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Hjalmar Schacht - Quotes

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And this thesis is somewhat connected with general social and political observations, because it establishes the fact that the number of consumers is considerably larger than the number of producers, a fact which exercises a not inconsiderable social and political pressure. ---->>>

Germany stays and falls with the success of the policy of Hitler. ---->>>

The presentation of the Golden Badge of the Movement is the highest honor the Third Reich has to offer. ---->>>

Material loss can be made up through renewed labor, but the moral wrong which has been inflicted upon the conquered peoples, in the peace dictates, leaves a burning scar on the people's conscience. ---->>>

Instead of a weak and vacillating Government, a single, purposeful, energetic personality is ruling today. ---->>>

The economy is a very sensitive organism.

The economy is a very sensitive organism.

But what you could perhaps do with in these days is a word of most sincere sympathy. Your movement is carried internally by so strong a truth and necessity that victory in one form or another cannot elude you for long. ---->>>

It stands, essentially, for the application of increased energy to the efforts already undertaken by my ministry since 1934 with the results shown in the above statistics. ---->>>

Allied supplies of arms to Russia, and the manpower reserves of Russia have been sufficient to bring continuous counter-attacks against our Eastern Front. ---->>>

But the memory of war weighs undiminished upon the people's minds. That is because deeper than material wounds, moral wounds are smarting, inflicted by the so- called peace treaties. ---->>>

It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life. ---->>>

After the many rumours that we had heard about Hitler and the published criticisms we had read about him, we were pleasantly impressed. His appearance was neither pretentious nor affected. ---->>>

With the aid of this credit policy, however, Germany created an armament second to none, and this armament in turn made possible the results of our policy. ---->>>

The Jews must realize that their influence in Germany has disappeared for all time. ---->>>

Rules are to be initiated for the allotment of scarce raw materials etc; and their use and processing for other than war, or otherwise absolutely vital, goods is prohibited. ---->>>

Only the closest collaborators of the Fuehrer know how difficult is the burden of this responsibility; how sorrowful are the hours during which decisions must be made which bear upon the well being and the fate of all of Germany. ---->>>

The aim and the idea of the Four Year Plan were and remain entirely correct and necessary! ---->>>

The German future lies in the hands of our Fuehrer. ---->>>

The repeated announcements that the Russian resistance was definitely broken have been proved to be untrue. ---->>>

Germany can generally only pay if the Corridor and Upper Silesia will be handed back to Germany from Polish possession, and if besides somewhere on the earth colonial territory will be made available to Germany. ---->>>

Wherever my work may take me in the near future even if you should see me one day within the fortress - you can always count on me as your reliable assistant. ---->>>

I can assure you that everything I say and do has the complete approval of the Fuehrer and that I would not say or do anything that does not have his approval. ---->>>

The very necessity of bringing our armament up to a certain level as rapidly as possible must place in the foreground the idea of as large returns as possible in foreign exchange and therewith the greatest possible assurance of raw material supplies, through exporting. ---->>>

Since our economy is closely allied with that of foreign countries, not one of us can be indifferent to what consequences these disturbances can have at home and abroad. ---->>>

Biography

Nationality: German
Born: January 22, 1877
Birthplace:
Die: 06-03, 1970
Occupation: Economist
Website:

Hjalmar Horace Greeley Schacht (22 January 1877 – 3 June 1970) was a German economist, banker, liberal politician, and co-founder in 1918 of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. He was a fierce critic of his country's post-World War I reparation obligations (wikipedia)