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[–] 17567610? ago 

How Hitler put back Germany on rails is something everybody should know.

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.

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[–] 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.

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[–] 17588371? ago 

He abolished the (((central bank))) that was lending currency to the Weimar government at interest without any relation to labour

he = who ?

>>13008250

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).

he = who ?

do you think this ?

Economic reforms, such as the issue of a new provisional currency – the Rentenmark – and the 1924 Dawes Plan, stabilised German monetary development and thus the economic outlook of the Weimar Republic. One of the key reforms caused by the Dawes Plan was the establishment of the Reichsbank as an institution independent of the Reich government. On 30 August 1924, the Reichsbank began issuing the Reichsmark, which served as the German currency until 1948.

do you mean Walther Funk ?

Funk, who was a nationalist and anti-Marxist, resigned from the newspaper in the summer of 1931 and joined the Nazi Party, becoming close to Gregor Strasser, who arranged his first meeting with Adolf Hitler….He boasted that by 1938, the German state had confiscated Jewish property worth two million marks, using decrees from Hitler and other top Nazis to force German Jews to leave their property and assets to the State if they emigrated, such as the Reich Flight Tax….Between April 1938-March 1939 Funk was a Director of the Swiss-based multi-national Bank of International Settlements,[1] and in January 1939, Hitler appointed Funk as President of the Reichsbank, replacing Schacht. He was appointed to the Central Planning Board in September 1943.https://en.wikipedia.org/wiki/Walther_Funk

Walther Funk was the one who made deals with swiss to ship gold from germany to swiss and then further to only place that can sell this amount of gold. london fix that was run at the time by rothschild.

>>13008250

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.

economic value tokens = MEFO ?

this is what you are talking about ? that economic value tokens were MEFO https://en.wikipedia.org/wiki/Mefo_bills

dummy company was set up in May 1933 as a front for purchases from four German armament manufacturers, Krupp, Siemens, Gutehofnungshütte, and Rheinmetall. The four companies pooled together over 1 billion Reichsmark

(equivalent to 4 billion 2009 euros) where the National Socialist government agreed to repay the money with five-year promissory notes.

>>13008250

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.

or do you talk about Oeffa bills ?

In 1932, Öffa bills were created by the second cabinet under chancellor Heinrich Brüning after consultation with the then President of the Reichsbank, Hans Luther. The bills were issued by the Deutsche Gesellschaft für öffentliche Arbeiten AG (English: German Society for Public Works AG), founded 1 August 1930, and rediscounted by the Reichsbank. With the capital thus raised, the Deutsche Gesellschaft für öffentliche Arbeiten AG financed public building initiatives. It was a shell company without sufficient shareholders' equity. Nevertheless, the bills were discounted by the Reichsbank. This way, the Reichsbank financed public building projects.

In the wake of the Great Depression, this hidden money creation stimulated the German economy. The German Deutsche Gesellschaft für öffentliche Arbeiten AG brought into circulation Öffa bills worth 1.26 billion Reichsmark. In general, the duration of a bill was three months but it could be prolonged to five years.[3]https://en.wikipedia.org/wiki/Oeffa_bills

3 reich just printed money out of nothing. reichbank was doing the same thing that FED is doing now. it is the same scheme.

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[–] 17571684? ago 

See>>12994421

>>12994421

Also do not trust the (((wiki)))

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[–] 17571690? ago 

Also do not trust the (((wiki)))

fine. then search for your self in the sources that you trust. i am just giving you what to search for. you choose your own sources. the data will be the same.

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[–] 17571678? ago 

A proper source from someone who understands the principle of punctuation would be preferred.

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[–] 17571688? ago 

A proper source from someone who understands the principle of punctuation would be preferred.

https://en.wikipedia.org/wiki/Reichsmark

https://en.wikipedia.org/wiki/MEFO

This dummy company was set up in May 1933 as a front for purchases from four German armament manufacturers, Krupp, Siemens, Gutehofnungshütte, and Rheinmetall. The four companies pooled together over 1 billion Reichsmark

(equivalent to 4 billion 2009 euros) where the National Socialist government agreed to repay the money with five-year promissory notes.

https://en.wikipedia.org/wiki/Mefo_bills

https://sites.bemidjistate.edu/arpejournal/wp-content/uploads/sites/2/2015/12/v1n1-preparata.pdf

https://en.wikipedia.org/wiki/Hjalmar_Schacht

https://en.wikipedia.org/wiki/Karl_Helfferich