Chapter 184: Hitler's New Deal V

Hitler's New Deal was indeed very fascist.

The first slash of the New Deal was aimed at the Jewish financial oligarchy, which began with the "spontaneous" efforts of Nazi party members before the Nazi Party came to power, smashed many Jewish shops and banks, and then introduced the "Restriction of Jews Act", which forced Jews to completely withdraw from the German financial industry (even honorary Aryans could not control banks or other financial institutions) and large corporations. Moreover, Hitler's "order" was not just a casual talk to scare people, the party members and SA of the Nazi Party went to the Jewish-controlled banks in various parts of Germany to smash the fields on the day of the passage of the "Restriction of Jews Act"!

This kind of executive ability is not matched by the Juncker-controlled Wehrmacht, let alone the Fatherland People's Party, which is so close to the Jewish consortium that Hersman has some Jewish businessmen around him.

For example, Gusinsky, now the managing director of the Heinsberg-Hersmann Company (the private company of the Hersmanns, which mainly exported Soviet gems and crafts), and Rathenau, the director of the German General Electric Company, are Jewish businessman friends of Hersmann.

Therefore, the matter of "anti-Semitism" can only be done by the Nazi Party, which represents the interests of middle- and lower-class Germans. At the same time, Junkers like Hersman came forward to be good people, to support Zionism, to protect Jewish scientists, and to issue honorary Aryan certificates to Jews who fought for Germany.

And the second knife of Hitler's New Deal was cut at the head of the Bolshevik Party! This time, Juncker and the Nazi Party were on the same page, so the sweep was even more swift.

The fire in the Capitol was lit on the night of April 25, 1931. In the early hours of the next morning, Hitler announced the banning of the German Bolshevik Party. The mass arrests began in Berlin and quickly swept across Germany. The SA, Wehrmacht, and Operation Stacy coordinated their sorties, and by noon on 26 April, they had captured all the Bolshevik Party headquarters in Germany. The "free trade unions" (i.e., non-Nazi trade unions) were then disbanded and the officially controlled German Labor Front was formed. The press of the German Bolshevik Party was banned from publication. Including the leader of the Bolshevik Party, Ernst. 18,000 German Bolsheviks, including ThΓ€lmann, were arrested and imprisoned.

Arguably. The power of the German Bolshevik Party collapsed and was uprooted in just two days!

Such a clean and clean handling of the question of the Bolshevik Party would not have been possible before the Nazi Party came to power.

This is because the Bolshevik Party is rooted in the German proletariat and is a broad-based proletarian party. And the Junkers had no power at the bottom until they collaborated with the Nazis. And the bottom of Germany, which has become unusually large due to the Great Inflation of the early 20s and the Great Depression of the late 20s, has become the majority of the population. Even if the Juncker clique could temporarily destroy the leadership of the German Bolshevik Party, as long as its roots were still there, and with the foreign aid of the Soviet Union, it would not be difficult to make a comeback.

The Nazi Party also represented the middle and lower classes, and although its line was different from that of the Bolshevik Party, the position of the German proletariat was not fixed, and it could be leaned to the left or to the right -- judging from the fighting spirit displayed by the soldiers of the Wehrmacht on the battlefield in history, the majority of the German people accepted the Nazi Party's line.

Therefore. After the Junkers and the Nazis joined forces to destroy the organs of the German Bolshevik Party, the Nazis were able to win over a part of the masses who supported the Bolshevik Party to their side.

Just three days after the Reichstag arson, Chancellor Hitler asked President Hindenburg to dissolve Parliament, and a week later a general election was held. In this election, the Nazi Party's political map expanded again, winning 44 percent of the seats, while the Nazi Party's ally, the People's Party of the Fatherland, won 18 percent. Combined, the two parties reached 62 percent. It is not far from a two-thirds majority that can amend the Constitution. Amending the Banking Act to bring the Imperial Bank under control will not be a problem.

……

β€œ62%! Mr. Prime Minister. Congratulations, 62% of the German people are already on our side! ”

In the office of the Chancellery on Wilhelm Street, Hersmann congratulated Hitler as soon as he saw him. The election showed not only the expectations of the German people for Hitler's New Deal, but also the support for the government and the Wehrmacht to clean up the November sinners...... This is also a serious warning to the Social Democrats, which still exist legally.

