Chapter 7 5. James conquers France

When a government relies on bankers for their money, they (the bankers) are in control, not the leaders of the government, because the hand that gives money is always higher than the hand that takes it.Money has no country, and financiers do not know what is patriotic and noble, and their only purpose is to make a profit.Napoleon, 1815 The old Rothschild's fifth brother, James, mainly traveled between London and Paris during Napoleon's reign, establishing a family transportation network to smuggle British goods.James rose to fame in France after helping Wellington deliver gold and the gilt takeover battle.He established the Rothschild Bank of Paris and secretly financed the Spanish Revolution.

After the defeat of Waterloo in 1817, France lost a large area of ​​territory gained in the Napoleonic Wars, and was limited to being surrounded politically, and its national economy was also in decline.The government of Louis XVIII borrowed money everywhere, hoping to gradually gain a foothold financially.James resented that a French bank and the British Barings Bank had received huge government financing projects, while the prestigious Rothschild Bank had lost its name. By 1818, the French government, reaping the benefits of government bonds issued the previous year in Paris and other European cities, wanted to raise money from the two banks.The Rothschild brothers tried everything but could not get any benefit.It turned out that the French aristocrats thought that the Rothschilds were just a bunch of bumpkin nouveau riche, and they were unwilling to do business with them.Although James is rich and powerful in Paris, with luxurious mansions and fine clothes, his social status is not high. The arrogance of the French nobles makes James angry.

He and several other brothers immediately began to plan to subdue the French nobles.The French nobles were arrogant but not smart, and even underestimated the outstanding financial strategies and tactics of the Rothschild family. Their ability to strategize and win thousands of miles was no less than Napoleon's military accomplishments. On November 15, 1818, French government bonds, which had been steadily rising in value, suddenly began to fall in price rather unusually.Soon, other government bonds also began to be affected, and prices fell to varying degrees.Investors in the market began to talk about it.As the days went on, instead of getting better, things got worse.The discussion in the exchange gradually turned into rumors. Some people said that Napoleon might rise to power again, others said that the government's fiscal revenue was not enough to repay the interest, and some people worried about a new war.

Louis XVIII's court is also quite tense. If the bond continues to decline sharply, the government will not be able to raise future expenditures.The faces of the proud nobles were also full of sorrow, and everyone was worried about the future of the country.Only two people looked on coldly, they were James and his brother Carl. Due to the lessons learned from Britain, some people gradually began to suspect that the Rothschild family was manipulating the bond market.That's exactly what happened.Beginning in October 1818, the Rothschild family began to use their strong financial resources as a backing to quietly purchase French bonds in major European cities, and French bonds gradually appreciated in value.Then, starting from November 5th, French bonds were suddenly and massively sold all over Europe at the same time, causing great panic in the market.

When he watched his bond prices slide into the abyss like a free fall, Louis XVIII felt that his crown was gone with it.At this time, the agent of the Rothschild family in the court suggested to the king, why not let the wealthy Rothschild Bank try to save the situation.The restless Louis XVIII could no longer talk about his royal status, and immediately summoned Brother James.The atmosphere of the Elysee Palace changed, and the James brothers who had been neglected for a long time were greeted with smiling faces and respect everywhere. Sure enough, the James brothers stopped the bond collapse as soon as they made a move. They became the center of attention in France. After the French military was defeated, they were the ones who saved France from the economic crisis!Compliments and flowers enchanted the James brothers, and their clothes became fashions.Their banks became places where people scrambled for loans.

The Rothschilds completely controlled French finance.