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Guest Post: Hitler’s Economics & Why You Should Know A Thing Or Two About Them

Tyler Durden's picture


Submitted by Chris Rossini via The Mises Economic blog,

Hjalmar Schacht was Hitler’s economic guy. According to Wikipedia, Schacht: ”became a supporter of Adolf Hitler and the Nazi Party, and served in Hitler’s government as President of the Reichsbank and Minister of Economics. As such, Schacht played a key role in implementing the policies attributed to Hitler.”

Now, we all know what happened to Hitler. But what about Schacht?

On June 9, 1947 Henry Hazlitt would write in Newsweek:

Nazism was defeated in war. Hjalmar Schacht, the Nazi economic wizard, is in jail.

So Hitler was dead, and his economic guy went to jail

But what about the economic ideas that the two would implement together? What happened to them?

Hazlitt continues:

But when Schacht and his surviving comrades survey the world today, they must feel consoled. Intellectually Schachtism has conquered Europe. The system of price control, wage control, profit control, interest control, exchange control, foreign-trade control, bilateral treaties, rations, priorities, allocations, quotas, with a special license required for almost every more, and with a mounting currency inflation hidden and repressed by these devices – this is Schachtism. And this is the system which nearly every country in Europe has now embraced.

So the ideas did not die, nor were they confined to a jail cell. Each and every one of those ideas, were not only embraced by Europe, but by the U.S. as well!

Hitler’s foreign policy aspirations may have been defeated by the war. However, the same cannot be said about his economic policies. Those ideas would be embraced and implemented by the victors of the war!

More than any other system of ideas, it is Fascism that should be #1 on the Libertarian priority list to debunk and persist against. The governing elites are well aware that even they can’t sustain themselves under a system of Communism. However they do believe that Fascism is their golden chalice.

What is Fascism?

Lew Rockwell has the answer:

Fascism is the system of government that cartelizes the private sector, centrally plans the economy to subsidize producers, exalts the police state as the source of order, denies fundamental rights and liberties to individuals, and makes the executive state the unlimited master of society.

Does that sound like America today? Do I even have to ask?

We are all involved in the struggle of Liberty vs. Fascism.


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Fri, 01/17/2014 - 16:05 | 4341912 Henry Rearden
Henry Rearden's picture

Can you elaborate and give proof to this guy's economic theories?  This is a blanket statement with no meat to it.


I'd like to agree with you, but there is no sound argument or logic in this post whatsoever. 

Fri, 01/17/2014 - 16:11 | 4341932 Boris Alatovkrap
Boris Alatovkrap's picture

All autocratic regime is void of necessity of congruent economic theory. Never is necessity of articulation of principle. You must study Lysenko. Tyranny is leave sound argument and logic at coat check.

Fri, 01/17/2014 - 16:18 | 4341959 Grifter
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This thread should be dedicated to Cheeky Bastard and all the old ZH'ers who participated in that fantastic thread about Hjalmar Schacht way back during ZH's infancy.  I still remember that thread to this day, and the insane multi-browser tabbed journey it took me on.

Fri, 01/17/2014 - 16:36 | 4342039 max2205
max2205's picture

What ever....the market is tanking on a 4 bill pomo day


Told you that they'd use pomo one day to buy bonds. ..up .4%

Fri, 01/17/2014 - 17:17 | 4342157 Anusocracy
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An oldie but a goodie:

World War II Is Finally Over: Hitler Won!

Fri, 01/17/2014 - 17:59 | 4342278 optimator
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Japan and the Emporor won too.  After we dropped the two A-Bombs the Imperial Japanese Army secretly showed us a weapon 100 times more powerful.  The agreement to end the war stipultated they'd let America look like it won, but they'd have to rebuild the Japanese economy, let Japanese companies flood america with cars and little radios...

Fri, 01/17/2014 - 22:35 | 4343065 The Shootist
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I've always held that the word fascism has no meaning. It doesn't exist in a vacuum, there are other more verbose ways of describing a political apparatus.

Anyways, Ghengis Khan was a fascist.

Fri, 01/17/2014 - 23:27 | 4343159 gmrpeabody
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Wow, Grifter, take us back to Cheeky Bastard...,

Those were the days...

Sat, 01/18/2014 - 09:56 | 4343729 StandardDeviant
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The problem is, it has too many meanings.

Umberto Eco does a nice job of compiling a list of archetypal characteristics of "fascist" movements.  Not every group which you'd consider fascist will have all of these characteristics, and two different fascist groups may have very few in common; but any group which holds to a substantial number of them is deserving of the name.

(This is based on a longer article published originally in The New York Review of Books, and reprinted in Five Moral Pieces.)

Sat, 01/18/2014 - 08:35 | 4343667 Blano
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Behold the winner of the 2014 dumbest post of the year award.

Sat, 01/18/2014 - 00:33 | 4343254 Againstthelie
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And therefore the white Aryan nations are destroyed and politicians are the actors of the international banksters?

The USA is a PLUTOCRACY. Money rules, not politics. And Plutocracies usually camouflage themselfes as Democracies: money controls the media and the media control the masses. Not politicians. Money rules in the USA, not the people.

In Nationalsocialism, Fascism and Communism politics rules, not the banksters.

Funny how libertarianism tries to push for even weaker nation states, more power for international high finance. Pornography is libertarian. Gay marriage is libertarian. A weak justice system is libertarian. No social security is libertarian. Interest slavey is libertarian. Exponentially rising interest income is libertarian. No good public schools for everyone but private schools as the only good schools for the rich ones is libertarian. A weak justice system is libertarian (because only a strong state can keep the money masters in check). Open borders and wage dumping is libertarian.

In Libertarianism everything is allowed that makes money. Therefore Libertarianism is the enemy of the nations and their culture.

Sat, 01/18/2014 - 16:50 | 4344480 WeekendAtBernankes
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Your last paragraph is one of the most ignorant things I've ever read. Log off before you hurt yourself.

Fri, 01/17/2014 - 17:36 | 4342216 cdevidal
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Grifter: Can't find it, can you please share the link, or what you learned?

Sat, 01/18/2014 - 18:49 | 4344709 Save_America1st
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do you have the link or date of that thread?  would love to read it


Fri, 01/17/2014 - 18:24 | 4342339 kwatinhu
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Hey Warrior, just clicked over to this blog this week (your blog?) And found the thinking more or less dove tails with my own. I'll be reading more, but time is such a precious commodity, you know.
Thanks for the links, I may start to contribute over there.

