The Richest Man in the World • Archivedby Larry Romanoff, Unz Review, November 21, 2022
The purpose of this essay is threefold: (1) to bring to the attention of readers the existence of a long-standing conspiracy about the identification of “The Richest Man in the World”, (2) to dismiss from contention the current list of candidates, and (3) to docuмent that a small number of Jєωιѕн banking families operating out of the City of London have for generations held these wealth records with fortunes that are orders of magnitude above anything we might have imagined. I will address these points in reverse order, and deal with the current crop of wunderkind at the end.
I do not profess to be able to irrefutably docuмent all the assertions made in this essay, nor to definitively substantiate all the inferences made. The topic is such that too much of the necessary legal evidence is irretrievably hidden from public view and accessibility, and we must in many cases rely on logic and circuмstantial evidence to support our assertions and inferences. While the proofs are not as complete as one would desire, this level of evidentiary support is often sufficient, especially when our cases follow an established pattern and we have such reasoning and evidence in bulk. The descriptions and evidence in this essay will serve at least to provide a reasonable basis for understanding and to “draw attention to some of the great forces which have been molding our world”. The figures presented in this essay are not meant as precise calculations, but to impress upon readers the magnitude of the numbers and amounts with which we are dealing.
The Power of Compound Interest
Much of this essay is primarily dependent on only one simple thesis: that those with enormous wealth do not leave it idle but put it to a constant good use; the money is always at work. It is lent out to finance wars and colonisation, to purchase legitimate businesses, to establish control of governments and national economies, and more.
As to interest rates for long-term accuмulation, we tend to think of historical interest rates as being very low, perhaps only 1% or 2%, but that was seldom the case. The reason Abraham Lincoln resorted to printing his “Greenbacks” as currency was because Rothschild demanded a 24% interest rate to fund the Union in the US cινιℓ ωαr. There are many other such examples, as war financing in particular carried high interest rates. Dutch perpetual bonds issued by Jєωs were at rates of 10% and 12% in the 1500s and 1600s; Genoa issued much of its debt at 9% in the 1600s. I have used a rate of 5% for the compound interest calculations in this essay, a selection that is admittedly arbitrary but that appears reasonable and conservative in the overall context. The accompanying charts from the Bank of England appear to justify this choice.[1] [2]
Some Background on Corporations
A great many of the world’s largest corporations are owned and controlled by Jєωs, many of these by the select few in the City of London, but also very many outside this small group. The world’s major oil companies are controlled by Jєωιѕн interests, as are the major pharmaceutical companies, many of the weapons manufacturers and the world’s airlines, a preponderant amount of the world’s shipping capacity, and many other industries that might not normally come to mind. It is impossible to obtain access to all the information required to even hazard a guess at the value of the corporate asset ownership of these people, but consider that virtually all of the media in the West, and a great deal of the prime media outlets in the rest of the world, including movies and book publishing, are owned or controlled by Jєωs. There are international companies worth in total many trillions of dollars that are entirely Jєωιѕн; Nestle, Sanofi, Monsanto, being a few among hundreds such. We cannot easily know what part of this reverts to our handful of Jєωιѕн bankers in the City of London, how much of that was financed by, and is controlled from, that center, but it isn’t negligible.
Things are not always what they seem. Many of the world’s large fortunes were financed by Rothschild or others from that inner circle and thus there is a hidden ownership that will never be revealed. Trolling through historical records, we sometimes discover that a very wealthy man left an estate of only a few million dollars. It isn’t a secret although apparently not widely-known, that one of the Rothschilds financed Rockefeller’s creation of Standard Oil, and did the same with Andrew Carnegie’s steel empire and the Harriman railroad fortune in the US, among others. The financing was usually done through J. P. Morgan, who was a Rothschild agent for all of his career, and in fact Morgan’s banking interests themselves were much more European Jєωιѕн than they were American. It is worthy to bring this to the attention of readers since it appears that much of the wealth of the famous American and European families may not have been really theirs but belonged instead to the ultimate Jєωιѕн financiers in the background. Today, Google, Facebook, Tesla, Amazon, Starbucks, and many others are in this category, firms that could not possibly have attained their extent of market control without both heavy financing and intense planning originating elsewhere.