"That's right!" Hitler lowered his head, and his deep, sunken gray-blue eyes revealed unconcealed excitement. "With the support of 62% of the population, we can completely escape the fate of being controlled by the Jewish international financial oligarchy. It's time to reclaim your own currency! ”

Although Hitler did not go to university or study economics seriously, he had a thorough view of the current economic problems in Germany. At the heart of Germany's economic problems is the right to issue money – a view that Hersmann has always held.

But the recapture of the right to issue currency is not something that can be done only by a few resolutions of the German Reichstag.

Because the current German currency problem is complicated by Hersmann! The Keynes Plan did not fall into full swing. Not only was the indemnity system in kind partially enforced, but even the gold exchange system pegged to the mark and the pound sterling continued to be implemented - albeit in 1928 and 1929. A number of disputes arose between Germany and Britain and France, resulting in the forced transfer of a portion of Germany's foreign exchange reserves (pounds) deposited with the Bank of England to pay reparations.

But the British later discovered that the transfer of the pound to the accounts of France, Belgium and other countries is likely to speed up the flow of gold out of the UK. Therefore, after the MacDonald cabinet came to power, it immediately stopped this kind of behavior that harmed others and was not beneficial to himself.

So now the Reichsbank still has more than 1.55 billion pounds in the Bank of England. At the same time, the German government owes the UK Β£1.15 billion in loans, in addition to the reparations payable, and the total amount of foreign loans owed by German companies is more than Β£220 million.

"That is, we also have Β£180 million in net deposits with the British, which is our foreign exchange reserves!" After exchanging a few words with Hersmann, Hitler did not talk to him about military issues, but talked about the management of Germany's foreign exchange reserves.

"This is equivalent to more than 3.6 billion gold marks, which is a huge amount of money!" "But the British are likely to freeze this huge sum, at least not to send it back to Germany!" ”

3.6 billion pounds is equivalent to more than 800 million US dollars, and all the gold and foreign exchange in the Bank of England together are not 800 million US dollars.

"yes, so it's hard for us to get that money back." Hersman shrugged, "This shows that the gold standard is practically untenable, the equivalent of gold, and there are too many currencies, even in the days when money is extremely tight." ”

"So money should not be based on gold, but on production!"

Hitler's opinion was actually more plausible than the gold standard - the gold standard was actually a hoax, because there was no such gold to pay for paper money! Not to mention that Britain and Germany do not have it, and even the United States does not have so much gold.

So behind the gold standard, in fact, there is still an indiscriminate issuance of paper money. The gold exchange system advocated by Britain is even more absurd, which is to treat the pound sterling, which has not enough gold as a guarantee, as gold, to act as a guarantee for other countries' currencies.

"That's right, the only reasonable thing is to issue a transnational currency linked to production based on the production of each country." Hersman came up with his own vision.

Because later countries like to issue paper money indiscriminately when dealing with financial crises, and there is no supervision of currency issuance. So Hersman has always been inclined to issue a super-sovereign currency, preferably one that is pegged to something. Given that there was not enough gold and silver in the world to be the anchor of real money, Hersman thought that GDP, or gross national product, the issuance of money, should be capped at a certain percentage of GDP, say 80% or 90%.

Moreover, this GDP figure cannot be decided by the government itself, it needs to be counted by a super-sovereign agency, such as Eurostat or something. Of course, it is also a super-sovereign central bank such as the Bank of Europe that issues money.

"Well, the idea is good," Adolf said. Hitler pondered in silence, "It may be possible in the future." But at the moment, we do not have such power. Ludwig, you must have something else to do, right? ”

It seems that Hitler wanted the 180 million pounds back, and he was still very confident in Hersmann.

"Yes, I have a way." "This issue can be discussed at the Geneva Conference on Disarmament," Hersman said...... I would make a viable plan and use the money to initiate the creation of a special state-owned economic development bank that crosses sovereignty to fight the current Great Depression. ”

"It's barely enough to get the money back, but there's still a problem," Hitler looked at Hersmann with burning eyes, "Lieutenant General, if we can't really put that 180 million pounds into the vaults of the Reichsbank, then Germany will become a country with no gold reserves."

And I heard that the Industrial Promotion Council has a huge amount of gold in its hands...... You got it from Russia in 1917, didn't you? ”

"Yes, the Hohenzollern Fund, not in the hands of the Industrial Council. Rather, it was in the hands of His Majesty the Emperor himself and was the property of the imperial family. ”

"What started out with 2.4 billion gold marks has now become 15 gold marks - including gold lent to the Baltic Republic for Baltic Mark guarantees - and various investments, debt certificates and deposits worth 3.8 billion marks," Hersman said. (To be continued.) )