CURRENCY WAR SONG HONGBING PDF

I first want to say that this book is filled with conspiracy theories and nationalistic ideas. This is the mysterious question the author asks. Actually, this family has accumulated its wealth well before years ago starting from England. The rise of Rothschild family begins in when the Battle of Waterloo between England and France ignited.

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I first want to say that this book is filled with conspiracy theories and nationalistic ideas. This is the mysterious question the author asks. Actually, this family has accumulated its wealth well before years ago starting from England. The rise of Rothschild family begins in when the Battle of Waterloo between England and France ignited. At the time, Rothschild family was devoting to bank management.

They had international banks around Europe such as Germany, France, and England. The family had vast network of industrial spying agency. Therefore, the Rothschilds had an efficient network for market informations. Many people were betting their whole wealth by buying national bonds of either England or France. If England loses the battle, the national bonds will be worthless.

Conversely, if France loses this battle, the price of French national bonds will fall dramatically. Therefore many people were betting their fortunes on the Battle of Waterloo. The Rothschilds family, using their vast spy network, succeeded in finding out the result of the battle, one day faster than the government. Everyone was nervous in the appearance of Nathan Rothschild in the stock exchange. Nathan ordered his agents to sell tremendous amount of British stocks. The British has lost to the French.

The stocks exchange was in chaos. The stocks became a worthless piece of paper in a minute. Nathan Rothschild then immediately told his agents to buy all of the stocks. British government was also victorious in the Battle of Waterloo, however, in a long run they were losers.

As Rothschild family seized all of the stocks in England, they seized the right of Bank of England. The family then forced the British government to pay their loan for a long battle by tax. So the family was successful in seizing the rights of imposition of taxes. Here are the quotes relating to the dominance of currency. Amsel Rothschild Like Amsel Rothschild what said, Rothschilds used currency as a mean of exploiting wealth from people with out being noticed.

In the past, gold was used as a mean of currency. Gold has a limited amount of money, and it was perfect in serving as a currency. If you know the common sense of finance, the infinite supplying of currency will cause an inflation. For example, if a person named John has one dollar, it would not worth a dollar after the inflation. As a result, Jon will lose sums of his wealth. Rothschilds used this method in order to exploit wealth from people.

They increased the supply of money in order to decrease the wealth of people. Once it has decreased its price, Rothschilds bought the wealth away from people. After they have bought such things as stocks from people, the Rothschilds limited the supply of money. This caused deflation and increased in value or worth of currency.

As a result, Rothschilds increased their wealth to tremendous amount. Satirical cartoon protesting against the introduction of paper money, by James Gillray, Later on, the Rothschilds used these kinds of methods to manipulate the stocks and gained wealth.

They also stirred wars around the world to make profit. In conclusion, Rothschilds expanded their financial empire by dominating national banks around the world such as Federal Reserves of United States, and etc.

On its rest of the pages, the book illustrated about how finance and currencies operate. Also, it deals with the problem of paper notes as a currency. Through out the book, I did not or tried not to believe the claims stated in the book.

I knew that some of the stories have been too much dramatized. However, I feared in a sense that this could be a reality because the writer Song Hongbing has given out specific data through out the book, which supporting his claims strongly. In sum, it was too complicated for a high school student to understand the functionality of currency and finance in the book, however, I think I understood most of the important aspects of currency.

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We are idiots if we really believe what the writer says. Japan is still mentally under control of the U. Yet he calls it a draw? What does the author really know besides finance? This is the problem of the mentality of those in finance; they think they understand and know the world better than anyone else while they exhibit this much ignorance, and we people listen to them because they are the experts of the number that we care the most. After all, the unequal distribution of wealth throughout the s caused the Great Depression. And about the 1st World War, the war began first, and three months later the Federal Reserve was established.

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Historical overview[ edit ] Up to [ edit ] For millennia, going back to at least the Classical period , governments have often devalued their currency by reducing its intrinsic value. A notable example is the substantial devaluations which occurred during the Napoleonic wars. When nations wished to compete economically they typically practiced mercantilism — this still involved attempts to boost exports while limiting imports, but rarely by means of devaluation. The intrinsic value of money became formalised with a gold standard being widely adopted from about —, so while the global economy was now becoming sufficiently integrated for competitive devaluation to occur there was little opportunity. Following the end of World War I, many countries other than the US experienced recession and few immediately returned to the gold standard, so several of the conditions for a currency war were in place. However, currency war did not occur as the U. With widespread high unemployment, devaluations became common, a policy that has frequently been described as " beggar thy neighbour ", [28] in which countries purportedly compete to export unemployment.

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