…as few as 400 companies, and perhaps even as few as 250 companies, own outright or at least have control of, more than 40% of all the value listed on all stock exchanges everywhere.
A number of studies have been done on interlocking corporate ownership and control, with consistent conclusions that as few as 400 companies, and perhaps even as few as 250 companies, own outright or at least have control of, more than 40% of all the value listed on all stock exchanges everywhere.[3] [4] [5] But behind those 400 or 250 companies is that same number of men controlling those companies. Even though most large corporations are listed as public, with sometimes hundreds of millions of shares outstanding, we cannot know where the true control lies. Increasingly, many of the shares are held by proxies like Blackrock or Blackstone or other investment groups, and we have no information on share classifications or other restrictions on voting and control.
Nor does the general public have information on interlocking directors who have absolute day to day control, including over all financial decisions. More importantly, it isn’t necessary to own a plurality of shares if you control the Board of Directors or if they are reading from the same script. These people can empty a company’s treasury to pay unlimited dividends tax-free through a tax haven, and do so without even attracting unrest from the common shareholders who seldom have much understanding of these matters.
Many European banks fall into this category, most of these Jєωιѕн-owned and tightly-held. The few dozens of Europe’s largest banks like HSBC, BNP Paribas, Lloyd’s, have a market cap in the trillions and an asset base of over €30 trillion. The major North American banks, like Goldman Sachs, Citigroup, Wells Fargo, again owned by Jєωs, have a market cap of well over $1.5 trillion and assets to match. Plus, we have literally hundreds of Jєωιѕн-owned banks in Switzerland and other countries that appear on no list anywhere.
Many of the world’s largest insurance and reinsurance companies are owned by Jєωs, with a combined market cap in the trillions, and there is no way to place a value on Lloyd’s of London, a worldwide insurance platform that is virtually priceless. Then there are the oil companies; Royal Dutch Shell alone has a market cap of over $200 billion, and there are many of these, Jєωιѕн-controlled, sufficient to control the world’s price of oil as we will see.
The two major FMCG [Fast Moving Consumer Goods] companies, Unilever and P&G, both Jєωιѕн, have a combined market cap of over half a trillion dollars. Internet-related firms like Google, Meta, Amazon, Dell, Oracle, again all Jєωιѕн, have a combined market cap of nearly $5 trillion. The world’s fashion houses and Jєωelry firms, mostly Jєωιѕн-owned or controlled, firms like Swarovski, YSL, LVMH, Cartier, Hermès, Estee Lauder, L’Oréal, have a market cap of more than $1 trillion, and there are hundreds of Jєωelry firms, diamond cutters and merchants, gold dealers, operating behind the scenes that are also owned by Jєωs and worth a combined trillions of dollars.
The major armaments and weapons manufacturers, which have always had a high percentage of Jєωιѕн ownership and control, again have a market cap in the vicinity of $1 trillion. The world’s major food companies, again mostly owned by Jєωs, is another example. Nestlé, an entirely Jєωιѕн company, owns more than 2,000 food brands with a market cap of about 1/3 of a trillion dollars by itself. Pepsico is the second-largest food company in the world, owning hundreds of major brands, and many others like Kraft Heinz, Mondelez, Danone, Anheuser-Busch Inbev, Coca-Cola, Diageo, Starbucks, have a combined market cap of at least $1.5 trillion. The world’s largest pharmaceutical companies are all Jєωιѕн-owned, with a combined market cap of around $4 trillion.
The main North American media companies (all owned by Jєωs) have a market cap of over $1 trillion, with larger numbers for the European media that are also largely Jєωιѕн-owned and virtually all Jєωιѕн-controlled. And this ignores their media holdings in Latin America, Asia and Africa. And there are literally hundreds of Jєωιѕн-owned companies that don’t fit easily into the above categories, including everything from H&R Block to Mattel and Hasbro, Monsanto, Ben and Jerry’s. The list is almost endless. Collectively, their value and influence are enormous.
The Real Power: Family Dynasties
When we read of a Bill Gates or Warren Buffett, we tend to think in simple terms of someone starting a company with a good idea and over a lifetime building a huge enterprise that today is worth many billions. But this reasoning is simplistic because we are confining our thoughts to only one generation. The people with whom we are concerned here, are family dynasties that have been accuмulating their fortunes for perhaps ten or even twenty generations. With the Rothschilds, Sassoons, and so many others, we are going back to the 1600s and 1700s, with family dynasties that have expanded enormously over the centuries and maintained control over their increasingly vast wealth through avoidance of inheritance taxes, rigid intermarriage, and shared intentions.
