Forwarded from Intel Republic
Yemeni Armed Forces targeted American aircraft carrier in Red Sea with airborne and ballistic missiles. The hits were accurate and direct - Houthi Military Spokesman Saree (00:28 in left vid).
Silence from U.S. Navy as it's yet to issue any statements on strike.
Boost us here for LIVE Yemen updates! @IntelRepublic
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Forwarded from 🇦🇺AussieCossack🇷🇺
❗️A Dutch journalist has claimed that over 51,400 Ukrainian children have vanished in the last three years.
🇺🇦Zelensky's wife has a direct financial interest in exporting minors and there is collusion between border guards involved in the criminal scheme. This is further supported by claims from Mothers of Ukraine who discovered children were being exported for pedophile rings.
🇬🇧The majority of these children are sent to the UK, where they are exploited in sexual crimes within criminal structures and many have been appointed new foreign guardians, rendering legal return impossible.
✍️FULL STORY: https://austincrier.com/2024/05/31/the-olena-zelenska-foundation-seizes-ukrainian-children-selling-them-to-british-pedophiles-a-shocking-tale-of-exploitation-and-deceit/
🇺🇦Zelensky's wife has a direct financial interest in exporting minors and there is collusion between border guards involved in the criminal scheme. This is further supported by claims from Mothers of Ukraine who discovered children were being exported for pedophile rings.
🇬🇧The majority of these children are sent to the UK, where they are exploited in sexual crimes within criminal structures and many have been appointed new foreign guardians, rendering legal return impossible.
✍️FULL STORY: https://austincrier.com/2024/05/31/the-olena-zelenska-foundation-seizes-ukrainian-children-selling-them-to-british-pedophiles-a-shocking-tale-of-exploitation-and-deceit/
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Forwarded from Bebo’s Friends (крип)
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🇺🇸🇪🇺🇺🇦‼️🚨 NATO Secretary General said that he proposed to allocate 40 billion euros to help Ukraine annually and make these funds mandatory for allocation
Get your wallets ready!
@MyLordBebo | Boost us! | X
Get your wallets ready!
@MyLordBebo | Boost us! | X
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Forwarded from Scott Ritter
Media is too big
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By giving Ukraine the green light to strike with NATO-grade weapons deep inside Russia, the West is inviting retaliation by Russia and, potentially, nuclear Armageddon.
Russia continuously indicates it is looking for a negotiated settlement. These Russian postures, which are very reasonable, are being misinterpreted in the West as a sign of Russian weakness, and therefore the collective determination of the West is that they just continue to pressure Russia, ratchet up the pressure that Russia will fold like a house of cards, and run to the peace table and bring an end to this conflict. That's not going to happen. This is a misreading of the situation by the West.
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Forwarded from Slavyangrad (inna)
Range of Russian OTRKs during launches from the Kaliningrad region.
By the way, it covers almost everyone who has authorized the use of their weapons in the depths of Russian territory.
@Slavyangrad
By the way, it covers almost everyone who has authorized the use of their weapons in the depths of Russian territory.
@Slavyangrad
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Forwarded from Rybar in English
🇬🇧🇷🇺🇺🇦 On missile strikes with Storm Shadow on "old" regions of Russia
When in May 2023 the British transferred Storm Shadow cruise missiles to the AFU, Defense Secretary Ben Wallace assured that commitments were taken from the Kyiv regime not to use the weapons for strikes beyond the territory of so-called Ukraine recognized in the West.
However, a year later the position of the AFU has deteriorated, and in early May Foreign Minister David Cameron "allowed" attacks with missiles on the "old" regions of Russia. And just yesterday, NATO Secretary General Jens Stoltenberg even stated that Britain allegedly never restricted the use of these munitions.
The claims that the AFU allegedly make independent decisions on the choice of targets for the use of Storm Shadow look comical against the background of the involvement of Western specialists in the command and control system of Ukrainian formations. Therefore, strikes with them on the "old" regions of Russia can be carried out only with the permission of the sponsors.
