<Picture: Chinese Book & Korean Translated Book>
Recently I have read a book called Currency Wars written by a Chinese economist Song Hongbing. I first want to say that this book is filled with conspiracy theories and nationalistic ideas. However, the writer has given specific data and reasoning to support his ‘conspiracies’. Therefore I think the book should be called a ‘faction’ book as it is based on truth, however, dramatized too much.
This book overall ‘reveals’ the conspiracy of colossal finance corporations and how they use currency as an instrument of exploiting wealth of people. The book has some of the shocking comments such as ‘Bill Gates isn’t the richest man in the world’ and ‘huge finance corporations are responsible for wars around the world.’ Also, the book raised one’s consciousness about how currency as a weapon can be more destructive than physical weapons.
Rothschild Family:
First of all, the book reveals that the Rothschild family is the richest family with $5 trillion dollars whereas Bill Gates “only” have $40 billion dollars. The Rothschild family’s wealth is 100times the Bill Gate’s wealth. How has this family earned exponential amount of money, and how hasn’t no one noticed about it? This is the mysterious question the author asks. The author then answers that the family’s strict control, accumulated experience in markets, and their endless desire in making ‘financial empire’ across the world made it possible for them to be the richest family in the world. Actually, this family has accumulated its wealth well before 200 years ago starting from England.
The rise of Rothschild family begins in 1815 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.
<Battle of Waterloo>
When the Battle of Waterloo began, the Rothschilds instantaneously realized that they will earn tremendous amount of money. 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.
At the time, it took days for troops to either report a victory or defeat to the government simply because there weren’t any cars or other efficient means of transportation. The Rothschilds family, using their vast spy network, succeeded in finding out the result of the battle, one day faster than the government. When the Rothschilds family found out that the British has won the battle, Nathan Rothschild (the family’s third son) immediately headed to the stock exchange of England.
Everyone was nervous in the appearance of Nathan Rothschild in the stock exchange. Nathan ordered his agents to sell tremendous amount of British stocks. He ordered one of his agents to shout out false information, “Rothschilds found it out! The British has lost to the French.” People, terrified, struggled to sell their stocks before the price got any lower. The stocks exchange was in chaos. In a minute, the price of national stocks fell to 5% of their original value. The stocks became a worthless piece of paper in a minute. Nathan Rothschild then immediately told his agents to buy all of the stocks.
This was a victory for Rothschild’s family. 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.
<The Bank of England>
By seizing the Bank of England, the family of Rothschild exercised power and dominance by controlling the supply of currency. Here are the quotes relating to the dominance of currency.
- “Money is Power”, or shall we say, “The Monopoly to Create Credit Money and charge interest is Absolute Power”. (Alex James)
- “Let me issue and control a Nation’s money and I care not who makes its laws”. (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. However, as ‘paper’ currencies came out, it was possible to make infinite amount of money. 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, 1797.
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. Rothschilds with other huge financial corporations caused many economic depressions such as the Japan’s lost decades and 1997 Asian Financial Crisis that affected Korea, Thailand, Malaysia, 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. It also deals with the problem that paper currencies creates problem such as debt being larger than the actual amount of money due to debenture of ‘money earned in the future’.
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.
Related Resources:
Article: “Chinese buy into currency war plot”
2010.5.21 Writer’s Comment
I think that we should not ‘mindlessly’ believe what is written in this book. It’s full of conspiracies, however, the author has given us different point of view and perspectives to how some people think of economics. Majority of the people used to think of economics as a subject of ‘how to earn money.’ But, Song Hongbing introduced us the new perspective of how the economy can be dominated in the way it is described in the book. Remember, it is not entirely comprised of ‘facts.’ Many of the ‘theories’ are based on the ‘reasonable’ assumptions.
2010.10.4 Writer’s Comment
I must admit that comparing the wealth of a family (multiple individuals) and the wealth of ‘an’ individual is somewhat awkward. There could be hundreds of individuals in one family. Therefore, it could be possible that the book was wrong about how Bill Gates is not the richest man in the world. However, doing simple math it could be easily known that there are individuals within the Rothschild family that has more wealth than Bill Gates. For example, 5000billion divided by 100 would equal to 50billion. This would mean that 100 individuals have more wealth than what Bill Gates has (40billion). However, the wealth would not be distributed equally like equal slices of pizzas. The distribution of the wealth within the family will be concentrated in the middle and it disperses to other individuals. So there will be about 10 individuals with 50% of the $4 trillion.
However, I really don’t believe in what the book is saying. I still believe that Bill Gates is the richest man in the world. I’ve just done some calculations to see if it is ‘legitimate’ to compare a group of people to an individual.
Sang's Economics Blog 
hyun0124 said,
November 1, 2009 @ 9:21 am
I don’t think it is neither legitimate nor grammatically correct to say that “Bill Gates ‘only’ have $40 billion dollars.” First and foremost, Bill Gates is only a person; I don’t think it is fair for you to round up a group of people called “Bill Gate” and call them, collectively, “Bill Gates,” and pronounce with so much confidence that they “only have $40 billion dollars.” Oh, please, excuse my sarcastic rhetoric. Logically, I don’t think it is ‘legitimate’ to argue that Bill Gates is ‘not’ the most affluent man alive. After all, the Rothschild family that you’re talking about is “an international dynasty of German Jewish origin that established worldwide banking and finance operations. (Wikipedia, 2009).” I just don’t think it is correct to compare the aggregate wealth and possession that belong to a network of people, and ‘a’ person. It’s like trying to compare the magnitude – for a lack of a better word – of an imaginary number with that of a whole, real number. It just doesn’t work.
11kimsa said,
November 1, 2009 @ 10:29 am
I agree with that it is somewhat weird to compare a group of people with a person. However, even if there’s like 50 people in this group of people, these individual people still has like more than what Bill Gates has, maybe twice his wealth. 100/50 = 2 🙂 But, I got your point.
Harbinger of Truth said,
November 3, 2009 @ 11:38 am
I’m sorry, Sang, but I still don’t think the comparison is legitimate by any means. I don’t even get where the number “50” even came from – I ‘assume’ it’s your ‘assumption,’ which I found too out-of-context. But I do think it is a good book, so good on you. I really liked how you connected the ‘key points’ together. So, I got your point, too.
11kimsa said,
November 3, 2009 @ 1:13 pm
Do you expect a family to be over 50 people? or even over 20 people? I don’t think so. It was just my maximum approximation. Even if there’s like 50 people in a family, not everyone will be having a same proportion of the organization. There could be few key-owner of 2 to 3 people holding over 70% of this organization. So I think it is legitimate to compare the family to Bill Gates.
Harbinger of Truth said,
November 7, 2009 @ 10:47 am
But you got it wrong again, Sang. I don’t know how to explain the complex structure, or the sheer definition, of a biological pedigree. The “family” in the “Rothschild family” doesn’t refer to the typical “family” you are currently depicting in your mind. I don’t want to repeat myself, but it’s a massive “dynasty” of German Jewish origin; it has innumerable branches that gave birth to an even more extensive and massive number of sub-branches all over Europe including France, Austria, Germany, England, Scotland, and so on. It refers to the network of the people who are direct, or indirect relatives or family members of one another in the Rothschild pedigree. I did a bit of research on the family; it only took about 10 minutes, and although Wikipedia only has up to the late 1800s proportion of the Rothschild pedigree, and though the pedigree only includes a small section of the Rothschild bloodline, it showed 29 people who were probably alive altogether during the late 1800s.
