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History
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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: 1447
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 # 60.

#7. To: robin (#0)

the NAZIs had a fiat system just like we have a fiat system - not backed by gold, money is just made out of thin air & spent. But the difference is that under the NAZI system the government created the money and did not charge interest for it. And in our system the bankers make the money and charge a large amount of money for it.

I advocate that the government should create the new money and use it to pay government expenses. In this way taxes could be reduced dramatically. and government could pay for infrastructure projects and other worthwhile endeavours without taxing the people to do it.

People are reluctant to say that this concept is good because they've been taught to think that government will increase the money supply so fast that it will cause inflation. If they increase it too fast, then this will cause inflation or debase the currency, that is true. But today the private sector bankers have a profit motive for creating money. and they have increased the money supply maassively to cause inflation. The great run-up in the stock values and the real estate values is a form of inflation itself. I contend that government would do better than these bankers at controlling the money supply responsibly. As long as there's no corruption where officials are taking money themselves, then there's no profit motive for government to run up the money supply too rapidly. but the private sector bankers inherently have a profit motive especially since they charge so much profit to make money.

People don't realize that 8-10% of our entire economy is spent each year to compensate one bank, the Federal reserve, for its money-creation services. That is like an 8-10% tax that we pay each year and strictly for the benefit of private wealth concentrated in a very few hands.

Red Jones  posted on  2007-07-15   7:31:40 ET  Reply   Untrace   Trace   Private Reply  


#45. To: Red Jones (#7)

not backed by gold, money is just made out of thin air & spent

Gold doesn't have any more innate value than any other commodity (including labor).

Rupert_Pupkin  posted on  2007-07-15   13:36:08 ET  Reply   Untrace   Trace   Private Reply  


#51. To: Rupert_Pupkin (#45)

Gold doesn't have any more innate value than any other commodity (including labor).

From the beginning of time, mankind would disagree - gold and silver have always been an earthly store of value.

Lod  posted on  2007-07-15   13:50:59 ET  Reply   Untrace   Trace   Private Reply  


#60. To: lodwick, Rupert_Pupkin (#51)

Gold doesn't have any more innate value than any other commodity (including labor).

From the beginning of time, mankind would disagree - gold and silver have always been an earthly store of value.

I don't disagree. Other commodities (tin, lead, wood) have innate value too. But gold and silver (gold especially) have many unique properties and attributes that make it a good choice for money. (I.e. doesn't burn or rust).

Pinguinite  posted on  2007-07-15   14:55:28 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 60.

#65. To: Pinguinite. gold naysayers here (#60)

But gold and silver (gold especially) have many unique properties and attributes that make it a good choice for money. (I.e. doesn't burn or rust).

So true.

If gold's so bad, give me all that you've got, and I'll give you some banana's.

Deal?

Lod  posted on  2007-07-15 17:58:54 ET  Reply   Untrace   Trace   Private Reply  


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