Well, for more than question, here goes -
The article is, plain and simple, hogwash. It is an attempt to use numbers to mislead. For example, early in the article:
'"a Swiss holding company for the Rothschild merchant banking business worldwide
...(with) operating profits rising to 179 million Swiss francs ($122.4 million U.S.) in the year
ended March 31 from 108 million francs the previous years." A 66% profit increase is no small
feat especially when you consider their line of business.'
A 66% profit increase is indeed impressive. But look at the total profit - a mere US$122.4 M. For comparison, less than a fifth of the profit of Canada's Big Five banks - none of which are the basis of international conspiracy theory. Certainly not the 'stupendous returns' alleged in the article. In fact, if we are to later take the author's asset estimation seriously, use his 4% figure, and say that only 10% of the Rothschild wealth is in Switzerland, we have an asset base of US$ 1.9 trillion x 10%, or a mere US$ 190 billion. This asset base produced a stupendous return of..0.064%. Shocking.
In examining the wealth of the family, the author repeatedly quotes from Morton(1962). In the period since 1962, I think a few things have changed in world financial markets. Yet the facts of this account are trotted out as if current. Indeed, the author even suggests that the Rothschilds commissioned the book to underscore the validity. There is no question that the Rothschilds have managed to be a pre-eminent finance house for hundreds of years. But is that the thrust of the article? Certainly not. It is that the Rothschilds somehow control the world market(s), through underhanded means. The author suggests that 'N.M. Rothschild was owner and operator of England's Royal Mint Refinery and was the primary gold agent to the Bank of England.' The second may be true, but the first certainly isn't. The Royal Mint Refinery is and was an agency of the Crown, though from what I understand the Oracle of Alberta has suggested that the Queen is in league with the Rothschilds (hence, of course, the need to murder Dodi and Diana).
The final implication is that the Rothschilds control the monetary policy of several nations, and are planning to institute a new world currency system backed by gold. This will occur, of course, only after the Rothschilds have managed to secure a very large portion of the world's gold, using their influence to induce the central banks to sell at the deflated prices. The current downturn is therefore a very bullish signal. At this point, the article becomes tautological. One cannot argue against conspiracy - if I prove my point, it is because I too am part of the conspiracy.
I wonder if we should stop using the code word 'Rothschild' for 'the Elders of Zion'
Ian
P.S. I do not mean to imply that anyone participating in the discussion is a rabid anti-Semite. But it should be known that the source of this article is at least questionable on this score, and the author more so. |
