Post WWI Germany is a case study in relation to both the negative effects
of banking manipulation and printing press inflation on the one hand, and the
positive socio-economic effects of sovereign credit financing on the other.
The German nation was very harshly treated by the Anti-God/Christ Bankers
(AB's) in the 20th Century. Germany's post WWI experience of inflation and
deflation at the hands of the AB's is instructive.
The AB's use fractional reserve banking and money supply manipulation to
steal the wealth of virtually everyone in the world but the AB's treatment of
the German people after WWI was particularly unconscionable and brutal. The
blatant Allied theft of German national assets under the Versailles Treaty was
then exceeded by the avaricious banking fraud, monetary manipulation and
printing press inflation perpetrated by the AB's and predatory scheming
international financial carpetbaggers after the Treaty was signed. The crime
against the German people was egregious.
On 31 March 1919 just prior to the Versailles Treaty being signed, price
levels in Germany were only 117% higher than they were before WWI began. This
was smaller than the price rise that actually occurred in the US in that
period. Germany's public debt from the beginning of WWI to 31 March 1919 had
increased by 130 billion Marks (about 30 billion $US at the time). The US
public debt increased by a similar amount. The clear implication is that the German
financial structure did not warrant the destruction of the currency experienced
in 1921 and would not have occurred unless Allied international money
manipulators intended it.
So what happened? Well, the terms of the Versailles Treaty were diabolical.
They were directed at destroying the real German people. The Germans
were manipulated into accepting horrendous peace terms because there were
dozens of banksters at the Versailles peace conference. Also, Paul Warburg
Vice-Chairman of the US Federal Reserve (banking) System (the Fed) was advising
the US delegation while his brother Max Warburg, who had been chief of the
German secret service,* sat opposite advising the
German delegation! The Versailles treaty took
away practically all of Germany's gold together with 75% of her iron ore
deposits and mines. All of her colonies were taken away and about 25% of
Germany's other physical property. Theft on that scale would have made Genghis Khan green with envy but that was not enough for
the greedy international banking cabal. They wanted, and got, MORE.
* The Illuminati
banking cabal has always infiltrated secret intelligence services and used them
to encompass its aims and so, as on this occasion, the national interests of
the people ostensibly being served by national secret services are undermined
and destroyed by those „satanic“ services.
From the signing of the Treaty in June 1919 until the beginning of 1922,
the international money powers who were in control of the Reichsbank and the
German Government were manipulating the situation in order to gain control of
actual physical property in Germany. They drastically
changed the banking laws so that they could borrow unlimited amounts from the
Reichsbank and purchase physical property with the knowledge that the loans
could later be repaid with worthless currency.
The volume of currency churned out by the privately owned Reichsbank in
Germany is apparent in what happened to price levels after the Versailles
Treaty. In 1920 price levels increased 1,500% over the pre-war level; in
1921 it reached 3,500% over the pre-war level, and by 23 October 1921, when the
currency became worthless, it was 709 BILLION PERCENT, over the pre-war level.
Predatory
international bankers had printed private marks and forced them into the money
stream with the avowed purpose of destroying the money system of Germany. That meant the
destruction of all insurance policies and mortgages owned by the real German
people. It also meant that the predatory foreign
carpetbaggers got control of German land and fixed property for virtually nothing!
NB: The US Federal Reserve under Chairman Bernanke ceased publishing the US
statistics on total money supply (M3) in the US in March 2006. WHY do you
suppose the Fed did that? AND why can such public interest decisions be made by
a PRIVATE corporation?
Anyway, the international banksters made an absolute killing in post WWI
Germany. They had obtained control of the physical properties and could pay
out loans, many of which had been manipulated through the privately owned Reichsbank,
with worthless money!
Germany's hyperinflation of 1921 was misnamed. It was NOT German inflation. It was private
(virtually counterfeit) money issue inflation, perpetrated by
international banksters and schemers. The inflation was not a government
money inflation at all. It was an inflation of PRIVATE Reichsbank notes. The officers of the Reichsbank -- a privately owned institution* -- issued such huge volumes of money that they were able to destroy the
entire banking structure and make all the money in Germany worthless.
* As is the US Federal Reserve Central Bank today.
* As is the US Federal Reserve Central Bank today.
