Aug 1 2013
The Daily Express
So, the Bank of England helped the German war machine sell Gold that the Nazi’s had stolen following their invasion of Czechoslovakia.
After all, the Rothschild financed both sides war effort.
Moreover, The Duck of Edinburgh’s sisters were all married to high ranking German SS Officers. Not to mention the fact that his future uncle in law, Edward VIII, who abdicated the throne was being wined and dined by Adolf Hitler.
Course, Hitler himself was keen to avoid war with Britain, albeit the war monger, Winston Churchill was intent on forcing the issue.
And Prescott Bush, Father and Grandfather to two American Presidents was making Millions by doing business with the Nazi’s.
The whole world is but a stage… As it was then. So it is now.
This is despite the fact that British government had frozen all Czech assets being held in London at the time.
In the report, written in 1950, the BoE admitted that at the outbreak of the Second World War “and for some time afterwards” the incident involving the Czech gold “still rankled” and was “widely misunderstood.”
Officials wrote: “Outside the Bank and the Government the Bank’s position has probably never been thoroughly appreciated and their action at the time was widely misunderstood.”
They describe how a request was made in March 1939 to transfer gold, then worth £5.6m, from a Czech National Bank account at the Bank for International Settlements (BIS) to a Reichsbank account they also held.
Some £4m of the gold went to banks in Belgium and Holland, with the rest sold in London.
The BoE documents, never published before yesterday, reveals that the then chancellor Sir John Simon had asked the governor of the bank at the time, Montagu Norman, if they were holding any of the Czech gold in May 1939.
It continued: “The Governor in his reply (30th May) did not answer the question, but pointed out that the Bank held gold from time to time for the BIS and had no knowledge whether it was their own property or that of their customers.
“Hence, they could not say whether the gold was held for the National Bank of Czechoslovakia.”
A further transaction was made that June – despite concerns from Sir John being raised.
On that occasion, there were sales of gold to the value of £440,000 and a £420,000 shipment to New York.
Archived material details how gold bars plundered from Czechoslovakia were sold on behalf of Germany’s central bank in 1939
“On the BIS enquiring, however, what was causing delay and saying that inconvenience would be caused because of payments the next day, the Bank of England acted on the instructions without referring to the Law Officers, who, however subsequently upheld their action.”
The BoE publications and documents have been made public following the first stage of the digitalisation of the bank’s archive.