11.03.2015 Views

Study of the Hegemony of Parasitism - michaeljgoodnight.com

Study of the Hegemony of Parasitism - michaeljgoodnight.com

Study of the Hegemony of Parasitism - michaeljgoodnight.com

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

ROTHSCHILD INTERESTS IN ENGLAND<br />

In <strong>the</strong> early 19th century, <strong>the</strong> Rothschilds began to<br />

consolidate <strong>the</strong>ir pr<strong>of</strong>its from government loans into<br />

various business ventures, which have done very well.<br />

Fortuitous trading on <strong>the</strong> London Stock Exchange after<br />

Waterloo gave Nathaniel Mayer Rothschild a sizeable<br />

portion <strong>of</strong> <strong>the</strong> "consols" [bonds] which formed <strong>the</strong> bulk <strong>of</strong><br />

<strong>the</strong> deposits <strong>of</strong> <strong>the</strong> Bank <strong>of</strong> England. Joseph Wechsberg<br />

notes in "The Merchant Bankers":<br />

"There is <strong>the</strong> Sun Alliance life insurance <strong>com</strong>pany, most aristocratic <strong>of</strong> all<br />

insurance <strong>com</strong>panies, founded by Nathan Rothschild in 1824; Brinco, <strong>the</strong><br />

British Newfoundland Corp., founded by <strong>the</strong> British and French Rothschilds<br />

in 1952; <strong>the</strong> Anglo-American Corp., Bowater, Rio Tinto and o<strong>the</strong>rs."<br />

Not only does <strong>the</strong> bank rate <strong>of</strong> <strong>the</strong> Bank <strong>of</strong> England<br />

affect <strong>the</strong> interest rates in o<strong>the</strong>r nations; <strong>the</strong> price <strong>of</strong> gold<br />

also plays a crucial role in <strong>the</strong> monetary affairs <strong>of</strong><br />

nations, even if <strong>the</strong>y are no longer on <strong>the</strong> gold standard.<br />

The dominant role played by <strong>the</strong> House <strong>of</strong><br />

Rothschild in <strong>the</strong> Bank <strong>of</strong> England is augmented by<br />

ano<strong>the</strong>r peculiar duty <strong>of</strong> <strong>the</strong> firm, <strong>the</strong> daily 'fixing' <strong>of</strong><br />

<strong>the</strong> world price <strong>of</strong> gold. The News Chronicle <strong>of</strong> Dec.<br />

12, 1938, describes this ritual:<br />

"The story <strong>of</strong> <strong>the</strong> gold-fixing has <strong>of</strong>ten been told. How every weekday at 11<br />

a.m. <strong>the</strong> representatives <strong>of</strong> five firms <strong>of</strong> bullion brokers and one firm <strong>of</strong><br />

refiners meet at <strong>the</strong> <strong>of</strong>fice <strong>of</strong> Messrs. Rothschild (except on Saturday) and<br />

<strong>the</strong>re fix <strong>the</strong> sterling price <strong>of</strong> gold. There is, however, a great deal <strong>of</strong> activity<br />

which lies behind his final act -- this centralization <strong>of</strong> <strong>the</strong> demand for, and <strong>the</strong><br />

supply <strong>of</strong> gold in one <strong>of</strong>fice and <strong>the</strong> fixing <strong>of</strong> <strong>the</strong> price <strong>of</strong> gold on that basis. A<br />

price <strong>of</strong> gold is first suggested, probably by <strong>the</strong> representative <strong>of</strong> Messrs.<br />

Rothschild, who also acts for <strong>the</strong> Bank <strong>of</strong> England and <strong>the</strong> Exchange<br />

Equalization Account."

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!