Power of the Purse and the
Federal Reserve System
Part 3

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Author : Bill Kochman
Publish : May 4, 2026
Update : May 4, 2026
Parts : 03

Synopsis:

The Rothschild Presence Within The Continental Unites States, Current Status Of Rothschild Dynasty In Europe, Joint-Stock Banks Diminish The Rothschilds' Financial Power And Influence In Europe, The Structure Of Europe's Central Banking System, The Status Of Nathaniel "Nat" Philip Victor James Rothschild, Description Of Russian Central Banking System, Bank Of Russia Is Under Putin's Thumb With Little Independence, Rumor About President Trump Signing An EO Which Will Usher In Mark Of The Beast, Backlash Confusion And Legal Challenges, What A Smart U.S. Bank Manager Would Do, Wild-Eyed Conspiratorial American Christians, Closing Remarks, BBB Suggested Reading List


Continuing our discussion from part two, while the family of the Rothschilds enjoyed tremendous power and influence during the eighteenth and nineteenth centuries when the dynasty ruled over continental Europe, and to some degree in England as well via Alfred de Rothschild who served as director of the Bank of England from 1868 to 1889, I was rather curious as to how much presence the family still maintains within the United States of America itself, and how much financial power they continue to wield.

What I learned is that there are several influential members of the Rothschild family who still maintain a quiet presence within the United States, particularly in New York. However, based on the information I found, their operations are more diversified and less centralized than during the previous two centuries. Furthermore, they appear to primarily focus on a substantial level of investment banking, wealth management, private equity, real estate and agriculture. They are also involved in environmental activism and philanthropy. Also of interest is that the Rothschilds' current wealth is in large part handled through European-based holding companies such as Concordia. Current key members of the Rothschild family who reside in the United States include the following:

Lynn Forester de Rothschild: This Rothschild is the CEO of E.L. Rothschild, which is a holding company that manages investments in wealth management and media. Ms. Rothschild splits her time between both New York and London.

David Mayer de Rothschild: David is a leading adventurer, film producer, environmental activist and ecologist. He now serves as the Chairman and Trustee of the Voice for Nature Foundation and the Founder of The Lost Explorer. He is said to be worth around $10 billion.

Emma Rothschild: She is an English economic historian and a professor of history at Harvard University. She is also director of the Joint Centre for History and Economics at Harvard, and an honorary Professor of History and Economics at the University of Cambridge.

James Rothschild: He is a financier and a Rothschild heir who since 2015 has been married to Nicky Hilton. Nicky is the great-granddaughter of Hilton Hotels founder Conrad Hilton, and the younger sister of Paris Hilton. Thus, Nicky is also an heiress to the very famous Hilton Hotels fortune.

Turning our attention to Europe again, I was also curious about the current status of the Rothschilds in those places as well. Assuming that the information I found is accurate, in contrast to their former financial power and influence during the two previous centuries, their hegemony seems to have been significantly broken by joint-stock banks during the 1870s. Unlike the privately-run Rothschild banks, these banks are owned by many investors -- or shareholders -- who hold stock, which makes them distinct from the private banks that are operated by the Rothschilds. Similar to the Board of Governors in the Unites States, such joint-stock banks are managed by a board of directors, and they often operate as public companies which are traded on the exchanges. They focus on profit maximization for shareholders, rather than on member services.

While the Rothschilds manage private financial institutions in Europe -- Rothschild & Co in Paris, as well as Edmond de Rothschild Group in Geneva are prime examples -- they are distinct from central banks. Furthermore, contrary to some of the well-known conspiracy theories, the Rothschilds do NOT own any of the central banks in Europe, according to the information I found. In fact, they do NOT own any central banks anywhere in the world whatsoever. Similar to how they conduct their American operations, the aforementioned two Rothschild-owned banks focus on investment banking, asset management, and private banking, and NOT on central banking.

To be clear, European banks are NOT under the control of any kind of Rothschild-founded central banking system. As I said a moment ago, central banks across Europe are publicly owned or state-controlled. For example, the Bank of England and the European Central Bank are actually owned by their respective governments, or by national central banks, and NOT by private individuals. In the case of the European Central Bank, it is owned by the national central banks of all of the European Union members.

On a side note, while Nathaniel "Nat" Philip Victor James Rothschild inherited the title of 5th Baron Rothschild upon the February 26, 2024 death of his father, Jacob Rothschild, 4th Baron Rothschild, this does NOT make Nat the sole head of the entire Rothschild family. Furthermore, while the 5th Baron Rothschild is a British peerage title, it does NOT represent ownership of the entire family's global assets, which are actually shared amongst various branches. In our modern day, the Rothschild family is a vast, decentralized collective of numerous family members across a number of businesses, rather than a single entity that is ruled by a single individual as in times past.