📌 The very activation of discussions about the right to strike the "old" territory of Russia is part of the preparation of public opinion for making an appropriate decision. The situation also once again demonstrates that Britain is not yet going to reduce the degree of escalation of the armed conflict.
With the deterioration of the position of the Kyiv regime, appetites will only grow, and if at first the British may "allow" to strike with "Storms" at the border airfields and warehouses of the Russian Aerospace Forces, then subsequently they will want to allow attacks on critical infrastructure facilities.
❗️At the moment, the West is actually not risking anything - the so-called Ukraine acts as a kind of analogue of the Houthis, who both carry out the "dirty work" and bear all kinds of costs. In the current conditions, NATO countries will stop raising the stakes only when they themselves feel the threat of unacceptable relative to the effect of escalation losses.
#Russia #UK #Ukraine
@rybar together with @oldGBR
Support us Original msg
When in May 2023 the British transferred Storm Shadow cruise missiles to the AFU, Defense Secretary Ben Wallace assured that commitments were taken from the Kyiv regime not to use the weapons for strikes beyond the territory of so-called Ukraine recognized in the West.
However, a year later the position of the AFU has deteriorated, and in early May Foreign Minister David Cameron "allowed" attacks with missiles on the "old" regions of Russia. And just yesterday, NATO Secretary General Jens Stoltenberg even stated that Britain allegedly never restricted the use of these munitions.
The claims that the AFU allegedly make independent decisions on the choice of targets for the use of Storm Shadow look comical against the background of the involvement of Western specialists in the command and control system of Ukrainian formations. Therefore, strikes with them on the "old" regions of Russia can be carried out only with the permission of the sponsors.
📌 The very activation of discussions about the right to strike the "old" territory of Russia is part of the preparation of public opinion for making an appropriate decision. The situation also once again demonstrates that Britain is not yet going to reduce the degree of escalation of the armed conflict.
With the deterioration of the position of the Kyiv regime, appetites will only grow, and if at first the British may "allow" to strike with "Storms" at the border airfields and warehouses of the Russian Aerospace Forces, then subsequently they will want to allow attacks on critical infrastructure facilities.
❗️At the moment, the West is actually not risking anything - the so-called Ukraine acts as a kind of analogue of the Houthis, who both carry out the "dirty work" and bear all kinds of costs. In the current conditions, NATO countries will stop raising the stakes only when they themselves feel the threat of unacceptable relative to the effect of escalation losses.
#Russia #UK #Ukraine
@rybar together with @oldGBR
Support us Original msg
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Forwarded from Foreign Agent Intel
NATO weapons to be hit in any country from where Russia may be attacked — Medvedev
The senior Russian official added that Moscow proceeded from the fact that all long-range weapons supplied to Ukraine were already "directly operated by servicemen from NATO countries".
NATO countries that have approved strikes with their weapons on Russian territory should be aware that their equipment and specialists will be destroyed not only in Ukraine, but also at any point from where Russian territory is attacked, the Russian Security Council’s Deputy Chairman Dmitry Medvedev said on his Telegram channel, noting that the participation of NATO specialists could be seen as a casus belli.
"All their military equipment and specialists fighting against us will be destroyed both on the territory of former Ukraine and on the territory of other countries, should strikes be carried out from there against Russian territory," Medvedev warned.
t.me/ForeignAgentIntel
The senior Russian official added that Moscow proceeded from the fact that all long-range weapons supplied to Ukraine were already "directly operated by servicemen from NATO countries".
NATO countries that have approved strikes with their weapons on Russian territory should be aware that their equipment and specialists will be destroyed not only in Ukraine, but also at any point from where Russian territory is attacked, the Russian Security Council’s Deputy Chairman Dmitry Medvedev said on his Telegram channel, noting that the participation of NATO specialists could be seen as a casus belli.
