Jacob Rothschild recently announced his plans to buy up vast amounts of gold as a stark warning to bankers that the world is now in “unchartered waters”.It seems Lord Rothschild has foreseen huge trouble on the horizon for the western and has reacted quickly by replacing Dollars with gold, he added “the greatest experiment in monetary policy in the history of the world.

jacob rothschild recently announced his plans to buy up vast amounts of gold as a stark warning to bankers that the world is now in unchartered water

"Sputniknews reports: The Western central bankers are conducting "the greatest experiment in monetary policy" history with consequences impossible to predict, Lord Rothschild writes, warning that the world is now in "uncharted waters."Trouble is brewing for the global economy with the consequences impossible to predict, RIT Capital Partners Chairman Lord Rothschild warns in his semi-annual address to investors, criticizing central bankers for what he called "the greatest experiment in monetary policy in the history of the world."

"The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world," Jacob Rothschild, a British investment banker, and a member of the prominent Rothschild banking family, underscores.Why Russia Keeps Investing in US Economy Despite Political Tensions "We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low-interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale," he stresses. Rothschild has called attention to the fact that despite the policy having resulted in the rapid rise of stock markets, this growth cannot last forever as the real sector remains anemic with weak demand and deflation in many developed countries.Meanwhile, the geopolitical situation is not getting easier: China's economic growth has slowed down, the election atmosphere in the US remains fraught and the conflict in the Middle East continues to rage on. 

Germany, France and the US have been subjected to terrorist attacks. To complicate matters even further the UK voted to leave the EU."In times like these, preservation of capital in real terms continues to be as important an objective as any in the management of your Company's assets," Lord Rothschild emphasizes.Interestingly enough, Rothschild has signaled that he is shifting from sterling (in anticipation of Brexit) and the US dollar to gold and "other currencies."

"Our significant US Dollar position has now been somewhat reduced as, following the Dollar's rise, we saw interesting opportunities in other currencies as well as gold, the latter reflecting our concerns about monetary policy and ever declining real yields," Lord Jacob Rothschild explains.BRICS Could Give Up on the Dollar, But With ‘Dramatic Geopolitical Consequences’ By the end of June, RIT Capital Partners increased their gold and precious metal assets to 8%. 

Commenting on the matter, online media outlet pointed out that Rothschild's concerns clearly indicate that the global economy is heading towards a perfect storm due to the irresponsible monetary policies of Western central banks."Jacob Rothschild de facto says that those who manage the Western economies do not know what they are doing, that they are improvising. 

They have no plan, no precise model or tested scheme, they are performing an experiment with nations pumping their economies with cheap money which they get out of thin air," the media outlet noted.Although US President Barack Obama has repeatedly stated that the financial crisis of 2008 was overdue to the Federal Reserve System's effective monetary policies, this is likely wishful on his part. The media outlet warned that the Fed's policies resemble nothing so much as a dangerous worldwide experiment which may soon bear its bitter fruit.


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