The Holocaust Industry has extracted $9 Billion
from Europe in the name of "needy Holocaust
victims." Here, it seems, is where the money will
really go . . .
by this website:
Buchenwald typhus victims, gate of Auschwitz.
foundation set for restitution funds
By Joan Gralla
NEW YORK, Aug 22 (Reuters) - Israel and
world Jewish groups plan to set up a foundation that would
manage hundreds of millions of dollars the groups stand to
get from nearly $9 billion in Holocaust reparations, a
Jewish official said on Tuesday.
The Jewish restitution groups likely will use the money for
charitable causes such as education
and rebuilding European communities that the Nazis stamped
out, Elan Steinberg, executive director of the World
Jewish Congress (WJC), told Reuters.
groups are set to get this money because for the past five
decades they have been designated as the heirs of the six
million people killed by the Nazis.
Claims by individual Holocaust survivors and their relatives
will be honored before the money is to be paid to the Jewish
groups. Several hundred thousand Jewish Holocaust survivors
are still living.
Non-Jewish Holocaust survivors also stand to
get reparations. Eastern European forced laborers, for
example, should get nearly 70 percent of the $4.8 billion
fund for Nazi-era laborers that Germany agreed to in
But once these claims are paid, plenty of
money is expected to be left for the foundation.
"There will undoubtedly be hundreds of
millions of dollars and probably billions of dollars
available,'' said Steinberg, adding the new foundation
formally will be announced on Sept. 11 in New York.
President Bill Clinton and First Lady Hillary
Clinton have been invited to attend, according to
Steinberg, as have Israeli Prime Minister Ehud Barak
and his predecessor, Benjamin Netanyahu
Only a fraction of Holocaust reparation programs have
started distributing money. The WJC estimated that when all
agreements between Holocaust survivors and Europe and its
industries are combined, they will total nearly $9
That amount includes a $1.25 billion accord Swiss banks
reached with Holocaust survivors two years ago and smaller
accords such as a $30 million fund set up by Britain because
Jewish assets were caught up in a war-time effort to freeze
the property owned by enemy nationals.