Money Masters Transcripts Part 14


But now let's return for a moment to Napoleon. This episode aptly demonstrates the cunning of the Rothschild family in gaining control of the British stock market after Waterloo.

In 1815, a year after the end of the War of 1812 in America, Napoleon escaped his exile and returned to Paris. French troops were sent out to capture him, but such was his charisma that the soldiers rallied around their old leader and hailed him as their Emperor once again. Napoleon returned to Paris a hero. King Louis fled into exile and Napoleon again ascended to the French throne - this time without a shot being fired.

In March of 1815 Napoleon equipped an army which Britain's Duke of Wellington

{p. 28} defeated less than 90 days later at Waterloo. He borrowed 5 million pounds to rearm from the Ouvard banking house in Paris. Nevertheless, from about this point on, it was not unusual for privately-controlled central banks to finance both sides in a war.

Why would a central bank finance opposing sides in a war? Because war is the biggest debt-generator of them all. A nation will borrow any amount for victory. The ultimate looser is loaned just enough to hold out the vain hope of victory, and the ultimate winner is given enough to win. Besides, such loans are usually conditioned upon the guarantee that the victor will honor the debts of the vanquished. Only the bankers cannot lose.

Waterloo is a battlefield about 200 miles northeast of Paris, in what today is Belgium. There, Napoleon suffered his final defeat, but not before thousands of French and English men gave their lives on a steamy summer day in June of 1815.

On June 18, 1815, 74,000 French troops met 67,000 troops from Britain, and other European nations. The outcome was certainly in doubt. In fact, had Napoleon attacked a few hours earlier, he would probably have won the battle. But no matter who won or lost, back in London, Nathan Rothschild planned to use the opportunity to try to seize control over the British stock and bond market. Following is the account the Rothschilds hotly dispute:

Rothschild stationed a trusted agent, a man named Rothworth, on the north side of the battlefield - closer to the English Channel.

Once the battle had been decided, Rothworth took off for the Channel. He delivered the news to Nathan Rothschild a full 24 hours before Wellington's own courier. Rothschild hurried to the Stock Market and took up his usual position in front of an ancient pillar.

All eyes were on him. The Rothschilds had a legendary communication network. If Wellington had been defeated and Napoleon were loose on the Continent again, Britain's financial situation would become grave indeed. Rothschild looked saddened. He stood there motionless, eyes downcast. Then suddenly, he began selling. Other nervous investors saw that Rothschild was selling. It could only mean one thing. Napoleon must have won. Wellington was defeated. The market plummeted. Soon, everyone was selling their Consols - their British government bonds, and other stocks - and prices dropped. Then Rothschild and his financial allies started secretly buying through agents.

Myths, legends, you say? One hundred years later, the New York Times ran a story which said that Nathan's grandson had attempted to secure a court order to suppress a book with this stock market story in it. The Rothschild family claimed the story was untrue and libelous. But the court denied the Rothschilds' request and ordered the family to pay all court costs.

What's even more interesting about this story is that some authors claim that the day after the Battle of Waterloo, in a matter of hours, Nathan Rothschild and allied financial interests came to dominate not only the bond market, but the Bank of England as well (an interesting feature of some Consols was that they were convertible to Bank of England stock).

Intermarrige with the Montifiores, Cohens and Goldsmiths, banking families established in

{p. 29} England in the century before the Rothschilds, enhanced the Rothschilds' financlal control. This control was further consolidated through the passage of Peel's Bank Charter Act of 1844.

Whether or not the Rothschild family and their financial allies seized outright control in this manner of the Bank of England - the first privately-owned central bank in a major European nation, and the wealthiest - one thing is certain, by the mid-1800s, the Rothschilds were the richest family in the world, bar none. They dominated the new government bond markets and branched into other banks and industrial concerns worldwide. They also dominated a constellation of secondary, lesser families such as the Warburgs and Schiffs, who allied their own vast wealth with that of the Rothschilds'.

In fact, the rest of the 19th century was known as the "Age of Rothschild." One author, Ignatius Balla, estimated their personal wealth in 1913 at over two billion dollars. Keep in mind, the purchasing power of the dollar was over 1,000% greater then than now. Despite this overwhelming wealth, the family has generally cultivated an aura of invisibility. Although the family controls scores of banking, industriial, commercial, mining and tourist corporations, only a handful bear the Rothschild name. By the end of the 19th century, one expert estimated that the Rothschild family controlled half the wealth of he world.

Whatever the extent of their vast wealth, it is reasonable to assume that their percentage of the world's wealth has increased dramatically since then, as power begets power and the appetite therefor. But since the turn of the century, the Rothschilds have carefully cultivated the notion that their power has somehow waned, even as their wealth and that of their financial allies increases and hence their control of banks, debt-captive corporations, the media, politicians and nations, all through surrogates, agents, nominees and interlocking directorates, obscuring their role.

Acknowledgement and credits

The Money Masters: How International Bankers Gained Control of America

Video Script
Produced by Patrick S. J. Carmack
Directed by Bill Still
Royalty Production Company 1998

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