How Hitler Defied the Bankers

Rosemary W. Pennington – National Vanguard Aug 19, 2016

Daily Express: ‘Judea Declares War On Germany’. Click to enlarge

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.

WEIMAR BERLIN BROTHEL SCENE. Erich Schütz, Raiding the Nacktlokal, 1923. Prostitution had flourished in Germany in the aftermath of WWI, as women were forced to sell their bodies just to stay alive. Click to enlarge

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 (Jewish controlled) 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 (mainly Jewish) 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.

Nazi building programs, like the autobahn road network, helped transform Germany’s economy. Click to enlarge

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.)

WWI German amputee begging. Click to enlarge

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.)

Rakovsky said:

“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, since Jews own most publishing companies. 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, 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 Reichsbank, 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 Reichsbank 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 Reichsbank (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 Reichsbank 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 Reichsbank 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 Reichsbank 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 Jews, since their control of banking allows them to buy the media, the government, and everything else.

Therefore, to those who delight in saying “Jews financed Hitler,” I ask that they please look at all the facts.

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17 responses to “How Hitler Defied the Bankers”

  1. After W W 1 and the Treaty of Versailies wealthy jews bought anything at knock down prices, homes art work jewelry anything, the French press at the time said train load after trainload left Germany day after day, its true the Jews did rob Germany, untila certian Mr Hitler took it all back for the people, court cases are still going on with jews going to jewish lawyers in jewish courts to win back what they stole.
    In my own family, the jewish moneylenders would gain control of whole roads of houses
    from the German widows, my family borrowed interet free loans from the Synagogue
    and literally bought up whole streets, as all the jews did.
    Later my family and others would do the same in the UK after w w 2,
    Rothschild and Oppenheimer in particular gave huge loans to but up land
    as the Church of England collapsed Rothschild bought all the land they once held
    this can be rented out to the jewish supermarket cartels, this is why every English person owes the jewish banks almost £100,000 in the National Debt
    all we had to do was follow Hitler as Neville Chamberlian was inclined to do but no
    the jews installed that drunken pedo bastard Churchill

  2. I lived in Leyton east london in the after war years, in fact from 1945
    many British women were forced by the jewish moneylenders to go into prostitution
    street corners and shop doorways were full of these girls, any who refused to do it had their faces slashed, many young boys school age mostly were for sale to the homosexuals.
    They were my earliest memories

  3. Seems to be a very good article. One to be bookmarked. Two things though:

    1) The “Judea Declares War on Germany” in 1933 was two years before Germany was issuing debt free money in 1935. So it would certainly be convenient from the anti-globalist point of view to match the headline directly with this as the cause of the Zionists hatred. But perhaps Hitler was acting in reaction to the international bankers rather than than they changing their tune when he undertook monetary reform ? I’m not too clear on this and would certainly appreciate other points of view.

    2)The hyperinflation of the Weimar Republic seems to be well explained by the Treaty of Versailles restrictions on German production eg French occupation of the Ruhr and confiscation of Silesia. So not enough goods at least generating the initial inflation. Is this explanation invalidated by the currency speculation idea in the article or did the currency speculators see in which direction the mark was going and profit by exacerbating it ?

  4. It wasn’t Hitler’s idea.
    The Fuhrer generally gets credit for the country’s first limited-access highways — built as a way to quickly move military units across the country.

    The network was indeed constructed during the Third Reich, but the concept was established earlier.
    The Avus experimental highway in Berlin was built between 1913 and 1921, when Hitler was still dabbling as an unsuccessful still life painter.

  5. How obvious is it that modern day Amerika is the new Wiemar Republic just before the collapse and the rise of Hitler. Amerika is one giant brothel full of whores for Israel, especially in our elected houses in the District of Criminals.

    The WEIMAR BERLIN BROTHEL SCENE graphic is just like the situation with young women from the midwest/Ukraine going to Hollywood/Tel Aviv and ending up in prostitution just to stay alive.

