Wege aus der Krise
 Ways Out of the Crisis

Die Grundprinzipien der Finanz- und Wirtschaftspolitik, die nach 1933 zum originalen deutschen Wirtschaftswunder führte
The Economic Policies that Created the German Economic Miracle Following 1933

By Gerd Walther
Translated by J M Damon

This article recently appeared in PHOENIX magazine and is
posted at <http://ast-net.de/Walther/index-prozent.html> and

The expression “Economic Miracle” was coined in the 1930s, not the 1950s, as is generally assumed today.
Was the National Socialist economic program really a miracle, or was it the result of sound financial policy?
Today’s power elite would do well to study it closely!


Ways Out of the Crisis

{Gerd Walther’s response to a reader’s question concerning National Socialist economic policy:}

Thank you for your inquiry and for the opportunity to briefly explain the basic principles of National Socialist economic and financial policies.
First of all you should know that when President Paul Hindenburg named Adolf Hitler Chancellor of the Reich in January 1933, he came to power in a country whose economic deformation and political devastation was similar to that of today’s Germany.
With thirteen and a half million unemployed, a disintegrating industrial economy, ruined agricultural sector, idled trade and moribund shipping industry, the nation was collapsing.
In just two years Germany overcame its crisis and by 1938 our Chancellor and Führer had created an active social state with full employment –- a state that was the envy of the world!

Hitler was guided by the principle that the economy exists to serve the people and capital exists to serve the economy.
Today it is the other way around: in Austria and the so-called Federal Republic, the German People, including the millions and millions of unassimilated foreign workers on our soil, exist for the sake of the economy; and the economy exists to serve Capital.
As the economist Gottfried Feder explained in his books DER KAMPF GEGEN DIE HOCHFINANZ (The Struggle Against Globalism) and DIE BRECHUNG DER ZINSKNECHTSCHAFT (Abolition of Interest Slavery), there is a big difference between “Capital” and “Economy.”
{While recuperating from his war wounds in Munich in 1919, Hitler attended Prof. Feder’s lectures, which he describes in Chapter VIII of MEIN KAMPF.}

The German national spirit had arrived at this conclusion in the preceding century, in response to Isaak Adolphe Crémieux’s ALLIANCE ISRAÉLITE UNIVERSELLE (Universal Israelite Alliance in Paris, the precursor to the First World Jewish Congress.)
The ALLIANCE charged Karl Marx, a grandson of rabbis, with the task of obliterating the difference between capital and the economy.
Their purpose was to pit workers against employers and distract them from the depredations of Jewish banking capitalists, who lived from usury.
(Consider the parallels with Greece and France today.)

Mr. Marx always kept quiet about the fact that under the system of ZINSKNECHTSCHAFT (Interest Slavery), the employer is required to deal in money that has to be repaid with interest.
Under this system the “capitalist” is not the employer who creates the basis for the worker’s existence, but rather the money-lending Jewish “Bankster.”
This is perhaps the greatest difference between the theories of National Socialism and Jewish Bolshevism.
It helps us understand Goebbels’ oft-quoted remark that “Adolf Hitler killed Karl Marx.”
To me, it explains that Siemens was not the exploiter of my dear working class mother, but rather Rothschild.
On the contrary, Siemens provided her livelihood!
In today’s Germany, enslaved by Globalism, her livelihood would be destroyed, since Siemens now produces everywhere in the world except Berlin.

By lending money, the plutocrats had triumphed everywhere in the world, thanks to the fact that the world’s currencies were based on the gold standard.
International trade was possible only through transactions involving gold or interest bearing loans in currencies backed by gold.
Following its national revival in 1933, Germany abandoned this financial tyranny, with the result that barter -- the direct exchange of goods -- became possible in international trade.
An example of this is Germany’s exchanging locomotives for Argentinean beef, which did not require international trading credits or a “reserve currency.”
RAFFENDES KAPITAL (money-grubbing capital) capital lost billions upon billions in private profit from interest on international indebtedness, and SCHAFFENDES KAPITAL (productive capital) won the day in Germany!
That is why, on orders from RAFFENDES KAPITAL, France and England declared war on Germany in September 1939.

At present a similar development is occurring in trade between China and Turkey, which is bypassing the US dollar as global reserve currency.
Consider that the Chinese recently rebuffed Chancellor Merkel in her efforts to persuade them to deliver their currency over to the Wall Street plutocrats.  
Like the Chinese today, the National Socialists insisted on maintaining the independence of the German single currency in the days of gold backed currencies.
Adolf Hitler had a different concept of economics, and gold was simply not a factor in his considerations.
He agreed with Gottfried Feder that productive labor created value, not gold.
Hitler’s “gold” was German ARBEITSKRAFT (the power of German industriousness), and with this “gold” an unfettered Germany trumped every country in the world.
Under National Socialism the German economy was concerned with work and production rather than usury and speculation.
Ultimately it was the capabilities and industriousness of the workers, engineers, economic managers and organizations of the VOLK that backed the REICHSMARK, which was the single currency of the National Socialist state.

Under the financial and political principle of ARBEIT IST GELDWERT (Money is backed by productive labor), National Socialist Germany introduced bills of credit called MEFO-WECHSEL in the amount of 5.5 billion Reichsmarks.
This was an addendum to the 4.5 billion Reich marks allowed under the Dictate of Versailles until 1933.
German heavy industry including Siemens, Krupp, and AEG etc. undertook to cover these bills of exchange in such a way that their fixed industrial assets provided security for the newly created money.
This enabled the creation of up to 10 billion Reich marks, the minimum amount required to boost the economy in a “work-for-work” exchange.
After this medium was established, contracts for residential construction, superhighways and modernization of agriculture were immediately undertaken.
Don’t be tricked into believing that rearmament put the unemployed back to work – that is a propaganda lie!
The driving powers of free enterprise, innovation and intellectual activity shaped the new economic system for the benefit of the entire German nation.

The National Socialist state was opposed to Bolshevik GLEICHMACHEREI (trying to make everyone the same.)
When an individual accomplished something outstanding that benefited the community, he or she was rewarded financially.
To be sure, profits and dividends were capped, in keeping with the social element of National Socialist policy.
For example in the armament industries, which in the so-called “democratic” countries allowed speculators to pocket 70 to 160 percent of invested capital as dividends, National Socialist Germany allowed a maximum of six percent, of which half was conveyed to the community in the form of taxes.

Even then the major industrialists were not entirely free to commandeer the entirety of their half of the wealth created by the Volk.
It was expected that the industrialist would invest or re-invest in ways that would be advantageous to the national community.
If he did so, everyone was satisfied.
If he did not do so, the National Socialist state would intervene.
By contrast, consider how today’s industrialists are transferring capital to low-wage countries in order to destroy German jobs.

The same principle restricted fees paid to boards of directors.
Representatives to Parliament were not allowed to hold positions on corporate boards of directors unless these positions were completely unremunerated.
This was the opposite of the situation in the “Weimar Republic” or today’s “Federal Republic.”
The National Socialists put an abrupt end to the corruption involved in allowing parliamentary representatives to serve on corporate boards of directors.

And now you know, dear reader, why Adolf Hitler was so hated and vilified by the phony “democrats” and why he continues to be hated and vilified today.

With best regards from

Gerd Walther, AUSCHWITZPROZEßFÜHRER (Auschwitz Litigant)


The translator is a Germanist who makes German articles about the plight of Germany accessible to those who do not read German.


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