The Secretive Family that Owns All of Europe

deep within Europe lies the continent's most powerful business Dynasty their family tree includes Bankers industrialists politicians bureaucrats diplomats military officials they own everything from AstraZeneca to the NASDAQ Stock Exchange they own more than a third of Sweden's entire Stock Exchange their web of companies employ over a million people including almost half of Sweden's entire industrial Workforce in the 70s and today their empire spans more than 275 billion dollars far exceeding Jeff Bezos Elon Musk or even Bernard are no they've got ties to the richest most powerful people in the world from the White House to

the world economic Forum this Clan has their tentacles everywhere and yet you've probably never heard of their name you won't find a single one of them on the force billionaire list and that's because they've worked very hard to stay in the shadows hardly ever making any public appearances or interviews why because getting to the top is messy and getting to the point where you own the entire continent of Europe you're gonna have a lot of skeletons in your closet that you'd rather not have the masses know abouts we don't want to stroke up any Envy

or any Anti-Trust talk now would we stay dangerous and say hello to the wallenbergs the family that owns all of Europe shout out to this member of the channel for suggesting this video idea and let me know what video I should do next in the comments below [Music] foreign [Music] if you happen to run an online store or an e-commerce business and you're looking to save more time and money with shipping then you have to check out shipstation shipstation is hands down the best way to ship because it allows you to automate and streamline your

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young naval officer from Sweden his name was Andre Oscar Wallenberg and in 1837 he had a front row seat to witness the chaos in America first hand the incompetence of American Banks and bankers gave Andre Wallenberg an idea he had clearly seen how Banks should not be run and he wondered why he couldn't just take what he learned back to his homeland to open up a better Bank over there he also saw a massive opportunity Swedish Banks were missing out on see Swedish banks at the time were archaic it was hard to transfer money between

locations you couldn't get a high interest rate for depositing your money but most importantly Swedish banks at the time didn't take the money people deposited into their savings accounts to lend out to other companies Swedish Banks were not lending to other companies during a time when Sweden was in the midst of industrialization corporations were becoming a thing multi National corporations were becoming a thing Swedish railroad network was being built and Sweden's economy was skyrocketing all these opportunities needed funding but none of the existing Banks were meeting the need [Music] think about just how big of

an opportunity this was today the idea of banks taking your deposits and lending it out like crazy is the norm it's why they're so rich and Powerful it's what led to the 2008 financial crisis but back then in Sweden Banks were not participating in this financial Alchemy when it was the best time to participate so they were leaving an insane amount of money on the table and if Andre Wallenberg could go back to Europe and establish a new modern Bank he could have the potential to become the most powerful Banker in all of Sweden and

the great thing was back in the 1800s the banking sector was very different from what it is today today one doesn't simply decide to go and open up a bank today's banking sector is so regulated it requires so much Capital that's almost impossible to do unless you either partner with an existing bank or you're already rich and Powerful to begin with and side note this huge barrier to entry is by Design the big Banks don't want anyone else opening up shop to compete but luckily for Andre wellenberg 200 years ago banking was the Wild West

anyone could open up shop and start shackling people in debt you could open up a bank as easily as you could open up a jewelry store or or a doctor's office so with the help of his colleagues Andre Wallenberg managed to open up the Stockholm and skill the bank or Seb in 1856 and the Seb was unlike anything Sweden has seen before it encouraged the public average everyday Joes to deposit their heart earned money into savings accounts these savings accounts offered actually good interest rates so the longer you left your money in your savings account

the more interest it could earn you so the masses flocked to Seb again this sounds very normal today but back then this wasn't something that was available to the average person in Sweden but just like today little did those customers know that the money they put in the bank wasn't being kept safe for you and a big vault in the back no Wallenberg would then take your money and then lend it out to other people and businesses during the best possible time to be lending out money in Sweden during industrialization and for Wallenberg it was

a gold rush the Seb became so popular that it quickly took over Sweden's entire banking industry Sweden had become conquered but not by a foreign power but a domestic one and the weapon of choice was banking suddenly the Swedish people either had their money with Wallenberg or they were slaving a way to pay out the debt they owe to Wallenberg and the way they slave the way to pay back the debt was by working for a company that owed money to Wallenberg it was genius but the wallenbergs didn't stop there sure their family fortune was

growing at an exponential rates but they're Bankers they know they can't just let all this cash sit there not working for them but where to invest all this cash why not just buy all the companies in Sweden that way the entire population of Sweden would have their money deposited with the wallenbergs they would also owe money to the wallenbergs and to pay off that debt they would have to get up every day in the morning and go to work for a Wallenberg company a Wallenberg company that owned money too you guessed it the wallenbergs it

was simply the last logical step in the financial enslavement of Sweden and it would Propel the Wallenberg family into the one percent of not just Sweden but the entire world [Applause] [Music] foreign family started buying majority stakes and hundreds of Swedish companies they call it quote the liberal transformation of Swedish Society End quotes from Railways to factories to international trade and LLCs there was not a major company in Sweden that the wallenbergs didn't have some stake in but in 1916 they ran into a problem the Swedish government started seeing the danger of allowing Banks to

own major businesses while also getting those businesses and people in debt to them so the Swedish government passed a law that made it nearly impossible for banks to own long-term shares of industrial businesses but the wallenbergs weren't so quick to give up so to get around this new law the Wallenberg family created investor a b a very vague sounding holding company that was given full ownership of all the businesses their bank owned investor a b became the wallenberg's personal investment arm and the crisis was averted The Firm did so well that by the 1970s the

