Nearly every mention of Macron securing his job at Rothschild & Co includes Serge Weinberg, Alain Minc(owitz), Jacques Attali, and Bernard Mourad claiming credit for the move, begging the question – why Rothschild? Why not Société Générale, BNP, UBS, Goldman, BlackRock, or Barclays?
There are many choices within the Mergers and Acquisitions (M&A) sector. Lazard Frères based in New York and Paris, co-owned by the Weill family, with €200 billion assets under management. The Zaoui brothers, former Goldman employees worked on deals worth €78 billion in their first year, shaking up the M&A world with Nestlé’s controlling stake in L’Oréal. There is Moelis of New York, rolling out Aramco’s (and world’s biggest) IPO.
What’s so special about Rothschild, that Macron had to go there, and that four Jewish windbags never miss a chance to shout “It was me! It was me who got him the job there!”
In her Rothschild, une banque au pouvoir (“Rothschild, a Bank in Power”) Martine Orange has David de Rothschild observing that his bank is a kind of stepping stone where anyone politically ambitious is expected to make a pit-stop:
“He knows the House is considered a kind of rite of passage for executive appointments in the government. This is the ransom of influence…”
[original:] “Il sait que la maison est considérée désormais comme un de ces points de passage obligés par la haute fonction publique. C’est aussi la rançon de l’influence. “
No reasons, no explanations are given for this observation. The bank’s annual report doesn’t justify it. Nor do the paltry sums under management. It’s the family, its ties, contacts, money and foundations coupled with a unique legacy that result in networks of patronage that rival, and often supersede far larger competitors. The family’s Jewishness and unique business experience create knowledge, opportunities, and practices that cannot be imitated or easily replaced. The Rothschilds have perfected the art of monetary power. Not too much, not too little, and they are the only ones who come close to knowing just how much, is right.
A rudimentary list of Rothschild alumni in the world’s largest corporations gives us Coca-Cola, Shell, Repsol, De Beers, Freshfields, the Guardian (media), the Economist, etc. A more detailed analysis of the firm in relation to the world’s largest financial institutions is more revelatory.
Here a rundown of non-banking firms managing trillions of dollars, and here a ranking of the world’s biggest banks. BlackRock has $5 trillion assets under management (AUM), Vanguard $4 trillion, State Street $2 trillion, Fidelity $2 trillion – the titans of world finance. A handful is based in the UK and France. Before plumbing their links with Rothschild & Co it is helpful to put the relative market power of the titans into perspective.
In “The Network of Global Corporate Control” researchers identified a financial pecking order (popularized as the “Networks that Run the World”). Dated from 2011 the order has evolved, but Barclays, Capital Group, Fidelity, Axa, State Street, and Legal and General remain central to the global financial system in 2019. The notable absentee, BlackRock only began its rise in 2009, with the purchase of Barclays Private Bank, at which point Barclays became a 30% owner of BlackRock. The deal made BlackRock what is today, a curious coincidence considering Barclay’s traditional ties to the Rothschilds.
In 1981, the French banking assets of the Rothschild’s were forcefully nationalized by President François Mitterand. They were rebranded as state owned Compagnie Européenne de Banque only to be privatized five years later as Crédit Commercial de France, and in the early 1990s Barclays Plc of London, bought this last entity.
Nigel Higgins had been working for the English Rothschild’s since 1982 in what was then known as NM Rothschild (London). In 1986, the French Rothschild’s, having lost their bank to Mitterand, formed a new company called Paris Orléans. In 2003 the French and British Houses (NM Rothschild and Paris Orléans) merged, creating Concordia Group, and in 2010 Nigel Higgins was made deputy chairman of Concordia Group (Serge Weinberg was one of his employees), and remained so when the group was again renamed in 2012 to Rothschild & Co. In 2018 Higgens became the chairman of Barclays Plc.
Previous to Higgens, the president of Barclays was Marcus Agius. Descended from Jewish Catholic converts, Agius married into the Rothschild family, but spent more than three decades at Lazard Frères. Agius became the first ever non-executive to be appointed to the BBC board of directors.
From acquiring nationalized family assets, to controlling the world’s most powerful bank, the ties between Barclays and Rothschild are solid, offering a possible explanation why Rothschild & Co enjoys a strategic partnership with BlackRock in Australia.
Why would the world’s largest asset manager need a “strategic” tie up with what is a puny Parisian bank, nominally claiming to have 2000 staff, and less than ten billion dollars in AUM, and for Australia of all places? The 30% Barclays stake in BlackRock might be part of the answer.
Ties between American financial titans and Rothschild are less interesting. In 2009 N.M. Rothschild did some moderate business with State Street. A few Rothschild alumni work for Capital Group (€1.5 trillion AUM). Prudential ($1 trillion), poached a handful of staff. Mike Amey, one of the four managers of PIMCO’s $1.4 trillion fund was head of Rothschild’s Asset Management in London. Goldman Sachs Asset Management with its $ 1 trillion portfolio has Amey’s former colleague Andrew Francis Wilson as CEO of EMEA and Co-Head of Global Fixed Income. Deutsche’s Investments funds -worth €600 billion- also include Rothschild staff.
American BNY Mellon Investment Management has a whopping $1.5 trillion AUM, but is also the parent company of UK based Insight Investment with its own impressive rank of 23d in global AUM. Insight grew out of a take-over of Rothschild Asset Management (from which Wilson and Amey hail) in 2003. Abdallah Naphal is a Lebanese “immigrant” who worked his way up Rothschilds in the late 90s, and now controls Insight Investment’s €650 billion AUM.
BNY Mellon is the silent giant of global finance. In custodian terms, only one institution on the planet comes close to matching it. With an impossible $31 trillion (that’s right thirty one trillion!) AUM, it is the administrative brain center of global banking. Unlike State Street whose custodian AUM is in the upper twenty trillion, Mellon remains a bank, not a fund, which explains why “the enigmatic bank’s shares have outperformed the S&P 500 over the past three decades by nearly 700 percentage points.” BNY Mellon is systematically underestimated in its importance. The link between Insight and Mellon, and Rothschild and Naphal may imply a direct Rothschild line to the core of the global financial system. May.
The UK’s biggest entry on the list after Barclays is Legal and General at No 11. With a trillion dollars under management, it is a uniquely British affair. Its chairman John Kingman is not only a Rothschild veteran, but runs “UK Research and Innovation, which oversees UK Government science and innovation spending of over £7bn a year,” while remaining a Senior Advisor to Rothschild. A special inquiry was convened into a possible conflict of interest since Kingman further enjoys a high profile role with the British Treasury that some may consider sensitive.
London based HSBC with its €2.5 trillion under management has a separate board of directors for its French activities teeming with Rothschildians. Most notable is Casino’s Jean-Charles Naouri, who at the time of his board membership was also Associé Commanditaire with Rothschild, and was seconded on the board by a rep from Monoprix, a supermarket group he owns.
