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Healthy Money Healthy Planet - library.uniteddiversity.coop

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and narrated by Bill Still, and available at www.themoneymasters.com. This<br />

documentary traces the origins of the political power structure that rules the<br />

world today.<br />

11 Quoted on www.globaljusticemovement.org/money, as sourced from<br />

Frederick Merton, The Rothschilds, A Family Portrait, New York: Atheneum, 1962.<br />

Meyer Amschel Rothschild was born in 1743 as Meyer Amschel Bauer, but later<br />

changed his name to Rothschild, meaning ‘red shield’, which was the sign<br />

displayed above the door of his late father’s moneylending and goldsmithing<br />

business, established in 1750. When Meyer died he left behind US$200 million,<br />

the largest personal fortune ever accumulated in Europe at that time. The five<br />

sons of this powerful financial dynasty – Amschel, Salomon, Nathan, Kalmann<br />

(Karl) and Jacob (James) – also all became involved in banking.<br />

12 Letter from Alexander Hamilton to Robert Morris, 30 April 1781, quoted by<br />

John H. Makin in The Global Debt Crisis: America’s Growing Involvement, New<br />

York: Basic Books, 1984, p246.<br />

13 Quoted in Hamilton’s Blessing by John Steele Gordon, New York: Walker and<br />

Co., 1997. Gordon notes that as early as 1781, at the age of 26, Hamilton had<br />

observed in a letter to Robert Morris (the so­called ‘financier of the Revolution’)<br />

that ‘A national debt, if it is not excessive, will be to us a national blessing … It<br />

will … create a necessity for keeping up taxation to a degree which, without<br />

being oppressive, will be a spur to industry’ (originally quoted in The Federalist,<br />

1788).<br />

Chapter 2<br />

1 World Bank, Global Development Finance 1999, Washington, DC: World Bank,<br />

1999, accessible at www.worldbank.org/prospects/gdf99.

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