Fifty years after the Bank of England opened its doors, a goldsmith named Anseim Moses Bauer, opened a coin shop in Frankfurt Germany. Over the door was a sign depicting a Roman eagle on a red shield. The shop became known as the Red Shield Firm. in the German language this meant Rothschild. When Amshel Mayor Bauer, Bauer’s son inherited the business he changed the family name to Rothschild. Amshel learned that loaning money to governments and kings was more profitable than loaning to private individual. Not only were the loans bigger, but they were secured by the nations taxes. Amshel had four sons and trained them all in the skill of money creation and sent them out to Europe to open family owned banks. The first son, Amshel Mayer stayed in Frankfurt to manage the hometown bank. The second son Solomon was sent to Vienna. The third son Nathan was sent to London, and at age 21, in 1798. The fourth son Karl went to Naples, and the fifth son went to Paris.
Saturday, August 9, 2014
The Banking Swindle
