Translated by Ollie Richardson for Fort Russ 14th May, 2016 – ru-polit.livejournal (originally from 2009)
More than 70 years ago was the start of the biggest massacre in history.
The new fortitude of the parliamentary Assembly of the OSCE entirely equalizes the role of the Soviet Union and Nazi Germany at the conflict of the Second World War, only that it had the quite useful purpose of extorting income from Russia on the essence of some of the broke economies, dictated to demonize Russia as the inheritor state to the USSR, and to ready the authorised belligerent for the damage of her right to pronounce out against rider of results of war.
But if we proceed the problem of shortcoming for the war, then you first need to answer the pivotal question: who helped the Nazis come to power? Who sent them on their way to universe catastrophe? The whole pre-war story of Germany shows that the sustenance of the “necessary” policies were managed by the financial turmoil, in which, by the way, the universe was plunged into.
The pivotal structures that tangible the post-war growth strategy of the West were the Central financial institutions of Great Britain and the United States — the Bank of England and the Federal Reserve System (FRS) — and the compared financial and industrial organizations set out a aim to settle comprehensive control over the financial complement of Germany to control domestic processes in Central Europe. To exercise this strategy it is probable to allot the following stages:
1st: from 1919 to 1924 — to ready the belligerent for vast American financial investment in the German economy;
2nd: from 1924 to 1929 — the investiture of control over the financial complement of Germany and financial support for inhabitant socialism;
3rd: from 1929 to 1933 — inspiring and unleashing a low financial and mercantile predicament and ensuring the Nazis come to power;
4th: from 1933 to 1939 — financial team-work with the Nazi supervision and support for its expansionist unfamiliar policy, directed at scheming and unleashing a new World War.
In the first stage, the categorical levers to safeguard the invasion of American collateral into Europe began with fight debts and the closely associated problem of German reparations. After the US’ grave entrance into the first World War, they gave the allies (primarily England and France) loans to the volume of $8.8 billion. The sum sum of fight debts, including loans postulated to the United States in 1919-1921, was some-more than $11 billion.
To solve this problem, debtor countries tried to levy a outrageous volume of intensely formidable conditions for the remuneration of reparations at the responsibility of Germany. This was caused by the moody of German collateral abroad, and the refusal to compensate taxes led to a state bill necessity that could be covered only by mass prolongation of unsecured Marks. The outcome was the fall of the German banking — the “great inflation” of 1923, which amounted to 578 (512%), when the dollar was worth 4.2 trillion Marks. German Industrialists began to plainly harm all activities in the remuneration of repair obligations, which eventually caused the famous “Ruhr crisis” — Franco-Belgian function of the Ruhr in Jan 1923.
The Anglo-American statute circles, in sequence to take the commencement in their own hands, waited for France to get held up in a venturing journey and to infer its inability to solve the problem. US Secretary of State Hughes forked out: “It is required to wait for Europe to mature in sequence to accept the American proposal.”
The new devise was grown in the inlet of “JP Morgan Co.” under the instruction of the conduct of the Bank of England, Montagu Norman. At the core of his ideas was representative of the “Dresdner Bank” Hjalmar Schacht, who formulated it in Mar 1922 at the idea of John Foster Dulles (future Secretary of state in the Cabinet of President Eisenhower) and authorised confidant to President W. Wilson at the Paris assent conference. Dulles gave this note to the arch Trustee “JP Morgan Co.”, and then JP Morgan endorsed that H. Schacht, M. Norman, and the last of the Weimar rulers. In December, 1923, H. Schacht would spin Manager of the Reichsbank and was instrumental in bringing together the Anglo-American and German financial circles.
In the summer of 1924, the devise famous as the “Dawes plan” (named after the Chairman of the Committee of experts who combined it – American landowner and Director of one of the banks of the Morgan group), was adopted at the London conference. He called for halving the reparations and solved the doubt about the sources of their coverage. However, the categorical charge was to safeguard auspicious conditions for US investment, which was only probable with stabilization of the German Mark.
To this end, the devise gave Germany a vast loan of $200 million, half of which was accounted for by JP Morgan. While the Anglo-American banks gained control not only over the send of German payments, but also for the budget, the complement of financial dissemination and to a vast border the credit complement of the country. By Aug 1924, the old German Mark was transposed by a new, stabilized financial conditions in Germany, and, as the researcher G.D Preparta wrote, the Weimar Republic was prepared for “the many lifelike mercantile assist in history, followed by the many sour collect in universe history” — “an unstoppable flood of American blood poured into the financial veins of Germany.”
The consequences of this were not delayed to appear.
This was essentially due to the fact that the annual reparations were to cover the volume of debt paid by the allies, shaped by the supposed “absurd Weimar circle”. The bullion that Germany paid in the form of fight reparations, was sold, pawned, and left in the US, where it was returned to Germany in the form of an “aid” plan, who gave it to England and France, and they in spin were to compensate the fight debt of the United States. It was then overlayed with interest, and again sent to Germany. In the end, all in Germany lived in debt, and it was transparent that should Wall Street repel their loans, the country will humour finish bankruptcy.
Secondly, nonetheless grave credit was released to secure payment, it was actually the replacement of the military-industrial intensity of the country. The fact is that the Germans were paid in shares of companies for the loans so that American collateral began to actively confederate into the German economy.
The sum volume of unfamiliar investments in German attention during 1924-1929 amounted to almost 63 billion bullion Marks (30 billion was accounted for by loans), and the remuneration of reparations — 10 billion Marks. 70% of revenues were supposing by bankers from the United States, and many of the banks were from JP Morgan. As a result, in 1929, German attention was in second place in the world, but it was mostly in the hands of America’s heading financial-industrial groups.
