The Japanese Lost decade , the Asian Financial Crisis , the Latin American financial crisis and others are attributed to this cause. It also claims that the Rothschild Family has the wealth of 5 trillion dollars whereas Bill Gates only has 40 billion dollars. Song says the direct consequence was that the Federal Reserve lost its monopoly to control money. The book looks back at history and argues that fiat currency itself is a conspiracy; it sees in the abolition of representative currency and the installment of fiat currency a struggle between the "banking clique" and the governments of the western nations, ending in the victory of the former. Reception[ edit ] The book has achieved bestseller status in China. Kennedy , with the intention of increasing their wealth and influence.
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I first want to say that this book is filled with conspiracy theories and nationalistic ideas. This is the mysterious question the author asks. Actually, this family has accumulated its wealth well before years ago starting from England. The rise of Rothschild family begins in when the Battle of Waterloo between England and France ignited.
At the time, Rothschild family was devoting to bank management. They had international banks around Europe such as Germany, France, and England. The family had vast network of industrial spying agency.
Therefore, the Rothschilds had an efficient network for market informations. Many people were betting their whole wealth by buying national bonds of either England or France. If England loses the battle, the national bonds will be worthless. Conversely, if France loses this battle, the price of French national bonds will fall dramatically.
Therefore many people were betting their fortunes on the Battle of Waterloo. The Rothschilds family, using their vast spy network, succeeded in finding out the result of the battle, one day faster than the government. Everyone was nervous in the appearance of Nathan Rothschild in the stock exchange.
Nathan ordered his agents to sell tremendous amount of British stocks. The British has lost to the French. The stocks exchange was in chaos. The stocks became a worthless piece of paper in a minute. Nathan Rothschild then immediately told his agents to buy all of the stocks. British government was also victorious in the Battle of Waterloo, however, in a long run they were losers. As Rothschild family seized all of the stocks in England, they seized the right of Bank of England.
The family then forced the British government to pay their loan for a long battle by tax. So the family was successful in seizing the rights of imposition of taxes. Here are the quotes relating to the dominance of currency. Amsel Rothschild Like Amsel Rothschild what said, Rothschilds used currency as a mean of exploiting wealth from people with out being noticed. In the past, gold was used as a mean of currency. Gold has a limited amount of money, and it was perfect in serving as a currency.
If you know the common sense of finance, the infinite supplying of currency will cause an inflation. For example, if a person named John has one dollar, it would not worth a dollar after the inflation.
As a result, Jon will lose sums of his wealth. Rothschilds used this method in order to exploit wealth from people. They increased the supply of money in order to decrease the wealth of people. Once it has decreased its price, Rothschilds bought the wealth away from people. After they have bought such things as stocks from people, the Rothschilds limited the supply of money. This caused deflation and increased in value or worth of currency.
As a result, Rothschilds increased their wealth to tremendous amount. Satirical cartoon protesting against the introduction of paper money, by James Gillray, Later on, the Rothschilds used these kinds of methods to manipulate the stocks and gained wealth. They also stirred wars around the world to make profit. In conclusion, Rothschilds expanded their financial empire by dominating national banks around the world such as Federal Reserves of United States, and etc.
On its rest of the pages, the book illustrated about how finance and currencies operate. Also, it deals with the problem of paper notes as a currency. Through out the book, I did not or tried not to believe the claims stated in the book. I knew that some of the stories have been too much dramatized. However, I feared in a sense that this could be a reality because the writer Song Hongbing has given out specific data through out the book, which supporting his claims strongly.
In sum, it was too complicated for a high school student to understand the functionality of currency and finance in the book, however, I think I understood most of the important aspects of currency.
Currency Wars 1
I first want to say that this book is filled with conspiracy theories and nationalistic ideas. This is the mysterious question the author asks. Actually, this family has accumulated its wealth well before years ago starting from England. The rise of Rothschild family begins in when the Battle of Waterloo between England and France ignited. At the time, Rothschild family was devoting to bank management. They had international banks around Europe such as Germany, France, and England. The family had vast network of industrial spying agency.
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