The most clear-cut evidence for the Rothschildts’ enduring reach and influence in the global arena was demonstrated recently in the wake of the Yukos controversy. The Russian government had taken over the rich oil conglomerate Yukos for unpaid taxes. It had also arrested Yukos’ owner Mikhail Khodorkovsky for tax fraud, asset stripping, creative accounting and other related crimes. Khodorkovsky stunned everyone by revealing that, following the loss of Yukos, a hitherto unknown clause in the ownership agreement of the Yukos properties had come into play, which reverted the ownership of Yukos to the Rothschilds. All along, Khodorkovsky had ben acting as a frontman! Very few knew about it – not even the Russian government! More bizzarre, support came from an unlikely source – Gennady Zyuganov, the leader of the Communisty Party.‡ Our wonderful comrade appealed to Russian President Putin to settle the matter amicably with the Rothschildts. This was not a case of of a chameleon changing its color but a leopard losing its spots – just unbelievable! Welcome to the House of Rothschilds.
“Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.” – Woodrow Wilson, 28th President of the United States (1913–1921).
Whether Britain is a stooge of the U.S. or vice versa has been a much-debated topic. Conspiracy theorists suggest both of them are stooges of the Rothchildts. The fact that the US has troops stationed in 130 countries has helped the notion that the Rothschildts own the world. Jewish businessmen have for centuries invested time and effort in cultivating a support network for their investments and business ventures. What sets the Rothschildts apart and makes them so formidable is the fact that their network spans the globe with people in media, trade, finance, politics, military and intelligence agencies acting in concert. The vastness of the network and the absence of clear boundaries to their influence have let tongues wag. It is difficult to tell who is working for whom and whose money is being spent and for whose benefit.
The Rothschilds are a dynasty. So, we need to go back in time. In the Middle Ages, as loose confederations in Europe began to consolidate into larger states, along with them seemingly sinister secret societies such as the Freemasons. In the Freemasons’ case, the main objective was to limit the power of aristocracy. They intended to achieve this goal by extending political and economic support to their members. Because of the inherent danger involved in challenging established powers, they preferred to operate in secret and membership was by invitation only. Freemasonry was originally intended to include only businessmen, craftsmen and traders but when some of them ended up counting political and military leaders as among them. They secretly helped in spreading subversive propaganda and were behind many social and political upheavels. Members were all the time being infiltrated into corridors of power while those already in power were secretly recruited. A Jewish conspiracy angle was sometimes attached to secret societies.
Meanwhile, it was being noted that many people of Jewish extraction had no trouble gravitating to the top. Their hard work and persistence brought them success but it also brought them unwelcome attention. Jews somehow found a way to flourish. They exploited opportunities where others had found none. Because the Catholic Church had banned usury for Christians, Jews ended up in large numbers as moneylenders. Hence, they were seen as “bloodsuckers” and noted for their “heartlessness.” In business, they formed monopolies and cartels to keep outsiders stay out. The reason was that they were difficult to bargain with and only other Jews knew how deal with them. But, very few saw it that way. The Christian belief that it was Jews who were responsible to the murder of Jesus Christ and the fact that Jews had not accepted Chrisitianity only added to the fire. Jews were regularly threatened with extinction. Being anti-Jewish, in thought and deed, became politically correct. In the 14th and 15th centuries, the campaign against Jews resulted in forced segregation throughout Europe. Jews had to live in ghettos, residential areas set apart from the rest of the society. Ghettos had high walls around them and with gates that were kept locked at night and during Christian festivals. Because horizontal expansion was not possible, ghettos grew vertically and were plagued by living hazards, overcrowding and unsanitary conditions. During riots, Jews were surrounded in all directions. Jews were also prevented from pursuing certain trades. Limits were placed on the population inside a ghetto as also the number of marriages allowed in a year. In the 16th century, Pope Paul IV established the Jewish ghetto in Rome and required all Jews to wear an yellow badge for easy identification. Martin Luther (the founder of the Protestant religion) was also a Jew-baiter. Anti-Jewish themes either smouldered or raged in Europe. It went out of favour only after Hitler brought it to intolerable notoreity in the form of World War II.† Evil Jewish stereotypes can be found in such works as the Merchant of Venice and Oliver Twist.
In these circumstances, some Jews found it very valuable and very necessary to have friends who were of power and consequence. M A Rothschildt, the founder of the Rothschild dynasty, also had to make a similar arrangement to jumpstart his career. He was born in Frankfurt (Germany) in 1743 as Mayer Amschel Bauer. He started out as a clerk at a bank owned by the Oppenheimers in Hannover and quickly rose through their ranks. In 1760, he went back to his ghetto in Frankfurt and joined the family business of dealing in second-hand goods. He also established a small currency exchange house¥ and dealt in rare coins on the side. For his business, he adopted the name Rothschildt (rote schildt or “red shield”) after the red shield emblem on their ancestral house in the ghetto. In the 1760s, he used one of his old acquaintances at the Oppenheimer bank to sell his rare coins to members of the royal court. His biggest client was Prince William of Hanau¤ to whom he sold some rare coins.
