Nexus - 0602 - New Times Magazine-pages

Page Content (OCR)

CENTRAL BANKING AND THE PRIVATE CONTROL OF MONEY CENTRAL BANKING AND THE CONTROL PRIVATE MONEY Using fractional reserve banking techniques, the Rothschilds and their allies began to dominate the central banks in the UK, USA and France by the early 19th century. Part 2 of 2 his is Frankfurt, Germany. Fifty years after the Bank of England opened its doors, a goldsmith named Amschel Moses Bauer opened a coin shop—a count- ing house—in 1743, and over the door he placed a sign depicting a Roman eagle on a red shield. The shop became known as the Red Shield firm or, in German, Rothschild. When his son, Mayer Amschel Bauer, inherited the business, he decided to change his name to Rothschild. Mayer Rothschild soon learned that lending money to governments and kings was more profitable than lending to private individuals. Not only were the loans bigger, but they were secured by the nation's taxes. Mayer Rothschild had five sons. He trained them all in the secret techniques of money creation and manipulation, then sent them out to the major capitals of Europe to open branch offices of the family banking business. His will directed that one son in each gen- eration was to rule the family business; women were excluded. Mayer's first son, Amschel, stayed in Frankfurt to mind the hometown bank. His sec- ond son, Salomon, was sent to Vienna. His third son, Nathan, was clearly the most clever; he was sent to London at age 21 in 1798, a hundred years after the founding of the Bank of England. His fourth son, Karl, went to Naples. His fifth son, Jakob (James), went to Paris. In 1785, Mayer moved his entire family to a larger house, a five-storey dwelling he shared with the Schiff family. This house was known as the Green Shield house. The Rothschilds and the Schiffs would play a central role in the rest of European financial his- tory and in that of the United States and the world. The Schiffs' grandson moved to New York and helped fund the Bolshevik coup d'état in 1917 in Russia. The Rothschilds broke into dealings with European royalty in Wilhelmshohe, the palace of the wealthiest man in Germany—in fact, the wealthiest monarch in all of Europe— Prince William of Hesse-Cassel. At first, the Rothschilds were only helping William speculate in precious coins. However, when Napoleon chased Prince William into exile, William sent £550,000 (a gigantic sum at that time, equivalent to many millions of today's US dollars) to Nathan Rothschild in London with instructions to buy consols—British government bonds, or government stock—but Rothschild used the money for his own purposes. With Napoleon on the loose, the opportunities for highly profitable wartime investments were nearly limitless. William returned to Wilhelmshéhe some time prior to the Battle of Waterloo in 1815. He summoned the Rothschilds and demanded his money back. The Rothschilds returned William's money, with the eight per cent interest the British consols would have paid him had the investment actually been made. But the Rothschilds kept all the vast wartime profits they had made using Wilhelm's money—shady practice in any century. Partly by such practices, Nathan Rothschild was able to brag later that in the 17 years he had been in England he had increased his original £20,000 stake given to him by his father by 2,500 times, i.e., to £50,000,000—a truly vast sum at that time, comparable in purchasing power to billions of US dollars today. As early as 1817, the director of the Prussian Treasury wrote on a visit to London that Nathan Rothschild had: ...incredible influence upon all financial affairs here in London. It is widely stated...that he entirely regulates the rate of exchange in the City. His power as a banker is enormous. Extracted from the book of the video THE MONEY MASTERS: How International Bankers Gained Control of America Published & revised in 1998 by Royalty Production Company PO Box 114, Piedmont OK 73078, USA www.themoneymasters.com Extracted from the book of the video THE MONEY MASTERS: How International Bankers Gained Control of America NEXUS © 11 7. THE RISE OF THE ROTHSCHILDS FEBRUARY — MARCH 1999