Another logical fallacy of your argument is that you make another illegitimate assumption as a basis for your crux-argument and claim that you’re legitimate. : ) “There could be a few key-owner of 2 or 3 people holding over 70% of this organization.” “There ‘could’ be” is an arbitrary presumption that is supported by no data or reliable information that can back it up. Henceforth, I consider it illegitimate.
I mean, it’s like saying: Person A could be failing in 2 or 3 of his subjects, so he must have a low GPA. I think it’s legitimate. : )
Harbinger of Truth said,
November 7, 2009 @ 10:58 am
Now, Sang, I feel like my comments have lacked positivity and more encouraging feed-backs. So I would like to focus on the brighter side of the brilliant article-post you made here on this Chinese bestseller. I really liked how you actually made connections between the Rothschild family’s immense wealth, and the equally massive financial turmoils that took place in a number of different countries over the past several decades, including the economic crisis in Japan. I was just curious if the book mentioned how the Rothschild family could amass so much money and elude taxation – which would have been a painfully huge chunk of their sum total earnings, I’ sure – and how they have – for a lack of a better word – hidden their wealth so well. By “hidden,” I’m making an assumption that they amassed the wealth they did without letting the government recognize how much money they were actually earning.
11kimsa said,
November 9, 2009 @ 12:01 pm
Woah, I really like how you “passionately” respond to my blog post. THANKS :p
But lets consider this: Bill Gates is a person. However, his wealth cannot be said to be only his. What I’m trying to say is that, most of Bill Gate’s wealth is comprised of Microsoft’s stocks. So Bill Gate’s wealth is actually a wealth of Microsoft, which is comprised of ‘many’ people 🙂 Rothschild’s many financial organizations are located in France, England, Austria, and United States. Let’s say that there are 2 key owners for each branch. (Key owner much have over 30~40% of the company’s stock shares in order to be called a key owner that’s what it means.) Now, 2×4 = 8. wooh I’m sure that you are following this calculation quite well because you’re in Mathematics HL 🙂 Now, the ratio of Rothschild’s wealth to Microsoft’s is 100:1. Divide 100 by 8 and you will get 12.5. Individual Rothschild will have a wealth of 12.5 times Microsoft’s wealth. This proves that Bill Gates has less money than the owners of Rothschild Family. Hmm… I understand that you don’t agree with me on the ‘legitimacy’ of comparing a person to multiple people. However you cannot really say that it is ‘illegitimate’ to compare a person to branch of people. It’s just a different point of view.
Also, you said that most of Rothschild Family today have the pedigree that only includes a small section of the Rothschild bloodline. However, these people were strict in the marriage and all those stuff. They only married people within their family. :0 Rothschilds married strictly within their family and within close relative of their family in order to keep and protect the wealth they have amassed. They didn’t want the wealth to be divided and be divided and so on because it will eventually minimize their wealth and the influence of their financial empire. :s I’ve heard that there were many people within the family that had disorder because of this strict rule 😦
Now, I feel that I am being stubborn in this subject. I feel that its just the different point of views that makes this society a liberal and censor-less society. IT REALLY DOESN’T MATTER if it is legitimate or not :p
11kimsa said,
November 9, 2009 @ 12:06 pm
And by the way, why did you erase my comment on your blog post about African kid? Isn’t that censorship? :S
Harbinger of Truth said,
November 9, 2009 @ 1:17 pm
I’m not sure how you sensed any “compassion” from my article. 🙂 I hope I don’t need to remind you what compassion in the English language denotes. Perhaps you meant to write “passion,” but I’m sorry to say that when I am debating, I try not to let passion – compassion, never (it’s totally irrelevant) – take over me. Letting passion take over you in a debate or a discussion of any kind is, for a lack of a better word, committing suicide. It militates against your will to remain impartial and indifferent when you’re making judgments.
Anyways, first and foremost, I wish you could delete comment #7. It is displayed as a remark that I made, but, in fact, I didn’t. Please, don’t put words in my mouth. There is a feature in Word Press that allows me to keep track of all the personal comments and posts I have made, and comment #7, I’m sorry to accuse you of cheating, is a comment that you wrote on my behalf. I never really asked for it, so I’m not sure why you did that…
I mean, it was too obvious… I don’t make grammatical errors ‘that conspicuously.’ In case you didn’t know, I can teach the following by capitalizing on this opportunity:
You should have written: “I’m sorry, Sang. I never thought of that.”
The “including multiple people” is a dangling modifier, which is a serious grammatical blunder, and I, being the Writing Editor, always see it in my Publications class.
Additionally, you don’t put a comma after “But.” We really shouldn’t start a sentence with “But” at the first place; however, when chatting, I often make that mistake, too. Lastly, “Never thought of how there could be a key owners holding the major share of the organization” is grammatically incorrect as well. How can “a” and “key owners” go together? They don’t agree in number. I actually saw a lot of those in your article posts. I mean, yes, the blog owner can write comments using another person’s ID, but I’m not sure if this is playing the game fairly.
Now in light of your latest counter-argument, I would like to re-counter your primary argument that because “most of Bill [Gates’] wealth is comprised of Microsoft’s stocks,” Bill Gates’ wealth is not his sole property, but property that belongs to “many.” I mean, are you serious? The reason Bill Gates has so many stocks of Microsoft – instead of possessing cash – is because:
1) it’s difficult to pay out billions of dollars in cash, and most importantly,
2) it’s simply a stock-option system, a system that has been adopted by most modern companies and corporations as a means to pay their employees. Fundamentally, it’s just a different means to pay someone for his or her labor. The stocks that Bill Gates owns ‘are’ actually a property of his own, henceforth. It’s no different from having received monetary payment.
Now, in light of your second argument, I would like to discard the argument itself because it, again, is based on an arbitrary hypothetical that has its genesis in your own imaginations. 🙂
This is what I’m referring to: “Let’s say that there are 2 key owners for each branch.” If you’re going to argue on the basis of hypothetical scenarios, you can at least provide rationales (even of rudimentary form).
On top of everything else, why aren’t any of these guys in the Fortune 500? It’s suspicious! Maybe that’s the biggest flaw of your arguments – the very fact that it is based entirely on a “conspiracy theory.” You admit that, don’t you? I think you conceded that point previously, and that’s a big loss on your side in terms of validity and of reliability of your claims and arguments.
Finally, regarding your question in comment #9:
Yes, I did erase the comment, but I think you know the reason better than anyone else. Please, don’t play dumb. I hate it when people pretend like they are some no-brain, ignorant, asinine beings. The fact of the matter is: I know you’re a smart kid; you’re in Mathematics HL, too! : )
Nonetheless, I will provide my rationale, though you may not perceive it as a reason compelling enough. You’re comment on my blog about the Zambian boy winning a place at Seoul National University was a question. You asked me, “Just because he is African? :S”
Well, number one: anyone who gives some thought to an article like that like this would never come to a conclusion that the author of the article being racist. Your question, obviously, carries the implicit notion that you are against my allegedly racist view. 🙂
I did post an article criticizing censorship, but I hope this comparison will open your eyes to why I erased your comment, and why that was a justified act, carried out, not with a debilitating confidence of ‘or,’ or ‘either,’ but in an ever-stronger self-assurance of ‘will,’ and ‘must.’
