Chapter 136: Currency Wars VI
Hersmann drove, and Hitler sat side by side with his most hated Jewish billionaire, Val T. Rathenau, talking and laughing along the way. Maybe it was pretending, or maybe the FΓΌhrer didn't hate the Jews to the coreβthere were many people who didn't like Jews in Germany, but in Hersmann's view, at least before hyperinflation, there were certainly not as many Germans who didn't like Jews as there were Germans who didn't like the French, the British, the Italians, and the Americans.
But after hyperinflation, 59 million of the 60 million Germans have become proletariat! And at least half of those who have a few dollars left are Jews!
How could these Jews be so rich? It's a difficult subject to explain and easy to manipulate to deflect hatred.
As for the other half of the Germans, who were still relatively wealthy, they were mostly Hersmann, who belonged to the Junkers and the aristocracy. Not only do they have money, but they also have guns, which is very difficult to mess with......
The car was driven by Hersmann to Siemensstadt, an industrial area in Berlin where Siemens was building a production site before the war. There is a large-scale factory area, as well as a solemn office building, and a very neat and clean living area for workers.
He parked his car on the side of the street in the workers' district of Siemens City, which is lined with four- and five-story residential buildings that look a bit like the Soviet-style workers' new village in the later generations. The lower floors facing the street are all shops, but many of them have closed doors and no signs for rest, and they have obviously closed down, and even those that are still open are doing light business. There are not many items on the shelves, and the price tag is "expensive".
Some women in old clothes lingered in front of the shops selling food with their children, each holding an oversized purse stuffed with paper money that was depreciating every day. The men in their family are earning more and more money, but prices are rising even faster!
There are also some "broad people" here, with men in well-made suits and briefcases roaming the streets. If you look closely at the expressions on their faces, they are as miserable as the women of poor families. It's work time, and they're supposed to be in the office......
"It used to be a very lively street market, and it was lived by Siemens workers and their families." "Now a lot of middle-class people who used to have decent jobs have moved in, and the economic downturn has put them into the ranks of the unemployed, and inflation has wiped out their savings for many years, so they have to live in the working-class areas with relatively low rents," Hersman told Val T. Rathenau. β
Then he turned to Hitler and said, "Adolf, this is good news for you. β
Unemployment and inflation are bulldozing the German class!
The middle class and the petty bourgeoisie are becoming the proletariat. And these new members of the proletariat did not support the Social Democrats or the Bolshevik Party just because they were poor, which in their view must be responsible for the present catastrophe in Germany - and the new Nazi Party met their demands.
"Yes, the people are already nostalgic for wartime!" Adolph. Hitler said, "We fought for four years and three months, and the mark was devalued only by 50 percent." And in the last three weeks, Mark has fallen so much, and it continues to fall. β
"It's going to be fine, what we're going to talk about in Re N is saving the German economy." Val T. Rathenau frowned, he was tempted to go to the Kaiserhof Hotel, not because he was accustomed to luxury, but because he felt a danger here - he was the general manager of the electric company, and he used to come to Siemenstown, which produced power generation equipment, but never felt in danger.
But now, Val T. Rathenau always had a strange feeling: everyone here hates me!
"Mr. Senator, save Germany!"
"Mr. Councillor, let's think of a way!"
"Councillor, prices are going crazy, what should I do!"
When Rathenau heard these words, he hurriedly looked up. No one spoke to him, it turned out that Hitler the MP had walked into a small alley, and there were many people lining up in the alley - Rathenau did not know why they were lining up - and Hitler shook hands with them one by one, and seemed very enthusiastic.
"Hitler's parliamentarian lived here, and he knew those people well." Hersman then said to Rathenau, "He and they are his own people. β
"What? Did Mr. Hitler live here? Rathenau was stunned, "By the way, what are they lining up to buy?" Now there are no rations to supply......"
"Somebody is handing out free food here." Hersman smiled wryly and explained, "It's a charitable institution that belongs to the Catholic Church. β
Rathenau looked at the people in line, many of whom were dressed decently, which was unimaginable in the past!
