One of the oldest currencies in the history of mankind is the British Pound going all the way back to Anglo Saxon times in the 8th Century A.D. “. . . From 760 onward till around 1158, pennies were made from the finest silver that the Crown could get, as opposed to today’s pennies made from copper or metal. The sterling pound (in French: £ivre Sterling), in terms of the word was introduced in 1158 because over 90% of it was made from silver itself. The first gold noble coin was introduced into Britain in 1344. The shilling was introduced in 1487, while a new version of the pound was revealed in 1489. As you can see the changes from the 760 to the 1489 shows how quick currency has evolved as the monarchy asserted itself as the leader of how currency should be used. Gold has always been an important part of British currency history as in this period; it was also used to finance whatever was needed in the country by the aristocracy and the gentry . . .” credit: peachy.co.uk
By the end of the 19th century, after Germany finally clobbered France in the 1870-1871 Franco-Prussian war, the newly created German Empire started reuniting under Kaiser Wilhelm II’s leadership (1888 to 1918), thus creating an economic threat to globalists empire-hungry Britain and France. As a reaction to this German-Austrian trade threat aka trade war, Britain, with its Merchandise Marks Act of 1887 gave birth to the “Made in Germany” label. “. . . This label was originally introduced in Britain . . . to mark foreign produce more obviously, as foreign manufactures had been falsely marking inferior goods with the marks of renowned British manufacturing companies and importing them into the United Kingdom. Most of these were found to be originating from Germany, whose government had introduced a protectionist policy to legally prohibit the import of goods in order to build up domestic industry.”
The British Law “Made in Germany” was initially supposed to achieve two things:
- Stamp imported German products as third rated and of inferior quality
- Promote “British Craftsmanship” to British citizenry
Today, very few Germans acknowledge the fact that Germany owes their world renowned “Made in Germany” stamp of quality, which initially was intended as a stamp of third-rateness, to Britain. By the late 19th century, Britain was becoming an industrial cul-de-sac or a business dwarf compared to the newly created German Empire and its 1882 Triple Alliance with Austria and Italy.
It was the German economy that threatened Britain and France prior to the start of World War One and certainly not the other way around as French and British history books would like us to believe. It was Britain that was becoming a bankrupt “World Empire” as British Gold supplies (British Pound backed up by Gold until 1914) were melting like snow in the sun, to the profit of Germany’s economy, which became a threat to Britain.
It is worth noticing that Britain had enjoyed a British Pound, first backed up by silver and later on by gold until the gold standards were removed first time in 1914. By the end of the 19th century, Britain’s economy was going from bad to worse, forced to borrow from its Central Bank to finance a much needed war that was supposed, as Winston Churchill would later on say during World War One, ” [to] smash the strength of the German people once and for all.”
Due to late nineteen century inequality of trade between Britain and the new kid around the block Germany, Britain was losing much of its gold. thus threatening the British Empire to its very core. Why did Britain and France, via the Dictate of Versailles, claimed 132 billion gold marks (USD 450 billion in today’s dollars) from Germany? Gold Marks: not paper money as issued by the Bank of England established in 1694. Britain’s five centuries of ongoing wars with France, from the Hundred Years War in 1337 to the 1815 Napoleonic wars, had already left major scars on its economy.
Anti-Germanistic feelings have often been expressed by duplicitous France but also hypocritical Britain. “Even today, American and British media concentrates what scant attention it bestows on anything German almost completely from a negative perspective until the point where the very word “German” is synonymous with ‘bad.’ German historical figures of greatness are rarely mentioned or their contributions are ignored, “misappropriated” or minimized. We are subjected to hundreds of dated British serials and sit-coms on public television which obsess about evil ‘Germans.'” Source: www.revisionist.net
Let’s take a quick look at the British Automobile industry. Is there such a thing? Where are the fine “Made in Britain” Automobiles such as Daimler Benz, BMW (Bayerische Motor Werke), Audi, Volkswagen (VW) and Porsche? Where do we find “Made in England” craftsmanship in this 21st century?
Pre-WWI Britain became so fearful of the German Empire that its elite planned its utter destruction. Outrageous right? Well let Geopolitical News remind you of renowned World War I and II veteran and co-conspirator of the Lusitania’s sinking (Part One and Part Two) by the Germans: Winston Churchill’s quote on the Germans:
It is worth remembering that by the 1880’s, the newly create German Empire had caught up with the wealth of Britain, the 19th Century Industrial Revolution leader, to even surpass British steel production and the length of Britain’s railroad tracks. The German navy, thanks to the creation of its Imperial Navy started challenging the British one, thus the manufacturing of one of the world’s fastest sailing vessels at that time: the RMS Lusitania. Later on, the British navy transformed its RMS Lusitania into a warship that would end up being sunk by a German submarine near the coast of Ireland on May the seventh of 1915 (Part One and Part Two.)
Similar to Pre-WWI Britain and France struggling with their economies and threatened by industrial German powerhouse, London, Paris and Washington are again losing their industrial and financial footing; not only towards China (manufacturing most Western goods) and Russia (exporting raw materials) but also towards industrious and thrifty Germany.
The US Dollar, which became the world reserve currency after the 1944 Bretton Woods Agreements is dying of a slow death as reflected by international crude oil prices.
The Petrodollar was introduced by the US to the Saudis in 1974 following an oil crisis induced a year earlier by U.S. Envoy Henry Kissinger with the quadrupling of oil prices from three US Dollar to twelve US Dollar a barrel.
(to be continued…)
Bruno Gebarski for Geopolitical News