Publicly Naouri only reports his 1990s work with Rothschild & Co, but 2006 HSBC documents have him continuing with the bank well into 2006, while his son Gabriel was Rothschild’s employee representing the bank in New York. Jean-Charles’s brother, Jean-Yves Naouri was chief executive of Publicis Worldwide on which Rothschilds representatives also sat.
During Naouri’s board seat on French HSBC, Martin Bouygues joined him while also on the board of Accor Hotel group, then chaired by Serge Weinberg. Accor has a representative on GE’s board of directors in America and works closely with Edmond de Rothschild, and it is in one of its Sofitel hotels that the infamous DSK affair took place.
For more than a decade, The Royal Bank of Scotland had Lord Iain Vallance, a life-long collaborator of the British Rothschilds as its vice-chair. Rothschild was a regular advisor to RBS. When RBS reached an unsustainable peak of £2.5 trillion of AUM in 2008, and was hit hard by the financial crises that same year, the UK government bailed it out and tasked Rothschild with its breakup, a slow and ongoing collaboration.
France’s biggest banks are BNP (€ 2.5 trillion AUM), Crédit Agricole (€ 2.1 trillion AUM), Société Générale (€ 1.5 AUM) and Crédit Mutuel (€ 1 trillion AUM). BNP’s ties to Rothschild pass through the “Swiss” branch of the family, which played an outsized role appointing the current CEO of BNP, and enjoys a multi-faceted relationship with the BNP board as sketched in the article about Macron’s French election loan.
François Henrot used to work for BNP, but played a key role in creating a giant out of Crédit Mutuel, involving Bernard Attali in the process. Henrot’s employer at the time was André Lévy-Lang, himself responsible for BNP’s fusion with Parisbas. Lévy-Lang is current chairman of the board of directors of Rothschild & Comp.
Where France’s biggest asset managers are concerned, Rothschild doesn’t skip a beat.
Amundi has €1.4 trillion AUM (8th largest in the world) and aims to compete with BlackRock and the Anglo firms. The result of a merger of Crédit Agricole and Société Générale, the head of Amundi’s largest fund (€100 billion) hails from Edmond de Rothschild, and the head of its private debt from Rothschild & Co whose government relations office is in turn headed by a former Amundi employee.
Amundi’s executive committee includes veterans from Rothschild and Naouri’s Casino Group. Edmond de Rothschild has a small fund with Amundi. Amundi’s non-executive director since 2015 and chair of the strategic committee is Laurence Danon, an Edmond veteran, suggesting why Amundi’s CEO is a close friend of Jean-Hervé Lorenzini (director of Edmond de Rothschild) who he sees regularly on Saturdays.
France’s second biggest fund is Natixis. A product of Rothschild M&A advisory, its €800 billion is run from within the BPCE group, where Francois Peyrol, working on behalf of Rothschild created the fund. Natixis Wealth Management is the result of a merger of BPCE’s former 1818 banking brand with Rothschild (in 2010). Peyrol would later become Chairman of Natixis, before being replaced by Laurence Mignon (simultaneously at Lazard Frères) in 2018. The current CEO of Natixis is Francois Rahi, and was nurtured from within BPCE ranks by Peyrol. Rahi’s grandfather was a distinguished rabbi in Tunis (Tunisia), and he is observant.
AXA is considered the third most important company in the world of finance and the most annoying in the entire universe due to the obligatory spelling of its name in all-caps. 😩 Its subsidiary AXA Private Equity (also known as Ardian), is Europe’s largest private equity fund with €100 billion AUM. Together with staff from Edmond de Rothschild’s Siaci Saint Honore, Ardian staff were crucial in securing Macron’s campaign loan.
Ardian is run by Dominique Senequier, one of private equities rare female success stories. Known to be close to Serge Weinberg (via corporate boards and foundations) her boss Claude Bébéar is a close friend of David de Rothschild. Ardian and Edmond de Rothschild actively collaborate on various investments projects, of which Siaci Saint Honore is the most outstanding example.
Claude Bébéar owes at least a part of his success to Édouard Stern who backed Bébéar’s takeover of the Compagnie du Midi which was essential to creating the AXA juggernaut of today. In the 1980s, until its bankruptcy, Stern ran Banque Stern, a family outfit of bicentennial vintage 48% owned by the Rothschilds. Édouard bridged the world of the Rothschild’s and that second august French banking institution, so prominent in international M&A circles, Lazard Frères. The Sterns married into the Rothschild family in the early 19th century, helping to build the Rothschild family fortune itself, but Édouard was married to the daughter of Lazard’s Michel David-Weill, with whom he had three children who inherited Lazard family shares. Many figures from within Rothschild’s and Stern’s orbits were responsible for Bébéar’s stellar rise. Bébéar wouldn’t be Bébéar, and AXA wouldn’t be AXA without them.
The Paris Rothschild’s Wealth Management division is run out of Zurich, begging the question, what exactly makes a Rothschild French, or Swiss (not to mention American or British)? In banking terms Edmond de Rothschild and Rothschild & Co are somewhat differentiated. One hides wealth, the other is surprisingly competitive on the global Merger and Acquisition (M&A) scene.
In pecuniary terms Rothschild & Co are nearly always in the world’s Top 10 M&A advisory deals, but in the sheer number of deals they are the undisputed leaders world-wide. In three separate categories: global announced deals, cross boarder deals, and global private equity deals, Rothschild concludes more deals than all of its bigger competitors. The company cannot dominated US deals, nor ones in Latin America, but it has secured the UK, France, Italy, Eastern Europe, and Africa. It is competitive in Australia. Depending on the underling deals and the sector, like consumers, or construction it even leads in the value of deals, coveting opportunities like the possibility of a Commerzbank merging with Deutches Bank, so as to dominate Germany, and get a board seat in the new behemoth.
The size of the global M&A market helps put the “Parisian” houses’ success into perspective. Annually more than $2.4 trillion worth of companies merge with half of this taking place in the USA ($1.2 trillion) and another $500 billion in the EU (slightly more than Asia). This activity is nothing but the natural churning of business, of companies coming together and falling apart, of moving into new domains and leaving old ones behind. There is strategic aspect to partaking in M&A activity, since it inevitably leads to lifelong business connections, and the creation of bigger and more competitive enterprises implicating advisors in a life-long partnership. Memberships on a board is part of the toolkit. Binding institutions together is contrary to the common misperception of the superfluity of Boards and Directorships; representation creates flows involving political authorities, knowledgeable lawyers and service firms, generating investment intelligence and opportunities for participants.
Since Macron has taken power, the French firm saw its best year ever in the M&A field:
For 2018, we ranked 1st globally by number of completed transactions and 1st in Europe by number of both completed and announced transactions. During the year, we advised clients on approaching 400 completed M&A transactions with a total value of c.US$380 billion.