“Interessen-Gemeinschaft Farbenindustrie”, the categorical retailer of the German fight machine, financed 45% of the election campaign of Hitler in 1930, and was under the control of Rockefeller “Standard oil”. Morgan, by “General Electric”, tranquil the German radio and electrical attention around AEG and Siemens (up to 1933, 30% of the shares of AEG owned “General Electric”) by the Telecom company ITT — 40% of the write network in Germany.
In addition, they owned a 30% interest in the aircraft prolongation company “Focke-Wulf”. “General Motors”, belonging to the DuPont family, determined control over “Opel”. Henry Ford tranquil 100% of the shares of “Volkswagen”. In 1926, with the appearance of the Rockefeller Bank “Dillon, Reed Co.” the second largest industrial corner in Germany after “I.G Farben” emerged — metallurgical regard “Vereinigte Stahlwerke” (Steel trust) Thyssen, Flick, Wolff, Feglera etc.
American team-work with the German military-industrial formidable was so heated and pervasive that by 1933 the pivotal sectors of German attention and vast banks such as Deutsche Bank, Dresdner Bank, Donat Bank etc were under the control of American financial capital.
The domestic force that was dictated to play a essential role in the Anglo-American plans was being concurrently prepared. We are articulate about the appropriation of the Nazi party and A. Hitler personally.
As former German Chancellor Brüning wrote in his memoirs, given 1923, Hitler perceived vast sums from abroad. Where they went is unknown, but they were perceived by Swiss and Swedish banks. It is also famous that, in 1922 in Munich, a assembly took place between A. Hitler and the military attache of the US to Germany – Captain Truman Smith – who gathered a minute report for his Washington superiors (in the bureau of military intelligence), in which he spoke rarely of Hitler.
It was by Smith’s round of acquaintances Hitler was first introduced to Ernst Franz Sedgwick Hanfstaengl (Putzie), a connoisseur of Harvard University who played an critical role in the arrangement of A. Hitler as a politician, rendered him poignant financial support, and cumulative him the familiarity and communication with comparison British figures.
Hitler was prepared in politics, however, while Germany reigned in prosperity, his party remained on the periphery of open life. The conditions changed dramatically with the commencement of the crisis.
Since the autumn of 1929 after the fall of the American batch sell was triggered by the Federal Reserve, the third theatre of the strategy of Anglo-American financial circles started.
The Federal Reserve and JP Morgan motionless to stop lending to Germany, desirous by the banking predicament and mercantile basin in Central Europe. In Sep 1931, England deserted the bullion standard, deliberately destroying the general complement of payments and totally slicing off the financial oxygen to the Weimar Republic.
But a financial spectacle occurred with the Nazi party: in Sep 1930, as a outcome of vast donations from Thyssen, “I.G. Farben”, Kirdorf’s party got 6.4 million votes, and took second place in the Reichstag, after which inexhaustible investments from abroad were activated. The categorical couple between the major German industrialists and unfamiliar financiers became H. Schacht.
On Jan 4th, 1932, a assembly was held between the largest English banker M. Norman, A. Hitler, and von Papen, which resolved a secret agreement on the financing of the NSDAP. This assembly was also attended by US policymakers and the Dulles brothers, something which their biographers do not like to mention. On Jan 14th, 1933, a assembly between Hitler, Schroder, Papen and Kepler took place, where Hitler’s program was entirely approved. It was here that they finally resolved the issue of the send of energy to the Nazis, and on 30th Jan Hitler became Chancellor. The doing of the fourth theatre of the strategy so begun.
The opinion of the Anglo-American statute circles to the new supervision was very sympathetic. When Hitler refused to compensate reparations, which, naturally, called into doubt the remuneration of fight debts, conjunction Britain nor France showed him the claims of the payments. Moreover, after the revisit in the United States in May 1933, H. Schacht was placed again as the conduct of Reichsbank, and after his assembly with the President and the biggest bankers on Wall Street, America allocated Germany new loans totalling $1 billion.
In June, during a outing to London and a assembly with M. Norman, Schacht also sought an English loan of $2 billion, and a rebate and then relinquishment of payments on old loans. Thus, the Nazis got what they could not grasp with the prior government.
In the summer of 1934, Britain sealed the Anglo-German send agreement, which became one of the foundations of British policy towards the Third Reich, and at the finish of the 30’s, Germany became the categorical trade partner of England. Schroeder Bank became the categorical agent of Germany in the UK, and in 1936 his bureau in New York teamed up with the Rockefellers to create the “Schroeder, Rockefeller Co.” investment Bank, which “Times” repository called the “economic proselytizer pivot of Berlin-Rome”. As Hitler himself admitted, he recognised his four-year devise on the basement of unfamiliar financial loans, so it never desirous him with the smallest alarm.
In Aug 1934, American “Standard oil” in Germany acquired 730,000 acres of land and built vast oil refineries that granted the Nazis with oil. At the same time, Germany secretly took delivery of the many complicated apparatus for aircraft factories from the United States, which would start the prolongation of German planes.
Germany perceived a vast series of military patents from American firms Pratt and Whitney”, “Douglas”, “Curtis Wright”, and American record was building the “Junkers-87”. In 1941, when the Second universe fight was raging, American investments in the economy of Germany amounted to $475 million. “Standard oil” invested – 120 million, “General motors” – $35 million, ITT — $30 million, and “Ford” — $17.5 million.
The close financial and mercantile team-work of Anglo-American and Nazi business circles was the credentials against which, in the 30’s, a policy of appeasement led to universe fight II.
Today, when the world’s financial chosen began to exercise the “Great basin — 2” plan, with the successive transition to the “new universe order”, identifying its pivotal role in the classification of crimes against amiability becomes a priority.
Yuri Rubtsov is a alloy of chronological sciences, academic of the Academy of military sciences, and member of the International Association of historians of universe fight II
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