Wallenberg family employed more than 40 percent of Sweden's entire industrial Workforce and owned 40 of the country's entire Stock Exchange there wasn't a single aspect of the banking cycle the one our family didn't profit from but then came World War II and the wallenbergs were left with a decision which side of the war would they profit from the Allies or Hitler so the Wallenberg decided to take a page out of the rush house Playbook and said foreign earlier the Rothschild had gone down the history books for Lending money to both sides of wars that way

no matter which side won both sides became indebted to you and you always come out on top that's why as a banker you always want to play Both Sides watch our full documentary on the Rothschild dynasty by clicking the card in the top right corner right now to learn more and this was a lesson the wallenbergs took to heart when World War II came around on one side they had Germany who was facing strict sanctions and the possibility of losing billions of dollars as the Allies shut down their businesses on the other hand they had

America and Britain who desperately needed banking services in Europe to continue fighting so here's what they did while one Wallenberg brother dealt with the Allies in London and New York offering their Bank services to their War efforts the other brothers stationed himself in Berlin there the wallenbergs offered to buy important German military supply companies like Bosch to prevent them from being seized or shut down by the Allah technically it was legal to buy these companies if you intended to keep them and use them according to the law but what the wallenbergs were doing was very

different instead of buying and keeping these companies they signed agreements that stated that they promised to sell the companies back to Germany as soon as Germany wanted them back in exchange for a fat fee of course not only did the Wallenberg family keep Germany's most important company safe from the Allies in exchange for money they went to extreme lengths like running black market operations and money laundering to ensure that they could keep making money on both sides of the war now it would be unfair not to mention that one Wallenberg Raul Wallenberg actually saved between

four thousand and thirty five thousand Jews during World War II by issuing them Swedish papers he later died in prison after being captured by the Soviet Union but playing both sides became so profitable for the Wallenberg family that more than 50 years later they were still using the exact same Playbook the wallenberg's own Ericsson a multinational Telecom company and won a certain violent organization in the Middle East that rhymes with crisis threatened to shut down one of eris's transfer routes in Iraq Erickson simply paid the violent organization tens of millions of dollars in bribes to

guarantee their safety after Russia invaded Ukraine in 2014 and got slapped with every sanction known to man the company's Atlas Copco and SKF both companies the wallenbergs hold stakes in continued to sell crucial equipment to Russian nuclear weapons programs but now the family was faced with another existential crisis solving the problem of past wealth see although having Rich parents may sound tempting most kids that come from Rich families are dead inside they have no purpose no drive that's why 9 out of 10 of the world's richest families lose their wealth by the third generation there's

a famous quote that sums us up my grandfather walked 10 miles to work every day my father walked five I'm driving a Cadillac my son is in a Mercedes my grandson will be in a Ferrari but my great-grandson will be walking again so the Wallenberg family had to find a way to escape the curse the curse of the third generation thank you foreign passing down the entire Wallenberg family fortune to one or two sons most of their money is kept in family run foundations while dozens of family heirs are each put in charge of different

foundations and businesses that make up their vast Empire that way no one single era has the power to single-handedly destroy the entire family fortune and before any of the Wallenberg family members reach a management position they're required to actually spend time working in the company to gain real life experience this careful methodical approach to passing on wealth and companies that the wallenbergs took is basically the exact opposite of what the Vanderbilts did the Vanderbilt Dynasty came to power at around the same time as the wallenbergs and the Vanderbilts actually became the richest family in the

entire world beating up the wallenbergs by a long shot but Cornelius Vayner built the family's patriarch didn't trust his family with his business or money he had 13 kids but instead of mentoring all of them to divide up his wealth he left his entire Fortune to just one of his sons the rest of his kids got practically nothing and at first it worked it his son ended up doubling the family fortune but from that point on it was all downhill his son also didn't take a very methodical approach to passing down the money so the

rest of the family only knew how to spend money mansion's lavish parties Yachts you name it they bought it so within just 50 years of the patriarch's death the entire 200 billion dollar Fortune had completely vanished when 120 members of the Vanderbilt family met for a family reunion in 1973 not a single one of them was a millionaire and we break down how the Vanderbilts lost their entire fortune in a new video on our new Spanish channel so if you're mainly a Spanish speaker or you have friends and family that only speak Spanish so you've

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