Fri, 01/17/2014 - 20:36 | 4342814 Crawdaddy
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Just clicked over there myself. I like any site that has Yuri Bezmenov and a babe laying down the smack on the IRS. Thanks Warrior.

Fri, 01/17/2014 - 16:22 | 4341979 john39
john39's picture

remember kiddies, and repeat after me... WWII happened just like we said it did...  evil nazis did all the bad stuff, good banker occupied UK and US saved the World, with the help of zio-communist Russia...   and, anti-usury talk is a hate crime.

Fri, 01/17/2014 - 17:10 | 4342140 Spastica Rex
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Those British commandos were pretty brutal, and that Dresden-bombing-thing pretty deplorable.

No, I do get it - you were being sarcastic.

+1 for you.

Fri, 01/17/2014 - 17:39 | 4342227 CoonT
CoonT's picture

I just ordered Mein Kampf, from Amazon; should be here in a couple days. Time to peek behind this curtain.. 

Fri, 01/17/2014 - 17:55 | 4342266 optimator
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You can get the various translations free online if you look for them.

Fri, 01/17/2014 - 18:37 | 4342378 Karl von Bahnhof
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Together with "The protocols" tm. You will get the picture.

Fri, 01/17/2014 - 21:51 | 4342984 Trucker Glock
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"should be here in a couple days."

The book or the swat team and ADL/SPLC?



Sat, 01/18/2014 - 16:52 | 4344482 MichiganMilitiaMan
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Another curtain in the same room to peak behind.  If you dare.

How do You Kill 11 Million People:

Fri, 01/17/2014 - 17:12 | 4342145 LMAOLORI
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With Communism force is used to obtain and maintain control.


People voted obama in willingly but then again the same was true of Hitler


"The American people will never knowingly adopt socialism, But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened."

Norman Thomas (US Socialist Presidential Candidate)


"The American Republic will endure, until politicians realize they can bribe the people with their own money."

Alexis de Tocqueville


Does it really matter what you call it?  Socialists/Communist's didn't think so.


" It is about the creation of an international political control arrangement by which bureaucrats who favor socialism can gain control over the international economy."

Perhaps if not for Stalin it would have been implemented earlier but he wouldn't play along.


I say again the only real difference between the ism's (Socialism/Fascism/Communism) is the method used to achieve the end goal of totalitarian control.  That's the part they don't tell you in those types of regimes only those at the top or with connections live in comfort.


Fri, 01/17/2014 - 17:25 | 4342185 divide_by_zero
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Add Progressivism, they hide under many names but same old shit

Fri, 01/17/2014 - 18:31 | 4342299 Dewey Cheatum Howe
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The people did not willingly vote in Hitler, deception and political backwheeling and dealing is what brought Hitler to power....,_July_1932,_November_1932

1. The Nazi party didn't win enough votes to be brought into the government.,_1932

2. Hitler lost the Presidential election and by a consideral margin to Hindenburg.

Hitler was appointed Chancellor by Hindenburg in 1933. 

In 1933 you had the Reichstag fire which was claimed to be started by Communists but was a false flag Nazi attack to remove competition and public support for opposition candidates in the 1933 election.

The day after the fire Hitler asked for and received from President Hindenburg the Reichstag Fire Decree, signed into law by Hindenburg using Article 48 of the Weimar Constitution. The Reichstag Fire Decree suspended most civil liberties in Germany[8] and was used by the Nazis to ban publications not considered "friendly" to the Nazi cause. Despite the fact that Marinus van der Lubbe claimed to have acted alone in the Reichstag fire, Hitler, after having obtained his emergency powers, announced that it was the start of a Communist plot to take over Germany. Nazi newspapers blared this "news".[8] This sent the Germans into a panic and isolated the Communists further among the civilians; additionally, thousands of Communists were imprisoned in the days following the fire (including leaders of the Communist Party of Germany) on the charge that the Party was preparing to stage a putsch. With Communist electoral participation also suppressed (the Communists previously polled 17% of the vote), the Nazis were able to increase their share of the vote in the March 5, 1933, Reichstag elections from 33% to 44%.[9] This gave the Nazis and their allies, the German National People's Party (who won 8% of the vote), a majority of 52% in the Reichstag.[9]

While the Nazis emerged with a majority, they fell short of their goal, which was to win 50%–55% of the vote that year.[9] The Nazis thought that this would make it difficult to achieve their next goal, which was to pass the Enabling Act, a measure that required a two-thirds majority.[9] However, there were important factors weighing in the Nazis' favor. These were: the continued suppression of the Communist Party and the Nazis' ability to capitalize on national security concerns. Moreover, some deputies of the Social Democratic Party (the only party that would vote against the Enabling Act) were prevented from taking their seats in the Reichstag, due to arrests and intimidation by the Nazi SA. As a result, the Social Democratic Party would be under-represented in the final vote tally. The Enabling Act, which gave Hitler the right to rule by decree, passed easily on March 23, 1933. It garnered the support of the right-wing German National People's Party, the Catholic Centre Party, and several fragmented middle-class parties. This measure went into force on March 27 and, in effect, made Hitler dictator of Germany.


So as you can see the Nazi's gamed the system to rig the 1933 elections in their favor by getting Hitler emergency powers through a false flag attack ahead of the elections. Once in they sealed the deal with the enabling act. Sounds kind of like 9/11 and the Patriot Act now doesn't it minus the dictator part.



Fri, 01/17/2014 - 18:40 | 4342386 Karl von Bahnhof
Karl von Bahnhof's picture

Dont be fooled by Wikipedia (zion tm).
He was cheered all the way, check photos.

You kno why?

Fri, 01/17/2014 - 20:49 | 4342843 Crawdaddy
Crawdaddy's picture

Well considering what media we see and hear with regards to that time period is just as controlled and manilpulated as US & Europe is today, I'd say the people not willing to cheer were not at the rallies. A photo op is not a reliable measure of public sentiment until you get to a "end of administration" style photo op where dear leader is either  lionised e.g. Turkey's Atatürk or hanging upside down e.g. Mussolini & wife.