Hatonn sums the situation up:
`The Germans, not being exactly stupid, knew to whom they had sold their
homes, farms and business for what quickly became bags of worthless Marks. Consequently, when the little corporal appeared pointing a finger in the right
direction, he became quite popular (for they recognised the ones now labeled, by
themselves, self-styled „JEWS“; NOT JUDEANS—SELF MADE, SELF-STYLED“JEWS“. AH, BUT THE
SELF-STYLED ELITE MADE SURE THE HOSTILITY CAME AGAINST THE INNOCENT JUDEANS OF JUDEAN HERITAGE, AND WORSE, THEY STILL
THRUST THE LIE UPON YOU AND YOU BELIEVE IT!).
Hatonn goes on to tell us that:
Seeking to control Hitler, the AB's initially financed his rise to power.
However, after achieving power Hitler double-crossed the AB's and instituted a
debt-free money system. This enabled Germany to go from an
impoverished nation to becoming the most powerful military nation on Earth in
less than five years.* Hitler had to be destroyed.
And so he was. But in order to do so, it was necessary to involve the U.S. in
the war before the Nazis (National Socialists) in Germany could destroy the
communists (International Socialists) in Russia.' (Phoenix Journal ch.22 p
156).
* So imagine what
the institution of a totally debt free sovereign fiat money system will do for
the whole world once GESARA gets here!
GERMANY'S
ECONOMIC TRANSFORMATION UNDER HITLER
When Hitler attained power in Germany in March 1933 the economy was in
total collapse, with ruinous war-reparation obligations and zero prospects for
foreign investment or credit. Using an independent monetary policy of sovereign
credit and a full-employment public-works program, the Third Reich turned a
bankrupt nation, stripped of exploitable overseas colonies, into the strongest
economy in Europe WITHIN FOUR YEARS. Moreover
that was done before armament spending began. The effectiveness of German
economic policy in the 1930s, some of which was commenced during the dying days
of the Weimar Republic, is undeniable.
HOW DID HITLER DO IT?
Hitler adopted an aggressive full-employment campaign. Between January
1933 and July 1935 the number of employed Germans rose by a half, from 11.7
million to 16.9 million. More than 5 million new jobs PAYING LIVING WAGES were created.
Unemployment was banished from the German economy and the entire nation was
productively engaged in reconstruction.
Inflation was brought under control by wage freeze and price control. Besides
this, taking into account the lessons learned during 1914-18, Hitler aimed at
creating an economy that would be independent from foreign capital and supply, and be well protected from another blockade and economic war. Unlike
elitist Italian Fascism, Nazism had a high regard for the German peasant and
although Hitler imposed sweeping government control over all aspects of the
economy, Germany, unlike Mussolini's Italy, was not a corporate state.
NB Compare and contrast those „National Socialist“ policies with the
Rep/Dem and Lib/Lab industry and labour off-shoring; and free trade UNEMPLOYMENT
policies; and debt money and foreign capital dependent economic management
policies in the US and Australia, respectively, in the last 25 years. Had a look at
your county's real national unemployment and foreign debt statistics lately?
By early 1937 Hitler had turned around a Germany ravaged by defeat in war
and gutted by greedy foreign banksters and left in a state of national malaise
by the liberal (neo-liberal?) policies of the Weimar Republic, and with a
bankrupt economy weighted down by heavy foreign war debt and the total
unavailability of new foreign capital, into the strongest economy and
military power in Europe. Hitler's main renewal policy was Germany's Work
Creation Program of 1933-36, which *preceded* Germany's rearmament
program. Neo-liberal
economists everywhere today still don't acknowledge that full employment and
REAL *living wages* (fostered by sovereign debt free money creation) are the
key to national economic health and social prosperity. That is because those
economists are the tools and puppets of the AB's.
Any economic policy that does not lead to full employment is
self-deceivingly counterproductive, and any policy that permits
international wage arbitrage is treasonous. German
economic policies between 1930 and 1932 were brutally deflationary, which
showed total indifference to high unemployment and social weal-fare. In
1933 Hitler was elected Chancellor out of the resulting socio-economic chaos. Hitler reversed
those socially destructive deflationary unemployment policies. The result was
happy workers and national prosperity almost overnight!
SOVEREIGN
CREDIT CREATION, FULL EMPLOYMENT & LIVING WAGES
The financing of Nazi economic-recovery programs drew upon sovereign
credit creation techniques already tried experimentally prior to
Hitler's appointment as Chancellor. Hitler's government created
massive short-term sovereign credit with a firm commitment to retire in
full the debt created by that credit - thus preventing inflation, that is, the
devaluation of the currency that results from excessive money supply
(creation). Short-term sovereign credit
was important to change the general climate of distrust on government credit. The
quick rollover of short-term government credit notes created popular domestic
trust in German sovereign credit.
