschilds" by Frederic
Morton (1962 ), undoubtedly a family-commissioned auto-biographical
account of two hundred years of the House.
The House of Rothschild was founded in 1776 in Frankfurt, Germany by
Mayer Amschel Rothschild - (born 1743 in Frankfurt, Germany). Mayer
fathered five boys who would establish the most successful merchant
banking network in England (Nathan), France (James), Austria
(Salomon), Prussia (Amschel) and Italy (Carl).
From humble beginnings as a rare coin trader, Mayer quickly built a
private merchant banking empire which was the choice of not only the
German Prince William, but also the financier of choice of the major
powers of Europe. The Rothschild name became synonymous with merchant
banking quality and safety. The financial acumen of Mayer and his five
sons became legendary. The acumen and the accumulated wealth of Mayer
has been continually passed down to the next male generation of
Rothschilds, without dilution. Their market worth has never been
audited or accounted for, following from Mayer's clever accounting
practices and the keeping secret books and subterranean vaults which
were never the privy of auditor, legal counsel or state taxmen. Their
mastery in financing both economic growth and war in Europe with both
gold and fiat currencies undoubtedly continues unabated into the 20th
century, though romantic auto-biographical accounts might lead you to
believe that "that was history."
Their financial hand has been in virtually every major European event,
including financing the Duke of Wellington defeat of Napoleon at
Waterloo, to financial aid to Prince Metternich of Prussia. The
Rothschilds were the first to build the railways of Europe. Studying
the Rothschild family acumen for stock markets, gold trade, and
financing of nations provides an insight into how 'Smart Money'
survives. The Rothschild name is also associated with philanthropy,
horticulture, and fine wines (the French house). While romantic
autobiographical accounts of the family suggest that their empire has
dwindled since World War II, all this may be a clever illusion to
avoid publicity and attention. In the words of the autobiographer
Frederic Morton "the family grooms the inaudibility and invisibility
of its presence as a result, some believe that little is left apart
from a great legend - and the Rothschilds are quite content to let
legend be their public relation"
Today, their historical ingenuity and financial acumen is undoubtedly
at work building new wealth regardless of a bear or bull stock, bond,
or gold market. They undoubtedly revolve in circles that include the
LBMA, and possibly every important central bank board of directors,
including the IMF. While even by conservative accounting, they are
undoubtedly the wealthiest family in the world, though you will never
see them listed in Fortune magazine.
Through the involvement of N.M. Rothschild and Sons Ltd. in the LBMA
in London, I believe they benefit from virtually every transaction in
financial trading, whether treasuries or gold bullion, negotiating
gold lease terms for central banks and mining companies, or simply
purchasing their own share of gold and gold real estate. One could
even imagine that they are involved in the trading of oil for gold and
dollars (as per ANOTHER's hypothesis), given their family's interests
in Royal Dutch Shell, the world's largest oil company. As Count Corti
in 1926, we shall examine the "reported" evidence of their past and
current influence in world financial events.
The English House of Rothschild (N.M. Rothschild & Sons)
Of the two major Rothschild Houses (French and English), the London
House (New Court ), founded by Nathan Mayer Rothschild and operating
today as N.M. Rothschild and Sons, is undoubtedly the most
influential, especially as it pertains to gold and currency trading.
Twice daily a Rothschild agent sits in a cloistered room "fixing" the
price of gold in the world's largest bullion trading market: the
London Bullion Market Association ( LBMA ). Historically, N.M.
Rothschild was owner and operator of England's Royal Mint Refinery and
was the primary gold agent to the Bank of England.
Nathan helped finance Britain's conquest of Napoleon at Waterloo, and
benefited in London's stock market from advanced knowledge (from his
superb courier service using pigeons) of Napoleons defeat at Waterloo.
