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Only one way to make trillions of dollars, be born into the Rothschild family or marry into them. They are worth trillions and own banks and own a lot of nation
by orionblastar 14y ago
Only one way to make trillions of dollars, be born into the Rothschild family or marry into them. They are worth trillions and own banks and own a lot of nations' debts. Because they own a lot of debt, they charge huge interest rates on them, and profit from them a lot.
http://en.wikipedia.org/wiki/Rothschild_family http://en.wikipedia.org/wiki/Rothschild_family
- josephagoss 14y agoI was under the impression that a Government sells a bond, with a interest rate the Government sets. How would the Rothschild family buy bonds (Government debt) and ask for a higher interest rate than that was set in the first place?
- Ntrails 14y agoGovernment goes to market wanting to sell ~6b of bonds at as low an interest rate as they can achieve. So if the market buys at 1% they take it, if the market only offers 7% then they take it (if it is below the rate threshold at which they won't sell) If the Gov doesn't sell enough then it defaults as most debt buys are in part to pay off old debt, we saw this within the Eurozone where Spain has to buy at a much much higher rate than it would like. Rothschild can simply refuse to buy below a set rate, and if the Gov needs their money at that rate then they buy. But it is not really demanding a higher rate? (I am not an asset manager)