For restructuring assignments completed during the year, we ranked 3rd by number of transactions globally and 1st by number of transactions in Europe.
The picture is more mixed when details are consulted. The number of deals is smaller than in 2017, but the value of these deals has gone up. Acquisitions included Accor (where Weinberg used to rule), Atos (of Gemplus infamy), Kering (Francois Pinault), while the merger of Safran with Zodiac Aerospace was significant. Business grew only by a modest 3%, but revenue did rise by a whopping 23%.
Global Advisory enjoyed the best year ever with a record performance in M&A… Merchant Banking saw impressive 34% increase in Assets under Management.
The company has €64 billion (a decline from the previous year) AUM in its Wealth and Asset division and another €11 billion managed by Merchant Banking.
2019 hasn’t started as the best year for the company, with deal values down, but volume remaining robust. The bank knew 2019 would not be a good year. Its alliance with BlackRock is paying off in Australia, where it leads in total value of deals, but the year is slated to be one of the worst in history for global M&A, and Rothschild will be one of its bigger losers. The headwinds were expected, because 2018 was a peak for M&A activity, but the size of the slowdown is nasty (Deloitte’s high-fangled market analysts were caught off guard; JPMorgan, itself an M&A leader wasn’t. M&A is a good bellwether of the worlds’ economic performance, and is in recessionary grounds).
Rothschild & Co’s success in global M&A is a witness to the firm’s acuity and the astuteness and fastidiousness of Rothschild blood, a testament to its relentless multi-generational drive to remain central to Swiss, French, and British economic, political, and Jewish life. The family failed to establish itself in the New World, precipitating trans-continental cleavage between American and European capitalism, as argued in Europe vs. America by Erneste Mandel, although London belies an oversimplification in such a bipolar model.
More puzzling is Rothschild & Co participation in something unusual for the Anglo-Saxon financial world – Liquidy Contracts, a financial technique Rothschild is considered to have pioneered. These contracts exist with Veolia, Société Générale, Sanofi, among others, and constitute exclusive agreements for daily trades of a corporation’s stock so as to ease market volatility in share prices.
Questions have been raised about the legality of these contracts. Do they constitute insider trading, market manipulation? No one is quite sure, and they remain controversial. While small in terms of overall value, they indicate intimacy between nearly half of France’s biggest corporations, and Rothschild & Co.
The bank has a deal with Allianz’s Euler Hermes (insurance exposure is calculated as €890 billion!); €20,000,000 with Euronext, Europe’s premier stock market platform; €10 million with Air-Liquidy, world’s leading production of industrial gases; Engie, the world’s biggest electricity provider (annual sixty billion Euro revenue) is in for €50 million. €16 million go to Lafarge holdings the cement manufacturer notorious as a French military front in Syria.
€31 million with Accor group, formerly chaired by Serge Weinberg until Lazard forced him out (via Eurazeo). Imerys, where Patrick Kron got his start in the 1998 just after quitting the Rothschild linked Pechiney (today Rio Tinto Alcan, after several mergers facilitated by Rothschild)(Recently Kron has been reappointed to run Imerys on behalf of the Rothschilds). Contracts with Casino group are a given.
Besides yoghurts, Danone is France’s equivalent to Unilever or Nestlé. With annual revenues of €24 billion, Rothschild trades six million worth of its shares. Other contracts include Foncière-Lyonnaise, France’s oldest real estate company; NRJ group – a giant on the French radio and music scene; Elior -“No.4 in contract catering worldwide No.1 in healthcare cleaning in France”; Atos, FnacDarty, the list goes on. Each and everyone of these companies has been a regular benefactor of Rothschild advisory nurturing them into the national and global giants of today. Strangely, its annual report makes no mention of a single liquidity contract nor of Rothschild’s practice in the field.
The bank called Edmond de Rothschild is owned by Benjamin and Ariane Rothschild, and because it is headquartered in Geneva, the couple is known as the “Swiss” branch of the family. Their specialty is hiding wealth, and crooks running decrepit countries such as the Ukraine (Peter Poroshneko) hide and manage their stolen loot with the bank.
With offshore comes secrecy, influence, and tax avoidance, i.e. “wealth generation. ” Providing clients with the option of paying less in taxes gives them the chance to preserve and create more wealth; not something to be sneezed at. It is a considerably sought-after services, especially when laundered through the “Rothschild” brand.
Panama leaks, Luxembourg Leaks, Bahamas Leaks, Paradise Paper Leaks, what they all have in common is that they are databases of offshore banking activity in the possession of the International Consortium for Investigative Journalism (ICIJ) financed and controlled by George Soros’s Open Society foundation and by Pierre Omydiar.
Profiled in their connection to Macron and CrossCheck, Mintpress has thoroughly exposed Omydiar’s seize-and-control approach to “leaks”, most tellingly with the Snowden case. Hiring Snowden’s former NSA employer-contractor to join the Intercept Omydiar assured that nothing of substance contained in Snowden’s files ever became public, a method shared by the ICIJ which publicizes only what serves the geopolitical interests of Soros and Omydiar, i.e. Putin’s money, Trump’s links to Putin, etc.
Of all the countless mentions of Rothschild in the ICIJ databases, only two files are accessible, and they come from auditors, not ICIJ or their privatized leaks: €100 million hidden offshore here, another €8 million there. The rest remains inaccessible (viz here, or here).
The ICIJ’s lists of Rothschild mentions in its databases is not even vaguely complete, since it doesn’t correspond to the number of mentions in just a single leak (Panama). The ICIJ is not into investigative journalism per se, but a new-fangled edition of Amnesty International or Human Rights Watch, i.e. establishment NGOs. The ICIJ might even be described as “leak catchers,” a term corroborated by Mintpress’ expose of Omydiar’s general “philanthropic” proclivities.
The name Rothschild surfaces over and over in every single major financial leak identified by the ICIJ, even relating to Jeffrey Epstein material. From the Caribbean to the Pacific Islands, Edmond de Rothschild is to offshores what Rothschild & Co is to M&A.
Edmond de Rothschild is the tenth most often mentioned bank in Panama leaks, but this number is misleading. In number one place is the Banque International de Luxembourg, and what the ICIJ most likely deliberately obscured was that this Luxembourgeoise bank was run by a Rothschild during the entire period of its peak offshore activity.
François Pauly was the CEO of Banque Luxembourg until Panama Leaks splashed across the screens of the world, and he simply decided to become Chairman of the Edmond de Rothschild board instead. Previously he worked for Sol Oppenheim of Germany, a bank that Rothschild is poaching for staff as it constitutes a German branch of operations.
Pauly’s Luxembourg bank is now owned by Chinese investors, but during their glory days when its 2000 staff towered over the world of offshore, they were working for a man with both professional and personal ties to Edmond de Rothschild.
