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Inter-War Period (between WW 1 and II), Why the Nazis Weren’t Socialists - ‘The Good Hitler Years’ | BETWEEN 2 WARS I 1937 Part 2 of 2 - YouTube (2)

Why the Nazis Weren't Socialists - ‘The Good Hitler Years' | BETWEEN 2 WARS I 1937 Part 2 of 2 - YouTube (2)

is here that a rift starts forming between Schacht and Hitler. Schacht support rearmament,

but only to the point that it is affordable. Hitler doesn't care about the economy - he

wants to go to war, and believes that future conquests will compensate for the deficits

war creates. When Schacht protests in 1936, Hitler answers by appointing Herman Göring

as a second economic minister. Schacht resigns as Minister of Economy in 1937, partly as

a protest, but also because the MEFO Bill scam is threatening to unravel by this time.

So only three years after starting what was supposed to be an economic miracle, the Nazis

have now drifted into heavy overspending for ideological reasons. They are now on a path

that will, for financial reasons alone, lead to war. When you add it all up, the effects

on the German economy is not great. Hitler and Schacht didn't create growth in GDP

that was any higher than a previous ‘normal year' post WWI like 1927. Before 1927 reparations

were still impacting the German economy and from 1929 the depression pulled it down. There's

a big rally in 1933, though, the year Hitler seizes power, but that year the whole world

economy was moving towards recovery, so this was pretty much average growth that cannot

be attributable to any special economic policy. More importantly, as economic policy takes

time to have any measurable effect on the economy, any growth in 1933 is from von Papen's

programs and cannot be attributed to Schacht and the Nazis.

In parallel, though, they face increasing sanctions and restrictions on trade by the

democratic western powers. To fix this, at least temporarily, they create a kind of

extended isolationism by reducing their trading partners to friendly states in order to avoid

the impact of the sanctions, and falling resource and goods prices in the world. They also artificially

push up national income by inflating prices within that closed trade system. The resulting

international trade system is not sustainable though, especially as it requires these limited

‘trade partners' to be extended at some point and this in turn again leaves them with

no other way than conquest.

The only way you can see it all as being great is if you compare it to the dismal years of

hyperinflation in the twenties, and the dip of the after the 1929 crash. Moreover, as

growth was starting from a heavily contracted economy after the crash, growth in real numbers

was not as impressive as the percentile growth should indicate. And this was growth created

artificially in preparation for conquest of resources and economic might. It is specifically

here that the catch 22 of needing growth to conquer to create growth negates any possible

positive effects.

You really see it in the numbers for 1937 and 1938. Technically these years should automatically

be higher growth years as the economy grows through Anschluss of Austria and the annexation

of parts of Czechoslovakia. Instead we see a slowing GDP growth, which indicates that

without annexation the picture would be grimmer. So already before a war breaks out the Nazi

economic bubble is set to burst under the weight of waging a war they can't really

afford.

But where does the myth of the good Hitler years come from?

Well part of it is probably post fact cognitive dissonance to self-justify why you supported

the Nazis, Another part is the perception of things getting better, because they were

even worse before. But what about all the money they stole? Couldn't that be the reason

for the ‘good Hitler years' at least for those who weren't robbed? Well no, because

although the Nazis systematically plundered people they prosecuted and murdered – in

Germany alone they confiscated more than a year worth of GDP from the German Jews (120

Billion Reichsmark) – this is redistribution of wealth in a very nasty way and redistribution

doesn't create growth, it just moves money around.

Moreover, incarcerating these people, or murdering them, takes them out of the productive economy

so that any effect redistribution could have had is nullified. As they start gobbling up

nations, they use slavery and forced labor to offset this effect, but this too is short

sighted and fairly uneconomic- here, we must not forget that the reason for persecution

and murder of ‘undesirables' is not financial, but ideological. And let's not forget, most

of what they steal doesn't go into the system, the party leaders and Gauleiters keep it for

themselves.

Self-enrichment and ideological fanaticism, two concepts that maybe are not the best basis

on which to run a nation.

Hjalmar Schacht certainly didn't think so - by 1938 he is even a passive supporter of

the resistance and secretly advocating for a coup. And yet he is the very man that has

created this mess by enabling the Nazis. Hitler has once again outsmarted those that think

they can use him to gain political advantage while controlling his fanaticism. Germany

is now an economic steam train headed at full speed into a tunnel, and no one knows where

that tunnel ends. There's no engineer to hit the brakes, and the train just keeps on

picking up speed. Hitler and Göring have created a system of growth that will leave

them no option for armistice. They must fight and win all the way to the oil fields of the

Caucasus, the steel in the north, the factories in the west, and the grain in the East. That's

what they hope is at the end of that tunnel, fuel for their train. But as long as they

are still in the tunnel, they will resort to burning the only fuel they have on board

- the passengers.

