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Originally posted by X9ballX
reply to post by JohnPhoenix
And that is why it is more an insult for the guy who made the vid to compare mittens and obama to hitler.
unlike hitler neither of them would bring the us back at all
In January 1939 matters came to a head when Schacht refused extension of RM3 billion worth of Offa and Mefo bills, because of fears of “inflation”. On January 7, 1939, he sent Hitler the following memorandum:
“1) The Reich must spend only that amount covered by
2) Full financial control must be returned to the Ministry of Finance. (Then forced to pay for anything the army desired.)
3) Price and wage control must be rendered effective. The existing mismanagement must be eliminated.
4) The use of money and investment markets must be at the sole discretion of the Reichsbank. (This meant a practical elimination of Goering’s Four Year Plan)”(14)
By these means Schacht intended to collapse the German economy, which during the period 1933-39 had increased its gross national product by 100 percent. From being a ruined and bankrupt nation in January 1933 with over six million unemployed persons, Hitler had transformed Germany into a socialist paradise and the most powerful and prosperous state in the history of Europe. He angrily rejected the recommendations of the Reichsbank, describing them as “mutiny”.(15)