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Title: Hitler's Monetary System
Source: Rense
URL Source: http://www.rense.com/general77/hitn.htm
Published: Jul 15, 2007
Author: Rense
Post Date: 2007-07-15 00:50:08 by robin
Keywords: None
Views: 1591
Comments: 85

Hitler's Monetary System 7-14-7

"We were not foolish enough to try to make a currency coverage of 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." -Adolf Hitler, 1937 (CC Veith, Citadels of Chaos, Meador, 1949.)

"And it proved sound. It worked. In less than ten years Germany became easily the most powerful state in Europe. It worked so magically and magnificently that it sounded the death knell of the entire (Zionist) Jewish money system. World Jewry knew that they had to destroy Hitler's system, by whatever means might prove necessary, or their own [system of usury] would necessarily die. And if it died, with it must die their dream and their hope of making themselves masters of the world. The primary issue over which World War II was fought was to determine which money system was to survive. At bottom it was not a war between Germany and the so-called allies. Primarily it was war to the death between Germany and the International Money Power." --William Gayley Simpson, 'Which Way Western Man' (p.642)

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Begin Trace Mode for Comment # 46.

#1. To: All, Eoghan, Cynicom (#0)

comments?

robin  posted on  2007-07-15   0:50:46 ET  Reply   Untrace   Trace   Private Reply  


#2. To: robin (#1)

We were not foolish enough to try to make a currency coverage of 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

Actually this is a good and valid system...far far better than any gold standard. It is completely anti-inflationary and the basis of a fiscal rather than monetary economy.

Far superior to a monetarist manipulation system.

IMNSHO

JCHarris  posted on  2007-07-15   0:59:33 ET  Reply   Untrace   Trace   Private Reply  


#4. To: JCHarris, robin (#2)

but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced. . . .

Problem: Who's gonna make them accept a "mark" for their labor or goods? What if they don't want any marks?

The premise is that Germans would willingly trade their labor, which has value, for marks, which upon first exchange from the government to the laboror, have no value.

I'm curious, JC, what kind of monetary system you actually favor since you hold a gold backed currency in such contempt.

Pinguinite  posted on  2007-07-15   1:52:14 ET  Reply   Untrace   Trace   Private Reply  


#33. To: Pinguinite, IndieTx, Red Jones, HOUNDAWG, Fred Mertz, Minerva, christine, Zipporah, farmfriend, Eoghan, wudidiz, wbales, Former Lurker, Jethro Tull, Yertle Turtle, robin, Diana (#4)

I'm curious, JC, what kind of monetary system you actually favor since you hold a gold backed currency in such contempt.

I just told you. Fiat based on fiscal, not monetary parameters, with a "storehouse of value" being savings of the excess productivity, released during the slow business cycle to be re-cycled into infrastructure and productive employment in rejuvenating the infrastructure. This and this only. Dedicated funds by Constitutional LAW.

Think of a farmer working his ass off in the summer and Fall and making one helluva lot of money and socking a portion of it away to grow 10% more crops the next year and pay his help over the slow winter months ( starving time) to fertilize and sow green manure ( rye grass) and fix the equipment for the next year so they can get off to a running start.

Imagine a factory with its own internal chits good for anything you want...all that is personal.

When times are booming and output is maximized so the employees are paid and the company profits to the maximun, the excess profit ( this can be an agreed upon tax base that is spent only to the X% level, i.e. the fiscal constraint, to support the factory's current obligations with the balance "saved" e.g. stock buybacks...) is saved then purposefully spent during a cyclical downturn to renew the factory's infrastructure, build new facilities, repair machinery, update systems and machinery, plan for the fiscal upturn etc employ the workers within the factory for meaningful CAPITAL REJUVENATION, i.e. infrastructure great for consumerism and the good of the work force) ...the excess profit is released during a slow time fo0r infrastructure rejuvenation and capital replacement and work force re-training/meaningful work.

