"The name of Rothschild means more than the firm. It means ALL JEWDOM SO FAR AS THE STOCK EXCHANGE is concerned; for only with the help of compatriots could the Rothschilds have reached their position of power — which dominates all others and obtain ENTIRE MASTERY OF THE STOCK EXCHANGE. In order to obtain command of the stock exchange and the money market all possible means were utilized. The Rothschilds practiced stock jobbing in the narrower sense which the French attach to the word. They employed the expedient of artificially influencing the market by creating a favorable atmosphere. The capitalist movement reached its highest point in the speculation banks. By means of loaning speculative securities, banks are placed in a position, by acquiring other securities at a cheap price, to create the impression that money is plentiful and is accompanied by a desire to buy. Thus power of creating an upward movement in prices is easily acquired — and this power can be reversed just as easily to depress prices by depreciating the store of available securities. The great banks, accordingly, hold the handle which controls the machine called the stock exchange. And the heads of the banks tend more and more TO BECOME ENTIRE MASTERS OF ECONOMIC LIFE."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Academics from GermanyEconomists from GermanySociologists from GermanyHistorians from GermanySocialists from Germany
Original Language: English
Available Languages (1)
Sources
Jews & Modern Capitalism, 1913. See I Testify Against the Jews by Robert Edward Edmondson. Sons Of Liberty, 3rd ed., 1985.
https://en.wikiquote.org/wiki/Werner_Sombart
Revision History
No revisions have been submitted for this quote.
Categories
Werner Sombart
1863 – 1941
deutscher Soziologe und Ökonom
6 quotes on TrueQuotesView all quotes by Werner Sombart →
Related Quotes
"Capitalism was born from the money loan. Money lending contains the root idea of capitalism. Turn to the pages of the…"
"In the face of this fact, is there not some justification for the opinion that the United States owe their very exist…"
"Humanity without Nationality is empty, nationality without humanity is blind."
"The rejection of concern for practical goals expressed in the German Society for Sociology's founding charter represe…"
"Aus dem Wald ist alle europäische Kultur, die geistige nicht minder als die materielle, hervorgegangen."
"Der lange Marsch durch die Institutionen."
"The strongest argument for the truth of Christianity is the true Christian, the man filled with the Spirit of Christ.…"
"What Christianity in her antagonism with every form of unbelief most needs is holy living."
"In character he was amiable and virtuous."
"The God, who made earth's iron, would create no slave; therefore he gave the sabre, the sword, and the spear, for man…"