Chapter 155 Hitler's New Deal 5

Hitler's new policy was indeed very fascist.

The first blow of the new policy was aimed at the Jewish financial oligarchs. Anti-Semitism began "spontaneously" by the Nazis before the Nazi Party came to power. Many Jewish shops and banks were smashed, and then the "Restriction of Jews Act" was introduced, ordering Jews to withdraw from the German financial industry (even honorary Aryans could not control banks or other financial institutions) and large companies. Moreover, Hitler's "order" was not just a casual scare. On the day the "Restriction of Jews Act" was passed, the Nazis and the stormtroopers went to banks controlled by Jews all over Germany to smash the scene!

Such execution ability is not comparable to the Wehrmacht controlled by the Junker Group, let alone the Fatherland People's Party - after all, the relationship between the Junker Group and the Jewish consortium is too close, and even Hersman has some Jewish businessmen around him.

For example, Gusinsky, the general manager of Heinsberg-Hersmann (a private company of the Hersmanns, mainly engaged in the export of Soviet gems and handicrafts), and Rathenau, a director of the German General Electric Company, are Hersman's Jewish business friends.

Therefore, the "anti-Semitism" issue could only be handled by the Nazi Party, which represented the interests of the middle and lower class Germans. At the same time, Junker military leaders like Hersmann came forward to be good people, to support Zionism, protect Jewish scientists, and issue honorary Aryan certificates to Jews who had fought for Germany.

The second blow of Hitler's New Deal was to cut the head of the Bolshevik Party! This time the Junkers and the Nazi Party were in agreement, so the sweep was more efficient.

The fire in the Reichstag was lit on the night of April 25, 1931 in this time and space. In the early morning of the next day, Hitler announced the abolition of the German Bolshevik Party. The mass arrests began in Berlin and quickly swept across Germany. The stormtroopers, the Wehrmacht and the Stasi action team cooperated in the attack, and by noon on April 26, they had occupied all the Bolshevik Party headquarters in Germany. Subsequently, the "Free Trade Union" (that is, the non-Nazi Party trade union) was disbanded, and the officially controlled German Labor Front was established. The German Bolshevik Party's newspapers were banned from publication. 18,000 German Bolsheviks, including the leader of the Bolshevik Party, Ernst Thälmann, were arrested and imprisoned.

It can be said that the power of the German Bolshevik Party collapsed and was uprooted in just two days!

It was impossible to deal with the Bolshevik Party issue so cleanly before the Nazi Party came to power.

Because the Bolshevik Party is rooted in the German proletariat and is a broad-based proletarian party. Before the Junker Group cooperated with the Nazis, it had no power at the bottom, and the bottom of Germany had become extremely large due to the hyperinflation in the early 1920s and the Great Depression in the late 1920s, and it had accounted for the majority of the population. Even if the Junker Group could temporarily destroy the leadership of the German Bolshevik Party, as long as its foundation was still there and it had the Soviet Union as foreign aid, it would not be difficult to rise again.

The Nazi Party also represented the middle and lower classes. Although the route was different from that of the Bolshevik Party, the position of the German proletariat was not fixed. It could lean to the left or to the right. Judging from the fighting spirit shown by the German Wehrmacht soldiers on the battlefield in history, most of the German people accepted the Nazi Party's route.

Therefore, after the Junker Group and the Nazis jointly destroyed the organs of the German Bolshevik Party, the Nazi Party was able to win over some of the masses who supported the Bolshevik Party to its side.

On the third day after the Reichstag fire, Chancellor Hitler asked President Hindenburg to dissolve the parliament, and a general election was held a week later. In this election, the political territory of the Nazi Party expanded again, winning 44% of the seats, while the Nazi Party's ally, the Fatherland People's Party, won 18% of the seats. The two parties added up to 62%, which was not far from the two-thirds majority that could amend the constitution. It would not be a problem to amend the Banking Law and control the Reichsbank.

…

"62%! Mr. Prime Minister, congratulations, 62% of the German people are on our side!"

In the office of the Chancellery on Wilhelm Street, Hersmann immediately congratulated Hitler as soon as he saw him. This election not only shows the German people's expectations for Hitler's new policy, but also shows that the people support the government and the Wehrmacht in cleaning up the November criminals... This is also a serious warning to the Social Democratic Party, which still exists legally.

