StonedFace wrote:
Great cartoon^ where's the Thomas Jefferson of our days when we need him..
The closest that we have to him right now is Ron Paul and almost everyone has ignored him.
That video is pretty good but it makes some important omissions and it does perpetuate one very big lie.
The lie is that the Rothschilds connived to trick London Bond Holders. The Rothschilds nearly went bankrupt in financial and patriotic service to Great Britain. In 1815 and After Napoleon Bonaparte had raised a legitmate army and became the head of state of France, after his exile to Elba, the conventional wisdom was that the war would take at least a year and likely longer. England and France had been at war almost non stop since 1793 (with every other European power changing sides at least once and usually several times during this multi decade conflict) and the first stretch of war took 9 years and after the Peace of Amiens (really more of a truce lasting for a little over 1 year) war resumed in 1803 and ended only after a decisive British Naval Victory and destruction of Napoleon's main fleet as well as Napoleon's ill fated invasion of Spain (which bleed away men and ships and money) and finally it took a disasterous march into Russia and being trapped in the grip of its Winter and it Partisans and its Scorched Earth police for his army to be made weak enough to lose at the Battle of Leipzig in 1814 (At the hnads of a Huge Multi National force) and forced him to capitulate. Napoleon was a military and political survivor as tight British blockades, French insolvency, European rebellions, Spanish Guerillas, Russian Partisans and an endless stream of battles against numerically superior foes rarely jeopardized his power in Europe until they all occured in fairly short order and in even greater magnitude than had happened in the past. Napoleon was, in 1815, expected to wage a lengthy war and not just one great battle.
The Rothschilds invested and did financial workf for the Crown uner the assumption that there would be long campaign and the short and decisive natur of Waterloo nearly ruined the Rothschilds. it was after the war that the Rothschilds rebuilt their old fortunes and expanded it like never before. Also because warfare was bad for business (busines sin general and in particular it was bad for the Rothschilds as they held many peacetime bonds, which low tields because peace tim bonds carry a lower risk of default. War would mean the issuance of new bonds, with higher yioields and the Rothschilds would have to sell their low yield, peacetime bonds at a discount, the worst fate impginable for any bond trader).
All of this comes from This is Niall Ferguson's research and account of the Rothschilds and while he has an Anglo-American elite bias as he is a professor at the London School of Economics as well as Harvard University (although he is a Historian an does not hold a professorship at Harvard's dispicable Business school), I will still take his word over that of the man who did the most to perpetuate the Rothchild's conspiracy theory, Joseph Goebels, Minister of propaganda for Germany from 1933 to 1945. The Nazis reflected a long line of discontent that a family of Jews, not tied to old estates tha twere worked by the masses, could become as rich and influential as aristocrats. It was infuritaing for the reactionary land owning Grandee that a mere Jew or any uppity peasant (and in 19th century Europe, anyone who was not a noble man was a peasant, no mattr hopw much money he or she may posses) could not surpass an aristocrat in trems o sheer wealth but that that wealth be mobile.
When rich and poor have their fortunates and income streams tied to the land, they are much easier to tax and exploit but mobile fotuntes and income mean that governments have to comepete for capital instead of view it as an immobile prize to be bleed white at a moment's notice or as a static bank account to pay for the extrvagent lifestyles of the Royal Courts of European Kings and Dukes and Counts and to fund wars. Perhaps even more so than their Jewish roots and their rootless fortunes, the lack of money available for waging wars was the the greatest reason that the Rothschilds drew the ire of the Aristocrats of Europe and it was because the honor and identity of the Ariscrat comes from marial prowress and with the Rothschilds refusing to fund wars, the last eight decades of the 19th Century afforded the Continential European virtually no chances to fight in any grand battles or heroic military campaigns.
War is the source of pride for the Old World Aristocrat, his harsh boarding schools, his study of Greek and Roman and Medieval history (the way they studied history would be called political and military history, they paid little attention to stuying the daily lives or social and economic changes that took place over the centuries), the obsession with dueling, the willingess to undergo endless infantry drill as adolesecents, and the love of fancy military uniforms and orders was to insure that every generation of elite men would be ready to fight and to win in a decisive and glorious manner and to confirm the psuedo science of the day by vindicating his ethnic group's and his nationality's superiority. The Rothschilds made it so that French and British Gentlemen had only a few colonial scrapes and that the rest of Europe's great houses went generations without a proper fight and were limited to supressing a rebellion in 1848 and fighting for or against a minor Muslim power in the Crimea in the 1850's. The Franco-Prussian War was decisive and European but it was won mostly with German technological superiority (the ability to use prefabricated railroad traks and birdges in order to move troops right to the edge of Paris within a month decided the war). It was a victory for crafts men and artillary fabricators and not gentlemen officers using glorious calvary charges and brilliant infantry manuevers that secured victory. These events burned the soul of Europe military and political elite and many of its masses who believed that warfare was the surest way to improve their person reputation and their and their family's station in life.
