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By: <\/em>Isaac Davis<\/a>\/Waking\u00a0Times<\/a> A recent report by Oxfam International<\/a> highlights the dramatic rise in income equality by noting that the combined wealth of the world\u2019s top 8 individual billionaires is\u00a0more than the lower half\u00a0of the world\u2019s population, some 3.6 billion people. The intention of the report was to bring awareness to the unfairness and injustice inherent in our global economic system.<\/p>\n \u201cIt calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.\u201d [Oxfam<\/a>]<\/em><\/p><\/blockquote>\n Listed below are the 8 billionaires along with their estimated wealth, which combined equals $426.2 billion.<\/p>\n Oxfam\u2019s\u00a0assertion is that world economies are mismanaged in favor of the wealthy, which is largely true, however, the report failed to hit the mark on this serious issue by\u00a0not acknowledging the greatest problem with the world\u2019s economy, which is the global central banking model of privately owned debt-based fiat currencies.<\/strong><\/p>\n The current banking model is the product of hundreds of years of planned development, structuring, manipulation, force and trickery which began in earnest with Mayer Amschel Rothschild, who first established banking and finance houses in Germany\u00a0in the 18th century.<\/p>\n The careful cultivation of his wealth with the assistance of his five sons allowed Rothschild to profit immensely during the French Revolution by providing financing and war materials to Austria, which in turn allowed the budding family empire to evolve into a multi-national organization, henceforth becoming a major financier of industry and war.<\/p>\n \u201cAround that time, Rothschild sent his five sons to live in the capital cities of various European countries. His goal was to have each of his children establish a banking business in Frankfurt, Naples, Vienna, Paris, and London, and throughout the 1800s, they did. With Mayer Rothschild\u2019s children spread across Europe, the Rothschilds became the first bank to transcend borders. Lending to governments to finance war operations for the past several centuries provided ample opportunity to accumulate bonds<\/a> and shore up additional wealth in a range of different industries.\u201d [Source<\/a>]<\/em><\/p><\/blockquote>\n <\/p>\n Fast forward to 2016, the Rothschild family is a dynasty of unimaginable wealth which manages to somehow conceal it for the most part, never quite being publicly credited\u00a0as the richest and most influential family in the world. By dividing their capital and\u00a0holdings up amongst the many members of the family, including numerous descendants and heirs, occasionally a single member of the family will appear on a list of the world\u2019s top individuals, however, the family as a whole represents the largest fortune ever known.<\/p>\n \u201cTraditionally, the Rothschild fortune is invested in closely held corporations<\/a>. Most family members are employed by these corporations directly or invested in operations that generate family wealth. The remarkable success of the family has largely been due to a strong interest in cooperation, being entrepreneurs and the practice of shrewd business principles.\u201d [Source<\/a>]<\/em><\/p><\/blockquote>\n Investopedia estimates the family\u2019s total wealth at over $2 trillion in assets and holdings, including some of the world\u2019s oldest living corporations:<\/p>\n \u201c\u2026their holdings span a number of diverse industries, including financial services, real estate, mining, energy and even charitable work.There are a few Rothschild-owned financial institutions still operating in Europe, including N M Rothschild & Sons Ltd in the United Kingdom, and Edmond de Rothschild Group in Switzerland. The family also owns more than a dozen wineries in North America, Europe, South America, South Africa and Australia.\u201d [Source<\/a>]<\/em><\/p><\/blockquote>\n At $2 trillion plus, the family\u2019s reported wealth is closing in on\u00a0five times as much as the combined wealth of the world\u2019s top 8 individual billionaires, meaning that the Rothschild family alone controls\u00a0more wealth than perhaps three-fourths or more of the world\u2019s total population.<\/p>\n What are your thoughts?\u00a0<\/em>Please share, like, and comment on this article!<\/strong><\/p>\n This article (<\/em>Rothschild Family Wealth Is Five Times That Of World’s Top Billionaires Combined<\/a>)<\/em>\u00a0by Isaac Davis<\/em><\/a>\u00a0is free and open source. You have permission to republish this article under a Creative Commons<\/em><\/a> license with attribution to the author and Waking\u00a0Times<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" By: Isaac Davis\/Waking\u00a0Times A recent report by Oxfam International highlights the dramatic rise in income equality by noting that the combined wealth of the world\u2019s top 8 individual billionaires is\u00a0more…<\/p>\n","protected":false},"author":1819,"featured_media":79696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[44,66,3],"tags":[1261,1784,1794,4691],"yoast_head":"\n\n
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