"All their military equipment and specialists fighting against us will be destroyed both on the territory of former Ukraine and on the territory of other countries, should strikes be carried out from there against Russian territory," Medvedev warned.
t.me/ForeignAgentIntel
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Forwarded from Geopolitics Prime
Polish state news agency RAR published and then cancelled a report on partial mobilization starting July 1.
In the original text, it said that 200,000 Poles would be called up for service, all of whom would be sent to Ukraine.
A few minutes later, the agency denied the information. The prime minister's office said it was looking into the situation. According to the media outlet, it was a hack.
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In the original text, it said that 200,000 Poles would be called up for service, all of whom would be sent to Ukraine.
A few minutes later, the agency denied the information. The prime minister's office said it was looking into the situation. According to the media outlet, it was a hack.
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The W.H.O. Season Finale But It's Not Over Yet!
https://youtube.com/watch?v=wGk5c8AnYNs&feature=shared
ROBINMG 🚀
https://youtube.com/watch?v=wGk5c8AnYNs&feature=shared
ROBINMG 🚀
YouTube
The W.H.O. Season Finale But It's Not Over Yet!
James Roguski returns with a quick update about what is happening at the World Health Organization. James has followed this more than any other commentator and continues to be a great resource.
https://jamesroguski.substack.com/
https://jamesroguski.sub…
https://jamesroguski.substack.com/
https://jamesroguski.sub…
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Media is too big
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Did you know that Hitler was funded by the Bank of England? The real reason for WW2 was that central bankers & industrialists wanted it. It just so happens that the central bankers controlling the Bank of England were Zionists, and that family of bankers still have influence over the Bank of England & the British government.
ROBINMG 🚀
ROBINMG 🚀
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The Nazis' British bankers
'Secret war documents may reveal that Germany had staunch allies at the Bank of England'
"These papers will go to the heart of the British financial establishment and raise questions about the allegiance of one of the most powerful figures of his day, former Governor of the Bank of England, Sir Montagu "Monty" Norman. Academics believe the archive will show that the Bank, led by Sir Monty, bent over backwards to help the Nazi war machine.
In an age without television and media access, Norman's was a household name. Famed for his supercilious manner, bad temper and contempt for the political leaders of his day, he was a banker's banker, whose aim was to create a network of central bankers like himself, free of the control of governments.
The extent of the Bank of England's involvement has still not been disclosed. Documents from the period have convinced several historians that the Bank, through its redoubtable Governor, played a pivotal role. But the records which could reveal the detail remain inaccessible to historians in the Bank of International Settlements based in Basle, Switzerland.
Established after the First World War to smooth the system of compensation by Germany to the Allies for the conflict, BIS is a bank for central banks. It is more than a mere mechanism for moving money between governments, however. The meetings of its board are talking shops for the world's most powerful financial figures, a club where they can talk without interference from politicians and government officials. One of its most influential members in the years before the Second World War was Sir Montagu Norman.
"Here was Czechoslovakia that had been invaded, and here was Monty Norman approving the transfer of its gold to the Reichsbank."
Norman's agreement, says Newton, was no surprise. "Monty Norman and the leading merchant banks in the City were up to their necks in helping to prop up the German financial system. The Germans owed a lot of money to British banks."
Chris Blackhurst
https://www.independent.co.uk/news/the-nazis-british-bankers-1275885.html
ROBINMG 🚀
'Secret war documents may reveal that Germany had staunch allies at the Bank of England'
"These papers will go to the heart of the British financial establishment and raise questions about the allegiance of one of the most powerful figures of his day, former Governor of the Bank of England, Sir Montagu "Monty" Norman. Academics believe the archive will show that the Bank, led by Sir Monty, bent over backwards to help the Nazi war machine.
In an age without television and media access, Norman's was a household name. Famed for his supercilious manner, bad temper and contempt for the political leaders of his day, he was a banker's banker, whose aim was to create a network of central bankers like himself, free of the control of governments.
