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If you look at the European situation chart in June 1941 in history, anyone would think that Adolf Hitler had done something amazing. Except for the European parts of Britain, Switzerland, Sweden, Portugal, the Soviet Union and Turkey, the entire Europe has become the sphere of influence of the Axis alliance led by Germany, either under the direct rule of Germany and Italy, or by political forces obedient to Germany or very pro-Germany.

This is the world in the 1940s, not the 21st century when most European countries had de-industrialized. The combined industrial strength of these countries that obey Adolf Hitler is probably even stronger than that of the United States, which is known as the democratic arsenal. Moreover, the population of these European countries is definitely far greater than that of the United States. In other words, Adolf Hitler at this moment mastered a larger production capacity (at least comparable) and population than the United States. However, these production capacity and population did not exert their due power in World War II.

Of course there are many reasons for this situation, but one thing is certain, that is, when the Hitler regime formulated a plan to conquer the world, it did not regard the maximum use of Europe's productivity and manpower as the key to achieving the final victory!

In Hessman's view, the key factors for Germany to win are two. In addition to handling the relationship with the Soviet Union, it is to maximize the combat effectiveness of a European under the leadership of Germany. This is not a war for Germany to seek world hegemony, but a struggle between Europe and the United States led by Germany for world hegemony.

Therefore, it should be that Germany needs to spend a lot of effort to study and lay out the combat effectiveness of the entire Europe.

In order to successfully integrate Europe in 1941 and 1942, preparations and layouts must be started in 1931.

This time, Hessman and Hitler went to Geneva to attend the International Disarmament Conference, which was to make arrangements for 1941 and 1942.

"Prime Minister, the current Great Depression, the great inflation in the early 20s, and the possible world war in 10 years are all the only purpose..."

When the train drove into Switzerland, Hessman was instilling the concept of currency war in Adolf Hitler. "It is to compete for the issuance of world currency. Whoever obtains the issuance of world currency will dominate the world!"

Participating in the International Conference on Disarmament is just a matter of attitude for Germany today. Even if an agreement is reached, it will be a waste of paper under the current economic situation. Unemployment and sluggish demand are the biggest problems that all countries, including Germany, need to face. Disarmament will only expand the unemployed team, reduce the demand for weapons and equipment, and thus make the economic situation more severe.

"So at this Geneva conference, we should link the disarmament issue with economic issues and currency issues." Hessman walked back and forth in the gently shaking train carriage, while discussing Germany's strategy at the Geneva conference with Hitler.

The International Disarmament Conference to be held in Geneva was not formed by Hessman's butterfly effect, but was found in its original history. It was the policy of the "Labor Government of the United Kingdom". Prime Minister Macdonald and most of his cabinet officials believed that reducing military expenditures to maintain fiscal balance was the prescription for alleviating the Great Depression. In fact, during the years of the Great Depression, governments in most countries in the world believed so. Cutting expenditures rather than creating demand became the first choice of governments.

The German Hitler government's act of issuing "job creation bills" can definitely be described as a rebellious one. Therefore, Mark has become a currency that is generally bearish by the market. If it were not for the Nazi Party's coming to power, Germany's Jewish financial powers and nobles suffered the disaster. They accounted for about 40% to 50% of Germany's banking share. The Mark's exchange rate must have fallen unreasonably now.

But the Hitler government had a way to control domestic finance, but could not control Germany. Especially Britain and France, they were taking a policy of cracking down on the German economy. The British frozen Germany's 180 million pounds of foreign reserves because Germany revised the Banking Act, violating the relevant provisions of the Keynes Plan. France stopped receiving coal (compensation products) from Germany, and at the same time made a request to the UK to use Germany's foreign exchange reserves to compensate part of Germany's compensation.

It is obvious that there is now a force in Britain and France that wants to create a second Mark collapse. It is only because the Nazi Party-Junker Group has established a very strong rule in Germany that the plan of this force has not yet succeeded.

“We should blame the economic problems on insufficient demand,” Hessman said. “So creating demand is the solution to the Great Depression… This is what we have always emphasized in the past. We should strive to participate in the action of creating demand and saving Europe together.”

"But do we need to worry about the economy of Britain and France?" Hitler said in a gloating tone, "I'd love to see them collapse!"