My comparison: It is wrong to kill a person, right? However, what if someone is on the verge of killing you, intentionally? Isn’t self-defense a justified action in a scenario like this? I believe so, and maybe we have different perceptions on morality and ethics, but I hold firmly the conviction that there are always exceptions. My censorship, if I may, was an act of self-defense, a self-defense against your illogical allegation of grave danger. I am looking forward to your reply to this post of mine. : )
11kimsa said,
November 9, 2009 @ 1:40 pm
I like how you write thousand words for comments 🙂 I don’t think most of the people read through all of your comments simply it is too LONG :p Anyway, thank you for making fun of my lack of expression and vocabulary. It really helped me a lot. Oh yeah and I’ll definitely put ‘commas’ on the right place. Also I will watch my usage of “a” with plural nouns. THANK you Hyun for pointing out my “limitation of rhetorical caliber” and of grammar.
YES, IT IS A BOOK FILLED WITH CONSPIRACY. And I admit that I cannot verify that Rothschild actually owns that much of money. This was stated in the very first paragraph. 🙂 But, this is not the point. The whole discussion was about that legitimacy of comparing a group of people with a person. I really don’t want to repeat myself, but it really doesn’t Matter. :s
And about the comment on your blog, I wasn’t playing Dumb 🙂 Isn’t it all about freedom of speech and those stuff you are praising for? I believe it was a comment, which would have stirred some constructive and interesting discussion.
🙂
Harbinger of Truth said,
November 9, 2009 @ 2:23 pm
I’m very glad that you had the acumen to figure out that most people wouldn’t read these long comments of mine. It wasn’t meant for most people at the first place, so thank god! 🙂 On top of that, I never “made fun of [your] lack of expression and vocabulary.” Not once did I mention, or made a circumlocutory hint, that you lacked “expression and vocabulary. I don’t think I even used the two words in my posting. Hence, in that aspect, I think I have defended my virtue, and compassion (ah ha! I used it now!) towards others in decorum. I just would like to point out once and for all that although you promised me you would not place the article “a” in the wrong place, you have committed same error again. I have absolutely no idea whether that was sarcasm or cynicism, but I couldn’t care less, for what I am interested in is not editing your posts and comments’ grammatical inaccuracies, but gaining new insights by partaking in intellectually stimulating discussions like the one we’ve had for while. I express my sincere words of gratitude to you, for having responded to my comments with dignity and with your own ideas of utmost creativity. I respect that dearly. The crux of my point, when I talked about pretty much anyone’s lack of rhetorical caliber, was that I once endured the same difficulties – and I still do with Japanese! I was just glad that I had discovered a common ground of common understanding between us two in the midst of a debate of so much disagreements and discords in personal convictions. Our opinions may not agree with one another in all facets, but I appreciate the fact that both of us learn from and, ultimately, grow from this common experience of struggle, of strive, and of success.
I don’t think it makes too much sense to discuss my article on your blog, so if you’re interested in debating me on the topic of liberty and of freedom of speech, please feel free to comment on my blog. If you have already done so, great! Just never hesitate to challenge me, as long as the challenge is on that occurs on the ground of mutual respect, and of dignity.
By the way, you should our Model United Nations. You would be a good delegate at MUN. Clearly, you can generate your own ideas, and are capable of defending your own ideas, in most cases, with both reason and rhyme. I hope this discussion of ours was not entirely a one-way learning experience.
11kimsa said,
November 9, 2009 @ 12:59 pm
Just to justify that key owners much have over 30% of its company’s stocks I’ll give you an example:
Samsung’s Lee Gun Heui has the stocks share of 45.6% He dominates the company as the CEO of Samsung.
You must have 30% or more in order to actually dominate any stock company
Harbinger of Truth said,
November 9, 2009 @ 1:24 pm
I’m not sure how you “justified” that key owners [must] have over 30% of its company’s stocks… Do you mean ‘proved?’
By the way, Lee Gun Heui is not the CEO of Samgsung. Uh oh. 🙂 You thought I didn’t even follow the Korean news? You’re hilarious. 🙂
On top of that, you should know from mathematics that providing one example that fits the framework of your argument, or idea, does not mean the argument or idea is legitimate. Providing examples have nothing to do with proving something, unless you provide so many examples that you directly prove an alternative is impossible.
11kimsa said,
November 9, 2009 @ 1:44 pm
😦 Oh I just forgot that he retired or something for Samgsung’s Everland 🙂 Anyway I look forward on your comments for my next blog posts. I feel like I have a fan for my blog :):)
Harbinger of Truth said,
November 30, 2009 @ 12:06 am
I look forward ‘to’ your subsequent blog posts, too 🙂
11kimsa said,
November 30, 2009 @ 12:36 am
Thanks for correcting my English.
Jay said,
December 23, 2009 @ 4:08 pm
Well, your point is well taken and valid. However the tiny point that you’re accusing the writer of making is not what this article is really about is it? You are missing the whole point here. you are missing what’s really important about this article and the book itself.
David Murgia said,
January 30, 2014 @ 1:45 am
I am much agree with your comment short and straightforward, as seems you are the only credible person, I wish to ask if could be possible to get this Sang Hong Bing ( Currency War ) the English version, to have a better ide of tis much acclaimed book. I really appreciate any information accordingly, my e-mail address is : david_murgia_50@hotmail.com, and my name is David Murgia
vokoyo said,
October 28, 2011 @ 9:05 am
當我們看中國的外交，卻發現她很多時會在違背自身價值觀和利益的情況下，向各國妥協。可見中國外交的失敗。
中共所實行的睦鄰政策，可說是徹底的失敗。中共現在的領導人奉行鄧小平那套所謂的「韜光養晦」政策。但其實，這只是一種逃避挑戰的鴕鳥政策。當今中國所面臨的惡劣國際環境，則決定了這種鴕鳥政策必然失敗。
在這種鴕鳥政策主導下，中國外交不僅畏首畏尾，更胸無大志，既沒有系統的外交戰略，也沒有長遠的外交目標。這種頭痛醫頭、腳痛醫腳式的外交政策，直接導致中國外交在面對各種挑釁時束手無策，盡顯軟弱之態，面對大好機遇時，也因毫無戰略準備而無所作為。
對朝鮮對印度對日本甚至是越南，中國都是畏首畏尾，一昧退讓，實行韜光養晦。本來，鄧小平的韜光養晦，是指平時積蓄力量，關鍵時刻果斷出手，是一種積極進取的外交思維。但現在，卻成了一種鴕鳥政策，令人無奈。
其實，按照中國現在的實力，根本不用如此讓步，中共對東南亞國家，對日本，甚至是越南朝鮮，都讓得太多。完全顯示不到大國風範，畏首畏尾的外交政策，只會令中國人蒙羞！
至於對印度和越南的外交處理手法，中共簡直令人覺得恥辱。情況就好像當年清政府打贏法國，但仍然賠償法國一樣。令人覺得是絕大的恥辱。
中國在和日本，越南，俄羅斯，印度等周遍強國的政治經濟往來中，沒有佔到多少便宜，也沒有讓這些列強放棄對中國崛起的偏見和敵視，自身利益不斷被侵占，不能不說中國的外交政策有很大缺陷，這是中國國家佈局計劃和外交政策慘敗的最佳體現。
中國常常想成為一等一的大國，但他的外交卻事事以懦弱的方式勉強了事，實在不能給人任何強國的風範。
Dr Anthony said,
November 5, 2009 @ 10:28 pm
Well done Sang, I can see that you article gather a lot of attention. You do have a chance to respond to the suggestions made by your classmate and I am sure you will acknowledge the good points they have made.
johnnyFU said,
November 8, 2009 @ 10:20 pm
Where/how did you guys find the English version of the book? PLEASE!
