germanvictims.com – Churchill: “Germany is becoming too strong. We must crush her.” To American General Robert E. Wood, in November 1936… “You must understand that this war is not against Hitler or National Socialism, but against the strength of the German people, which is to be smashed once and for all, regardless of whether it is in the hands of Hitler or a Jesuit priest…”
By Robert Reis
During a recent visit to Les Invalides, I encountered a large government sponsored exhibition about the history of the Second World War. The museum’s title for the exhibition was “The War of German Aggression, 1939 -1945.” Nowhere in the exhibition was it mentioned that it was France and the United Kingdom who had declared war on Germany.
Since it was France and Great Britain who insisted on unleashing the most destructive war in human history, the natural question is: why did they do so?
Some people still insist that the France and Great Britain were honoring their obligation to Poland.
That this is nonsense is easy to prove. Neither country made a strenuous effort to help the Poles defend themselves against the Germans. Neither country declared war on the Soviet Union when Stalin invaded Poland. Neither country gave a noticeable damn about the fate of the Polish people at the end of the war.
Clearly, Britain and France wanted war with Germany.
Winston Churchill has left us many clues.
“Germany is becoming too strong. We must crush her.” To American General Robert E. Wood, in November 1936.
“You must understand that this war is not against Hitler or National Socialism, but against the strength of the German people, which is to be smashed once and for all, regardless of whether it is in the hands of Hitler or a Jesuit priest.”
“Germany’s unforgivable crime before the second world war was her attempt to extricate her economic power from the world’s trading system and to create her own exchange mechanism which would deny world finance its opportunity to profit.” Churchill to Lord Robert Boothby, as quoted in: Sidney Rogerson, Propaganda in the Next War (Foreword to the second edition 2001).
When Hitler came to power, Germany was completely, hopelessly broke.
The German people were expected to reimburse the costs of the First World War for all participants.
People were living in hovels and starving. The national currency had been totally destroyed. The people’s saving had been wiped out. When the Great Depression arrived, it looked like Germany had no choice but to accept total enslavement by the international bankers.
The financial catastrophe was similar to the one we are all experiencing now. [*In no way! It was a Million times worse!~germanvictims]
Germany had an advantage that we lack today. They had a Hitler.
The Great Depression effected the United Kingdom, France, the United States as well Germany.
In some towns and cities in the north east of England, unemployment reached as high as 70%; the national unemployment level peaked at more than 22% in 1932. Unemployment began a modest fall in 1934 and fell further in 1935 and 1936. The North and Wales remained severely depressed for most of the decade. From 1936 onwards, the National Government followed a policy of mass rearmament. By 1937, unemployment had fallen to 1.5 million, but rose again to 1,810,000 by January 1938.
In 1932, 25% of all American workers and 37% of all nonfarm workers were unemployed. In 1937, the American economy unexpectedly fell again, lasting through most of 1938. Production declined sharply, as did profits and employment. Unemployment jumped from 14.3% in 1937 to 19.0% in 1938. According to economist Robert Higgs, when looking only at the supply of consumer goods, significant GDP growth only resumed in 1946.
The crisis of 1929 impoverished all the countries of the world and France was the last country to come out of it. In 1937, economic conditions slightly improved, to a backdrop of growing, increasingly vocal communist and fascist movements. These gains, however, were due as much as anything to the growth of the armaments industry. In September 1939, France declared war on Germany.
In four short years, Hitler transformed Germany from a prostrate, impoverished, and bankrupt society into the strongest economic and military power in Europe.
Hitler adopted an aggressive full-employment campaign. Between January 1933 and July 1935, the number of employed Germans rose by a half, from 11.7 million to 16.9 million. More than 5 million new jobs paying living wages were created. Unemployment was banished from the German economy and the entire nation was productively engaged in reconstruction. Inflation was brought under control by wage freezes and price controls.
“How did Germany do it? The centerpiece was Germany’s Work Creation Program of 1933-36, which preceded its rearmament program. Neo-liberal economists everywhere seven decades later have yet to acknowledge that employment is all that counts and living wages are the key to national prosperity…. Any economic policy that does not lead to full employment is self-deceivingly counterproductive, and any policy that permits international wage arbitrage is treasonous. German economic policies between 1930 and 1932 were brutally deflationary, which showed total indifference to high unemployment, and in 1933 Hitler was elected chancellor out of the socio-economic chaos.” [http://henryckliu.com/page105.html]
Hitler and the National Socialists thwarted the international banking cartel by issuing their own money.
Hitler devised 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 issued.
Millions of people were put to work on these projects, and the workers were paid with the Treasury Certificates. This government-issued money was not backed by gold, but it was backed by something of real value. It was essentially a receipt for labor and materials delivered to the government. Hitler said, “For every mark that was issued we required the equivalent of a mark’s worth of work done or goods produced.” The workers then spent the Certificates on other goods and services, creating more jobs for more people.
Hitler solved the unemployment problem within two years.
Germany had a solid stable currency, no debt, and no inflation.
Hitler even managed to restore foreign trade, although he was denied foreign credit and was faced with an economic boycott by World Jewry. [*In 1933 the Jews declared war on Germany~germanvcitims]
Hitler circumvented the international banks. He used a barter system: equipment and commodities were exchanged directly with other countries. This system of direct exchange occurred without debt and without trade deficits.
In Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented: Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years.
Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt and it took the whole Capitalist and Communist world to destroy the German power over Europe and bring Europe back under the heel of the bankers.
Hitler understood that workers needed decent incomes to become healthy consumers. For him, full employment was the key to economic and social health.
What changed after 1933 was the government’s willingness to create massive short-term sovereign credit and its firm commitment to retire in full the debt created by that credit. Short-term sovereign credit was important to change the general climate of distrust on government credit. The quick rollover of short-term government notes created popular trust within months in German sovereign credit domestically.
Hitler increased the money supply in the German economy by creating special money for employment.
“In the US Banking Panic of 1907, J P Morgan (1837-1913) did in essence the same thing. He strong-armed US banks to agree to settle accounts among themselves with clearinghouse certificates he issued rather than cash and thus illegally increased the money supply without involving the government, and ended up owning a much larger share of the financial sector paid for with his own paper, ironically with the gratitude of the government. The difference was that the economic benefit went to Morgan personally rather than to the nation as in Nazi Germany and the private money was used to save the banks rather than to save the unemployed.” [Henry Liu]
Hitler cared about his people, not just the international banking houses, and their owners.
Germany died so that the vampires of international finance might suck our blood.
THINKING OUTSIDE THE BOX: HOW A BANKRUPT GERMANY SOLVED ITS INFRASTRUCTURE PROBLEMS,Ellen Brown, August 9th, 2007, http://www.webofdebt.com/articles/bankrupt-germany.php
Henry C. K. Liu, “Nazism and the German Economic Miracle,” Asia Times (May 24, 2005).
Stephen Zarlenga, “Germany’s 1923 Hyperinflation: A ‘Private’ Affair,” Barnes Review (July-August 1999); David Kidd, “How Money Is Created in Australia,” http://dkd.net/davekidd/politics/money.html (2001).
Posted by Robert Reis on Saturday, February 11, 2012 at 11:04 PM in Economics & Finance, History, World Affairs