Mayer stopped dealing in used goods and went in for items like cotton, wine and tobacco. Mayer had cloth bought in Manchester to be sold in Frankfurt. His son Nathan handled the business from London. Mayer decided to use his London connection to greater use. The British made payments to the Prince with drafts that were to encashed in London. So, Mayer begged the Prince to let him cash a few drafts. This business earned him a small profit but more importantly he started dealing with the nobility. Mayer then lobbied broking houses for providing messenger services between them and the Prince. Soon, they were arranging investments for the Prince. Mayer’s son Solomon became a permanent fixture in the Court. Mayer’s biggest break (this time into international banking) came when he arranged a secret loan from the Prince to Danish king. The King was a relative and the Prince did not want to deal directly or use his regular bankers. Later, on the heels of an invasion by Napoleon, the Prince fled leaving a part of his fortune with the Rothschildts.
When the Fortune magazine makes list of wealthiest people, you will not find the Rothchids in them. Yet, the clan have given their name to the expression “fabulously wealthy as the Rothschilds.” This may be somewhat mystifying. To the outside world, they portray themselves as “merchant bankers;” people who make business deals (mergers, acquisitions, buyouts, etc.,) possible with their valuable advice. Their clients are big corporations and governments and deal sizes are naturally big. The profits, they insist, are not so fabulous. There is always an unmistakable effort to underwhelm observers. And, the media is happy to oblige. Here is an excerpt from BusinessWeek article celebrating the minor success of staying in business.
The Rothschilds Are On A Roll
“Schroder. Morgan Grenfell. Warburg. Fleming. Kleinwort Benson.” Sitting in his modest Paris office a stone’s throw from the Elysees Palace, David de Rothschild ticks off the names of once independent European investment houses that have slipped into the embrace of huge banks. “They’re all gone. We and Lazard are the only ones left.”
On the face of it, this harsh landscape bodes ill for the 58-year-old chairman of Rothschild & Cie Banque and his cousin, Evelyn de Rothschild, chairman of NM Rothschild & Sons, the clan’s London-based branch. The fabled Rothschild name was once synonymous with prodigious wealth and power. Today, the Rothschilds head a group whose employees number just 550. The likes of Goldman Sachs, Morgan Stanley Dean Witter, and Citigroup dwarf it. Despite having its best year ever for mergers and acquisitions, the Rothschild group’s total investment banking profit for 2000 will be barely $200 million, a fraction of what the big boys take home. With such competition, Rothschild “is going to be very fragile in the long run,” says one prominent banker in Paris.
N M Rothschild is a bullion bank. It acts as an intermediary and leases gold from the Bank of England at a very nominal rate (1%). The gold is sold and the proceeds invested in more sophisticated financial instruments, which earns them phenomenal profits. Of course, they don’t make these investments directly. Because the Bank of England expects to be paid back in gold (instalments), the Rothschilds buys gold from the market. In a falling market for gold, Rothschilds get to make a second round of profit. In a rising market, which has been the case lately, this profit gets reduced. So, in the 90s, Bank of England “announced” that it was going to sell of its gold hoard so that the wealth could be invested in more profitable investments. Other European central banks have made similar announcements. This is interesting because nobody in their right mind will announce in advance that they were going to sell something in such huge quantities? That would cause a price depression! Unless… unless you wanted to help those who have to repay the leased gold. Incidentally, N M Rothschilds is the leading member of the LBMA (London Bullion Marketing Association). Until recently and for nearly century, the international price for gold was fixed at the Rothschild offices in London twice daily. The scam went on successfully because leased gold, in accounting terms, is not really sold; it still remains in the bank’s books even after it has physically left the vault.
Interestingly, the Rothschilds exit the gold bullion business recently. The gold-rigging business has hit a wall. Asians are buying up most of the gold that is being unloaded by the central banks. Soon there would no gold left to depress the market. A day would come when the central banks would have to tell the public that their vaults are clean, all the gold has been leased at basement rates, and those who have leased the bullion are not paying up. When this happens, there will be a global cataclysmic financial collapse. It should not surprise anyone if the Rothschilds survive that one out – they probably sit on the biggest gold hoard ever.
* – This article is not yet complete. Meanwhile, read the Rothchild Dynasty PDF eBook.
‡ – The Communist Party has been at the forefront of the criticism of the privatisation programme, which was part of the Yeltsin-initiated and World Bank-dictated “economic reforms.” The programme meant to sell Russian state enterprises, supposedly to bolster government finances with the proceeds. While eventually failing to fulfill this objective, it however enabled a few individuals (all but one of them Jews, who later came to be known “the Oligarchs” and eventually controlled almost 90% of the Russian economy) pick up rich state properties at rock-bottom prices. Their connections to Western capital have never been fully understood and much of it remains shrouded in mystery. While the chosen few were laughing all the way to the bank, millions of Russians went below the poverty line. The Russian government became bankrupt and defaulted on its loans.
† – Before you say this is why Jews should have their own nation, let me remind you that Palestinians should not have been made the victim simply because Christians could not tolerate Jews. You cannot correct one wrong with another. Worse, the wrong (Israel) was directed at someone who was not party to the problem (Palestinians). There is no legal base that allows Jews from Europe to occupy some foreign land they chose. It is just wrong! (See Why Israel Is A Nation Of Squataters.)
¥ – Frankfurt was a major European port city. It was a popular destination as a host city for prominent international fairs and conventions. Also, Germany at that time was made up of large number of small states, each with its own individual currency. As a result, a lot of currencies were in circulation and these needed to be exchanged.
p class=”notes”>¤ – Like his father Frederick of Hesse-Cassel, Prince William trafficked in soldiers. He was related to many royal families in Europe who were his customers. Prominent among them were the British who used his soldiers in America, which was still then a colony. When his father died, he inherited the biggest personal fortune in Europe and became the Landgrave of Hesse-Cassel.