Word: schacht
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...later Pastor Niemoller, who threw into saving German souls the same brawling vigor that stood him in good stead sinking ships, had corralled Berlin's wealthiest and most influential congregation for his Jesus Christus Kirche in the swank suburb Dahlem. Such redoubtable parishioners as Dr. Horace Greeley Hjalmar Schacht, autocratic Reichsbank Governor, immensely liked the two-fisted sermons Pastor Niemoller preached...
Acute anxiety has racked German businessmen for months as they tried to find out whether famed Dr. Hjalmar Horace Greeley Schacht was being forced out as Minister of Economics, and as Dr. Schacht repeatedly offered his resignation, even told reporters at cocktail parties that he had resigned (TIME. Nov. 8). At long last Adolf Hitler, mystical and intuitive as ever, settled the question last week in his own good time and in his own characteristic words. Accepting the resignation of Dr. Schacht as Minister of Economics but not as Reichsbank President, Der Fuhrer next appointed Dr. Schacht...
Thus with masterly ambiguity Adolf Hitler bounced Hjalmar Schacht out of the Cabinet, also bounced him back in again.. Effect of this was to retain for Germany some of the kudos of Schacht's name in world finance...
Uneasy Berlin rumor had it that General Goring's insistence upon expenditures for rearmament greater than Dr. Schacht considers "possible." has brought the Nazi state to a fateful consideration of whether it must now resort to inflation. In Nazi oratory the inflation of the German mark after the War by Socialists has always figured as "criminal." If this crime should have to be committed again, Nazis must try to distract German public opinion from it by scoring some particularly huge "success"-such as recovering German colonies or absorbing Austria. Up to 1914 the total number of Germans resident...
Three whole days later Berlin correspondents still were unable to get any official German source to confirm that Dr. Schacht is no longer Minister of Economics. Apparently mystic Adolf Hitler wants to keep for Germany the talismanic kudos of the Schacht name in the world of international finance, while at the same time permitting General Göring to indulge in expenditures for rearmament on a scale Dr. Schacht has warned is beyond the practical limits of Germany's resources. From 1 p. m. until 6 p. m. one day last week General Göring conferred with...