synarchy movement of empire book ii - Pierre Beaudry's Galactic ...

the reparations, and the Lazard Freres, Montague Norman's Bank of London,
and their financial partners began to extend profitable loans to Germany and
bring about its economic recovery. They had another plan, which did not
include the reconstruction of war- torn Belgium, or France.
Since the British and the Americans were not very concerned with the
war reparations of France, and Belgium, the Germans began to default on
their reparation payments by December 1921, essentially pleading their
inability to pay. Shirer had an amazingly clear view of the situation. I report
below his entire evaluation of the situation, which sheds crucial light on the
hidden reasons for the 1923 hyperinflationary blow out of Weimar
Germany; especially in view of what the synarchist bankers centered around
Montague Norman were up to at the same time. Shirer wrote:
"{Deferments and moratoriums were granted but the patience of
the French began to wear thin. Much was made in England and
America then and subsequently of the intransigence of Poincare, who
had become Premier in January 1922, and who was accused in London
and Washington of wanting to squeeze the last penny from Germany
even if it bankrupted her. But, in retrospect, he appears more
conciliatory than he seemed in Anglo-Saxon eyes. At the Inter-Allied
conferences in London in December 1923, and in Paris the following
month, he agreed to a moratorium on German payments for two years
(the Germans had asked for two and a half years). He proposed that 82
billions of the total reparations figure of 132 billion gold marks be
floated as bonds to pay inter-Allied war debts owed to Britain and the
United States, mainly by France, and that only the rest, 50 billion, be
paid directly to the victors as reparations. Since the French share of this
was one half, the 25 billions would have paid for only 20 percent of their
costs of reconstruction. Britain turned the proposal down.
"Eight days later, On January 11, 1923, Poincare sent troops in to
seize the Rhur, the industrial heart of Germany, which produced 73
percent of its coal and 83 percent of its iron and steel. With a finical
legalism befitting the lawyer he was, Poincare had waited until the
Reparations Commission officially certified that Germany had
defaulted on its payments in kind to France. Under the Versailles
Treaty, France was entitled to take such a sanction in these
circumstances.
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