Fri, 01/17/2014 - 18:42 | 4342396 Kayman
Kayman's picture

"the Nazis' ability to capitalize on national security concerns"

It's a damn good thing people won't be bamboozled with false "national security concerns" anymore...

Fri, 01/17/2014 - 20:15 | 4342740 Karl von Bahnhof
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No, it was because complete destruction of society principles.

Something we see today.

Fri, 01/17/2014 - 19:16 | 4342487 bh2
bh2's picture

"the Nazi's gamed the system to rig the 1933 elections in their favor"

Take a few minutes, sometime, to read FDR's speeches in the runup to the 1932 US election. Particularly the parts where he roundly condemned Hoover for creating too many federal agencies and expanding government power.

It is by no accident that even FDR's own staff privately referred to him as "The Great Deceiver".

Many years after, Harold Ickes admitted most of the programs which became known as The New Deal were, in fact, put on the drawing board by the Hoover administration. Hoover, of course, was just another "Progressive" politician who happened to be a Republican. That modern Progressives demonize him as Satan Incarnate is a particularly rich irony.

The Germans were just damn unlucky. They got Hitler. We got Roosevelt. Both were fascists in an age of fascism.

Fri, 01/17/2014 - 23:56 | 4343221 gmrpeabody
gmrpeabody's picture

Oh, there were differences alright

"The Germans were just damn unlucky."  I must have missed the <sarc>...

Fri, 01/17/2014 - 19:41 | 4342611 shovelhead
shovelhead's picture

All perfectly legal if Hitler signed an Executive Order.


Waita minute....

Fri, 01/17/2014 - 21:33 | 4342942 nmewn
nmewn's picture

Excellent and I'll try not to butcher the meaning of what you said.

All perfectly legal.

I want everyone to say it again, to yourselves, in a whisper...just do it for me.

"Its all perfectly legal. So, nothing to see here...its all perfectly legal."

Right? Very comforting isn't it?

Now, move along.

Sat, 01/18/2014 - 00:09 | 4343253 Fish Gone Bad
Fish Gone Bad's picture

Perfectly legal is usually pre-prepared by some vested interest and just needs the right moment to make it all nice and legal.

Sat, 01/18/2014 - 03:46 | 4343474 Vendetta
Vendetta's picture

"Sounds kind of like 9/11 and the Patriot Act now doesn't it minus the dictator part."

Who needs a dictator when you have two political parties that offer up virtual clones of each other with regard to economic policies but their political rhetoric sounds different but in essence, as far as actions are concerned, are identical.

Sat, 01/18/2014 - 05:50 | 4343563 Disenchanted
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re: "1933"

Coincidentally, that was also the same year the 13th Tribe declared war on Germany.

Sat, 01/18/2014 - 11:00 | 4343808 drendebe10
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Correction.  The arrogant, lying,narcissistic illegal alien looks like a dictator to many. 

Fri, 01/17/2014 - 18:47 | 4342416 Cap Matifou
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Stalin was only made aware of the real shakers and movers of world affairs, who could crush him like a fly, after he interrogated certain comrades of his main enemy, the ousted revolutionist Leon Trotsky.
"Insofar as the accused Rakovsky made it clear, having in mind the sparing of his life, that he could give information about matters of very special interest, Stalin gave orders to his foreign agent to carry out the questioning. It is known that Rakovsky was sentenced to be shot, like the others, but was reprieved and given 20 years of prison. "

Fri, 01/17/2014 - 22:46 | 4343084 Lost Word
Lost Word's picture

Could you provide a summary?

I do not have time to read the book link.

Sat, 01/18/2014 - 00:01 | 4343238 Buckaroo Banzai
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Henry Makow does a decent job of summarizing:

Part 1:

Part 2:

Fri, 01/17/2014 - 16:12 | 4341938 Jannn
Jannn's picture

Spectacular Gold Demand (79 Tons) on SGE in Week 2, 2014

Fri, 01/17/2014 - 16:18 | 4341947 Stoploss
Stoploss's picture

Here is an idea.

Do some research on Schact, then answer your own question.

Lysenko is another, one in the same. Isall ths same.


Fri, 01/17/2014 - 16:20 | 4341970 WTFx10
WTFx10's picture

Research? Ah thats like work.

Fri, 01/17/2014 - 17:27 | 4342153 Henry Rearden
Henry Rearden's picture

By research, do you mean read his wikipedia page?  Because that is not a reliable source. 


I personally could change his wikipedia page to read anything I want it to.


Further, none of his economic ideas are present on his wikipedia page except for the fact that he supported German autarky especially after the reperations being paid for WWI.  Pretty sure everyone would agree with him on that.  Nazi supporter and German Jew alike. 

Look I get the fact that this guy is a nazi, fine, and he is a certral banker, sure.  But that does not mean all central bankers are all nazis.  That is the conclusion the writer would have you beleive and he offers no congruent, well laid out argument in support.  He just makes a dumb fucking blanket statement, and stands on quotes of other people's opinions.  This post is fucking retarted.  It reads like it was written by a fucking 10 year old and if you think it is a good post you should really think about how biased you already are. 

I am willing to accept anyone ideas and arguments if they are carefully constructed and the premises makes sense.  This guest post is worthless trash.  If you like it, keep beating on the drums because you are a fucking monkey.

Fri, 01/17/2014 - 17:29 | 4342192 LFMayor
LFMayor's picture

So why don't you go correct that page?

Sat, 01/18/2014 - 04:15 | 4343499 joak
joak's picture

Have you ever tried to change something in wiki ? This crap is written by the most conformist sheeples, you have to source everything with "leading and reliable authorities", which means, on sensitive subjects, liars. Try to bring some contradiction and either you will be disregarded, either there will be some comment saying that "some people believe this but they are considered as retards by the leading and reliable authorities". By its nature, (Encyclopedia and collaborative), it is no surprise to end up with such content, but don't expect to find interesting info there, challenging any kind of status quo. 

Fri, 01/17/2014 - 18:45 | 4342403 Kayman
Kayman's picture

"This post is fucking retarted."

We are lucky that you aren't retarted either.

Fri, 01/17/2014 - 19:34 | 4342593 adeptish
adeptish's picture

"retarted" not a good word to mis-spell...

Sat, 01/18/2014 - 00:13 | 4343261 Fish Gone Bad
Fish Gone Bad's picture

"retarted" is the special ed version of "mostly retarded". 

