Commentary from WhatReallyHappened.com:
This is an aspect of WW2 history we have touched on many times here at WRH. Adolf Hitler, regardless of his later failings, pulled off a major economic miracle for the German people when he kicked out the reserve-style system of banking imposed on Germany after WWI and reverted to a value-based currency issued by the government for the use of the people free of interest charges. This was the exact same system implemented by America’s Founding Fathers, restored by Andrew Jackson, then later restarted by Abraham Lincoln. In the 1960s, John F. Kennedy would attempt to follow suit.
The response of the bankers against Germany (and also in America) was a concerted effort to destroy the new German economy before the people of the world realized the advantages of a society without a private central bank enslaving the general populace.
It was this boycott against Germany, creating starvation and hardship (much as present-day Israel imposes on Gaza) that created the anger and resentment Hitler would later use to mount WWII. In hindsight, had the bankers not tried to force their way into control of Germany’s economy, WWII might well have been avoided. But no sacrifice, certainly nothing so trivial as the violent deaths of 50 million people, is too great a price to pay if it plunges the world back into the servitude of the bankers!
As for America, we have had three Presidents who, like Hitler, tried to free the nation from the clutches of the private bankers, who print up money out of thin air, then loan it to the people at interest.
The first was Andrew Jackson.
“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out.” — Andrew Jackson
Following Jackson’s annulment of the private bank charter, there was an attempted assassination which failed when both pistols failed to fire.
Abraham Lincoln was not so lucky. Lincoln funded the civil war with Greenbacks issued by Lincoln with the explanation that he did not intend to free the black people by enslaving the white people to the bankers. The Greenback was so successful that Lincoln announced his intention to keep it after the war. Then Lincoln was assassinated, and Congress withdrew the greenbacks, delivering the nation and its people back into the clutches of the private central bank.
John F. Kennedy signed Executive Order 11110, issuing a new silver-backed public currency called the U.S. Note. Five months later Kennedy was shot in Dallas, and in a very telling move, John J. McCloy, President of Chase Manhattan Bank and President of the World Bank, was made a member of the Warren Commission.
All this suffering, all these wars, all this misery arises from a small group of individuals who have arrogated to themselves the power to print money out of thin air, then loan it to the world at full face value plus interest, drowning the planet in debt; perpetual bondage to the reality that the money owed to the bankers simply never existed in the first place.
And rather than loose their grip on the people, rather than to stop sucking on the necks of their victims, the bankers will start a new World War, not even caring which side wins or loses, because wars create more debt, and imposed debt is the means of enslaving the entire planet.
It is always difficult to have a discussion on the topic of WW II Germany, and Hitler, without having emotions run high. And understandably so. We do not believe that there is a world plot in place by those of the Jewish faith to dominate the world. We do however suspect that there is a plot in place by the major financiers and financial institutions, to control. We don’t necessarily agree with all the points made in the article you are about to read, but it certainly does raise some interesting points. We offer this article to our readers as an alternative viewpoint, intended to stimulate discussion. PTE
An article excerpted from:
Article Author Unknown
History is written by the victors” – W. Churchill
An interesting perspective on World War II, and the players involved.
Many people take joy in saying Wall Street and Jewish bankers “financed Hitler.” There is plenty of documented evidence that Wall Street and Jewish bankers did indeed help finance Hitler at first, partly because it allowed the bankers to get rich (as I will describe below) and partly in order to control Stalin. However, when Germany broke free from the bankers, the bankers declared a world war against Germany.
When we look at all the facts, the charge that “Jews financed Hitler” becomes irrelevant. Los Angeles Attorney Ellen Brown discusses this topic in her book Web of Debt…
When Hitler came to power, Germany was hopelessly broke. The Treaty of Versailles had imposed crushing reparations on the German people, demanding that Germans repay every nation’s costs of the war. These costs totaled three times the value of all the property in Germany. Private currency speculators caused the German mark to plummet, precipitating one of the worst runaway inflations in modern times. A wheelbarrow full of 100 billion-mark banknotes could not buy a loaf of bread. The national treasury was empty. Countless homes and farms were lost to speculators and to private banks. Germans lived in hovels. They were starving.
