by Karl Spain
On September 1, 1939, Hitler attacked Poland, having already signed a secret pack with Russia, called the Molotov-Ribbentrop Pact, agreeing to split Poland up right down the middle, after the Russians invaded from the east. The Russians did exactly that just two weeks later on the 17th, and what was left of the Polish army withdrew to neutral Romania.
Seventeen days and Poland was gone. Erased by Germany and Russia, who openly coveted her strategic position, her natural riches, and “living space.”
The Polish people of course, they had no use for. Both the German army and the Russian army are both factually known to have slaughtered thousands, and thousands more, Polish army soldiers and officers, Polish Jews and gypsies, and of course anyone else left who was Polish that was either in their way, uncooperative, an intellectual or educated person. Basically if you were anything other than good slave material, you were killed, deported, exterminated, raped and then killed or intimidated into submission until wars end.
Times change. People change. Big, big things change. God is love.
Yesterday the Swiss central bank decided to let the Swiss Franc float up against all other currencies. This surprise move among other things is real bad news for the 40% of the Polish population that have their mortgages denominated in Swiss francs. This means exchanging the Polish zloty, for francs, to make your monthly mortgage, every month.
At one time, this was supposedly a good deal, I would have called it “Uncertain” in the best of times, and these are not the best of times. Imagine living in Poland and having one of these mortgages — it must be like standing with one foot on a boat slowly moving away from shore, while the other foot is tied to the dock; every second the gap gets wider your panic multiplies.
But God is good. He’s given Germany a chance to redeem herself. It’s 75 years later, Germany isn’t a threat to Europe’s peace anymore, and coincidentally she’s now also the center of the continent’s economic engine and has been a picture of good governance. And this Polish mortgage crisis is Germany’s chance to prove it.
You see Poland doesn’t have to be in a crisis over this mess. They’ve already committed — by treaty with the EU — to wipe out the zloty and switch over to the Euro anyway.
They just haven’t done it yet.
I think now is the time and I think they’ll need a big, rich, reformed brother to help them make this happen very quickly — and save the Polish economy.
Come on Germany, swing away at the fences for Poland here, propose an emergency currency exchange, switch out, switch over, whatever bankers do other than steal from the people — and get the mortgages either back from the Swiss banks or reissued in Euro’s after the zloty’s gone.
If Germany has to make a deal with the Swiss that has some premium in it to buy them out of the mortgages, so be it.
Best money they’ll ever spend.