The Rise of the Third Reich
Chapter 112 Currency War 11
On June 1, 1923, Hersmann ended his trip to the Ruhr area and returned to Berlin. He spent 200,000 marks on a loaf of bread near the train station, and then spent another 250,000 marks on a taxi and went straight to his residence in the Charlottenburg district.
It has now become a gathering place for "conspirators", and the surrounding area is closely monitored by Stasi agents, and a squadron of Miuta special forces are lurking in several houses around. It can be said that it is foolproof.
When Hersmann returned home, many people had already arrived in advance and were drinking coffee in the spacious and luxurious living room while discussing the way out for the country. They are the leader of the Nazi Party, Hitler, the co-chairman of the Democratic Party, Dr. Schacht, the co-chairman of the Fatherland People's Party, Stresemann, the co-chairman of the Catholic Central Party, Brüning, the union leader of the Catholic Central Party, and MP von Papen, Dr. Haushofer, the chairman of the Industrial Promotion Committee, and Colonel Schleicher, the director of the General Staff Political Department.
Although the leading figures of the "conspirators", such as Ludendorff, Hindenburg, and Seeckt, did not show up, today's meeting is extremely critical.
"No, we should not give the enemy a chance to breathe! The time to overthrow the Ebert government is ripe, and then delaying is not right. What if he dissolved the parliament? We can overthrow him with street protests. Just like Mr. Mussolini did in Italy! I can immediately go to Munich to mobilize the masses to overthrow the Ebert government!"
When Hersmann walked into the reception room, Mr. Adolf Hitler was talking loudly. Although he was a member of parliament, he had little interest in majority voting. Instead, it was the National Fascist Party's action to seize power in Italy last year that made him see the hope of the country.
Seeing Hersmann come in, Hitler seemed to have seen a comrade, and he went up to hug him very enthusiastically.
"Ludwig, you're just in time!" Hitler held Hersmann's hand, "Tell me, should we act immediately? Should we give a sinner like Albert the opportunity to continue to harm Germany?"
"The Allies will not agree to the conditions proposed by the caretaker government," Stresemann seemed to disagree with Hitler's opinion, "As long as the government hits a wall, we can win a landslide victory in the next election. Albert will have no choice but to resign then!"
"Maybe the Allies will support him!" Hitler shouted, "They need Germany to remain weak. In fact, the wealth they have plundered from Germany in this currency war has far exceeded 100 billion gold marks! Now no matter who you are, as long as you have a few dollars or pounds, you can live like a king in Germany! They can buy everything from us with paper. Shouldn't we stop this unreasonable system immediately? If we agree that Albert's traitorous government will continue to exist for two months, the German people will suffer huge losses! I will never allow this to happen!"
Hitler was telling the truth! The result of the collapse of the mark was a sharp drop in German asset prices! A few dollars and pounds have now become "huge sums". The properties, antiques, minerals and factories that were once priceless are now worthless in terms of US dollars and British pounds.
For foreign capital, this is simply a carnival of depriving the German people of their wealth! And the ones who benefited the most from it are, of course, the Jews who are experts in finance...
"Mr. Hitler is right! We should not give the enemy more time, and we must overthrow the Ebert government as soon as possible."
Hersmann glanced at Hitler, nodded heavily, and expressed his support for him.
"Ludwig, you want to launch a military coup!?" Colonel Schleicher was surprised and shouted loudly.
A coup is not in the military's plan! The current German army has a total of 200,000 people, and it is barely enough to suppress the domestic situation. If the Allies intervene, things will be out of control.
"No, a military coup cannot be launched!" Hersmann shook his head. If a military coup can be launched, why do so many twists and turns?
He glanced at Hitler, "But just because we don't take action doesn't mean the National Socialist Workers' Party can't take action!"
"Like the Fascist Party?" Colonel Schleicher still shook his head. "That can't happen in Germany!"
If Germany is to see a fascist ruling situation, France will most likely interfere.
"Not exactly the same." Hersmann said, "You can use revolution to force Ebert to resign. According to the constitution, Mr. Guno will be able to act as president."
The caretaker prime minister and acting president! It's better to just hang a "puppet" sign, and the army will definitely be in power at that time.
Hersmann added: "Then we can use the state of emergency to govern the country before the parliamentary elections."
In this way, a provisional government with a term of only two months can be established! This provisional government will be actually controlled by the Honorary Officers Corps and can use the presidential state of emergency to issue decrees. For example, implement rationing, foreign exchange and gold controls, and capital flow controls!
This temporarily cuts off the plunder of German wealth by international financial capital, and also gives Germany a bargaining chip to negotiate a solution to the currency crisis-after all, Germany is not the Soviet Union, and it is impossible to become a planned economy in one step. The question now is how much of the planned economy should be in Germany's economic life?
And this issue must now be discussed with the United Kingdom and the United States.
Hirschman glanced at Dr. Schachter. Shaht nodded, "It is necessary to implement a monetary policy pegged to the pound or the dollar, and we must also borrow from foreign countries to repay the reparations."
His plan is no different from what the Abbott government is now proposing, and Hirschman is not satisfied with it either.
"We should not use loans to repay reparations." Hessmann said, "I don't agree with this plan. I think compensation should be paid in kind. The loan borrowed from Britain can be used as a guarantee for the issuance of new marks.
At the same time, we raise funds through the issuance of long-term bonds to mine coal, timber, and produce steel, aluminum, ships, aircraft, automobiles, cement, and petroleum products. These are then handed over to France, Britain, Belgium, Luxembourg and Italy. "
"Why are we doing this?" Hitler obviously didn't understand what Hersmann was thinking.
“I want to keep production capacity and jobs in Germany,” Hessmann explained. “In order to deliver those things, we have to develop our production, build new factories, mines, use more advanced machinery and equipment, hire and Training more workers and engineers will increase our power while also costing our enemies some industrial capacity."
The ability to produce coal, steel, aluminum, ships, aircraft, automobiles and petroleum products will become war capabilities after 1939!
Therefore, it is much more cost-effective to produce an additional 100 million pounds or 150 million pounds of heavy industrial products each year and give them to the French than directly giving gold and foreign exchange, and it is also theoretically defensible.
Because what countries such as the British, French and Rupees lost in the war was not gold, but fixed assets and various supplies. Now it is completely reasonable for Germany to compensate for things and materials that can be used to build fixed assets.
Moreover, Hessman is still sure to influence the leftists in Britain and France through the Third International - what the people lose are the items needed for production and life, but the imperialist government just wants to get gold from Germany and put it in the central bank. treasury. This is imperialism that disregards people’s livelihood!
"Theoretically it's possible!" Schachter agreed with Hirschmann. "If we are willing to surrender to the British, the British will support this plan because it is also good for them. In the future, any trade surplus achieved by German industry will become gold reserves in the Bank of England."
"Okay, I agree!" Hitler shouted, "Then I will go back to Munich now to launch a revolution. I must..."
"Wait!" Hersmann suddenly interrupted the Führer who was about to make a long speech. He said very seriously, "Mr. Hitler, this revolution is for compromise rather than for the Nazi Party to come to power... because the current Germany cannot withstand civil war. It is even less possible to fight a world war. The only thing the Nazi Party can gain after the Munich Revolution is more parliamentary seats, and as a leader of the revolution, you may have to stay in jail for a few days. Your life in prison will be very comfortable!"
"It doesn't matter, I'm not afraid of going to jail!"
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