As the last months of 1940 approached, Britain had been bankrupted by Churchill’s war on Germany.  

So far, Britain had paid all of her food, shipping and munitions bills in cash. 

Churchill wrote a begging letter to U.S. President Franklin D. Roosevelt.  In it, he set out his fears that Britain was fast running out of money.  

Roosevelt responded with the Lend-Lease Act, which provided Britain with whatever credits she needed to continue her war on Germany. There was a high price to pay.  It would be over 50 years before cash-starved Britain, after having sacrificed its Empire, could repay the Americans. 

Early in December 1940, American President Roosevelt sent an American battleship to Simon’s Town in South Africa.  From there it picked up the last of Britain’s gold reserves totalling £50 million.  

From that moment on, Britain’s independence and her empire were in the Washington pawn shop.

Britain’s territories and trading arrangements were compromised by half-American Winston Churchill.  

The debt would burden the British people for decades to come. Britain’s bankruptcy and subsequent dependency on the U.S. ensured America’s entry into the war to protect its investment.  Winston Churchill was jubilant. 

THE EUROPEAN AND ENGLISH JOURNAL ‘In terms of personal success, there has been no career more fortunate than that of Winston Churchill. In terms of human suffering to millions of people and the destruction of the noble edifice of mankind, there has been no career more disastrous.’ –– The European and English Journal. Let readers know what you think

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