Natsoc economics

In Nazi germany banks were not allowed to charge interest rates. How was this possible?

Other urls found in this thread:

youtube.com/watch?v=hTbvoiTJKIs
aryanism.net/politics/national-socialism-basics/
counter-currents.com/2011/10/what-is-money-for/
counter-currents.com/2012/12/abc-of-economics-1933-part-1/
counter-currents.com/2012/12/abc-of-economics-1933-part-2/
counter-currents.com/2012/12/abc-of-economics-1933-part-3/
counter-currents.com/2012/12/abc-of-economics-part-4/
counter-currents.com/2012/12/abc-of-economics-part-5-and-conclusion/
youtube.com/watch?v=OQWMd_NPSBA
twitter.com/SFWRedditVideos

they removed the juden

Interest is Usury, creating money out of nothing in order to gain leverage over people, mainly a tool to put governments in debt to a certain group of international banks, see fractional reserve banking of today.

By it being not true and you being an oblivious newdditor

How did loans work then? We're banks just run by the state and funded by taxpayers?

It wasn't, and it was and is impossible.

Yes

Why would anyone lend out money if they didn't make money doing so?

You aren't creating money out of nothing, you are putting your money at risk by loaning it to someone and the interest is your fee.

k then
I guess that could work

>Nazism
>Logical Ecomomics

Pick one.

Banks create money out of nothing, so abolishing interest is as simple as writing a law

>trying to speak rationally with a zeitgeistfag

Also the triggered libergtards in this thread are hilarious

>mfw usury

>In Nazi germany banks were not allowed to charge interest rates.

false

> How was this possible?

it isn't. The interest is the price for the good called money/currency.

A labor certificate known as a reichsmark was issued for the equivlant amount of labor as far as I know. The bank was directly controlled by the National Socialist party.Why not? Banks today already create money out of nothing the only question is the motive and goal of the bank, is it to facilitate commerce of the nation? Or is it to extract profit without having to do any work? Fractional Reserve banking creates money from nothing by loaning money that was created electronically or printed with nothing backing it

They wouldn't. Instead they'd directly invest in the enterprise.

Labor backs FIAT currencies. GTFO "muh gold reserves!!!" fag.

>writing a law
Ok. Law written and passed.
Now you have no banks at all.

While at that, why not write law that makes everything at shops free?

A bank would go under if it didn't charge interest. I suppose the state ran it in Germany. Reminder: Nation Socialism isn't Socialims....Nationalist banks is DEF not Socialism.

>go from Haiti tier to the strongest country on earth in 5 years
>flag

There is a reason why noone but stupid naziboos think the nazi german economy was good

They will cry at me saying this but all it was, was a giant New Deal plan mixed with communist tier regulations on the financial sector

Its hilariously bad

it is possible, it may be very low.

if it is low then it creates enormous debts and trade disbalances.
party elite starts to manufacture goods that are not demanded by market.
with each turnover their companies accumulate money that cant be put in bank.

it creates extreme preasure on gold, human herd and real assets
thats why hitler started killing jews and invading other countries - to get gold and real assets (lebensraum) to feed his ponzi scheme

it is one of the reasons why nazi germany was close to collapse and hitler started world war.

as a system is was public, not private. Interest is only necessary when the lender needs to make personal gain from the transaction. A public system can see the gain in terms of increased economic health of the country through lending to individuals. Money can be created in the process just as we do in our private fractional reserve system, except that it need not have the fractional reserve ties. The cost and risk of giving that loan is basically socialized by simply being inflation of current money in the system. In our system we have that socialization of costs, but the private gains still exist.
So, the national socialists solved the (((banking))) problem by cutting out the middlemen.
Remember, after the Weimar collapse the national socialist government introduced a new currency directly produced by the state with no private interests involved. It was initially distributed by the massive public works projects such as the autobahn.

"Im too fucking retarded to understand how a floating exchange rate works so it must be worth nothing"

-t. You

>We're banks just run by the state and funded by taxpayers?
yeah? thats what fascism basically is. More specifically its a melding of private and public entities. Unlike commies they have some resemblance of autonomy but govt can dictate rules and actions. Its like a super safety net on the free market.

