XPost: alt.politics.economics, alt.philosophy, alt.politics.libertarian
"The simple, self-evident, and indisputable fact is that Hitler saved
Germany from total collapse and earned the undying gratitude of the
German people. The world depression hit Germany harder than other
countries. In order to pay the grotesque war reparations demanded by
the victors of World War I, the German economy depended heavily on
exports of manufactured goods. Because of the worldwide depression,
foreign demand for German goods collapsed. What was left of German
industrial production after the war further declined by 40%. And while
the German mark was inflating to worthlessness, prices for exported
goods drastically deflated, reducing Germany's ability to acquire
foreign reserves. Germany was for all practical purposes bankrupt. And
the unemployed and destitute Germans looked for a miracle worker.
Hitler's solution was brilliant and unique-other countries would not
catch on for more than a decade. The German government invested to
stimulate domestic demand. Interest rates were set low and debts of
German enterprises were rescheduled. The Government limited imports,
and rather than depend on foreign loans from foreign banks, Germany
entered into barter agreements with Eastern European and Balkan
countries. Tariffs were imposed on food imports and the government
assisted farmers with low-interest-rate loans and complete
cancellation of debts on farms. Germany embarked on a series of public
works projects building high-speed highways, efficient railroads,
modern housing, and public buildings. At the same time, Jews were
phased out of positions of power in the German economy.
Within three years, German industrial production had increased by an
astounding 60%. GNP had increased by an incredible 40%. Unemployment
in Germany simply disappeared. Germany was the economic powerhouse of
Europe and the country's prosperity reached all classes of Germans.
Such was the genius of Hitler. He demonstrated that a European country
could achieve economic greatness by excluding Jews and avoiding loans
from Jewish banks, and the Jews worldwide never forgave him for it."
Morghus
www.tomatobubble.com www.ihr.org
http://nationalvanguard.org
http://national-socialist-worldview.blogspot.com
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