Douglas Andrew - Cornelius Vanderbilt vs Amschel Rothschild

[BrooklynNYC777]

he is dropping big big big wisdom.

[onstageagain]

Our days are numbered... weather you think so or not...

One of the most interesting stories I've ever seen about this man and his cohorts ... On the Hal Lindsey Report... right here in You Tube... Check this out... Just not believable.

[dankeewolnir4042]

nice. this guy is as sharp and cunning as he looks. He conveniently left out the scandals. The only way to be as rich as those type families is to play ball with them and they swing the big bats, so if you cant get- i mean BE dirty, then you cant be that rich. The vanderbilts were smothered out of their influence to a great extent, but the scandals of both families are probably uncountable and unknown at this point. The one minor small point this guy makes with inheritance is relevant though.

[migu9999]

Rothschild family have 500 trillion dollars, federal reserve is one of his banks, they own all the central banks in the world....and yes with T trillions, the profit is from wars, oil and taxes around the world...

[MerlinsJester]

4:34 Wow. That's rather cold and mercenary of Rothschild. I'm not sure he's financially smarter than Vanderbilt, because he strapped his children and grandchildren and so-on with this system that could be biased or misconstrued. Who holds the purse strings? The second and third rules were just too weird and unapplicable to modern society. No family functions like a bank. Ergo, Rothschild was an idiot and Vanderbilt didn't give his successors a foot up(mainly because he worked his way up).

[MerlinsJester]

2:32 Um,

A: 1 million was still a pretty big amount back then,

B: He founded the place. He didn't need to do more than he did, but he did. Also, he spearheaded public transportation, so I wouldn't call him a miser or non-philanthropic.

3:24 What he meant by that was in the same vein as "what is worth something your never earned?"

[MerlinsJester]

@randommental And I wish I had a bigger slinky. But life doesn't work like that, and economics isn't about intentions...

[MerlinsJester]

@randommental Oh, wonderful; an idealistic snark...

[PeaceEternal]

That is genius.

[MerlinsJester]

It's not. It's medieval economics with a doily on it. This isn't even close to financial genius.

[redletterchurch]

Maybe most estates should go to worthy charity. It would probably make the survivors angry...but most of the time they end up fighting over the left loot anyway! I know a lot of people love to hate the elites, but they may be the key to beginning to right the wrongs in the world. Think of the good they could do with their wealth and influence if it was rightly directed. Some, if not most, of this wealth was probably ill-gotten, but if that cycle is broken...much good could result. Pray for them.

[circusboy90210]

well what if the person had worked so hard to provide for his future generations so they would not have to suffer like he/she did. That's the whole purpose of inheritance. To provide inertia for future generations.

[redletterchurch]

circusboy 90210: Maybe you're right. Besides, it keeps the lawyers busy and rich when the survivors fight.

[circusboy90210]

you should not have to fight the Gov. who is trying to keep upwards to 70% of what was allready taxed on the persons income when he/she was alive saving it to gift to the next generation. Either way you lose. :(((( What's the difference between a lawyer & a shark? ????????Sharks have ethics. ;-)

[redletterchurch]

circusboy: Question: What's the difference between road-kill and a dead lawyer? Answer: There's skid-marks in front of the road-kill!

[circusboy90210]

what do you call 1,000 dead lawyers??? A good start ;-)

[redletterchurch]

Socialize the legal profession. Randomly assign lawyers to various cases, and pay a set fee for a given type of case. If the case drags on...the lawyer gets less pay per hour. If the case is settled quickly they get paid more per hour. No more clogged courts! No more lawyers living in the Hamptons! The legal system should be about right and wrong...not about who has the most money to buy the best lawyers to subvert justice...

[8dontworry8]

how the hell do we stop these bastards? stop getting loans? stop watching the news?stop listening to radio? stop everything otherwise were fucked

[virgojeep1]

Amschel isn't the reason for Rothschild wealth. His son Nathan bought all the stocks in London dirt cheap during the war between england and Napoleon because the British believed that Napoleon was winning. When they found out Napoleon lost then Nathan was left holding all the stock and their wealth skyrocketed.

[mountain19]

MOST WEALTH IS BASED ON DECEIT.

[latinlover534]

virgojeep1: this is true.

there is no vanderbilt v. rothschild... rothschilds are bosses of the vanderbilts and rockerfellers and all the other wealthy families of the world, including the bushes and morgans, among many others...

the personal "counselour" to queen elizabeth II (head of a family who is the only ENTITY more powerful and rich than the rothschilds) is the head of the rothschilds themselves... so it comes down to the ENTIRE WORLD being under the rule of the brittish royal family.

[88wealth]

This is true - what a revelation.

[AMAR4200]

u people just cant stand the facts that jews are smarter then yall

[YouBumAssNigga]

its easy for them to make money if their holy book the talmud teaches them its ok to lie and cheat and steal from a gentile.

[mountain19]

IS THIS THE TIME TO CAUSE DISCORD?

[youngseandunn]

*than

[AMAR4200]

what a fuckin asshole

[88wealth]

Your ignorance is astounding - use your listening ears and thinking brain.

[TheGeneralPro]

wtf..

[trollfinger]

the root of all evil ? hardly, more like the poeple who make it are the root of all evil.

[Dionysius9]

If I loaned you $100 asking you to pay 5% interest, and I am the only source of legal tender in the country, where is the $5 interest payment going to come from? The only way to satisfy me for now is if you borrow more money! Then you're in debt more later on. This is how the Federal Reserve works, and why the national debt is $9 trillion. See Google Video "Money as Debt".

[dsyd2]

Except when the Fed gives $100 to banks, banks can lend out $1000 due to the system of fractional reserve banking, which at a rate of 5% on the loan actually works out as 50% interest profited by the bank.

[lakid87]

@Dionysius9 haha...9 trillion....the US wishes it had 9 trillion dollar debt

[hiroyukil33t]

Yeah right it flourished because of that...not for the opium smuggling and the numerous panics and stock market crashs in Britain and America!

[flyingbagz]

You're missing the point of the story. It's not that you need half the world's wealth to leave a legacy. Rather, there is a better way to pass wealth on to heirs that will be more beneficial than just gifting it.

[bouchsox]

Is this guy serious? Of course it would be good to set up an estate like the Rothschilds, but nobody has that kind of capital. Owning half the world's wealth at one time is a good way to set up a family dynasty.

[erenehan]

Cornelius Vanderbilt did NOT divide his $105 million estate. Quite the contrary. He left more than 95% of it, and ALL the voting stock, to just one son.

[fubecara]

He left $90 Million to William so i guess $15 million to the rest, still sounds like it was divided to me!

[grandcentralterminal]

Thats right, and he doubled the fortune, The daughters husbands were employed nicely.