*Did you mean: Command Economy

No private banks.
Nothing prevents state owned banks, which running costs are supported by tax.

If anyone has any questions, I'll try to answer them. I'm an econfag and have done a fair amount of study into banking systems and historical economic thought and practice.

NS privatized state owned banks though

you describe USSR.

it creates ponzi and cements social hierarchy

if you cant put money into deposit then whole process of accumulation has no sence

if you have no interest rate then holding money in bank has no sence, it creates inflation and black market. in responce government makes money reforms to confiscate big ammounts of cash

in responce people go to gold, usd etc

in response government kills or imprisons people that try to obtain normal currency

if government imprisons you for attempts to get rich then hard work loses any sence

OK, I know nothing of the banking world, how exactly did the reichsmarks carry value? Commodity backed currencies I can understand, fiat currencies i could never understand. Also calls it a "labor certificate" what does that mean? currency backed by physical labor?

>*Did you mean: Command Economy
to an extent, idk if they would both be put under that umbrella. There is free market in Fascism but it can be switched to command at any moment. Its to protect the state and citizens but also direct the market as opposed to commies who literally just control it.

Did this system produce any drawbacks for Germany during the war?

>Remember, after the Weimar collapse the national socialist government introduced a new currency

except they didn't. See, it says issued according to the 1924 (Weimar) Reichsbank law.

recommended reading to explain fed reserve/central bank pyramid scheme and fractional reserve usury? is there such a book that is well-sourced and academic?

...

my friend says hitler ruined germany's economy bc foucault said it somewhere. is this true?

did hitler objectively improve germany's economy? i want to be able to successfully defend that position if so

It's a currency backed by Workforce instead of Gold or Nothing.

During the jewish boycott from international Trade in 1933, das Reich had to trade goods vs goods because the Reichsmark wasn't backed by gold.

What I was about to ask. Or just a primer list on economics in general.

bruh..

Oy vey why would I loan you money for free?

watched this?
youtube.com/watch?v=hTbvoiTJKIs

this proves nothing. the mechanism behind the currency could very well have changed in 1933. just because there is the same name doesnt mean its the same currency or reated in the same manner.

personally im ignorant on the subject, just pointing out the logical fallacy there

Yes exactly it was currency backed by labor.

aryanism.net/politics/national-socialism-basics/

Being storage for money is not a real job.

Wir verbannten das Böse

no i'll check it out. thx

>personally im ignorant on the subject
Oh it shows. Asking someone who agrees with you to confirm your bias instead of basing your opinion on the facts might be the cause

But how does that work? Who measures the labor? Who decides its worth? What about mental labor? A software engineer doesn't do physical labor, neither does a general physician.

the mechanism behind the two Fiat currencies circulating in the II Reich, Reichsmark and Rentenmark, weren't changed. What NS eventually did was printing much more, making the Reichsmark worthless.

Germany was the second largest economy in the world during weimar republic

point out where ive done any of that...

also how is asking for real sources not facts?

furthermore, "foucault said that.." isn't exactly a logical argument. its an appeal to authority, and not even a relevant authority at that

>It's a currency backed by Workforce instead of Gold or Nothing.

prove it. (it sounds like Gottfried Feder)

IIIrd I mean

>point out where ive done any of that...
here
>did hitler objectively improve germany's economy? i want to be able to successfully defend that position if so

In this thread. Why don't you read the Federal Reserve law instead of asking 17-old youtubers to explain how it is a pyramid sheme?
Hint: It doesn't work like you think it does

The currency is was backed by labor and the state decided the price you were paid according to your work, as the state was the one who was responsible for printing the currency they were deciding the value of the currency too

>if so

in other words: if that's the case, i'd like to be able to successfully defend that position with evidence.