Fri, 01/17/2014 - 19:17 | 4342512 SuperRay
SuperRay's picture

Ad hominem attacks demonstrate a lack of intellectual rigor. I guess when you add 'fucking' in a statement, it means that you are smarter and more insightful then the person you're criticizing.  I'll have to keep that in mind as I fucking write. 

Fri, 01/17/2014 - 21:21 | 4342915 Crawdaddy
Crawdaddy's picture

The use of the word "fuck" is simply an implied ALL CAPS.

Fri, 01/17/2014 - 21:43 | 4342061 OC Sure
OC Sure's picture

I don't find the post argumentative at all but more just a statement of fact.

Basically the Invisible Hand of capitalism is not guiding our economy but instead it is the omnipresent Iron Fist tightening its grip of control.

You can brush up on your capitalism here:

Please take this 2 minute tour if you don't understand Capitalism:

Fri, 01/17/2014 - 16:53 | 4342096 LFMayor
LFMayor's picture

Henry asks: Can you elaborate and give proof to this guy's economic theories?

No Henry, dammit.  Nazis are bad, isn't that good enough for you like it is for everyone else? /sarc off.

Sat, 01/18/2014 - 00:17 | 4343272 Fish Gone Bad
Fish Gone Bad's picture


That MADE me laugh.  Good job.

Fri, 01/17/2014 - 18:35 | 4342370 Kayman
Kayman's picture

In every country that Hitler invaded the local banks were forced to exchange Reich IOU's for the local currency, e.g. the French franc.  German soldiers then bought up everything they could with the local currency and sent it home to momma.

Ergo shortages in the local economy and surpluses in Germany.

Add that to the initial plunder and things were pretty damn good for the Nazis. So what, pray tell, is the difference when the Federal Reserve conjures up money to give to their friends and sends you, your children and grandchildren the bill ?

Fri, 01/17/2014 - 20:18 | 4342750 mc225
mc225's picture

was he horace greeley's nephew? i'd heard his full name was hjalmar horace greeley schact.

Sat, 01/18/2014 - 11:13 | 4343825 boooyaaaah
boooyaaaah's picture

You can download Helmet book the mystery of money

He single handedly brought an end to the runaway inflation that Germany had beginning in 1923

What i have read is not bad -- he knew the value of money and issued the " rent mark" stable currency

I would appreciate a discussion on 

Sat, 01/18/2014 - 11:52 | 4343869 Tom_333
Tom_333's picture

"Schachtism"...yes ...but the author forgets to mention the economic power of genocide , forced labor on a grand scale , outright theft and confiscation and other multipliers tha allows the Big State to exert it´s special brand of Keynesianism.

Sat, 01/18/2014 - 13:47 | 4344099 -.-
-.-'s picture

The School of Business in Austin, Texas sure does not seem to deviate from German facist market economics, especially on the regional and international scale. We have to study cases involved in those subjects quite often...

Fri, 01/17/2014 - 16:03 | 4341914 slotmouth
slotmouth's picture

I'm really disappointed that there wasn't a Hitler's bunker youtube video here.

Fri, 01/17/2014 - 16:11 | 4341934 NoDebt
NoDebt's picture

They have an entire YouTube channel dedicated to them:

You're welcome.

Fri, 01/17/2014 - 16:12 | 4341941 q99x2
q99x2's picture

I heard it the other night. Jerome Corsi says he wasn't in it. He didn't get killed. Hitler lives.

Fri, 01/17/2014 - 16:20 | 4341969 Boris Alatovkrap
Boris Alatovkrap's picture

Boris is also hear on short wave radio, "Coast-for-Coast AM"! Russia is only pretend recover corpse of Hitler, but is produce skull of middle age woman. Eisenhower is express doubt 6 month later in "Star & Stripe". Why is America believe spurious report from Russia? Even Stalin is not believe Hitler dead. Okay, maybe is presently dead, but not so much in 1945.

Fri, 01/17/2014 - 16:29 | 4342015 Uncle Remus
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"No, [Hitler] is not dead, he just went home."

Fri, 01/17/2014 - 16:32 | 4342029 kralizec
kralizec's picture

Uncle Joe's personal plaything in the depths of Lubyanka?

Fri, 01/17/2014 - 16:03 | 4341917 TPTB_r_TBTF
TPTB_r_TBTF's picture

If only Hitler had had more time...

Fri, 01/17/2014 - 16:15 | 4341951 Clueless Economist
Clueless Economist's picture

at least the trains ran on time.

Fri, 01/17/2014 - 16:22 | 4341982 Boris Alatovkrap
Boris Alatovkrap's picture

But you are not want to take some train in Nazi Germany. Even for rich Jew, standing room only.

Fri, 01/17/2014 - 16:24 | 4341990 Motorhead
Motorhead's picture

And such small windows...even in first class.

Fri, 01/17/2014 - 16:55 | 4342099 LFMayor
LFMayor's picture

Hey!  Hitler was nice, he gave you a ride.  Stalin made you fucking walk there!

Fri, 01/17/2014 - 17:04 | 4342131 Emergency Ward
Emergency Ward's picture

Free health care for Aryans....just buy into his other programs and pograms....

Fri, 01/17/2014 - 17:51 | 4342258 optimator
optimator's picture

But in summer you could open them, even stick your head out.  Had a cinder in my eye once for three days doing that.

Fri, 01/17/2014 - 16:37 | 4342046 max2205
max2205's picture

Hitler was half black too

Fri, 01/17/2014 - 22:53 | 4343095 Lost Word
Lost Word's picture

Some writers suggest Hitler's father was an illegit son of a Rothschild.

Fri, 01/17/2014 - 16:50 | 4342085 Offthebeach
Offthebeach's picture

Soros family did fine.

Fri, 01/17/2014 - 21:56 | 4342996 Riprake
Riprake's picture

Now, now! Not all the Soros family did fine. Some of them died in Auschwitz.

Yeah, that was one wild schnapps binge they were on the night they all fell out of that guard tower...

Fri, 01/17/2014 - 22:40 | 4343071 JackWills
JackWills's picture

The ones that died were the ones that had stakes in the family business, and Georgio don't like to share

Fri, 01/17/2014 - 17:51 | 4342254 optimator
optimator's picture

Standing was better than those hard wooden bench seats!

