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If you look at the historical map of the situation in Europe in June 1941, anyone will think that Adolf. Hitler did a remarkable thing. With the exception of the European parts of Great Britain, Switzerland, Sweden, Portugal, the Soviet Union, and Turkey, all of Europe had become spheres of influence of the Axis Coalition led by Germany, either under the direct rule of Germany, Italy, or by political forces that were subordinate to Germany or very pro-German.

This is the world of the 1940s, not the 21st century, when most European countries have been deindustrialized. These are subordinate to Adolf. Hitler's countries' combined industrial power is probably even more powerful than that of the United States, which claims to be the arsenal of democracy. And the combined population of these European countries must also far exceed that of the United States. That is, Adolf at the moment. Hitler had at his disposal a much larger production capacity (or at least comparable) and population than the United States. However, these productive capacities and populations did not exert their due strength in World War II.

There are many reasons for this, but one thing is certain: Hitler's regime did not make the most of Europe's productive forces and manpower the key to final victory when it drew up its plans to conquer the world!

In Hersmann's view, the key factors for Germany to win are two; in addition to properly handling relations with the Soviet Union, it is to give full play to the combat effectiveness of a Europe under the leadership of Germany -- because this is not a war in which Germany seeks world hegemony, but a struggle between Europe led by Germany and the United States for world hegemony.

Therefore, to integrate and give full play to the combat effectiveness of the whole of Europe, Germany should need to make great efforts to study and lay out.

In order to smoothly integrate Europe in 1941 and 1942, preparations and arrangements had to begin in 1931.

This time, Hersmann and Hitler went to Geneva together to attend the International Conference on Disarmament, which was to lay out the plans for 1941 and 1942.

"Prime Minister. The Great Depression now, the Great Inflation of the early 20s, and the world war that could happen 10 years from now all have only one purpose......"

As the train entered Switzerland, Hersmann was heading to Adolf. Hitler instilled the idea of currency war, "that is, to fight for the right to issue world money, who gets the right to issue world money." Whoever rules the world! ”

Participation in international disarmament conferences is a matter of attitude for Germany today, and even if an agreement is reached, it is a dead letter in the current economic situation – unemployment and low demand are the biggest problems that all countries, including Germany, have to face. Disarmament, on the other hand, will only increase the ranks of the unemployed, reduce the demand for weapons and equipment, and thus make the economic situation more dire.

"So at this Geneva conference, we should link the issue of disarmament with the issue of economics and the issue of currency." Hersmann walked back and forth in the gently swaying train car and exercised his muscles while discussing with Hitler the German strategy at the Geneva Conference.

The forthcoming international disarmament conference in Geneva is not the result of Hersmann's butterfly effect, but has existed in history. It is the policy of the "Notre Dame Labour Government" of the United Kingdom. Prime Minister MacDonald and most of his cabinet members believed that cutting military spending to maintain fiscal balance was the antidote to the Great Depression - in fact, during the years of the Great Depression, most of the world's governments saw it as the first choice for governments to cut spending rather than create demand.

And the act of the German Hitler government in issuing "bills of exchange for job creation" can definitely be described as deviant. As a result, the mark became a currency that was generally bearish, and if it were not for the fact that the Nazi Party came to power, Germany's Jewish financial elite had suffered - they probably accounted for 40 to 50 percent of Germany's banking sector - and the mark would have fallen so badly.

But Hitler's government had the means to control finance at home, but not outside Germany. Britain and France, in particular, were pursuing a policy of striking at the German economy - the British because of Germany's amendment of the Banking Act. In violation of the relevant provisions of the Keynes Plan, Germany's £180 million foreign reserves were frozen. France, on the other hand, stopped receiving coal from Germany (reparations) and demanded from Britain that Germany's foreign exchange reserves be used to offset part of the reparations payable by Germany.

It is clear that there is now a force within Britain and France that wants to create a second great collapse of the Mark. It was only because the Nazi Party-Juncker had established a fairly strong rule in Germany that this force's plot did not succeed for the time being.

