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Hjalmar Schacht

See The Myth of "Schachtian Austerity"

THE MONEYMAN BEHIND THE NAZIS

Note: Interestingly both LaRouche and Hitler agree on Schacht! (source: "http://cecaust.com.au/pubs/pdfs/SchachtianEco.pdf)

From wikipedia:
Dr. Hjalmar Horace Greeley Schacht (22 January 1877 – 3 June 1970) was the Currency Commissioner and President of the Reichsbank under the Weimar Republic, and President of the Reichsbank under the Nazi regime between 1933 and 1939. Schacht was one of the primary drivers of Germany's policy of redevelopment, reindustrialization and rearmament, and was a fierce critic of his country's post-World War I reparation obligations. Released from effective service to the Nazi government in 1939, Schacht ended World War II in a concentration camp, and was tried and acquitted at Nuremberg for his role in Germany's war economy.
http://en.wikipedia.org/wiki/Hjalmar_Schacht#Involvement_with_the_Nazi_Government

After the Nazi take-over, the grateful Hitler immediately reappointed Schacht to the Central Bank. From that position and from the office of minister of economics from 1934 to 1937, Schacht presided over Germany's second interwar recovery until, by 1938, mounting armament costs began to threaten his concept of a sound, balanced economy and brought on serious disagreement with Hitler. A blunt memorandum of warning in January 1939 brought his downfall and subsequent contacts with the Resistance.
from http://www.answers.com/topic/hjalmar-schacht

Schacht was dismissed as President of the Reichsbank on 20 January 1939.
http://www.jewishvirtuallibrary.org/jsource/Holocaust/Schacht.html

Schacht supported public works programs similar to Franklin Delano Roosevelt's New Deal, most notably the construction of the Autobahn to attempt to alleviate unemployment - policies which had been instituted in Germany under legislation drawn-up by Kurt von Schleicher's government in late 1932, and had in turn influenced Roosevelt's policies.

From http://www.nationmaster.com/encyclopedia/Hjalmar-Horace-Greeley-Schacht

why Schacht and not Goering?

In 1938, the SS began to use the camps as a source of forced labor for profit-making ventures. Many German companies used forced laborers from them, especially during the war

http://en.wikipedia.org/wiki/List_of_concentration_camps_of_Nazi_Germany
list of concentration/slave labor camps.
http://en.wikipedia.org/wiki/Nazi_concentration_camps#Pre-war_camps

Jauary 17, 1936: Gφring delivers his famous 'guns versus butter' speech: "Schacht and his Ministry of Economics had been told six months earlier to start making secret economic preparations for war, and he had used considerable sleight of hand to find the necessary funds so far. Along with a number of decidedly dodgy financial maneuvers, he had been forced to create a siege economy, banning virtually all consumer imports and severely restricting foreign currency transactions. But he believed there were limits beyond which he dared not push the long-suffering German public. 'They are being starved of oil to cook with, butter for their bread, meat for a Sunday dinner,' he told Gφring. 'Soon there will be a black market, and then we will have to start shooting people. I simply cannot spare you any more money.' Schacht might have been one of the worlds most brilliant economists, but he was no politician and knew little about ordinary people. Gφring, on the other hand, knew nothing about economics, but everything about what the German people really wanted. For three weeks he worked with Pilli Koerner on a major speech, which he then delivered with great panache to a mass rally in Hamburg, the city where the loudest complaints about austerity rations had been made. Wearing his Luftwaffe uniform and looking quite drawn after his latest bout of slimming, he began by outlining the tremendous progress that had already been made in restoring German pride through rearmament. He then moved on to remind his audience of the shaming restrictions still imposed on their country by Versailles. Only through strength, he told them, could Germany regain her rightful place in the sun. Having softened the meeting up, he delivered the killer punch. 'I must speak clearly,' he cried. 'Some people in international life are very hard of hearing. They can only be made to listen if they hear guns go off. We are getting those guns. We have no butter, comrades, but I ask you: would you rather have butter or guns? Shall we bring in lard, or iron ores? I tell you, being prepared makes us powerful. Butter only makes us fat!' He slapped his hollow belly to emphasize his point, and the meeting erupted into roars of approval. Radio listeners all over Germany joined in. Hitler sent him a telegram of congratulations. Schacht came up with the money for the Luftwaffe. The speech was reported around the world. The defining phrase, 'guns or butter' entered the international vocabulary. Gφring, of course, never had to make the choice for himself - he could always have both. But no one ever mentioned that." -From 'The Devil's Disciples' by Anthony Read. http://members.tripod.com/gooring/goo47.html

June 2, 1938: Emmy Gφring gives birth to a daughter, Edda.

