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How plausible is this, and how "original" is it as an idea? All I see for the most part is alternate WW2 outcomes. Don't think I've seen this one done before, so I wanted to check with you guys.

The Triple Entente is defeated in WW1 and is subject to the same treatment as the OTL losers. They lose territory around the globe and face military restrictions / reparations + economic trouble. Germany becomes the naval power. Britain and France may be forbidden to unite.
Out of the hatred and "revanchism" in France, the National Socialist Party appears, promising to rebuild France as "The Third Empire", and crush Germany and possibly the Jews or some other group. They assume power in 1933 Britain has fascists coming to power wanting to rebuild the British Empire to its former glory and also pushes racial purity and protestantism. They get into power in 1922.

As you see they loosesly mirror Germany and Italy. Let us say that these become the "allies".

How would this change the inevitable WW2? Would Germany become a republic without being forced? Austria-Hungary sticking together? How would the US react? And is it a good AH scenario? I was thinking of elaborating on a timeline with this POD.
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