Sat, 01/18/2014 - 03:59 | 4343487 Kirk2NCC1701
Kirk2NCC1701's picture

And they had zero unemployment, cause "Work is liberating".

Fri, 01/17/2014 - 16:23 | 4341983 Motorhead
Motorhead's picture

Sorry, dude, wrong fascist.  The KdF autos ran on time on the Autobahn.  But I must say, the Deutsche Bahn trains are quite punctual.  Pünktlichkeit is alles.


Fri, 01/17/2014 - 16:05 | 4341923 AmericasCicero
AmericasCicero's picture

We in the killin Nazi bidness!

Fri, 01/17/2014 - 16:08 | 4341928 kaiserhoff
kaiserhoff's picture

Bull Shit.

I don't see any Fascists on the ballot in Europe or America, but the legislatures and the kleptocracy are full of Communists.

Fri, 01/17/2014 - 16:24 | 4341987 Kirk2NCC1701
Kirk2NCC1701's picture

You are part right: you got the "ists" right.  But the word starts with a Z.

Fri, 01/17/2014 - 16:41 | 4342068 Uncle Remus
Uncle Remus's picture


("Max" was prescient)

Fri, 01/17/2014 - 16:08 | 4341929 Steve in Greensboro
Steve in Greensboro's picture

I blame Hindenburg.

Fri, 01/17/2014 - 16:17 | 4341954 Boris Alatovkrap
Boris Alatovkrap's picture

You are refer to use of H2 for lighter-than-air floatation gas? Or you are refer to GWB-like idiot president enact 48 Article of Weimar Republic in 1924 to suspend individual liberty? Both is exemplar of gross stupidity (groß dummheit).

Fri, 01/17/2014 - 16:22 | 4341978 Fuh Querada
Fuh Querada's picture

große Dummheit (feminine like mush-shina)

Fri, 01/17/2014 - 16:24 | 4341994 Boris Alatovkrap
Boris Alatovkrap's picture

Entschuldigt. Boris nicht sprechen sie guten Hochdeutsch.

Fri, 01/17/2014 - 17:06 | 4342133 walküre
walküre's picture

Warum hat Stalin den Pakt gebrochen? Nun kannst du leider kein Deutsch.

Fri, 01/17/2014 - 17:29 | 4342196 booboo
booboo's picture

Der splunkin ein plunkin funkin das flopin klopin

Sat, 01/18/2014 - 04:07 | 4343491 Kirk2NCC1701
Kirk2NCC1701's picture

Es war AH der den Pakt gebrochen hat.
Bloeder Kerl. Haette er sich an den Pakt gehalten, dann wuerden die Englaender heute Deutsch sprechen. Und vielleicht auch die Amis.

Er hat sich total uebernommen.

"A man's gotta know his limits". - C. Eastwood

Sat, 01/18/2014 - 18:16 | 4344656 Boris Alatovkrap
Boris Alatovkrap's picture

Hitler is never intend honor Ribbentrapp treaty. Stalin is never intend honor Molotov treaty. Both despot is dispatch pawn to delay inevitable while is prepare troop for encounter. No surprise to Stalin, no surprise from Hitler. But Clint Eastwood is dead to right about Hitler megalomaniacal death wish.

Fri, 01/17/2014 - 16:26 | 4341989 akak
akak's picture

I think he is refer to Hilda Hindenburg, who win 1984 Olympic gold medal for East Germany in shot put.  She is today still work in beet plow and highway maintain in Leipzig suburb.

Fri, 01/17/2014 - 16:26 | 4342001 Boris Alatovkrap
Boris Alatovkrap's picture

Why is blame woman of great upper body strength!? Boris is hire strong woman for extraction of ore deposit in metropolitan area.

Fri, 01/17/2014 - 16:30 | 4342020 Motorhead
Motorhead's picture

Nye znyaoo.  (hehe)

Fri, 01/17/2014 - 16:36 | 4342041 Boris Alatovkrap
Boris Alatovkrap's picture

Now you are!

Fri, 01/17/2014 - 16:39 | 4342056 akak
akak's picture

Da, when is mine copper from abandoned (or mere vacant) house, best always to use former East German olympian women, who not only know how to take orders AND work like mule, but not suffering from inconvenient "time of month" due to steroid-induced growth of vestige penis.

Fri, 01/17/2014 - 16:25 | 4341997 Motorhead
Motorhead's picture

Hindenburg was senile by then...and punched out in August 1934....much to the delight of the Fuehrer.

Fri, 01/17/2014 - 16:11 | 4341935 Bagbalm
Bagbalm's picture

I've often said that Nazi Germany lost the military war but won the ideological war, because the US adapted their political philosophies. This upsets people. It is no surprise to me this includes economic theory, but the article is very lean meat indeed.

Fri, 01/17/2014 - 16:17 | 4341958 Motorhead
Motorhead's picture

The US adopted Wernher von Braun, too.

Fri, 01/17/2014 - 16:19 | 4341965 Motorhead
Motorhead's picture

Ooops, adapted, not adopted....hey, it's Friday.

Fri, 01/17/2014 - 16:28 | 4342009 Boris Alatovkrap
Boris Alatovkrap's picture

Of greatest spoil of war, Victor is (re)write history to suitable liking and preference.

Fri, 01/17/2014 - 16:33 | 4342028 Motorhead
Motorhead's picture

Indeed...lots of examples of that...the US "Civil War" is a very good example of that.  Sherman, Sheridan, and Grant (for starters) would have hung had it been after WWII, but, they were on the "winning side".

Fri, 01/17/2014 - 16:48 | 4342082 Frank N. Beans
Frank N. Beans's picture

no, I think adopted is appropriate.


Fri, 01/17/2014 - 23:55 | 4343223 lakecity55
lakecity55's picture

......whose status as an SS Officer was scrubbed.

Fri, 01/17/2014 - 16:19 | 4341963 BandGap
BandGap's picture

In a way it was circular.......the Nazis learned propaganda from the US.

Morphed into this pile of shit, haven't we? Make the enemy communism, and adopt facism to fight it.  Same as it ever was.

Fri, 01/17/2014 - 16:29 | 4342008 FeralSerf
FeralSerf's picture

Circular, no shit. US learned propaganda from Austrian-Jews Eddie Bernays and his uncle Sigmund.

