Extraordinary events are almost always catalysts for conspiracy theories – often providing more “acceptable” explanations for something that wasn’t “supposed to happen.”
And what could be more unexpected than the sudden and stunning collapse of the Assad regime in Syria? Rebel forces undid well over 40 years of rule in an offensive that took less than two weeks, and saw the Syrian armed forces collapse and even change sides. Watching it happen live was almost unbelievable, and many people indeed did not believe it. Or at least, they believed a different version of it. And of the many “more acceptable” explanations for what was going on in Syria, a familiar one that took hold early was that Syria was one of the only countries on earth without a “Rothschild Central Bank,” and the cabal finally took action to correct this half-a-century long oversight.
I’ve written extensively about the “Rothschild Central Bank” conspiracy theory, and why it’s incorrect on multiple levels. I spend a great deal of time on it in my book on the Rothschild banking family myth, Jewish Space Lasers.
But the situation in Syria is extraordinarily precarious and complicated. Even with Assad deposed, there’s no guarantee that the country will be able to develop a functional democracy, correct the previous regime’s human rights abuses, or not become a battleground for proxy groups and terrorist spillover.
With so many moving parts, it’s easy to imagine alternative stories emerging about how the Assad collapse was a Jewish plot, perpetrated by Israel and funded by the depravity of the Rothschilds, all to get their claws into yet another nation’s banking system. So with that in mind, here’s why the “Rothschild Central Bank” theory, and in particular its relation to Syria, is false and should be completely ignored.
There are no “Rothschild central banks”
A central bank is, by its very definition, a governmental entity. Central banks control money supply, print money, set interest rates, and manage the financial policy of a nation. And every country has one, other than a few tiny microstates that use the money of larger countries. In the US, we have the Federal Reserve, while the UK has the Bank of England, and so on. The nations of the European Union have individual central banks that are all members of the European Central Bank. Even North Korea has a central bank.
None of these central banks are owned by private investors, and certainly none of them are owned by the Rothschild banking family. Before the era of nationalized central banking, many wealthy banking dynasties owned shares of stock in national banks, including the Bank of England. But that era ended long ago, and for the Rothschilds, it saw a general decline in their wealth and power. Central banks are now owned and operated by their parent governments, not by decrepit tycoons in castles.
Why the Rothschilds in particular are linked to large scale ownership of central banks has a lot to do with their longevity and history. The family once did have business holdings all over the world, and had the ear of royalty and prime ministers. And the myth that Nathan Rothschild made so much money off the Battle of Waterloo that it allowed him to take control of the British money supply started in 1846 and has proven durable enough to fire conspiracism in everyone from French antisemites of the 1890s to Nazi propagandists of the 1940s to Alex Jones today.
But it’s not true, and never has been true. As I write about in Jewish Space Lasers, the myth of the Rothschilds and Waterloo spread decades after the battle, and we know for a fact that the family made little off the outcome of the battle itself – though they did make much of their fortune off loans and gold sales during the Napoleonic Wars.
The list of “Rothschild Central Banks” dates back to a 2012 blog post, and has been repurposed by countless bad actors and cranks, including finding a prominent place in the QAnon conspiracy theory, where it’s eagerly passed around by “truth seekers” who don’t understand how banks work. But why is Syria lumped into this nonsense? Haven’t its people suffered enough?
The Central Bank of Syria began operating in 1956, succeeding the previous French-run central bank that had administered the country since 1919. It didn’t retain its independence by keeping the Rothschilds out, it did because it was run by a brutal dictatorial family. And even its status as “non-Rothschild” varies depending on which internet meme you get your information from. Some cranks claim there are only three independent central banks in the world, others claim five, others claim nine. Sometimes Syria is on those lists, sometimes it’s not. Other lists have North Korea, Iran, Russia, or even Iceland as not being controlled by the Rothschilds – when in most cases, they’re controlled by repressive regimes. Or in some cases, like Iceland, they were nationalized due to financial crises.
All of this is lazy and nonsensical antisemitism. Blaming the Rothschilds for things going wrong in a country you support is the bedrock of anti-Jewish sentiment. Tyrants, cranks, crackpots, and conspiracy grifters have been doing it has been for millennia. If you’ve been a die-hard Assad supporter and you’re watching his regime collapse, it’s easy to point to Jewish power and control as the cause.
None of this means you’re a truth seeker or alternative journalist. It makes you a crank and an antisemite. The Rothschilds have no central banks, aren’t installing one in Syria, and have nothing to do with the bravery and tenacity of the Syrian opposition. They’re the real story, not the phone string pullers of meme-making nightmares.
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Mike Rothschild 