Nathan helped finance the Duke of Wellington's army having bought
800,000 pounds of gold from the East Indian Company for $8 million
then selling the gold to the Duke to help defeat Napoleon. Hence,
Nathan became chief broker and pay master general to England's most
important army; the Rothschilds were England's lifeline for getting
paycheques to the English army. Nathan could single handily wipe out
savings of many a competitor by dumping "consols" in London driving
down their share prices, as he did with the advance news of Napoleon's
defeat. Nathan eventually switched businesses to "buying and selling
money only."
On a daily basis, Nathan was legendary in London's markets for jumping
in and out of the market with tens of thousands of princely rounds,
never too early and never too late. Eventually Nathan would become
richer than Prince William, his father Mayer's German client. It is
said that the Rothschilds were the inventors of the courier service
using passenger pigeons to relay news amongst the family and to their
client beneficiaries. Nathan's ability to depress stock prices, then
buy them up after people panicked was legendary.. He would use
Rothschild agents to send false news which would be used by observers
falsely leading the crowd astray, then he would buy up the same stock
at ridiculous low prices. One of the Rothschild's first victims was
the legendary Barings and Ouvard Bank which Nathan almost destroyed
after their competitor attempted to wrestle merchant banking business
from the House. Ironically, Barings Bank recently suffered an untimely
death at the hands of a rouge derivatives trader in Singapore!
More than any other family, the Rothschilds have built and maintained
an empire unparalleled by any monarchy in history. Their acumen as
money changers and financier to the leaders of Europe over the past
200 years is unparalleled. No single corporation or business entity
has survived with so much accumulated wealth intact.
To this day, N.M. Rothschild & Sons of London still lists as its
primary business the selling and buying of treasuries and gold
bullion. N.M. Rothschild helps fix the price of gold in London each
day through the LBMA. A recent London Times articles explained that
the gold price fix ceremony where five men (including a Rothschild)
talk on their phones for 10 minutes, then lower tiny Union Jacks
sitting on their desks, thereby fixing London's gold price each day.
This ceremony takes place at 10:30 a.m. and 3 p.m., like clockwork,
the same way, in the same place, and with mostly the same firms
participating since the first gold fixing was enacted at Rothschild in
St. Swithin's Lane on Friday Sept. 12, 1919. The company's name is
also associated with many gold mining companies (e.g. Trillion
Resources Ltd. and other Canadian mining companies).
The French House (Baron Edmond de Rothschild et.al.)
The French House, which was most recently headed by the Baron Edmond
de Rothschild, was the most powerful private merchanting banking arm
and the richest of all the Rothschilds and ran the Compaigne
Fincanciere, a world wide organization which builds villas, hotels,
pipelines, and finances other banks. Rothschild Freres, run by cousing
Baron Guy Eduoard, was the largest private bank in France. The French
House also controlled mining companies ( De Beers and gold mines in
South Africa ) , metal plants ( Rio Tinto ), oil interests ( Royal
Dutch Shell ) , and chemical industries (Morton, 1962). The Baron was
estimated to be the richest Rothschild and probably the most multiple
millionaire/billionaire in Europe. That wealth is now passed on to his
son, in Rothschild tradition always to the males, Benjamin ( 34 years
of age ) . Edmonds cousin Baron Guy Eduoard was director of the Bank
of France. Baron Guy, who owned the Compagnie du Nord railway network
in France, was known to use participants to join in ventures serving
as initiator and packager as well as guarantor with very deep pockets
of cash.
As Morton (1962) notes, the two banks in London and Paris are still
probably the largest private institutions in the world. "Although the
French house controls scores of industrial, commercial, mining, and
tourist corporations, NOT ONE bears the family name." In the 1920s the
banks of England and France were organized under the French House into
a noisless international syndicate that reached from J.P. Morgan in
New York to their cousin Baron Louis' Creditanstallt in Vienna,
Austria.
