Was Hitler's Barter System the Cause of WW2?
General Robert Wood testified that in 1936 Churchill
told him that
Germany is getting too strong and must be smashed. (p. 130).
For what reason? Bernard Baruch tells us. After an interview
with Rosevelt in September 1939, Baruch released a report to the
press in which he said:
"If we keep our prices down, there is no reason whp we
shouldn't get the customers from belligerent nations that they
have had to drop because of the war. In that event Germany's
barter system will be destroyed." (N.Y. Times, 14th Sept. 1939)
Germany was trying to escape the entanglements of world debt.
England was quite willing to lend money to buy raw materials but
Germany insisted upon exchanging goods for goods. Germany would
not be drawn into the system of increasing debt, booms and slumps.
The London Times stated that Germany's barter system made her an
aggressor in the world market:
"One of the fundamental causes of this war has been the
unrelaxing efforts of Germany since 1918 to secure wide
enough foreign markets to straighten her finances at the very
time when all her competitors were forced by their own debts to
adopt exactly the same course. Continuous friction was in-
Germany adopted a new monetary policy ... after which Ger-
many ceased to experience any financial difficulty."
In England the people suffer the burdens of heavy and increasing
taxation, but in Germany, the Times reports:
"Nothing is ever heard of the necessity of increasing tax-
ation, compulsory savings, or the issue of enormous public war
loans. Quite the contrary. Recently an important tax was
abolished. Public savings bank deposits touch new monthly
records again and again. Money is so plentiful that the interest
rate on Reich loans could recently be reduced from 41/2 to 4 per
These changes may well call for drastic readjustments in our
established conventions. A hidebound persistence in methods
and doctrines which were sound fifty years ago may easily
prove as costly in the financial and ecomomic field as actual
war. It might not lose the war; it would certainly lose the
peace." (London Times, October 11 and 12 and November 13,
"Germany was trying to break the credit ring of the money
monopolists by the force of economic sanity and that was un-
forgivable. She was acting like a worker who went on strike against
system which deprived him of adequate food supplies though he
as quite willing to exchange his labor to pay for them.
"In 1937 Hitler said:
'Germany will enter into no obligations to pay for her im-
ports than she is capable of fulfilling. The German Govern-
ment thus takes the standpoint of the respectable mer-
chant who keeps his orders in harmony with his power to
pay. We laugh at the time when our national economists held
the view that the value of a currency is regulated by the gold
and securities lying in the vaults of a State Bank; and more
especially we laugh at the theory that its value was guaranteed
thereby. We have instead come to learn that the value of a cur-
rency lies in the productive capacity of a nation.
"The world financial monopoly stood aghast. If Germany succeed-
d in her plan of economic penetration, other nations might follow
per example. The whole world would then exchange goods for goods
in a basis of equality and good fellowship. No one would want to
borrow and the financial pyramid of debt, from the apex of which
Almighty Finance ruled the world, would collapse. Humanity would
be well fed, but the financiers would lose their power.
"If the German monetary experiment had been allowed to develop
on the basis of a friendly exchange of goods it would have provided
the world with useful information to assist it in solving its commerc
-ial problems. What was a laudable effort on the part of Germany
has become a world war -- a war of ideas in which Hitler strives to
form a European economic monopoly opposed to the financial
monopolies of the world.
"Statesmen began to prepare the public mind for war. No mention
was made of the real causes of the crisis -- the bitter scramble for
world markets, the trickery and inhuman methods used to obtain
spheres of influence for surplus investments and for increasing the
burden of world debt. Statesmen again were preparing to sacrifice
the youth of their country on the bloody alter of Mammon. As in
peace, so in war. Humanity must be sacrificed to save a worthless
economic system. .
"Once again the peoples were told that if they destroyed the
leader of the German nation all would be well with the world. Ger-
nany worshipped its leader. Britain trusted its Government. Both
peoples believed their leaders would save the world. It was a
tragedy of faith in men. One nation has to fight for a new economic
and political system the other to preserve the old ones.
Source: AMERICAN MANIFEST DESTINY AND THE HOLOCAUSTS,
BY CONRAD GRIEB (Liberty Bell, 1978), pp 233-236
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