The New Administrations’ Bay of Pigs

I just came across this little gem of a fact relating to the reparations that post WWI Germany was to pay, decided at the Treaty of Versailles;

In January 1921, the total sum due was decided by an Inter-Allied Reparations Commission and was set at 269 billion gold marks (2,790 gold marks equalled 1 kilogram of pure gold), about £23.6 Billion, about $32 billion (roughly equivalent to $393.6 Billion US Dollars as of 2005).

The figure was later cut in half. Ask any junior high-school student the root cause of WWII and the cause of the economic collapse of Germany, and they’ll answer, “The Treaty of Versailles.” I hope to hell these ‘economists’ know what they’re doing in spending two or three times the amount that bankrupted German.

Tags: ,

3 Responses to “The New Administrations’ Bay of Pigs”

  1. Evelynne Says:

    First blog I read after wakeup from sleep today!


  2. cbullitt Says:

    As you point out, It’s not the Bay of Pigs–it’s Sarajevo.

  3. Barbara O'Brien Says:

    Dear Paleo,

    I just have a quick question for you but couldn’t find an email so had to resort to this. I am a progressive blogger. Please email me back at when you get a chance. Thanks.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: