The Stock Market
And The Jews' Manipulation Of It For The Past Thousad Years
9/11/2006 3:42:10 PM
F. Roderich-Stoltheim
Book Excerpt -- [Bill: From Noontide Press' The Riddle of the Jew' Success:]
Explanation of the Stock Exchange and Jewish Manipulation
The Jewish World of Trade and Mobilisation achieves its greatest triumph on the Stock Exchange. The Stock Exchange might well be ... in its present day form an invention of the Hebrews in every respect . Originally it was merely the meeting place for merchants, where they bought and sold their goods according to sample. All trade on the Exchange related originally to "effective" goods, that is to say, goods which actually existed, and, of which, samples had to be produced. Even today business of this kind is still transacted on the Exchange, but the extent of the trade there has increased considerably. Not only are good bought and sold there, which are really warehoused somewhere, but also goods, which time alone can produce -- yes, goods even, which do not exist and which never will exist. It is justifiable, under certain circumstances, to secure in advance, delivery of goods for a future date, and therefore purchase-contracts on the Exchange, which refer to a future delivery of goods, are comprehensible [Bill: What we call "options".] The menufacturer, who has pledged himself for months in advance to supply certain of his customers with certain wares at regular intervals, is naturally interested in also securing the necessary raw material in advance. He accordingly buys "on term", that is to say: he enters into contracts today at fixed prices, which contracts shall only become "effective" at a future date or "term". Trade of this kind has nothing actually objecitonable in itself, although it was simply forbidden on the sond mercantile exchanges of the olden times But, at any rate, this method of doing business opened the path to unlimited speculation. By this means large quanities of goods can be bought and sold, which are never delivered, and which are never intended to be delivered. Buyer and seller make a bet, so to speak, as to whether a commodity at some future date will cost more or less than at the present moment. Settlement is effect on the following lines, that one party has to pay out, on the appointed date, the difference between the arranged price, and the price quoted, for the day in question, on the Stock Exchange list.
Thus this "term-trading" [option-trading] becomes simply a business of differences, and does not rank any higher than gambling and betting. This dame of "differences" might appear harmless if it were a private affair, and did not exert its influence upon the genuine fluctuation in the prices of goods. For, when business in "differences" is undertaken to a far greater extent than the real business purchases, the basic price, at which the business in "differences' has been concluded, must, of necessity, influence the price of the acutal goods. The fixing of the daily price results from the general average of the prices, at which the purchases have been concluded, and, generally speaking, one is not able to say whether the latter represents genuine sales of goods, or merely a gamble in "differences". It can also be the case that someone buys himself free from his contract to deliver the actual goods, by paying the price difference. Accordingly, there is no hard and fast line between genuine purchases and mere speculations in prices.
The essence of so called "speculation" consists in making sham purchases on the Stock Exchange so as to create an artificual influence on the movement of prices and, apart from the fact that this gambling in "differences" ruins many a person, it is thoroughly repugnant to the sense of sound political economy. Stricly speaking, every purchase, which does not aim at satisfying the requirement of the moment, but has rather the object of utilising the occassion to lay up cheap goods for a future date, is of a speculative nature. It is more usual, however, to understand by speculation on the Stock Exchange, sham purchases and the trade with imaginary values, as opposed to trade in real values.
