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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: 1493
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 # 66.

#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  


#44. To: Pinguinite (#43)

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

This from Richard Cook two months ago.

The last paragraph explains it all.

"It was the gold standard that led to the bankers wrecking the U.S. economy in 1932 by shipping Treasury gold as a bail-out to England, at the same time the U.S. was trying to recover from the crash of 1929. The 1932 gold and currency contraction was the real cause of the Great Depression. President Franklin Delano Roosevelt removed this danger by eliminating the domestic gold standard in 1933."

But even when paper currency was supposedly convertible to gold, or even gold and silver, the metallic standard always was a fiction. There never was and never could be enough for banks to hand over the requisite quantity to the “bearer on demand” if more than a fraction of the currency in circulation was presented for redemption at the same time."

Cynicom  posted on  2007-07-15   13:08:43 ET  Reply   Untrace   Trace   Private Reply  


#55. To: Cynicom (#44)

"It was the gold standard that led to the bankers wrecking the U.S. economy in 1932 by shipping Treasury gold as a bail-out to England, at the same time the U.S. was trying to recover from the crash of 1929. The 1932 gold and currency contraction was the real cause of the Great Depression. President Franklin Delano Roosevelt removed this danger by eliminating the domestic gold standard in 1933."

The Fed Reserve bank was already in place at that time, so how can this be blamed on the gold standard?

But even when paper currency was supposedly convertible to gold, or even gold and silver, the metallic standard always was a fiction. There never was and never could be enough for banks to hand over the requisite quantity to the “bearer on demand” if more than a fraction of the currency in circulation was presented for redemption at the same time."

If so, then that itself should be/have been a capital crime.

Pinguinite  posted on  2007-07-15   14:26:12 ET  Reply   Untrace   Trace   Private Reply  


#57. To: Pinguinite (#55)

The Fed Reserve bank was already in place at that time, so how can this be blamed on the gold standard?

As JC explained gold or any physical commodity can be manipulated, exploited and speculated.

Two Presidents in our history have defied the bankers and issued money on their own. Both were assassinated.

Cynicom  posted on  2007-07-15   14:41:15 ET  Reply   Untrace   Trace   Private Reply  


#61. To: Cynicom (#57)

As JC explained gold or any physical commodity can be manipulated, exploited and speculated.

He didn't explain that, or at least explain how it happens. He just said it does.

The obstical with such manipulation in a gold standard economy is that as someone hoards gold, the reduced gold in circulation drives prices up, which makes it harder (more expensive) for the hoarder to continue to sap gold from the economy. The more successful he is, the higher the price he has to pay to continue. The reduced supply of gold simultaneously creates pressure to mine more gold and reintroduce gold from other places (jewelry and elsewhere).

He'd have no more success in removing gold from circulation that the DEA has in removing drugs from circulation, and for the exact same reason.

And if the hoarder ever wants to participate in the economy, he has to spend the gold he's trying to hoard. And if he never does, then economically speaking, it's a non-issue as it just means he contributed goods & services to the economy while never accepting any in return.

Two Presidents in our history have defied the bankers and issued money on their own. Both were assassinated.

Yes, and this flies in the face of any proposition that bankers LOVE gold standards. Why would they kill people for wanting to institute gold standards if it plays into their favor???

Pinguinite  posted on  2007-07-15   15:08:55 ET  Reply   Untrace   Trace   Private Reply  


#62. To: Pinguinite (#61)

Yes, and this flies in the face of any proposition that bankers LOVE gold standards.

Bankers do love the gold standard or any other physical commodity they can control, or manipulate.

Cynicom  posted on  2007-07-15   16:01:22 ET  Reply   Untrace   Trace   Private Reply  


#66. To: Cynicom (#62)

Bankers do love the gold standard or any other physical commodity they can control, or manipulate.

When the FRS was created, we were on a gold standard, but now we are not. How can one conclude, then, that the powers behind the fed would prefer a gold standard? It's just not logical.

Pinguinite  posted on  2007-07-15   20:04:46 ET  Reply   Untrace   Trace   Private Reply  


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