“I believe that banking institutions are more dangerous to our liberties than standing armies.” —Thomas Jefferson

by Jonas E. Alexis and Henry Makow

Jonas E. Alexis: During the Revolution of 1848, Karl Marx wrote that “the Jew, who in Vienna, for example, is only tolerated, determines the fate of the whole Empire by his financial power. The Jew, who may have no rights in the smallest German states, decides the fate of Europe. This is not an isolated fact. The Jew has emancipated himself in a Jewish manner, not only because he has acquired financial power, but also because…money has become a world power and the practical Jewish spirit has become the practical spirit of the Christian nations.”[1]

Marx had the Rothschilds in mind when he wrote this. Heinrich Heine likewise noted, “No one does more to further the revolution than the Rothschilds themselves…and, though it may sound even more strange, these Rothschilds, the bankers of kings, these princely pursestring-holders, whose European-state system, nevertheless carry in their minds a consciousness of their revolutionary mission.”[2]

According to Heine, “the Rothschild ‘system’ is also potentially revolutionary in itself” because since it “possesses the moral force or power which religion has lost, it can act as a surrogate for religion—indeed, it is a new religion, and when the old religion finally goes under it will provide substitutes for its practical blessings strangely enough, it is once again the Jews who invented this new religion.”[3] Heine saw James Rothschild as “a powerful destroyer of patrician privilege, and the founder of a new democracy.”[4]

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