"We should blame the lack of demand for economic problems," Hersman said, "so creating demand is the solution to the Great Depression...... This is something that we have been emphasizing in the past. We should enlist the involvement of Britain and France in creating demand. The action to save Europe came to the rescue. ”

"But do we need to worry about the economy of Britain and France?" Hitler said in a gloating tone, "I'd love to see them collapse!" ”

"Me too!" "It's certainly a good thing for us, but the way to save them could be a better thing!" ”

He paused, then said to Hitler with a smile. "Our £180 million net deposits with the Bank of England, a demand-generating European basic investment bank, will be part of the bank's capital. European countries such as the United Kingdom, France, Italy, Switzerland, the Netherlands, Austria, Belgium, Poland, etc., can participate and subscribe to a certain percentage of their share capital...... You can use gold foreign exchange or subscribe in local currency.

Once they become shareholders, they can lend money to the bank to build their infrastructure, such as roads, railways, airports, terminals, and so on. This is definitely a good way to create demand, and I believe that most countries will not refuse.

And to make it easier to manage, the European Basic Investment Bank will create a virtual banknote called the European Withdrawal Right. All contributions, regardless of the currency, are converted into 'European Drawing Rights' at a certain exchange rate. All loans will also be recorded in the form of 'European Drawing Rights', and after obtaining the 'European Drawing Rights', the lender will convert them into the currencies of various countries according to the situation and needs, but cannot be converted into precious metals such as gold and silver.

Countries can repay their loans using either the 'European Right of Withdrawal' or their own currency......"

Hersmann's proposed "European drawing rights" are in fact creating the euro, which is not easy, but it is not impossible. At this stage, the key is whether the "European drawing rights" can be successfully transformed into the steel, cement and machinery needed to carry out the infrastructure.

In this regard, Germany happens to have a strong spare capacity -- to put it in layman's terms, countries that need to borrow money from the European Basic Investment Bank to build infrastructure, after obtaining the European right of withdrawal, must "depending on the situation", that is, to find a country that is willing to exchange its own currency for the right to withdraw from Europe. Then we buy the materials needed to build the infrastructure from the country. And this country that is willing to give the European withdrawal right is Germany, and Germany also wants to be the country that pays the most equity capital to the European Basic Investment Bank.

"£180 million is all invested in the European Basic Investment Bank...... Philip, what do you think? ”

British Prime Minister John McDonald asked Chancellor of the Exchequer Philip at his weekly cabinet meeting. Snowden, "Is this a good idea?" ”

Yesterday was the opening day of the International Conference on Disarmament in Geneva. Henderson sent news to London that the Germans were planning to set up a European basic investment bank to save the European economy......

"Yes for Germany, £180 million can be avoided." Philip. Snowden is a very conservative chancellor of the exchequer and should really go for the "Conservatives" and not for Labour. "It's actually a good thing for us, second only to us confiscating all the money."

£180 million for the British government to be the sole proprietor of £180 million is certainly good, but it is impossible. Since Britain is not the only country claiming reparations from Germany, the money should be distributed according to the proportion of the reparations to which each country is entitled. Most of this will be given to France and Belgium, and it is likely that France and Belgium will convert it into gold and withdraw dollars from the United Kingdom.

"So can we borrow money from this European basic investment bank to create jobs?" As Undersecretary of the Seals and Employment, Oswald was a more radical on fiscal issues. "Unemployment in Germany has improved, can we imitate them to a certain extent?" ”

"It's not going to work!" Macdonald shook his head, "At present, the vast majority of economists in Britain believe that public spending should be cut sharply, and the Conservative Party agrees...... And George. The committee of Sir May (a confused financial expert who has been commissioned by the government to review the state of public finances) also believes that spending should be cut. ”

"Why don't the Germans have such commissioners?" Oswald. Moz asked in a sour tone.

"So their Mark will collapse again!" Ramsay. "Irresponsible fiscal policy can only make economic data look better in the short term, but the cost is catastrophic!" He smiled confidently, as if he really understood economics. I think we can agree with the Germans that we could set up a European Basic Investment Bank, but the headquarters of the bank should not be in Germany, preferably in London, or in Geneva. Moreover, the Bank of England must be the largest shareholder of the European Basic Investment Bank, because this bank cannot be controlled by the Germans, so the Bank of England has to contribute 200 million pounds! ”

[It's about to be 515, I hope to continue to hit the 515 red envelope list, and the red envelope rain will be able to give back to readers and promotional works on May 15. A piece is also love, and it must be better! (To be continued.) )