11kimsa said,
November 8, 2009 @ 11:57 pm
This is a Chinese book. There’s only Chinese version and Korean translated version of the book. Sorry, I don’t know any english-translated version of the book.
sklai said,
June 17, 2010 @ 9:50 pm
You don’t need the English translation. What the book talks about can be found on Youtube. Actually, thousands of people knows about the topic in the English speaking world. There are hundreds of books. Just search John Perkins, Noam Chomsky, Gerald Celente, Ron Paul, Paul Watson, Webster Tapley. And from Youtube just look for 911, the big picture, the fall of the republic, zeitgeist and related videos.
Ruguo said,
November 17, 2009 @ 7:00 am
Interesting book.
It´s tesis is so understandable. But they present a lack in a paramount importance point .
One century ago Mr Marx in his book “The Capital” make a similar lack in one point.
Yesterday the forgot matter, as Mr Bakunin pointed out, was The rule of finantial capital.
In this chinese book the forgot matter is the rule of Drugs and the enormous blak money created nowadays. (How a chinese man can forget all about the green gang? Or about the meaning of the 4th army of Guomingtan? weishenme zhe wang?)
Who are laundering all this money?
Where go the money?
For exemple in only trhee days “clear stream” a Luxenbourg based company, see:
http://en.wikipedia.org/wiki/Clearstream
Move from one point of planet to others, a cuantity of money equivalent to all the world commerce of one year.
Can any body imagine what the hell it means?
Problably we need more ligth on, or…. forget all about.
Best regards
Jason said,
November 21, 2009 @ 8:07 am
The reason the Rothschilds (and other mega-rich people who are secretive about their wealth) aren’t on the rich lists is because the lists are mostly according to non-private information and the like. They can’t view bank balances and all kinds of other non-public data (or secret vaults!). Though trust the mass media not to draw any attention to that…
My late grandfather was a prominent corporate lawyer who acted for banks and big business, and once said that the bulk of the world’s wealth could be traced back to just a handful of people.
http://en.wikipedia.org/wiki/Sunday_Times_Rich_List
“The editors estimate subjects’ wealth from a range of public information, based on values at January each year. They typically explain their actions by stating: “We measure identifiable wealth, whether land, property, racehorses, art or significant shares in publicly quoted companies. We exclude bank accounts—to which we have no access… We try to give due consideration to liabilities.”
http://www.forbes.com/2009/09/29/forbes-400-gates-buffett-ellison-rich-list-09-methodology.html
“However, we do not pretend to know what is listed on everyone’s private balance sheets (though some balance sheets are provided to us).”
Jason said,
November 21, 2009 @ 8:43 am
I know that a few of the Rothschilds are on the rich lists, but you couldn’t take that as being those individuals’ actual place.
11kimsa said,
November 29, 2009 @ 9:31 pm
Yeah, if this conspiracy theory is correct, the media would never know how much wealth the Rothschilds have accumulated simply because it is kept secret for nearly 200 years. I agree with you that even if there are some people from Rothchilds on the rich list you cant take that as being those individual’s actual place because there could be tremendous sum of wealth hidden behind their private banks. We all know how much wealth Bill Gates have accumulated because he doesn’t have any private banks to hide his wealth. Even if he did hide his wealth like in Swiss bank, it would be possible to ‘assume’ or ‘calculate’ how much money he has by looking at the profit Microsoft earned.
Communists Who Understand Economics « HBD Books said,
November 28, 2009 @ 9:24 am
[…] is a review of the book from what seems to be an English speaking Chinese high school student. We learn the […]
11kimsa said,
November 29, 2009 @ 9:33 pm
Actually, it is an english-speaking international school located in Japan 🙂 Thanks for visiting my blog.
Tony said,
November 30, 2009 @ 10:05 am
The history of the United States is a history of the fight between the banks and the people, and the banks have won – so far anyway. See The Money Masters on Google Video here: http://video.google.com/videoplay?docid=-515319560256183936#
11kimsa said,
November 30, 2009 @ 4:17 pm
I agree with you on that
In this book, it also states that Lincoln fought against Federal Reserve about “who’s going to control the publication/issue of fiat money.” It is true that he made a currency guranteed by government, and the federal reserve did not like it. They eventually won in getting rid of lincoln’s currency though.
leon123 said,
December 21, 2009 @ 3:46 am
I think you was wrong with the statement that “Lincoln fought against Federal Reserve………”, because the Federal Reserve was still not in existance yet during or before the Civil War.
According to the book, the Federal Reserve only officially started her operation in16-Nov-1914.
Not wanting to borrow money from the International Banks to finance the war machines and the industries, Lincoln started to print his own currency – the Greenback or United States Notes after passing the “Legal Tender Act” in Feb-1862…………
11kimsa said,
December 21, 2009 @ 9:30 pm
Yeah, I was wrong about how Lincoln fought against the Federal Reserve. However, I am sure that in the book it claimed that Lincoln fought against the establishment of the Federal Reserve and transfer of publication rights to private.
Janet said,
November 19, 2010 @ 12:51 pm
Abraham Lincoln was half Jewish and a member of the Rothschild family by blood. His father was A. A. Spring (real name Springstein). The Zionist Occupation govt. was brought into America under Lincoln’s rule. He was conceived in Lincolnton. The Rothschild later had him killed him.
jshumer9999 said,
November 19, 2010 @ 1:03 pm
President John F. Kennedy signed Executive Order 11110 which returned to the U.S. government the power to issue currency, without going through the Rosthchilds owned Federal Reserve. He was then assinated.
The Rothchild money in 1895 was in todays world worth almost 2 trillion; but, they have created many wars and stolen from many countries and monarchies since. At current, they are said to have closer to $100 Trillion tucked away in areas they live; Naples, England, Austria, Germany, France and Switzerland.
I read that they have 20% in China’s banking. They have 30% in the U.S. China should take care when dealing with them; as, they assinate leaders for control and they have toppled Asia before. History repeats itself.
The Conspiracy Theory Thread - London Fixed-gear and Single-speed said,
December 2, 2009 @ 1:29 am
[…] https://sangecon.wordpress.com/2009/1…song-hongbing/ Quote: […]
Mike said,
December 8, 2009 @ 8:46 pm
Where do I find an English translation of this book (if it even exists) I can’t find it anywhere
11kimsa said,
December 8, 2009 @ 9:29 pm
I don’t think the English translation of this book even exists. There are original Chinese book and Korean translated book. There might be other translated books in asian languages, but I am not sure. Check out this link: http://askville.amazon.com/Book-Currency-Wars-Author-Song-Hongbing/AnswerViewer.do?requestId=10102051 I think many people found it hard to find the English translated of this book a year ago. I really don’t know anything about the english translated version of this book. Sorry :S
leon123 said,
December 21, 2009 @ 3:11 am
I am currently reading Song Hongbing’s 2nd book called “Currency Wars (2), published in July 2009.
You can’t find any English translation of this book yet. The books only published in 3 languages so far, namely Korean, Chinese Simplified(PRC) and Chinese Traditional(Taiwan).
