Susano
Banned
Britain would never allow peace to be dictated by the Germans. Would this be after the British blockade starved Germany into submission and revolution? After an increasingly unstable economy leads to turmoil, as Germany's funds are devoted to keeping hold over France and Russia? Meanwhile no food has gotten into Germany, its people are starving, and leaders are calling for peace.
I don't think this could end the way you want it to.
Eh, Eurofed has a... loose grip on reality, but I think you exaggerate, too. For one thing, had there been no break in unrestricted submarine warfare (which really was simply the German counter-blockade, simply from below the waterline), then Britain wouldve been in a similarily bad state, and secondly once the landwar is over, the land trade routes are open again, too. That being said this simply means Germany would, if it plays its cards right, not be in a helpless position vis a vis Britain - it does not mean it can dominate Britain, and any schemes involving India or one of the "White Dominions" are indeed simply ludicrous.