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Top: Jewish Banking& Financial Manipulations

International Banks & Jews Who Founded Them


Gerald Krefetz, A New York City Jewish Person

Author of "Jews and Money: The Myths and the Reality."

Modernbanking... startedin the nineteenth century with the rise of the Houseof Rothschild. They were not the only important Jewish bankersin Europe: indeed, a surprising number of continental banks werefounded by Jews. The old Court Jew had primarily raised moneyfor local rulers to cover his expenses, his personal diplomacy,and his extravagances. The new bankers floated state loans tofinance emerging industries and railroads.

Rothschild Banker/Brothers--Rothschild,Warburg, Oppenheim, Speyer

While the five Rothschild brothers had banks in Frankfort,London, Paris, Vienna, and Naples, Bleichroder in Berlin, Warburgin Hamburg, Oppenheim in Cologne, and Speyer in Frankfort wereoperating their own banking houses. Individual Jews founded banksfrom London (Hambros) to Bombay (Sassoons) to St. Petersburg (Guenzburg),and a number of points in between.

Besides these personal or private banks roughly equivalent tomerchant banks or investment banks today Jews helped to establisha number of important joint stock banks or commercial banks: theDeutsche Bank and the Dresdner Bank, two of Germany's big three,Credit Mobilier, Banque de Paris et des PaysBaa, Banca CommercialeItaliana, Credito Italiano, Creditan-stalt-Bankverein, and Banquede Bruxelles, among others.

Early US Centralized Paper Money BankConspiracies...

There were a few Jewish bankers in the United States: HaymSalomon of revolutionary fame and Isaac Moses who, with AlexanderHamilton, was one of the founders of the Bank of New York in 1784.It was not until the Jewish-German immigration of the 1840s thatthe presence of Jewish bankers was felt in America. Some of theestablished German banks sent representatives, but for the mostpart, the German-Jewish bankers rose from the ranks only afterthey arrived. Between 1840 and 1880, a dozen first-rate bankinghouses were started: Bache; August Belmont; Goldman, Sachs; J.W.Seligman; Kuhn, Loeb; Ladenburg, Thalmann; Lazard Freres; LehmanBrothers; Speyer; and Wertheim. Influential, conservative in life-style,but unorthodox in financial matters, and inbred (like the Rothschilds,their children married each other), Jewish bankers projected animage of concentrated power because they often acted in concert,collaborating on financial deals.

The Jew as 'Alien Financier'

The rise of Jewish bankers reinforced this image. Previously,the Jewish moneylender was a single character presumed born withcertain "racial'' traits. His activities were every Jew'sactivities. With the development of systematic anti-Semitism inEurope, and the rise of xenophobic nationalism, the wealthy Jewwas seen as an alien financier, in collaboration with Jews abroad.The collection of Jewish bankers and banks in both Europe andAmerica convinced many people that Jews were out to dominate andcontrol the world.

Fake Money Schemes

Jewish Invention of Fiat Money


Gerald Krefetz, A New York City Jewish Person

Author of "Jews and Money: The Myths and the Reality."

They [Jews] had developed the idea of fiat money and were amongthe first to use negotiable instruments of credit. At the heightof nationalistic resurgence in the nineteenth century, the Rothschildswere developing international syndicates, a form of internationalbanking. "Jews and Money: The Myths and the Reality,"Gerald Krefetz, Ticknor & Fields, New Haven and New York,1982, p. 12.

Jewish Investment Banking Schemes

In twentieth century America, Jewish businessmen were developinginvestment banking expertise to finance consumer-oriented businessesdepartment stores, Alaskan fisheries, movies, theatres, coppermining and smelting, airlines, and clothing factories. "Jewsand Money: The Myths and the Reality," Gerald Krefetz, Ticknor& Fields, New Haven and New York, 1982, p. 12.

Jewish Conglomerate Trick (1960)
Taking Over Old, Non-Jewish Companies
Using Other People's Money to Do It

Worthless Junk Bond Money Buys & Kills Companies


Gerald Krefetz, A New York City Jewish Person

Author of "Jews and Money: The Myths and the Reality."