The greatest of all family dynasties are hidden from view, expunged from the media, deleted from the history books, and almost never attract public attention. All of these are Jєωιѕн – Rothschild, Sassoon, Sebag-Montefiori, Warburg, Lehman, Goldman, and so many names you may have never heard of. Here is a listing of a few of the Jєωιѕн bankers, representing perhaps only 25% of them, most having begun banking, financing and industrial operations in the early to mid-1800s, so an average of nearly 200 years, and many resulting in Jєωιѕн family dynasties that continue to this day, entirely out of the public eye.
Rothschild, Sassoon, Warburg, Moses Montefiori, Sebag-Montefiori, Kadoorie, Lehman, Israel Moses Seif, Kuhn Loeb, Goldman Sachs, Salomon, Schiff, Joseph Hambro, J. Henry Schroder, Samuel Montagu, Emile and Isaac Péreire, Lazard Brothers, Speyer brothers, Seligman brothers, Stern brothers, Barnato Brothers, Ernest Oppenheimer, Abraham Oppenheim, Carl Fuerstenberg, Jacob Goldschmidt, Oskar Wassermann, Hirsch, Raphael Jonathan Bischoffsheim, Hambro, Isaac Glückstadt, Levy Martin, Markus Rubin, Goldsmid, Rosenthal, A. Dunkelsbueler, Eugen Gutmann, Herbert Gutman, Wagg and Co, Mèdici family, Speyer, Speyer-Elissen, Emile Erlanger, S. Japhet, Ernest Cassel, Carl Meyer, Achille Fould, Luigi Luzzatti, Wertheimer and Gompertz, Lippman.[6] [7] [8]
I have a graphic on my computer that displays the holdings of the Rothschild dynasty, displayed rather like an organisation chart with small boxes indicating holdings and lines everywhere indicating ownership and control. It is so large that to print it in the smallest readable type would require a sheet of paper half a meter in size. Rothschild recently created a new bank just to manage his land holdings confiscated from poor countries. It is difficult to obtain hard information because so much of this is done through no-name banks, agents, related companies, and run through innumerable tax havens. Rothschild owns, among other things, Sanofi Pharma with a capitalisation of $125 billion, the Economist, and IHS which is the largest mobile tower operator in Africa.[9]
Anglo American was founded by Ernest Oppenheimer, a German Jєω. Headquartered in the City of London, this is one of the 250 largest companies in the world, producing gold, diamonds, other metals, and nearly half of all the world’s platinum. Their subsidiaries and investments are too many to list. When Ernest died, he was succeeded by his son Harry, who also became chairman of De Beers, so you can see how the families integrate and rationalise their holdings.
The Jєωιѕн Wallenbergs in Sweden have been in business for 200 years, where today they own most large Swedish industrial groups like Enskilda Bank, Ericsson, Electrolux, ABB, SAAB, SAS Group, SKF, Atlas Copco, and Nasdaq. As far back as 50 years ago, the Wallenberg family businesses employed 40% of Sweden’s industrial workforce and represented 40% of the total worth of the Stockholm stock market. The market capitalisation of only ten of their companies is nearly $350 billion, and much has been buried in trusts and hidden in tax havens. Swarovski, with their fake “crystal” is another 150-year-old Jєωιѕн dynasty.
For this essay, I will ignore much of the past history of these Jєωιѕн families and begin from the early 1800s, but it should be noted that these Khazar “family fortunes” began hundreds of years before this. We had the (Jєωιѕн) Dutch Tulip bubble, the (Jєωιѕн) South Seas bubble, the (Jєωιѕн) British and Dutch East India Companies and many similar. There were the centuries of slave trading, of tax farming and so much more. I will omit all of that.
India was at one time almost certainly the richest nation in the world, with stocks of gold, silver and precious gems worthy of fable and legend. The British East India Company which was eventually led by one of the Rothschilds, was unquestionably the greatest criminal enterprise in the history of the world, and the vehicle used to loot India to the bones.