To appreciate the Rothschild's ability to sustain and increase their
wealth and avoid the scrutiny of both the public, the markets, and the
state taxation system, consider the story of the death of Edouard
Rothschild, of the French House. Anticipating the death of Eduoard in
1949, Rothschild agents began to sell their majority stock holdings of
Royal Dutch Shell, Rio Tinto and Le Nickel ( giant mining corporation)
to drive down the price of shares just prior to his death to reduce
the value of the estate that was subject to taxation by the French
Government. This selling created a panic in the world markets
depressing stock prices further. A few days following the death of
Eduoard, Rothschild agents bought the volume of stock back at
depressed prices, and his reported estate wealth was taxed at the
depressed price on the day of his death. One should never
underestimate the capacity of a Rothschild to influence markets, even
today.
Rothschild interests touch virtually every aspect of our lives. They
helped found and finance Royal Dutch Shell and De Beers. Following
World War II they invested in vast areas of resource rich properties
in Canada, possibly gold rich deposits. Joey Smallwood, premier of
Newfoundland, Canada, described the 50,000 square mile land purchase
by Rothschild as the biggest land deal in Canadian history. Their
influence extends to the Bank of England, Bank of France and most
likely the U.S. Federal Reserve, and possibly the IMF. They thus have
enormous influence on the world's monetary policy.
The Rothschilds and the LBMA: The World's Central Bank?
Consider the Rothschild's profound position of influence in the LBMA
and the transaction fees they are earning on each and every
transaction of treasuries and 42 million ounces of gold transactions
DAILY (recently reported volumes of physical, leased, forward sales).
The Rothschild business earns income from "transactions" (including
transfers, calls, puts, trades, leases) and one can only begin to
imagine the transaction costs associated with last reported trading of
over 42 million ounces of gold per day through the LBMA (more than
twice South Africa's annual gold production).
Also consider their involvement and influence over monetary policies
exercised by the Bank of England and the Bank of France (and possibly
the US Federal Reserve System) and in Geneva. Consider the world's
above ground gold reserves is roughly 120,000 tons -- with roughly
40,000 tons or 33% held by central banks. How is the remaining
"private" gold holdings distributed? Does anyone have such an account?
Certainly not the World Gold Council and their statistics. If a single
private owner held 5% of world's remaining gold, would that not
constitute majority share holdings? If any player could have
accumulated, and could afford a 5% holding of the world's gold supply
over the last 200 years, it would be the Rothschilds. Could it be that
the Rothschilds through their involvement in daily London gold trades
are quietly amasing more of the precious metals in their private
vaults, while the confidence game of the Central Banks tries
desperately to avoid what Soros calls "unsustainable" fiat currency
built on unsustainable debt? It was Mayer Amschel Rothschild who kept
a secret subterranean vault full of gold beneath the House of
Rothschild in Frankfurt in the 1770s (Morton, 1962) .
While the world is led to believe that gold is a barbaric relic of the
past, a huge confidence game is being played out in fiat currency
markets, illustrated by the events in Asia. In order to maintain
confidence in inherently unsustainable fiat currencies and
unsustainable debt, confidence in gold must be depressed, given that
it is the only alternative store of value. The increasing volume of
gold transacted through LBMA reflects the crescendo this confidence
game has reached. These large volumes also suggest that gold is
trading as currency and not as a barbaric commodity, as the press is
apt to suggest. Could it be that the LBMA is being used as a testing
ground for the establishment of a new gold-backed world currency
system? If so, the Rothschilds are in a position of enormous influence
over such a genesis process.
Consider these words of Stanley Fisher (WSJ, Nov. 12, 1997), IMF's
Deputy Managing Director:
"What is needed at this point in the world's economic affairs is
leadership in setting up a SYSTEM more dependable than using IMF
bailouts as a guide to the future value of money. Where that
leadership comes from is a tough question."
Indeed, will the leadership and system Fisher is speaking come from
the House of Rothschild through the central institution of the LBMA?
Only time will tell.
Compiled by Alexander Cohen
The House of Rothschild
To understand the importance of the Rothschild's in world financial
markets, one must study the history of the House of Rothschild.