Nothing like this had ever happened before – the total destruction of the national currency, plus the wiping out of people’s savings and businesses. On top of this came a global depression. Germany had no choice but to succumb to debt slavery under international bankers until 1933, when the National Socialists came to power.
At that point the German government thwarted the international banking cartels by issuing its own money. World Jewry responded by declaring a global boycott against Germany. Hitler began a national credit program by devising a plan of public works that included flood control, repair of public buildings and private residences, and construction of new roads, bridges, canals, and port facilities. All these were paid for with money that no longer came from the private international bankers.
The projected cost of these various programs was fixed at one billion units of the national currency. To pay for this, the German government (not the international bankers) issued bills of exchange, called Labor Treasury Certificates. In this way the National Socialists put millions of people to work, and paid them with Treasury Certificates. Under the National Socialists, Germany’s money wasn’t backed by gold (which was owned by the international bankers). It was essentially a receipt for labor and materials delivered to the government. Hitler said, “For every mark issued, we required the equivalent of a mark’s worth of work done, or goods produced.” The government paid workers in Certificates. Workers spent those Certificates on other goods and services, thus creating more jobs for more people. In this way the German people climbed out of the crushing debt imposed on them by the international bankers.
Within two years, the unemployment problem had been solved, and Germany was back on its feet. It had a solid, stable currency, with no debt, and no inflation, at a time when millions of people in the United States and other Western countries (controlled by international bankers) were still out of work. Within five years, Germany went from the poorest nation in Europe to the richest. Germany even managed to restore foreign trade, despite the international bankers’ denial of foreign credit to Germany, and despite the global boycott by Jewish-owned industries. Germany succeeded in this by exchanging equipment and commodities directly with other countries, using a barter system that cut the bankers out of the picture. Germany flourished, since barter eliminates national debt and trade deficits. (Venezuela does the same thing today when it trades oil for commodities, plus medical help, and so on. Hence the bankers are trying to squeeze Venezuela.)
Germany’s economic freedom was short-lived; but it left several monuments, including the famous Autobahn, the world’s first extensive superhighway. Hjalmar Schacht, a Rothschild agent who was temporarily head of the German central bank, summed it up thus… An American banker had commented, “Dr. Schacht, you should come to America. We’ve lots of money and that’s real banking.” Schacht replied, “You should come to Berlin. We don’t have money. That’s real banking.” (Schacht, the Rothschild agent, actually supported the private international bankers against Germany, and was rewarded by having all charges against him dropped at the Nuremberg trials.)
This economic freedom made Hitler extremely popular with the German people. Germany was rescued from English economic theory, which says that all currency must be borrowed against the gold owned by a private and secretive banking cartel — such as the Federal Reserve, or the Central Bank of Europe — rather than issued by the government for the benefit of the people. Canadian researcher Dr. Henry Makow (who is Jewish himself) says the main reason why the bankers arranged for a world war against Germany was that Hitler sidestepped the bankers by creating his own money, thereby freeing the German people. Worse, this freedom and prosperity threatened to spread to other nations. Hitler had to be stopped!
Makow quotes from the 1938 interrogation of C. G. Rakovsky, one of the founders of Soviet Bolshevism and a Trotsky intimate. Rakovsky was tried in show trials in the USSR under Stalin. According to Rakovsky, Hitler was at first funded by the international bankers, through the bankers’ agent Hjalmar Schacht. The bankers financed Hitler in order to control Stalin, who had usurped power from their agent Trotsky. Then Hitler became an even bigger threat than Stalin when Hitler started printing his own money. (Stalin came to power in 1922, which was eleven years before Hitler came to power.)
“Hitler took over the privilege of manufacturing money, and not only physical moneys, but also financial ones. He took over the machinery of falsification and put it to work for the benefit of the people. Can you possibly imagine what would have come if this had infected a number of other states?” (Henry Makow, “Hitler Did Not Want War,” March 21, 2004).