A Belgian bank – Dexia provided the working capital for Bank of Luxembourg . As the 2008 financial crisis hit, Dexia collapsed and was bailed out by Belgian and French taxpayers even though its books were not in order, and the bank was atrociously managed, tendering irrational loans to Paris’s Levallois Perret municipality run by the Jewish Balkany’s for the purpose of Jewish urban concentration.
In keeping with the times one can’t find any substantive investigation of Rothschilds or the bank of Luxembourg on the ICIJ website, which doesn’t explain the deafening silence from the international press. Jewish immunity from public scrutiny is a significant reason why the Rothschilds avoid pesky journalists better than the competition, and must constitute a major selling point to prospective clients (pace Riggs Bank in DC) assuring them better plea bargaining and more get out of jail card if the rubber meets the road.
Switzerland is the world capital of private wealth management. Goldman Sachs, BNP Private Wealth, in fact all of the world’s leading banks manage private wealth through the Alpine country, and inevitably, a lot of their staff collaborate with Edmond de Rothschild.
Luc Argant is both a member of the Edmond de Rothschild board, and was on the boards of both Marval and Intesa prior to their merger to become one of the “top five private banks of Europe,” nominally as part of Intesa Sanpaolo, Italy’s second largest bank with assets under management of nearly €800 billion.
Considering that even Rothschild & Co’s wealth management portfolio of €60 billion is controlled out of Zurich, it should not come as a surprise that one of its leading wealth managers, Benjamin Meier, previously worked for Safra’s and Coutts Swiss “private wealth” management outfits in the same city.
Both Safra and Coutts feature prominently in Panama Leaks , and their portfolio managers are experts in establishing and managing offshore accounts. Edmond de Rothschild’s head of “compliance” is Peggy Guggenheim, of the robber baron “Guggenheim” fame. She works in Geneva, and prior to Edmond she worked for BNP Wealth Management in the same city.
Edmond de Rothschild doesn’t even try to hide its passion for tax-dodging and offshore. It is now openly transferring business from Panama to Reno Nevada, claiming that America is the world’s largest offshore tax haven.
Edmond de Rothschild is owned entirely by the “Swiss” branch of the family, but its €130 billion AUM cannot belong only to the family. Nor should it be assumed that this sum accounts for all the money managed by the company either directly, via proxies, via relationships with other banks, be they institutional but not known to the public, or be they personal, via staff appointments in other banks or in the bank itself. What is clear, is that regardless of who owns the money, it is Rothschild who manages it, a bank which is solidly controlled by the family and no one else.
Edmond de Rothschild saw a turbulent 2018 reduce its overall AUM by 7%, although it’s revenue increased by 5% after some book-keeping shenanigans, as well as net interest income jumping up by 31%. Trading operations decreased by the same amount; it’s gross operating margin was down.
According to its latest annual report, until 2018 Rothschild & Co Holding AG (Zurich) was largely owned by the Parisian Rothschilds, and held a stake in Edmond’s bank, whereas Edmond held reciprocal stakes in the Parisian Branch, raising the question whether the Rothschilds hold further undisclosed stakes through discreet sub rosa agreements with third-party banks, such as Commerzbank of Frankfurt with whom Edmond has complex boardroom ties, and via The Integritas BV (Holland), part of Trident Group (€30 billion under management) that banks with Commerzbank?
Integritas Group in Malta is linked to Edmond de Rothschild, and its website merits exploration just to get a feel for the numerous names, and the proliferation of Offshore shell-companies in both Holland and Malta, which appear to cooperate with one another and other Edmond de Rothschild entities like Siaci Saint Honore.
A share-owner of the Zurich Rothschild firm is a company domiciled in Panama. Olivier Pécoux is co-owner of the company. Pécoux is important in EssilorLuxottica, a global leader in eye-wear, with a market cap of €57 billion. Pécoux was Macron’s early fund raiser. He owned Edmond de Rothschild bank shares through its previous arrangement with Rothschild & Co.
It was Bernard Esambert, a trusted lieutenant of Edmond Adolphe de Rothschild (father of Benjamin), who starting in the 1980s single-handedly began building Edmond de Rothschild into a niche player on the global offshore scene, and then proceeded to organize, together with David de Rothschild, a mutual investment vehicle for both the French and “Swiss” branches of the families known as Saint Honoré Matignon. Until 2018:
8.4% of the capital of Edmond de Rothschild held by Rothschild Holding AG (Rothschild & Co’s holding company in Switzerland), 9.5% of the capital of Rothschild Holding AG held by Edmond de Rothschild ; and 5.7% of the capital of Rothschild & Co held by Edmond de Rothschild (4.4 million of shares).
Apparently the co-ownership relationship between Edmond de Rothschild and Rothschild & Co was liquidated in 2018. What became of Saint Honoré Matignon is unknown. What is known is that Benjamin and Ariane live in Paris where Benjamin grew up. Ariane’s office is a stone’s throw from the Presidential Palace (the Élysée), 47 Rue du Faubourg Saint-Honoré, and within walking distance of David de Rothschild’s own offices. There may exist two separate Rothschild banks, but the families are decidedly Parisian, and French.
In 2003 the British Rothschilds began to merge their assets with the Parisian branch in what was known as Concordia Group. No details of the process are public, but Concordia eventually became Rothschild & Co so that until 2018 all three branches of the Rothschild family were bound to one another.
Surprisingly, the Swiss and Parisian banking houses are not uniquely Rothschild affairs. The Elkann-Agnelli clan of Fiat-Chrysler bought into the Parisian bank in 2012, as did Bolloré years ealier. The possibility that European dynasties hide their money as “Rothschild” money in the Parisian or Swiss houses, or via financial vehicles which appear as entities independent of the Rothschilds but are de facto arms-lenght offshore vehicles (Trident? Integritas) can’t be ruled out.
Any wealthy family can lower its tax burden through off-the-books personal relationships provided their counter-parties have a track-record of reliability. The Rothschilds’ modus operandi suggests the possibility of precisely such services, but the likelihood of avoiding the litigious proclivities of certain billionaires makes it improbable.
The Rothschilds wouldn’t be the Rothschilds if they weren’t involved in philanthropy. What to others is mere charity, is legacy and control with this family. The Rothschilds leadership of the global Jewish community will be explored elsewhere. Here it is Edmond de Rothschild’s foundations that are of most interest, because their influence in the last 30 years in the sciences, arts, and world of NGOs is impressive without being preponderant, and because the British branch’s philanthropic activity is summed up in a few pages.
The principal foundation which carries Edmond’s name, the Edmond de Rothschild Foundation doesn’t in fact, seem to be his principal foundation. Run by a Muslim, Firoz Ladak, its webpage suggests virtually no links to the Rothschilds nor the Jewish community but instead a preoccupation with exerting influence in the Islamic world through Jewish-Islamic dialogue. (One wonders if previous to Ladak, this foundation was run by a gentile who reached out to Catholics or Protestants of Europe or America? To the majority of Whites who are non-Jewish, looking to influence Jewish-Gentile relations in some favorable ways? Or was it run by a homosexual responsible for LGTB outreach?)
