From Elmer Lane
3-17-8
Under the headline "Lord Rothschild Backs John McCain"
The Washington Post(March 15, 2008) informs us that "Sen. John McCain plans at least one campaign event on his week-long congressional trip to Europe and the Middle East: a March 20 fundraiser in London. An invitation sent out by the campaign says the luncheon will be held at Spencer House, St. James's Place, 'by kind permission of Lord Rothschild OM GBE and the Hon Nathaniel Rothschild.' Tickets to the invitation-only event cost $1,000 to $2,300. Attire is listed as "lounge suits.
How innocent is that?
"The time to buy is when blood is running in the streets." This remark was made by an earlier Nathan Rothschild, the one who reduced the Bank of Englands gold reserves by 100,000 pounds by cahsing hundreds of small notes, almost sinking that institution because the bank would not cash his one of his larger notes. You will note that as blood has been running in Wall Street Goldman Sachs has been investing billions in its hedge funds, paying off %16 percent in just one month, "contrarian-like-a-fox" profitably buying up selected assets as share prices tumble. But the Rothschilds are also playing this game with their hedge funds. Are they placing bets which McCain will turn into sure things? Consider what is behind that question:
"Nathaniel Philip Rothschild (b. 1971), British investor, co-chairman of Atticus Capital. More than 200 years after Mayer Amschel Rothschild founded the family dynasty that offered discreet counsel and investment wisdom to kings, queens, emperors and industrial titans, his 35-year-old direct descendant, Nathaniel, has emerged as a kingmaker in his own right and an investor who some say may become the richest Rothschild of them all. In five short years, the man in line to be the fifth Baron Rothschild became close to becoming a billionaire through a web of private equity investments in Ukraine, Eastern Europe and most significant, his partnership stake in Atticus Capital, the fast-growing $14 billion hedge fund. Rothschild began his career in 1994 at Lazard Brothers Asset Management in London, before joining Gleacher Partners, the New York-based mergers and acquisitions (M&A) advisory firm founded by Eric Gleacher, former head of M&A at Morgan Stanley and Lehman Brothers. Rothschild is partner and co-chairman of Atticus Capital LLC, an international investment management firm established in 1995, that has offices in New York and London. Mr. Rothschild is also a director of RIT Capital Partners plc, and a director of The Rothschild Foundation. Rothschild is a member of the Belfer Center's International Council at Harvard's John F. Kennedy School of Government and the International Advisory Council of the Brookings Institution. He is also a member of the International Advisory Board of the Barrick Gold Corporation. Mr. Rothschild was nominated as a "Young Global Leader" by the World Economic Forum in 2005. Among the top money makers of the world almost all of the money coming from earnings of his investment in Atticus Capital hedge fund. He is partner and co-chairman of Atticus. In addition to his responsibilities at Atticus, Rothschild is director of RIT Capital Partners, his father's publicly traded U.K. investment trust. He is also director of JNR Ltd. -- the initials stand for Jacob and Nathaniel Rothschild -- a merchant banking boutique that specializes in emerging markets. Like his forebears, Nathaniel Rothschild prefers that his influence remain unseen. Mr. Rothschild is a principal adviser to Oleg Deripaska, one of the richest oligarchs in Russia and the owner of the aluminum giant Rusal, which recently merged with two other companies to create the world's largest aluminum company. Mr. Rothschild received no public credit despite having played a crucial role in getting the deal done.
"Lord Jacob Rothschild, OM GBE was born Nathaniel Charles Jacob Rothschild, the fourth Baron Rothschild. The 78 year old merchant banker is President of the Institute for Jewish Policy Research, an organization dedicated to cooperation in research, analysis and policy planning on issues affecting Jewish life worldwide. He is head of the English branch of the Rothschild family and chairman of RIT Capital Partners plc. Lord Rothschild is a member of the board of trustees of the Open Russia Foundation and serves as chairman of Yad Hanadiv, the Rothschild foundation which built and handed over to the State of Israel the buildings for both the Knesset and the Supreme Court. He is also Chairman of Rothschild Investment Trust (now RIT Capital Partners plc), an investment trust listed on the London Stock Exchange. He is a shareholder in Rothschild Continuation Holdings, the Swiss-based holding company for the Rothschild interests which has positions in many of the family businesses, including the bank N M Rothschild & Sons. From his headquarters in St James's Place in London, Jacob Rothschild has cultivated an influential set of clients, business associates and friends who have extended his interests far beyond the normal scope of a banker. He maintains strong personal and business links with Henry Kissinger. His country estate has been a regular venue for visiting heads of state including Bill Clinton. He hosted the European Economic Round Table conference in 2002, attended by such figures as James Wolfensohn, former president of the World Bank, Nicky Oppenheimer, Warren Buffett and Arnold Schwarzenegger.