The Rothschild legacy is one of the triumpth of the middle class and it persiste to this day in the form of angr by the elite and envy fron the masses. The upper middle class, the one's who innovate, invest and take calculated risks are hated by the working classes who are tantilized by their success. Many successful businessmen came from working class or middle class back grounds and while a person at the median income level can say that a Saudi or British prince was born lucky, he cannot say the same of the man who came from the same nighborhood and now owns a few tire shops or a regional chain of donuts shops and makes $200,000 per year. Such wealth and income are beyond the reach of the working man but while eight and nine figure incomes are beyond even his imagination, the six figure income is well within his or her imagination and he or she can easily imagine uses for them.
At the other end, the upper middle class man is squeezed by the political elite. The political elite involve the American version of the long time land ownin gclass of Europe or they include our Mandarin class, the highly educated member of the upper middle class who believs that his Ivy League Credentials give him or her liscencse to heavily tax and regulate the upper middle class wealth creator. The political elite still feel burned by how the Rothschilds alowed for those with a large sum of money to become mobile aristocrats with the Rothschilds being like kings and millionaires, the Dukes and Counts of finance and the managers and entrepreneurs, the Knights and Dons of the mobile aristocracy. This is why we have organizations like the G8 and G20, so that the political elite can meet and collude and try to act as a cartel and to set standardized and high taxes because absent their cooperation, ultra high tax rate nations lose high end tax payers to lower tax rate nations. The natural result if for major economic to agree to and for smaller economies to be bullied into colluding on taxation and setting high and uniform rates so that the person with his or her wealth tied up in money is as vulnerable to taxation as the farmer or factory owner or mine operator, the immobile wealth holder.
It is shame that such pretention and such sentiments, which are so firmly emblazoned on to the collective sigil of the old and backward views on wealth and on income can be found in a video that generally does such a fine job of skewering the entrenched elite.
The omissions were the fact that government force is what gives banks the privilege of having a monopoly on printing money in a given country, it is government force that starts wars that allow bankers to profit from them and the spending that they require and it is government force that collects the taxes that are used to pay the staggering debts to banks. In many countries, the government does the rational thing and defaults and it has to endure some austerity for a time (it is difficult and expensive to find buyers for your bonds right after you default) but as we have seen with Greece, you will undergo austerity whether or not you default or you "restructure" and have foreign bankers live as poorly as nation that simply defaulted and cannot find buyer for its national debt.
The video also fails to mention that fractional reserve banking is how baking works whether or not they are not regulated, lightly regulated, heavily regulated or government run. Fractional reserve banking was used before as well as after the creation of a central bank in a given country. Fractional reserve banking is and was used when banks were sole proprietorships, partnerships, LLC's or full fledged corporations. The only time that banks have not utilized fractional reserve baking was when they enjoyed government monopoly status and they mad money by charging massive fees for the privilege of having an account with that bank.
What I like about the video is that it points out that we need rule of law, we need regulations that are simple and that are uniformly enforced and that are neither written to satisfy emotional and populists demands nor are they written by monied interest and other narrowly focused political forces. Most importantly, we need vigilance because even the most well thought out and most well written constitutional (which to say the US Constitution) is worthless when people allow special interests and our law makers and judges and chief executive (the President and the various Governors) to because able to carve out exceptional after exception until the point that the words of the Constitution are merely words and not the ever present and power check on the myriad means of state sanctioned abuses and thefts levies upon us and our fellow citizens.
I know that men like Thomas Jefferson and Andrew Jackson has shameful personal histories as not only slave owners and womanizers and Jackson was also one was a drunk and a violent hot head. The fact that such imperfect men were still able to do amazing things such as shut down the First and Second attempts, on the part of the New York elite, to make the entire nation into slaves, does not redeem these two men from their role in enslaving fellow human beings but it does balance out their reputation in the eyes of history and it shows that deeply flawed and immoral people are not always wrong an that many heroic deeds emerge from men who generally are not heroic. We cannot wait for a messiah, for that perfect human being who, will shut down or reign in the Federal Reserve, we have to work with the imperfect people within our midst and hope that we can grant them the political capital, which will serve as a fulcrum upon which they can leverage their and our passion into concrete action and into sober and judicious judgement about how best to get public and private finances onto a much more pleasant path then the current one which our ancestors have unwittingly choosen.
Cliffs:
- The Rothschild Story is untrue.
- The untrue Rothschild story reflects anger on the part of those who do not understand money (rich and poor, conservative and liberal alike) who demonize all baking as immoral, wasteful and expletive.
- Behind every powerful and corrupt bank is a government that is equally powerful and corrupt.
- Fractional Reserve Baking is not bad,
per se. Fractional reserve baking is bad when short sightedness and/or government guarantees allow the banks to keep too little cash on hand.
- This video is overall very good and explains that we need rule of law for any financial system to work well.