Working for Ladak are Muslim women’s rights activists, and while Ladak claims to play a central role in all Rothschild philanthropy, this is typical Rothschild spin because a simple look at all the foundations listed under his supposed control suggests that where Benjamin and Ariane Rothschild are concerned, the Edmond de Rothschild Foundation is more likely the least important of their infinite tzadakah, the sheer size of their Israeli and New York foundations being a case in point.
The Edmond de Rothschild Israel foundation, is big, and ten times the size of what Ladak runs. It claims that it “works to create an inclusive and collaborative Israeli society, by promoting excellence, diversity and leadership through higher education.” Not a single-non Jew is found on its board. The Yad Nadiv foundation for Israel, is equally prolific and impressive. Its profile overshadow all others. Not one gentile on its board of directors. It claims to have been involved in the building of the Israeli Knesset and Supreme Court. Edmond de Rothschild’s foundation for the defense of Jewish children is also a purely Jewish affair.
The exception to this exclusively Jewish focus is the Institute for Biological Chemical Research, where Firoz Ladak is treasurer. Inaugurated in 1930, a leader of French science research – including in the field of nuclear – the IBCR played a part in the Rothschild’s transfer of French know-how to the newly created state of Israel after 1948. The board of this elite research institutions in the heart of Paris’s Latin Quarter, includes reps from the Ministry of the Interior, CNRS, Inserm, and isn’t specifically Jewish, because it is nationally focused.
The Rothschild’s are omnipresent at Paris Sorbonne University (32 Noble Prizes) through Alain Fuchs as president of France’s largest University network and also Francis-André Wollman and André Lévy-Lang both clients of Benjamin’s and Ariane’s patronage.
No “philanthropy” is as central to the Rothschild’s as the The Ceasarea Edmond Benjamin de Rothschild Corporation, whose name recalls a man who may rightfully be considered one of the founding fathers of the state of Israel.
Baron Edmond James de Rothschild is literally known as the Avi ha-Yishuv “Father of the Settlement”- settlement referring to both Jewish settlement of the land of Israel, and nearly five hundred square kilometers of Palestinian land purchased by Edmond James from the Ottoman sultanate in the 19th century serving as a toehold for Zionist pioneers from which they created the state of Israel. This the same Edmond James who founded the IBCR in Paris.
The city of Caesarea is a municipality of 30 sq.km. entirely controlled from Paris by Benjamin de Rothschild via the Edmond de Rothschild Foundation. Benjamin’s father (and son of Edmond James), Edmond Adolph founded Caesarea’s hi-tech park, a leader on Israel’s hi-tech scene, and was also a patron of Israel’s universities, where his eponymous Foundation boasts a department at IDC Herzylia to study complex financial issues of some import for Israel’s capital markets.
In the 1950s Edmond Adolph’s activity coincided with that of Victor Rothschild (English cousin) who was facilitating tech transfer from England and even Bletchley Park (via sister Miriam) to the fledgling state of Israel as Edmond Adolph was obtaining valuable scientific information from his IBCR.
Edmond Adolph would also develop Caesarea into Israel’s most important Roman archaeological site, and generously financed Israel’s best golf course whose private club boasts of visits from Frank Sinatra, and Kirk Douglas but makes no intimation of current members.
Caesarea is considered Israel’s most exclusive real estate market where Diaspora billionaires invest into seaside villas. From Benjamin Netanyahu, Arkady Gaydamak, and Zabludowicz, to Australia’s Packers and the Rothschild family itself, Caesarea physically borders Netanya, the second most popular real estate spot of Diaspora billionaires, especially the Russian Mafya variety.
Caesarea has the Ralli museum, founded and controlled by the Recanati family, one of the most powerful and richest families in Israel and the world, with centuries of social prestige in the Levant. One American who married into the Recanati clan is Thomas Kaplan, closely tied to Abu Dhabi’s prince Zayad (himself close to Jarred Kushner-Trump), to the world leader of the Muslim Ismailis, and Saudi Arabia’s Khashogghis. He is a prominent funder of United Against Iran lobby group.
The Recanati’s are leaders of cyber-security, hi-tech, and patrons of Harvard’s program for intelligence officers. Together with Russian Oligarchs, Israel’s president, its Foreign Ministry, and Lord Jacob Rothschild, members of the Recanati family are helping to organize a common vision for Jews worldwide, via the “Our Common Destiny” initiative whose inaugural meeting was sensitively chosen to be held on the anniversary of 9/11.
As a result of Edmond James’, and Edmond Adolph’s role in Israeli history, the near-by family memorial complex in Ramat Hanadiv is massive, and a site of pilgrimage. Located four km from Caesarea, its landscaped gardens are held in high-esteem by foreign and native visitors. The control of Caesarea by the Rothschilds suggests uncanny family influence in international politics through the social ties Caesarea affords, and goes a long way in explaining Rothschild prominence in French, European, and the world Jewish community.
The Caesarea Rothschild Foundation eagerly boasts of its historic importance but remains silent about its finances and its leadership. Even Israeli bureaucrats are skeptical of its accounting, and critical of its risky investment strategy. Complaints about its tax free status are regular fare in Tel Aviv and Jerusalem.
Not all Rothschild Foundations are relevant to a general portrait of the family’s philanthropic activity. The Rothschilds importance to the World Jewish Congress, the French Holocaust Museum, and the Brain and Spine institute are described in greater detail elsewhere. [*links]
Up until 2004 the Rothschild’s helped manage the world’s money market, by hosting the London gold cartel, but the overall figures for Rothschild business and banks, and the family’s personal wealth appear insignificant from the perspective of either Forbes or Fortune rankings.
The British end is the hardest to estimate since its assets began merging with the Parisian branch starting in 2003. The British Rothschilds boast ownership of IHS one of the world’s largest operators of cell phone towers, perhaps valued at £10 billion – with 24 thousand towers. The actual value of the world’s third largest cell phone network may be higher. Only a future sale will tell. As a comparison, American Tower counts 100k towers, and is worth $30 billion. Complicating affairs are family ties to Saint James Place, co-founded by a Rothschild and in which family assets were initially heavily invested. Today Saint James has nearly £100 billion of AUM. Another financial company is Charterhouse Capital Partners one of London’s most prestigious leverage buyout firms. It’s AUM is not known, nor if any Rothschild involvement continues since the days of its foundation by members of the family. Charterhouse has recently become the majority owner of Edmond de Rothschild’s (bank) Siaci Saint Honoré.
