German Reparations ‘John McCloy’
Posted on 15. Jun, 2009 by Shera Crossan in Business & Finance, Economy, Education, Events, Foreign and Domestic Intelligence, Hidden Crimes, Israel & Jewish Issues, Opinion, Politics, Race, Shera Crossan, Top Stories
McCloy developed the view that German Reparations as a result of the First World War were both unwise and unfair. According to McCloy: “Practically every merchant bank and Wall Street firm, from J. P. Morgan and Brown Brothers on down, was over there (Germany) picking up loans. We were all very European in our outlook, and our goal was to see it rebuilt.” McCloy argued that if this did not happen, Germany would be taken over by the communists, who were getting support from the Soviet Union. In his dealings with Germany, McCloy worked closely with Paul M. Warburg, the founder of M. M. Warburg in Hamburg, who argued that the “United States should throw open its doors to European imports and pay for them with the gold the Allies had used to pay for U.S. war material”. Warburg argued that this strategy would result in New York becoming the world’s financial and commercial centre. McCloy’s brother-in-law, Lewis W. Douglas, was a member of the Democratic Party and in March, 1933, he was appointed Director of the Budget by President Franklin D. Roosevelt. However, Douglas became convinced that the New Deal had been infiltrated by communists. Douglas told McCloy that “He (Roosevelt) is surrounded with the young Harvard Law School group, all of whom are communists.”
Douglas also believed that the New Deal was part of a Jewish conspiracy to destroy the capitalist system. He talked about the “Hebraic influence” and claimed that “most of the bad things which it (the administration) has done can be traced to it. as a race they seem to lack the quality of facing an issue squarely.” As a result of his beliefs, Douglas resigned from the government in August, 1934.
On 9th April 1944, Rudolf Vrba and Alfred Wetzler, managed to escape from Auschwitz. The two men spent eleven days walking and hiding before they got back to Slovakia. Vrba and Wetzler made contact with the local Jewish Council. They provided details of the Holocaust that was taking place in Eastern Europe. They also gave an estimate of the number of Jews killed in Auschwitz between June 1942 and April 1944: about 1.75 million.Source
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