if it's not the case, i'll continue to NOT argue in favor of it

i haven't pretended to know anything, just that my friend said foucault said blah blah blah, which didn't seem factual to me (rather sour grapes on the part of foucault [he was gay commie, pro jew etc]), but, not having any evidence one way or the other, i didn't argue anything. now im simply asking for evidence if so.

is asking for evidence really a form of "confirmation bias" in you libtards malfunctioning """"""brains?""""

counter-currents.com/2011/10/what-is-money-for/

counter-currents.com/2012/12/abc-of-economics-1933-part-1/
counter-currents.com/2012/12/abc-of-economics-1933-part-2/
counter-currents.com/2012/12/abc-of-economics-1933-part-3/
counter-currents.com/2012/12/abc-of-economics-part-4/
counter-currents.com/2012/12/abc-of-economics-part-5-and-conclusion/

Taxpayers would still fund loans tho.

and then came the treaty of versailles after we lost ww1.
10 Merkels couldnt cuck us as hard, as that fucking treaty.

> Not understanding the fundamental difference between loans given to nations and the subsequent loans handed out to the citizenry.

Learn to distinguish between the 'fractional' and the 'reserve'.

>Nazi Germany's economy is bad
Explain to me how it held out for 6 years against half the world and had the opportunity to win twice

why not do both? it's a good suggestion to read the full text, but it's also probably not the most efficient path for a layman to understand it. a layman could ask a classical musician to explain how/why beethoven was or wasn't the greatest classical composer ever, and you'd tell him..."in stead of confirming your BIASED OPINION, why not go pick up the full scores of beethoven, bach, mozart, palestrina, strauss, wagner and brahms' greatest works and figure it out FOR YOURSELF!!!!!"

see the problem there?

>during Weimar

Don't you know what weimar republic is? hint, it's between WW1 and WW2

>10 Merkels couldnt cuck us as hard
Germany got a pretty good deal, much better then the deals Germany wanted to impose on the French and Brits

>had the opportunity to win
Delusional. Read up on the numbers of Allied manpower, military hardware and supplies versus the same numbers for the Axis. They were dwarfed.

taxpayers today still fund banks

OK but how is the labor measured/quantified? and how is relative value set? Say the labor value of a eye doctor vs a skin doctor?

>tfw waiting for libtard leftshits to explain germany's military dominance against 100x the population/resources without admitting any biological racial differences at all

this should be good

Banks were nationalized and not for profit. This is possible when you kick out globalism and the money hungry Jews.
Wrong.

> Literally any other political ideology.
> Logical Economics.

You must pick one. Economics is simple my blue pilled friend.

Remove Juden, remove interest, base currency on value and not privately held debt.

Invest in public infrastructure, while stimulating the economy at the same time, simply by having control over the creation of currency.

The truth is, the thing that doesn't work is being a Jewpet and a debt slave.

>Explain to me how it held out for 6 years against half the world and had the opportunity to win twice
you use commie argumentation

USSR held 71 years against whole world and nazis. they helped africa, asia and other shitpeople for the sake of "communism"

it had oportunity to win twice, they should have continues to use slave labor to accumulate gold. under protection of nukes they could accumlate all gold in the world in 50 years.
or they could nuke the world...victory!!!

But communists remains shit. same as national socialism.

if allies wanted germany destroyed within a year they could do it, but they would suffer much heavier casualties and take needless risks

DO you hear what you are saying? You dumb fuck. Money is not a good, it is a currency.

Well it shouldn't be, but it has become one. The greatest fraud of all time is that nations must 'buy' the right to currency from international jewish owned banks.

I mean the real pivotal points in the war, Dunkirk for obvious reasons and if the germans didnt stall the offensive by 3 months (iirc) they could have feasibley taken out the USSR and acqustioned their factories and resources with Finlands help

still waiting. Well?

Paper Promises: Debt, Money, and the New World Order

by Philip Coggan

It's got an excellent overview of why our system exists as it does.

>germany's military dominance
Only because of the cowardly surprise attack. After the battle of Moscow the Soviets were already a superior fighting force.

