Monday, December 21, 2015

Common Sense Points / and A Quote from ``The Tycoons''

From Chapter 9 of  ``The Tycoons,'' by Charles R. Morris. Page 271; the first paragraph and the second paragraph onto page 272 . `` Natty Rothschild, the head of the family's London branch, and grandson of old Nathan, the London House's founder, was close to Cecil Rhodes, and was the primary financier of Rhodes's DeBeeers Diamond Co. True to the family tradition, he abhorred Rhodes's provocative military free-lancing against the Boers and local tribes, and devoted much of his energies through the 1890's trying to avert a South African war. When the Boer War finally broke out in 1899, however, he fully expected his government to honor the second leg of family tradition and place its war financing through the Rothschild bank. He was therefore less than pleased to discover that the Exchequer planned to grant half the financing mandate to an American syndicate led by Morgan. Recriminations by Rothschild and other City leaders forced the government to restrict the Morgan bank to a very minor role during the first tranche of fund-raising. But as drawn-out war pressured British gold reserves, the Exchequer had no choice but to give Morgan an equal role. Perhaps out of pique at the government's dithering on the first round of financing, Morgan insisted on, and got, a commission twice as high as the British consortium's. It had been more than a century since Great Britain had to borrow from a foreign power to finance a war within its own empire. The historian of Rothschild family, Niall Ferguson, writes, ``It was an easy sign of that shift in the centre of financial gravity across the Atlantic that would be such a decisive -- and for the Rothschild fateful--feature of the new century.''

     ``The raw numbers tell the story: well before the end of the nineteenth century a tidal surge of American growth carried it soaring past the older industrial powers. in 1800, the output of American factories and mines was only a sixth that of Great Britain; by 1860, it was a third, and by 1880, two-thirds. America pulled ahead of Great Britain sometime in the 1880's; by 1900, its industrial output was a quarter larger, and by the eve of the World War, 2.3 times larger. In 1860, Great Britain accounted for about 20 percent of world industrial output, and the United States only 7 percent; by 1913, the American share was 32 percent, while Great Britain's had slid to 14 percent.''

Common Sense Points

The main point missing in the above statement from The Tycoons'' is the fact that they have totally missed the existence of slavery of Black and Brown People [Africans] by White Europeans as a basis for world European power and European influence. Black and Brown Africans get left out of this book, at least in this section I looked at, as if they had made no contribution to the world's economy. In fact, slavery is the basis for much of what the Europeans like to think of as ``their progress.''  This is why I, after reading a book by Suze Orman called ``The Money Class'' I insisted to my Loving and highly intelligent sister that when Suze Orman talks about ``standing in your truth'' as she talks about money, for none of us is such a statement correct because she is not standing in any truth at all because How money was generated -- off the backs of slaves-- is calibrated correctly, accurately or fairly.  This is part of the Big Lie that is the underpinning of our Nation -- The United States of America, soon to be the United States of Native America in 2016!! 

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