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Claire sent me this one. I’m not going to tell you what to think. If you find something familar about the text, you do; if you don’t, you don’t. Either way, it’s chilling history.
Brr. When the Germans went blundering into war (with the USA, as with the UK and the USSR earlier) they really had no idea what they were getting into. They probably believed their own intelligence reports that said the populations wouldn’t fight. Read Peter Fleming’s “Invasion 1940” for the analogous German documents on the British. But instead, they got bogged down, deeper and deeper, waging ill-planned, ill-judged, doomed war on one front after another.
Niall Ferguson, in “The Cash Nexus”, points out that the financial markets knew all along. German and British government bonds were freely traded in Switzerland throughout the war. Sure enough, on 3 September 1939, German bonds took a big fall. And another on 22 September 1941, and another on 7 December 1941 – each time the markets bet correctly on a German defeat (which would mean that pre-war German bonds would become largely worthless.)
“Sir Colin Lucas, the retiring vice-chancellor, argued last October: universities that reject the public purse “are at jeopardy either of growing public irrelevance … or else of dependence upon other interests with strong agendas”.”
Like…the State doesn’t have a “strong agenda”, oh no, perish the thought.
Thanks for the lovely images in my head. I’m sure I’ll be getting *much* more sleep now.
Brr. When the Germans went blundering into war (with the USA, as with the UK and the USSR earlier) they really had no idea what they were getting into. They probably believed their own intelligence reports that said the populations wouldn’t fight. Read Peter Fleming’s “Invasion 1940” for the analogous German documents on the British. But instead, they got bogged down, deeper and deeper, waging ill-planned, ill-judged, doomed war on one front after another.
Niall Ferguson, in “The Cash Nexus”, points out that the financial markets knew all along. German and British government bonds were freely traded in Switzerland throughout the war. Sure enough, on 3 September 1939, German bonds took a big fall. And another on 22 September 1941, and another on 7 December 1941 – each time the markets bet correctly on a German defeat (which would mean that pre-war German bonds would become largely worthless.)
So, how’s the US dollar doing these days?
A lovely quote from the article linked:
“Sir Colin Lucas, the retiring vice-chancellor, argued last October: universities that reject the public purse “are at jeopardy either of growing public irrelevance … or else of dependence upon other interests with strong agendas”.”
Like…the State doesn’t have a “strong agenda”, oh no, perish the thought.
Heh.