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U.S. knows what Nazis did: Imperialism works best by rigging currency markets

Section: Daily Dispatches

3:30p ET Wednesday, July 31, 2013

Dear Friend of GATA and Gold:

Hard upon the Bank of England's belated admission this week that it had been almost as much of a Nazi collaborator as the infamous Bank for International Settlements itself --

-- Jan Skoyles of The Real Asset Co. in London provides what is headlined as "The Full Guide to Nazi Gold and Currency War," history demonstrating how gold, relying on no counterparty, always has been the ultimate money:

Skoyles' analysis touches on a point GATA often has made -- that the primary mechanism of Nazi Germany's looting of Occupied Europe during World War II was not force of arms but the rigging of the currency markets, whereby the currencies of occupied countries were devalued grotesquely against the Reichsmark and some occupied countries were forced to use special occupation currencies that could not be redeemed in Germany itself.

... Dispatch continues below ...


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This rigging of the currency markets in Occupied Europe caused all production to flow into Nazi Germany and permitted it to run a spectacular trade deficit during World War II.

This was described in detail in the November 1943 edition of the U.S. War Department's monthly intelligence letter, Tactical and Technical Trends, which is posted at GATA's Internet site here:

While this stuff is obscure, it is well known to the U.S. government and allied governments. They know that rigging the currency markets, which include the gold market, remains the most efficient mechanism of imperialism, since it is largely surreptitious, so few people can figure it out, and the mainstream financial news media agree not to report about it even as it can be established almost effortlessly, simply by putting a few of the right questions to Western central banks and reporting their indignant refusals to answer --

-- as if control of the world financial system and the value of all capital, labor, goods, and services in the world is nobody else's business. Heil Bernanke!

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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