Does the Rothschild family mentioned in the currency war really exist in history?

The sixth generation of Rothschild family, the chairman of Lochiel Financial Group, David? Baron Rothschild will tell you a true family legend.

So they really exist! -Dialogue with the Sixth Generation of the Rothschild Family

Legends about the Rothschild family

Rothschild is a mysterious and ancient financial family. When the first Rothschild family started their business 250 years ago, he was just an ordinary Jewish businessman in Frankfurt. In less than 100 years, the Rothschild family controlled the financial lifeline of Europe. In its heyday, its sphere of influence spread all over Europe and America, and the wealth it controlled even accounted for half of the world's total wealth at that time, reaching 50 trillion US dollars, equivalent to the wealth of the United States in one year now. The national debt of the world's major economies is issued by them, and the opening price of gold trading is decided by them every day. Stock markets all over the world fluctuate with Rothschild's capital trend. At that time, they were called the sixth empire in Europe above Britain, France, Germany, Russia and Austria, and their national emblems with five arrows in unison became a symbol of power in the world financial field.

So, are these legends true? The sixth generation of Rothschild family, the chairman of Lochiel Financial Group, David? Baron Rothschild will tell you a true family legend.

Reporter: Everyone says that the Rothschild family is rich. Can you tell us how much money this family has?

David? Rothschild: I don't think you will be surprised if I don't tell you the answer. We never make it public. Because our ancestors founded the business 250 years ago, our family was very powerful at that time, but today, our Rothschild family thinks that counting money all day is no longer fun, so I can't tell you how much money I really have. I know why you are interested in this question. I think it may be related to a bestseller published in China, but there is still a gap between this book and the real situation in our family.

Background: This bestseller mentioned the currency war. I don't know according to what information, the wealth of the Rothschild family in its heyday was $6 billion. According to the annual income of 6%, it will reach 50 trillion US dollars in 200 years, equivalent to 800 banknotes. Gates' wealth.

Reporter: I know that there are hundreds of biographies related to the Rothschild family in your French manor and your own study. What word would most people use to describe the Rothschild family in so many books?

David? Rothschild: I'm afraid it's hard to find one or two adjectives to describe our family, such as rich, rich. Our family has a history of 250 years. If we want to use an adjective to describe it, I am afraid it is "longevity".

The secret of longevity: a huge political network

Judging from some financial figures that can be found today, the legendary Rothschild family is nothing at all. For example, the current annual turnover of Rothschild Bank is about $654.38+000 billion, which is less than that of banks such as HSBC and Citigroup. How can there be such a big gap? Did the Rothschild family really decline because of some major blow, or did they hide their true strength by keeping a low profile?

Reporter: We know that your last wedding was your cousin's wedding. The wedding dinner was held at the White House, and former US President Bill Clinton also attended the wedding reception.

David? Rothschild: Because his wife is a friend of Hillary, she held a dinner party in Washington to celebrate.

Reporter: It is said that there is a saying in American society that if you receive an invitation from the White House and an invitation from Rothschild within one day, people will be more willing to choose the latter. Is that so?

David? Rothschild: I think it depends on the individual. Different people have different choices.

Reporter: Who is the VIP you invited recently? Can you introduce it to us?

David? Rothschild: I can tell you some examples. Politicians, such as former German Chancellor gerhard schroder, are old friends of China. He has always been a very important consultant of our company. Before Sarkozy became president, we were friends.

The second secret of longevity: diversified investment

Reporter: I saw such an investment in the Rothschild family file. De Beers Company in South Africa, many people know that it is a diamond company, with 70% of the global diamond production. There are also Brazil's Vale, Rio Tinto and BHP Billiton. These three iron ore groups can be said to be three companies that China iron and steel enterprises love and hate, because their iron ore production also accounts for 70% of the global market share, and there are actually Rothschild families behind these companies. There is also the hotel industry, such as the St. Jacques Hotel, which is a hotel that many national leaders want to stay in when they go to France, and it is also your investment; There are also top wineries, Lafite and Mouton, which are also invested by your family. When we see that many people are constantly making themselves bigger and bigger in one industry through mergers and acquisitions, you are constantly spreading to different industries. What kind of consideration is this?

David? Rothschild: We have embarked on the road of diversification. I think in a sense, we are loyal to our family background. We have three traditional investment fields, wine, art and banking, and we also invest in railways, even in China and India. In addition, we also like those natural resources, for example, we will invest in some minerals, but this does not mean that we will not invest in new areas, but these are traditional areas that our family has been investing in.

Reporter: Actually, it's not just the diversification you just mentioned. Many people have noticed the diversification of your investment. Some people say that the Rothschild family used to be like an aircraft carrier, but today, through different investment methods, you make people feel a bit like a potential underwater submarine, and sometimes you can't even see the Rothschild family in your investment. Are you worried that trees will attract the wind?

David? Rothschild: This impression is incorrect. We don't mean to hide ourselves, nor do we mean to be mysterious or low-key. Actually, I don't think it makes sense to keep talking about myself. I think if you can keep a certain mystery, you will live longer, because those who are often exposed by the media will become arrogant, and if people often see you in the media, they will find you annoying. I don't want to give the impression.

