In a recent online discussion, the distinguished (retired) Colonel Douglas Macgregor highlighted the decline of Western banking supremacy, with particular emphasis on the Rothschild banking cartel in London.

MacGregor’s commentary often critiques traditional Western financial systems and advocates for alternative economic alignments, such as joining BRICS (Brazil, Russia, India, China, and South Africa), which aims to challenge the dominance of Western financial institutions.

The discussion took place against the backdrop of historic changes in global financial power, notably how the United States replaced London as the financial center after World War I, as detailed in sources such as Investopedia. This context is relevant because it highlights the potential for similar shifts today, with BRICS countries seeking to increase their influence in global finance, producing approximately 44% of the world’s crude oil, and aiming for a more balanced global economic order.

The mention of the Rothschild family, known for its historical role in international banking since the 18th century, adds a layer of historical critique. The family’s influence peaked during the Industrial Era, supporting major infrastructure projects such as railways and the Suez Canal. However, recent global economic trends, including the expansion of BRICS, suggest a move away from such historical financial dominance, potentially aligning with Macgregor’s views on the end of Western banking supremacy. This shift is part of broader geopolitical realignments in which emerging economies seek to reduce their reliance on traditional Western financial systems.