Sassoon ben Salih was the chief treasurer to the pashas of Baghdad.[10] Exposed in an immense fraud in the early 1800s that must have involved hundreds of billions in today’s dollars, he was lucky to escape with his life (and the money). He and his two sons David and Joseph fled to India where they teamed up with one of the Rothschilds and hatched their infernal plan to force Indian peasants to grow opium for sale in China.[11] From the early days, they already had the young Queen Victoria firmly in their grasp. She not only supported their efforts to the extent of allocating the British military as the Jєωs’ enforcers of the opium, giving David Sassoon the exclusive franchise for selling opium in all of China, seizing Hong Kong for his distribution base and giving him the charter to form the HSBC. To say that the British Royal Family profited heavily from this personally, would be an understatement of some magnitude. This is where we will begin our story.
From their wholesale looting of India and the thefts from Iraq, followed by growing and selling of opium in China, Rothschild and Sassoon were reliably estimated to have accuмulated wealth of more than $5 billion each, by 1835. Actually, the calculated estimates I have seen were of $6 billion and $7 billion,[12]
and these were my estimates as well. I reduced this to $5 billion to be conservative, but the totals are still staggering. $5 billion accuмulated at only 5% for the intervening 185 years, accuмulates to a total in 2022, of more than $40 trillion each for Rothschild and Sassoon. And there were at least a dozen or more Jєωιѕн banking families that were not so very far behind Rothschild and Sassoon, as well as many dozens more that were very wealthy but not in this same league. That $40 trillion may seem shocking and too fantastic to be real, but reserve your judgment until the end. As you will see, that $40 trillion is almost irrelevant in the overall picture.
Leger Entry: Rothschild: $40 trillion in today’s dollars
Leger Entry: Sassoon: $40 trillion in today’s dollars
(1) Slavery and Forced Labor
Jєωs have always been heavily involved in slave trading, including both the white slaves that depopulated Ireland and much of England and the more recent black slaves, but I will ignore that part of the past and deal only with the more recent events in China. Slave trading by these same richest Jєωs – Rothschild, Sassoon, Kadoorie and many others, stopped only because the First World War put an end to it. We haven’t precise numbers, but the historical record tells us that many millions of Chinese were kidnapped and sold as slave labor. Countless tens of thousands of Chinese were kidnapped and shipped as slave labor to North America to build the railroads and work the gold mines, to build the Panama Railway and the Panama Canal, to work the guano mines in Peru, and in many other instances. This is why we have Chinese all over the world; even today the population of Panama is more than 10% Chinese because of this.
In many cases, the Chinese were not actually sold to others but used by the Jєωs as slave labor for their own projects. As late as 1904, Rothschild had around 65,000 Chinese kidnapped from Fujian Province to work his gold mines in South Africa.[13]
When these same Jєωs financed the building of the North American railroads and the Panama Canal, for example, kidnapped Chinese were the supply of free (and disposable) labor. Harsh conditions resulting in tens of thousands of deaths were irrelevant because the supply was inexhaustible. As well, there is credible evidence that Easter Island was almost totally depopulated by these same Jєωs who kidnapped most of the people to work the guano mines in Peru. There are letters from officials in the UK demanding that these Jєωs return the Easter Islanders to their home.
At this distance in time, it isn’t possible to construct a comprehensive tally of the totals of Chinese slave laborers conscripted by these Jєωs for their projects, nor to estimate the “value” of all this slave labor, but it was certainly substantial and carried on in great volume from about 1800 to 1920 and, as I mentioned above, it was only the First World War that put a stop to it. I list this because it is an important contributing aspect to the accuмulated wealth of these Jєωιѕн banking families, but I do not provide a leger entry for it.
I list [Slavery and Forced Labor] because it is an important contributing aspect to the accuмulated wealth of these Jєωιѕн banking families, but I do not provide a leger entry for it.
