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To Preserve…
Rothschild Brother Banks hedged by financing both sides of the war. World wars in multiple countries could be even more profitable.
http://www.reformation.org/secrets-of-the-bank-of-rome.html
The Mississippi Company was founded by LaSalle in 1684. LaSalle was French Governor of Fort Frontenac on the mouth of the Mississippi River. He returned to France to raise funds for the New World company, got lost in Texas with four ships on the way back and was killed by mutiny.
LaSalle’s French successor built Biloxi and Mobile. In August 1717 TMC was acquired by Scottish Financier John Law on a downswing. Law named TMC Company of the West.
TMC enjoyed National Charters and Franchises for land development, lotteries, issuing shares and other unspecified moneymaking marketing and promotional schemes.
In 1718 Law ignored all advice about building below sea level in a cholera, malaria yellow fever infested swamp. He founded New Orleans, later decimated by Hurricane Katrina.
In 1719 TMC became a conglomerate by acquiring Company of the Indies and the Company of China. In 1720 TMC acquired the Banque Royale. Like China today, the share price inflated 30 times and was worth 7.5 billion livres.
Surveyor, General and President George Washington owned shares and land in the MC. The Company was so ambitious it bought the entire French debt of 1.6 Billion livres with a 3% yield as a grandiose investment.
By way of comparison to America today, the French sovereign debt was ten times their annual budget, perhaps 4 times their Gross Domestic Product French debt, comparable to Switzerland today.
Of course the debt was not adequately serviced by beleaguered French taxpayers or TMC revenues, so TMC lost 96% of shareholder value in two years like the Banking Corporation Conglomerates of today.
At the same time the South Seas Pacific Company that had bought British sovereign debt collapsed, wiping out the niece of Sir Isaac Newton, then Master of the Mint who advocated the gold standard over the silver standard by overvaluing silver coin, which was melted and shipped.
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February 2nd, 2010 at 4:29 am
Holy Smokes Rich….
Now that was a handful.
This article should be published in the NY Times.
Certainly we are seeing a ground swell in this country stirred by an irate citizenry.
Perhaps it is not to late to take our country back.
God have Mercy.
Keep up the good work Rich, you are a true Patriot.
Thank you. Richard
February 2nd, 2010 at 4:35 pm
Mahalo Richard:
Henry Paulson acknowledged 93% of Americans opposed TARP and he did it anyway, bailing out himself and his firm Goldman Sachs with Ben Bernanke and Timothy Geithner’s help.
No wonder the majority of Americans want a full Audit of the Fed and Treasury, including the Mints and Bullion Vaults.
If we:
A) turn off government monopoly media making heroes out of bums,
B) share the truth which sets us free,
C) help family friends and neighbors vote for Patriotic Constitutional Independents who truly serve US this Fall,
then we may in fact take our country back from bonus banksters and their government corporate welfare pimps.
The alternative is watching the Jericho Wall of debt crush our country and lives like Financial Armageddon.
Uncle Sam owes more than we own. That cannot last much longer.
We must pay down or forgive our debts with a spending freeze on deficits and earmarks and the 1% Transaction Tax on a quadrillion in voluntary transactions.
Andrew Jackson paid off the public debt in 1835. So can we…
Regards*Rich
February 4th, 2010 at 5:03 pm
Rich,
Like the website and all, but a reader needs to click 22 separate times simply to read the content of this entry. Perhaps a different format would be better?
Cheers.
February 24th, 2010 at 6:15 pm
Thanks clicks.
Took it up with the management.
Regards*Rich