If you'd like to see our video on how the Treaty of Versailles did not cause the Nazi

rise to power, you can click right here for that, any second now. Our patron of the week

is Sam Benda. Be like Sam and join the TimeGhost Army to ensure that we can make more content,

just like this. Subscribe and ring that bell and...

It's not the economy stupid, it's the stupid economy. Get it? May you be prosperous,

cheers

Whilst

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Why the Nazis Weren't Socialists - ‘The Good Hitler Years' | BETWEEN 2 WARS I 1937 Part 2 of 2 - YouTube (2) Warum die Nazis keine Sozialisten waren - 'Die guten Hitlerjahre' | ZWISCHEN 2 KRIEGEN I 1937 Teil 2 von 2 - YouTube (2) Por qué los nazis no eran socialistas - 'Los buenos años de Hitler' | ENTRE 2 GUERRAS I 1937 Parte 2 de 2 - YouTube (2) Perché i nazisti non erano socialisti - 'Gli anni del buon Hitler' | TRA LE 2 GUERRE I 1937 Parte 2 di 2 - YouTube (2) ナチスはなぜ社会主義者ではなかったのか - 『良きヒトラーの時代』|BETWEEN 2 WARS I 1937 Part 2 of 2 - YouTube (2) Waarom de nazi's geen socialisten waren - 'De goede Hitlerjaren' | TUSSEN 2 OORLOGEN I 1937 Deel 2 van 2 - YouTube (2) Porque é que os nazis não eram socialistas - 'Os bons anos de Hitler' | ENTRE 2 GUERRAS I 1937 Parte 2 de 2 - YouTube (2) Почему нацисты не были социалистами - 'The Good Hitler Years' | BETWEEN 2 WARS I 1937 Part 2 of 2 - YouTube (2) Naziler Neden Sosyalist Değildi - 'İyi Hitler Yılları' | 2 SAVAŞ ARASI I 1937 Bölüm 2 / 2 - YouTube (2) 为什么纳粹不是社会主义者 - “美好的希特勒岁月”|两次大战之间,1937 年,第 2 部分(共 2 部分) - YouTube (2) 為什麼納粹不是社會主義者 - “美好的希特勒歲月”|兩場大戰之間,1937 年,第 2 部分(共 2 部分) - YouTube (2)

is here that a rift starts forming between Schacht and Hitler. Schacht support rearmament, ||||division||||||||| é aqui que se começa a formar uma fenda entre Schacht e Hitler. Schacht apoia o rearmamento,

but only to the point that it is affordable. Hitler doesn't care about the economy - he ||||||||within reach|||||||

wants to go to war, and believes that future conquests will compensate for the deficits ||||||||||||||赤字

war creates. When Schacht protests in 1936, Hitler answers by appointing Herman Göring

as a second economic minister. Schacht resigns as Minister of Economy in 1937, partly as jako drugi minister gospodarki. Schacht rezygnuje ze stanowiska ministra gospodarki w 1937 r., częściowo z powodu

a protest, but also because the MEFO Bill scam is threatening to unravel by this time. |||||||MEFO Bill|||||fall apart||| ||||||||||amenazando con desmoronarse|||||

So only three years after starting what was supposed to be an economic miracle, the Nazis

have now drifted into heavy overspending for ideological reasons. They are now on a path |||||excessive spending|||||||||

that will, for financial reasons alone, lead to war. When you add it all up, the effects

on the German economy is not great. Hitler and Schacht didn't create growth in GDP

that was any higher than a previous ‘normal year' post WWI like 1927. Before 1927 reparations

were still impacting the German economy and from 1929 the depression pulled it down. There's ||||||||||dragged|||

a big rally in 1933, though, the year Hitler seizes power, but that year the whole world ||gathering||||||seizes|||||||

economy was moving towards recovery, so this was pretty much average growth that cannot

be attributable to any special economic policy. More importantly, as economic policy takes

time to have any measurable effect on the economy, any growth in 1933 is from von Papen's

programs and cannot be attributed to Schacht and the Nazis.

In parallel, though, they face increasing sanctions and restrictions on trade by the ||||||penalties||||commerce||

democratic western powers. To fix this, at least temporarily, they create a kind of

extended isolationism by reducing their trading partners to friendly states in order to avoid

the impact of the sanctions, and falling resource and goods prices in the world. They also artificially ||||||declining|||products|||||||

push up national income by inflating prices within that closed trade system. The resulting |||||提高|||||||| increase||national|||||||||||

international trade system is not sustainable though, especially as it requires these limited

‘trade partners' to be extended at some point and this in turn again leaves them with ||||expanded||||||in|||||

no other way than conquest.

