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Many people take joy in claiming Wall Street and Jewish bankers financed Hitler. There is documented evidence that Wall Street and Jewish bankers did indeed help finance Hitler at first, partly because it allowed the bankers to get rich and partly in order to control Stalin. However, when Germany broke free from the bankers, the international banking houses declared total economic war on The Workers Reich.
When one looks at the big picture, the charge that Jews financed Hitler becomes irrelevant. Los Angeles Attorney Ellen Brown discusses this topic in her book Web of Debt.
When Hitler’s National Socialist German Workers Party (NSDAP) was elected to lead Germany in January 1933, the nation was technically bankrupt. The Treaty of Versailles had imposed crushing reparations on the German people, demanding that Germans cover the costs of every nation caught up in World War I (1914-1918). These costs totalled three times the value of all the property in Germany.
Currency speculators caused the German mark to plummet, causing 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 (Jewish controlled) banks. Germans lived in hovels and were starving in the streets.
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.
Until the 1933 elections, Germany had no choice but to succumb to debt slavery under international (mainly Jewish) banking houses. At that point, the German government frustrated the international banking cartels by issuing its own money. World Jewry responded by declaring a global boycott against Germany.
Chancellor Adolf 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 no longer issued by the privately-owned 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 unemployed people to work and paid them with Treasury Certificates.
Under the National Socialists, Germany’s money wasn’t backed by gold, which was controlled by the most New York-based banking corporations.
The Treasury Certificates were essentially a receipt for labour 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 immediately soared out of the crushing debt and usurious interest rates imposed on them by the international bankers.
Basically, Adolf Hitler had done the dame as Jesus Christ; he had driven the money lenders from the temples of Mammon. 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 were still out of work. Within five years, Germany went from the poorest nation in Europe to the richest.
Read more REICH AND WRONG
Germany restores 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, Iran, Russia, China and others sanctioned by Wall Street and Washington DC do the same thing today when it trades oil or wheat, armaments or provides the infrastructure for commodities, plus medical help, and so on. Hence today, the same banking houses sanction these nations too.
Germany’s economic independence was short-lived; but it left several monuments, including the famous Autobahn, the world’s first extensive superhighway. Germany’s wealth created by the National Socialist system was plundered by the Allies as the post-war German economy fell under the control of the same banks as the Weimar Republic laboured under.
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.’
Schact 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 privately-owned 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, 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 Rothschild agent Hjalmar Schacht. The bankers financed Hitler in order to control Stalin, who had usurped power from their wealthy bankrolled agent Trotsky. Hitler became an even bigger threat than Stalin when Hitler started printing his own money.
Rakovsky said: ‘Hitler took over the privilege of manufacturing money, and not only physical money, 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 (National Socialists) 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 media or in books published by publishing houses today since their money supply is controlled by the same banks.
What does appear in print and dialogue is the disastrous runaway inflation suffered in 1923 by the Weimar Republic, which governed Germany from 1919 to 1933.
Today’s palace writers and publishers use this inflation to twist the 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.
Schact 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, Schact 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, it was the private bank that was responsible for the Weimar hyper-inflation.
Speculation in the German mark was made possible because the Reichsbank, not yet under NSDAP 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 Mickey Mouse 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.
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 loans from private banks.
Schacht 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 a 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 access to enormous wealth through usury, high-interest debts. Only in 2010 did the British people finally pay off the debt to the banks that had financed WORLD WAR I (1914-1918). The Mersey Tunnel was completed n 1936 using money borrowed from the banks; the interest has still not been paid, and so on.
MICHAEL WALSH is a worldwide journalist, broadcaster and author of 64 book titles with 36 years experience. Like other journalists of integrity, he no longer writes for corporate media, opting instead for true journalism.
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MICHAEL WALSH is an Irish British-born journalist. His 64 books include best-selling historical books THE ALL LIES INVASION, WITNESS TO HISTORY, TESTIGO DE LA HISTORIA: HISTORIA SIN CENSURA (SPANISH EDITION), REICH AND WRONG, HEROES OF THE REICH, HEROES HANG WHEN TRAITORS TRIUMPH , THE FUHRER’S PROCLAMATION TO THE GERMAN PEOPLE , ODYSSEY ADOLF HITLER, UNCENSORED ADOLF HITLER, FOR THOSE WHO CANNOT SPEAK, MEGACAUST, THE RED BRIGANDS, RANSACKING THE REICH , DEATH OF A CITY, RISE OF THE SUN WEEL, EUROPE ARISE, TROTSKY’S WHITE NEGROES, MEGACAUST, THE BUSINESS BOOSTER , THE FIFTH COLUMN VOLUME I and II, FOR THOSE WHO CANNOT SPEAK, IMMORTAL BELOVED, INSPIRE A NATION Volume I, INSPIRE A NATION Volume II , SLAUGHTER OF A DYNASTY , and other book titles. These illustrated best-selling books are essential for the libraries of informed readers.
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