You can go to Song Hongbing’s blog at http://currencywar.blog.hexun.com
OR
go to the Currency War NET at http://www.hbwar.com
Mike Hall said,
December 28, 2009 @ 12:55 pm
Where is the Rothschild wealth and how can it be undermined?
Mike Hall said,
December 28, 2009 @ 1:39 pm
How can the wealth we create from our own labour be protected from central bank policies?
Neil said,
January 3, 2010 @ 5:07 pm
This book cannot be trusted as a fact. However, I do admit that you could consider the possibilities of the conspiracy theory this book claims. I don’t trust this book as a true fact, yet I do value this book for unveiling the potential power of what currencies can do.
Anderson said,
January 5, 2010 @ 2:04 pm
Ezra Pound: “The monopoly of money, or the restriction of its circulation, is merely a variation of this simple form of monopoly. That is all. The stupid fall into the trap. Wars are provoked in succession, deliberately, by the great usurers, in order to create debts, to create scarcity, so that they can extort the interest on these debts, so that they can raise the price of money (i.e., the price of the various monetary units controlled by, or in the possession of, the same autocrats), altering the prices of the various monetary units when it suits them, raising and lowering the prices of the various foodstuffs when it suits them, completely indifferent to the human victim, to the accumulated treasures of civilization, to the cultural heritage.”
bfmark662 said,
January 12, 2010 @ 6:17 pm
Hmm… looks interesting. I do hope that English version of this book comes out soon.
Charlie said,
February 28, 2010 @ 10:33 pm
Chinese are really into ‘nationalistic literature’ just like this book.
For example the book ‘Unhappy China’ encouraged China to become a hegemon rather than getting cast aside.
And this book actually sold over 100,000 copies. Currency Wars is just another same book with same genre taken point of view
in the economic perspective.
replicawathe said,
March 16, 2010 @ 9:23 am
Great Review 🙂
Jeebus said,
March 16, 2010 @ 10:07 am
Sang, is there a English translation of this book??? Will there ever be one?
11kimsa said,
March 16, 2010 @ 1:08 pm
Hi, I really don’t know I heard that the book was published on 2007. So I really dont think there will be an english version of the book coming out. I don’t think there are any publishers that are interested in translating this book 😦
Jack Rauber said,
March 31, 2010 @ 1:56 am
The reason this book is getting attention is because it is critical of Jewish bankers. That is taboo in the US and most parts of the world. A close examination of the Jewish bankers is the equivalent of anti-Semitism. The Chinese people, for the most part, are uninitiated on this topic and therefore naive as to what they can say or even contemplate. The recent negative comments about China in the US press is no coincidence. The Jewish bankers will not tolerate real competition and therefore will take the US into a war with China before they give up control. This has played out time and time again in history. Many people outside of China are hoping the Chinese will weaken the Jewish banking stranglehold over the rest of the world. Just as in World War 2 the Jewish bankers are setting up the two factions, the Axis and Allied Powers. The Axis Powers, in this case, would be China, Russia, and their minor trading partners like Iran and others. The Allied powers would be the US, UK and the EU nations because all of these nations are largely controlled by the Jewish bankers. Make no mistake, this is what is unfolding.
11kimsa said,
April 1, 2010 @ 12:07 am
Hmm… I wasn’t intending to write an anti-Jewish blog post, but the comments below are pretty radical against Jewish people. :p I just thought that the comment you made may have some firm rationales behind it but it was kind of generating this typical prejudge image about Jewish people being ‘money-hungry pigs.’ 😦 However, I agree to the argument that there might be some organizations established for their economic, financial profits/interests trying to lobby the US government. (it happens all the time :S )
Anyways, thank you for visiting my blog and commenting on it 🙂
Joseph Miller said,
September 2, 2012 @ 7:26 am
The first deflection of most who are ignorant of the Banking industry is that the Rothschild Conspiracy is just more Jew Baiting. This is a false flag. The reality is the Jewish Community historically was not able to participate in many areas of commerce. They were forbidden. But it was also forbidden for a good portion of the History of Christendom for money changers to make interest on their money. The Jewish Community could not make interest on another Jew but they could loan to a Christian at interest. So there became a window of opportunity. It was natural that the Jewish Community would become adept at Banking. If Orthodox especially they have a closed community based upon trust and reputation. The Rothschild’s were at the right places at the right times with the correct knowledge to amass great wealth.. prior to the days of Income Tax and Inheritance Taxes.
neris said,
December 28, 2011 @ 9:23 am
spot on!!!
Paulie said,
March 12, 2012 @ 1:43 am
Neris—I could not tell if you thought being naive was a good thing? The Jewish issue is second to the primary issue which is widespread economic ignorance. Dismantle these central banks and you remove the power of would be banksters and financial terrorist be they Jew or otherwise. Teach all citizens basic economics so that none may be fooled. It is really all quite simple to understand when you practice economics in a moral way, it is only confusing by design when you allow for credit and debt based economies to rise and the players around them engage in abject usury because the population has actually given them (private central bank) endless power and influence by awarding them the power to issue currency–the people’s currency. Regardless there are many Jews who are bad and will have to answer but at the same time most of our greatest champions against this are Jews who are loyal to their countries they did assimilate in to, Benjamin Friedman being a shining star. Keep it up everyone and spread the word!
neris said,
December 28, 2011 @ 9:24 am
I meant spot on for Jack Rauber!
Russ Hallerg Jr said,
August 15, 2010 @ 5:40 pm
Do either Currency Wars or Currency Wars Two make any mention of Rothschild sponsorship of Karl Marx and the Bolshevik Revolution? What about the FACT that Adolph Hitler was a Rothschild, as well as the likelihood that Joseph Stalin was too? Greg Hallett, at http://www.greghallett.com, shows photographic evidence that Mao Zedong was also a Rothschild.
If these books are one-sided, to show only the capitalist crimes of the Rothschilds, then it bodes ill for the future. The Chinese are right to perceive the USA as Zionist controlled, as the selection of Rohm Emanuel for White House Chief of Staff makes so obvious. The present government of China has a 20% stake in the Rothschild bank!
Very important question: Do the Currency Wars books discuss Rothschild support of communism? Otherwise, these books are propaganda to inflame the people. We could end up with a repeat of WWII, with (us) fools on both sides fighting and dying for the Rothschild bank(s)!
In the 80 year depression/war cycle, the “big one” is still 10 years away.
collazo said,
November 19, 2010 @ 12:40 pm
It is sad that China’s future is in line to be taken advantage of and financially destroyed by the Rothschilds.
Your question do the Rothchild’s support communism, yes they do. They also murder their own half-breeds. E.g. Pres. Abraham Lincoln.
President Obama was chosen by the Rothchild’s.
