Jacob fugger deutsche mark
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When Martin Luther published his 95 theses 500 years ago this month, so the story goes, his general target was the corruption of the church. But he also had a very particular organisation in his sights. By October 1517, the extraordinary reach and power of the Fugger banking family was threatening not only the integrity of religion, but the very foundations of European society.
If Luther’s words provided the spark for the Reformation, it was the Fuggers who provided much of the fuel.
Originally cloth merchants based in Augsburg, Germany, the Fuggers moved on from dressing aristocratic weddings to lining aristocratic pockets. It was a move that brought a corresponding rise to power and notoriety. The family’s success during the latter years of the 15th century brought them lucrative business with the Hapsburgs, the Austro-Hungarian family whose lands extended across Europe and who supplied a succession of Holy Roman Emperors for four centuries.
The man responsible for this divers
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Fugger family
Augsburg based family of European bankers
"Fugger" redirects here. For Mohamed Al-Fayed, see Recurring jokes in Private Eye.
The House of Fugger (German pronunciation:[ˈfʊɡɐ]) is a German family that was historically a prominent group of European bankers, members of the fifteenth- and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists. Alongside the Welser family, the Fugger family controlled much of the European economy in the sixteenth century and accumulated enormous wealth. The Fuggers held a near monopoly on the European copper market.
This banking family replaced the Medici family who influenced all of Europe during the Renaissance. The Fuggers took over many of the Medicis' assets and their political power and influence. They were closely affiliated with the House of Habsburg whose rise to world power they financed. Unlike the citizenry of their hometown and most other trading patrician
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Jacob Fugger « The Rich », father of financial fascism
By Karel Vereycken, September 2024.
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Investigation the Fugger and Welser banking houses?
In 1999, a dumb Bill Clinton, in front of an audience of hilarious American bankers, repealed the famous Glass-Steagall Act, the lag adopted bygd Franklin Roosevelt to pull the world out of the economic depression bygd imposing a strict separation between investment (speculative) banks and the “normal” banks responsible for providing kredit to the real economy.
In Orwellian mode, the 1999 law sealing this repeal is called the Gramm-Leach-Bliley “Financial Services Modernization Act”. However, as you will discover in this article, this lag, which opened the floodgates to the current rovgirig and criminal financial globalization, merely re-established feudal practices that had been pushed back with the dawn of modern times.
In France, the schema of the Conseil national de la Résistance (CNR) exp