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Chapter 184 Hitler's New Deal 5

Hitler's new policy is indeed very fascist. ◎,

The first knife of the new policy was toward the Jewish financial oligarchs. The anti-Semitic Party started "spontaneously" by the Nazis before the Nazi Party came to power, smashing many Jewish shops and banks. Then the "Restriction of Jews" Act was introduced, which ordered Jews to withdraw from Germany's financial industry (even the honorary Aryans could not control banks or other financial institutions) and large companies. Moreover, Hitler's "order" was not just a casual talk. The Nazi Party members and the stormtroopers went to banks controlled by Jews in various parts of Germany on the day the "Restriction of Jews" passed!

The defense force controlled by the Junker Group cannot compare with such execution capabilities, let alone the Chinese People's Party. After all, the Junker Group and the Jewish consortium have too close relations, and even Hessman has some Jewish merchants around him.

For example, Gusinsky, the general manager of Heinsberg-Hersman Company (the private company of the Heinsman couple, mainly exporting Soviet gems and handicrafts), and Rattenau, director of German General Electric, are Heinsman's Jewish business friends.

Therefore, the "anti-Semitic" incident can only allow the Nazi Party, which represents the interests of the middle and lower-class Germans. At the same time, Hessmann made a good start, and then supported Zionism, protected Jewish scientists, and then gave honorary Aryan certificates to the Jews who fought for Germany.

The second knife of Hitler's new policy hit the Bolshevik Party! This time Junker and the Nazi Party were consistent, so it became even more quick to sweep it.

The fire in the Capitol was lit up in this time and space on the evening of April 25, 1931. In the early morning of the next day, Hitler announced the ban on the German Bolshevik Party. The arrest began in Berlin and quickly swept across Germany. The stormtroopers, the National Wehrmacht Force and the Stasi Operation Team cooperated to attack, and by noon on April 26, they occupied all the Bolshevik Party headquarters in Germany. The "Free Trade Union" (that is, the non-Nazi Party union) was disbanded and the German Labor Front was established. The newspapers and magazines of the German Bolshevik Party were banned from publication. 18,000 German Bolsheviks, including Ernst Telman, the leader of the Bolshevik Party, were arrested and imprisoned.

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

It is impossible to deal with the Bolshevik Party issue in such a clean and neat way before the Nazi Party comes to power.

Because the Bolshevik Party is rooted in the German proletariat. It is a broad-based proletarian party. Before cooperating with the Nazis, the Juncker Group had no power at the bottom, while the German bottom became extremely large due to the great inflation in the early 1920s and the Great Depression in the late 1920s, and already accounted for the majority of the population. Even if the Juncker Group could temporarily destroy the leadership of the German Bolshevik Party, as long as its foundation is still there and the Soviet Union is a foreign aid, it will not be difficult to make a new start.

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

Therefore, after the Juncker Group and the Nazis joined forces to destroy the organs of the Bolshevik Party in Germany, the Nazi Party could win some of the masses who supported the Bolshevik Party from their own side.

Just the third day after the Congressional arson, Prime Minister Hitler asked President Hindenburg to dissolve the parliament and held a general election a week later. In this election, the Nazi Party's political territory expanded again, winning 44% of the seats, while the Nazi Party's ally, the Motherland BJP won 18% of the seats. The two parties added up to 62%. It was almost the same as the two-thirds of the majority that could amend the Constitution. It would not be a problem to amend the Banking Act and control the Imperial Bank.

...

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

In the office of the Prime Minister's Office on William Street, Hessman immediately congratulated Hitler as soon as he saw him. This election not only showed the German people's expectations for Hitler's new policy, but also showed that the people support the government and the National Defense Forces in cleaning up the criminals in November... This is also a serious warning to the Social Democratic Party that still exists legally.

"That's right!" Hitler focused his head heavily, and his deep gray-blue eyes also showed 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 own currency issuance right!"

Although Hitler had never studied economics seriously, he had a thorough understanding of the current domestic economic issues in Germany. The core of Germany's economic issues is the right to issue currency, which is also the view that Hessman has always held.

However, the regaining of the right to issue currency is not just a matter of the German Parliament passing a few resolutions.

Because the current German currency issue was complicated by Hessman! The Keynes Plan did not completely fail. Not only was the physical compensation system partially implemented, but even the gold exchange system of Mark's pound pegged to the British pound was continued to be implemented. Although in 1928 and 1929, there were some disputes between Germany and Britain and France, resulting in a part of the foreign exchange reserves (GBP) stored in the Bank of England (GBP) were forcibly transferred to repay compensation.

However, the British later discovered that the pounds were transferred to the accounts of France, Belgium and other countries, which was likely to speed up the flow of gold out of the UK. So after the MacDonald's cabinet came to power, this behavior that harmed others and was not beneficial to oneself was immediately suspended.

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

"That is to say, we also have a net deposit of 180 million pounds from the British, which is our foreign exchange reserves!" After a few greetings with Hessmann, Hitler did not talk to him about military issues, but talked about the issue of German foreign exchange reserve management.

"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 won't send the money back to Germany obediently!"

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

"Yes, so it's hard for us to get the money back." Hessman shrugged, "This shows that the gold standard is actually impossible to maintain, equivalent to gold. There are too many currencies, even in today's extremely tight currency."

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

Hitler's opinion is actually a scam than the gold standard. Because there is no such gold to repay banknotes at all! Not to mention Britain and Germany do not, and even the United States does not have that much gold.

Therefore, behind the gold standard, paper money is actually issued indiscriminately. The gold exchange system advocated by the UK is even more absurd, which is to regard the pound that does not have enough gold as a guarantee as gold to serve as a guarantee for the currencies of other countries.

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

Because later countries like to issue paper money indiscriminately when responding to financial crises, and the issuance of currency lacks supervision at all. Therefore, Hessman has always tended to issue supersovereign currencies, and it is best to be a currency that is pegged to something. Given the insufficient amount of gold and silver in the world and it is difficult to become the real anchor of currency, Hessman thought that the issuance of GDP, that is, the currency of GDP, should be capped with a certain proportion of GDP, such as 80% or 90%.

Moreover, this GDP data cannot be decided by a government itself, and it needs to be counted by a supersovereign institution, such as the European Statistics Office. Of course, the issuing currencies are also supersovereign central banks like European banks.

"Well, the idea is very good," Adolf Hitler thought silently, "It may be possible in the future. But at present, we do not have such power. Ludwig, you must have another way, right?"

It seems that Hitler really wants to return the £180 million, and he is very confident in Hessman.

“Yes, I have a way,” said Hessman. “This issue can be discussed at the Geneva Disarmament Conference…I will make a viable plan to use this money to initiate the establishment of a special state-owned economic development bank that transcends sovereignty to combat the current Great Depression.”

"This is barely considered taking back the money, but there is still a problem," Hitler looked at Hessman with a bright look. "Lieutenant General, if we can't really put the 180 million pounds into the treasury of the Deutsche Bank, then Germany will become a country without gold foreign exchange reserves.

And I heard that the Industrial Promotion Committee holds a huge amount of gold... You got it from Russia in 1917, right?"

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

"Initially there were 2.4 billion gold marks, now it has become 15 gold marks, including various investments, debt certificates and deposits that were lent to the Republic of Polo for guaranteed gold and 3.8 billion marks worth of marks." (To be continued.)
Chapter completed!
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