....Business on the Stock Exchange only yields sure results when it is transacted by secret collusion, that is to say by gangs or bands ... [When] several of the larger banking firms and stock brokers are working in conjunction with one another, they can very easily ascertain whatnnumber of the shares of any undertaking are held by the public, and what number are in the hands of the operating banks and brokers. The aim and object of the secret confederates -- we will make use of a Jewish expression and call them the Chawrusse -- consist, as one can easily understand, in buying up paper securities at a low price, and in selling the same at a high price. And this business is effect in the simplest way possible. As soon as any particular paper security is held to a very large extent by the public, all that is necessary to do is to arouse suspicion about the same. The view is spread abroad by means of suitable and cleverly worded press notices, that the security in question has no prospects, and that only a poor dividend can be expected. At once a number of the holders endeavor to get rid of the shares in question, and the price steadily falls as the shares are offered for sale. The large stock brokers help in the process by instructing their agents on other stock exchanges to offer whatever they hold of the security in question, at declining prices. They do not run any risk by doing this, for nobody wants to buy the discredited shares. Thus, by reason of these carefully planned and continued influences, the price of the paper security in question falls, day by day; and then, and the only, when a heavy fall in the price has set in, does the Chawrusse begin, in all secrecy, to carry out their purchases. They buy up the shares, at the greatly depreciated price, and know how to maintain it at this low level until they hold the greater number of the shares in their own hands. Then the page is at last turned over. All at once the "well- informed' financial press anounces that the former suspicions, with regard to the prosperity of the undertaking, were without any foundation, and that it promises, on the contrary, to pay an excellent dividend very shortly. Immediately the price of the shares begins to "recover" ... and here also assistance is given by the instigation of a zealous but absolutely artificial inquiry for the shares. But, for the time being, the Chawrusse withholds all the "material", i.e., the shares. The tension, due to the growing deand and the scanty supply, contributes to a further rise in the price, and it is only when the Chawrusse consider that their profit is large enough that they begin to unload their stored up shares at the enhanced price. If, after the course of several weeks or months ... they have relieved themselves of enough of their treasure, they turn the point of the spear in the opposite direction. They suddenly make a forced sale of the remainder of their shares, and arrange that the financial press shall publish articles to correspond; the price gives way, and the old game beigns once more ...
History of and responses to stock manipulation
This secret hand-ind hand working has always been the chief strength of the Jews, and which has naturally always given them an advantage over all sound, straightforward traders. We are not at all astonished when we read in Sombart: "Already in the year 1685 the Christian merchants of Frankfort were complaining that the Jews had gained possession of the entire broker- and bill- discounting business;" and that in the year 1733 the Hamburg merchants lamented that: "The Jews were entirely masters of the bill-discounting business and had out-stripped our people."
Let us then grant to the Hebrews the glory ... of being inventors of trading in "Futures" and of being the fathers of specualtion ("Jobbing") on the Stock Exchange. And this questionable practice is introduced by the Hebrews wherever they settle. During the 13th and 14th centuries, when they were present preponderatingly in Northern Italy, ... stock-jobbing, was, at that time, in full swing in Genoa, and that speculation, in the form of "futures" and "differences", was carried on to a considerable extent at Venice -- so much, in fact, that in the year 1421, a prohibition had to be issued against trading in bankers' bills.
The mania for speculation accompanied the Hebrews to Holland as well, where, in the course of the 17th century, the shares of the East India Company furnished the material for an arrant peice of stock-jobbing. It is there where [we] seek the source of the modern Stock Exchange speculation. Here also was issued a proclamation of the States General in the year 1610, forbidding, "the sale of more shares than one actually possessed." This prohibition was followed by many others ... "naturally without having the slightest result". ... In a report from the French ambassador at the Hague to his government in the year 1698, the former expressed himself in an extremely outspoken manner: "the Jews have control of the entire business in paper securities on the Stock Exchange, and regulate it as they see fit"; and, according to the same report, "the prices of shares fluctuate so incessantly that they give rise to transactions several times in the course of the day, a kind of business, which rather deserves the name of gambling or betting, all the more, as the Jews, who are at the bottom of all this activity, carry out masterstrokes of artifice, but which the people are again and again 'let in' and made fools of."
.... During the reign of William III (1689 - 1702), ... the chief negotiators of the first loan were Jews; they were ready at hand with their advice when the Orangeman began his reign. The rich Hebrew, Medina, was banker to the English Commander-in-Chief, Marlborough (1650 - 1722), and paid the latter a fixed year salary of 6000 pounds, for which he acquired the right to receive all the war intelligence direct form headquarters.
"The victories of the English army brought as much profit to him as they reflected on the glory of the soldiers of England." All the tricks of raising and depressing prices, false news from the theater of war, the pretended arrival of couriers, the secret cotories on the stock exchange, the entire hidden machinery of Mammon, were well known to the first fathers of the Bourse, and were utilised by them to the utmost extent.