In the 1960s, Jews were again in the forefront in creatinga new business form - the conglomerate, a multi-purpose holdingcompany whose disparate profit centers were purportedly synergistic- greater than the sum of its component parts. It was not a Jewishinvention - that honor probably belongs to Royal Little of Textronbut Lehman Brothers, Lazard Freres, LoebRhoades, and Goldman Sachs were forceful in sellingthe new notion. Besides the self-interest of these investmentbanking houses (the major interest in conglomerates was only partiallydue to new products, market penetration, increased revenues, balancesheet growth, and rising price-earnings ratios), mergers and acquisitionsgenerated volumes of new corporate issues that Wall Street underwrote,sold, and traded. And a number of Jewish businessmen were quick to see the potentialof the new financial form. Prudent and conservativemoney managers were skeptical of the conglomerate: it had a strikingresemblance to earlier over-blown, credit-created pyramids, whichhad appeared earlier and milked unsuspecting investors beforecollapsing. Business history was littered with square cannon balls,rotten tulip bulbs and burned-out matches from Ponzi-like operatorsof the John Laws and Ivor Kreugers. "Jews and Money: TheMyths and the Reality," Gerald Krefetz, Ticknor & Fields,New Haven and New York, 1982, p. 12.

DestroyingChristian Companies

Besides the investors in conglomerate shares and debentures,the people who had the most to lose were the staid managementsof victim companies. For the most part, the takeover candidateswere old industrial companies with secure if unexciting markets,substantial assets, little debt, underutilized capital, high dividends,diverse ownership, and no immediate growth prospects. In brief,they were old-line, quasi-somnambulant corporations. "Jewsand Money: The Myths and the Reality," Gerald Krefetz, Ticknor& Fields, New Haven and New York, 1982, p. 12.

Jews Attacking Establishment Companies

The conglomerate era of the sixties, abetted by a high-flyingstock market and a prolonged boom, was really a none-too-subtleattack on establishment corporations. Though the accounting wasdevious and the newly issued paper of dubious value, the conglomerateposed a substantial threat to the corporate status quo. By thelate sixties, stalwarts of American industry and finance suchas Chemical Bank, Goodrich, Great American Insurance, Jones andLaughlin, and Pan American were under the gun. And naturally,in the spirit of free enterprise, they ran to the government forprotection. "Jews and Money: The Myths and the Reality,"Gerald Krefetz, Ticknor & Fields, New Haven and New York,1982, p. 12.

TheJews Who Destroyed Christian Old-Line Companies

James Ling of Ling-Temco-Vaught, Roy Ash of Litton, and RoyLittle of Textron were joined by Ben Heineman of Northwest Industries,Howard Newman of Philadelphia and Reading, Saul Steinberg of Leasco,Charles Bludhorn of Gulf & Western, 4ishulam Riklis of RapidAmerican, Laurence Tisch of Loews - each practicing the "highestform of creative capitalism." These Jewish conglomerate-builders,from the flamboyant the conservative, spearheaded the attack.Aided by clever investment bankers, a permissive Democratic president,and a credulous public, they shook up old managements, createdanomalous corporations and provided Wall Street with a stringof dazzling investment vehicles. Just about every one was a starof the go-go years, and just about every one suffered grievouslywhen reality in form of recession and a strict Republican administrationreturned -in the seventies. "Jews and Money: The Mythsand the Reality," Gerald Krefetz, Ticknor & Fields, NewHaven and New York, 1982, p. 12.

Jews(Democrats) Versus Christians (Republicans)

'l'he battle was, of course, between "the old establishmentand the nouveau riche." The old establishment's financialstructure was Republican to the core, while the Jewish investmentbankers and conglomerate builders were strongly represented inthe Democratic party, though they often hedged their bets withcampaign donations to both sides. Even so, the Nixon administrationimmediately directed the Justice Department'santitrust division against what has been called the "Jewish-cowboy connection," thatis, the Wall Street financiers and Texas oil men. TheJewish-cowboy connection, according to G. William Domhoff, whocoined the term, contains some oil companies (e.g., Amerada-Hess,Tidewater, Kerr McGee, Halliburton), airlines (American, Braniff,Continental), movies (Paramount, 20th Century Fox, Metro-Goldwyn-Mayer,[MGMJ, and "best of all,... consumer goods and merchandisingwhere Sears, Jewel Tea, Gimbel's, Macy's, City Stores, AlliedDepartment Stores head a star-studded list." "Jewsand Money: The Myths and the Reality," Gerald Krefetz, Ticknor& Fields, New Haven and New York, 1982, p. 12.

The Nixon attack cut the conglomerates to the quick and the stockmarket reappraised their values. Within the first couple of monthsof the new administration, thirteen conglomerates lost $5 billionin market value. It was not the end of the conglomerates, buttheir "creative capitalism" was to become more prudentin the seventies. "Jews and Money: The Myths and the Reality,"Gerald Krefetz, Ticknor & Fields, New Haven and New York,1982, p. 12.

ChristiansEnd Jewish Conglomerate System Under Nixon

For the Jews, the fall of the conglomerates marked the endof an era. On the whole, they emerged relatively unscathed, butit seemed clear that there were limits to their financial power.While the theory of a free enterprise system welcomed competition,mergers, acquisitions, and a to-the-wall attitude, the realityproved different. When the central or core establishment startedto hurt from the exercise of those doctrines, especially whenexercised by outsiders who were considered aggressive and pushy,cease and desist was the order of the day. "Jews and Money:The Myths and the Reality," Gerald Krefetz, Ticknor &Fields, New Haven and New York, 1982, p. 12.

