The Banking Revolutions

Bankers. Nazis. Bolsheviks. Zionists. A Critical History of Investment Banking

De: Alberto Leon Cebrian

Narrado por: Virtual Voice

At the beginning of the 19th century some of the most outstanding families in the world of finance emerged from the ghettos of Frankfurt. Germanic families such as the Rothschilds, Goldmans, Sachs, Guggenheims, Loebs, Lazards, Oppenheims and Warburgs started a diaspora across Europe, founding the first international banking firms, many of them remain active today. Upon their arrival in the United States, the old princes rivaled new Protestant magnates such as J.P. Morgan and the Rockefellers.

International financiers learned it was better to cooperate to achieve common goals, as in 1913, when Congress approved the creation of the Federal Reserve. Several decades later it was learned that the law that gave birth to the third central bank of the United States was secretly sketched out in 1910 by a group of men, representatives of the great banking dynasties, in the exclusive resort of an island in Georgia.

This is the surprising story of how a handful of investment bankers, united by family and business ties, led the course of history since the beginning of the 20th century, financing wars and revolutions, to achieve a global economic system sustained on credit and fiat money.