"Schacht and his Ministry of Economics had been told six months earlier to start making secret economic preparations for war, and he had used considerable sleight of hand to find the necessary funds so far. Along with a number of decidedly dodgy financial manoeuvres, he had been forced to create a seige economy, banning virtually all consumer imports and severely restricting foreign currency transactions. But he believed there were limits beyond which he dared not push the long-suffering German public. 'They are being starved of oil to cook with, butter for their bread, meat for a Sunday dinner,' he told Goering. 'Soon there will be a black market, and then we will have to start shooting people. I simply cannot spare you any more money.' Schacht might have been one of the worlds most brilliant economists, but he was no politician and knew little about ordinary people. Goering, on the other hand, knew nothing about economics, but everything about what the German people really wanted. For three weeks he worked with Pilli Koerner on a major speech, which he then delivered with great panache to a mass rally in Hamburg, the city where the loudest complaints about austerity rations had been made. Wearing his Luftwaffe uniform and looking quite drawn after his latest bout of slimming, he began by outlining the tremendous progress that had already been made in restoring German pride through rearmament. He then moved on to remind his audience of the shaming restrictions still imposed on their country by Versailles. Only through strength, he told them, could Germany regain her rightful place in the sun. Having softened the meeting up, he delivered the killer punch. 'I must speak clearly,' he cried. 'Some people in international life are very hard of hearing. They can only be made to listen if they hear guns go off. We are getting those guns. We have no butter, comrades, but I ask you: would you rather have butter or guns? Shall we bring in lard, or iron ores? I tell you, being prepared makes us powerful. Butter only makes us fat!' He slapped his hollow belly to emphasise his point, and the meeting erupted into roars of approval. Radio listeners all over Germany joined in. Hitler sent him a telegram of congratulations. Schacht came up with the money for the Luftwaffe. The speech was reported around the world. The defining phrase, 'guns or butter' entered the international vocabulary. Goering, of course, never had to make the choice for himself - he could always have both. But no one ever mentioned that." -From 'The Devil's Disciples' by Anthony Read. (Read) http://members.tripod.com/gooring/goo47.html

Goering: Schacht


NurembergSchacht

http://www.nizkor.org/hweb/imt/tgmwc/tgmwc-04/

http://www.jewishvirtuallibrary.org/jsource/Holocaust/Schacht.html

http://www.derechos.org/nizkor/nuremberg/judgment/cap11.html

http://www.derechos.org/nizkor/nuremberg/judgment/index.html

http://en.wikipedia.org/wiki/Antony_C._Sutton

http://libcom.org/library/allied-multinationals-supply-nazi-germany-world-war-2

http://www.questia.com/PM.qst?a=o&d=1290625

http://www.webofdebt.com/articles/bankrupt-germany.php

The Nazi Economic Recovery 1932-1938

The Nuremberg Trials: IMT Charter, Indictments, Verdicts and Sentencing of Major War Figures

http://www1.yadvashem.org/education/entries/english/8.asp

http://www.germannotes.com/hist_hjalmar_schacht.shtml

http://www.spartacus.schoolnet.co.uk/GERschacht.htm

WALL STREET AND THE RISE OF HITLER By Antony C. Sutton

http://www.nizkor.org/ftp.py?people/s/schacht.hjalmar

http://www.nizkor.org/ftp.py?holocaust/germany/economy/

MY FIRST SEVENTY-SIX YEARSThe Autobiography of HJALMAR SCHACHT

The Defense of Hjalmar Schacht (pdf)
>< "Never did Schacht consider a moratorium on Germany’s crushing domestic and foreign debt. To the contrary! He knew the peril the financial oligarchs" (from "Who Was Schacht, and What Is Schachtianism?" by Michael Liebig)

http://www.larouchepub.com/other/2004/3110abba_lerner.html

http://www.gmhistorian.btinternet.co.uk/US-Germaneconomicpolicies.htm

http://www.american-buddha.com/hig.tradingwithenemy1.htm

http://www.historylearningsite.co.uk/nazis_and_the_german_economy.htm

http://www.jewishvirtuallibrary.org/jsource/Holocaust/Schacht.html

Hjalmar Schacht and Briining paved the way for Hitler's takeover of Germany

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Page last modified on August 12, 2012, at 03:37 AM