Fri, 01/17/2014 - 16:30 | 4342024 Boris Alatovkrap
Boris Alatovkrap's picture

You are refer to Edward Bernays, cousin of Freud? Bernays is employ by Wilson as first modern propagandist. Ancient propaganda is bulky like Sphynx and large than life statute of deify personality cult leader.

Fri, 01/17/2014 - 16:39 | 4342059 Bunga Bunga
Bunga Bunga's picture

The substantial difference is that in communism and fascism propaganda is for free, while in capitalism people pay for it.

Fri, 01/17/2014 - 17:37 | 4342222 FeralSerf
FeralSerf's picture

"Born 1891 in Vienna to Jewish parents, Bernays was a double nephew of psychoanalysis pioneer Sigmund Freud. His mother was Sigmund's sister Anna and his father was Ely Bernays, brother of Freud's wife Martha Bernays. In 1892 his family moved to New York City . . ."

Modern propaganda is, in its own way, even bulkier. It's everywhere you look and hear.

Fri, 01/17/2014 - 16:57 | 4342110 alangreedspank
alangreedspank's picture

It didn't adapted their ideas, both countries were the same before the war. Goebels sent flowers to FDR as praises for his economic policies. This was a controversy that had a small stint after the war. 

Sat, 01/18/2014 - 04:20 | 4343506 joak
joak's picture

"I've often said that Nazi Germany lost the military war but won the ideological war, because the US adapted their political philosophies.". Really ? Like nationalizing money creation and using the work standard ? Full employment ? Conservatism ? Protecting the white race ? Etc etc. 

The US are closer to Communism than Nazism, although I would not even make the comparison. I cannot believe Tyler posted such article, it has no content (simply because if it had, it would not be able to make its point).

Fri, 01/17/2014 - 16:12 | 4341940 kralizec
kralizec's picture

Both fascism and communism benefit economically from large pools of slave labor.

If you are OK with that price...

Moi?  Shoot in both directions simultaneously!

Fri, 01/17/2014 - 16:35 | 4342034 Bunga Bunga
Bunga Bunga's picture

Don't the American corporations benefit from slave labor? This system just got globalized in capitalism.

Fri, 01/17/2014 - 17:59 | 4342279 Gunga
Gunga's picture

You have fascism when government and industry join forces to reap the fruits of the peoples labor.  The present day United States is a good example of industry and government harvesting a large percentage of the results of a populations labor. 

Fri, 01/17/2014 - 16:16 | 4341950 q99x2
q99x2's picture

Obama works for Hitler. Draghi works for Hitler. The City of London works for Hitler. Loyd Blankfein and Jamie Dimon work for Hitler. Janet Yellen, Ben Bernanke and Alan Greenspan all work for Hitler.

Fri, 01/17/2014 - 16:18 | 4341961 i_call_you_my_base
i_call_you_my_base's picture

And Hitler works for the aliens?

Fri, 01/17/2014 - 16:18 | 4341962 Motorhead
Motorhead's picture

And Henry Ford?  He's gotta fit in there somewhere.

Fri, 01/17/2014 - 16:32 | 4342027 Boris Alatovkrap
Boris Alatovkrap's picture

Ford is make car of any color as long as is black.

Fri, 01/17/2014 - 17:56 | 4342268 LMAOLORI
LMAOLORI's picture



Fascist's don't seek state ownership of industry they just work together and Ford fit right in..


Ford and GM Scrutinized for Alleged Nazi Collaboration

""I regard Henry Ford as my inspiration," Hitler told a Detroit News reporter two years before becoming the German chancellor in 1933, explaining why he kept a life-size portrait of the American automaker next to his desk."


Fri, 01/17/2014 - 23:02 | 4343113 Lost Word
Lost Word's picture

I think Antony Sutton wrote something about that.

Fri, 01/17/2014 - 16:16 | 4341952 BandGap
BandGap's picture

If communism was evil, facism is refined evil.

Let's get it on!

Fri, 01/17/2014 - 17:37 | 4341955 akak
akak's picture

Neo-Nazi trolls descend on ZH to spread their filth in 4, 3, 2, ....

Nice job kicking the hornet's nest for cheap clicks, Tyler(s).


EDIT: Can anyone mysteriously downarrowing me care to explain WHY they are downarrowing me?  Are there truly that many (cowardly) neo-Nazis among the ZH crowd?

Fri, 01/17/2014 - 17:59 | 4342273 dick cheneys ghost
dick cheneys ghost's picture

akak, I just up arrowed you......I dont always agree with you, but I always enjoy ur comments.....ALWAYS

btw, you still wearing white underwear?

Fri, 01/17/2014 - 18:40 | 4342390 akak
akak's picture


btw, you still wearing white underwear?

I didn't realize that there is any other kind.

Fri, 01/17/2014 - 22:30 | 4343054 BigJim
BigJim's picture

Try wearing it longer

Sat, 01/18/2014 - 04:51 | 4343535 joak
joak's picture

I did not down arrowed you, but let me explain you the problem. Being a "revisionist" does not mean being a nazi. I got interested in WWII after realizing all the lies I have been eating all those years on everything. What did I discover, to my opinion ? Serious revisionists are right : there has not been a planified mass murder of Jews using gaz chambers. That's the plain truth for anybody who is willing to enter the rabbit hole. This does not mean that Jews did not suffer, that they deserved what happened, that Jews did not massively died in those work camps (mainly from epidemia, when Germany started to be in trouble in 1943 and had even problems to feed their own soldiers, when Germans, where living like cave men due to allied civilian bombings, a real war crime of which nobody talks today). The official story is full of lies, to such extend that in Europe, some countries send to jail people who dares to challenge what Nuremberg court ruled. In my country, I can go to jail for writing what I wrote here. What are they afraid of ?

I know that people like you will say I'm a neo nazi, but I don't care. I am anti imperialist, I reject any kind of violence, included the one the "little Jews" faced (because the rich Jews in Germany did not go into camps, some of them even financed both sides). I also read Mein Kampf, Hitler was racialist and imperialist, so for me it's clear he is not the leader I would dream of.

