Word: schacht
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Actually there is no real Four-Year Plan, for the Nazis have evolved nothing so specific as the Five-Year Plans of the Bolsheviks. Everything pointed this week to continued German economic tightrope dancing of a vaguely conservative and vaguely orthodox character under the Great Extemporizer, Dr. Hjalmar Schacht, President of the Reichsbank and Minister of Economics. Last April, when the Nazi radicals had been working up for several months within the Party a campaign to force dismissal of Dr. Schacht, General Göring abruptly took Germany's fiscal wizard under his hulking personal protection, and last week...
...case Germany is headed for that economic disaster which, by the wily stratagems of Dr. Hjalmar Schacht, the Fatherland has barely avoided so many times, it will be just as well for the blame to burst not upon Herr Hitler but upon Herr Göring, who has been a morphine addict, drinks Gargantuanly and is popular in a bluff, hearty fashion-the sort of man to whom Germans forgive mistakes. Minister-President Göring received last week the following send-off from Der Volkischer Beobachter, the personally-owned newsorgan of Chancellor Adolf Hitler to which all Nazi Party...
...Hjalmar Schacht on his recent European tour did not discover the secret that France was about to devalue the franc with U. S. and British co-operation and that this would be followed by devaluation of the lira, Swiss franc, Dutch guilder, etc. Had Germany known what was coming, Dictator Hitler might have managed to join in and tell the German people that their mark was being devalued in an international concert of Economic Disarmament to which the Fatherland had been admitted with "equality" and "honor." Instead, according to Berlin observers, Herr Hitler felt last week that Dr. Schacht...
...Jews" for what had happened, pointing with specific accusation to M. Blum and Mr. Morgenthau as undoubted Jews and rehearsing at length the names of other Jews in official Washington and Paris. "The world cannot be cured with a restabilization of currencies alone!" barked German Reichsbank President Dr. Hjalmar Schacht...
This was interpreted as meaning that Dr. Schacht would not for the time being devalue the mark which in any case has been for years a purely artificial currency. But what about the lira? Would Premier Benito Mussolini, who placed the lira on gold in the days when Calvin Coolidge was President and the Gold Standard sacrosanct, recognize that a page of economic history has turned and the entire world must seek readjustment...