Who runs Obama – In order of succession to the Presidency:
Vice President of the United States
Joseph R. Biden (Zionist)
Department of State
Secretary Hillary Rodham Clinton (Jew)
Department of the Treasury
Secretary Timothy F. Geithner (Jew)
Department of Homeland Security
Secretary Janet A. Napolitano (Jew)
Council of Economic Advisers
Chairman Christina Romer (Jewish husband)
Office of Management & Budget
Director Peter R. Orszag (Jew)
White House Staff Rahm Emanuel <JEW)
Barack Obama's Economic Team
Federal Reserve System
Chairman, Benjamin Bernanke (Jew)
(and All 7 governances of Federal Reserve)
National Economic Council
Chairman, Lawrence Summers (Jew)
Economic Recovery Advisory Board
Chairman, Paul Volcker (Jew)
Chief Economist and Economic Adviser
Vice President, Jared Bernstein (Jew)
Commodity Futures Trading Commission (CFTC)
Chairman, Gary Gensler (Jew)
Securities and Exchange Commission (SEC)
Chairman, Mary Schapiro (Jew)
Federal Deposit Insurance Corporation (FDIC)
Chairman, Sheila Bair (Jew)
Director of the Office of Information and Regulatory Affairs, Cass Sunstein (Jew)
Office of Science and Technology Policy
Director, John P. Holdren (Jew)
White House Medical Czar
Ezekiel Emanuel (Jew)
Ambassador-at-large
Richard Haass (Jew)
Chief of Staff to Vice President Biden
Ron Klain (Jew)
Deputy Secretaries of State
Jacob Lew (Jew)
James Steinberg (Jew)
Deputy White House Chief of Staff
Mona Sutphen (Jew)
Federal Trade Commission
Chairman, Jon Leibowitz (Jew)
Food and Drug Administration
Commissioner, Dr. Margaret Hamburg (Jew)
collazo said,
November 19, 2010 @ 12:42 pm
The Federal Reserve System is divided into two parts: the Federal Reserve Board of Governors, located in Washington DC, and the Federal Reserve District Banks, located throughout the United States. All seven (7) of the board members are Jewish. This is a numerical representation of 100%. Why is this important? It’s important because Jews only constitute about 2% of the United States population. So the odds that all seven members of the Federal Reserve Board of Governors would be Jewish are infinitesimally small.
Joseph Miller said,
September 2, 2012 @ 7:17 am
Some excellent info there Collazo… well done!
Joseph Miller said,
September 2, 2012 @ 7:03 am
Well said, Russ
Benz Sudta, Thailand said,
August 30, 2010 @ 5:56 pm
The book of Nial Ferguson may be any guide for assessing the wealth of Rothschild dynasty. In his book ” The Ascent of Money” gave some hints in the second chapter “The Human Bondage”. The estimated wealth in form of total assets of Rothschild financial empire amid the rise of British Empire may be 1% of world GDP that time.
I remembered that Ferguson wrote that the total assets of Rothschild financial empire that time was about 3% of British economy. And that century (19th century) the British economy accounted for 1/3 of global economy and largest in the world.
And that time the Rothschild controlled the banking system, forex dealing market (in form of gold dealer) and the European government bond market. And as government banker, they had ability to control national fiscal resources across Europe. So, they had the influence on public policy too. In Birtain, the Rothschild controlled over 50% of market share in bond underwriting market while the had monopoly power as a single bond underwriter for Belgium government according to Ferguson.
May be the absolute power to control government finance that help Rothschild builds huge base of wealth.
Joseph Miller said,
September 2, 2012 @ 7:06 am
Reading Niall Ferguson’s book now. Good points Benz. But most people simply don’t realize the reach of the Rothschild tentacles.
ben said,
September 21, 2010 @ 1:10 pm
I bought Cureency War 2
basically, the story is right.
but I feel it is missing something.
Tech is future key, the book said something before, but lack view of future.
THE HYPOCRITE is only a very little part of the world.
the world is more complicated that.
11kimsa said,
October 4, 2010 @ 12:35 am
Thanks for telling me the news about the new book currency war 2, Ben!
I’d better check the book out 🙂
Hashmat Moslih said,
October 7, 2010 @ 9:04 pm
It is amazing how quickly a book is called conspiracy yet the war on Iraq was called nothing more than inelegance failure.
When I think of such minds I see war as inevitable. Such people are shameless, immoral unethical.
Everything is dismissed as conspiracy theory.
It is said that the greatest trick that Satan pulled on people was to convince them he does not exist.
11kimsa said,
October 7, 2010 @ 11:27 pm
Well, there are many ‘conspiracy’ theories that are based on false facts, however, I think it is okay to believe in theories that are actually based on solid and believable evidence. However, you must always be alert what the intention or the purpose of the conspiracy theory is. Some conspiracy theories, such as the theory that the NASA is trying to conceal the existence of aliens and UFO’s, are most of the time false. Some people even fabricate theories just to get lots of attention from media.
channy said,
July 11, 2011 @ 4:24 am
lets just say the most important conspiracys are dismissed as conspiracy. these are issues to do with power, control etc. stuff like nasa hiding existance of aliens, well i agree thats just bluffing.
regardig people fabricating theories to get media attention…just remember = who owns the media?
its all about control of the mind and like the guy said above the greatest trick satan pulled is to convince he doesnt exist.
the fact is we live in a fallen world and no amount of alcohol, sex, drugs, internet, can hide us away from that reality.
the only way is to accept this fallen world and shine as brightly and honestly as we can without knowingly be perverted by it. after all, we are IN this world, but none of us are OF it.
heed my words. its no conspiracy.
Joseph Miller said,
September 2, 2012 @ 7:15 am
But, 11kimsa… there are many theories that were called conspiracy theory’s that ultimately proved to have been true. The strength of the Rothschild’s and the other 13 or so families that have wealth of this magnitude is that they are able to remain obscured behind holding companies and corporations. They also have a permanent source of leveraged wealth in ownerships of the “Federal Reserve” or its equivalent in nearly every country in the World. I think there are only 3 countries without Rothschild Banks…. ah yes… before 9/11 only Iran and Afghanistan did not have Rothschild Banks. Don’t be diverted by UFO’s and stories of hatred of the Jewish Community fueling these Conspiracies…. these are false paths. False Flags.
frederic said,
October 11, 2010 @ 10:51 pm
I have not yet read this book.
I believe you can find this book at popular book store in bras basah complex.
Check it out
Michael, Zhang said,
October 16, 2010 @ 1:22 am
Dear Mr. Song,
I recommanded one of my Argentina friends to read your “currency war”, but how can I get the English version? pls tell me.
Thanks and regards,
Michael.
11kimsa said,
October 17, 2010 @ 7:26 pm
Hi, I am sorry but you cannot get the English version of this book. It is very unfortunate that this book is not translated in English. It may be because the book was originally aimed at the Chinese readers. This book does contain some Chinese nationalistic perspective towards currency and economy. Many American readers would be offended if they were to read this book, I think.
By the way, I am not the writer of this book. I am just a blogger writing my opinion on this book.
donkeykong said,
October 26, 2010 @ 12:33 am
nice summary thx
frankie said,
October 29, 2010 @ 4:25 am
i just have a short question guys:
are all these swastikas next to the names really necessary?
Please do me a favor and take them out, otherwise this whole thread could easily be misunderstood, which would be a shame.
Thanks.
channy said,
July 11, 2011 @ 4:26 am
if you have a problem with swastikas you have been brainwashed by zionist symbol perversion. swastikas are originally buddhist in design and to asians are peaceful. so unless you are a troll trying to kick up trouble i suggest you stop reading this blog
Paul said,
November 11, 2010 @ 10:04 am
I really like your post that summarises Currency Wars by Song and introduces this great book to English readers. When I read this book in 2007, it attracted and surprised me A LOT. I kept asking the question “is it true or not?”. Till now, I haven’t found a definite answer. To me, the “conspirancy” can be true and I better keep skeptical. Common senses tell me that a family such as Rothschilds usually experiences rise and fall. I’d rather believe today, Rothschilds fell but other “evil” bankers or family of bankers rouse and took over the monetary power of the world. And I disagree with Song’s cure of using gold to replace RMB for China, because if this is to be done, it should be done internationally, not China alone.
