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Thu Aug 9, 2018, 10:14 PM

Rothschild Worried About New World Economic Order

Published time: 9 Aug, 2018 07:15
Edited time: 9 Aug, 2018 09:02


Jacob Rothschild has voiced concern about the global financial system that was established after WWII. The billionaire banker points to the US-China trade war and eurozone crisis as the key problems putting economic order at risk.

“In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order,” Rothschild warned in his investment trust's half-year results commentary.

In economics, the post-war order is usually refers to a monetary management system which led to a rise of the US dollar as a dominant currency.

“In the circumstances our policy is to maintain our limited exposure to quoted equities and to enter into new commitments with great caution,” Rothschild added.

Rothschild’s RIT Capital investment has a historically low 47 percent exposure to the stock market. The banking dynasty is concerned that the 10-year stock market rally could be ending.

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https://www.rt.com/business/435490-rothschild-new-world-order-stability/

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