Leger Entry: $0 trillion in today’s dollars
(2) Diamonds
It’s not a secret that DeBeers controls the diamond production of South Africa, and also in Zaire, nor that DeBeers is a Rothschild company. Let’s not forget the origin and purpose of the Boer Wars. Diamond production statistics seem scattered, with South Africa claiming around 650 million carats of total production,[14] while Statista claims twice this amount. South Africa places a value on this production (at $100 per carat) at about $60 billion, but with no allowance for the compounding an average of $300 million per year over 150 years: (average of 3 million carats per year at $100 per carat). If we allow for compounding at 5%, this accuмulates to about $10 trillion. To keep things simple, I have excluded all other countries from this calculation; the addition of these and other Rothschild and Jєωιѕн-owned production would at least double the total. It should also be noted that the Jєωιѕн enclave of Holland is still the center of the world’s diamond trade, the great majority of which is firmly in Jєωιѕн hands.
Leger Entry: $10 trillion in today’s dollars
(3) Gold
It is difficult to find comprehensive and reliable statistics on the actual annual production of gold from the Rothschild-controlled mines, but production apparently reached more than 1,000 tonnes per year 50 years ago. With 32,000 ounces in a tonne of gold, and gold selling at $1,700 an ounce, that represents many billions of dollars per year, compounded at 5% for nearly 150 years, about ten times the value of the diamond production listed above. The picture is clouded by fluctuations in both production amounts and gold prices, so definitive results are impossible to calculate.[15]
I have assumed what I believe is a conservative estimate of only twice the diamond production and value.
Leger Entry: $20 trillion in today’s dollars
(4) Canals: Panama and the Suez
It is universally-known that the US built the Panama Canal – after “liberating” the Province of Panama from Columbia, but not so widely-known that it was Jєωιѕн money that paid for the canal.[16]
We can reasonably assume that the profits from the canal for about 120 years would have accrued to those who financed it. The Suez Canal was also built with Jєωιѕн money and existed as a privately-held corporation. However, since the revenues from these two amount to only a few mere billions of dollars per year, I will omit them from the totals.
…since the revenues from these two amount to only a few mere billions of dollars per year, I will omit them from the totals.
Leger Entry: $0 trillion in today’s dollars
(5) Cash Management
It isn’t widely-known but, as part of America’s Monroe Doctrine, the US used not only its powerful bullying “diplomacy” but also the CIA and the full force of its military to arrange for a few Jєωιѕн bankers (and the US FED) to obtain the position of “investment managers” of all the cash assets and central bank holdings of the countries under its control. This included Latin America, but also countries like the Philippines and the 50+ countries where the US overthrew a government and installed a compliant dictatorship.
The scheme was simple. These nations were forced to turn over all their liquid assets to the Jєωιѕн bankers in the US who would “prudently manage” all that cash for the benefit of these smaller nations. In practice, the Jєωιѕн bankers invested the money in New York real estate and profited in the billions while paying those nations 3% on their money. This practice was coupled with a bad American habit of invading, then forcing open and emptying, the vaults of the central banks of these same nations of all their gold. These practices are sufficiently docuмented to withstand challenge and, having existed for about 150 years, I think we could reasonably attach a total compounded to today of at least $1 trillion dollars, but the historical records are insufficient and so I make no leger entry for this item.
…we could reasonably attach a total compounded to today of at least $1 trillion dollars, but the historical records are insufficient and so I make no leger entry for this item.
Leger Entry: $0 trillion in today’s dollars
(6) Germany’s Hyperinflation
It is widely accepted today that Germany was set up for this precise circuмstance from the provisions of the Treaty of Versailles and the corresponding restrictions enacted by Jєωs to prevent Germany’s recovery. Regardless, the inflation rate was so extreme that money became literally worthless, permitting the Jєωιѕн bankers to buy up much of Germany for virtually nothing. This was one of the deep resentments harbored by Hitler toward the Jєωs, knowing they were behind the treaty and other restrictions that could have had only the bankruptcy and subjugation of Germany as the one possible purpose. We needn’t go into details here, but it was Hitler’s eviction of the Jєωs from Germany’s banking system and taking over the country’s central bank that resulted in the “miracle” of Germany’s economic recovery which, unfortunately, was not to last. There is no way to estimate the value of the looting of Germany that took place at this time, and I attribute no definitive value to it although the present value would surely be in the many trillions of dollars, all to the benefit of these same few bankers.
There is no way to estimate the value of the looting of Germany that took place at this time, and I attribute no definitive value to it although the present value would surely be in the many trillions of dollars, all to the benefit of these same few bankers.
