Conspiracy Theories
Over more than two centuries, the Rothschild family has frequently been the subject of conspiracy theories. These theories take differing forms, such as claiming that the family controls the world's wealth and financial institutions, or encouraged or discouraged wars between governments. Discussing this and similar views, the historian Niall Ferguson wrote, "As we have seen, however, wars tended to hit the price of existing bonds by increasing the risk that a debtor state would fail to meet its interest payments in the event of defeat and losses of territory. By the middle of the 19th century, the Rothschilds had evolved from traders into fund managers, carefully tending to their own vast portfolio of government bonds. Now having made their money, they stood to lose more than they gained from conflict. The Rothschilds had decided the outcome of the Napoleonic Wars by putting their financial weight behind Britain. Now they would sit on the sidelines."
Read more about this topic: Rothschild Family
Famous quotes containing the words conspiracy and/or theories:
“America is a vast conspiracy to make you happy.”
—John Updike (b. 1932)
“In the course of a life devoted less to living than to reading, I have verified many times that literary intentions and theories are nothing more than stimuli and that the final work usually ignores or even contradicts them.”
—Jorge Luis Borges (1899–1986)