How a Economic Miracle is put to work!
Hitler managed full employment and
renewed wealth, by getting the international bankers out of the finances of
Germany, as well as by managing to issue the money needed.
It is always difficult to have a
discussion on the topic of WW II Germany, and Hitler, without having emotions
run high. And understandably so. We do not believe that there is a world plot
in place by those of the Jewish faith to dominate the world. We do however
suspect that there is a plot in place by the major financiers and financial
institutions, to control. We don’t necessarily agree with all the points made
in the article you are about to read, but it certainly does raise some
interesting points. We offer this article to our readers as an alternative
viewpoint, intended to stimulate discussion. PTE
An article excerpted from:
http://www.webofdebt.com/
History is written by the victors”
- W. Churchill
An interesting perspective on World
War II, and the players involved.
Many people take joy in saying Wall
Street and Jewish bankers “financed Hitler.” There is plenty of documented
evidence that Wall Street and Jewish bankers did indeed help finance Hitler at
first, partly because it allowed the bankers to get rich (as I will describe
below) and partly in order to control Stalin. However, when Germany broke free
from the bankers, the bankers declared a world war against Germany.
When we look at all the facts, the
charge that “Jews financed Hitler” becomes irrelevant. Los Angeles Attorney
Ellen Brown discusses this topic in her book Web of Debt…
When Hitler came to power, Germany
was hopelessly broke. The Treaty of Versailles had imposed crushing
reparations on the German people, demanding that Germans repay every nation’s
costs of the war. These costs totaled three times the value of all the
property in Germany. Private currency speculators caused the German mark to
plummet, precipitating one of the worst runaway inflations in modern times. A
wheelbarrow full of 100 billion-mark banknotes could not buy a loaf of bread.
The national treasury was empty. Countless homes and farms were lost to
speculators and to private banks. Germans lived in hovels. They were starving.
Nothing like this had ever happened
before - the total destruction of the national currency, plus the wiping out
of people’s savings and businesses. On top of this came a global depression.
Germany had no choice but to succumb to debt slavery under international
bankers until 1933, when the National Socialists came to power.
At that point the German government
thwarted the international banking cartels by issuing its own money. World
Jewry responded by declaring a global boycott against Germany. Hitler began a
national credit program by devising a plan of public works that included flood
control, repair of public buildings and private residences, and construction
of new roads, bridges, canals, and port facilities. All these were paid for
with money that no longer came from the private international bankers.
The projected cost of these various
programs was fixed at one billion units of the national currency. To pay for
this, the German government (not the international bankers) issued bills of
exchange, called Labor Treasury Certificates. In this way the National
Socialists put millions of people to work, and paid them with Treasury
Certificates. Under the National Socialists, Germany’s money wasn’t backed by
gold (which was owned by the international bankers). It was essentially a
receipt for labor and materials delivered to the government. Hitler said, “For
every mark issued, we required the equivalent of a mark’s worth of work done,
or goods produced.” The government paid workers in Certificates. Workers spent
those Certificates on other goods and services, thus creating more jobs for
more people. In this way the German people climbed out of the crushing debt
imposed on them by the international bankers.
Within two years, the unemployment
problem had been solved, and Germany was back on its feet. It had a solid,
stable currency, with no debt, and no inflation, at a time when millions of
people in the United States and other Western countries (controlled by
international bankers) were still out of work. Within five years, Germany went
from the poorest nation in Europe to the richest. Germany even managed to
restore foreign trade, despite the international bankers’ denial of foreign
credit to Germany, and despite the global boycott by Jewish-owned industries.
Germany succeeded in this by exchanging equipment and commodities directly
with other countries, using a barter system that cut the bankers out of the
picture. Germany flourished, since barter eliminates national debt and trade
deficits. (Venezuela does the same thing today when it trades oil for
commodities, plus medical help, and so on. Hence the bankers are trying to
squeeze Venezuela.)
Germany’s economic freedom was
short-lived; but it left several monuments, including the famous Autobahn, the
world’s first extensive superhighway. Hjalmar Schacht, a Rothschild agent who
was temporarily head of the German central bank, summed it up thus… An
American banker had commented, “Dr. Schacht, you should come to America. We’ve
lots of money and that’s real banking.” Schacht replied, “You should come to
Berlin. We don’t have money. That’s real banking.” (Schacht, the Rothschild
agent, actually supported the private international bankers against Germany,
and was rewarded by having all charges against him dropped at the Nuremberg
trials.)
This economic freedom made Hitler
extremely popular with the German people. Germany was rescued from English
economic theory, which says that all currency must be borrowed against the
gold owned by a private and secretive banking cartel — such as the Federal
Reserve, or the Central Bank of Europe — rather than issued by the government
for the benefit of the people. Canadian researcher Dr. Henry Makow (who is
Jewish himself) says the main reason why the bankers arranged for a world war
against Germany was that Hitler sidestepped the bankers by creating his own
money, thereby freeing the German people. Worse, this freedom and prosperity
threatened to spread to other nations. Hitler had to be
stopped!
