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Lord Jacob Rothschild Suggests You Panic
When The Lord tells you to panic... You panic. And beg for QE 3, 4, 5, etc. Just think of the poor bankers.
From RIT Capital Partners PLC Annual Report:
Let me look now at the time ahead. I reminded shareholders in my Chairman’s Statement last year that our aim of preserving shareholders’ capital takes precedence over short-term capital growth if we feel that there remains above-average risk of capital loss. There is, I believe, a growing awareness of the dangerous position which confronts many countries, particularly those in the developed world. In spite of these concerns, we continue to take advantage of areas that we believe are attractive, but we will remain cautious in terms of the quantum of capital that we allocate. For instance, your Company has benefited from the rise in commodity prices. Yet a noted US strategist has pointed out that commodity returns relative to equity returns are at a 200-year high on a rolling 10-year basis. We are not alone in having noted the attractive level of valuation of many quality companies, eclipsed till now by commodity and cyclical companies. After a decade of commodity leadership, a shift to a new regime is a possibility; identifying a new trend, if indeed it comes to pass, will be a major factor in future investment performance.
The risks ahead are glaring and global. The US recovery is fragile, with millions unable to find work. The Dollar has diminished in value and the government deficit has ballooned. In Europe, the fate of the Monetary Union is in doubt and growth is likely to slow as the European Union seeks to rein in government deficits and spending in a number of their member countries. Japan’s challenge following the earthquake and tsunami is monumental. The Middle East uprisings have led to a surge in oil prices. Inflation is threatening in emerging markets. African and other poor nations are suffering from grain prices which have risen by about 70%. It is likely that the withdrawal of the fiscal and monetary stimuli which will surely come soon will have an impact on global growth: indeed there is already evidence of some slowing down since your Company’s year-end of 31 March. Stock market performance does not necessarily go hand in hand with economies. Timing is crucial, at least in the short term, for investment performance. In these uncertain times it means retaining a good quota of liquidity and being eclectic in our investments, picking our stocks and situations well as we long have done.
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Heading straight to the Sun.
"commodity returns relative to equity returns are at a 200-year high on a rolling 10-year basis. We are not alone in having noted the attractive level of valuation of many quality companies"
"The risks ahead are glaring and global. The US recovery is fragile, with millions unable to find work. The Dollar has diminished in value and the government deficit has ballooned. In Europe, the fate of the Monetary Union is in doubt and growth is likely to slow as the European Union seeks to rein in government deficits and spending in a number of their member countries. Japan’s challenge following the earthquake and tsunami is monumental.The Middle East uprisings have led to a surge in oil prices. Inflation is threatening in emerging markets."
Did the same person say these two things? Is he a crook?
Ah, the House of Jacob speaks!
Anyone else catch the double-entendre possibly contained in this nugget?
"...a shift to a new regime is a possibility; identifying a new trend, if indeed it comes to pass, will be a major factor in future investment performance."
Somehow maybe he is talking about more than just investing?
Anyone else catch the double-entendre ...?
This is how these global gangsters communicate. One message for the sleeping and medicated serfs, and at least one other for their criminal monster friends to nod their heads at and laugh at the slaves. Around 10 years ago one of the Rothschild relatives in France got a little unwanted publicity. Seems some commoner woman had escaped from his estate. The story she told was that she was held hostage being tortured and starved by the Lord of the Manor. At the time it was reported when police went onto the Rothschild estate to investigate they found dead bodies and woman being kept in cages… And that’s where it ended. These sociopaths are above the law and their predatory behavior (especially in finance) goes unchallenged and unchecked.
the police actually made a mistake and raided my house
looking for the london times article 1999, but can't find it
You sure you're not thinking of Frodo in "Sin City"? (Now there's an actor desperate not to be typecast)
Oh wait, nm, that was 2005
Sell Winthorpe. Sell.
Reminds me of the Gilligan's Island episode where Mr. Howell is the grungy old miner passing out phony IOU's (fractional reserve banking)...
The Professor comes up with a noose and says:
Geeves! Get me my panic butler immediately. I need to smack him smartley with my cane to release this tension.
Listen up, my sisters and brothers.
The Rothschild legacy, even when conflated or somewhat twisted at the margin when the lore is told, is a point of fact.
However, too many put too much stock in the control that the Rothschilds yield and the brilliance that they possess (the founder was a brilliant man, as was his son who he dispatched to London, and they do yield considerable power still today).
What really drives the whole system we now live in, and are at times beneficiaries of, and at other times 'victims' of, is human greed. We all want, want, want (or at least the overwhelming majority do) things that we don't even need, need, need.
In fact, the great majority of what we desire to possess is neither necessary nor will it improve our lives in any meaningful way (just the opposite, but more on that below).
What allows the greed to take root into an implement of destruction? Easy access to credit, which converts to debt the moment one signs the note/mortgage/contract/loan doc, etc.
The boom and bust cycle, which has been made possible only by giving 'central banks' the power to expand and contract the money supply (and consequently, the access to capital and credit), is merely a byproduct of destroying the bad debt, and resetting the table for the next bubble, inevitably larger than the last, which is absolutely necessary in order to expand economic activity in any economic system based on fractional reserve banking practices, since the volume of money/credit/debt loaned and then destroyed, must always be greater in after new periods of expansion than prior periods of expansion.
So it is basic culture, partly spawned by media/advertising/marketing (aspirational products that feed the sense of self-worth - albeit temporarily and falsely), combined with the basic human desire on the part of most to accumulate more, that leads people into a life of debt slavery. And make no mistake, debt slavery is absolutely essential in our system of commerce, created by those who can create and destroy money-fiat/credit/debt at their discretion and at no cost, in order for the economy to expand, for whatever intervals of expansionary activity.
If everyone or even a significant plurality of people, businesses and governments paid for those things they needed, and especially, wanted/desired, using resources they already had in hand, rather than resorting to tapping credit/debt, the system would implode.
I know that most on Zero Hedge know this, as it is essentially the script that is laid forth plainly and fully in Modern Money Mechanics, which is the working guidebook for our own 'Federal' Reserve Bank, as well as all others modeled on the England Central Bank (the original model created by the House of Rothschild), but it bears repeating if only to remind ourselves that to break free of a system most of now agree has grown so grotesque and morally perverted, we need nothing less than to change our basic culture and way of estimating the hazard of debt and the hazard of want of that which isn't needed, and will not even improve our fundamental lives (but rather, make them worse, as the price to obtain these things is the very debt that crushes our freedom).
There is nothing wrong or immoral in wanting nice things. There is everything righteous and moral in wanting security of healthy, quality food, health care, housing, energy, education and basic security for one and one's family. These things improve our lives dramatically, and help us to achieve other things that are more centered around our loves, interests and true passions in life.
The last that TPTB want is for there to be a cultural, psychological and basic shift away from the trend of increasing willingness to take on debt, to a new acceptance and even embracing of a trend to shun debt, and desire to live within our current means, as this would cause the entire fractional reserve banking system upon which most of the global economy is now based to implode within a matter of years (as measured in the single, not double digits).
If debt is shunned and deleveraging continues, look forward to some of the most innovative and imaginative new means of marketing and peddling debt that the world has ever seen. The seduction that will be created, and the attempted minimization of the risks involved in accessing that debt, will be truly remarkable.
HERE'S A PANIC CHART...
http://stockmarket618.wordpress.com/2011/06/01/wed-june-1