Comments by "Ralph Bernhard" (@ralphbernhard1757) on "DW News"
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Bombing German cities was counterproductive in 2 main ways.
1) German "factories" was not what limited German production, but rather the lack of raw materials.
2) after WW2, the new "alpha" Washington DC actually needed both Germany and Japan (the losers) as much as they did GB, France and their empires (the winners). So that by opening up the markets in the US sphere of interest, Germany and Japan quickly recovered, and with a completely modernized economy, quickly overtook GB. There was no alternative, because if not, both would have fallen to communism.
GB, and Empire was seen as a rival, and was "cut down to size".
London no longer had the "leverage" to stand up to Washington DC, and were overpowered. Note, overpowering does not necessarily mean war.
Economic warfare is an old established method.
"At the end of the war, Britain, physically devastated and financially bankrupt, lacked factories to produce goods for rebuilding, the materials to rebuild the factories or purchase the machines to fill them, or with the money to pay for any of it. Britain’s situation was so dire, the government sent the economist John Maynard Keynes with a delegation to the US to beg for financial assistance, claiming that Britain was facing a "financial Dunkirk”. The Americans were willing to do so, on one condition: They would supply Britain with the financing, goods and materials to rebuild itself, but dictated that Britain must first eliminate those Sterling Balances by repudiating all its debts to its colonies. The alternative was to receive neither assistance nor credit from the US. Britain, impoverished and in debt, with no natural resources and no credit or ability to pay, had little choice but to capitulate. And of course with all receivables cancelled and since the US could produce today, those colonial nations had no further reason for refusing manufactured goods from the US. The strategy was successful. By the time Britain rebuilt itself, the US had more or less captured all of Britain’s former colonial markets, and for some time after the war’s end the US was manufacturing more than 50% of everything produced in the world. And that was the end of the British Empire, and the beginning of the last stage of America’s rise."
[globalresearch(dot)ca/save-queen/5693500]
So after WW2 while the British population and economy were being squeezed like a lemon by US banks, were having their Pound crushed by the US dominated IMF, were being refused the mutually developed nukes to act as a deterrent against the SU's expansion, were still on war rations till way into the 1950s, and lost the Suez Canal in a final attempt at "acting tough" and imposing hegemony over a vital sphere of interest...and going under...
So the London lords woke up one morning, only to discover that their "best friends forever" had stolen all their markets.
And that's how "leverage" works.
Washington DC: "I've taken over almost all your markets now. What are you going to do about it?"
Sad reality?
There was nothing London could do about it.
Washing DC had more leverage to impose, and they took over from their former colonial masters.
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