Leger Entry: $0 trillion in today’s dollars
(7) Central Banks
European Jєωιѕн banking families, led by the Rothschilds, own or control the central banks of at least 30 nations, including the FED in the US. There are several very nasty results of this ownership, one of which is that these nations cannot print their own money but must borrow it from the (privately-owned) central banks – and pay interest on it. This is of enormous magnitude. Until the late 1970s, Canada owned its own central bank and paid little to no interest to foreigners. But then-Prime Minister Pierre Trudeau (Justin Trudeau’s father) committed an astonishing act of treason – on his own account, without even the knowledge of his own cabinet or Parliament – and committed Canada to foregoing its financial birthright to print its own currency and from then on borrowing from the European Jєωιѕн bankers. The result is that in the past 30 or 40 years little Canada has paid these bankers more than $1.1 trillion in interest for borrowing its own money.[17] [18] [19] [20] [21] [22] You might especially want to watch item 22, a video of Canada’s former Cabinet Minister commenting on Banking in America.
But Rothschild and a handful of other Jєωιѕн banking families have owned the central banks of the European nations, and others including the US FED, for well over 100 years. If little Canada has paid more than $1 trillion in interest in a relatively short time, the governments of countries like England, Germany, France, Italy, Spain, Japan, South Africa, have paid much more during the past century. As one example, Italy’s debt is several times that of Canada, and many other countries are in the same position.[23]
I have no accurate record of total interest the US has paid to the FED, but its current debt is more than $13 trillion – an amount which will never be paid off.
Working from Canada as a baseline, and counting only 30 countries, an excessively conservative estimate would be $30 trillion paid out in interest to these bankers. If we then allow for only 100 years, we can multiply this by more than three times and arrive at around $100 trillion paid in interest – entirely without need or justification. And this doesn’t allow for the US FED which could increase the total by half again. It should also be noted that those 50+ nations where the US military and CIA overthrew a government, the Jєωιѕн bankers were right behind them to take over ownership of all those central banks. In every case where information has escaped – Iraq, Libya, South Africa, the Balkans, this has been their priority and simple logic dictates that it would be very high on their list in every country where they had access. I have not included this item in my estimates. Considering all of the above, my leger entry is arguably conservative by 75% or more, but there is insufficient detail. My estimate below makes no allowance for the compounding of interest for even 100 years; to do so would multiply the total to a truly astronomical figure, and yet the real-world situation is that this amount would indeed be compounded, and for more than 100 years, to the many hundreds of trillions.
…my leger entry is arguably conservative by 75% or more…
Leger Entry: $100 trillion in today’s dollars
(8) Recessions and Depressions
One of the nastier advantages of the foreign ownership of a country’s central bank is that the Jєωs have total control over those economies.[24]
Since they control both the money supply and the interest rates, they have easily the power to whipsaw economies and profit immensely at every cycle. They do it the same way every time – by lowering interest rates to zero or nearly so, while hugely inflating the money supply, thereby creating large bubbles in debt, in the stock and housing markets, and so on. Then, they severely contract the money supply and all credit while simultaneously raising interest rates, thus bankrupting countless thousands of banks, businesses and families, and buying up for pennies on the dollar every manner of assets when the blood is running in the streets. After accomplishing their task of relieving a nation of a significant portion of its assets, they again expand the money supply and open the credit taps while reducing interest rates to give economies time to recover, then rinse and repeat. It is not a secret that all such recessions have been deliberately inflicted on Western economies by these Jєωιѕн bankers for the past 200 years or more.
The 1929 Great Depression was one such, with euphoria based on the Jєωιѕн owners of the FED expanding an almost unlimited money supply and easy credit with low interest rates, building a huge bubble which was then burst. Thousands of banks, tens of thousands of companies, and millions of families, all went bankrupt, with all those assets mostly flowing eventually to the Jєωιѕн owners of the US FED and their closest friends. This was done many times prior to 1929, and has been done many times since. The bitterly savage recession in 1983 was similarly created by the US FED – on orders from the City of London, with Volcker even boasting openly about what he was doing. The 2008 housing and financial crisis in the US was identical, and in no way accidental. It was so bad that an executive of Goldman Sachs said at the time, “Things will never return to normal after what they have done.”
