Sunday, 19 August 2012
Rothschild Confirmation Of Eurozone Breakup
Lord Rothschild takes £130m bet against the euro
Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up.
Lord Rothschild has led RIT since 1988 Photo: AP
9:55PM BST 18 Aug 2012
The member of the banking dynasty has taken the position through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.
The fact that the former investment banker, a senior member of the Rothschild family, has taken such a view will be seen as a further negative for the currency.
The latest omen follows news in The Daily Telegraph late last week that the government of Finland is already preparing for the euro’s break-up.
RIT, which Lord Rothschild has led since 1988, had a -7pc net short position in terms of principal currency exposures on the euro at the end of July, up from -3pc at the end of January. Given a net asset value of £1.836bn at the end of July, the position is worth £128m.
Sources close to RIT suggested that the position was not a dogmatic negative view on the euro as a currency, but rather a realistic approach on a currency that remains relatively weak.
It is not the first time Lord Rothschild has used currency positions as a form of hedge. RIT significantly increased its exposure in sterling after the currency’s decline in 2008, but then scaled back on both the sterling and the euro, anticipating the ensuing recessions in both regions.
Some 53pc of RIT’s assets were in US dollars at the end of July, in part a reflection of its deal to buy a 37pc stake in Rockefeller Financial Services at the end of May.
Lord Rothschild is not alone in seeing value in shorting – or selling down – the euro. At a conference organised by business news channel CNBC in July, Mary Callahan Erdoes, head of JPMorgan Asset Management, said “shorting the euro” when asked for her single best investment idea.
In June, George Soros – the billionaire investor best known in the UK for helping to force sterling out of the European Exchange Rate Mechanism in 1992 by betting against the British currency – said that European leaders at that point had a “three-month window” to save the euro.
Source
For anyone who is not asleep this will serve as confirmation that the European Debt Union will indeed collapse shortly.
The video above is of UKIP leader Nigel Farage and his constant warnings of this financial collapse. For over a decade he has worked tirelessly as a Member of the European Parliament. Nobody listened but everybody is listening now.
Wiggy
See also http://blogbywiggy.blogspot.co.uk/2012/08/finland-preparing-for-eurozone-break-up.html
And http://blogbywiggy.blogspot.co.uk/2012/08/the-eurozone-is-shrinking-as-we-head.html
Some 53pc of RIT’s assets were in US dollars at the end of July, in part a reflection of its deal to buy a 37pc stake in Rockefeller Financial Services at the end of May.
Lord Rothschild is not alone in seeing value in shorting – or selling down – the euro. At a conference organised by business news channel CNBC in July, Mary Callahan Erdoes, head of JPMorgan Asset Management, said “shorting the euro” when asked for her single best investment idea.
In June, George Soros – the billionaire investor best known in the UK for helping to force sterling out of the European Exchange Rate Mechanism in 1992 by betting against the British currency – said that European leaders at that point had a “three-month window” to save the euro.
Source
For anyone who is not asleep this will serve as confirmation that the European Debt Union will indeed collapse shortly.
Wiggy
See also http://blogbywiggy.blogspot.co.uk/2012/08/finland-preparing-for-eurozone-break-up.html
And http://blogbywiggy.blogspot.co.uk/2012/08/the-eurozone-is-shrinking-as-we-head.html
5 comments:
Piece of shit Rothschilds are nobility wannabes, their lineage goes less than two and a half centuries back and they come from Bauer family which is German for PIG farmer.
Is someone making an investigation of where the Rothschild's got their wealth.
If they were the primary investors in the Federal Reserve then they should have been wealthy beforehand.
Here it states they are worth $400 billion and they got it from bank offices and branches to start with.
http://www.celebritynetworth.com/articles/entertainment-articles/how-rich-is-the-rothschild-family/
Once Keenan shuts down the Federal Reserve will the Stockholders, the Rothschild's, have to pay the people of the world back or do they claim Bankruptcy and keep their wealth?
Will ALL the ancestors of Mayer Amschel Rothschild have to give up any or ALL of their funds to the world to pay back the Trillions DUE?
Maybe with their attitude they are immune they should have people watching them and ready to SEIZE their assets immediately and make their arrests if they refuse!
Genealogy of the Rothschild family from Mayer Amschel Rothschild, (1744–1812), banker
founder of the dynasty till now:
en.wikipedia.org/wiki/Genealogy_of_the_Rothschild_family
You will see that a Rothschild married a Rothschild, like cousins once removed, to keep the wealth in their name.
However, NO Bush or Clinton is listed so someone has included them in the Family yet this site does NOT!
In the pic of Lord Rothschild it looks like he forgot to wipe the jizz off of his lip before someone snapped the pic. I agree with Anon @11:34 a.m. You are right about the lineage and wannabe nobility...they are lords of nothing.
Topic rothschilds the official pope for lucifer with many minions thru blood or marriage are bonded together for one purpose a world run by lucifer himself it seems for the majority of the sheeple very hard to,understand and believe why lucifer has done a great job making sure you don't even think he is real and his minions well they sold there souls for these great gifts that lucifer gave them and they sold out god himself because he really gave them the knowledge to achieve beyond others so sell outs all across the board and going on daily the mi ions are happy thinking they are in full control honoring lucifer the way he has instructed them
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