German fiscal policy the the 1920's and '30's partly responsible for the Great Depression? Similar policies in the 1990's and later responsible for the global financial crisis?; The Underground Reich?
FTR #671 Update on the Meltdown, Part 4 - Germany, the Underground Reich and the Global Financial Crisis
Posted May 26, 2009 by Dave Emory, in Category: For The Record
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The program begins with an article noting German foreshadowing of the present global financial crisis more than 60 years ago. In a 1950 Circular Letter, Underground Reich functionaries noted that a U.S. economic collapse would open up great opportunities for a “new world order,” led by a newly ascendant Germany. Developing the thesis that the events foreseen in 1950 may have actually been engineered by the Federal Republic [of Germany], much of the broadcast features analysis attributing the financial collapse of 2008 to deliberate fiscal policy enacted by the German dominated European Central Bank.
Comparing German economic policy in the immediate pre-Hitler period with that pursued by Germany during the first decade of the European Monetary Union, author Sara Moore sees parallel and deliberate deflationary stances as central to both the onset of the Great Depression and the 2008 global financial collapse. Moore’s thesis maintains that deliberately low ECB interest rates instituted after the inception of the Euro led to a global capital flow to the U.S. Following the ECB’s multiple rate increases in the middle of this decade, Moore sees that capital flow reversing, helping to precipitate the current debacle.
After analysis of parallels between 1930 Germany and the contemporary Federal Republic, we review the continuity between the economic policy advocated by Pan-German theoretician Friedrich Listand those pursued by the Third Reich and the contemporary Federal Republic. Specifically, the program notes that List’s theory for a German-dominated central European economic union wasimplemented by the Third Reich and then institutionalized by the Federal Republic in the form of the European Monetary Union.
After noting journalist Dorothy Thompson’s 1940 account of Germany’s plans for a Nazi-controlled U.S. featuring liaisons with key U.S. industrial figures, the broadcast reviews the Nazis 1944 planning for the postwar, including their high regard for Bush family-controlled businesses.
Of particular interest for readers of this description is an article not included in the original program. A recent Daily Mail story chronicles the August 10, 1944 meeting at which Third Reich industrialists and SS officers set forth the Nazi plans to go underground and perpetuate their empire through economic, not military, dominance. Noting the political continuity between the Third Reich and the “new” Federal Republic, the article supplements For The Record’s analysis that the EMU and the EU are the actual realization of the Third Reich’s postwar contingency planning.
The program concludes by noting the role that key personnel frommajor German corporations played in advocating the bailout programsthat the Obama administration has implemented. This should be understood in the context of the Bormann capital network’s control of corporate Germany. Significantly, many of AIG’s bailout paymentswent to financial institutions controlled by the Underground Reich and the Bormann network.
Program Highlights Include: Similarity between the taxation, wage regulation and industrial export policy pursued by German Chancellor Bruning in the immediate pre-Hitler period and those instituted by the Federal Republic in the early part of this decade; review of the links between the SS and Ludwig Erhard (who became Economics Minister and then Chancellor–widely credited as the author of the “German economic miracle”); AIG’s bailout payments to Deutsche Bank and UBS (both key Bormann capital network affiliates).
NOTE: A respected source attributes the crisis to the flow of capital from commercial banks to investment banks.
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