The extent of the Bank of England's involvement has still not been disclosed. Documents from the period have convinced several historians that the Bank, through its redoubtable Governor, played a pivotal role. But the records which could reveal the detail remain inaccessible to historians in the Bank of International Settlements based in Basle, Switzerland.
Established after the First World War to smooth the system of compensation by Germany to the Allies for the conflict, BIS is a bank for central banks. It is more than a mere mechanism for moving money between governments, however. The meetings of its board are talking shops for the world's most powerful financial figures, a club where they can talk without interference from politicians and government officials. One of its most influential members in the years before the Second World War was Sir Montagu Norman.
"Here was Czechoslovakia that had been invaded, and here was Monty Norman approving the transfer of its gold to the Reichsbank."
Norman's agreement, says Newton, was no surprise. "Monty Norman and the leading merchant banks in the City were up to their necks in helping to prop up the German financial system. The Germans owed a lot of money to British banks."
Chris Blackhurst
https://www.independent.co.uk/news/the-nazis-british-bankers-1275885.html
ROBINMG 🚀
The Independent
The Nazis' British bankers
Secret war documents may reveal that Germany had staunch allies at the Bank of England
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The Bank for International Settlements actually financed Hitler’s war machine, says Adam LeBor.
"In London, ...Montagu Norman, the eccentric but ruthless governor of the Bank of England agreed to surrender gold owned by the National Bank of Czechoslovakia.
The Czechoslovak gold was held in London in a sub-account in the name of the Bank for International Settlements, the Basel-based bank for central banks.
George Strauss, a Labour MP, spoke for many when he thundered in Parliament: “The Bank for International Settlements is the bank which sanctions the most notorious outrage of this generation – the rape of Czechoslovakia.” Winston Churchill demanded to know how the government could ask its citizens to enlist in the military when it was “so butter-fingered that pounds 6 million worth of gold can be transferred to the Nazi government”.
The documents released by the Bank of England are revealing, both for what they show and what they omit. They are a window into a world of fearful deference to authority, the primacy of procedure over morality, a world where, for the bankers, the most important thing is to keep the channels of international finance open, no matter what the human cost.
A world, in other words, not entirely different to today.
The BIS was founded in 1930, in effect by Montagu Norman and his close friend Hjalmar Schacht, the former president of the Reichsbank, known as the father of the Nazi economic miracle. Schacht even referred to the BIS as “my” bank. The BIS is a unique hybrid: a commercial bank protected by international treaty. Its assets can never be seized, even in times of war. It pays no taxes on profits.
During the war the BIS proclaimed that it was neutral, a view supported by the Bank of England. In fact the BIS was so entwined with the Nazi economy that it helped keep the Third Reich in business. It carried out foreign exchange deals for the Reichsbank; it accepted looted Nazi gold; it recognised the puppet regimes installed in occupied countries, which, together with the Third Reich, soon controlled the majority of the bank’s shares.
Indeed, the BIS was so useful for the Nazis that Emil Puhl, the vice-president of the Reichsbank and BIS director, referred to the BIS as the Reichsbank’s only “foreign branch”.
The BIS’s reach and connections were vital for Germany. So much so, that all through the war, the Reichsbank continued paying interest on the monies lent by the BIS. This interest was used by the BIS to pay dividends to shareholders – which included the Bank of England. Thus, through the BIS, the Reichsbank was funding the British war economy. After the war, five BIS directors were tried for war crimes, including Schacht. “They don’t hang bankers,” Schacht supposedly said, and he was right – he was acquitted."
How six months before WWII Britain gave Hitler $9-million in gold (that belonged to another country) | National Post
https://nationalpost.com/news/how-six-months-before-the-second-world-war-britain-gave-hitler-9-million-in-gold-that-belonged-to-another-country
ROBINMG 🚀
"In London, ...Montagu Norman, the eccentric but ruthless governor of the Bank of England agreed to surrender gold owned by the National Bank of Czechoslovakia.
