- Spitfire List - http://spitfirelist.com -

FTR #623 I Told You So, Part IV: More about the Dollar and the Euro

Record­ed Feb­ru­ary 3, 2008
MP3: Side 1 [1] | Side 2 [2]
REALAUDIO [3]

This broad­cast recaps mate­r­i­al from two For The Record pro­grams from 1998 and 1999—almost a decade ago. Record­ed as the Euro­pean Mon­e­tary Union and the Euro were com­ing into being, the pro­grams dis­cuss the the­o­ries of Pan Ger­man the­o­reti­cian Friedrich List, whose work pro­vid­ed the ide­o­log­i­cal basis for the EMU. The pro­gram also ana­lyzes aspects of the Asian finan­cial cri­sis of the late 1990’s. Observ­ing America’s fis­cal weak­ness, Mr. Emory rumi­nates about the pos­si­bil­i­ty that the Unit­ed States might find itself in the same boat as the Asian economies that were dri­ven before the finan­cial storm in the late ‘90’s. Of para­mount impor­tance are Mr. Emory’s fears that America’s finan­cial weak­ness might cause oth­er nations to flee the dol­lar for the Euro as the reserve cur­ren­cy of choice, there­by dev­as­tat­ing the Amer­i­can eco­nom­ic land­scape and pre­cip­i­tat­ing the eclipse of the Unit­ed States as a nation. As 2008 pro­gress­es, the dol­lar is crum­bling and oth­er nations are grumbling—about the pos­si­ble need to aban­don the dol­lar as the reserve cur­ren­cy of choice.

Pro­gram High­lights Include: An overview of List’s pre­scrip­tion for Ger­man world dom­i­na­tion; com­par­i­son of List’s the­o­ries to the present-day Euro­pean Mon­e­tary Union; com­par­i­son of a 1940 news­pa­per arti­cle describ­ing the Third Reich’s pre­scrip­tion for a Nazi-dom­i­nat­ed Europe and world with the present-day EMU.

1. This broad­cast recaps mate­r­i­al from two For The Record pro­grams from 1998 and 1999—almost a decade ago. Record­ed as the Euro­pean Mon­e­tary Union and the Euro were com­ing into being, the pro­grams dis­cuss the the­o­ries of Pan Ger­man the­o­reti­cian Friedrich List, whose work pro­vid­ed the ide­o­log­i­cal basis for the EMU. The pro­gram also ana­lyzes aspects of the Asian finan­cial cri­sis of the late 1990’s. Observ­ing America’s fis­cal weak­ness, Mr. Emory rumi­nates about the pos­si­bil­i­ty that the Unit­ed States might find itself in the same boat as the Asian economies that were dri­ven before the finan­cial storm in the late ‘90’s. Of para­mount impor­tance are Mr. Emory’s fears that America’s finan­cial weak­ness might cause oth­er nations to flee the dol­lar for the Euro as the reserve cur­ren­cy of choice, there­by dev­as­tat­ing the Amer­i­can eco­nom­ic land­scape and pre­cip­i­tat­ing the eclipse of the Unit­ed States as a nation. As 2008 pro­gress­es, the dol­lar is crum­bling and oth­er nations are grumbling—about the pos­si­ble need to aban­don the dol­lar as the reserve cur­ren­cy of choice.

2. Much of the first side of the pro­gram recaps FTR#126 [4], detail­ing aspects of the Asian finan­cial cri­sis of the late 1990’s.