But in the sake of objectivity, it does not mean that everything was his fault, that he was not right on some points, that he was the monster that is portrayed today. I want the truth. And if it makes me a neo nazi in the eyes of some ignorants, I don't care. At that period, antisemitism was widespread everywhere, read the quotes of Churchill (, etc. I could write a book about it, but all I want to say is : it's not because someone is trying to reestablish an historic fact that he is for or against something. 

Fri, 01/17/2014 - 16:17 | 4341957 Kaiser Sousa
Kaiser Sousa's picture

"One of the bigger wallets on the Bitcoin blockchain is going to be emptied in the near future. Back in October, when the feds took down the online drug bazaar Silk Road, they seized the nearly 30,000 bitcoins in its coffers. On Thursday, the Manhattan U.S. Attorney’s office, which is prosecuting the Silk Road case, announced that a judge had signed off on a forfeiture order for those coins. That means they’re now free to get rid of the 29,655 bitcoins, worth about $25 million at Bitcoin’s current $850 value. “We have not yet determined exactly how the Bitcoins will be converted and liquidated,” said Manhattan U.S. Attorney Office spokesperson Jim Margolin."

Fri, 01/17/2014 - 16:24 | 4341995 WTFx10
WTFx10's picture

I did see any mention of BITcoin in the article. So why is this here?

Fri, 01/17/2014 - 17:02 | 4342048 Kaiser Sousa
Kaiser Sousa's picture

you tell me why....

"NEW YORK (MarketWatch) -- The U.S. government on Thursday said it officially took control about 29,655 bitcoins, worth approximately $28 million as of the announcement, from the 2013 seizure of the website Silk Road. The website, which only accepted bitcoin, allegedly allowed users to buy and sell unlawful goods and services anonymously. U.S. Attorney Preet Bharara said the forfeiture of bitcoins was the largest to date. "These bitcoins were forfeited not because they are bitcoins, but because they were, as the court found, the proceeds of crimes," he said in a statement. The government also seized 144,336 additional bitcoins from Ross William Ulbricht, the alleged owner and operator of Silk Road, but he has contested the forfeiture and denied the charges in the case."

emotion in the face of fact can be costly.....

Fri, 01/17/2014 - 21:34 | 4342943 satoshi101
satoshi101's picture

The Only un-finished business in the EURO-LAND is the acquisition of UKRAINE,

The CIA/NSA gave UKRAINE the majority interest in BITCOIN-MINING POOLS,

This makes the UKRANIANS feel 'rich and masters of the universe'

Of course once the Ukranians go the EURO, then the NSA will pull the plug on the BITCOIN mining-pools.


Never underestimate how bad the NSA/CIA wants to control EUROPE,

Then on to Russia, and CHINA, then NWO will control the world.

UKRAINE is the Achilles HEAL in the NWO world-take over,


This story has EVERYTHING To do with BITCOIN.

Sat, 01/18/2014 - 02:33 | 4343428 putaipan
putaipan's picture

byaana na na na na-dnyha na. duh dah duh dah....

byaana na na na na-dnyha na. duh dah duh dah....

dunh dah dunh danh da

dunh dah dunh danh da...



oh. sorry. i thought he said kaiser souza sortze.

Fri, 01/17/2014 - 17:44 | 4342242 optimator
optimator's picture

Re: Escaped.  Just about everyone in the Bunker with H. wrote their memoirs post war.   There is no way the could have conspired to all write the same view of the Last Days events.

Fri, 01/17/2014 - 16:20 | 4341968 chicagomike666
chicagomike666's picture

The seminal work on Nazi "economics" is "Wages of Destruction" by Adam Tooze...a brilliant book well worth reading.   Schact was more of the Pre-war architect of Reich Policy.  However, Albert Speer took on the defacto role of economic czar from 1942 on...

In fact, Schact "resigned" from his post in '37 at Gorings request---and  was fired by Hitler from his post at the Reichsbank in 1939...and was basically under a kind of benign  house arrest for the remainder of the war.

As the economy became increasingly militarized---Speer was the driving force of industrial production, etc....



Fri, 01/17/2014 - 16:21 | 4341975 TrumpXVI
TrumpXVI's picture

I don't see where the U.S. economy is centrally planned for the purpose of subsidizing producers.  I can see that it is centrally planned for the purpose of enriching a parasitic banking class on Wall St.  It's not a bad overall definition, however.

Fri, 01/17/2014 - 17:11 | 4342143 walküre
walküre's picture


Government moolah makes the American wheels go round

Fri, 01/17/2014 - 23:14 | 4343134 Lost Word
Lost Word's picture

The Banksters own majority stock of all the large Corporations.

Fri, 01/17/2014 - 16:24 | 4341980 NuYawkFrankie
NuYawkFrankie's picture

re. Now, we all know what happened to Hitler....

Really?  I wouldn't be so sure.

Fri, 01/17/2014 - 16:25 | 4341991 JR
JR's picture

 America’s future … like Venezula’s?

How is the Fed’s planned economy, i.e., crony fascist socialism, working out for you – be you saver, pensioner, college grad, private sector employee, unemployed due to manufacturing and intellectual base offshoring, baby boomer soon to retire on SS and insurance premiums, gun owner, lover of liberty, holder of gold and silver, long term private investor…?  Before you answer, take a look at Venezuela’s ongoing socialist economy.

And remember that GE profit rose 20% in its fourth quarter earnings report, boosted largely by an uptick in oil and gas revenue…and that the euphoria on Wall comes from the agony imposed on Main... and that Janet Yellen intends to continue QE largesse to the bankers indefinitely...

Q&A: Venezuela’s economic woes | BBC News | 15 January 2014

Venezuela faces a host of challenges in 2014: it has one of the highest murder rates in the world and is deeply politically polarised. But arguably it is the poor state of its economy that is the most pressing of the problems facing President Nicolas Maduro. The BBC's Irene Caselli in Caracas takes a closer look at Venezuela's economy.

What are Venezuela's economic problems?

Venezuela suffers from the region's highest inflation, also one of the world's highest rates. The country's annual inflation rate for 2013 was 56.2%.

There are shortages of certain staples, such as milk and toilet paper, and large queues at supermarkets when those items are available.

There are also regular blackouts - Caracas was hit twice in 2013, but they are much more frequent in the rest of the country. And there is a dollar black market.

Why is there a black market in dollars?

The Venezuelan government imposed controls over foreign exchange in 2003, following a troubled year which saw a coup against the late president, Hugo Chavez, as well as a three-month long oil strike which undermined the country's economy.

