Bank of England Assisted Nazi's in Looting Czech Gold

The Telegraph is reporting on how, following the September 1938 Nazi initiated dismemberment of Czechoslovakia, the Bank of England transferred to Germany Czech gold held in its vaults. This gold, valued at 5.6 million pounds, was sent to the Reichsbank in spite of the fact Czech assets had been frozen in response to what was essentially an invasion of Czechoslovakia enabled by British and French efforts to avoid outright war via acquiescing to Hitler's demands.

The actual transfer of the roughly 2,000 bars of gold to the Reichsbank took place in March of 1939, and was done at the behest of the Bank of International Settlements (BIS); which was chaired by a German Bank of England director named Otto Niemeyer. From there, and in the summer of 1939, further transfers were made just weeks prior to Germany invading Poland and sparking war with Britain and France.

Of course, World War II historians have known for some time now that bankers the world over, and not just the Bank of England, helped finance Nazi Germany. Nevertheless, as ugly as it is, this observer is pleased to see such reports being reproduced in the main stream mass media. It is crucially important to understand any number of not just historical but also modern events of this nature - not least of which are those associated with the role of bankers and financiers in enabling some of the most atrocious and criminal acts of the day. For the recently released official history of the Bank of England's complicity in supporting Hitler's regime vis a vis the Czech gold incident please see here.