Adolf Hitler About Finance, Banking and Stock Market

by Der Stürmer

The state is not the plantation of foreign capital interests! Capital is not the master of the state, rather its servant.

Speech of April 24, 1923 in Munich


We are today (due to the Marxist financial politics since 1918 up to the January revolution) so far that a folk of sixty million sees its fate in the will of a few dozen Jewish bankers.

Speech of September 18, 1922 in Munich


‘Stocks” rose and thereby the stock market gradually become the director of the whole national folk economy. Owners of this institution were, however,… without exception Jews.

Speech of July 28, 1922 in Munich


The international stock market would be unthinkable and would have never come without its founders, the supranational, because strictly national, Jew.

Speech of April 12, 1922 in Munich


The problem of short-term and long-term debt: The total change of the relationships in the world’s products markets demands an accommodation. Only from this trusting cooperation can a real lifting of the general cares emerge. Ten years of an upright peace will be more useful for the prosperity of all than thirty years persistence in the concepts of victors and vanquished.

Speech of March 23, 1933 in Berlin


We know…what the prerequisites are for a healthy exchange of goods and services between folks of the earth; for Germany has for years been forced (to provide) goods and services without reciprocal goods and services. This shows that the task to preserve Germany as an active link in the exchange of wares is less a trade-political than a financial-political one.

Speech of March 23, 1933 in Berlin


The attempt to avert such a development (the reparations payments forced on Germany caused an export reduction of the creditor states) by adjusting the restriction of German export through giving credit to enable payments was not very farsighted and in the end result wrong. For the transformation of indebtedness from political into private obligations lead to an interest service, whose fulfillment has to lead to the same results.

Speech of May 17, 1933 in Berlin


The worst thing…was that the development of domestic economic life was artificially hindered and destroyed. The struggle in the world markets through ongoing price reductions led to an over-escalation of the nationalization measures in the economy. The millions of our unemployed are the final result of this development. If one wanted to limit the reparations payments to product deliveries, this would have to lead to a no less great damaging of the domestic production of the thus advantaged folks. For product deliveries in the quantity coming into question are unthinkable without most severely threatening the condition of the domestic production of the folks.

Speech of May 17, 1933 in Berlin


It is the fault of the Versailles Treaty that it introduced a time in which the art of financial calculation seemed to kill economic reason.

Speech of May 17, 1933 in Berlin


I see…in the one-sided profiteering of our interest and loan capital a slow but sure throttling of the economy, just as in the one-sided emphasis on economics alone a gradual throttling of the folk!

“Adolf Hitler’s Program”, appeal for the election of July 31, 1932


As long as one did not allow us an objective regulation of our foreign debt corresponding to our strength, we were unfortunately compelled to maintain our currency forced economy. The Reich government is hence also obligated to maintain the dam against the flow of capital across the border. If the Reich government allows itself to be guided by these principles, it is certainly to be expected that foreign countries’ understanding will ease the integration of our Reich into the peaceful competition of nations.

Speech of March 23, 1933 in Berlin


The government will in principle avoid currency experiments.

Speech of March 23, 1933 in Berlin


An inflation of the kind of the November government is for us unthinkable. All ongoing disbursements are covered by the regular budget, long-term investments are at the given time financed by the loan budget.

Speech of March 21, 1934 in Unterhaching


We protect the result of every honorable work, honest savings and honest property.

Speech of March 21, 1934 in Unterhaching


Everything… was… only possible through the securing of our currency; for we have not enabled these (domestic political) measures through frivolous experiments, quite the opposite: during the same time, we have managed to decisively improve the financial situation of the Reich, of the provinces and municipalities and to put them in order.

Speech of March 21, 1934 in Unterhaching


By all that it was tried to put in order on the hand the disorganized financial life of the Reich, of the provinces and of the municipalities through generous measures and on the other hand through the most brutal thrift.

Speech of January 30, 1934 in Berlin


We have taken up the struggle for the restoration of our finances; mighty refinancing or debt reduction projects have been realized or are in preparation.

Speech of October 24, 1933 in Berlin


Huge sums are used for the reduction of production-killing taxes, roughly 300 million tax credit benefits the national economy this year.

Speech of March 21, 1934 in Unterhaching


We can state with satisfaction that in the previous year alone savings have increased in Germany by about a billion. We have furthermore managed to so increase the rate of assets at set interest rates that a lowering of the interest level thereby practically set in.

Speech of March 21, 1934 in Unterhaching


We will in the future, too, continue to lighten the debt burdens, to promote the formation of capital, and we will thereby use no method, which subordinates respect for property or contract rights.

Speech of March 21, 1934 in Unterhaching


The confidence of the German saver will in the future as well not be disappointed by the government through any kind of arbitrary interventions or any kind of frivolous financial management.

Speech of March 21, 1934 in Unterhaching


Victory cannot be lacking to us! For our just and necessary struggle against the international stock market dictatorship serves only the recovery of our warmly loved German fatherland.

Speech of August 21,1923 in Munich