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House of Rothschilds

House of Rothschilds

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Published by Hunter6677

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Published by: Hunter6677 on Aug 19, 2011
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source url: http://www.gwb.com.au/gwb/news/banking/ro thchild.html 
The Rothschilds, LBMA, and Gold 
 It would be insufficient to sum up the (Rothschild) family as still very wealthy...(their fortunes are as) ineffable as always....today the family grooms theinaudibility 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 betheir public relations.
" (
The Rothschilds
, Frederick Morton, 1962)Gold-Eagle analysts, including the Red Baron's
The Grand LBMA Exposés
(http://www.gold-eagle.com/gold_digest/baron1110.html) and the Oracle
of Alberta's
 Novus Ordo Seclorum and China
), have drawn attention to the role of theLondon Bullion Marketing Association (LBMA) and to the House of Rothschild,as a key player at the LBMA and global gold markets. The intention of this essay isto provide an in-depth forensic historical and geopolitical assessment of key issuesand players in today's markets. For this purpose, an historical analysis is a goodteacher. To understand today's currency and gold markets requires a study of theHouse of Rothschild; undoubtedly the world's most influential merchant bankingpower for over 200 years.
When a Rothschild Falls in the Forest, Does Anyone Hear It?
Most people would have overlooked the
Globe and Mail's
(Canada's nationalnewspaper) news clip announcing the very recent death of Baron Edmond deRothschild in the newspaper's International Business section. The Baron's death isno small event when considering the importance of the Rothschild's in Europeanand global financial history. When a Rothschild dies, does anybody hear it orunderstand the significance? It is ironic that while days of attention were devotedto the deaths of Princess Diana and Mother Theresa, virtually no attention is givento the death of a member of one of the wealthiest families in the world.The following description of the Baron's demise appeared in the
Globe and  Mail
under his picture:
"Baron Edmond de Rothschild, philanthropist, international financier and member of the banking dynasty, died Monday in Geneva, of a respiratory illness at age 71,a spokesman said. Mr. Rothschild was president of his Geneva-based bank and  financial companies as well as the Luxembourg-based Leicom Fund. He wasbelieved to be the richest family member (of the House of Rothschild) that has played a major role in French business and culture for nearly two centuries. The Rothschilds are widely known for their wineries in the Bourdeaux region of France, including the Baron's Chateau Clarke, where he is to be buried this week in a private ceremony. Mr. Rothschild was named an officer of France's legion of honour in 1994, and its order of arts and letters in 1990. Throughout his life, hedonated the equivalent of tens of millions of dollars to hospitals, museums, and theState of Israel. An avid art collector, he gave works to the Louvre museum inParis. Mr. Rothschild's son Benjamin, 34, will succeed him as president of Paris-based Cie Financiere Holding Benjamin et Edmond de Rothschild."
 In a July 1997 edition of the
Globe and Mail
another rare report of anotherimportant Rothschild enterprise was made (see
 Rothschilds holding company fiscal year profit up 66%
): The article referred to the Rothschilds Continuation HoldingsAG, parent of N.M. Rothschild & Sons Ltd, "a Swiss holding company for theRothschild merchant banking business worldwide ...(with) operating profits risingto 179 million Swiss francs ($122.4 million U.S.) in the year ended March 31 from108 million francs the previous years." A 66% profit increase is no small featespecially when you consider their line of business. In the article, Sir Evelyn deRothschild, chairman of Rothschild's Continuation, noted "We've got a goodbalance of businesses and on the whole we've had a pretty good run." Sir Evelynalso noted that the company has three global business lines "treasury and bulliontrading; resource banking, or banking for the mining industry; and investmentbanking." Such stupendous returns on a supposedly barbarous relic, gold, makeeven George Soros's Quantum Fund returns seem meagre. It is important to notethat this rare exposure of the family business coincides with the recent rare exposéby the LBMA that the equivalent of between 30-42 million ounces of gold per dayare traded in London.The more significant cousin of RCH AG is in fact N.M. Rothschild and Sons Ltd,named after Nathan Mayer Rothschild, one of the five sons of Mayer AmschelRothschild, who operated the London-based house of the family merchant bankingenterprise in the latter part of the 18th and early 19th century. The Rothschildbusiness enterprise has changed little in over 200 years. But why change a goodthing when such large and sustained profits can be made by trading currency,treasuries, and gold plus gold leasing, financing of gold mining operations, andinvestment banking?So what is the significance of the death of one of the richest and greatestphilanthropers in the world, and the connection to the London Bullion MarketingAssociation?
The House of Rothschild: Roots in Germany
To understand the importance of the Rothschild's in world financial markets, onemust study the history of the House of Rothschild. Ironically, despite theirenormous influence on European finance and banking for over 200 years, there arefew references to the House of Rothschild in history books. There are a fewexceptions 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 twohundred years of the House.The House of Rothschild was founded in 1776 in Frankfurt, Germany by MayerAmschel Rothschild - (born 1743 in Frankfurt, Germany). Mayer fathered fiveboys who would establish the most successful merchant banking network inEngland (Nathan), France (James), Austria (Salomon), Prussia (Amschel) and Italy(Carl).From humble beginnings as a rare coin trader, Mayer quickly built a privatemerchant banking empire which was the choice of not only the German PrinceWilliam, 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 acumenand the accumulated wealth of Mayer has been continually passed down to the nextmale generation of Rothschilds, without dilution. Their market worth has neverbeen audited or accounted for, following from Mayer's clever accounting practicesand the keeping secret books and subterranean vaults which were never the privyof auditor, legal counsel or state taxmen. Their mastery in financing both economicgrowth and war in Europe with both gold and fiat currencies undoubtedlycontinues unabated into the 20th century, though romantic auto-biographicalaccounts 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 aidto Prince Metternich of Prussia. The Rothschilds were the first to build therailways 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 maybe a clever illusion to avoid publicity and attention. In the words of theautobiographer Frederic Morton "
the family grooms the inaudibility and invisibilityof 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

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