We learn concering Mannasseh Lopex, the body physician of Queen Elisabeth of England, that he made alarge fortune by circulating a false report that the Queen was dead, and by buying up the public funds which consequently fell in value. Nathan Meyer Rothschild of London had reported sent to him in Brussels, by Jewish spies, concerning the issue of the battle of Belle- Alliance, so that he could travel back with the news to London by express post and special ship. On his arrival, he circulated a false rumor concerning the result of the battle, which was the immediate cause of a tremendous drop in the prices of English and German paper securities. He bought up the depreciated securities secretly in enormous quantities, and, when 24 hours later, the London Stock Exchange learnt the true issue of the battle, and, at the same tim, that Rothschild had made fools of them, he -- Rothschild -- was many millions richer.
....John Law (1671 - 1721) the author of the notorious fraud in the shares of trading companies, may have been a Hebrew, and ... his real name was probably Levi.
Of kindred spirit to these Jewish "statesmen" was the notorious "Demon of Wurttemberg": Suss-Oppenheimer (hanged 1734).
The Hebrews also introduced the traffic in shares into Hamburg, in the 18th century, and carried it on to such an outrageous extent, that the Hamburg Council issued a proclamation, in 1720, prohibiting the practice. Today, it is represented as being the narrow view of reactionary circles to speak of business on the Stock Exchange with anything but the most profound respect; but .. this view of those, who are today called "Provincials" and "Agrarians", was, in the 18th century, the settled opinion of the sound merchant. During the debate upon John Bernhard's Act in the English Parliament in 1733, the "infamous practice of stock jobbing" was condemned universally by all the speakers. What have not our Hebrews accustomed us to in the meantime!
....[At] the time in question:
"Public debts were regarded as the shameful side -- Partie honteuse -- of national life. The best men say, in the rapidly advancing indebtedness, one of the worst evils, which could be inflicted upon the community."
The extension of the market in shares from 1800-1850 is ... of equal significance as the expansion of the House of Rothschild:
"The name of Rothschild means more than the firm; it means all Jewdom as far as the Stock Exchange is concerned; for only with the help of their compatriots could the Rothschilds reach their position of power, which dominates all others, and obtain the entire mastery of the Stock Exchange ...
"If, in this way, the sphere of the money-lender was considerably extended, the Rothschilds also took good care to adopt further measures for squeezing the last farthing out of the community. This was bought about by skillfully utilising the Stock Exchange for the purpose of emission of issuing into circulation."
This step on the part of the Rothschilds soon brought into this kind of activity other, and questionable, followers and imitators, in the shape of "Banks of issue or emission." These deflect German "spare" capital abroad to an incredibly extent (but not to our colonies!) -- thereby depriving the home country of the money, which is required for economic purposes, and depressing the value of our national paper securities, upon which countless citizens depend for the proper and regular payment of their interest. These "banks of issue", at the same time, secure enormous profits for themselves by their activity, which is absolutely destructive to all national economy, and which is either inadequately taxed, or escapes taxation altogether. Only a severe legal restriction and even, from time to time, an absolute prohibition of the issue of foreign securities, by means of the Stock Exchange, could remedy this nuisance.
...."'Create a favourable atmosphere' was the watchword, which, from this moment, dominated all traffic on the Stock Exchange. 'Creating a favourable atmosphere', was the aim and objet of the unceasing fluctuations in the market prices, caused by the systematic sale and purchase of shares, just as the Rothschilds maneuvered when they were about to 'launch an issue'. In order to obtain commander of the Stock Exchange and the Money Market, all possible means, which stood at their disposal, were utilised; all paths, which might lead to the attainment of the desired object, were traversed; every conceivable trick of the Stock Exchange, and of anywhere else, was practiced; all levers were put into motion; money was sacrificed in both large and small sums. These Rothschilds practiced "agiotage" (Stock jobbing) in the narrower sense which the French attach to the word. Up till then, the great banking houses had never done this, at any rate, openly. The Rothschilds employed the epxedient of artificially influencing the market by creating a favourable atmosphere, which practice had been introduced by the Amstersam Jews for a new object viz the launching of shares." ...
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