Mr Chavez decided to impose controls on foreign exchange to avoid capital flight and to control the prices of food staples.

The government set a fixed rate at which the dollar could be bought and started controlling sales of foreign currency.

People and businesses can now receive US dollars at the official rate only by applying to a government currency agency, and then only for the purpose of importing goods or to pay for foreign travel.

The amount of dollars available at the official rate is restricted, but the demand remains high. This causes the black market to flourish.

How does the black market work?

While changing money on the black market is a crime, it is very easy to find a trader.

The official exchange rate is currently 6.30 bolivars to the dollar. On the black market, the exchange rate is 10 times higher.

Venezuelans calculate their cost of living according to the black market exchange rates, and prices of property as well as used cars grow according to the black market rate.

Why is the black market a problem for the economy?

Analysts say the black market creates distortions in the economy and leads to a dual economy.

This means that those Venezuelans who earn in dollars or have easy access to dollars have a growing buying power thanks to the black market, because their dollars buy more bolivars every day.

At the other end of the spectrum there are Venezuelans whose salaries lose buying power because of the high inflation rate.

While the government has raised minimum wages, this has not been enough to catch up with inflation. Analysts also say the fixed exchange rate is to blame for other problems the Venezuelan economy is experiencing, such as shortages.

Why are there shortages?

Venezuela depends on imports for many products. If companies cannot easily access dollars, imports become difficult.

This, combined with inadequate domestic production of food staples, is creating shortages.

According to Venezuela's central bank, the scarcity index is close to 20%, meaning that for every 100 goods, 20 are not available.

Toilet paper, sugar, milk and certain medicines are not easy to find. Sometimes they can be sourced at higher prices on the black market.

The government blames shortages on businessmen who are trying to boycott the system.

What is the government doing?

In November, President Nicolas Maduro ordered the seizure of a chain of electronics stores, accused them of overcharging, and forced them to lower their prices.

A few weeks later, the National Assembly granted Mr Maduro special decree powers that allow him to pass laws without the assembly's approval.

After receiving decree powers, the president signed several laws governing the economy.

He established caps on profits and fair prices for consumers. He also signed a decree that regulates the price of cars.

The government has also signed agreements with private firms, such as Samsung, in order to provide more electronics for the domestic market.

Are these measures working?

Opponents say these measures will only deepen the economy's distortions, creating more shortages and a more rampant black market.

The government accuses opponents and unscrupulous businessmen of sabotage.

Many expect the government to announce a new devaluation of the bolivar soon, in order to close the gap with the black market.

But the devaluation would be a hard blow for many Venezuelans, and the government so far has been careful not to create discontent.

Does Venezuela's crisis affect the overall economy of the region?

Venezuela has the world's largest proven oil reserves.

Hugo Chavez used oil to expand his political clout. He founded Petrocaribe, an alliance that provided countries in the region, such as Cuba, Guatemala and Nicaragua, with oil at below-market prices.

But Venezuela may be slowly pulling the plug, cutting shipments and modifying repayment terms, as the country is in need of more liquidity.

In November, Guatemala announced that it was leaving the alliance as costs increased.

Sat, 01/18/2014 - 10:18 | 4343753 StandardDeviant
StandardDeviant's picture

Good for the (usually rather left-wing) BBC for covering this.

Maybe now they will be equally harsh on that silly twat Miliband and his dirigiste economic proposals.  Schacht's ghost lives.  Heaven help the UK if they elect this moron.

Fri, 01/17/2014 - 16:24 | 4341998 Seasmoke
Seasmoke's picture

Seems like the Zionist/Jews/Neocons took alot of Hitlers/Nazi ideas.....Strange how that worked out ???

Fri, 01/17/2014 - 23:16 | 4343137 Lost Word
Lost Word's picture

Or vice versa.

Hitler following the Protocols of Zion.

Fri, 01/17/2014 - 16:28 | 4342006 UH-60 Driver
UH-60 Driver's picture

Why does everyone have "new" before their name?

FUc% Hitler.  Fuc% the system of control.

Fri, 01/17/2014 - 16:29 | 4342014 UH-60 Driver
UH-60 Driver's picture that a new upgrade to the site?  Double negative?  Pun?  ehhhh.....

Fri, 01/17/2014 - 17:01 | 4342116 LFMayor
LFMayor's picture

Betty Grable.  nice gams!

And you can spell out fuck if you want to.  We're down wid it.

Fri, 01/17/2014 - 16:36 | 4342040 JR
JR's picture

According to the normally circumspect banker at the time, Hjalmar Schacht: “The Treaty of Versailles is a model of ingenious measures for the economic destruction of Germany.” And so it was.

Here’s more about Schacht from the book Wall Street and the Rise of Hitler by Anthony C. Sutton:

* WaIl Street financed the German cartels in the mid-1920s which in turn proceeded to bring Hitler to power.

* The financing for Hitler and his S. S. street thugs came in part from affiliates or subsidiaries of U.S. firms, including Henry Ford in 1922, payments by I. G. Farben and General Electric in 1933, followed by the Standard Oil of New Jersey and I.T.T. subsidiary payments to Heinrich Himmler up to 1944.

* U.S. multi-nationals under the control of Wall Street profited handsomely from Hitler's military construction program in the 1930s and at least until 1942.

* International bankers used political influence in the U. S. to cover up their wartime collaboration.

We find persistent recurrence of the same names Owen Young, Gerard Swope, Hjalmar Schacht, Bernard Baruch, etc.; the same international banks: J. P. Morgan, Guaranty Trust, Chase Bank...

This group of international bankers backed the Bolshevik Revolution and subsequently profited from the establishment of a Soviet Russia. This group backed Roosevelt and profited from New Deal socialism. This group also backed Hitler and certainly profited from German armament in the 1930s. 

The financial elite knowingly and with premeditation assisted the Bolshevik Revolution of 1917 in concert with German bankers. After profiting handsomely from the German hyper-inflationary distress of 1923, and planning to place the German reparations burden onto the backs of American investors, Wall Street found it had brought about the 1929 financial crisis.

Concludes Sutton: “In brief, we now have to consider and debate whether this New York-based elitist Establishment is a subversive force operating with deliberation and knowledge to suppress the Constitution and a free society.”

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