Hitler's financial system was not drastically different than anything we have today. He had a state-run central bank. We have that in most of the world today.

Natsocs go off about muh "fiat currency" but that's exactly what Hitler had. A true gold standard had been abandoned years before he came into power and he didn't change that. He operated a purely fiat currency with no commodity backing.

This bullshit about "labor backed currency" was just a fancy way for Hitler to say fiat currency. You can't physically "back" a currency with "labor", meaning you can't redeem paper or coin money with "labor" at a bank. A bank can't give you "labor" in exchange for paper currency. What are they gonna do send six laborers to your house in exchange for paper currency? It makes no sense. You would simply buy labor in the economy with your paper, not redeem it at a bank.

What that means is that the labor of the workers and productivity of businesses (goods/services) is what's "backing" the FIAT currency like in every single modern economy today. There's no gold or silver standard anymore so the strength of the economy itself and people's faith in it is what gives value to the currency not anything else. That's what fiat is, that's what Hitler had and what we have now.

The Third Reich did not abolish "usury" as you can see here with the MEFO bills. They had a 4% interest rate paid out by the state.

They basically operated as government bonds to gain access to the cash reserves of big businesses so the German state could finance rearmament.

If there was no interest rate paid on these MEFO bonds, then no private company would have invested in them voluntarily. Nobody would just lend money to the state for nothing in return, unless forced to at gunpoint.

Full video

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Does any of this sound like "anti-Communism" to you?

“[Hiter] had become a vehement critic of the system of free enterprise and a confirmed adherent of the system of a planned, state-controlled economy.”
— Dr. Rainer Zitelmann, historian
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“[Hitler’s] concept of organized economy was close to genuine socialism”
— Dr John Toland, historian
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“It is now clear beyond all reasonable doubt that Hitler and his associates believed they were socialists, and others, including democratic socialists, thought so too.”
— Dr George Watson, historian
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“Another source of the Nazi Party’s popularity was its liberal borrowing from the intellectual tradition of the socialist left. Many of the men who would become the movement’s leaders had been involved in communist and socialist circles.”
— Götz Aly, historian
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“One final point of similarity between Nazi and Soviet policies should be noted, although its meaning is far from clear. Both governments reorganized industry into larger units, ostensibly to increase state control over economic activity”
— Peter Temin, economic historian
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“Government finances for state-owned enterprises rose from RM 4,000m. in 1933 to RM 16,000m. ten years later; the capital assets of state-owned industry doubled during the same period, and the number of state-owned firms topped 500”
— Richard Overy, historian

“Those [capitalist] firms and organizations that regularly engaged in large-scale political funding continued—right down to the last election prior to Hitler’s appointment as chancellor—to bestow the bulk of their funds on opponents or rivals of the Nazis.”
— Henry Ashby Turner, historian
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“The [Nazi] government tells these seeming entrepreneurs what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. The government decrees at what wages labourers should work, and to whom and under what terms the capitalists should entrust their funds. Market exchange is but a sham.”
— Dr Ludwig von Mises, economist

“the state, not the market, would determine the shape of economic development.”
— Ian Kershaw, historianㅤ
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“The [Nazi] government did place restraints on foreign exchange, imports and exports, prices, wages, and the allocation of labor. It determined the quantity and nature of what should be produced. Profits were limited and directed by the government back into reinvestment for expansion or for the acquisition of government bonds”
— Jackson Spielvogel, historian
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“The economic tendencies of fascist states… … would be more correctly described as anti-capitalist than capitalist.”
— Alan Milward, historian

@redideologies

Hitler:

> ordered the complete destruction of Moscow and St. Petersburg
> called for colonizing the East with German settlements even "beyond the Urals"
> Russians are "fit for nothing but hard work under coercion"
> Ukrainians were "every bit as idle, disorganized, and nihilistically Asiatic as Greater Russians"
> Slavs only understood "the whip"
> praised Stalin as "one of the greatest living human beings"
> British colonial rule in India was the model for German occupation of Russia
> Wanted to keep Slavs uneducated so they would function as little more than donkeys for work
> Crimea to be fully colonized by Germans

All of this confirms what Hitler wrote in Mein Kampf and what was revealed in Table Talks.

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Natsocs love to say that Communism and Capitalism are "two sides of the same coin"... but this is actually true of Communism and Fascism, both of which emerged out of Marxism.

Mussolini and all the leading intellectuals of fascism were Marxists before creating fascism as a national identity-flavoured variant of it.

Here’s what Mussolini said about himself:

> "It was inevitable that I should become a Socialist ultra, a Blanquist, indeed a communist. I carried about a medallion with Marx’s head on it in my pocket. I think I regarded it as a sort of talisman… [Marx] had a profound critical intelligence and was in some sense even a prophet." – Talks With Mussolini, Emil Ludwig, Pg. 38

Here’s what the other founder of fascism Giovanni Gentile said about it:

> "It is necessary to distinguish between socialism and socialism—in fact, between idea and idea of the same socialist conception, in order to distinguish among them those that are inimical to Fascism. It is well known that Sorellian syndicalism, out of which the thought and the political method of Fascism emerged—conceived itself the genuine interpretation of Marxist communism."