At an individual level, Jacob de Rothschild is estimated to be worth more than one billion pounds. Nathaniel Rothschild nearly two billion, but there are credible rumors that the true number is closer to € 40 billion although this likely implies the value of all the English branch assets that Nathaniel will inherit. On paper Nathaniel is worth anywhere from £1.5 billion to £100 million pounds. No Rothschild features on what is publicly available of the Sunday Times Rich List.
In France, the annual Challenge’s ranking is a corrective to the British situation. Benjamin de Rothschild (of Edmond group) and his family are estimated to be worth €5 billion. Philippe de Seyres de Rothschild, just one billion Euros. Another French Rothschild (unidentified) is listed as having one billion. Is it Eric or David? Eric is disclosed as having a fortune of only €600 million on another French rich list, while David has a trifling €300 million, giving a conservative estimate of the net worth of the Rothschild family’s European branches of ten billion Euros. Assets controlled by the family are not considered in this calculation. Take the value of countless European palaces and international luxury properties. In France Benjamin and Ariane own Cogifrance, which owns 2 million square meters of commercial space in France.
It is worth taking a gander at Cogifrance’s annual report, pages 14 and 16 document a sprawling web of shell-companies tied Edmond de Rothschild of Switzerland (link to pdf). The complexity of these entities of which the Rothschilds and their staff are heads is impressive. As is a habit of the family, employees are often agents, and lead influential public and private lives.
Marc Samuel, a former CEO of Edmond de Rothschild bank, presides over Cogifrance, while being chairman of at least six different oil firms. He sits on the board of EDF, which along with Veolia, is one of two of France’s biggest electricity providers. Samuel sits on the board of Engie, with €70 billion in revenue annually. He’s also on the United Arab Emirates innovation investment fund advisory council, alongside France’s national investment fund (bpifrance). Samuel is CFO of Iskandia, buying up oil wells in Texas claiming to revitalize them and transform them into clean-tech.
Pierre Sasson runs Cogifrance, sits on board of the IBCR and is treasurer of La Fondation Ophtalmologique Adolphe de Rothschild discussed in more detail in the section on France’s Jewish community.
Vincent Taupin is another familiar face at Cogifrance, from the oversight committee of Siaci Saint-Honoré, of Macron election campaign loan fame. Member of the Franco-Israeli chamber of commerce, former head of Crédit du Nord, helping create Boursorama, France’s biggest online bank. Taupin runs Cleveland, a very curious outfit managing the Parisian and French properties of all of the world’s leading investors and funds. Cogifrance provides profit figures, but Cleaveland, managing chateaux, castles, parks, entire city blocks of Paris on behalf of KKR, Blackstone, BlackRock, Goldman, etc. provides no figures.
Estimating Rothschild wealth is tricky. The family sits on top of a stake-based patronage system, and moves capital through proxies. Their wealth is not ownership, but capital which they can organize, mobilize, and influence that is owned by others.
Bill Gates, Slim Helu, and Bernard Arnault may be worth €100 billion on paper, but they aren’t as nimble as a George Soros on the stock-floor. Liquidity can be more important than size, and influence has never been proportional to the nominal value of a fortune. Nathaniel Rothschild is credited with the Xstrata-Glencore merger, the world’s largest independent trader of primary goods. His stake in Glencore was rumored to be worth circa €100 million prior to the merger, but the new corporate giant enjoys revenue of €200 billion annually. Nathaniel’s influence cannot be quantified in money alone; his complex international dealings transcend a small fortune. Nathaniel is a friend of Deripaska and known as an early investor in Rusal, the world’s largest producer of aluminum. Nathaniel’s courting of Russian oligarchs is as legendary as his Montenegrin passport.
The French Rothschild’s have a stake in Rio Tinto Alcan via Pechiney and only the biggest of insiders could know the full extent of Rothschilds’ stake in the global metal sector. Insiders, no doubt, on the family’s payroll, like Patrick Kron, who worked for Pechiney and is chairman of Greece’s largest manufacturer of aluminum plates. The extend of Rothschild’s web of patronage isn’t known to run-of-the-mill financial analysts in Goldman Sachs or Morgan Stanley, and the heads of German and Chinese intelligence aren’t much better off. The same cannot be said for Israeli, American, French, British, and Russian intelligence.
The Rothschild cultivation of proxies is historic, but not public knowledge. The tradition of using cut-outs is embedded in family DNA. Even in places where no direct links to Rothschild exist, influence is to be found via alumni, and entire fortunes built on Rothschild largesse facilitate the family’s ambitions. Public documents are useless where the personal is preferred. As David de Rothschild stated in Olivier Marleix’s parliamentary inquest into the sale of Alstom, when he contacts ministers or their secretaries for information or opinion, he isn’t engaging in “lobbying” but in personal exchanges with former colleagues.
Bank of America Merrill Lynch is the biggest manager of private wealth in the world with €1.3 AUM. It has no notable links with the Rothschilds, but Bernard Attali, and two prominent players in the sale of Alstom to GE – David Azéma and Laurence Boon were employees, while Macron financier Bernard Mourad heads its investment banking division for France. Mourad’s offices are a few steps from David Rothschilds. Azéma’s relative sits on a Rothschild foundation. Attali is a personal friend, and Bernard Attali’s links to the bank go back decades.
Mourad’s former employer, Morgan Stanley, the number two of private wealth management (€1 trillion), enjoys some cross-over with Rothschild, and its Parisian head – Emmanuel Goldstein – is a philanthropic collaborator with Grégoire Chertok, Rothschild’s senior executive and Macron’s former mentor at the bank, as well as Rothschild point man in the sale of Alstom to General Electric. Chertok is David de Rothschild’s condottieri, and he’s appointed Goldstein – the éminence grise of homosexual Paris, to his personal (Rothschild funded) Fondapol foundation as director.
On the surface, there are no ties between Bank of America and Rothschild, but scratch the surface and ties to either Rothschild proxies, or networks in which the Rothschild’s can exercise influence, emerge. No wonder Bank of America played a part in the sale of Alstom. Just as there are no immediate links between Rothschild and Morgan Stanley, Bernard Mourad brought nearly €200 million revenue to Morgan Stanley on behalf of Draghi’s Altis Group, suggesting that here too Rothschild was well informed of the technicalities of the creation of Israel’s most prominent English language international outlet Israel24, and the emergence of BFMTV which has come out of nowhere to dominate the French television market.
Chertok’s colleague at Rothschild is André Levy-Lang, and the French press consider him the most intelligence banker in France. Lang sits on Sanofi and Casino boards (Weinberg and Naouri), together with David de Rothschild, and exposes a stunning link between Naouri, the English Rothschilds, and the world of New York’s biggest private equity players.