    When your women are being sold into sex slavery because of the impoverishment of central banking you can know the new Hitler draws near.

  6. Hitler was a very successful painter only his views on the jews kept him out of art school
    same as in the UK lord Rothschild was behind the introduction of communist lecturers at cambridge, who corrupted those like the apostles
    Cambridge were complete fools and have never apologised for employing commie lecturers or the damage they did

  7. This „Hitler the Christ” narrative is very naive.
    Yes – 3Reich created domestic money supply independent from ther banking cartel (eg. MeFo Wechseln), but this money was no usury-free. Bills of echange were purchased by banks at discout (usury) – like in London.
    Independent money creation resulted in the full employment. But the country was still dependent on foreign cooperation. The largest industrial conglomerate – IG Farben was controlled by Rockefellers since the Great Depresssion.
    Auschwitz was a private-public partnership. The Reich was delivering slave manpower and IG Farben was delivering industrial production. Every prisoner had a tattoo with unique number. This technology (punchcards+tattoos) was delivered by IBM. IBM subsidiary had an office in Auschwitz until 1944.
    During the war 3Reich suffered from fuel deficit. All civilian cars and trucks used wood as a fuel instead of pertol (wood gas, Holzgas).
    They produced petrol from coal – this technology was delivered by Standard Oil. To this day this technology is controlled by Rockefellers.
    There was Judeoanglosaxon industrial and financial cooperation with 3Reich until 1944. Bank for International Settlements in Basel was designed for this purpose.
    Domestic debt-free money was used by 3Reich to mobilize domestic assets. This money was worthless abroad and they needed gold and dollars for international cooperation. And this cooperation was functioning until 1944.

  8. @ ivor biggun

    @ Simon Smith
    ///2)The hyperinflation of the Weimar Republic seems to be well explained by the Treaty of Versailles restrictions on German production eg French occupation of the Ruhr and confiscation of Silesia. So not enough goods at least generating the initial inflation. Is this explanation invalidated by the currency speculation idea in the article or did the currency speculators see in which direction the mark was going and profit by exacerbating it ?///

    After WW1 Germany became Judeoanglosaxon protectorate. Monetary system, including Reichsbank, was ruled by JP Morgan advisors.

    Loss of Silesia does not explain hyperinflation. Hyperinflation was designed by „Atlantist” Jews. They used concept of short sale of Marks, which were artidicially created by the cabal. Reichsbank and the banking system waas purchasing these marks and the madness began. This is a grey area for sure but hyperinflation had no grasroots causes. Pure conspiracy.

  9. @Patrick. Enjoyed your posts. Thanks. On this subject:
    “Bank for International Settlements in Basel was designed for this purpose.
    Domestic debt-free money was used by 3Reich to mobilize domestic assets. This money was worthless abroad and they needed gold and dollars for international cooperation. And this cooperation was functioning until 1944.”

    As a matter of interest what would you answer be to international trade that wasn’t dependent on the gold standard ?

  10. The Council of Judea declaration of war on Israel , this fact should be considered the beginning of WW2 . So , after nearly a century , it is clear that the Jews from London organized WW1 and WW2 . Today in Europe, we have many countries controlled by the tribe , Great Britain (Boris ) , France (Macron ), Germany (Merkel ) , Italy and many others .The apartheid state of Israel is desperate to start another war in the middle east as if the war in Syria is not enough .
    There should be more public discussion on the role of the tribe from hell in all the wars
    and the exaggerated power it exert . There are also Zionist attempts to destroy white nation . What to do with the Jewish criminality ? The Jewish question soon or later should be resolved . The world cannot continue on this track with periodic wars and looting of nations Germany in the 1930 the USA today . Who will be next ?
    How about populating the Zionist territory in Siberia with zionists ?

  11. @Simon Smith

    //As a matter of interest what would you answer be to international trade that wasn’t dependent on the gold standard?//

    This is very complex topic.

