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Soros Mimics Hitler’s Bankers: Will Burden Europeans With Debt To ‘Save’ Them

Soros Mimics Hitler’s Bankers: Will Burden Europeans With Debt To ‘Save’ Them

Via GEFIRA:


After the Second World War, many economists racked their brains to answer the question of how Hitler managed to finance his armament, boost the economy and reduce unemployment.

Today his trick is well known. The economic miracle of Führer’s time became possible thanks to the so-called Mefo promissory notes.

The notes were the idea of the then President of the Reichsbank, Hjalmar Schacht, and served not only to finance the armament of the Wehrmacht for the Second World War, but also to create state jobs, which would otherwise not have been possible through the normal use of the money and capital markets, i.e. the annual increase in savings in Germany.

The Reich thus financed the armaments industry by accepting notes issued by the dummy company Metallurgische Forschungsgesellschaft GmbH (hence the name Mefo) rather than paying them in cash. The creation of money was in full swing from 1934 to 1938 – the total amount of notes issued at that time was 12 billion marks. The Reichsbank declared to the German banks that it was prepared to rediscount the Mefo notes, thus enabling the banks to discount them.

Because of their five-year term, the redemption of notes had to begin in 1939 at the latest. This threatened with enormous inflation. Since Schacht saw this as a threat to the Reichsmark, he expressed his doubts about the Reich Minister of Finance. But it did not help, and Schacht was quickly replaced by Economics Minister Walther Funk, who declared that the Reich would not redeem the Mefo notes, but would give Reich bonds to the Reichsbank in exchange. At the time of Funk, the autonomous Reichsbank statute was abolished, the Reichsbank was nationalized, and inflation exploded in such a way that Mefo notes with a circulation of 60 billion Reichsmark burdened the budget in post-war Germany.

George Soros also proposes such a money flurry in the style of Schacht and Funk.

Soros is dissatisfied with the current EU refugee policy because it is still based on quotas. He calls on the EU heads of state and governments to effectively deal with the migrant crisis through money flooding, which he calls “surge funding”.

“This would help to keep the influx of refugees at a level that Europe can absorb.”

Can absorb? Soros would be satisfied with the reception of 300,000 to 500,000 migrants per year. However, he is aware that the costs of his ethnic exchange plan are not financially feasible. In addition to the already enormous costs caused by migrants already in Europe, such a large number of new arrivals would add billions each year.

Soros calculates it at 30 billion euros a year, but argues that it would be worth it because “there is a real threat that the refugee crisis could cause the collapse of Europe’s Schengen system of open internal borders among twenty-six European states,” which would cost the EU between 47 and 100 billion euros in GDP losses.

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Soros thus sees the financing of migrants and also of non-European countries that primarily receive migrants (which he also advocates) as a win-win relationship. He calls for the introduction of a new tax for the refugee crisis in the member states, including a financial transaction tax, an increase in VAT and the establishment of refugee funds. Soros knows, however, that such measures would not be accepted in the EU countries, so he proposes a different solution, which does not require a vote in the sovereign countries.

The new EU debt should be made by the EU taking advantage of its largely unused AAA credit status and issuing long-term bonds, which would boost the European economy. The funds could come from the European Stability Mechanism and the EU balance of payments support institution.

 “Both also have very similar institutional structures, and they are both backed entirely by the EU budget—and therefore do not require national guarantees or national parliamentary approval.“

In this way, the ESM and the BoPA (Balance of Payments Assistance Facility) would become the new Mefo’s that could issue bills of exchange, perhaps even cheques for Turks, Soros NGOs. Soros calculates that both institutions have a credit capacity of 60 billion, which should only increase as Portugal, Ireland and Greece repay each year the loans they received during the euro crisis. According to Soros, the old debts should be used to finance the new ones in such a way that it officially does not burden the budget in any of the EU Member States. The financial institutions that are to carry out this debt fraud must extend (indeed – cancel) their status, as the leader of the refugees expressed such a wish in his speech.

That Soros is striving to replace the indigenous European population with new arrivals from Africa and Asia is clear to anyone who observes its activities in Europe. The question is: what does he want to do this for and who is the real ruler, behind him, the real leader?

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dave patterson
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dave patterson

The Duran is usually pretty ‘on’ with your stuff, but you’re right off the rails here. Think about ‘ the normal use of the money and capital markets’ during the early 1930s all over the western world – massive depression, and all the ‘learned economists’ etc wringing their hands in (feigned) helplessness. What the ‘normal money markets’ do is allow the private commercial banking sector to create ‘money’ as debt out of thin air, and charge interest on it, the greatest ponzi scheme of all time – the same bankers can create inflation or depression at will by manipulating the… Read more »

penrose
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penrose

Yes sir, Mr. Patterson. If a government can issue a bond on which it pays interest to the mysterious “bankers,” why not just create the money itself free of interest from the start. ………….. “If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but… Read more »

Tjoe
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Tjoe

The trashing of the Wiemar debt money system and installation of “equity” money, in a controlled amount, but legal tender, spent into existence for value, was the key. The debt bankers hated it so, after it lifted all of Germany from abject poverty, they declared in the March 24, 1933 London Daily Express “JUDEA DECLARES WAR ON GERMANY”. You are right on about the Jewish debt money system….after some time, it funnels the wealth to the banker. I believe this very feature is a matter of time, is predictable and cannot be avoided….and why pogroms have happened in the past.… Read more »

Ole C G Olesen
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Ole C G Olesen

Come on DURAN ! As long as You will propagate the BLATANT LIE about National Socialist Germany .. Your statemnents will be DISHONEST and UNTRUSTWORTHY …Your effort is done exclusiveliy to EXCULPATE the ZIO SOVJET UNION … and is FALSE and will hit Your Country RUSSIA in the back , if You continue with this NONSENSE . Every Person with Historical KNOWLEDGE ..knows this … even President Putin has stated it, a fact which makes me ADMIRE HIM .. and which shows that he doesnt build on CLAY ! The ZIO ANGLOSAXON BANSTERS who controlled GREAT BRITAIN since 1694 and… Read more »

Isabella
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Isabella

“That Soros is striving to replace the indigenous European population with new arrivals from Africa and Asia is clear to anyone who observes its activities in Europe” Curious. Pure Coudenhove-Kalergi,whose society still runs and awards a bi-annual prize for the person who has done the most to attain the ends of the Count. This was to intermingle Africans with Europeans to obtain a population which would closely resemble the Egyptians of the Dynastic Era, with no national identity, no national characteristics, no sense of history or place. Thus they would be easily controlled as no-one would feel any sense of… Read more »

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