Sharon said,
November 19, 2010 @ 12:18 pm
And according to the website I linked above, $6 billion in 1913 would be equivalent to $1.9 trillion today!!
In 2005, $6,000,000,000.00 from 1850 is worth:
$149,106,382,978.72 using the Consumer Price Index
$115,649,484,536.08 using the GDP deflator
$1,143,272,727,272.73 using the unskilled wage
$2,294,105,866,183.17 using the nominal GDP per capita
$29,266,640,625,000.00 using the relative share of GDP
The Rothschilds have a history of funding both sides in a war. After all, it’s the most profitable business out there. They like to bankrupt countries and then lend them gold and set up central banking control to rule over the proles.
Rothschilds. This Banking family is Jewish (Their real name was Meyer) who control ALL the Central Banks (money supplies) of virtually ALL the countries in the world. They are shareholders in the Federal Reserve, Bank of England, Bank of Canada, Bank of Australia & new Zealand, and who know what else, Shareholders of the Bank of International Settlements, the World Bank, & the IMF.
here are now only 5 nations on the world left without a Rothschild controlled central bank: Iran; North Korea; Sudan; Cuba; and Libya.
ALL OF THEM ARE LISTED AS THE AXIS OF EVIL BY GEORGE W. BUSH! LOOK WHO IS CALLING THE KETTLE BLACK!
WE WILL BE IN IRAN VERY SOON FOLKS SO THAT THESE NAZI JEW BANKERS OF THE ROTHCHILDS CAN THEN CONTROL IRAN AND SYRIA WITH THIS EVIL BANKING SYSTEM THE FEDERAL RESERVE. AS WELL AS GAIN ALL THE OIL PROFITS. THIS IS THE SAME ILLEGAL BANKING SYSTEM WE HAVE IN AMERICA DRAINING OUR FINANCIAL RESOURCES NOW. IT IS TOTALLY ILLEGAL AND JFK WAS MURDERED BY THESE EVIL BANKERS TRYING TO CHANGE IT
I.E., “On June 4th President John F. Kennedy (the 35th President of the United States 1961 – 1963) signs Executive Order 11110 which returned to the U.S. government the power to issue currency, without going through the Rosthchilds owned Federal Reserve.” THIS EXECUTIVE ORDER AMERICA IS STILL IN AFFECT BUT NO PRESIDENT HAS THE BALLS TO ENFORCE IT FOR FEAR THEY TOO WILL BE ASSASSINATED LIKE JFK AND LINCOLN
collazo said,
November 19, 2010 @ 12:27 pm
George W. Bush lied us into two evil wars of aggression for the benefit of Israel and the Jewish war profiteers on Wall Street and the banks.
We are the victims of Jewish aggression. We must remove the Jews from our money or we will die, and soon. Now, of course, the Jews cannot let go of our veins, arteries and bank accounts. It would be against their religion, the control of all money. We must pry them loose.
Abraham Lincoln was half Jewish and a member of the Rothschild family by blood. His father was A. A. Spring (real name Springstein). The Zionist Occupation govt. was brought into America under Lincoln’s rule. He was conceived in Lincolnton.
In World War II, the JEWS Declared War AGAINST Germany – NOT the other way around, as we have been propagandized to believe! The three main leaders of the allies, U.S. President Franklin Delano Roosevelt, British Prime Minister Winston Churchill, and the leader of the U.S.S.R., Joseph Stalin, WERE ALL JEWISH! England bombed Germany SIX times BEFORE Germany retaliated.
Obama is a puppet for jews.
11kimsa said,
November 19, 2010 @ 11:04 pm
haha you’re so racist. You’re a puppet for KKK
Rob said,
December 2, 2010 @ 7:12 am
Interesting sounding book and to be a best seller in China. May I suggest for anyone out there studying the Global debt-based finance system checkout ‘The Web Of Debt’ by Ellen Hodgson Brown. http://www.webofdebt.com. Rothschild’s original family name was Bauer not Meyer as Sharon said. The original Frankfurt Rothschild who changed his name was Mayer Amschel Bauer a ‘moneylender’. Ms Hodgson Brown covers the Rothschild history and much much more.
Populisme économique et théorie du complot : une analyse par les biais cognitifs | Open Intelligences said,
December 21, 2010 @ 9:10 pm
[…] Song Xiaojun, Wang Xiaodong et Liu Yang et surtout celui de Song Hongbing : Paru en 2007, Currency war a été un best-seller en Chine et s’est vendu à 200 000 exemplaires. […]
The 2011 World Economy and Future Forum in korea said,
March 9, 2011 @ 9:33 pm
[…] Computer, Inc. (now Apple Inc.), Biz stone, a co-founder and Creative Director of Twitter, Inc, Song Hongbing, the author of Currency Wars., Sagong Il, Chairman of South Korea's G20 Summit’s Presidential […]
Paul said,
August 11, 2011 @ 1:06 am
I am impressed with the book and the historical documentation. I am not impressed that the string of blog comments are about the calculation of individual versus group wealth–really?
The shocking thing here is that the least talented people in the world (bankers/financiers) take a ride on the backs of the builders for simply having leveraged government and sovereign nations to allow their private central banks control over the issuance or credit and currency for their nations, absurd!
Ask yourself what nations control and print their own currency?
The definition of a nations currency is the current and future prosperity of that nation —which is the property of the people of that nation–not to be awarded and entrusted to a private corporation.
Do you think a private corporation with no oversight will do what is best for humanity—if so you and all that subscribe to such a system are the greatest of religious fanatics, at least religious fanatics place faith in the divine whilst you place faith in flawed humanity.
Bill Gates wealth would have to be “cash in hand” wealth in which I do not think he would come close–although I am sure the Rothchilds could issue him credit to cover him until he could come liquid.
kelana said,
August 22, 2011 @ 7:10 pm
Here’s a clumsy yet quite readable English translation (153kb)
grab it here: http://mir.cr/0MF3XIFO
john said,
December 28, 2011 @ 10:31 am
thanks
Forex said,
March 19, 2012 @ 5:21 am
May I simply just say what a relief to find somebody that truly knows what they’re discussing on the internet. You certainly know how to bring an issue to light and make it important. A lot more people need to read this and understand this side of the story. It’s surprising you are not more popular since you definitely possess the gift.
chinese said,
May 3, 2012 @ 4:25 am
解救水深火熱中的世界人民，中國人民深感責任重大，我沒不能放鬆對貨幣的控制，如果匯率自由浮動了，然後人民幣不受限制的自由兌換，那麼資本的力量一來一回間中國所有的外匯全都消失了，國家欠上永遠也換不清的錢。貨幣不應該作為投機物品。貨幣的匯款本就是該固定的。
calvinms said,
July 26, 2012 @ 5:38 pm
hi, thanks for the book review. this book sounds interesting too bad there is no english version yet.
