The Myth of German Villainy by Benton L. Bradberry

Author:Benton L. Bradberry [Bradberry, Benton L.]
Language: eng
Format: mobi, pdf
ISBN: 9781477231814
Publisher: AuthorHouse
Published: 2012-07-03T04:00:00+00:00

Sweeping up worthless German Marks during the 1923 hyper inflation.

again. Almost any item or real asset was preferable to their handfuls of marks which were losing their value by the hour. This wild consumer spending set off an economic boom in Germany for a time, though that soon deflated. Due to the velocity of the inflationary spiral, prices went up so fast that people could not buy enough food with the wages they earned. They began desperately selling off all their personal possessions just to buy enough food to keep themselves and their families alive as wages and salaries lagged far behind the rapidly increasing prices. Pawn shops proliferated. Countless homes, farms and commercial buildings were lost to private banks. Those with access to foreign capital, especially dollars, began buying up property all over Germany for pfennigs on the mark. The private banks and the pawn shops were owned almost entirely by Jews, and the Jews were the ones who had access to foreign capital. The Jews, as a result, grew rich off the inflation, while ordinary Germans were reduced to living in hovels, and in many cases, starving to death.

According to the British historian Sir Arthur Bryant in “Unfinished Victory,” 1940:

“It was the Jews with their international affiliations and their hereditary flair for finance who were best able to seize such opportunities. They did so with such effect that, even in November 1938, after five years of anti-Semitic legislation and persecution, they still owned, according to the Times correspondent in Berlin, something like a third of the real property in the Reich. Most of it came into their hands during the inflation. But to those who had lost their all this bewildering transfer seemed a monstrous injustice. After prolonged sufferings they had now been deprived of their last possessions. They saw them pass into the hands of strangers, many of whom had not shared their sacrifices and who cared little or nothing for their national standards and traditions.. “

The 1923 inflation resulted in the largest transfer of wealth from one group to another — that is, from the Germans to the Jews — in all of German history, and, as might have been expected, feelings of bitter resentment developed toward the Jews because of it.

As if this were not enough, the inflation was soon followed by a global depression which hit the already fragile German economy especially hard. Germany’s unemployment rate at the depth of the depression was the highest in Europe at 30%; even higher than that of the United States, which stood at 24%. Germany’s depression was not just worse than America’s Great Depression, it was much worse. Anguished parents in Germany watched helplessly as their children starved to death. People lost their homes. Shanty towns of hovels constructed of shipping crates and the like sprang up all around Germany’s cities and in the forests. To keep alive, they made communal pots of soup out of anything they could scrounge up, such as turnips, potatoes, and even grass.

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