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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLord Rothschild takes £130m bet against the euro
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 the Rothschild 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 euros 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.
http://www.telegraph.co.uk/finance/financialcrisis/9484435/Lord-Rothschild-takes-130m-bet-against-the-euro.html
No doubt small compared with George Soros' position.
orpupilofnature57
(15,472 posts)NWO same as it ever was. http://en.wikipedia.org/wiki/Rothschild_family#Family_overview
Zalatix
(8,994 posts)orpupilofnature57
(15,472 posts)FarCenter
(19,429 posts)Odin2005
(53,521 posts)orpupilofnature57
(15,472 posts)Odin2005
(53,521 posts)Singling the most well know Jewish family in the Super-Rich Club is usually a prelude to the anti-Semitic BS the "End The Fed" Libertarian assholes spew.
orpupilofnature57
(15,472 posts)being Anti-Semitic ,I have been accused of calling the 1% what they are ,the problem.