Jewish Successful Conglomerate Schemein 1960's to Buy Up Most Non-Jewish Corporations
With the Sales of Worthless, Empty Junk Bonds


Jewish Parasitism - Living on Others' Labor
Proven Strictly By the Statistical Numbers, Etc.


Gerald Krefetz, A New York City Jewish Person

Author of "Jews and Money: The Myths and the Reality."


How Jews Exist On Labor of Others

The job pattern of the Jewish work force is as unlike the nationalpattern.... "Jews and Money: The Myths and the Reality,"Gerald Krefetz, Ticknor & Fields, New Haven and New York,1982, p. 15.

The following table shows significant Jewishand national job patterns differences*
These differences are indicative of anincreasing exploition of labor by Jews who live off the laborof others...

Jewish Vs. Non-Jewish Employment Categories - Nat'l Averages
 Career Classification Jewish Male Jewish Female Non-Jewish Male Non-Jewish Female
 Professional and Technical 29.3 23.8 14.3 14.9
 Managers, Officials, Proprietors 40.7 15.5 14.0 4.8
 Clerical Workers 3.2 41.7 6.8 36.3
 Sales Workers 14.2 8.3 6.6 7.8
 Craftsmen, Foremen 5.6 1.5 21.2 1.3
 Operatives 3.9 2.3 17.8 12.9
 Non-Farm Laborers 0.3 0.2 6.8 0.9
 ServiceWorkers 1.2 3.6 7.3 19.3
* From the National Jewish Population Study and the Department of Commerce. Observations on Jewish blue-collar workers are made in Marshall Sklare, America's Jews (New York: Random House, 1971), pp.61-69.


In discussing the statistical analysis of Jewish careers versusthose of non-Jews, Krefetz says:

"To put the figures in more general terms: 87.4% of workingJewish males and 89.3% of working Jewish females are white-collarworkers, while only 41.7% of the white male work force and 63.8%of the female work force are in this class.

TheMore Jewish and/or Atheist, The Fewer Manual Workers

A Gallup survey from the mid-sixties compared employment patternsamong religious groups. There is no reason to think that the findingswould be markedly different now. On average, fifty-six percentof the national work force did not do manual labor. For Protestants,the figure was fifty-two percent; for Catholics, fifty-three percent;for nonbelievers, sixty-two percent; and for Jews, ninety-fivepercent. The last figure seems somewhat high, but close to recentobservations. ."Jews and Money: The Myths and the Reality,"Gerald Krefetz, Ticknor & Fields, New Haven and New York,1982, p. 15.

KrefetzStates that Jewish Blue-Collar Workers are Nearly Non-Existent

Jewish blue-collar workers are rapidly disappearing. In 1919,probably eight out of ten males were manual workers, but now,only five out of ten work with their hands. However, for Jewsthe change was faster. Shortly after the first mass migrationsfrom Eastern Europe stopped, in 1930, thirty percent of Jewishmales were manual workers. In 1950, it was down to twenty percent,and by 1970, it was down to little more than ten percent."Jewsand Money: The Myths and the Reality," Gerald Krefetz, Ticknor& Fields, New Haven and New York, 1982, p. 15.

Jews Find Manual Labor More and MoreRepugnant and de'Classe'

Since laborers were poorly paid, without job security, andof dubious social standing, Jews found such work distasteful,unremunerative, and de'classe'. Though economic circumstancesforced them into such jobs, their basic discontent spurred theirrise to the leadership of several labor unions. Today, with thenoticeable decrease of Jewish labor members, such as in the InternationalLadies Garment Workers Union, Jewish leadership will undoubtedlywane. As the Jewish work force becomes nearly 100 percent college-trained,the number of Jewish manual laborers will fall to statisticalinsignificance rather like the present situation of Jewish farmers."Jews and Money: The Myths and the Reality," GeraldKrefetz, Ticknor & Fields, New Haven and New York, 1982, p.15.

Jews Find Professions to be their Forte

In recent years, there has been a significant shift in occupationsamong Jews: the younger ones have left manufacturing and wholesaletrade, and have lessened their participation in retail trade andthe civil service. Young Jews are increasingly interested in theprofessions, entertainment and recreation, communications, education,and construction. In finance, business, and in transportation,the employment patterns have remained relatively constant betweengenerations. "Jews and Money: The Myths and the Reality,"Gerald Krefetz, Ticknor & Fields, New Haven and New York,1982, p. 15.

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