Tuesday, May 14, 2013
Tony Gosling – THE NAZIS WERE NEVER DEFEATED
Not sure what to make of this guy. What he says about the postwar fate of Nazi assets is interesting — if true. But how can it be true? He names no names, yet if the Nazis funneled hundreds of billions of stolen asset into corporations formed in neutral countries during the final months of the war, these companies would now be among the largest in the world. So, which are they?
And when he starts talking about other things, you realize he is not a trustworthy source.
Available office space in Bristol in 2011 was 2.3 million square feet, not 15 million as Gosling states. And if office space is overvalued on company books, it has nothing to do with the reason Gosling states. If a company writes down its assets, that does not make it bankrupt, it merely makes it less profitable. A company is bankrupt only when it cannot pay its bills, and that can occur whether its assets are devalued or revalued.
Gosling comments about the Argentinian financial crisis are equally misleading. Funds were not taken out of depositors accounts. What happened was that US dollar accounts were converted to local currency accounts immediately after the $US/Peso peg had been abandoned. Once the peg was abandoned the Peso fell sharply in value, which meant that the purchasing power of deposits in relation to the cost of imports fell sharply.
So it's not clear to me whether Gosling is an incompetent researcher or a shill. The fact that he formerly worked for the BBC might suggest the latter.
Angirfan has more about Nazi Wealth here.