In May 1933 Hitler told German industrialists that the Reich budget must be
balanced and that economic recovery required action by both state and private
sectors. His government would provide public funding only for highway projects,
not for industry. It would encourage private-sector investment, mainly through
tax incentives. Hitler understood that investment was unlikely if
consumers had no money to spend or were afraid because of job insecurity to
spend money to buy products produced. He also understood that workers needed
decent income to become healthy citizens and consumers. Thus full employment
with adequate wages was the kick-start point of the Third Reich's economic „miracle“
cycle.
As Hitler wanted to reduce business taxes to promote private investment a
balanced budget should have meant reducing expenditures on social programs.
To avoid reducing
social programs, a large work program without deficit spending
had to be financed outside of the Reich budget. Hitler resorted to „pre-financing“
(Vorfinanzierung) by means of „work-creation bills“
(Arbeitsbeschaffungswechseln), a classic response of using monetary measures to
deal with a fiscal dilemma.
Under the scheme of „pre-financing“ with work-creation bills (WCBs),
the Reich Finance Ministry distributed WCBs (three months, renewable up to five
years) to participating credit institutions and public agencies. Contractors
and suppliers who needed cash to participate in work-creation projects drew
bills against the agency ordering the work or the appropriate credit
institutions. The credit institutions then accepted (ie assumed liability for
payment of) the bills. The bills were then treated as commercial paper, so they
could be rediscounted at the Reichsbank (central bank). The entire process of
drawing, accepting and discounting WCBs provided the cash necessary to pay
contractors and suppliers. The experience of successful rollover every three
months quickly established credit worthiness. The Reich Treasury undertook to redeem the
bills, one-fifth of the total every year, between 1934 and 1938, as the economy
and tax receipts recovered. As security for the bills, the Reich Treasury
deposited with the credit institutions a corresponding amount of tax vouchers
(Steuergutscheine) or other securities. As the Treasury redeemed WCBs, the tax
vouchers were to be returned to the Treasury. Hitler
thus increased the money supply in the German economy by creating
special money for employment.
Sovereign credit creation for purposes of job creation posed no
inflationary threat and was a far more responsible policy than the conservative
approach of tax increases and welfare cuts to balance government budgets. The idiotic
policy of monetary restraint and social-spending reduction to balance
government budgets in order to pay foreign debts is still accepted doctrine in
the US (where it is essentially used to depress social spending [including
welfare payments] and employment and to avoid increasing taxation of the
wealthy). It is also accepted policy in Australia, and almost
everywhere else in the because Central Bank controlled fractional reserve
banking is dominant in most nations today. Also it is still being advocated by the
International Monetary Fund (IMF) in debtor nations around the world - except
for the United States, the world's largest debtor nation, which uses petrodollar hegemony as an escape hatch or, more accurately, an
escape hedge. This is changing as the world is increasingly dumping the $US
and bartering for oil or buying it with euros or even roubles and yuan.
The stupidity of mortgaging national sovereignty and wellbeing to banksters
(including the IMF and other usurers) in pursuance of Washington Consensus
policies is obvious to any rational neutral observer. Governments that do it
are presumably under duress or on the take. During
an interview in 1921 Sir Denison Miller (the then Australian Commonwealth Bank
chief) was asked if he, through the Australian Commonwealth Bank (the Reserve
Bank of Australia [RBA]wasn't created and given central bank functions until
the 1950s), had financed Australia during the First World War for $700 million,
he replied: „Such was the case, and I could have financed the
country for a further like sum had the war continued.“ Asked if that amount was available for productive purposes `in this time of
peace', he answered „Yes“. Sovereign credit creation
was clearly an option in Australia in those days but not today because now the
RBA adheres to the requirements of moribund Washington Consensus economics and
bows to the dictates of the Bank of International Settlements and the US
Federal Reserve.
Redeeming WCBs did burden the 1934-39 Reich budgets, but the decline in
Reich expenditure for welfare support and other tax subsidies as a result of
full employment recovery more than offset the redemption payments. The surplus
was then used to reduce public debt and taxes further. And of course the nation
received the benefit of much greater production and productivity, and a decline
in the social costs of economic malaise.
Of course, the
Nazi sovereign credit creation policy double-crossed the AB's and placed the
Reich beyond the banksters' pale in that it effectively excluded
bankster domination and control of the German economy. The Illuminati banksters feared that the inoculation might spread. That meant that
the City of London and the Fed had to oppose Hitler and thus, in due course, so
did Churchill, the British Empire and the US. The rest
is (rather unpleasant) history.
No comments:
Post a Comment