The Monument Capital Group is a secret Washington DC outfit with direct ties to the Carlyle Group. James Rothschild is Monument’s vice president. The company’s website is blank. Joel Ornstein is a co-founder of Monument. Ornstein’s Romulus Capital Group owns a good chunk of Naouri’s Casino via a holding company, while he is a partner or executive with some the world’s most prestigious funds like Apollo Fund I (as part of what is the Apollo Group, a private equity fund with $250 billion under management.) Identified as a “pioneer of alternative assets investing,” straight out of the playbook for Brookfield, the world’s largest alternative asset investment vehicle. Ornstein is a consummate trans-Atlantic insider, avoids any publicity, but his shares in Naouri’s Casino pin him as a Rothschild cut-out. A conduit of the family into the highest levels of North American economic power and a bridge between the business elites of the New and Old Worlds.
If the Rothschilds manage to keep an uncannily low profile they can thank the talent of the New World. Stanley Komaroff is himself a link between Bolloré (reviewed elsewhere) and Rothschild interests. A high-flying lawyer for Proskauer and Rose, Komaroff is a former director of the Edmond de Rothschild Foundation and the now defunct Rothschild’s anti-drug foundation. Living in New York-
For a number of years Stanley represented several French multinational companies such as Alcatel, Bolloré, Club Méditerranée, Eramet, Hutchinson, Bull, La Compagnie Financière Edmond de Rothschild, Rhodia, Sanofi-Synthelabo and TotalFinaElf. More recently he represented a number of Israeli corporations, including Check Point Technologies, Clal Electronics, Nova Measuring Instruments, Opal, Scitex, Super-Sol and Tadiran.
Komaroff managed to play a role with French Alcatel when it was gobbled up by America’s Lucent and subject to abusive Department of Justice surveillance facilitated by French-Jewish lawyer Laurent Cohen-Tanugi.
Incidentally, Proskauer and Rose is specialized in working with celebrities and sports, ideal for catering to the needs of a family whose brand value requires discretion and the keeping up of appearances for the Rothschild are not bankers in the modern sense of the word. The family’s currency isn’t money, but influence, relevance, and power, and image is their cynosure. Rothschild success is grounded in prestige which seduces generation after generation of the most ambitious and talented like bees to honey. A brief stint in the bank, and alumni are placed with mid and high level positions throughout prestigious businesses. Information converges in Rothschild HQ, and informs all of the family’s political and market decisions. A virtuous feedback loop perfected in the early 19th century, when all the forms of corruption and vice plaguing the modern world were invented in the boudoirs of Paris and London.
Ambitious companies and up-and-coming politicians court the Rothschilds, and long-term relationships develop. Liquidity and strategic discretion are part of the deal. The connections are solid, reliable, and lawyers like Stanley Komaroff assure that everything stays off the radar.
The family’s “business model” is not replicable. It is an insider-outsider blurring all boundaries. Does Rothschild trade on insider information? “Insider” trading applies to trading, not to the extension of equity, loans, credit, nor over-the-counter credit transactions, and the Rothschild’s don’t show signs of “illicit” enrichment, even if the books of a family which openly advertises its offshore services remain “incomplete” at best. The family doesn’t break the law, it outmaneuvers it.
The Rothschild’s do not need volumes of personal capital when they can influence capital flows using personal ties at far bigger banks. Once Rothschild makes a good hire it builds long-term links via personnel who retain rights to various investment vehicles exclusive to current and former Rothschild employees. Two to four years with the bank, and for the rest of their life an alumnus receives a steady stream of dividends (modest, but steady) from a Rothschild retirement fund. As Plowright observes in his book about Macron
“Had his links with Holland from 2010 also turbocharged his career at the bank? Given Rothschild’s manner of operating, quite possibly.”
It is a judgment against the naiveté of Rothschild’s competitors, the ignorance of historians, and the self-conceit of journalists, that this brilliant “banking” model isn’t given the full credit it deserves. There is nothing wrong with discretion, discipline, hard-work, and loyalty. It is a model of efficiency – economic, political, and social. The ambition which drives Rothschild is realistic, wide-eyed, enthusiastic. May it thrive and prosper. The family banks exist in a world of fierce competition that will only get fiercer. Does the success of Macron, which rests on business elites of the Davos sort, French Jewish organizations without which the Yellow Jackets could not have been smashed, bode well for the bank?
Macron’s fiercest supporters are upper-middle class retirees with critical faculties jaded by age. Does Rothschild imagine that its future, and that of the country it calls home, is best served by this over-ambitious reincarnation of the sexually troubled JFK suffering from psychological infantilism reflected in the identity preoccupations of his bureaucratic henchmen, infusing mediocrity and chaos into whatever they touch:
“Macron can’t stand if someone is smarter than him, in the end he prefers mediocrity. His objective is control.”
Macron’s mediocrity is blatant in the way he performs his roles, rather than carries them out. He can be prepped, he can play the part, but rests superficial, devoid of content. His mediocrity is the mediocrity of all modern philosophy and “thinkers” who kowtowed by political correctness no longer provide insight into the human condition. Macron is a philosopher and poet of the 21st century. Incapable of rhyme, no images to conjure, a polite version of Bukowski and drab blank verse. His philosophy is that of Jacques Attali, ten thousand pages of somniferous droning written by a self-obsessed self lost in the labyrinths of Freudian storytelling. It is the yuppie confounding a subscription to the New York Times, Vice, BuzzFeed or Le Monde, Inrocks, or Libération with erudition. Confusing a drab tome by Michelle Obama, a first lady that was neither lady nor first – with a biography; watching Tony Kushners and confusing it with theater.
Content. Macron has none. Even his “love” for literature is nothing but a rejection of the talents of others. There is a reason Macron’s candidacy relied on the most anxious and opportunistic Jewish and LGTB types to clinch victory. These types suffer from the same Attali-syndrome of cognitive competitiveness devoid of genuine interest let alone a passion for ideas, thought, and reflection.
Does Rothschild suffer from the same problem? Does it conflate financial acumen with preening in the cocktail lounge? Did David de Rothschild, Benjamin and Ariane Rothschild mistake power with intelligence, and make a strategically disastrous decision, by hitching a ride on the Macron train? If the blow-back ever hits the public offices at 23 Avenue de Messine, will friends continue to visit the Rothschilds in their private abode bestriding the Seine, or will the family as well, like everyone who touches the Macron brand, abandon ship rather than sink?
The Rothschilds know how to promote, to knit ties of patronage and promotion. Macron’s team is all about rewards, lagniappes, and carrots, and the result is a government riddled with incompetence, pork-barreling, and horse trading. Banking is about ROI (return on investment) but when politics goes down this route it is no longer politics, but a fire sale. Rothschild patronage dolls out government jobs, industrial appointments, and banking careers, generating tremendous decision making intelligence, but governments must consider political affiliation, mandates, legislation, and other governments. There is only so much that the world of business and the world of politics can overlap. The Rothschilds give France an edge. Without them and Lazard Frères, France plays no role in global M&A activity, has no pipeline to off-shores. The Rothschilds function as a kind of intelligence service. Economic intelligence. They provide information to France, to its government, economic gossip that can only be given from the very top of both banks, culled from their web of informants.