Ironically, despite their enormous influence on European finance and
banking for over 200 years, there are few references to the House of
Rothschild in history books. There are a few exceptions including the
exhaustive financial historical account of the House of Rothschild
between 1770-1830 entitled the "The Rise of the House of Rothschild"
by Count Egon Caesar Corti (1928) and "The Rothschilds" by Frederic
Morton (1962 ), undoubtedly a family-commissioned auto-biographical
account of two hundred years of the House.
The House of Rothschild was founded in 1776 in Frankfurt, Germany by
Mayer Amschel Rothschild - (born 1743 in Frankfurt, Germany). Mayer
fathered five boys who would establish the most successful merchant
banking network in England (Nathan), France (James), Austria
(Salomon), Prussia (Amschel) and Italy (Carl).
From humble beginnings as a rare coin trader, Mayer quickly built a
private merchant banking empire which was the choice of not only the
German Prince William, but also the financier of choice of the major
powers of Europe. The Rothschild name became synonymous with merchant
banking quality and safety. The financial acumen of Mayer and his five
sons became legendary. The acumen and the accumulated wealth of Mayer
has been continually passed down to the next male generation of
Rothschilds, without dilution. Their market worth has never been
audited or accounted for, following from Mayer's clever accounting
practices and the keeping secret books and subterranean vaults which
were never the privy of auditor, legal counsel or state taxmen. Their
mastery in financing both economic growth and war in Europe with both
gold and fiat currencies undoubtedly continues unabated into the 20th
century, though romantic auto-biographical accounts might lead you to
believe that "that was history."
Their financial hand has been in virtually every major European event,
including financing the Duke of Wellington defeat of Napoleon at
Waterloo, to financial aid to Prince Metternich of Prussia. The
Rothschilds were the first to build the railways of Europe. Studying
the Rothschild family acumen for stock markets, gold trade, and
financing of nations provides an insight into how 'Smart Money'
survives. The Rothschild name is also associated with philanthropy,
horticulture, and fine wines (the French house). While romantic
autobiographical accounts of the family suggest that their empire has
dwindled since World War II, all this may be a clever illusion to
avoid publicity and attention. In the words of the autobiographer
Frederic Morton "the family grooms the inaudibility and invisibility
of its presence as a result, some believe that little is left apart
from a great legend - and the Rothschilds are quite content to let
legend be their public relation"
Today, their historical ingenuity and financial acumen is undoubtedly
at work building new wealth regardless of a bear or bull stock, bond,
or gold market. They undoubtedly revolve in circles that include the
LBMA, and possibly every important central bank board of directors,
including the IMF. While even by conservative accounting, they are
undoubtedly the wealthiest family in the world, though you will never
see them listed in Fortune magazine.
Through the involvement of N.M. Rothschild and Sons Ltd. in the LBMA
in London, I believe they benefit from virtually every transaction in
financial trading, whether treasuries or gold bullion, negotiating
gold lease terms for central banks and mining companies, or simply
purchasing their own share of gold and gold real estate. One could
even imagine that they are involved in the trading of oil for gold and
dollars (as per ANOTHER's hypothesis), given their family's interests
in Royal Dutch Shell, the world's largest oil company. As Count Corti
in 1926, we shall examine the "reported" evidence of their past and
current influence in world financial events.
The English House of Rothschild (N.M. Rothschild & Sons)
Of the two major Rothschild Houses (French and English), the London
House (New Court ), founded by Nathan Mayer Rothschild and operating
today as N.M. Rothschild and Sons, is undoubtedly the most
influential, especially as it pertains to gold and currency trading.
Twice daily a Rothschild agent sits in a cloistered room "fixing" the
price of gold in the world's largest bullion trading market: the
London Bullion Market Association ( LBMA ). Historically, N.M.
Rothschild was owner and operator of England's Royal Mint Refinery and
was the primary gold agent to the Bank of England.
Nathan helped finance Britain's conquest of Napoleon at Waterloo, and
benefited in London's stock market from advanced knowledge (from his
superb courier service using pigeons) of Napoleons defeat at Waterloo.
