“The Battle of Waterloo. The deaths of six US presidents. The rise of Adolf Hitler. The deflation of the Japanese bubble economy, the 1997-98 Asian financial crisis and even environmental destruction in the developing world.
In a new Chinese best-seller, Currency Wars , these disparate events spanning two centuries have a single root cause: the control of moneyissuance through history by the Rothschild banking dynasty.
Even today, claims author Song Hongbing, the US Federal Reserve remains a puppet of private banks, which also ultimately owe their allegiance to the ubiquitous Rothschilds.
Such an over-arching conspiracy theory might matter as little as the many fetid tracts that can still be found in the west about the “gnomes of Zurich” and Wall Street’s manipulation of global finance.
But in China, which is in the midst of a lengthy debate about opening itsfinancial system under US pressure, the book has become a surprise hit andis being read at senior levels of government and business.

“Some senior heads of companies have been asking me if this is all true,”says Ha Jiming, the chief economist of China International Capital Corp, thelargest local investment bank.
The book also gives ammunition, however hay-wire, to many in China who argue that Beijing should resist pressure from the US and other countries to allow its currency, the renminbi, to appreciate….”

More by Richard McGregor at the Financial Times.

Comment:

Here we enter the world of conspiracy theory….but here’s a thought. Just because you’re paranoid doesn’t mean someone isn’t out to get you…