As Oxfam warns that global wealth inequality is spiraling out of control, True Activist asked why the Rothschilds and Rockefellers are missing from the business magazine’s definitive annual guide…with some startling revelations.
“Permit me to issue and control the money of a nation, and I care not who makes its laws.“
This is a House of Rothschild maxim, widely attributed to banking tycoon Mayer Amschel Rothschild in 1838 and said to be a founding principle for the highly corrupt banking and political system we have today. Along with the Rockefellers, the Rothschild dynasty is estimated to be worth well over a trillion dollars. How are these powerful families linked to the ongoing crisis of global wealth inequality, why are so many people unaware of their existence, and why doesn’t Forbes ever mention them in their annual list of the world’s wealthiest people?
Global wealth inequality is out of control, and it’s no accident.
In January 2014, Oxfam announced that the richest 85 people on the planet share a combined wealth of $110 trillion. The figure was based on Forbes’s rich list 2013, and it equates to 65 times the total wealth of the entire bottom half (3.5 billion) of the world’s population. While some deluded commentators welcomed this as “fantastic news,” the rest of us were disgusted. Winnie Byanyima, Oxfam’s executive director, said at the time: “It is staggering that in the 21st Century, half of the world’s population own no more than a tiny elite whose numbers could all fit comfortably on a double-decker bus.”
Two months later, following Oxfam’s calculation and having published the new 2014 rich list, Forbes journalist Kasia Morena did some fact-checking. She found that the number of billionaires owning the same as the poorest 3.5 billion had dropped from 85 to 67: which demonstrates an enormous widening of the global inequality gap in just one year.
Fast-forward to 2015, and another Oxfam investigation. The anti-poverty charity warned in January that if nothing is done to tackle global wealth inequality- by forcing corporations to pay their taxes and closing off-shore tax havens, for example- the richest 1% will own more than everybody else in the world combined by 2016. In a paper called Wealth: Having it all and wanting more, Oxfam outlined how the richest 1 percent have seen their share of global wealth increase from 44% in 2009 to 48% in 2014, and will likely surpass 50% in 2016. Winnie Byanyima again warned that the explosion in inequality is holding back the fight against global poverty at a time when one in nine people do not have enough to eat, and more than a billion people still live on less than $1.25 a day.
The organization also outlined how 20 percent of billionaires around the world have interests in the financial and insurance sectors, a group that saw their cash wealth increase by 11 percent in the last 12 months. Billionaires listed as having interests in the pharmaceutical and healthcare sectors saw their collective net worth increase by 47 percent, and the industry spent more than $500 million lobbying policy makers in Washington and Brussels in 2013 alone.
Do we really want to live in a world where the one percent own more than the rest of us combined?” Byanyima asked. “The scale of global inequality is quite simply staggering, and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast.”
Meet the people who own 50% (and counting) of the world’s wealth.
Here is Forbes’ (real-time) list of the 66 billionaires who (officially) own half of all global assets, and will soon own more than the rest of Earth’s seven billion population combined. They range from CEOs of large corporations to oil and gas tycoons and Silicon valley entrepreneurs. The list details name, net worth, percentage change since the 2015 results, their age, industry and nationality. Bill Gates is ranked first at $469 billion, and James Simons at #66 with the $14 billion he made from hedge funds.
But where are the world’s Royal families? And more to the point, where are the Rothschilds and the Rockefellers? These two families have an unimaginable amount of wealth that surpasses the trillion mark- they are the only trillionaires in the world, and yet they are missing from Forbes’s list every single year, along with the handful of other men commonly believed to own our politicians, our media, our corporations, our scientists, and even our money supply.
Five of the most powerful and wealthiest men in the world belong to the Rothschild and Rockefeller dynasties.
The Rothschild and Rockefeller Dynasties: With great power comes great secrecy
Forbes’s rich list doesn’t include members of Royal families or dictators who hold their wealth through a position of power, or who control the riches of their country. In this way, the real people pulling the strings are able to work in absolute secrecy without any media attention at all (unless it is carefully-constructed positive propaganda, like this article on the philanthropy of the Rothschilds, of course).
Forbes’s policy to exclude heads of state from the rich list explains why the Queen of England is absent, although nobody has the slightest idea of her wealth in any case: her shareholdings remain hidden behind Bank of England Nominee accounts. As the Guardian newspaper reported in May 2002: ‘The reason for the wild variations in valuations of her private wealth can be pinned on the secrecy over her portfolio of share investments…Her subjects have no way of knowing through a public register of interests where she, as their head of state, chooses to invest her money. Unlike [British politicians and Lords], the Queen does not have to annually declare her interests and as a result her subjects cannot question her or know about potential conflicts of interests…’
The same can be said for the Rothschilds and Rockerfellers, whose European forebears were richer than any Royal family at the time. The families are believed to have set up and own the Federal Reserve (G Edward Griffin’s The Creature From Jekyll Island and this research by journalist Dean Henderson are recommended reading if you want to get deeper into this topic). Could this be why the families, whose power in manipulating global affairs for the past few hundred years cannot be underestimated, are protected by Forbes’s ‘don’t even go there’ policy?
Retired management consultant Gaylon Ross Sr, author of Who’s Who of the Global Elite, was apparently told in 1998 that the combined wealth of the Rockefeller family was approx $11 trillion and the Rothschilds $100 trillion…what might that figure have reached 17 years later? One can hardly begin to imagine, but maybe money isn’t the most important thing to your average trillionaire, anyway…
“The only problem with wealth is, what do you do with it?” was a rhetorical question posed by none other than John D. Rockefeller. Well, if Aaron Russo’s testimony is to be believed, all the Rockefeller riches in the world certainly won’t be used to benefit the human race…