    1. There is nothing magical in gold. This is just obsession. Aztecs or Incas used gold only for entertainment of ruling classes. Gold is an obsession of certain tribe for millenia (Exodus 12):

    35 And the children of Israel did according to the word of Moses; and they borrowed of the Egyptians jewels of silver, and jewels of gold, and raiment:
    36 And the LORD gave the people favour in the sight of the Egyptians, so that they lent unto them such things as they required. And they spoiled the Egyptians.

    Gold is an obsession of GLOBAL Deep State. For this reason gold is (was) international money. Now USD is international money for this very reason. Saddam Hussein was trying to sell oil for Euro, Libya was planning to sell oil for Golden Dinars, Russia is selling goil for Roubles(?) in Petersburg, Iran is selling oil for Renminbi, Venezuela was trying to sell oil for a new cryptocurrency Petro – what happens to such states? They are messsing with the policy of Global Deep State. Deep State wants oil to be marketed only in USD.

    2. International trade without gold (or USD as modern international currency) is possible, was practiced by 3Reich and later by the Soviet Block.

    Global Deep State did not accept 3Reich or Soviet Block money for basic reason. These countries had DEBT FREE MONEY.(debt-free money is a heresy in Judaism – Deuteronomy 15).

    6 For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee.

    International trade practiced by 3Reich or Soviet Block was less developed exchange than the regular network of exchanges, banks, all this internatioal infrastructure provided by the Global Deep State. This is barter versus exchange with money. 3Reich and Soviet Block had different economic model – independent state economies versus globalism and international barter was functioning properly. But after 1948 lemons were available only in the West Berlin, not in DDR (not always).

    Money is a great (diabolic?) invention. 3Reich had no choice and had to rely on barter and it worked in the short term. Joseph Stalin was planning to implement an international gold backed currency, Golden Rouble (just for international trade) but was assasinated by Kremlin Jews in March 1953. Soviet Union with Golden Rouble would be far more attractive for Third World countries, Africa, Asia, South America.

    As a short term solution – barter works. In the long term it has limitations. This is probably a reason China is not interested in the collapse of USD as a global currency. Collapse of global currency would be detrimental for Chinese economy. China wants to replace USD as a global currency with a new one, Renminbi? Big difference. Globalism needs global currency.

    Barter or gold in international trade? Much depends on international economic model.

  12. I’ve studied Schacht and have come to believe he was not an “agent” for the international. Otherwise this article is a good one that should be bookmarked.

    “Private currency speculators caused the German mark to plummet, precipitating one of the worst runaway inflations in modern times. “

    Yes, the mark was shorted because it was under pressure to pay Versaille debts. Foreign predators shorted the mark using dollars, pounds and gold as collateral to back up their shorts. This is called a bear raid, and the action of raiding accelerates the short in an unwanted positive feedback mechanism. It is part of Jewish money magick, where the idea is to take from the “other” with usury. All hyperinflations in modern history are done through the exchange mechanism. During the hyperinflation, the Reichsbank was under private control, through the Dawe’s plan (May 26, 1922)

    Schacht stopped the hyperinflation before 1933. Schacht had unofficially taken over the Reichsbank during the hyperinflation and then issued Rentenmarks in three days starting from November 15, 1923. He also developed currency controls and bilateral trade methods for Germany to continue trading. Schacht stopped all other money issuers, meaning the private banks with Germany. Schacht sent all Reichsbank holdings of private money claims back to their source for immediate payment. This caused a great commotion of pain from private money lenders around the world, even those who were holding shorts.

    Renetenmarks were expressly forbidden to be transferred to foreigners, and hence were isolated from the shorting mechanism. Speculators could not support their speculative position when exchange rate prices went against them.

    Schacht crushed the speculators. This is NOT the action of a Jewish agent.

    Schacht’s actions in 1924 were a long way from 1933. Schacht was appointed president of Reichsbank in 1923.