For a company this would be internal, for a nation it would be release of excess funds for highway/bridge construction boom, Building and office upgrade/replacement, National/state Park expansion/updating, arts and humanities support, release of study funds, mineral/resource exploration and development, power grid updating, energy construction ( nuclear to hydrogen) ...

i.e. about every five years instead of a painful slowdown, there would be a cycle of renewal as the storehouse of value because this would put the nation, and its component parts, in position for the next boom and rather than a grinding start up, the new cycle could be maximized and thus more "value" saved to plow into more urgrading the next slow cycle.

This makes far more sense than basing a nation's weal on how much metal is extracted sometime somewhere then manipulated by the various international bankers, like gold and diamonds.

This is a fiscal rather than a monetary storehouse and release of value system of capitalism that makes productivity the driving force of economics, as it really is and should be, without the manipulations of bankers. Deficit spending is held strictly within limits set by productivity...i.e. YOU may buy a $300,000 home on credit IF and ONLY IF you make at least $75,000 and do not already owe much money.

JCHarris  posted on  2007-07-15   11:30:56 ET  Reply   Untrace   Trace   Private Reply  


#43. To: JCHarris (#33)

I mean this sincerely -- you're explanation is rather nebulous, and from what I can make of it, seems to offer nothing that a gold standard couldn't do. Savings is certainly possible in a gold backed economic system, and drawn upon during slow periods as needed.

Pinguinite  posted on  2007-07-15   12:54:38 ET  Reply   Untrace   Trace   Private Reply  


#46. To: Pinguinite (#43)

seems to offer nothing that a gold standard couldn't do

Not true. The fallacy of the gold standard is the one that bankrupted the world for thousands of years.

The supply of gold is finite. You must have a set price or the value is identical to the printing presses running all night...i.e. a pure monetarist inflation of the currency.

Currency based on productivity is far different, elastic and accommodating in both directions. The RICH do not get RICHER from the blood of the serfs and the manipulations of the bankers as is and always has been the case with the discredited 'gold standard'.

I do appreciate and respect your skepticism. I argued with George for two years over it, mostly as a devils advocate, but it is strikingly similar to the system which is the subject of this thread and is eminently sound.

Gold does NOT allow for expansion to the people based on productivity and personal wealth accumulation while simultaneously allowing a 'storehouse of value' determined exclusively by productivity and released to once again PRIME that productivity instead of serving as the "King's Horde" while the masses and middle classes and more successful all starve.

JCHarris  posted on  2007-07-15   13:41:21 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 46.

#58. To: JCHarris (#46)

Not true. The fallacy of the gold standard is the one that bankrupted the world for thousands of years.

The gold standard bankrupted the world for thousands of years??? Sorry, I'm not buying that -- no pun intended. The premise it requires is pretty absurd.

The supply of gold is finite. You must have a set price or the value is identical to the printing presses running all night...i.e. a pure monetarist inflation of the currency.

Yes, the supply is finite, but it cannot be manufactured, which is key. A printing press, on the other hand, can manufacture money, in which case you place your trust in the intergrity of the printer, and man has demonstrated time and time again that corruption will take root, given the chance.

With a gold standard, the free market decides how much an ounce of gold will buy. Government, as per the Constitution, merely gives Congress the authority to decide how much gold defines an "dollar", so that the free market can negotiate commerce more easily.

Gold does NOT allow for expansion to the people based on productivity and personal wealth accumulation while simultaneously allowing a 'storehouse of value' determined exclusively by productivity and released to once again PRIME that productivity instead of serving as the "King's Horde" while the masses and middle classes and more successful all starve.

The supply of gold as money will still fluxuate according to market demand. If gold becomes too common such that inflation begins to take hold, gold will natural seep from the market into it's many commercial and industrial uses, such that inflation is suppressed. If it becomes too rare such that an ounce of gold buys too much, market forces reopen mines and scrap gold is remonetized back into circulation. It's self regulating.

Why do you find it reasonable for people to trust a government money printing bureaucrat to not exploit his powers to his advantage? Gold has the advantage of not being creatable out of thin air.

Pinguinite  posted on  2007-07-15 14:47:47 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 46.

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