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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."
Schact 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,
Schact 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.