Nathan helped finance the Duke of Wellington's army having bought
800,000 pounds of gold from the East Indian Company for $8 million
then selling the gold to the Duke to help defeat Napoleon. Hence,
Nathan became chief broker and pay master general to England's most
important army; the Rothschilds were England's lifeline for getting
paycheques to the English army. Nathan could single handily wipe out
savings of many a competitor by dumping "consols" in London driving
down their share prices, as he did with the advance news of Napoleon's
defeat. Nathan eventually switched businesses to "buying and selling
money only."
On a daily basis, Nathan was legendary in London's markets for jumping
in and out of the market with tens of thousands of princely rounds,
never too early and never too late. Eventually Nathan would become
richer than Prince William, his father Mayer's German client. It is
said that the Rothschilds were the inventors of the courier service
using passenger pigeons to relay news amongst the family and to their
client beneficiaries. Nathan's ability to depress stock prices, then
buy them up after people panicked was legendary.. He would use
Rothschild agents to send false news which would be used by observers
falsely leading the crowd astray, then he would buy up the same stock
at ridiculous low prices. One of the Rothschild's first victims was
the legendary Barings and Ouvard Bank which Nathan almost destroyed
after their competitor attempted to wrestle merchant banking business
from the House. Ironically, Barings Bank recently suffered an untimely
death at the hands of a rouge derivatives trader in Singapore!
More than any other family, the Rothschilds have built and maintained
an empire unparalleled by any monarchy in history. Their acumen as
money changers and financier to the leaders of Europe over the past
200 years is unparalleled. No single corporation or business entity
has survived with so much accumulated wealth intact.
To this day, N.M. Rothschild & Sons of London still lists as its
primary business the selling and buying of treasuries and gold
bullion. N.M. Rothschild helps fix the price of gold in London each
day through the LBMA. A recent London Times articles explained that
the gold price fix ceremony where five men (including a Rothschild)
talk on their phones for 10 minutes, then lower tiny Union Jacks
sitting on their desks, thereby fixing London's gold price each day.
This ceremony takes place at 10:30 a.m. and 3 p.m., like clockwork,
the same way, in the same place, and with mostly the same firms
participating since the first gold fixing was enacted at Rothschild in
St. Swithin's Lane on Friday Sept. 12, 1919. The company's name is
also associated with many gold mining companies (e.g. Trillion
Resources Ltd. and other Canadian mining companies).
The French House (Baron Edmond de Rothschild et.al.)
The French House, which was most recently headed by the Baron Edmond
de Rothschild, was the most powerful private merchanting banking arm
and the richest of all the Rothschilds and ran the Compaigne
Fincanciere, a world wide organization which builds villas, hotels,
pipelines, and finances other banks. Rothschild Freres, run by cousing
Baron Guy Eduoard, was the largest private bank in France. The French
House also controlled mining companies ( De Beers and gold mines in
South Africa ) , metal plants ( Rio Tinto ), oil interests ( Royal
Dutch Shell ) , and chemical industries (Morton, 1962). The Baron was
estimated to be the richest Rothschild and probably the most multiple
millionaire/billionaire in Europe. That wealth is now passed on to his
son, in Rothschild tradition always to the males, Benjamin ( 34 years
of age ) . Edmonds cousin Baron Guy Eduoard was director of the Bank
of France. Baron Guy, who owned the Compagnie du Nord railway network
in France, was known to use participants to join in ventures serving
as initiator and packager as well as guarantor with very deep pockets
of cash.
As Morton (1962) notes, the two banks in London and Paris are still
probably the largest private institutions in the world. "Although the
French house controls scores of industrial, commercial, mining, and
tourist corporations, NOT ONE bears the family name." In the 1920s the
banks of England and France were organized under the French House into
a noisless international syndicate that reached from J.P. Morgan in
New York to their cousin Baron Louis' Creditanstallt in Vienna,
Austria.