Makow quotes from the 1938
interrogation of C. G. Rakovsky, one of the founders of Soviet Bolshevism and
a Trotsky intimate. Rakovsky was tried in show trials in the USSR under
Stalin. According to Rakovsky, Hitler was at first funded by the international
bankers, through the bankers’ agent Hjalmar Schacht. The bankers financed
Hitler in order to control Stalin, who had usurped power from their agent
Trotsky. Then Hitler became an even bigger threat than Stalin when Hitler
started printing his own money. (Stalin came to power in 1922, which was
eleven years before Hitler came to power.)
Rakovsky said:
“Hitler took over the privilege of manufacturing money,
and not only physical moneys, but also financial ones. He took over the
machinery of falsification and put it to work for the benefit of the people.
Can you possibly imagine what would have come if this had infected a number of
other states?” (Henry Makow, “Hitler
Did Not Want War,”
March 21, 2004).
Economist Henry C K Liu writes
of Germany’s remarkable transformation:
“The
Nazis came to power in 1933 when the German economy was in total collapse,
with ruinous war-reparation obligations and zero prospects for foreign
investment or credit. Through an independent monetary policy of sovereign
credit and a full-employment public-works program, the Third Reich was able to
turn a bankrupt Germany, stripped of overseas colonies, into the strongest
economy in Europe within four years, even before armament spending began.”
(Henry C. K. Liu, “Nazism and the German Economic Miracle,” Asia Times (May
24, 2005).
In Billions for the Bankers,
Debts for the People (1984), Sheldon Emry commented:
“Germany issued debt-free and interest-free money from 1935 on, which accounts
for Germany’s startling rise from the depression to a world power in five
years. The German government financed its entire operations from 1935 to 1945
without gold, and without debt.
It took the entire Capitalist
and Communist world to destroy the German revolution, and bring Europe back
under the heel of the Bankers.”
These facts do not appear in any
textbooks today. What does appear is the disastrous runaway inflation suffered
in 1923 by the Weimar Republic, which governed Germany from 1919 to 1933.
Today’s textbooks use this inflation to twist truth into its opposite. They
cite the radical devaluation of the German mark as an example of what goes
wrong when governments print their own money, rather than borrow it from
private cartels.
In reality, the Weimar financial
crisis began with the impossible reparations payments imposed at the Treaty of
Versailles. Hjalmar Schacht [who was never a Nazi Party member either and now
it appears clear why that was the case] – the Rothschild agent who was
currency commissioner for the Republic — opposed letting the German government
print its own money…
“The Treaty of Versailles is a
model of ingenious measures for the economic destruction of Germany. Germany
could not find any way of holding its head above the water, other than by the
inflationary expedient of printing bank notes.”
Schacht echoes the textbook lie
that Weimar inflation was caused when the German government printed its own
money. However, in his 1967 book The Magic of Money, Schacht let the cat out
of the bag by revealing that it was
the PRIVATELY-OWNED Reichsbank,
not the German government that
was pumping new currency into the economy. Thus, the PRIVATE BANK caused the
Weimar hyper-inflation.
Like the U.S. Federal Reserve,
the Reichsbank was overseen by appointed government officials, but was
operated for private gain.
What drove the wartime inflation into hyperinflation was speculation by
foreign investors, who sold the mark short, betting on its decreasing value.
In the manipulative device known as the short sale, speculators borrow
something they don’t own, sell it, and then “cover” by buying it back at the
lower price.
Speculation in the German mark was
made possible because
the PRIVATELY OWNED
Reichsbank (not yet
under Nazi control) made massive amounts of currency available
for borrowing. This currency, like U.S. currency today, was created with
accounting entries on the bank’s books. Then the funny-money was lent at
compound interest. When the Reichsbank could not keep up with the voracious
demand for marks, other private banks were allowed to create marks out of
nothing, and to lend them at interest.
The result was runaway debt and inflation.
Thus, according to Schacht himself,
the German government did not cause the Weimar hyperinflation. On the
contrary, the government (under the National Socialists) got hyperinflation
under control. The National Socialists put the Reichsbank under strict
government regulation, and took prompt corrective measures to eliminate
foreign speculation. One of those measures was to eliminate easy access to
funny-money loans from private banks. Then Hitler got Germany back on its feet
by having the public government issue Treasury Certificates.
Schacht , the Rothschild agent,
disapproved of this government fiat money, and wound up getting fired as head
of the Reichsbank when he refused to issue it. Nonetheless, he acknowledged in
his later memoirs that allowing the government to issue the money it needed
did not produce the price inflation predicted by classical economic theory,
which says that currency must be borrowed from private cartels.
What causes hyper-inflation is
uncontrolled speculation.
When speculation is coupled
with debt (owed to private banking cartels) the result is disaster. On the
other hand, when a government issues currency in carefully measured ways, it
causes supply and demand to increase together, leaving
prices unaffected. Hence there is no inflation, no debt, no unemployment, and
no need for income taxes.
Naturally this terrifies the
bankers, since it eliminates their powers. It also terrifies the
internationalists, since their control of banking allows them to buy the
media, the government, and everything else.
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