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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: shades who wrote (67453)8/14/2005 9:30:48 AM
From: Slagle  Read Replies (2) of 74559
 
Shades Re: "fund Hitler" That is just lefty internet mythology. Germany, from the very beginning of the war was under a very effective naval blockade and there really was no "trade" with the outside world. What good would "funding" do and how would you make the transfer? By 1942 the only way would have been by submarine and there is no evidence that subs were used for this in any material way. After the US entered the war there was a single voyage of a sub from Germany to Japan and back, just one.

The Trading with the Enemy Act was a 1919 law and FDR used it in 1933 as the authority to close every bank in the US for a "bank holiday" audit. This action had nothing to do with Hitler or enemies. Later during the war he used it for every purpose, and mainly against political enemies on any excuse, as he hoped it would be an embarassment.

Germany was a major trading partner before the war and there were American owned assets in Germany, including manufacturing capacity like Ford's German operation. Ford had no control of those assets during the war, despite the internet mythology.

American banks loaned vast sums to Germany in the 1920's to forestall a Bolshevik revolution and to provide funds for the French reparations. Of course Germany defaulted on these loans and the banks tried every method to recover the assets, even after the war. Some of them haven't been resolved even yet.

These lefties should save their energy and instead focus on what the elites are doing NOW, rather than insult history by some of their claims.
Slagle
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