Lord Rothschild takes £130m bet against the euro (w/ “The Money Masters” Full Documentary)

Photo: The Rothschild Coat of Arms. SOURCE Wikipedia Commons (Public Domain)

from The Telegraph (UK)

9:55PM BST 18 Aug 2012

Lord Rothschild has taken a near-£130m bet against the euro as fears continue to grow that the single currency will break up.

The member of the banking dynasty has taken the position through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.

The fact that the former investment banker, a senior member of theRothschild family, has taken such a view will be seen as a further negative for the currency.

The latest omen follows news in The Daily Telegraph late last week that the government of Finland is already preparing for the euro’s break-up.

RIT, which Lord Rothschild has led since 1988, had a -7pc net short position in terms of principal currency exposures on the euro at the end of July, up from -3pc at the end of January. Given a net asset value of £1.836bn at the end of July, the position is worth £128m. . . . Read complete Report

 

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The Money Masters [Full Documentary 3hrs 30 mins]

Uploaded by  on Mar 17, 2011

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