Last week, I took you through the results of usury beginning with the Roman Empire. We then explored the creation of the Bank of England and contrasted it with the usury free system developed under Napoleon Bonaparte at the turn of the 19th century.
The French Revolution in 1789 left France in bankruptcy, mostly due to over fifty years of wars. This opened the door for one of the greatest commanders in history to rise to power.
Under Napoleon (emperor 1804-15), in the absence of compounding interest from central bankers beyond the borders of France, the country thrived. When Napoleon took over the creation of France’s money, taxes on the citizens of France were dramatically reduced, and he made the French franc the most valuable currency in Europe.
In a similar manner, other countries, one of them Canada, have realized much more vibrant economies as a result of creating their own money, not paying foreign bankers to do it for them (and then charge governments compounding interest for the privilege). In Canada, from 1938 to 1974 (through the Bank of Canada), the country paid for WWII, the Trans Canada Highway, Trans Canada Railroad, the St. Lawrence Seaway, and the Canadian medical system by creating their own money interest-free. Since 1974, however, foreign bankers have been contracted create Canada’s money instead and charged compounded interest. As a result, infrastructure has suffered, the cost of living has risen, and Canadians have been squeezed financially, resulting in the highest household debt in the world. Australia has experienced a similar fate.
In France’s case under Napoleon, the infrastructure was upgraded, with the construction of over 32 thousand kilometres of roads, over 1600 kilometres of canals and bridges, and the expansion of harbours. It was all financed with interest-free money from the Banque de France.
France Upsets the Financial Community
France no longer participated in the London financial markets and this upset the Rothschild family, who were by now entrenched within the Bank of England.
In 1803, England, under the direction of her international bankers (the Rothschilds) provided funds required to Austria, Prussia, Russia, Spain, and Sweden to wage war against Napoleon. Napoleon had simply refused to sign a trade treaty with England the year before.
Napoleon, not having the funds to go up against this coalition, decided to sell Louisiana to the United States and received $3 million in return. There was peace for a couple of years but several years of wars followed that.
At the time in Eurasia, only France and Russia were not under the influence of the Rothschild family (the world’s banksters). Most other European countries were, having borrowed from them to fund the war with France.
As a result, Napoleon made an agreement with Czar Alexander I of Russia to enforce a blockade against England. However, that agreement eventually broke down and Napoleon went to war with Russia in an attempt to get it to enforce the blockade. That was a mistake. Russia retreated and Napoleon, in chasing them into Russia in winter, lost 75% of his army due to the cold and a lack of food and supplies.
Napoleon was eventually defeated at the Battle of Nations in 1813 by the European coalition and bannished to the Island of Elba.
The Battle of Waterloo
The Battle of Waterloo was one of the most important in the history of the modern world and was the catalyst for the unsustainable financial situation we have before us today, because it was the turning point for the Rothschild family and catapulted their fortunes into the stratosphere.
In 1814, Napoleon returned to France and regained control. Without any money, he had no choice but to borrow $5 million from the City of London. The bankers had won.
At the same time, the English led an army put together by “The Seventh Coalition.” The commander in charge was the Duke of Wellington. Napoleon was defeated soundly at the Battle of Waterloo.
In the background moved the Rothschilds. Nathan Rothschild had developed a vast network of gold smugglers throughout Europe and had a courier system that was second to none. In London, Nathan was the first to hear of Napoleon’s defeat—a full twenty-four hours before anyone else.
England’s position in the bond market at this time was rather precarious, as they’d spent so much money trying to defeat Napoleon. Nathan’s visit to his usual chair in the London stock market the next morning was watched by everyone in the room. Dejectedly, he began to sell bonds. It sparked a deluge of selling across the floor.
A short time later, Nathan reversed his call and bought the dominant holding of England’s entire debt, but at a fraction of its real value. When the news of Wellington’s success hit the streets, the trickery became obvious, but it was too late. The Rothschilds had increased their fortune and when he sold the bonds two years later, they were up 40%, amounting to a haul of some $600 million in today’s money.
After the defeat at Waterloo, Napoleon was exiled to the island of St. Helena, where he was poisoned at the age of 51, in 1821. This was most likely the work of the Rothschilds, although it has never been proven.
When Nathan died in 1836, his personal fortune was equivalent to 0.62 percent of the of British national income.
“Between 1818 and 8152, the combined capital of the five Rothschild houses rose from £1.8 million to £9.5 million.” — The Ascent of Money, Niall Ferguson
102 years after the Battle of Waterloo, the economy of Russia would become another victim of gaze of central bankers—through the Russian Revolution, in 1917.
Napoleon was just the start. Next week, we’ll follow the usury of the Rothschilds to the United States and the Federal Reserve.
Here’s the latest daily chart of ES (emini futures)
Above is the daily chart of ES. The full wave up looks to be like a triple three (a combination wave) which is near or at completion. I’ve removed the trendlines as I believe the ending diagonal idea is finally dead.
The final pattern of the triple three is now labelled as a very rare running triangle with a final motive wave as the final thrust wave. There is only one wave out of a triangle in the “fourth wave” position and so for several reasons (mentioned in the video) we’re at a top with perhaps a few more points to go. This would be the top of wave red 3. In high degree wave structures, the thrust out of a triangle can be a blow-off wave, and that certainly seems to be what we got.
Note that the volume is extremely low, which is bearish.
A typical wave red 4 retracement would target the 38% level (2205, based on hitting 2352 on the upside). However, based on the fact that this entire structure looks corrective, wave four may be much smaller than average.
There’s also the consideration of the second waves in USD currencies. We’re currently part-way through in all currency pairs, which suggests a short 4th wave in US indices as they’re all more or less running in tandem to a final top.
The 4th wave will come down in three waves. After we finish the A and B waves, we should be able to project an end to the C wave of the 4th wave. Once we finish the fourth wave , we’ll get a final blow-off wave for the month of March, with a potential top that month or into very early April now.
Here are the path predictions going forward:
- Wave 4 will come down in 3 waves with any of the corrective patterns possibly in play.
- Wave 5 is likely to be an ending diagonal. In any event, it will be in 5 waves (not motive).
Summary: We’re at the top of wave 3 of the final 5 wave pattern, ready to turn down into four with one more very small wave up to a new high. I expect all major US indices to turn this week. The larger wave (4) should come down in 3 waves.
After completing the fourth wave, we’ll have one more wave to go, which could be an ending diagonal as a fifth wave. The long awaited bear market is getting closer.
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