To appreciate the Rothschild's ability to sustain and increase their
wealth and avoid the scrutiny of both the public, the markets, and the
state taxation system, consider the story of the death of Edouard
Rothschild, of the French House. Anticipating the death of Eduoard in
1949, Rothschild agents began to sell their majority stock holdings of
Royal Dutch Shell, Rio Tinto and Le Nickel ( giant mining corporation)
to drive down the price of shares just prior to his death to reduce
the value of the estate that was subject to taxation by the French
Government. This selling created a panic in the world markets
depressing stock prices further. A few days following the death of
Eduoard, Rothschild agents bought the volume of stock back at
depressed prices, and his reported estate wealth was taxed at the
depressed price on the day of his death. One should never
underestimate the capacity of a Rothschild to influence markets, even
today.
Rothschild interests touch virtually every aspect of our lives. They
helped found and finance Royal Dutch Shell and De Beers. Following
World War II they invested in vast areas of resource rich properties
in Canada, possibly gold rich deposits. Joey Smallwood, premier of
Newfoundland, Canada, described the 50,000 square mile land purchase
by Rothschild as the biggest land deal in Canadian history. Their
influence extends to the Bank of England, Bank of France and most
likely the U.S. Federal Reserve, and possibly the IMF. They thus have
enormous influence on the world's monetary policy.
The Rothschilds and the LBMA: The World's Central Bank?
Consider the Rothschild's profound position of influence in the LBMA
and the transaction fees they are earning on each and every
transaction of treasuries and 42 million ounces of gold transactions
DAILY (recently reported volumes of physical, leased, forward sales).
The Rothschild business earns income from "transactions" (including
transfers, calls, puts, trades, leases) and one can only begin to
imagine the transaction costs associated with last reported trading of
over 42 million ounces of gold per day through the LBMA (more than
twice South Africa's annual gold production).
Also consider their involvement and influence over monetary policies
exercised by the Bank of England and the Bank of France (and possibly
the US Federal Reserve System) and in Geneva. Consider the world's
above ground gold reserves is roughly 120,000 tons -- with roughly
40,000 tons or 33% held by central banks. How is the remaining
"private" gold holdings distributed? Does anyone have such an account?
Certainly not the World Gold Council and their statistics. If a single
private owner held 5% of world's remaining gold, would that not
constitute majority share holdings? If any player could have
accumulated, and could afford a 5% holding of the world's gold supply
over the last 200 years, it would be the Rothschilds. Could it be that
the Rothschilds through their involvement in daily London gold trades
are quietly amasing more of the precious metals in their private
vaults, while the confidence game of the Central Banks tries
desperately to avoid what Soros calls "unsustainable" fiat currency
built on unsustainable debt? It was Mayer Amschel Rothschild who kept
a secret subterranean vault full of gold beneath the House of
Rothschild in Frankfurt in the 1770s (Morton, 1962) .
While the world is led to believe that gold is a barbaric relic of the
past, a huge confidence game is being played out in fiat currency
markets, illustrated by the events in Asia. In order to maintain
confidence in inherently unsustainable fiat currencies and
unsustainable debt, confidence in gold must be depressed, given that
it is the only alternative store of value. The increasing volume of
gold transacted through LBMA reflects the crescendo this confidence
game has reached. These large volumes also suggest that gold is
trading as currency and not as a barbaric commodity, as the press is
apt to suggest. Could it be that the LBMA is being used as a testing
ground for the establishment of a new gold-backed world currency
system? If so, the Rothschilds are in a position of enormous influence
over such a genesis process.
Consider these words of Stanley Fisher (WSJ, Nov. 12, 1997), IMF's
Deputy Managing Director:
"What is needed at this point in the world's economic affairs is
leadership in setting up a SYSTEM more dependable than using IMF
bailouts as a guide to the future value of money. Where that
leadership comes from is a tough question."
Indeed, will the leadership and system Fisher is speaking come from
the House of Rothschild through the central institution of the LBMA?
Only time will tell.