80 years after the end of World War II
A critical commentary by Ernst Wolff on the role of the USA
The battle between the USA and Germany in the First World War for the succession to the British Empire, the role of the USA in the rise and retention of power of the National Socialists and the true profiteers of the Marshall Plan. A different view.
Because Ernst Wolff’s analysis of the historical backgrounds in this video is only available in German I shall summarize the most important points of his theses:
After the decline of the British Empire, there were two competitors for its succession: the USA and Germany. Both countries had undergone gigantic industrial development since the 1870s: the USA after the Civil War from 1860 to 1865 and Germany after the founding of the German Empire in 1871. The latter lost the battle in the First World War and, as the loser, had to make huge reparations payments under the Treaty of Versailles of 1919. These payments were officially declared as “reparations”. According to Wolff, instead of being used for the victims of the First World War, the reparations payments were instead used to pay off the war loans from the big Wall Street banks. “In this way, the working population in Germany ensured that the Wall Street banks became ever richer.”
The banks thanked wealthy Europeans with cheap loans, which led in Germany to the Golden Twenties aka Roaring Twenties, continues Wolff. But when the Federal Reserve raised interest rates again in 1928, this led to the Black Friday and the Great Depression in the USA as well as mass unemployment in Germany - and the rise of the National Socialists. Wolff argues that the financial collapse was orchestrated, allowing the big Wall Street banks to absorb ten thousands of small banks.
In 1930, the Bank for International Settlements was founded to organize Germany's reparations obligations. However, these payments were stopped just one year later due to the global economic crisis. After Germany attacked Poland in 1939, it also invaded the Czech Republic and looted their gold. This looted gold was then sold on the international markets via the Bank for International Settlements in Switzerland, in which the USA had the largest voting right. Wolff therefore suspects that the bank was founded from the outset with a purpose other than that officially stated.
Incidentally, the German invasion of Poland 1939 took place with 15,000 trucks of the Adam Opel brand, which had belonged to General Motors, the largest American car manufacturer, since 1927. “The USA could have ensured that the invasion would have not to take place in this way”, says Wolff. During the bombing of German cities in the war, American bombers spared companies in which American investors were involved.
After the war, the Marshall Plan was adopted, which is widely seen as the great aid measure with which Europe, and especially Germany, was rebuilt. However, according to Wolff, the Marshall Plan consisted largely of loans that had to be repaid. They also were tied to the condition that they be used to buy American goods. “Naturally, these funds were American government tax dollars, i. e. paid by US citizens. They were then funneled via Europe into the coffers of major US corporations.” The significant economic growth in the 1950s in Germany, however, was not due to the Marshall Plan, says Wolff, but rather to the great devastation of World War II. “A country that is completely devastated must be rebuilt. This phase is always a time in which incredibly high earnings can be made, in which many jobs are created. In which everyone feels that things are on the up.” But, he concludes, this phase will not last.
Ernst Wolff was born in 1950 in Tianjin, China. After graduating from high school in Germany, he studied philosophy and history in the United States. After writing a critical article in a student newspaper against the Vietnam War, he was expelled. Wolff is the author of business bestsellers, a children's book, and screenplays, as well as a speaker and he operates its own channels on YouTube, Telegram and Odysee.
The video does not automatically reflect the opinion of the blog operator.