“With London, Paris, and Basel’s compliance, Nazi Germany looted 23.1 metric tons of gold without a shot being fired. More than two-thirds of that gold was traded with the Dutch and Belgian national banks and was eventually transported from Amsterdam and Brussels to the Reichsbank’s vaults in Berlin. Czechoslovakia’s diligent planning to safeguard its national gold reserves, together with its misplaced faith in the integrity of the new international financial system, had come to nothing. [..] Churchill himself demanded to know how the government could urge people to enlist in the military when it was ‘so butter-fingered that six million pounds of gold can be transferred to the Nazi government.'”
Related posts:
Bob Higgs: The Relentless March of the U.S. Police State
The American Hiring Paradigm Is Broken
Bill Bonner: How I Explained Bitcoin to My 94-Year-Old Mother
Why Living in Singapore May (or May Not) Be Right for You
The Fiscal Cliff's Structural Endgame
Vote Harder: The Barack Obama Story
The War on Terror Is a War on American Freedom
To The US Govt, Failure To Disclose Foreign Accounts Is Worse Than Child Porn
Hong Kong Wrong [2006]
In France's Welfare State Status Quo, Are We Seeing America's Future?
7 Lessons I Learned About Investing in Bitcoin
Bill Bonner: The Best Wealth Building Advice You’ll Never Take
IMF Historian Whitewashes The Soviet Spy Career Of The Fund's Founder
It’s Jury Appreciation Day!
Revolutionary France’s Road to Hyperinflation