Currency Reform

  1. A. Peg to a single currency.
  2. Foreign currency supplies
  3. IMF'S SUPPORT FOR RUSSIAN REFORMS
  4. Peer Concurrency
  5. Tax Reform in Developing Countries
  6. The Eurocurrency Market

For years, National Socialism has called for Germany to give up the gold standard:

  1. The Reich Bank's gold and foreign currency reservesare constantly declining. As of 30 April 1932 wehad reserves to cover less than 10%of the banknotes in circulation (the short term foreign credits, according to the head of the Statistical Office are also not sufficient to cover them).
  2. This would make German industry competitive on the world market.

The economic effects of departing from the gold standard are most clearly shown by England's departure from the gold standard.

According to Nr. 4, Part A of the semi-official Vierteljahrshefte fur Konjunkturforschung:

"While the contraction process continued in other countries, the process came to a haltin the fourth quarter - after a slowing down had already occurred. Production, Imports of raw materials, and exports increased. This is the result of freeing the pound from the gold standard, And the resulting change in the value of the pound. "

Giving up the gold standard, therefore, had the best consequences imaginablefor the English economy. Within the framework of its emergency program, therefore, National Socialism demands the introduction of an equalization fee (foreign currency tax)for those countries that have given up the gold standard, or else reduced the exchange rate of their currency during the post-war period in comparison to its value before the war. The equalization fee will bepaid by those who import goods and will be credited to those who export goods.

Objection:Giving up the gold standard means inflation, according to the bourgeois-Marxist press.

Response:England gave up the gold standard on 21 September 1931. The pound's rate of exchange fell by 70%, but the domestic purchasing powerof the pound remained unchanged. According to Nr. 4, Part A, page 16 of the semi-official Vierteljahrshefte fur Konjunkturforschung(Volume for 1931/32):

"There were only slight increases in prices. Up to November, wholesale prices increased by about 8%, then declinedas a result of developments on the world market. Thus, after a temporary increase, Prices fell again. The increase in wholesale prices was largely due to adjustments resulting from prices determined abroad to the revaluation of the pound. Domestic priceswere either not affected at all, rose only slightly, or even declined.




His first jail term | Terrified, the Center Party and Social Democrats ban the Fuhrer from speaking in public for over two years. | I. The National Socialist Job Creation Program | II. General Economic Measures | Unemployment benefits burden the economy, but job creation stimulates the economy. | Working people can not be satisfied with meager unemployment benefits. Working people demand the right to a job. | These markets are available only domestically. | The private home as a productive space | Financing public job creation | Guidelines for our trade policy |

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