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History
See other History Articles

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: 1452
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 # 49.

#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  


#35. To: cynicom (#33)

Cynicom ping

sorry missed you

JCHarris  posted on  2007-07-15   11:40:52 ET  Reply   Untrace   Trace   Private Reply  


#36. To: JCHarris (#35)

manipulated by the various international bankers

Therein lies the crux of the problem.

Bankers and speculators are the ruination of society.

For instance, the increased cost of producing one barrel of oil does not reflect the huge increase in the cost of gasoline.

I read your epistle without a ping. Thanks.

Cynicom  posted on  2007-07-15   11:48:55 ET  Reply   Untrace   Trace   Private Reply  


#39. To: Cynicom (#36)

I do not have time to write a hundred page treatise on it, but think the system through and tell me what you think. This was first proposed by an economist, capitalist and America-loving man by the last name of Lennox during the 1920s. Notice the similarities to Ayn Rand's thinking although she had not published when he did publish this book ( I have a copy somewhere but the exact title escapes me...'A system of Infrastructure Renewal and Capital Replenishment as a Storehouse of Value to Replace the Gold Standard and Lessen the Deleterious Effects of the Business Cycle' ....close but not exact ) His son George Lennox married Cyrus Hall McCormick's great granddaughter and was himself an accomplished economist.

JCHarris  posted on  2007-07-15   11:56:35 ET  Reply   Untrace   Trace   Private Reply  


#49. To: JCHarris (#39)

Your system sounds similar to a that of a book that I have purchased and read -- Money Creators by Gertrude Coogan, published by Sound Money Press in 1935. She does not mention Lennox, but she does reference Charles Lindbergh Sr. several times

DeaconBenjamin  posted on  2007-07-15   13:48:55 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 49.

#53. To: DeaconBenjamin (#49)

Lennox, George , Sr. I believe; did spend some years in Greenwich Village during the 20s and 30s when it was not a kook neighborhood but rather a gathering place for people actually trying to figure out a system for the United States not tied to the European strangle hold on productivity and a fairer upward access to personal wealth creation that was so evident in the entanglements and millstone on the European nations imposed by the bankers and their gold hoarding/capital withholding leading to productivity stagnation....as the elite bankers want it..."I got mine a thousand years ago now SCREW YOU."

Is it any wonder that Germany was the industrial/science/invention/productivity capital of the world?? Scientific Literature was until recently preferred in German. Wissenschaftlicher Deutsch was a necessity before WWII.

They ( Lennox et al.) were also the last thing to socialists and reminded me in reading of Ayn Rand.

Lots of math, even then !! LOL but it WAS Isaac Newton who invented the calculus (slope-finding and limits) to simplify the convoluted algebraic calculations (-;

JCHarris  posted on  2007-07-15 13:58:54 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 49.

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