"That's right!" Hitler nodded heavily, and his deep gray-blue eyes also revealed his unconcealed excitement. "With 62% of the people's support, we can completely get rid of the fate of being controlled by the Jewish international financial oligarchs and regain our right to issue currency!"

Although Hitler has never been to college or studied economics seriously, he has a thorough understanding of the current economic problems in Germany. The core of Germany's economic problems is the right to issue currency - this is also the view that Hirschmann has always held.

However, the recapture of the right to issue currency is not just something that the German Congress can do by passing a few resolutions.

Because the current German currency problem has been complicated by Hersman! The Keynes Plan has not completely failed. Not only is the indemnity system still partially implemented, but the gold exchange system of the mark linked to the pound is also continuing to be implemented - although in 1928 and 1929, Germany and Britain and France had some disputes, resulting in a part of Germany's foreign exchange reserves (pounds) deposited in the Bank of England being forcibly transferred to pay the reparations.

But the British later discovered that after those pounds were transferred to the accounts of France, Belgium and other countries, it was very likely to speed up the outflow of gold from the UK. So after the MacDonald cabinet came to power, it immediately stopped this behavior that harmed others and benefited itself.

So now the German Imperial Bank still has more than 1.55 billion pounds in deposits in the Bank of England. At the same time, in addition to paying reparations, the German government also owed Britain a loan of 1.15 billion pounds. In addition, the total amount of foreign loans owed by German companies also exceeded 220 million pounds.

"That is to say, we still have a net deposit of 180 million pounds with the British, which is our foreign exchange reserves!" After exchanging a few pleasantries 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, a huge sum of money!" Hitler said, "But the British are likely to freeze this huge sum of money, at least they will not obediently send the money 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 combined are less than 800 million US dollars.

"Yes, so it is difficult for us to get this money back." Hersmann shrugged, "This shows that the gold standard system is actually unsustainable. The amount of money is equivalent to gold, which is too much, even in today's extremely tight monetary situation, it is too much."

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

Hitler's opinion is actually more reasonable than the gold standard-the gold standard is actually a scam, because there is no such gold to redeem paper money! Not to mention that Britain and Germany don't have it, even the United States doesn't have that much gold.

So behind the gold standard, there is actually excessive issuance of paper money. The gold exchange system advocated by the UK is even more absurd, as it regards the pound, which does not have enough gold as a guarantee, as gold to serve as a guarantee for other countries' currencies.

"Yes, the only reasonable thing is to issue a transnational currency linked to production based on the production of each country." Hirschman put forward his own idea.

Because later countries like to issue paper money excessively when dealing with financial crises, and there is no supervision on currency issuance. Therefore, Hirschman has always been inclined to issue a super-sovereign currency, preferably a currency linked to something. In view of the insufficient amount of gold and silver in the world, it is difficult to become a real currency anchor. Hirschman thought of GDP, that is, gross national product - the issuance of currency should be capped at a certain proportion of GDP, such as 80% or 90%.

Moreover, this GDP data cannot be determined by a government itself, but needs to be counted by a super-sovereign institution, such as the European Statistical Office. Of course, the currency is also issued by a super-sovereign central bank like the European Bank.

"Well, the idea is good," Adolf Hitler thought silently, "maybe it can be realized in the future. But at present, we don't have such power. Ludwig, you must have another way?"

It seems that Hitler really wants to get back the 180 million pounds, and he is very confident in Hessmann.

"Yes, I have a way." Hessmann said, "This issue can be discussed at the Geneva Disarmament Conference... I will make a feasible plan to use this money to establish a special state-owned economic development bank across sovereignty to fight the current Great Depression."

"This barely counts as getting the money back, but there is still a problem," Hitler looked at Hessmann with burning eyes, "Lieutenant General, if we can't really put the 180 million pounds into the vault of the German Imperial Bank, then Germany will become a country without gold and foreign exchange reserves.

And I heard that the Industrial Promotion Committee has a huge amount of gold in its hands... That was what you got from Russia in 1917, right?"

"Yes, the Hohenzollern Fund is not controlled by the Industrial Committee. It is controlled by His Majesty the Emperor himself and belongs to the royal property."

Hessmann said: "At the beginning, there were 2.4 billion gold marks, and now it has become 1.5 billion gold marks-including gold lent to the Baltic Republic for Baltic mark guarantee-and various investments, debt certificates and deposits worth 3.8 billion marks."