"So too!" said Hessman. "It's certainly a good thing for us, but the way to save them might be a better thing!"

He paused, and then smiled and said to Hitler, "A European basic investment bank that creates demand. Our net deposit of 180 million pounds in the Bank of England will become part of the bank's capital. European countries such as the United Kingdom, France, Italy, Switzerland, the Netherlands, Austria, Belgium, Poland and other European countries can participate and subscribe to a certain proportion of the equity... You can use gold foreign exchange or local currency.

After becoming a shareholder, these countries can lend money to the bank to build their own infrastructure, such as roads, railways, airports, docks, etc. This is definitely a good way to create demand, and I believe most countries will not refuse.

For the sake of convenience of management, the European basic investment bank will create a virtual banknote called the European withdrawal rights. All investments, no matter what currency is used, will be converted into the "European withdrawal rights" at a certain exchange rate. All loans will also be recorded in the "European withdrawal rights". After the creditor obtains the "European withdrawal rights", they will be converted into currencies of various countries according to the situation and needs, but they cannot be converted into precious metals such as gold and silver.

When repaying loans, countries can use both the ‘European withdrawal rights’ or the local currency…”

The "European withdrawal rights" proposed by Hessman is actually creating the euro. This is not easy, but it is not impossible. The key at the current stage is whether the "European withdrawal rights" can be successfully transformed into steel, cement and mechanical equipment required for infrastructure construction.

In this regard, Germany happens to have strong idle production capacity, which is easier to understand. It means that a country that needs to borrow money from European basic investment banks to conduct infrastructure construction. After obtaining European withdrawal rights, it must "depending on the situation", that is, it must find a country that is willing to exchange its own currency for European withdrawal rights. Then it purchases the materials needed for infrastructure construction from this country. This country that is willing to provide the European withdrawal rights is Germany, and Germany also wants to become the country that pays the most equity capital to European basic investment banks.

"All £180 million is invested in European basic investment banks...Phillip, what do you think?"

British Prime Minister McDonald asked Chancellor Philip Snowden at a weekly regular cabinet meeting, “Is this a good idea?”

Yesterday was the day when the International Conference on Disarmament in Geneva was opened. However, British Foreign Secretary Arthur Henderson, who presided over the meeting, sent news to London that the Germans planned to set up a basic European investment bank to save the European economy...

"For Germany, it can avoid losing £180 million." Philip Snowden is a very conservative Chancellor of the Exchequer and should really join the "Conservative Party" rather than the Labor Party. "For us, it is actually a good thing, second only to the confiscation of this money by us."

Of course it is good to be taken away by the British government by the British government, but this is impossible. Because there are more than the United Kingdom that have requested compensation from Germany, and the money should be distributed according to the proportion of compensation enjoyed by each country. Most of it will be allocated to France and Belgium, and France and Bibi are likely to convert it into gold and the US dollar will be withdrawn from the United Kingdom.

"Then can we borrow money from this basic European investment bank to create jobs?" Oswald Mozley, who served as deputy minister of the Seal and Employment, had a radical view on the financial issue, asked at this time, "The unemployment situation in Germany has improved. Can we imitate them to a certain extent?"

"This is not possible!" MacDonald shook his head. "At present, most economists in the UK believe that public spending should be cut significantly, and the Conservative Party also holds the same view... and Sir George May (a confused financial expert who was commissioned by the government to review the public finances) also believes that expenditure should be cut."

"Why don't the Germans have such a committee member?" Oswald Moz asked in a sour tone.

"So their Mark will collapse again!" Ramsey McDonald said seriously, "Irresponsible fiscal policy can only make economic data better in the short term, but the price is disastrous!" He smiled confidently, as if he really understood the economy. "I think we can agree with the Germans' suggestions that we can set up European basic investment banks, but the headquarter of this bank cannot be placed in Germany, and it is best to be placed in London. If it really doesn't work, it will be placed in Geneva. Moreover, the Bank of England must be the largest shareholder of European basic investment banks, because this bank cannot be controlled by the Germans, so the Bank of England has to invest 200 million pounds!"

[The 515 is coming soon. I hope to continue to hit the 515 red envelope list. By May 15th, the red envelope rain can give back to readers and promote works. It is also love, so it will definitely be better!] (To be continued.)
Chapter completed!