Lord Jacob Rothschild Warns Of Dangerous International Economy
Lord Jacob Rothschild has warned investors that the world is facing the most dangerous geopolitical situation since the end of the Cols War.
The 78-year-old chairman of Rothschild Bank and RIT Capital, a £2.3bn trust, used the organization’s annual report to caution investors and partners that the focus of the firm would be the preservation of shareholders’ capital and not short term gains through investments.
Rothschild said that “a geopolitical situation perhaps as dangerous as any we have faced since World War II” has created a “difficult economic background” of which investors should be wary.
Rothschild, whose business associates include Bill Gates and Zebigniew Brzezinski, blamed the fraught climate on, “chaos and extremism in the Middle East, Russian aggression and expansion, and a weakened Europe threatened by horrendous unemployment, in no small measure caused by a failure to tackle structural reforms in many of the countries which form part of the European Union”.
Davos Economic Forum during which it was revealed that the wealthy are purchasing secret hideaways in remote locations in order to escape social upheaval and possible riots.
Economist Robert Johnson made headlines when he divulged that “hedge fund managers all over the world….are buying airstrips and farms in places like New Zealand because they think they need a getaway.”
Johnson cited income inequality and the potential for civil unrest and riots as the reason for the panic.