The Aftermath of WWII

Following the end of World War II, a result of which was devastation far greater than that of World War I, there were many countries around the World that were totally devastated as a result of the war.

Once again, the Global Debt Facility stepped in, but this time, because the problem was more than enormous, usage of the funds from the Global Debt Facility had to be fully and properly organised and professionally managed, to do otherwise would have created a far bigger mess and problem than that which already existed.

The Global Debt Facility was already supporting, and had been for many decades, the gold backed currencies of all countries, with substantial amounts of gold and silver, but more was now needed. Many countries were already deep in debt from financing their war efforts, which included the United Kingdom. At that time it was the UK Pound Sterling holding the international reserve currency position.

The only country that appears to have avoided the large debt factor created by World War II, was America, and that was largely because it had financed both sides of the war, from previous financial assistance given by the Global Debt Facility, and was now a major world creditor, even though, and unknown to the majority of the countries of the world, America was a major debtor to the Global Debt Facility.

In 1944 and 1945 decisions were made that would forever stabilise the world, or so it was believed, so that rebuilding of countries could be undertaken, followed by growth and expansion which was anticipated to bring prosperity to the whole world.

That is what was envisaged, but that, unfortunately, is not quite as it worked out.

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