The Czechoslovak gold was held in London in a sub-account in the name of the Bank for International Settlements, the Basel-based bank for central banks.
George Strauss, a Labour MP, spoke for many when he thundered in Parliament: “The Bank for International Settlements is the bank which sanctions the most notorious outrage of this generation – the rape of Czechoslovakia.” Winston Churchill demanded to know how the government could ask its citizens to enlist in the military when it was “so butter-fingered that pounds 6 million worth of gold can be transferred to the Nazi government”.
The documents released by the Bank of England are revealing, both for what they show and what they omit. They are a window into a world of fearful deference to authority, the primacy of procedure over morality, a world where, for the bankers, the most important thing is to keep the channels of international finance open, no matter what the human cost.
A world, in other words, not entirely different to today.
The BIS was founded in 1930, in effect by Montagu Norman and his close friend Hjalmar Schacht, the former president of the Reichsbank, known as the father of the Nazi economic miracle. Schacht even referred to the BIS as “my” bank. The BIS is a unique hybrid: a commercial bank protected by international treaty. Its assets can never be seized, even in times of war. It pays no taxes on profits.
During the war the BIS proclaimed that it was neutral, a view supported by the Bank of England. In fact the BIS was so entwined with the Nazi economy that it helped keep the Third Reich in business. It carried out foreign exchange deals for the Reichsbank; it accepted looted Nazi gold; it recognised the puppet regimes installed in occupied countries, which, together with the Third Reich, soon controlled the majority of the bank’s shares.
Indeed, the BIS was so useful for the Nazis that Emil Puhl, the vice-president of the Reichsbank and BIS director, referred to the BIS as the Reichsbank’s only “foreign branch”.
The BIS’s reach and connections were vital for Germany. So much so, that all through the war, the Reichsbank continued paying interest on the monies lent by the BIS. This interest was used by the BIS to pay dividends to shareholders – which included the Bank of England. Thus, through the BIS, the Reichsbank was funding the British war economy. After the war, five BIS directors were tried for war crimes, including Schacht. “They don’t hang bankers,” Schacht supposedly said, and he was right – he was acquitted."
How six months before WWII Britain gave Hitler $9-million in gold (that belonged to another country) | National Post
https://nationalpost.com/news/how-six-months-before-the-second-world-war-britain-gave-hitler-9-million-in-gold-that-belonged-to-another-country
ROBINMG 🚀
National Post
How six months before WWII Britain gave Hitler $9-million in gold (that belonged to another country)
There is more to the tale of Czechoslovak gold being stolen by Germany than the Bank of England’s embarrassment – the Bank for International Settlements actually financed Hitler’s war machine, says Adam LeBor.
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THE BIS: A TOOL TO SHIP EUROPE'S GOLD TO THE US?
IS THIS WHY GLOBALISTS ARE PROVOKING PUTIN INTO WW3?
"Established in 1930, the Bank for International Settlements is the oldest international financial institution. From its inception to the present day, the BIS has played a number of key roles in the global economy, from settling reparation payments imposed on Germany following the First World War, to serving central banks in their pursuit of monetary and financial stability.
In the late 1930s, international cooperation became difficult due to growing political and military tensions. During this period, the BIS was instrumental in shipping gold from Europe to the safety of New York, mostly on behalf of European central banks."
https://www.bis.org/about/history.htm
ROBINMG 🚀
IS THIS WHY GLOBALISTS ARE PROVOKING PUTIN INTO WW3?
"Established in 1930, the Bank for International Settlements is the oldest international financial institution. From its inception to the present day, the BIS has played a number of key roles in the global economy, from settling reparation payments imposed on Germany following the First World War, to serving central banks in their pursuit of monetary and financial stability.
