With a focus purely on Central Banks this video goes some way to answering a question I had no answer to: How did Germany go from the Wiemar Republic that endured Hyperinflation in the 1920’s through the Great Depression in the 1929 crash to being a growing economy that ultimately became the most advanced armed nation by 1938? In the great scheme of things the path described goes from ultimate bust, through a great depression to a great economic boom over a period little longer than 10 years.
Indeed Adolf Hitler was the cover star of Time Magazine for 1938. How did all this happen, and why did it result in World War 2?
Also poised by this video, with the assassination of the Archduke Franz Ferdinand of Austria, an assassination committed by a Serb in Sarajevo, the result is the First World War that happens to be across France, between England and Germany. How did this event spark such a war between these nations? What is the connection?
Joining the dots over these world changing events helps us understand the events in Iraq, Libya, the changes from the Gold backed Dollar to the Petrodollar and why there may yet be greater problems ahead.
To quote from the Dailymail Online linked article above:
The principal representative of the British Treasury at the Paris Peace Conference, John Maynard Keynes, resigned in 1919 in protest at the scale of the demands, warning correctly that it was stoking the fires for another war in the future.
‘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.
What the Bank of England calls ‘quantitative easing’ now was started in Germany with the printing of money to pay off the war debt, triggering inflation to the point where ten billion marks would not even buy a loaf of bread.