Secret of longevity 3: Smart is more conservative than others.

Reporter: In this financial crisis, the Rothschild family's inherent assets or investments have not suffered any losses.

David? Rothschild: I think it is unfair to other financial institutions to say that we are smart because we have nothing to lose. We Rothschild avoided losses, but this does not mean that we are the smartest, but because we are conservative. We have passed it on for six generations, so we will be more cautious.

Reporter: Is it because of conservatism that it has not been affected by the global financial crisis?

David? Rothschild: If you are a family with six generations of wealth, then you will obviously be more conservative than the first generation, because we hope to last longer. So I think it is appropriate for us to avoid this risk, because we are cautious and conservative, and the services we provide are financial services, not capital operation, so our risk is very small. Since it is an investment, we should be cautious, at least have a long-term vision. If you are a cautious person and have a long-term investment philosophy, then you can invest. If you want to make quick money, I advise you to be cautious.

Reveal the true and false legends in family history

1 Legend

18 June 18, a great war started in Waterloo, France. On one side is the French emperor Napoleon, and on the other side is the British general Wellington. This is the famous Waterloo War in history. At the same time, a war without smoke with British government bonds as a weapon also started on the London Stock Exchange. At eight o'clock that night, Napoleon's defeat was decided, so a man rode a fast horse on the battlefield and then rushed back to London by speedboat. This man is Nathan? Rothschild's messenger laid the groundwork on the battlefield in advance. What about Nathan? Rothschild stood alone in the port of London, waiting for the messenger. Nathan went straight to the exchange without saying anything after hearing the news. His first move was to sell all the bonds in his hand. The words "Britain lost" flooded the whole exchange in an instant, and everyone panicked and sold off, so that the national debt of 100 fell to 5 pounds in an instant, but at this time, Nathan? Rothschild, in turn, ate all the bonds, and the price rose to the sky after the news of Britain's victory came out. In this war alone, it is said that Rothschild made a profit of 230 million pounds, equivalent to 50 billion dollars now. You know, Warren Buffett has invested for 60 years. Before the financial machine appeared, his net worth was only $50 billion.

David? Rothschild: I have two opinions. In fact, even now, no one really knows what the profit was at that time. The second point I want to make is that everyone can tell a wonderful story about how much money someone made, but no one pays attention to it. Once our investment fails, we will lose everything.

Legend no.2

1802, the Rothschild family seized the opportunity of the Danish royal family's financial shortage and obtained the qualification to lend money to the royal family. Since then, they have entered the hall of doing business with go-vern-ment of various countries: from 1798 to 18 13, through funding the British army, 20,000 pounds rose to 50 million pounds; 1898 bought Suez Canal shares, with an annual income of 56%. Any opportunity will be exciting, but we often ask, why does your family always seize the opportunity?

David? Rothschild: I was able to seize the opportunity at that time because the times made heroes. Let me give you a new example. When our bank in France was nationalized at 1982, we had to move from the bank founded by my predecessor James 200 years ago to a very small office. At that time, it was just me, my dad and our respective secretaries, four people. Twenty-six years later, we became one of the most successful investment banks in France, with more than 650 employees. Now we are the market leaders.

Reporter: 198 1 year, President Mitterrand nationalized all the French banks at that time, so many private banks withdrew from the market and no one else saw the opportunity. Why do you think you can enter the market again at this time and continue to be a private bank?

David? Rothschild: In fact, the nationalized private banks in France were not due to economic and market reasons, and the nationalized banks were completely different from the private banks we set up next, and they were also very different from the private banks in Britain, so the nationalization at that time created an opportunity for us to integrate the advantages of British and French banks. However, in 1982, we are still restricted, that is, we can't be a bank under the name of Cairo Schild for several years. At that time, Rothschild's brand had been passed down for five generations, and its reputation was respected by everyone, but we could not set up a bank in the name of Rothschild. At that time, we all thought it was unfair. However, unfairness has given us more motivation for development.

No.3 legend

This example just now can show you how much the Rothschild family thinks and makes decisions when facing opportunities. For example, the first generation of Rothschild once said, "I kneel down to jump higher." It is precisely because there is such a sentence as a subtext that we can see that after 33 years of hard work, they won the opportunity to manage money for the royal family for the first time. It is said that the Rothschild family also has an ancestral motto: "We must walk with the king." Is it true?/You don't say.

David? Rothschild: I think so, but it will be a little different now. Where are these changes? There is one thing in the ancestral training that has not been formally written, but it is basically our subtext, that is, women at home are not allowed to do business, but this is not the case today. Look at my daughter. I am glad that she is a banker. Therefore, we should keep pace with the times, and the times have changed, so have you, so that you can position yourself and your family more accurately.

