We have been portending turbulent times ahead for our subscribers for some time now, and we have, over the years, been in increasingly good company. In 2009 when I started writing, I was called crazy. Now my views have been adopted by mainstream personalities, even stewards of the world’s fortunes agree with our outlook.
Lord Jacob Rothschild, 78 year-old banker and chairman of RIT Capital Partners, sent a startling warning to savers in the £2.3bn trust regarding the global situation and “the fragility of future returns.”
The pointed warnings came in his chairman’s statement from the trust’s 2014 annual report. In it he wrote that on top of a “difficult economic background” investors are at the risk of “a geopolitical situation perhaps as dangerous as any we have faced since World War II.”
Rothschild pointed the blame for this on “chaos and extremism in the Middle East Russian aggression and expansion, and a weakened Europe threatened by horrendous unemployment, in no small measure caused by a failure to tackle structural reforms in many of the countries which form part of the European Union.” According to The Telegraph, his statement last year was far less Marc Faber than this year’s.
Lord Rothschild listed the major dangers as the slowing to China’s growth and a possible over-valuation of shares.
The “preservation of shareholders’ capital remains our highest priority, taking precedence over tactical manoeuvres based on short term returns,” Lord Rothschild stressed.
Luke Rudowski’s We Are Change once interviewed Lord Rothschild in an impromptu interview. He actually was able to persuade the unexpecting Rothschild to humor a few questions. You can see that interview below:
While we agree with Lord Rothschild’s general economic outlook, we disagree with the major dangers he highlights. Far more important than “extremism in the Middle East, Russian aggression and expansion, and a weakened Europe threatened by horrendous unemployment,” are the disastrous US-led wars as well as hyper-inflation and volatility in the US Dollar.
In short, the end of the US Empire represents a greater potential to wipe out savings than those things Rothschild states. Russian aggression and expansion? He must be joking. All one must do is compare US aggression to Russia’s to know that the claim is insincere or foolish.
That said, in the January Issue we stated that all out world war and chaos has never been closer in my lifetime and we expect dire times ahead… the only difference being that we believe most of the problems to be caused by the Rothschild central banksters and those that control the US government. Having a Rothschild say he also believes massive war and chaos to reign is more akin to predictive programming and a way to shift the blame from his cohorts.
Are you into beautiful Costa Rica?
All interesting things you want to know about Costa Rica are right here in our newsletter! Enter your email and press "subscribe" button.