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Hitler grasped fiat money

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Helsworth
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Post: #1
Hitler grasped fiat money


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04.05.2016 23:25
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Lee Lee
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Prayna
Post: #2
RE: Hitler grasped fiat money

That is very interesting. I wasn't aware of that. I guess I'll have to read up on Hitler's monetary plans.

06.05.2016 08:02
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Helsworth
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Post: #3
RE: Hitler grasped fiat money

Lee Lee Wrote:
That is very interesting. I wasn't aware of that. I guess I'll have to read up on Hitler's monetary plans.

I'm sure someone revealed it to him.


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06.05.2016 09:20
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Lee Lee
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Prayna
Post: #4
RE: Hitler grasped fiat money

Probably. Very likely indeed. Hitler wasn't the brightest, as far as I know. Yet, intelligence is a very relative term Smile

06.05.2016 10:12
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Helsworth
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Post: #5
RE: Hitler grasped fiat money

Lee Lee Wrote:
Probably. Very likely indeed. Hitler wasn't the brightest, as far as I know. Yet, intelligence is a very relative term Smile

The reason I say that is because he was occupied with other fields/subject matter.


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06.05.2016 11:46
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SAORSA
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Post: #6
RE: Hitler grasped fiat money

It would only have been natural for A.H. to assume the monetary policies that go along with creating and sustaining a fiat currency. After WWI, the rest of Europe's major powers (The Allies) stripped the Weimer Republic of is gold bullion which the "Goldsmark" was based. As the gold reserves were depleted to pay for the war debt per the settlement from Great Britain and France, which the debts were required to be paid for in hard assets and not paper currency. This then led the government to position the currency to be backed by the national resources and production which were also slowly being seized to repair the war torn parts of Europe (i.e. The Western Front - France). Upon assuming power A.H. really had no choice but to embrace the concept of fiat currency, and began to also bolster the national gold and foreign currency reserves to add some stability to the markets. Next came the seizing of production zones that were originally annexed by France, in order to reinstate the production capacity to stimulate trade. Many think the take back of the Ruhr was to test the seriousness of the allies statements on military aggression, which it was, but in fact was mainly done to jump start production to stimulate trade which would hopefully create a positive trade balance. Once the economy was stabilized and strengthened through the rebalancing of production, trade, and monetary supply, the benefits of utilizing a fiat currency is that central banks have much greater control over its supply, which gives them the power to manage economic variables such as credit supply, liquidity, interest rates and money velocity. Although it was a fiat currency, it wasn't quite independent of the "gold standard" system, or asset backed currency.

Hope this helps.

28.11.2017 22:30
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