The fourth legend

When Titanic went out to sea on 19 1 1, a fierce commercial war was launched around this unsinkable ship. At that time, almost all insurance companies rushed to provide insurance for the unsinkable Titanic, which was a sure-fire business. However, Rothschild's Royal Sun Insurance Company is unwilling to do so. Someone asked Rothschild afterwards, how could he have such foresight? The answer is that the ship is too big to float. This abandonment is common in the history of the Rothschild family. Is the loss of enterprising spirit or the result of careful consideration behind this abandonment? Or the insurmountable iron law in the 250-year history of the Rothschild family?

David? Rothschild: I don't know why I really didn't pay much attention to the details of the Titanic. All I know is that it did happen. The specific details in the story may not be accurate, but I don't know the specific details.

On April 14, 2004, the Rothschild family announced their withdrawal from the gold pricing system. In the previous 200 years of history, the Rothschild family has been firmly controlling the pricing power of world gold.

David? Rothschild: I can answer this question because I have made a decision to withdraw from the pricing power of gold. First, there are historical reasons. In the past, the price of gold was determined by our bank in London, so some people said that all gold investment activities were manipulated by our office at that time. But later, our gold pricing power was more symbolic. In the gold market, many experts are involved in setting the price, not just our office in London. When I took over the gold business from my cousin, I found that if we want to succeed in the gold industry, we must be big, because we need to spend a lot of money to influence the market. The second reason is that I think it doesn't matter to give up the pricing power of gold, because pricing power is not necessarily related to profit and loss. At that time, I spent a lot of time explaining to people in the company that I prefer to concentrate my business on our core business, and gold trading has little to do with the core business. Even if we give up, it doesn't matter "Gold pricing right holder" used to be the glory of our family, but now it is not an important business of our family, so it doesn't matter if we give up.

The Rothschild family experience

Reporter: Financial derivatives make many people earn a lot of money. Have you never been impulsive when you see others engaging in financial derivatives?

David? Rothschild: Financial derivatives, this is too easy to answer. Financial derivatives is a very complicated business. If you have strong strength, very expensive IT equipment and very mature risk control ability, then you are likely to succeed. Even so, not long ago, many investment banks suffered heavy losses in derivatives business. So I said that only those big financial institutions can afford financial derivatives, but it is foolish for one company to do financial derivatives alone. Of course, I know that these financial derivatives have created a lot of wealth in the past twenty years, but many people say that financial derivatives have made many people make money, but they don't say that many people have suffered setbacks in the past twenty years.

Reporter: We have noticed that you will not only abandon these high-return but high-risk products, but also deliberately stay away from high-speed development. Why?

David? Rothschild: We really don't want to completely avoid high growth as you just said. Let me give you an example to illustrate this problem. For example, our office in London has a history of more than 200 years. During the financial crisis, we demolished it and built a very expensive office building with 14 floors. Do you think this is conservative or cautious? I don't think so, so we should be conservative when we should be conservative and do it when we should do it.

Reporter: Once again, we heard you mention the key word "conservative". In fact, many people want to make quick money, but you don't deliberately make quick money. Is it because you have earned enough money, or do you need to be conservative and make your pace more stable?

David? Rothschild: It doesn't really make much sense. I'm not the kind of person who thinks so much. I didn't deliberately measure it by moral standards. As long as there is an opportunity to make money, we must seize it.

Reporter: From the development history of the Rothschild family for more than 200 years, what should we do and what should we not do?

David? Rothschild: This question is difficult to answer. I believe everyone has different opinions. Some people are born to be top traders and top businessmen, and they can smell business opportunities. In the first generation of Rothschild, we may have a little bit of this commercial gene, but in later generations, we may not have such talent. For those who have no talent, we should adopt a farmer's way, that is, long-term observation, and then sum up a trend to find opportunities, and we belong to this model. We should carefully observe the trend like farmers and then make the best decision.

Reporter: Did the words just now reveal two words very obviously: "conservative"? Are Conservatism and Innovation Contradictory?

David? Rothschild: No, no, let me tell you something about myself. I have been in business for 40 years and I am 66 years old. I've met some people who always want me to be richer, but you know, there is always a limit to everything. You should have your own ambitions, but that doesn't mean you don't need to be conservative. The two are not contradictory. For example, I am ambitious. I hope our family business can be passed down all the time. I hope we can become more global, influential, professional and developed. But I don't think about how to become richer all day, because one can only sit in a chair, drive a car and sleep in bed at the same time, so I think wealth needs a process of accumulation. If you think about me getting rich every day, I may get better. Conservatism does not mean retreating, but moving forward cautiously.

In many books describing the Rothschild family, it is often mentioned that when others are pessimistic, it is often when the Rothschild family sees hope. Therefore, when the financial crisis has a great impact on our economy and some people lack confidence, I wonder if you see confidence and opportunities from it.

David? The depth and breadth of this financial crisis is unprecedented in Dou Shi. Our entire financial order has been severely impacted, and the financial system is also terminally ill. Now asset prices all over the world are falling sharply, even those with better quality are falling sharply. Therefore, from the perspective of investment, the crisis has bottomed out and investment opportunities will come soon.

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