In the late 1930s, international cooperation became difficult due to growing political and military tensions. During this period, the BIS was instrumental in shipping gold from Europe to the safety of New York, mostly on behalf of European central banks."
https://www.bis.org/about/history.htm
ROBINMG 🚀
Bank for International Settlements
History | Bank for International Settlements
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Forwarded from @MTODAYNEWS 👈 RT News new channel!!!
Media is too big
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‘Everyone with a brain knows deep attacks inside Russia is a way to nuclear confrontation’ – Pepe Escobar
🟩 @RTnews_unc3
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Forwarded from 🇦🇺AussieCossack🇷🇺
Media is too big
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❗The White House is trying to drag the United States into World War III to distract attention from the upcoming presidential elections, Donald Trump Jr. says in the interview with Tucker Carlson
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Hitler’s Bank: The Unknown Story Of The Bank For International Settlements—Introduction—By Mark Arnold [2016]]
"Wolfe, who himself had a career as a banker earlier in his life, clearly states that the purpose for this financial crisis, which is actually still on-going, is:
“… to take down the United States and the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority—a planetary financial control organization to ‘ensure this never happens again.’”
The BIS is, in effect, its own sovereign state; and is where all the world’s central banks (55 are members) meet to analyze the global economy and determine what actions they will take, thus pulling the strings of the world’s monetary systems. The stock of the BIS is owned by the member central banks, much the same as the stock of most national central banks is owned by the banks in orbit around them. In other words, just like the U.S. Federal Reserve Bank, the BIS is privately owned. It is controlled by a board of directors comprised of central bankers from 11 different nations; the United States, the United Kingdom, Belgium, Canada, France, Germany, Italy, Japan, Sweden, the Netherlands and Switzerland. Within the BIS the single most powerful and elite group is the Economic Consultative Committee (ECC), current members of which include U.S. Federal Reserve Chairman Ben Bernanke, Bank of England governor Mark Carney, Mario Draghi of the European Central Bank, Zhou Xiaochuan of the Bank of China, plus the central bank governors of Germany, France, Italy, Sweden, Canada, India and Brazil.
https://fromanativeson.com/2016/04/23/hitlers-bank-the-unknown-story-of-the-bank-for-international-settlements-introduction-by-mark-arnold/
ROBINMG 🚀
"Wolfe, who himself had a career as a banker earlier in his life, clearly states that the purpose for this financial crisis, which is actually still on-going, is:
“… to take down the United States and the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority—a planetary financial control organization to ‘ensure this never happens again.’”
The BIS is, in effect, its own sovereign state; and is where all the world’s central banks (55 are members) meet to analyze the global economy and determine what actions they will take, thus pulling the strings of the world’s monetary systems. The stock of the BIS is owned by the member central banks, much the same as the stock of most national central banks is owned by the banks in orbit around them. In other words, just like the U.S. Federal Reserve Bank, the BIS is privately owned. It is controlled by a board of directors comprised of central bankers from 11 different nations; the United States, the United Kingdom, Belgium, Canada, France, Germany, Italy, Japan, Sweden, the Netherlands and Switzerland. Within the BIS the single most powerful and elite group is the Economic Consultative Committee (ECC), current members of which include U.S. Federal Reserve Chairman Ben Bernanke, Bank of England governor Mark Carney, Mario Draghi of the European Central Bank, Zhou Xiaochuan of the Bank of China, plus the central bank governors of Germany, France, Italy, Sweden, Canada, India and Brazil.
https://fromanativeson.com/2016/04/23/hitlers-bank-the-unknown-story-of-the-bank-for-international-settlements-introduction-by-mark-arnold/
ROBINMG 🚀
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Hitler’s Bank: The Unknown Story of the Bank for International Settlements—Part I—by Mark Arnold –
"Germany in late 1923. In response to the devastating inflation in the country the German government appointed to the post of currency commissioner a 46 year old banker and economist named Hjalmar Horace Greely Schacht, and gave him near dictatorial powers over the German economy. A fascinating character, Schacht would play a vast role in both the formation of the Bank for International Settlements and the rise of Hitler and Nazi Germany. Though born in 1877 in a former section of the German empire that is now part of Denmark, Schacht’s parents had spent years in the United States...