"Forbes magazine poses lower ranking billionaires like Bill Gates and Warren Buffett as the richest men in the World. Retired management consultant Gaylon Ross Sr, author of Who's Who of the Global Elite, has been tipped from a private source that the combined wealth of the Rockefeller family in 1998 was approx (US) $11 trillion and the Rothschilds (U.S.) $100 trillion. A recent article in the London Financial Times indicates why it is impossible to gain an accurate estimate of the wealth of the trillionaire bankers. Discussing the sale of Evelyn Rothschild's stake in Rothschild Continuation Holdings, it states: ...[this] requires agreement on the valuation of privately held assets whose value has never been tested in a public market. Most of these assets are held in a complex network of tax-efficient structures around the World. The power of the Rothschild family was evidenced on 24 Sept 2002 when a helicopter touched down on the lawn of Waddedson Manor, their ancestral home in Buckinghamshire, England. Out of the helicopter strode Warren Buffet, - touted as the second richest man in the World but really a lower ranking player- and Arnold Schwarzenegger (the gropinator), at that time a candidate for the Governorship of California. Also in attendance at this two day meeting of the World's most powerful businessmen and financiers hosted by Jacob Rothschild were James Wolfensohn, president of the World Bank and Nicky Oppenheimer, chairman of De Beers. Arnold went on to secure the governorship of one of the biggest economies on the planet a year later. That he was initiated into the ruling class in the Rothschilds' English country manor suggests that the centre of gravity of the three hundred trillion dollar cartel is in the U.K. and Europe not the U.S. "
"United Kingdom banker N M Rothschild & Sons Ltd. is one of the last remaining of the great family-controlled banking dynasties established in the 19th century. Dwarfed by its larger, public rivals, Rothschild nonetheless remains a mythical name in the banking world. N M Rothschild provides banking and treasury financing services, treasury metals, and resource banking, including a central position in the world bullion markets, investment banking services (together with its joint-venture partnership with ABN AMRO), and risk management services. Since the 1990s, N M Rothschild has been taking steps to consolidate the operations of the various and far-flung Rothschild financial operations, most of which operate as subsidiaries under the Rothschild family-controlled Rothschild Continuation Holdings AG, established in Switzerland in the early part of the 20th century to protect the family's ownership of its banking empire. N M Rothschild has also been working in close cooperation with the--independent--Paris branch of Rothschild banking interests, Rothschild & Cie, led by David de Rothschild, who also functions as deputy chairman of N M Rothschild and is the heir-apparent to chairman and long-time leader Evelyn de Rothschild.
"N M Rothschild found plenty of work in the great wave of British privatization that swept the country during the late 1980s. The company was involved in a number of the country's most ambitious privatization programs, including the £5.6 billion privatization of British Gas in 1986, the exit of the British government from British Petroleum in 1987, and the privatization of the United Kingdom's water and sewage industry in 1989. At the same time, N M Rothschild, while remaining true to its family-owned and independent status, nonetheless made moves to establish itself as a globally operating entity capable of competing with the financial industry's heavyweights. As such N M Rothschild bolstered its international presence, consolidating its United States operations under the single Rothschild Inc. entity, based in New York, in 1981 and establishing separate Canadian operations with its Rothschild Canada Inc. subsidiary. The firm also opened offices in Germany and Italy at the end of the decade. During the 1990s, N M Rothschild began making stronger moves to draw together the various elements of the Rothschilds' empire. One of the last of these was the highly successful Paris-based banking arm, Rothschild & Cie., which retained its independent status. This business, led by David de Rothschild, had been created in the mid-1980s as France's banking industry shrugged off the ill-fated nationalization of the country's commercial banking system under the Socialist government in the early 1980s. The former Banque de Rothschild had been nationalized in 1982. Two years later, Baron Guy de Rothschild and son David took the compensation they had received--about 80 million--and started a new investment banking firm, Paris-Orleans Finance. It was not until 1986, however, that the French Rothschilds were granted a new banking license and the right to restore the family's name to their bank, as the French banking industry once again became privatized.
David de Rothschild quickly took the lead in rebuilding Rothschild & Cie, transforming it into a new French financial powerhouse and one of the driving forces behind many of the country's largest business deals through the next decade. When Evelyn de Rothschild began to look toward consolidating the family's banking interests, he tapped David de Rothschild to become N M Rothschild's deputy chairman in 1992, establishing his younger cousin as his heir apparent. That position was reinforced in 1996, when N M Rothschild engaged in a restructuring of its global operations, reorganizing its businesses around five main product lines: resource banking and treasury operations; investment banking; asset management; development capital; and private banking and trust management services. At the same time the Rothschild operations set up a group investment banking committee charged with coordinating the global financial business of the Rothschild empire. David de Rothschild was named as head of the new committee. Also in that year, N M Rothschild established a joint venture with Dutch bank ABN AMRO to compete for contracts in the world's equity markets. By 1999, that venture--ABN AMRO Rothschild--was completing deals worth more than $125 billion per year.