Here’s what the most prolific scholar of fascism A. James Gregor said of it:

> "[Italian] Fascism was a variant of classical Marxism, a belief system that pressed some themes argued by both Marx and Engels until they found expression in the form of ‘national syndicalism’ that was to animate the first Fascism."

Look into the personalities behind German National Socialism and you will find similar origins in the Marxist Left.

Marxism is a doctrine of anti-capitalism and fascism is also a doctrine of anti-capitalism, that takes the form of "National Syndicalism" (which was based on Marxism) where trade unions collectively control the industries and direct them from above in a similar way that the Soviets did. All fascism does is mix in identity politics (religion, race, ethnicity, flag, etc.) to their anti-capitalism.

So the truer statement is that Communism and Fascism are two sides of the same coin.

@MartinezPolitix

The MEFO scam.

The Nazi regime did not have the funds to pay back the firms who they borrowed from so they "forced banks to buy government bonds, seized money from savings accounts and insurance companies... and printed more Reichsmarks to meet the cash shortage, which resulted in inflation while exacerbating the shortage of raw materials".

Source: Killing History

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George Lincoln Rockwell acknowledged that fascism is little more than a (leftist) economic/political system of a corporative Total State paired with a socialist command economy and says that he wasn't one.

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The German state forcibly nationalized the iron ore deposits of private firms and created one giant state-run enterprise, the Reichswerke.

> "In a loud and aggressive tone he read out a prepared statement. German heavy industry had failed to develop one of the nation's prize assets. Hitler had given them four years, but they had wasted that time. Now, Goering had lost patience. His job was 'to throw down the saboteurs of rearmament and the Four Year Plan and to send them where they belonged [to hell]'.112 The state had shown itself capable of achieving dramatic expansion in the aluminium industry and the Luftwaffe sector. Now the same methods would be applied to steel. "

> "All private holdings of German iron ore deposits would be merged into a single state company. Three giant steelworks would be built on the ore fields. Salzgitter was to be the largest steel plant in the world. The shocked industrialists were then each handed a map showing the ore fields of their firms that were to be expropriated in the name of the new Reichswerke. Goering then read out a decree personally approved by Hitler, which authorized the forced sale."

- Adam Tooze, Wages of Destruction, Chapter 7, Pg. 236-237

@redideologies

The four year plan starting in 1936 effectively "eliminated the market mechanism". All of this is consistent with Soviet central planning, not a market economy.

> "At the rolling mills, orders for hundreds of thousands of tons piled up that could not be met for the foreseeable future. Under normal conditions the response would have been to raise prices.88 The Reich authorities, however, were desperate to avoid the scarcity of imported raw materials spilling over into general inflation. So, Gauleiter Wagner, who had responsibility for price control in the Four Year Plan, issued a blanket ban on 26 November 1936 pro hibiting any price increases.89 Formalizing a development begun in the early 1930s, this effectively eliminated the market mechanism as a means of regulating scarcity in the German economy."

> "The logical next step, as had already been acknowledged by the RNS in agriculture at least a year earlier, was the introduction of rationing, managing scarcity by bureaucratic allocation rather than the market process. Rationing of nonferrous metals was adopted in January 1937; steel rationing was imposed as of 23 February 1937.90 To clear the backlog with the rolling mills, all outstanding steel orders that could not be met by the end of April 1937 were cancelled. From the end of February, new orders for steel could only be placed on the basis of steel entitlements issued according to national priority as defined by the Reich Ministry for Economic Affairs."

- Adam Tooze, Wages of Destruction, Chapter 7, Pg. 231

Hitler admired Stalin and the communists and saw many similarities with himself

@redideologies

Hans-Hermann Hoppe explains that Hitler regretted supporting Franco in the Spanish civil war and mused that he should have supported the communists

@redideologies

Communazism

@redideologies

🇨🇳Communist Mao Zedong wanted to replace people's names with numbers and he had numbers sewn on the backs of his slave workers.

@redideologies

Fascists admit that socialism and fascism is slavery.

> "It is with this understanding that I propose, that countries like the Soviet Union, Maoist China, North Korea, Nazi Germany, and Fascist Italy essentially functioned as vast plantations. Here, the toil of the many disproportionately benefited a small number of powerful individuals, thus engendering a dynamic reminiscent of a master and his slaves. Just as we see the purest form of socialism mirrored in slavery, so too does socialism inexorably transmogrify into a form of slavery. Slavery and generic fascism seem to represent the most candid forms of socialism, whereas Marxism and Utopian Socialism seem somewhat bewildered in this vast ideological landscape."

... and they think that's a good thing!

@redideologies