How Hitler put back Germany on rails is something everybody should know.
Kikes usually peddle the idea that Jewish banks rebuilt Germany, or that the country wasn't wasted, or that Hitler himself was a Jewish agent.
But the truth is now and published on NS boards, properly dissected too, and easy to share even without an internet connection.
[–] 17567610? ago
yes it should. he created dummy companies and printed more money that he had collateral. sam thing US is doing now.
To stabilize the economy and to smooth the transition, the Papiermark was not directly replaced by the Reichsmark, but by the Rentenmark, an interim currency backed by the Deutsche Rentenbank, owning industrial and agricultural real estate assets. The Reichsmark was put on the gold standard at the rate previously used by the Goldmark, with the U.S. dollar worth 4.2 ℛℳ…A number of companies were created with inadequate capital for their operations and authorized to issue bonds exchangeable at a 1:1 rate for Reichsmarks and sold at a discount. The Reichsbank rediscounted the bills of these companies creating a monetary expansion without formally renouncing the link to gold….MEFO was a dummy company that was formed with relatively small amounts of capital that was used to finance German rearmament off the books. It issued bills without backing by its own resources but which were guaranteed redeemable at 1:1 for Reichsmarks for five years by the government. The MEFO bills amounts were considered a state secret and were an important element in the impression that Hitlerian economics was a success. This company essentially created a large amount of Reichsmarks off the books, inflating the currency in secret. Payment was about to come due giving Hitler the option of shifting the German economy to export goods to pay the bills or going to war and paying the debts off from looting profits extracted from conquered states. https://en.wikipedia.org/wiki/Reichsmark
then he did not have enough gold to pay stalin for 900,000 tons of oil, 1,600,000 tons of grain and 140,000 tons of manganese ore. to name some of the things.
[–] 17571678? ago
A proper source from someone who understands the principle of punctuation would be preferred.
[–] 17571684? ago
See>>12994421
>>12994421
Also do not trust the (((wiki)))
[–] 17588368? ago
Nope.
He abolished the (((central bank))) that was lending currency to the Weimar government at interest without any relation to labour (GDP) and was causing economic chaos (Inflation, deflation, massive taxation etc…) and enabled the control of economy, government and people by the (((central bankers))).
In its place he produced his own currency issued directly by the National Socialist government without being borrowed from anybody and without interest in direct relation to labour (GDP) as nothing more than a token that represented economic value derived from labour in order to exchange that labour for other peoples labour (i.e.goods and services).
This meant that all he needed to do was find PRODUCTIVE labour for his people producing goods and services that people wanted or needed and simply issue the appropriate economic value tokens to represent that productive labour so that those performing the work could spend the economic value thus generated. This worked because unlike the capitalists claims to the contrary, all economy is based on PRODUCTIVE LABOUR.
Because the money (Economic value tokens) wasn’t borrowed, didn’t need paying back, didn’t charge people interest to have them and was there fore debt free he didn’t accrue any debt by issuing them and thus so long as the issuance of currency matched GDP and the labour that generated GDP was productive then no economic negatives occurred.
Now compare this to Roosevelt’s 'New deal'. In order to create jobs he needed money but unlike Hitler he had to borrow it at interest from the federal reserve. This gave a temporary boost to the economy but also accumulated debt and thus created more problems in the long term.