In the late 1990s, N M Rothschild client-intensive approach paid off as the group became an important player in the booming European market for mergers and acquisitions.
The firm took part in such important deals as the launch of EADS, the European aerospace group created from the merger of France's Aerospatiale, Spain's CASA, and Germany's DASA. N M Rothschild was also an advisor on the massive restructuring of Deutsche Telekom, valued at more than $15 billion; the firm also backed England's National Grid Group in its $8.9 billion takeover of Niagara Mohawk Holdings in the United States, while playing a supporting role in the takeover of Mannesmann by Vodaphone, worth more than $200 billion.
"As the company celebrated more than 200 years of operations at the heart of the world's financial markets, N M Rothschild continued to explore new frontiers. In 1999 the company announced its plans to extend the ABN AMRO Rothschild joint venture to cover the lucrative market for initial public offerings in the United States.
"N M Rothschild found plenty of work in the great wave of British privatization that swept the country during the late 1980s. The company was involved in a number of the country's most ambitious privatization programs, including the £5.6 billion privatization of British Gas in 1986, the exit of the British government from British Petroleum in 1987, and the privatization of the United Kingdom's water and sewage industry in 1989. At the same time, N M Rothschild, while remaining true to its family-owned and independent status, nonetheless made moves to establish itself as a globally operating entity capable of competing with the financial industry's heavyweights. As such N M Rothschild bolstered its international presence, consolidating its United States operations under the single Rothschild Inc. entity, based in New York, in 1981 and establishing separate Canadian operations with its Rothschild Canada Inc. subsidiary. The firm also opened offices in Germany and Italy at the end of the decade.
"During the 1990s, N M Rothschild began making stronger moves to draw together the various elements of the Rothschilds' empire. One of the last of these was the highly successful Paris-based banking arm, Rothschild & Cie., which retained its independent status. This business, led by David de Rothschild, had been created in the mid-1980s as France's banking industry shrugged off the ill-fated nationalization of the country's commercial banking system under the Socialist government in the early 1980s. The former Banque de Rothschild had been nationalized in 1982. Two years later, Baron Guy de Rothschild and son David took the compensation they had received--about 80 million--and started a new investment banking firm, Paris-Orleans Finance. It was not until 1986, however, that the French Rothschilds were granted a new banking license and the right to restore the family's name to their bank, as the French banking industry once again became privatized.
"David de Rothschild quickly took the lead in rebuilding Rothschild & Cie, transforming it into a new French financial powerhouse and one of the driving forces behind many of the country's largest business deals through the next decade. When Evelyn de Rothschild began to look toward consolidating the family's banking interests, he tapped David de Rothschild to become N M Rothschild's deputy chairman in 1992, establishing his younger cousin as his heir apparent. That position was reinforced in 1996, when N M Rothschild engaged in a restructuring of its global operations, reorganizing its businesses around five main product lines: resource banking and treasury operations; investment banking; asset management; development capital; and private banking and trust management services. At the same time the Rothschild operations set up a group investment banking committee charged with coordinating the global financial business of the Rothschild empire. David de Rothschild was named as head of the new committee. Also in that year, N M Rothschild established a joint venture with Dutch bank ABN AMRO to compete for contracts in the world's equity markets. By 1999, that venture--ABN AMRO Rothschild--was completing deals worth more than $125 billion per year. In the late 1990s, N M Rothschild client-intensive approach paid off as the group became an important player in the booming European market for mergers and acquisitions. The firm took part in such important deals as the launch of EADS, the European aerospace group created from the merger of France's Aerospatiale, Spain's CASA, and Germany's DASA. N M Rothschild was also an advisor on the massive restructuring of Deutsche Telekom, valued at more than $15 billion; the firm also backed England's National Grid Group in its $8.9 billion takeover of Niagara Mohawk Holdings in the United States, while playing a supporting role in the takeover of Mannesmann by Vodaphone, worth more than $200 billion. As the company celebrated more than 200 years of operations at the heart of the world's financial markets, N M Rothschild continued to explore new frontiers. In 1999 the company announced its plans to extend the ABN AMRO Rothschild joint venture to cover the lucrative market for initial public offerings in the United States.
Thursday, March 20, 2008
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