Hitler's parliamentarians and his electors finally finished shaking hands, and the three entered a small restaurant with a deserted business. Hersmann asked for grilled salmon with a vegetable salad, Ratenau ordered a large steak and soup, and Hitler was a vegetarian. The three of them began to talk while eating.
"Everything will be fine after the Hot N Asian meeting, I promise!" Rathenau was a politician with a Jewish businessman, but he was genuinely interested in saving the German economy. "France's Prime Minister Briand is a reasonable man, and the British and Americans are willing to help...... Dr. Schacht would go to England and lobby his friends in London's financial circles to intervene. I think there will be a satisfactory result. β
"Surrender again?" Hitler shook his head, "This will not end well!" β
"What then?" Ratnau looked at Hitler, "War?" β
Hitler did not answer, but buried his head in his mashed potatoes.
"It is possible to pursue a wartime policy, as in Soviet Russia." "Foreign exchange and gold controls, import and export controls, capital flow controls, and rationing of necessities are imposed. β
"It is impossible," said Rathenau, "that even Soviet Russia would have had difficulty in implementing such a system." β
Hersman was stunned, "Why?" β
"I have friends in London and Paris," replied Rathenau with a smile, "and we Jews have some special channels and are therefore well informed." β
He said: "The British have decided: to demand that the Soviet government repay the debts of the Tsar and the Provisional Government and the local authorities, totaling more than 18 billion gold rubles, return or compensate the nationalized foreigners' property in Russia, abolish the foreign trade monopoly, allow foreigners to enjoy extraterritoriality in Soviet Russia, and let the Entente supervise the finances of Soviet Russia." β
"What? What the? Hersmann was amused by Rathenau's words, "Who do those Englishmen think they are dealing with?" China's Beijing government? That's the Bolsheviks of Russia! β
Rathenau shrugged, "That's it! If Russia does not agree, then it will not be accepted by the international community, and it will not want to enter the international trading system. β
"There's something wrong with the British, right?" Hersman commented.
"There's nothing wrong with them!" "Russian oil, timber and wheat competed with Britain (including the colonies)." Moreover, Britain and Soviet Russia have signed a trade agreement, and British products can be re-exported to Soviet Russia through Riga. Why did they even allow Soviet Russia to join the international trading system? β
"They'll regret it in the future!" Hersman shook his head.
The policies of the British after the First World War all looked like fools were making them, while the policies of the French were schizophrenic.
"Maybe, they regret that it has nothing to do with us." Ratnau laughed, "Count, you have a channel for contacting Lenin, right?" β
"Yes." Hersman asked rhetorically, "Are you going to meet secretly with the representatives of Soviet Russia in Renya?" β
"Yes!" "British policy has given us the opportunity to conclude a favorable treaty with Soviet Russia, and I should not let it go." β
"You're not afraid of the displeasure of the British?" Hersman asked, thoughtfully.
"Don't worry about the British," said Rathenau, "the British will have something to ask us for some time to come." β
"Asking us?"
Rathenau lowered his voice: "Do you know about the gold standard and the gold exchange? β
"Gold exchange is a fixed exchange rate between the currencies of European countries and the British pound, and the British pound and gold."
This is the prequel to the Bretton Woods system, where the protagonist has changed from the dollar to the pound!
There are now two currency wars, one is to defeat the mark; One is that the pound and the dollar are tearing apart.
"And Germany's attitude is very crucial!" "As long as we support the pound and peg the new mark to the pound, the pound will beat the dollar!" So Britain will not dwell on us on the issue of Soviet Russia. β
He glanced at Hitler, who had finished his lunch, and said in a somewhat smug tone; "That's why I agreed to join the Cabinet and go to the Hot N Asia Conference."
Hitler looked at Hersmann, who nodded: "Pegging to the pound can stabilize the exchange rate and inflation, and cooperating with Soviet Russia can stimulate production and obtain cheap resources...... Theoretically, the situation would change dramatically. β
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