How The Bank Of England Helped Hitler Sell Looted Gold To Finance His Wars

When you say that Western Moneymen financed Hitler you often get called an anti-Semite and a Conspiracy theorist.
The fact is they did! Here is a recent article in the Daily Mail, a mainstream media News paper confirming once more that the Banksters where heavily involved with the finances of what soon was to be the third Reich. In fact it turns out it was non other than the “respectable” Bank of England who helped to sell the gold Hitler looted from Czechoslovakia after he invaded it. It did so in 1939 not once but twice without permission of the English Government giving credence to the rumors that the bank of England is not the bank of England at all but a private entity making independent decisions and owned by powerful private interests such as the Rothschild family and other private interests.

Here is more on the history of what is commonly known as NAZI gold but which obviously is the gold the NAZI’s stole from the countries they invaded:

This morning’s papers and news-shows are full of the story that in 1939 the Bank of England facilitated the sale of Nazi looted gold, not just once but at least twice during that year. Both times without approval of the British government, despite an attempt to freeze Czech assets.

The story of Nazi gold is both fascinating and tragic. We take a look at ‘the greatest robbery of all time’ and draw parallels with the modern day gold migration.

What is Nazi gold?

Nazi gold is a phrase that refers to the bullion looted by the Nazis in the run up to and during the Second World War.

Gold clearly plays a strong role in history and features as both a political and economic weapon during the Wars of the 20^th Century.

Thanks to the Treaty of Versailles and the hyperinflation in the interwar period, Germany had learnt the hard way that a stable monetary system, backed by gold was crucial if a country were to return to former economic glory. But this also meant that the Nazis were well aware of the devastation caused by a lack of sound money.

As is well documented, upon invasion Nazis would loot a country’s gold reserves, along with other valuable assets, and promptly work to devalue the sovereign currency. This pillage of the financial system is not well known but it served effectively as a weapon in their campaign to take-down whole nations. The Nazis consolidated their power by holding gold whilst their victims were consigned to weak paper currencies.

How much gold bullion did they steal?

In the aftermath of the war huge hoards of gold were found within Germany, the largest of which was 8,000 tons.

However it has been near impossible to estimate how much was stolen given the nature of the thefts. 50% of looted gold is estimated to have been sold on the international market.

The Holocaust Educational Charity reports that ‘post-war approximately $260 million of looted monetary and non-monetary gold was discovered in Germany. Much had already left the country.’

Who did they steal gold from?

Very often someone talking about Nazi gold will refer to the gold stolen from central banks across Europe. Estimates of how much gold was taken range from upwards of $400 million.

This wasn’t just a bank-job however, the regime lifted the gold out of the pockets and mouths of citizens in their quest to get every coin, jewellery piece and filling that they could get their hands on. Over $140million worth of gold is estimated to have been melted down from such violations.

Where did they steal it from?

Name a country invaded by Hitler’s army and you have a country who lost its gold.

In the run up to the war, between 1937 and 1939, the Nazis stole the gold reserves of Austria, Czechoslovakia and Danzig. During the war the Nazis took financial control of several countries including France, Belgium, Poland, Romania, Holland, Latvia, Denmark, Norway Albania, Italy, Luxembourg, Yugoslavia and Greece, some of whom saw their gold reserves depleted and swiftly hoiked back to the Reichsbank’s bullion vaults.

How did they get away with it?

Brute force was the general tactic, but when it came to managing and selling their gold loot the Nazis needed the ‘cooperation’ of other institutions.

Those implicated in the latest headline story are of course the Bank of International Settlements and the Bank of England.

The Bank of England’s documents, and diary of Norman Montagu (Governor at the time), imply that the central bank was carrying out instructions from its customer, the BIS.

Still to this day the British central bank and the BIS have roles in the gold market that are shrouded in secrecy and are often called into question.

Switzerland, a neutral force in during the Second World War, is also implicated in this tale. Wikipedia estimates that 100 tons of Nazi gold were laundered through Switzerland, with just 4 tons ever being recovered post-war.

Prior to the war the Swiss National Bank had been the largest gold distribution centre in Europe. The neutral Swiss accepted gold from the Nazis (as they had from all other nations), who were in need of somewhere to place their stash of gold and other assets so as to sell on the international market, but the issue of taking payment in gold stolen from the victims of such a brutal regime continues to haunt the country.

As historians have explained in the past, given Switzerland’s political and geographic position, the small country had little choice but to communicate and trade with the Germans. Winston Churchill wrote, ‘What does it matter whether she has been able to give us the commercial advantages we desire or has given too many to the Germans to keep herself alive? She has been a democratic state, standing for freedom in self-defence among her mountains, and in thought, in spite of race, largely on our side.’

Portugal, also politically neutral during this time, was the second largest trader of gold with the Nazis in exchange for armament supplies. This was as a result of a discovery that Nazi payments in hard currency were in fact counterfeit. Following this discovery the Portuguese leader insisted on all payments in pure gold.

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