Economist Henry C K Liu writes of Germany’s remarkable transformation:
“The Nazis came to power in 1933 when the German economy was in total collapse, with ruinous war-reparation obligations and zero prospects for foreign investment or credit. Through an independent monetary policy of sovereign credit and a full-employment public-works program, the Third Reich was able to turn a bankrupt Germany, stripped of overseas colonies, into the strongest economy in Europe within four years, even before armament spending began.” (Henry C. K. Liu, “Nazism and the German Economic Miracle,” Asia Times (May 24, 2005).
In Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented:
“Germany issued debt-free and interest-free money from 1935 on, which accounts for Germany’s startling rise from the depression to a world power in five years. The German government financed its entire operations from 1935 to 1945 without gold, and without debt. It took the entire Capitalist and Communist world to destroy the German revolution, and bring Europe back under the heel of the Bankers.”
These facts do not appear in any textbooks today. What does appear is the disastrous runaway inflation suffered in 1923 by the Weimar Republic, which governed Germany from 1919 to 1933. Today’s textbooks use this inflation to twist truth into its opposite. They cite the radical devaluation of the German mark as an example of what goes wrong when governments print their own money, rather than borrow it from private cartels.
In reality, the Weimar financial crisis began with the impossible reparations payments imposed at the Treaty of Versailles. Hjalmar Schacht [who was never a Nazi Party member either and now it appears clear why that was the case] – the Rothschild agent who was currency commissioner for the Republic — opposed letting the German government print its own money…
“The Treaty of Versailles is a model of ingenious measures for the economic destruction of Germany. Germany could not find any way of holding its head above the water, other than by the inflationary expedient of printing bank notes.”
Schacht echoes the textbook lie that Weimar inflation was caused when the German government printed its own money. However, in his 1967 book The Magic of Money, Schacht let the cat out of the bag by revealing that it was the PRIVATELY-OWNED Reich bank, not the German government, that was pumping new currency into the economy. Thus, the PRIVATE BANK caused the Weimar hyper-inflation.
Like the U.S. Federal Reserve, the Reich bank was overseen by appointed government officials, but was operated for private gain. What drove the wartime inflation into hyperinflation was speculation by foreign investors, who sold the mark short, betting on its decreasing value. In the manipulative device known as the short sale, speculators borrow something they don’t own, sell it, and then “cover” by buying it back at the lower price.
Speculation in the German mark was made possible because the PRIVATELY OWNED Reich bank (not yet under Nazi control) made massive amounts of currency available for borrowing. This currency, like U.S. currency today, was created with accounting entries on the bank’s books. Then the funny-money was lent at compound interest. When the Reich bank could not keep up with the voracious demand for marks, other private banks were allowed to create marks out of nothing, and to lend them at interest. The result was runaway debt and inflation.
Thus, according to Schacht himself, the German government did not cause the Weimar hyperinflation. On the contrary, the government (under the National Socialists) got hyperinflation under control. The National Socialists put the Reich bank under strict government regulation, and took prompt corrective measures to eliminate foreign speculation. One of those measures was to eliminate easy access to funny-money loans from private banks. Then Hitler got Germany back on its feet by having the public government issue Treasury Certificates.
Schacht , the Rothschild agent, disapproved of this government fiat money, and wound up getting fired as head of the Reich bank when he refused to issue it. Nonetheless, he acknowledged in his later memoirs that allowing the government to issue the money it needed did not produce the price inflation predicted by classical economic theory, which says that currency must be borrowed from private cartels.
What causes hyper-inflation is uncontrolled speculation. When speculation is coupled with debt (owed to private banking cartels) the result is disaster. On the other hand, when a government issues currency in carefully measured ways, it causes supply and demand to increase together, leaving prices unaffected. Hence there is no inflation, no debt, no unemployment, and no need for income taxes.
Naturally this terrifies the bankers, since it eliminates their powers. It also terrifies the internationalists, since their control of banking allows them to buy the media, the government, and everything else.