>gainst 100x the population
The axis block had much more population then USSR. Twice as much iirc

The currency was backed by labor, why do you need the quantification is beyond me

>How did libya or the whole islamic world work without interest rates

>germany's military dominance
No, you still don't understand... Germany very briefly dominated France, North Africa and Eastern Europe. Then it very quickly went very badly for Germany. It was never a question of racial superiority, they just didn't have the goods to win a war against the British, Americans and Russians. Not even close.

>Dunkirk for obvious reasons
That was a massive blunder but acting correctly would not have meant victory.

>they could have feasibley taken out the USSR
I don't think so desu.

the reich seriously could have won if Hitler wasn't a delusional fucking retard. its almost like he was put in there by (((them))) as a final way of destroying Germany and forever implementing the jew victim forever in everyone's minds. How could you be so autistic to actually cancel the production of the first assault rifle, that would have won the war in russia months before winter.. Or maybe when he cancelled the FIRST JET in 1943.

Seriously, Hitler was obviously a Jewish puppet on their way to owning the world. I mean, if you look back - WW2 was the beginning of Jewish supremacy, caused by Hitler. (((who))) could have been behind that??

>if allies wanted germany destroyed within a year they could do it
No I'm sure the allies just left them in control of most of Europe for shits and giggles

1 hour of labour = 1 reichsmarks.

Is labour valuable? Yes.

>Wait... user. Are you saying once you have control of the currency you can print money while creating value.

The real redpill awaits.

>Islamic world works without interest
No such thing user

All this.

Having the govt in control of the bank/businesses, but not actually running them, makes sure that nobody is going to pull the shit that we've got going on here. But if the bank/business is actually still there doing its job then they manage it more effectively than a communist state would by handing it 100% over to the govt.

And in a facist state if you are trying to do the enron and bail out shit like we do here (or even trying to start gearing it towards that), they can straight up shoot your ass for it. None of this white collar 5 years in minimum security prison shit, this is a crime against the state (and it really is)

So nobody would do that there.

They conquered continental Europe in a year

Isn't it the same in Islamic countries (and the Christian back then)?

Interest is repayment for giving people the opportunity they otherwise would not have.

Are you retarded? I don't want to have to insult you and therefore run the risk of pushing you away from the redpill but come on, man.

They went from Greek level bankruptcy to a world superpower. World jewry had to unite its pets to stop its rise.

>Economics is simple my blue pilled friend.
>Remove Juden, remove interest, base currency on value and not privately held debt
>Invest in public infrastructure, while stimulating the economy at the same time, simply by having control over the creation of currency.
so your genius idea is to have publicly controlled financial service, while 'stimulating' the economy through inflationarly public spending?
can you point to a country, economic theory or economic paper that says any of these are good ideas? theres usually a good fucking reason for such large things as how public finance and central banking is structured, and its not muh juden.

It didn't matter though. They couldn't hold it for more than a couple years. Their U-boats were all sunk, their airforce disappeared, their army didn't make it a third of the way through Russia.

The only REAL hope for Germany was to make a separate peace with the Western Allies and concentrate everything they had against Stalin, but the Western Allies were not the least bit interested in such a deal by the time Germany realized this.

>DO you hear what you are saying? You dumb fuck. Money is not a good, it is a currency.

Money is a good yes, it is traded just like any other good, if it is in demand, the price (interest rate) rises.
What we colloquially call money today indeed is currency, but no money, it doesn't fulfill the basic requirements of money - more here:
youtube.com/watch?v=OQWMd_NPSBA

this proves nothing
why countersignal when you obviously know nothing of discrete economics?

See >But how does that work? Who measures the labor? Who decides its worth? What about mental labor? A software engineer doesn't do physical labor, neither does a general physician.

and >OK but how is the labor measured/quantified? and how is relative value set? Say the labor value of a eye doctor vs a skin doctor?

See, you are an idiot. Because you are arguing within the context of an international banking system. ie printing money = inflation

Natsoc just care too much. Be like the jews and fuck over everyone you know. Only the best will be left.

from the ashes, we will rise