11kimsa said,
July 26, 2012 @ 6:19 pm
Well, there is a book called “Currency Wars: The Making of the Next Global Crisis,” which is written by another author named James Rickards. I think it will have the same topic discussed in the Song Hongbing’s book but with American perspective. What I found the Chinese version to be interesting was their unique nationalistic view on the global economy. Too bad there isn’t any translation version of this book. But I think you’ll get the same lesson in the book written by the American author :p
Ben Steigmann said,
February 14, 2013 @ 11:46 am
Here Phillippe de Rothschild admits that his family is the “richest and most powerful family in the world”: http://www.scribd.com/doc/124350489/A-Rothschild-Confession
I would like to bring up the recordings of the recent 4th World wilderness Congress that preceded the 1992 Earth Summit. Here people like you and I are called “the cannon fodder, unfortunately, that populates the Earth”. And a banking system set up by and for the Rothschilds is shown to be the centerpiece of the new mode of organization that “sustainability” measures will create. The attendees (like Maurice Strong) have no qualms about acknowledging the dominance of that family in World Affairs. Strong states that there is “no better person” to spearhead this project than Edmund Leopold de Rothschild, and that he (Rothschild) “epitomizes in his own life that positive synthesis between environment and conservation on the one hand and economics on the other”: http://www.youtube.com/watch?v=JUdgiehz9dU
The following overview notes what this would metastasize into, that “The 4th WWC introduced the concept of a World Conservation Bank, leading to the formation of the The Global Environment Facility (GEF) of the World Bank.”: http://wild10.org/en/about/accomplishments
We can see the outlines of these proposals being promoted at the present time. In a document called “Trading Emissions: Full Global Potential” (London: The Social Market Foundation, January 2008: http://www.smf.co.uk/assets/files/publications/SMF_Trading_Emissions.pdf) – written by Simon Linnett, Executive Vice Chairman of N.M. Rothschild, London (see “about the author” section of that document). In the document, he defines “greenhouse emissions” as the new form of “social market” and states: “That such a market has to be established on a world basis coordinated by an international institution with a constitution to match…. That, perhaps, it might be regarded as having wider benefits than merely `saving the planet’ – perhaps it might be the basis of a new world order, one that is not based on trade and/or conflict resolution. Perhaps one can see a way to achieve this goal through leadership, vision and some marginal and manageable renunciation of national sovereignty, how the world might just get there. The repercussions of addressing climate change may extend well beyond that single but critical issue…. Implicit in all the above is that nations have to be prepared to subordinate, to a certain extent, some element of their sovereignty to this world initiative.” He notes that “The political costs of such loss of sovereignty are lengthy. Loss of competitiveness (massively overstated in the activities in which energy is used – especially since trade will be more difficult, if, at the margin, transport is made more costly), loss of power and loss of direct control over economic levers are potentially the most significant and give the most cause for concern. But these actions are necessary if we are to answer the accusation that “it doesn’t matter what we do when China is expanding its energy usage at its current rate” – we have to bring China and India in and they are not going to enter a scheme where they do not have a “say”. When countries are already foregoing the right of direct control over monetary policy through the creation of independent central banks, this [the above] could be a relatively small price to pay for such inclusion.” He furthermore states that “The EU member states have recognised their need to subordinate sovereignty to the EU; in time, if this is to work, the EU itself will need to yield sovereignty to a bigger world body on carbon trading.” He states “Above all, this plan requires “sponsors” – a country prepared to host it and a senior politician prepared to lead this new initiative. If such a route map could be found, then perhaps we might be at the beginning of a new world constitution and a new world order.” He states that regulating this should be a “World Environment Authority” operating from a “world city with world skills and world facilities.” He then notes, in a section entitled “A natural role for London”, “London is a world financial centre (possibly “the” world financial centre).” and that “London would make a compelling case to house the World Environmental Agency.”
Documents retrieved from the congress from which audio of Edmund de Rothschild was taken state the following (in the introductory email, I endorsed Mullins – an endorsement which I redact because he is such a problematic source, but I stand behind everything else in the email prefacing the document. The document itself gives insight into the accumulated degeneracy of the elite of the world at present): http://archive.org/download/GeorgeHuntUncedEarthSummit1992cobdenClubsPapersaldousHuxleythe_125/1-1-the-cobdenClubsPapers.pdf Excerpts are as follows: “The time is pressing. The Club of Rome was founded in 1968, Limits to Growth was written in 1971, Global 2000 was written in 1979, but insufficient progress has been made in population reduction. Given global instabilities, including those of the former Soviet bloc, the need for firm control of world technology, weaponry, and resources, is absolutely mandatory. The immediate reduction of world population, according to the mid-1970’s recommendation of the Draper Fund, must be immediately affected. The present vast overpopulation, now far beyond the world carrying capacity, cannot be answered by future reductions in the birth rate due to contraception, sterilization and abortion, but must be met in the present by the reduction of numbers presently existing. This must be done by whatever means necessary. … Compulsory cooperation is not debatable with 166 nations, most of whose leaders are irresolute, conditioned by localist “cultures” and lacking the appropriate notions of the New World Order. Debate only means delay and forfeiture of our goals and purpose. The UN action against Iraq proves conclusively that resolute action on our part can sway other leaders to go along with the necessary program. The Iraq action proves that the aura of power can be projected and sustained and that the wave of history is sweeping forward. … We are the living sponsors of the great Cecil Rhodes will of 1877 … We stand with Lord Milner’s credo. We too are “British Race Patriots” and our patriotism is “the speech, the tradition, the principles, the aspirations of the British Race”. Do you fear to take this stand, at the very last moment when this purpose can be realized? do you not see that failure now, is to be pulled down by the billions of Lilliputians of lesser race who care little or nothing for the Anglo-Saxon system? …The Security Council of the UN, led by the Anglo-American Major Nation Powers, will decree that, henceforth, all nations have quotas for REDUCTION on a yearly basis, which will be enforced by the Security Council by selective or total embargo of credit, food, medicine or military force, when required. … outmoded notions of sovereignty will be discarded and the Security Council has complete legal, military and economic jurisdiction in any region in the world, to be enforced by the Major Nations of the Security Council. The Security Council of the U.N. will explain that not all races are equal, nor should they be. Those races proven superior by superior achievements ought to rule the lesser races, caring for them on sufferance that they cooperate with the Security Council. … All could be lost if opposition by minor races is tolerated and the vacillations of those we work with, our closest comrades, is cause for our hesitations. Open declaration of intent followed by decisive force is the final solution.”
I have written an essay on the Rothschilds here: http://archive.org/details/SummaryOfRothschildPower
I unfortunately don’t know mandarin. However, I feel that this issue is of utmost importance.
If you or song could send me all relevant references to the rothschilds in english, this would be very much appreciated.
My email is blissentia@gmail.com
Halina said,
July 18, 2013 @ 11:00 pm
There is Polish translation of the book fortunately and indeed book is excellet and uncovers details of how Banks and Goverments steal and manipulate us
David Murgia said,
January 30, 2014 @ 1:51 am
I am looking an English version of Song Hong Bing Book ( Currency War ) could anyone help me to find one, Thanks for your kind assistance, much appreciated, David
asm said,
March 13, 2014 @ 7:21 am
Book debunked: http://en.wikipedia.org/wiki/Currency_Wars
AGKay said,
May 6, 2014 @ 3:56 pm
I don’t know if anyone has mentioned it but apparently this book is a famous in China and it is read by a lot of senior politians over there as well as the general populas. Regardless of what people here in the west think, important people in the east clearly listen to this and take it seriously. they are way better educated then us (not just academically) and when we look at the history of this subject and dismis it as “conspiracy theory” they probably laugh at our ignorance.