The Young Plan Propels Hitler Into Power
How could it be that the history books in America omit some of the most important pieces of evidence, that are crucial to real truths, which weighed heavily upon societal degradation of the 20th century? Is there any hard evidence that implicates the reasoning that American bankers helped to enact legislation that would bring a tyrant, a man named Adolf Hitler to power?
The terms shadow banking and shadow government should be used more often in the vernacular when we try to explain the exploitation of vulnerable societies. The public should be aware that deals are made between banks and government state officials; the two entities are surprisingly intertwined with one another. And this is no new anomaly either, as some might have suggested.
It is now a well documented fact that the business journals and newspapers of the 1930’s were very much aware of the threat of the Nazi party:
The business press [in the United States] was aware, from 1935 on, that German prosperity was based on war preparations. More important, it was conscious of the fact that German industry was under the control of the Nazis and was being directed to serve Germany’s rearmament, and the firm mentioned most frequently in this context was the giant chemical empire, I. G. Farben. [Source: Wall Street And The Rise Of Hitler By Antony C. Sutton]
Initially, it was the Dawes Plan that was an attempt to force Germany to pay its debt for World War I. This attempt proved to be unsuccessful. It’s no surprise that a banker and a politician would bear the name of this plan – Charles G. Dawes.
Five years after that plan failed, the Young Plan would bring yet another program, another failed attempt to collect debts from an economically broken country of Germany. Owen D. Young was another powerful businessman and diplomat. He was even man of the year in Time magazine, in the year of 1929.
Without diving into the enormous details involved, the Young Plan would catapult the rise and fame of Adolf Hitler. The Germans were on the brink of a major economic collapse. It appears that the only way to relieve the pain and desperation of the Fatherland, was to totally withdraw the payments to Herbert Hoover and company permanently. Hitler and the Nazis provided the means necessary to accomplish this goal.
The Young Plan being responsible for the rise of Hitler is actually recorded in a U.S. Government Intelligence report:
The acceptance of the Young Plan and its financial principles increased unemployment more and more, until about one million were unemployed. People were desperate. Hitler said he would do away with unemployment. The government in power at that time was very bad, and the situation of the people was getting worse. That really was the reason of the enormous success Hitler had in the election. When the last election came, he got about 40%. [Source: Wall Street And The Rise Of Hitler By Antony C. Sutton]
There were American firms which contributed to Hitler’s Germany. General Motors, Ford, General Electric, Standard Oil, and DuPont are the primary firms that contributed. With the exception of Ford, the elite Wall Street boys controlled most of these companies. If we must be specific here – the J.P. Morgan firm, the Rockefeller Chase Bank, and the Warburg Manhattan bank were the financial institutions that were in control of the situation.
Subsequent to the Young Plan came the Wall Street Crash of 1929. By 1933, nearly two-thirds of world trade had vanished. As was the United States and the rest of Europe, Germany became extremely desperate.
To be sure, Germany was staring in the face of anarchism. Germany saw the unemployment rate go from 33.7% in 1931, to 40% in 1942. Approximately 2,000,000 people were unemployed. About 3,000,000 workers were expected to go on strike. Some have estimated that 6 million people were unemployed by 1932.
And when Germany finally got the bill from the Young Plan, when for the first time the total cost of the war (World War I) was presented to the Germans, the government official nearly fainted on the floor! The cost was going to be $28 billion and was to be paid off in 58 years.
Even after modifications, German elitists and barons grew to hate the debt and the consequences of the debt. There was so much hatred for American capital that Fritz Thyssen, leader of the union, expressed his view that “the Young Plan was one of the principal causes of the upsurge of National Socialism in Germany.”
On the other hand, Henry Ford contributed heavily to the Nazi party. The New York Times ran a report on December 20, 1922, which suggested that Adolf Hitler had a picture of Henry Ford hanging in his office! Of course Henry Ford was not available for comment, and his secretary knew nothing about the reports which came from Berlin.
There are other prominent families that have been linked with financed backers of Nazi Germany.
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