The collapsing of the industrial economies in 2022 is the same. A sudden and deliberately-contrived “energy shortage”, created in large part by the sabotage of Nordstream II, a reduction in the money supply, and the stiff raising of interest rates “to combat inflation” (which was entirely self-induced), and soon blood will be once again running in the streets. And an almost unlimited number of industrial corporations, especially in Germany but also in the weaker European nations, will be facing bankruptcy and takeovers, the news of which will never reach the public thanks to the almost-total media control by these same people.
There is no accurate way to definitively calculate the looting that takes place during these contrived “recessions”. 1929 was certainly in the trillions of dollars, as was 1983, which were perhaps the two worst, but the others weren’t so far behind. 2008 was also in this category, the housing losses alone being in the trillions, which I have included elsewhere. Given the lack of detailed data, I won’t try to isolate and estimate the financial result of each contrived financial recession, and will ignore the smaller ones, but that still leaves us with 1929 and 1983 being worth a very conservative $3 trillion each. It seems unreasonable for our purposes to not compound these two amounts with interest for the 90 years and 40 years respectively, but the totals become fantastic and almost incomprehensibly large, and thus very difficult to accept as rational. At 5%, $3 trillion in 90 years (since 1929) will accuмulate to $240 trillion, and even over 40 years (1983) will become $21 trillion.
“You will at once retire one-third of your circulation and call in one-half of your loans.” …The purpose is the immense transfer of wealth available in each such cycle…
Senator Robert Owen, a co-author of the Federal Reserve Act, testified before a Congressional Committee that the bank he owned received from the National Bankers’ Association the “Panic Circular of 1893.” It stated: “You will at once retire one-third of your circulation and call in one-half of your loans.” And that is how these central bankers create the recessions: an instant reduction of 35% or more in the nation’s money supply and a 50% reduction in total credit.[25] The inevitable result is the bankruptcies of thousands of corporations and banks, and an enormous plunge in stock market values and corporate assets of every description which are now available for pennies on the dollar. Wait ten years, and repeat. The purpose is the immense transfer of wealth available in each such cycle, and not only from small banks and corporations but from the general public as well, many of whom also lose everything they had, those assets eventually filtering up to the few oligarchy bankers who planned the events.
Leger Entry: $6 trillion in today’s dollars
(9) Looting the Oil Industry in 1983
As a detailed example, let’s look at the FED-induced 1983 recession and its effect on only the oil industry in North America. To begin, let’s assume we have an oil well with a constant steady production (which many are), but in this case of only one barrel per year for 40 years, with the oil price at $100 per barrel. That gives us a total value of $4,000. However, since $1 next year is worth less than $1 this year, we discount our future production at some interest rate, with this result in terms of value (if we want to sell our oil well):
- 0% – $4,000
- 3% – $2,500
- 6% – $1,500
- 10% – $1,000
- 25% – $400
Immediately prior to the 1983 recession, The New York Times proclaimed that a sudden and inexplicable “oil glut” had arrived,[26] such that oil became nearly worthless, prices dropping from US$40 to less than $10 almost overnight. Of course, if the price of oil drops by 75%, the value of our oil well drops by 75% as well, so our $4,000 oil well is now worth only $1,000. But we had a double whammy, because the FED wasn’t idle during this period. After causing a massive burst of inflation in the 1970s to prepare for this eventual result, the FED suddenly felt a need to “fight inflation” by driving interest rates up to 20% and even 25%. The result was that oil wells were then selling at a discount of 25% on cash flow, and I know because at the time I was in the oil business and was buying and selling oil properties, some quite large, at this discount rate. This means that our $4,000 oil well, which was now worth only $1,000 due the collapse in the price of oil, was then hit with the FED’s interest rate sting, and was now worth only $100. And, with the blood running in the streets, this was when our Jєωιѕн Khazar bankers in the City of London sent in their agents to buy.
Then, the “oil glut” somehow miraculously evaporated and it seems we actually had a shortage, pushing the oil price back to its original $40, and quickly on its way to $100. And then, just as miraculously, inflation seemed to have been “tamed”, and interest rates declined from 25% back down to the 6% and 3% where they had been before. And our “$100 oil well” was back up to $2,500 and on its way to $5,000. And that means that a mere handful of people purchased producing oil and gas properties for almost pennies, and then watched their “investment” multiply by maybe 50 times. That’s not bad. There are few places where we can obtain a return of 5,000% on an investment in only a few years, and with no risk whatever. When you have the power to control the price of oil, and when you have the FED controlling interest rates, you can work miracles. There is no way to calculate accurate totals, but countless thousands of small and medium-sized oil companies either went bankrupt or were taken over, and the purchases in North America alone would have been in the trillions of dollars. I have ignored the rest of the world, and assumed a conservative $2 trillion for only North America, adjusted at a growth of 5% for 40 years from 1983.