France’s biggest funds, AXA and Amundi, are not innovative, and dominate nothing. The Rothschilds remain European based, they are not running the world out of New York, Toronto, or even London (whose status as a “European” city doesn’t apply to its financial services industry, which is unusually global by international norms, and tightly integrated with New York funds, investors, and money markets).
The Rothschilds remain continental Europeans, with one foot in Britain, and provide the European establishment with a sense of relevance in what would otherwise be a financial world monopolized by New York. The Rothschilds could have abandoned the decrepit old world decades ago, if not for European wide need for their skills, so why did they betray Alstom while simultaneously building France’s premiere, and Europe’s biggest computer company – Atos. How long before Atos is sold off too? By what means can the state or the company, dependent on Rothschild advice and connections, continue to be “patriotic” when Rothschild has to go with the times and sell its services to the highest bidder? What kind of rules or relationship can guide a future commitment to “national champions” for a bank who could have been considerably more wealthy in a free market economy like the USA?
Traditions such as the Rothschilds are not replicable, and can’t be generalized. They are unique, in that there is a unique know-how. Even executives at Goldman, or central bankers, don’t grasp how the Rothschilds function and work. Their knowledge is their tradition. Just as Victor Rothschild could play between Soviet, Israeli, and British intelligence during WWII (while financing the Cambridge Four, he never formally became a Soviet Fellow-traveler, and collaborated with British Fascist Oswald Mosley), and maintain his total independence, so too the family needs to be understood as an institution, and overall markets while often being abstract entities, do contain embedded knowledge the likes of which is tethered to specific market actors, be they banks, institutions, and families, that can’t be replaced or imitated.
The Rothschilds are an Anti-Semites wet dream, and the family’s place in the Jewish world, as leaders of French, Swiss, and British communities with influence in Israel, as well as their present leadership of the World Jewish Congress bespeaks a legacy of using Jewishness and patronage of Jewish life as a political and legal foil against scrutiny of their activities.
As with the rest of the Jewish community the Rothschilds use their Jewishness to intimidate journalists into disinterest, and the Holocaust to prevent any appeal for transparency. It’s the bread and butter of a people for whom a tefillin is a recipient to smuggle diamonds, payot a mask to obscure the evil of global organ traffickers, kippot to absolve drug dealers (ecstasy and marijuana), and for whom historical tragedy is one big ticket out of any moral responsibility for collective activity. Everyone who is anyone uses Jewishness for political purposes, and statesmen flock to this media-unfriendly brand. Putin does it. Trump does it. Clinton did it. All forms of power call upon Jewish networks as a subaltern currency in international relations. The required pimping of Jewish communities simply because journalists dare not pry their noses into the mechanics of the human trade bother few. French mainstream media regularly compiles lists of lobbying networks. Talk of Free-Masonry’s influence is a dime a dozen. Omni-missing from these demonstrative exposes is the mention of Jewish lobbies, Jewish influence, Jewish networks. Even LGTB power gets a mention, but Jewish power is unmentionable; to touch upon the subject is to reincarnate the Reichssicherheitshauptamt. A 1940s Waschneck-like obsession with Die Rothschilds may be anti-Semitic, but the family who bought Macron a presidency is also responsible for Europe’s greatest nightmare. Rothschild accumulation of power in the 19th century propelled it to the heights of Europe’s political peaks. Both in the colonies and in the mother countries the family held sway, with any criticism skillfully fobbed off as “Anti-Semitism” making the term meaningless slander eviscerated of relevance. Jewish elites require dissimulation to succeed in gentile societies and average Jews aren’t allowed to know anything of the workings of families like the Rothschilds. Anti-Semitism is not only a way to slander gentile competitors, but a tool to keep Jewish masses ignorant. The Holocaust didn’t happen because Jews failed, or because the Rothschilds were impotent. It happened because of the means of Jewish success, and the power of the Rothschilds over both gentile and Jewish masses.
Serge Weinberg, Alain Minc, Jacques Attali, and Bernard Mourad are flatterers and imitators of the Rothschilds, and the family maintains centuries of Jew-centered traditions in encouraging Jewish uplift by using men such as these as its occasional agents. It tasks them with chores, it finances their projects, it appoints them to boards, and it asks them for favors. The lickspittles eagerly oblige, thinking that Rothschild karma erases their Czarist Russian stench of shtetl herring and vodka. Millionaires in their own right, fancying themselves captains of industry, these deluded Hofjudes vying for the title of Appointer-in-Chief (of Macron to Rothschild) appear unaware that the family for which they are prepared to give their heartless hearts and soulless souls doesn’t even qualify as Jewish anymore.
Benjamin de Rothschild couldn’t get a decent burial in his own Caesarea. His mother was a gentile and her conversion is not on the public record. Whether it took place with an Orthodox or a rabbi of the Neologue heresy, does matter. Ariane de Rothschild didn’t even bother with conversion, and wants her children to choose their “religion,” seemingly unaware of the Ha-Rabanut Ha-Rashit Li-Yisra’el. Ariane assures the Diaspora of her loyalty to Israel, but is indebted to her husband’s foundations for credibility. The “French” branch has similar issues to the “Swiss.” David de Rothschild’s mother was a distant cousin of her father, but his own wife is an Italian gentile of Papal stock, and a practicing Catholic. The kids cannot be Jewish.
In England, matters are much the same. Lord Jacob Rothschild’s wife is gentile, and the most prominent Rothschild in the English speaking world is gentile born Lynn Forester de Rothschild, wife of Evelyn de Rothschild. Children from Evelyn’s previous marriage (Schott) are Jewish, but the more recent batch with Lynn, is not. For centuries, the Rothschild’s stood apart from the pantheon of Jewish uber-wealth as adamant adherents of the faith of Abraham, Isaac, and Jacob. The family trend to intermarry is recent, and marks the demise of Jewishness in the family, or inversely, represents the improbable rise of non-normative Judaism to prominence throughout the world. It seems that only new wealth, such as the Kushner’s, demands that the likes of Ivanka Trump convert in the most diligent manner where Chelsey Clinton haughtily snubbed the possibility. Future generations of Rothschilds will not lead the World Jewish Congress, or own land in Israel if Jewishness is left to being a mere choice. Macron is the only hope.
200 years of experience with fueling anti-Semitism can’t be allowed to go to waste. The emerging backlash against the French president, skillfully channeled into “anti-Semitism” will propel the undecided offspring of Ariane, David, and Lynn into the paternal arms of Benjamin Netanyahu and the maternal embrace of Keren Hayesod.
Macron is the last line of defense against the full dissolution of the Rothschild clan into the nondescript world of the European melting pot, credit for which the Weinbergs, Mincs, and Mourads, and Attalis, are unlikely to seek.