The only way you can see it all as being great is if you compare it to the dismal years of ||||||||||||||||||悲惨|| ||||||||||||||||||terrible||

hyperinflation in the twenties, and the dip of the after the 1929 crash. Moreover, as ||||||下降||||||| ||||||decline||||||Additionally|

growth was starting from a heavily contracted economy after the crash, growth in real numbers ||||||shrinking||||||||

was not as impressive as the percentile growth should indicate. And this was growth created ||||||百分位数(1)|||||||| ||||||lowest||||||||

artificially in preparation for conquest of resources and economic might. It is specifically |||||||||power|||

here that the catch 22 of needing growth to conquer to create growth negates any possible ||||||||||||否定|| |||catch 22||requiring|||||||||

positive effects.

You really see it in the numbers for 1937 and 1938. Technically these years should automatically

be higher growth years as the economy grows through Anschluss of Austria and the annexation |||||||||annexation|||||

of parts of Czechoslovakia. Instead we see a slowing GDP growth, which indicates that of parts of Czechoslovakia. Instead we see a slowing GDP growth, which indicates that

without annexation the picture would be grimmer. So already before a war breaks out the Nazi ||||||more bleak||||||breaks|||

economic bubble is set to burst under the weight of waging a war they can't really ||||||||||进行||||| |||about to||collapse|||||waging|||||

afford.

But where does the myth of the good Hitler years come from?

Well part of it is probably post fact cognitive dissonance to self-justify why you supported ||||||||认知||||||| ||||||after the fact|||cognitive dissonance||||||

the Nazis, Another part is the perception of things getting better, because they were ||||||对事物变得更好的看法|||||||

even worse before. But what about all the money they stole? Couldn't that be the reason

for the ‘good Hitler years' at least for those who weren't robbed? Well no, because

although the Nazis systematically plundered people they prosecuted and murdered – in ||||掠夺|||起诉||| ||||stole from|||they persecuted|||

Germany alone they confiscated more than a year worth of GDP from the German Jews (120

Billion Reichsmark) – this is redistribution of wealth in a very nasty way and redistribution ||||再分配||||||||| ||||||||||unpleasant manner|||

doesn't create growth, it just moves money around.

Moreover, incarcerating these people, or murdering them, takes them out of the productive economy |监禁||||||||||||

so that any effect redistribution could have had is nullified. As they start gobbling up |||||||||无效||||吞食| |||||||||canceled out||||consuming|

nations, they use slavery and forced labor to offset this effect, but this too is short |||||||||||||||temporary solution

sighted and fairly uneconomic- here, we must not forget that the reason for persecution perceptive|||not cost-effective||||||||||oppression

and murder of ‘undesirables' is not financial, but ideological. And let's not forget, most |||不受欢迎的人||||||||||

of what they steal doesn't go into the system, the party leaders and Gauleiters keep it for

themselves.

Self-enrichment and ideological fanaticism, two concepts that maybe are not the best basis 自我|||||||||||||

on which to run a nation.

Hjalmar Schacht certainly didn't think so - by 1938 he is even a passive supporter of

the resistance and secretly advocating for a coup. And yet he is the very man that has ||||||||||||这|||| ||||promoting|||overthrow of government|||||||||

created this mess by enabling the Nazis. Hitler has once again outsmarted those that think |||||||||||聪明过||| ||||empowering|||||||outwitted|||

they can use him to gain political advantage while controlling his fanaticism. Germany

is now an economic steam train headed at full speed into a tunnel, and no one knows where ||||locomotive||heading|||||||||||

that tunnel ends. There's no engineer to hit the brakes, and the train just keeps on

picking up speed. Hitler and Göring have created a system of growth that will leave gaining||||||||||||||

them no option for armistice. They must fight and win all the way to the oil fields of the ||||peace agreement|||||||||||oil|||

Caucasus, the steel in the north, the factories in the west, and the grain in the East. That's 高加索||||||||||||||||| ||steel industry|||||factories||||||crops||||

what they hope is at the end of that tunnel, fuel for their train. But as long as they

are still in the tunnel, they will resort to burning the only fuel they have on board |||||||turn|||||||||

- the passengers.

If you'd like to see our video on how the Treaty of Versailles did not cause the Nazi

rise to power, you can click right here for that, any second now. Our patron of the week ||||||||||||||supporter|||

is Sam Benda. Be like Sam and join the TimeGhost Army to ensure that we can make more content, ||||||||||||guarantee||||||

just like this. Subscribe and ring that bell and...

It's not the economy stupid, it's the stupid economy. Get it? May you be prosperous, 这||||||||||||||

cheers cheers

Whilst