    Speculators took another run at Germany in March of 1924 despite Schacht’s instructions to the banks to prevent foreign exchange purchases. Schacht smashed the heads of these private bankers by denying rediscounting of bills (not exchanging them for marks). From April 7, 1924 Reichsbank refused to issue new credit for two months. Speculators then had to turn over their personal holdings to pay their debts as their short positions lost money. Schacht had stabilized the mark against the actions of the shorting bear raiding crowd.

    Schacht writes this: “And the country was still filled with numbers of such speculators, who were not in the least concerned as to whether their good name and reputation suffered so long as they could pocket the profit.”

    From 1924 to 1929 the Reichsbank was restructured, and Schacht convinced the Dawes committee of some Government oversight. The bank became 40% profits to private shareholders and 55% to government. Later, it was agreed that private shareholders get less and less profits after a certain amount.

    Does Schacht still sound like a Rothschild agent?

    Later after 1933 when National Socialists took over, Schacht was responsible for issuing Mefobills. Oeffabills were another form of purchasing power to refit industry with new equipment. This was NOT foreign purchasing power, but instead was Germany’s own internal credit. By the end of 1936 there was about 5 billion in new Marks of purchasing power as a result of these bills.

    Scacht was a genius who learned how money worked by the seat of his pants. He figured things out as he went along working in the banking system. Ultimately, he was loyal to his countrymen, and not the international Jew.

    Germany came under attack as soon as it came into being. Germany under the Kaiser operated with Frederick Lists industrial economy. List’s methods were identical to what Schact put into place after 1933.

    WW1 and WW2 was mostly about the money: Private finance capitalism -vs- Industrial capitalism. The Jew is a usurer and flag carrier for finance capitalism…. “the international.”

    Germany, because they exited the “international system” came under attack.


    I did not study 3Reich case in such detail but for me opnion that Schacht was Rothschild agenst sounds reasonable.

    Do you know Zeitgeist of 1930s? Great Depression was a total compromitation for Judeoanglosaxon capitalism and many countries wanted to bypass Jewish money creation (very deflationary at that time).


    I believe that Schacht was a Jewish agent. Gottfried Feder proposed real alternative for the Jewish monetary system:

  14. This is a very interesting discussion. Thanks folks and Patrick for his long reply to myself.

    A key fact seems to be the Reichsbank readiness to lend the speculating money. Interestingly I’ve just been trying to get my head around the Soros shorting of the pound in 1992.

    Some believe his credit line was made available by the Rothschild at the highest level, and perhaps this indicates something a “tag team” operation ?

  15. //A key fact seems to be the Reichsbank readiness to lend the speculating money. Interestingly I’ve just been trying to get my head around the Soros shorting of the pound in 1992.//

    MEFOBILLS knows more details for sure. Germany lost the war, experienced revolutions, was on her knees. Weimar Republic was a disaster from the very beginning. Reichsbank was administered by Atlantist Jews from London and NY. Hyperinflation was purely intentional.

    Soros – there is a Polish word “szmalcownik” ( Soros as 13 yo boy was a szmalcownik in Hungary, he was blackmailing Jews facing deportation, cooperating with Gestapo and buying Jewish property with huge discount. 13-14 yo boy!

    His carrer, LSE for example, suggests links to all-seeing-eye. Now he is busy in תיקון עולם (tikkun olam). His carrer is a perfect expression of Jewish Revolutionary Spirit.

    Soros is a a new incarnation of Jacob Schiff (, NY bankster supporting Bolsheviks and similar revolutionaries worldwide a century ago.

  16. Hello Patrick and thanks for the reply:

    With regards to the 1930’s, the depression was end result of a credit bubble from the 20’s. From August 1929 to March 1933 the U.S money stock fell by one third.
    At the same time the number of commercial banks fell by about 1/3.

