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The wealthy banking family, famed for establishing banking businesses across Europe, has been linked to a number of conspiracy theories
Claim: The Rothschilds, of banking fame, are blocking the release of gold deposits owned by the Marcos family to prevent the Philippines from becoming a global power.
Rating: FALSE
Why we fact-checked this: The YouTube video posted on September 1 is titled, “Sila pala ang may control sa Marcos ‘Wealth for Humanity’” (They are the ones controlling Marcos’ ‘Wealth for Humanity’) and has accumulated over 191,000 views, 7,500 likes, and 1,044 comments as of writing. The channel that uploaded the video boasts over 99,600 subscribers.
The video’s narrator asserts that the Rothschild family, originally from Germany, is holding back the release of the “Wealth for Humanity” fund supposedly deposited in the World Bank by former president Ferdinand E. Marcos for the benefit of the Filipino people. The narrator also says the Rothschilds have control over the US Federal Reserve.
The facts: The video’s claims have already been debunked by fact-checkers: Marcos’ “Wealth for Humanity” fund and supposed gold investments in the World Bank are entirely fictitious, and the US Federal Reserve is not owned by the Rothschild family.
Marcos gold: Rappler has repeatedly debunked false claims about the alleged Marcos gold deposited in the World Bank. A February 2024 fact check reported that the Marcos family or any other individual could not have deposited gold in the World Bank because it is not a regular commercial bank. According to the Bank’s website, the organization works with countries and governments as “a unique partnership to reduce poverty and support development.”
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Not owned by the Rothschilds: In a March 2023 fact check article, USA Today debunked the conspiracy theory about the Rothschild family owning many of the world’s central banks, such as those in the US, Australia, and England. According to the article, most of the banks supposedly owned by the Rothschilds are publicly owned while some are owned by member banks.
The Australian Associated Press and Poynter Institute’s Politifact have also fact-checked the claim.
The Rothschild conspiracies: Conspiracy theories about the Rothschild family of German-Jewish bankers are rooted in antisemitism, dating back to 1846 when a political pamphlet written by French journalist Georges Dairnvaell under the pseudonym “Satan” was published against the family.
Historian Mike Rothschild (unrelated to the family) said in a 2023 Time magazine interview that the pamphlet marked the beginning of a widespread industry of antisemitic conspiracies, depicting Jews as “cheap, greedy, clannish, and manipulative.”
Similar fact checks: Both Rappler and Vera Files have released numerous fact checks debunking claims about the Marcos family’s alleged gold ownership:
– Mariamne Yasmin Yap/Rappler.com
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Mariamne Yasmin Yap is a Rappler volunteer. She is a third year journalism student at the University of Santo Tomas.