3. An excerpt from FTR#85 [5] presents an overview on the for­mu­la for Ger­man world dom­i­na­tion devel­oped by Pan-Ger­man the­o­reti­cian Friedrich List: “Charles Andler, a French author, summed up cer­tain ideas of List in his work, The Ori­gins of Pan-Ger­man­ism, (pub­lished in 1915.) ‘It is nec­es­sary to orga­nize con­ti­nen­tal Europe against Eng­land. Napoleon I, a great strate­gist, also knew the meth­ods of eco­nom­ic hege­mo­ny. His con­ti­nen­tal sys­tem, which met with oppo­si­tion even from coun­tries which might have prof­it­ed from such an arrange­ment should be revived, but, this time, not as an instru­ment of Napoleon­ic dom­i­na­tion. The idea of unit­ed Europe in a closed trade bloc is no longer shock­ing if Ger­many assumes dom­i­na­tion over such a bloc—and not France. [Empha­sis added.] Bel­gium, Hol­land, Switzer­land, will­ing­ly or by force, will enter this ‘Cus­toms Fed­er­a­tion.’ Aus­tria is assumed to be won over at the out­set. Even France, if she gets rid of her notions of mil­i­tary con­quest, will not be exclud­ed. The first steps the Con­fed­er­a­tion would take to assure uni­ty of thought and action would be to estab­lish a joint rep­re­sen­ta­tive body, as well as to orga­nize a com­mon fleet. But of course, both the head­quar­ters of the Fed­er­a­tion and its par­lia­men­tary seat would be in Ger­many. [Empha­sis added.]”
(The Thou­sand-Year Con­spir­a­cy [6]; by Paul Win­kler; Charles Scribner’s Sons [HC]; 1943; pp. 15–16. This book, like Ger­many Plots with the Krem­lin [7], is avail­able for down­load [8].)

4. The extent to which the Third Reich adopt­ed List’s the­o­ret­i­cal prin­ci­ples was set forth by jour­nal­ist Dorothy Thomp­son. Ms. Thomp­son was writ­ing in The New York Her­ald Tri­bune on May 31, 1940! “The Ger­mans have a clear plan of what they intend to do in case of vic­to­ry. I believe that I know the essen­tial details of that plan. I have heard it from a suf­fi­cient num­ber of impor­tant Ger­mans to cred­it its authen­tic­i­ty . . . Germany’s plan is to make a cus­toms union of Europe, with com­plete finan­cial and eco­nom­ic con­trol cen­tered in Berlin. This will cre­ate at once the largest free trade area and the largest planned econ­o­my in the world. In West­ern Europe alone . . . there will be an eco­nom­ic uni­ty of 400 mil­lion per­sons . . . To these will be added the resources of the British, French, Dutch and Bel­gian empires. These will be pooled in the name of Europa Ger­man­i­ca . . .”
(Ger­many Plots with the Krem­lin [7]; T.H. Tetens; Copy­right 1953 by Hen­ry Schu­man, Inc.; Hen­ry Schu­man [Hard­cov­er]; p. 92. This book, like The Thou­sand-Year Con­spir­a­cy [6], is avail­able for down­load [8].)

5. Ms. Thomp­son fore­shad­owed the pol­i­cy which the Under­ground Reich adopt­ed in order to co-opt the Unit­ed States. Note that, as dis­cussed in –among oth­er programs—FTR#’s 278 [9], 305 [10], 370 [11] and 435 [12], the Bush fam­i­ly was front and cen­ter in the pro-Ger­man indus­tri­al milieu. “The Ger­mans count upon polit­i­cal pow­er fol­low­ing eco­nom­ic pow­er, and not vice ver­sa. Ter­ri­to­r­i­al changes do not con­cern them, because there will be no ‘France’ or ‘Eng­land,’ except as lan­guage groups. Lit­tle imme­di­ate con­cern is felt regard­ing polit­i­cal orga­ni­za­tions . . . . No nation will have the con­trol of its own finan­cial or eco­nom­ic sys­tem or of its cus­toms. The Naz­i­fi­ca­tion of all coun­tries will be accom­plished by eco­nom­ic pres­sure. In all coun­tries, con­tacts have been estab­lished long ago with sym­pa­thet­ic busi­ness­men and indus­tri­al­ists . . . . As far as the Unit­ed States is con­cerned, the plan­ners of the World Ger­man­i­ca laugh off the idea of any armed inva­sion. They say that it will be com­plete­ly unnec­es­sary to take mil­i­tary action against the Unit­ed States to force it to play ball with this sys­tem. . . . Here, as in every oth­er coun­try, they have estab­lished rela­tions with numer­ous indus­tries and com­mer­cial orga­ni­za­tions, to whom they will offer advan­tages in co-oper­a­tion with Ger­many. . . .” (Idem.)

6. Two video pro­duc­tions are being gen­er­at­ed by a cou­ple of doc­u­men­tary film­mak­ers. One is a DVD of a three-lec­ture series called “The First Refuge of a Scoundrel: The Rela­tion­ship Between Fas­cism and Reli­gion [13].” In addi­tion, there will soon be a doc­u­men­tary about Mr. Emory, titled “The Anti-Fas­cist.” For more about this project, vis­it TheAntiFascist.com [14].