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Wednesday, September 29, 2010

World War I Ends on Sunday as Germany Pays it Debt

This is incredibly significant in terms of a positive change in the economic system. We are dealing with elites here and debts survive generations until they are paid. You could say that all subsequent Wars are built upon the unpaid debts of WWI.
The resolutions between warring factions of secret societies is a positive sign that perhaps we are going back to a Gold/Silver standard worldwide.



On Sunday, the first World War will come to an end. Germany will pay the last of its war debt, a sum of nearly $95 million, which was imposed on the country during the Treaty of Versailles in 1919.

“On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany,” said Bild, the country’s biggest selling newspaper.

The Telegraph reports that Germany’s war debt would have been paid much earlier, but Adolf Hitler reneged on the reparations during his reign. The debt spurred hatred which helped propel Nazis to power, and was one causes of the Second World War.

On Sunday the last bill is due and the First World War finally, financially at least, terminates for Germany," said Bild, the country's biggest selling newspaper.
Most of the money goes to private individuals, pension funds and corporations holding debenture bonds as agreed under the Treaty of Versailles, where Germany was made to sign the 'war guilt' clause, accepting blame for the war.
The principal representative of the British Treasury at the Paris Peace Conference, John Maynard Keynes, resigned in June 1919 in protest at the scale of the demands.
"Germany will not be able to formulate correct policy if it cannot finance itself,' he warned.
When the Wall Street Crash came in 1929, the Weimar Republic spiralled into debt. Four years later, Hitler was elected Chancellor of Germany.

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