I used to wonder how Bankrupt German Nation, heavily indebt and economically fettered through Colossal war penalties , could be able to Outclass Allied Armies and almost conquer whole Europe. I have read about the Germans of their fierce annihilations and violent conquests. But Victories are never made mere through slaughters. For sustainable victories there needed able Political leadership, National support, superior tactical skills and more necessarily Strong economy. How come, in short period of few years’ Nazi party in Hitler Governance built such sound infrastructure and prosperous Germany that even its gleam envied British Crown.
Hitler became Chancellor in 1933 of mournful Country, when hyperinflation and unemployment was dancing across Germany. Sacks of German Mark could only buy a Loaf of Bread. The Treaty of Versailles had imposed devastating reparations on the German people; these reparations costs totaled three times the value of all the property in Germany. And by 1938 Germany was on rollercoaster of prosperity, there was construction boom, unemployment had been vanished and Germany even lacked enough workers to fill the available jobs. This happened at a crucial time when Europe was suffering from Great Depression. The 1933–1938 the Five Years of Miracle!Monetary Theories of that era says that all money issued should be back by Gold held in Federal Reserve or central bank, who works independently then Government. So those bankers decide how much money should be issued. Hitler outlawed the contemporary economic system of international banking by issuing its own currency not only monetary but also financial ones. Hitler emphasized that right of issuing money should lie in Government not to bankers, who can issued it for the benefit of people.
Hitler rejected by saying that Money is not something stored in Lockers but actual wealth lie in the Hand of German labors. And that was purely Logical.
“We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark’s worth of work done or goods produced … we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.” – Adolph Hitler
After the world war 1, The International banking Draculas were ready to suck German Laborers blood, willing to offer Germany Loans on interest (Of Course for their own interests). But Hitler refused to accept the slavery of Debt of German people and issued Germany unique currency and his excellent and innovative money astounded the International bankers whose enmity was certain in order to save their aristocracy and more importantly their banking system.
Germany issued debt-free and interest-free money. The German government financed its entire regime 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 So they succeed. Hitler resisted the Evil forces for half a decade but perished.
Hitler began his National credit program by devising a plan of public works. Projects earmarked for funding included flood control, repair of public buildings and private residences, and construction of new buildings, roads, bridges, canals, and port facilities. The projected cost of the various programs was fixed at one billion units of the national currency. One billion Non-inflationary bills of exchange, called Labor Treasury Certificates, were then issued against this cost. Millions of people were put to work on these projects, and the workers were paid with the Treasury Certificates. ” The government paid workers in Certificates. Workers spent those Certific Hates 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.Another great aspect of Hitler economic system was barter system. Germans successfully run that B.C system in 20 century and German foreign trade boosted enormously. Barter system cut down the international bankers, and eliminates the exposure to trade deficit.
England was quite willing to lend money to buy raw materials but Germany insisted upon exchanging goods for goods.
“Germany will enter into no obligations to pay for her imports than she is capable of fulfilling. The German Government thus takes the standpoint of the respectable merchant who keeps his orders in harmony with his power to pay” (Hitler)