Leger Entry: $14 trillion in today’s dollars
(10) Looting Americans 1975 to 2022
The situation is not different with the 2008 financial meltdown in the US. We had clearly deliberate attempts to inflate the housing market to almost atmospheric levels, with nearly zero interest rates and the removal of all restrictions and requirements – to the point where unemployed homeless people were buying $500,000 homes. This was again done with the full cooperation of the FED. Then, they simply collapsed the bubble, resulting in tens of millions of foreclosures. And again, when the blood was running in the streets, firms like Blackrock and their ilk were busy buying up these foreclosed homes at perhaps half price, as rental properties – often, to the same people who lost them. There is no accurate record of the total purchases, but the buying was almost frenzied. At one point, one agent in Florida for one “investment firm” alone, was bidding on more than 200 homes per week. With even conservative estimates, the transfer of housing assets alone from the American middle class to these same few people, would have been $7 or $8 trillion, all within two or three years.
It is a surprise to me that so few people seem to want to see such events as having been planned, and yet the evidence is overwhelming and irrefutable. There is no possibility that these events, and so many similar, could possibly have occurred “by accident”. There were simply too many threads all working together to accomplish this one result, and those threads could not possibly have been independent. And it is not possible that the US government itself was unaware of the eventual outcome. Economists working for the US government are not stupid, and so many private economists were describing the events and predicting the only possible outcome. The only thesis that fits all the facts is that the 2008 meltdown was planned and that the US government, so totally controlled from the City of London, knowingly permitted it to happen. Again, in summary, a relative handful of people profited to the tune of trillions of dollars in a few years, in this one enterprise alone.
“These establishment politicians and their appointed judges promulgated laws that permitted the top 1 percent to loot $54 trillion from the bottom 90 percent, from 1975 to 2022, at a rate of $2.5 trillion a year, according to a study by the RAND corporation.”
And it wasn’t only homes, and not only in 2008. In an article titled Destroyers of US Democracy[27]
, Chris Hedges quoted a RAND corporation report that stated: “These establishment politicians and their appointed judges promulgated laws that permitted the top 1 percent to loot $54 trillion from the bottom 90 percent, from 1975 to 2022, at a rate of $2.5 trillion a year, according to a study by the RAND corporation.”[28][29] For those who don’t know, RAND is a despicably Satanic corporation that spends most of its time on planning wars, designing torture regimes (Vietnam Phoenix, Guantanamo Bay, Baghram, Diego Garcia), and scheming for world political control. But the people at RAND do know how to calculate, especially considering they planned the methods for the looting they now boast about. Note that the euphemistically-named “top 1%” is not really the top 1% but a tiny group of Jєωιѕн bankers and industrialists, including the (Rothschild and other) owners of the US FED. A huge portion of this looting occurred in 2008 and subsequent years; I won’t bother accuмulating this with interest.
Leger Entry: $54 trillion in today’s dollars
(11) The Great Gold Robbery – Part I – The US FED
In the early years after the creation of the Rothschild-owned FED, the US was still on a gold standard for its currency; new money could be issued by the FED only if it had at least 40% of that amount in gold. But, as the Jєωιѕн bankers have always done in every country, they issued paper currency far beyond the permitted limits, which was the prime cause of the 1929 Great Depression. By 1933, the FED had only about 6,000 metric tons of gold in its vaults, and was about 50,000 tonnes short for the paper currency it had issued. The public were aware generally of what was happening and, with concerns of US paper money becoming worthless, were spending the paper and hoarding the gold coins and bars, while small banks and companies were hoarding gold bullion. There was no way out of this trap. The FED needed a huge infusion of gold to prevent a collapse of the currency, but its owners had no intention of investing their own money to prevent the financial collapse of America. Thei
Topic: the leger of economic crimes against humanity (Read 219 times)