Germany to Pay Last WWI Reparations
source: http://www.spiegel.de/international/germany/0,1518,720156,00.html
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- rodstradamus
- added this
Germany will make its last reparations payment for World War I on Oct. 3, settling its outstanding debt from the 1919 Versailles Treaty and quietly closing the final chapter of the conflict that shaped the 20th century.
Oct. 3, the 20th anniversary of German unification, will also mark the completion of the final chapter of World War I with the end of reparations payments 92 years after the country's defeat.
The German government will pay the last installment of interest on foreign bonds it issued in 1924 and 1930 to raise cash to fulfill the enormous reparations demands the victorious Allies made after World War I.
The reparations bankrupted Germany in the 1920s and the fledgling Nazi party seized on the resulting public resentment against the terms of the Versailles Treaty.
The sum was initially set at 269 billion gold marks, around 96,000 tons of gold, before being reduced to 112 billion gold marks by 1929, payable over a period of 59 years.
Germany suspended annual payments in 1931 during the global financial crisis and Adolf Hitler unsurprisingly declined to resume them when he came to power in 1933.
But in 1953, West Germany agreed at an international conference in London to service its international bond obligations from before World War II. In the years that followed it repaid the principal on the bonds, which had been issued to private and institutional investors in countries including the United States.
more at link...
"...private and institutional investors in countries including the United States"
aka Rockefellers, Fords, Harrimans, Morgans, Rothschilds, Federal Reserve, Queen of England, basically the entire New World Order funding both sides of the wars.
Oct. 3, the 20th anniversary of German unification, will also mark the completion of the final chapter of World War I with the end of reparations payments 92 years after the country's defeat.
The German government will pay the last installment of interest on foreign bonds it issued in 1924 and 1930 to raise cash to fulfill the enormous reparations demands the victorious Allies made after World War I.
The reparations bankrupted Germany in the 1920s and the fledgling Nazi party seized on the resulting public resentment against the terms of the Versailles Treaty.
The sum was initially set at 269 billion gold marks, around 96,000 tons of gold, before being reduced to 112 billion gold marks by 1929, payable over a period of 59 years.
Germany suspended annual payments in 1931 during the global financial crisis and Adolf Hitler unsurprisingly declined to resume them when he came to power in 1933.
But in 1953, West Germany agreed at an international conference in London to service its international bond obligations from before World War II. In the years that followed it repaid the principal on the bonds, which had been issued to private and institutional investors in countries including the United States.
more at link...
"...private and institutional investors in countries including the United States"
aka Rockefellers, Fords, Harrimans, Morgans, Rothschilds, Federal Reserve, Queen of England, basically the entire New World Order funding both sides of the wars.
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CalPal
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Wow, its really taken that long to pay it off?!
I wonder what will happen with Germany, now that its WWI debt is paid off... does it have a WWII debt to pay as well?
- 1 year ago
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CalPal
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rodstradamus
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http://current.com/entertainment/movies/92318392_wall-street-and-the-rise-of-hit...
Don't let the video quality fool you, Wall Street and the Rise of Hitler could be one of the most important documentaries you'll ever see. Antony Sutton's books are so hard to find. Without this video and the one he did on Skull and Bones, he may have been lost in history. Must watch! - 1 year ago
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rodstradamus