    Currency was being drawn from banks, and this causes a lever effect on fractional reserve banking. In 1929 and 1930 Gold was being withdrawn from the U.S. by foreigners. The FED had conspired with central bankers in Europe, especially England and France to keep interest rates low, so the Europeans could buy back their gold lost in WW1.

    Private commercial bankers were not trying to make new loans, and were also calling in loans at the same time. This caused the money supply to accelerate into depression.

    Going back to the 20’s, a credit bubble had been created by making new bank loans against stocks. This then pushed stock prices, and eventually bubble collapses, leaving a hang over of debt that demands payment. When debts are paid, the credit money supply vanishes. The Great Depression lessons were not learned, as Japan in the 80’s and America in the 90’s used bubble mechanics to push land prices.

    With regards to Gottfried Federer, he got his chance to have a plan, and he never came up with one. This is why Schacht got the nod from Hitler instead. It took Schacht about two years to come up with MEFOBILL method. Schacht basically was using Federer debt free money.

    Mefobills are a three part agreement, like a check. Industry gets this check and it is purchasing power. The industry AFTER IT CREATES THE GOODS, takes their bill to a bank for discount. The bank then gives Reichsmarks to bill holder (industry.) The Bill even fluxed interest outward from Reichsbank toward Bill holder.

    Again, this is OPPOSITE OF JEWISH USURY METHOD.. The Reichsbank under Shacht was introducing new purchasing power into the economy, and even more so, paying Bill holders interest.

    After discount (redeem with Reichsmarks), the bank is now holding the bill. Bank may hold on to said bill, and also be paid interest. Eventually Reichsbank receives the former bill, and then rips it up.

    The only way to suck this form of new debt free money out of money supply is to tax it. From 1933 to 1938 tax roles almost tripled. This tripling was for sure NOT ROTHSCHILD MONEY.

    A dummy corporation was formed to emit the MEFOBILLS, and the name itself is a riff on gold and the Jewish gold bankers of that era. Again, the bills were discounted (redeemed) ultimately by the Reichsbank, and this put purchasing power into the economy.

    Metallurgische Forschungsgesellschaft (Metallurgical Research Corporation)

    LoL. Schacht WAS formerly a gold man, and over time figured things out… especially finally understanding that money was law.

    Schacht = NOT A Rothschild AGENT.

    The history of Schacht and NSDAP Germany is a lot more complicated than first meets the eye. But, there is no doubt Schacht was doing things that totally pissed off the “international bankers” of that era.

    With regards to the Jews at Nuremberg trials not hanging Schacht? Under what pretense?

    Schact was fired by Hitler in 1939. Why? Schacht was worried about another “inflation.” He had been stimulating the German economy and was concerned about it over-heating. HItler in turn was worried about the coming war and knew things Schacht probably didn’t.

  17. Your attitude is very technocratic. Too technocratic for me.

    For me it is obvious that Schacht was a member of Usury International. He worked for 3Reich but used existing concepts from usurious financial system. Hitler’s (Schacht’s) reforms were not substatnial. They did not liquidate “time value of money”, they just abandoned “gold fetishism”. This is a small change but not a substantial reform, the same was done in the Soviet Union or Japan at that era. In fact Japan at this time was far more advanced in monetary reform than Germany. Soviet Union had liquidated private banking at all. Credit/money creations was a state prerogative there.

    In 1930s debt-free government money was created in Canada, NZ, Australia, many countries. The concept of “bills of exchange” was considered (or implemented – don’t remember) by a previous German government in 1932.

    Usurious financial system worked for millenia/centuries. An alternative is just a vague idea, much time and effort must be sacrificied to develop such alternative. Germany in the 1930 was a good place for such experiments. They did NOT do it.

    NSDAP marginalized Fieder probably because he had no support from the industry. Schacht was a member of Usury International and had contacts in big business necessary to implement these “bills of exchange” as debt-free money.
    What happened at Nurenberg confirms my thesis. Nurenberg was simply a kangaroo trail but this is a separate story. Jews did not hurt Schacht – Usury International member.