Having now covered the Rothschilds and the central banking systems in the United States as well as in Europe, I was also curious regarding how the Russian Federation operates its own banking system as well. First of all, while Rothschild & Co. did have an office in Moscow since 1994, it only served as a financial advisor, and not as a regulator. Furthermore, it suspended its activities in Russia in 2022. Their departure from Russia was primarily to comply with the international sanctions which were being levied against Russia, and also to mitigate risks, following Russia's invasion of Ukraine.

To continue, the Central Bank of the Russian Federation -- a.k.a. the Bank of Russia -- was established in its current form in 1990. It traces its roots to the State Bank of the Russian Empire which was founded in 1860. It is state-owned -- as opposed to being privately owned -- which means that its charter capital and assets are federal property. Just as the Fed must report to the U.S. Congress in the USA -- not that it means much -- the Bank of Russia is accountable to the State Duma -- or Russian Parliament -- which appoints its governor based on a proposal by the President of Russia, just as the U.S. President nominates a Chair for the Fed.

While the Fed's Chair and Governors have a great amount of independence in the United States -- as we have discussed previously -- in Russia, the situation is quite different. While on the surface Russian law formally dictates that the Central Bank of the Russian Federation is supposed to have a high degree of independence in order to manage monetary policy -- similar to the Fed -- it appears that the reality on the ground is quite different. So much so that it's often viewed as merely being a tool of the Russian state. This is particularly true under the presidency of Vladimir Putin.

Returning to the topic which actually began this series -- that is to say, the claim that President Trump was going to sign an Executive Order which would usher in the Mark of the Beast -- as I stated in part one, it is my view that if such an EO were ever to actually be signed, it would result in a substantial amount of backslash and confusion. Not only would it be burdensome for U.S. banks to implement, but it would be strongly challenged in a legal sense as well. It is possible that a strong rebellion would occur amongst regular people as well. For example, suppose that as a bank manager, you have a client -- probably many clients if you are a popular bank -- who has been banking with you for many years. You know them personally and they know you. There is a mutual trust between the two of you, and you have an ongoing rapport.

Now, let us be really honest here. As the bank manager, are you ACTUALLY going to risk offending them by requiring that they must now provide you with proof of citizenship, despite the many years they have banked with you? I don't think so! Not if you are a smart bank manager!

On a final note, it should also be pointed out that while some American Christians are totally freaking out over this in their typical fashion, and promoting the idea online that this EO -- should it really be signed -- is yet another step towards implementing the Mark of the Beast system, the fact of the matter is that providing proof of citizenship in order to open a bank account is common practice in other parts of the world. But leave it up to some conspiratorial American Christians who see a demon hiding behind every rock, and who want to twist the meaning of certain ancient Bible prophecies so that they seem to apply to our modern day, even if they really don't. As far as this current Mark of the Beast rumor is concerned, I suggest that you read my article "Obamacare and the Mark of the Beast: Fact or Fiction?" in order to acquire a little bit of balance in your views.

With these thoughts, I will bring this article to a close. It is my hope that you have found it informative, enlightening, and I pray that it has been a blessing in your life as well. If you have an account with Facebook, Twitter, Tumblr or with any other social network, I would really appreciate if you'd take the time to click or tap on the corresponding link that is found on this page. Thanks so much, and may God bless you abundantly!

For additional information and further study, you may want to refer to the list of reading resources below which were either mentioned in this article, or which contain topics which are related to this article. All of these articles are likewise located on the Bill's Bible Basics web server. To read these articles, simply click or tap on any link you see below.

AI, Chatbots, Daemons and Demons

AI, Deepfakes and Humanoid Robots

Are You Flexible?

Be Careful With ChatGPT and Other AI Chatbots!

Cognitive Computers, DARPA, OpenAI, AGI, Superintelligence and Elon Musk

Donald Trump: Israel's Long-Awaited Messiah?

Facebook and the Battle for Our Youth

Facebook False Prophets and Misguided Teachers

Fight Against Futurism!

Humility in Our Understanding of God's Word

Iran War and the Mind of the President

It Is Time to Wake Up!

Jesus Christ's Return: Have We Been Deceived?

More 666 Musings: Where I Now Stand

My Evolving Theology

Nuclear States and the Israel-Iran War

Nuclear States: What Have We Wrought?

Obama, McCain and the Bush Legacy

Obamacare and the Mark of the Beast: Fact or Fiction?

Please Stop Misinterpreting the Scriptures

Robot Wars and Skynet: Is Sci-Fi Becoming Our Reality?

Science and Technology: The Forbidden Knowledge?

Speak the Pure Language of Truth

The International Jew and the Protocols of Zion

The Office of Prophets and Teachers

Understanding the Bible in Context

Welcome to Greater Israel, USA!

Why President Trump Is Not the Antichrist


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