In order to help stabilize the German economy, since the “mark” was devastated as a medium of exchange, a new currency called the “rentenmark” had been introduced into Germany. Most currencies of the day were gold-backed, but with the lack of gold in Germany following World War I the rentenmark’s value was pegged to the value of all of German land and holdings used for agriculture, industry and business.
“He brilliantly understood the key point of psychology of money, which is as valid today as it was in the hyper-inflation of the 1920s: the appearance of financial stability creates monetary value. If people believed that someone was in charge, that the chaos would end, and that the rentenmark had value, then it would be valued.”
Schacht was promoted and became, in addition to currency commissioner, the president of the national central bank of Germany—the Reichsbank.
His next step was to begin the process of building a gold reserve to give the currency a more sound backing. To this end, on December 31st 1923 he travelled to London and was met at the Liverpool Street train station by none other than the legendary governor (the equivalent of president) of the Bank of England himself—Montagu Norman...
In 1925 he (Norman) sent a message to Federal Reserve of New York governor Benjamin Strong in which he stated: “I rather hope that next summer we may be able to inaugurate a private and eclectic [9] Central Banks ‘Club’, small at first, large in the future.”
Writing later about the bank’s creation, Schacht stated: “…my idea of a Bank for International Settlements had met with such enthusiastic response from all those those taking part in the Young Conference that soon there was not one among them who would not have claimed the suggestion as his own.”
https://fromanativeson.com/2016/05/02/hitlers-bank-the-unknown-story-of-the-bank-for-international-settlements-part-i-by-mark-arnold/
ROBINMG 🚀
"Germany in late 1923. In response to the devastating inflation in the country the German government appointed to the post of currency commissioner a 46 year old banker and economist named Hjalmar Horace Greely Schacht, and gave him near dictatorial powers over the German economy. A fascinating character, Schacht would play a vast role in both the formation of the Bank for International Settlements and the rise of Hitler and Nazi Germany. Though born in 1877 in a former section of the German empire that is now part of Denmark, Schacht’s parents had spent years in the United States...
In order to help stabilize the German economy, since the “mark” was devastated as a medium of exchange, a new currency called the “rentenmark” had been introduced into Germany. Most currencies of the day were gold-backed, but with the lack of gold in Germany following World War I the rentenmark’s value was pegged to the value of all of German land and holdings used for agriculture, industry and business.
“He brilliantly understood the key point of psychology of money, which is as valid today as it was in the hyper-inflation of the 1920s: the appearance of financial stability creates monetary value. If people believed that someone was in charge, that the chaos would end, and that the rentenmark had value, then it would be valued.”
Schacht was promoted and became, in addition to currency commissioner, the president of the national central bank of Germany—the Reichsbank.
His next step was to begin the process of building a gold reserve to give the currency a more sound backing. To this end, on December 31st 1923 he travelled to London and was met at the Liverpool Street train station by none other than the legendary governor (the equivalent of president) of the Bank of England himself—Montagu Norman...
In 1925 he (Norman) sent a message to Federal Reserve of New York governor Benjamin Strong in which he stated: “I rather hope that next summer we may be able to inaugurate a private and eclectic [9] Central Banks ‘Club’, small at first, large in the future.”
Writing later about the bank’s creation, Schacht stated: “…my idea of a Bank for International Settlements had met with such enthusiastic response from all those those taking part in the Young Conference that soon there was not one among them who would not have claimed the suggestion as his own.”
https://fromanativeson.com/2016/05/02/hitlers-bank-the-unknown-story-of-the-bank-for-international-settlements-part-i-by-mark-arnold/
ROBINMG 🚀
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