"Gold is not neccesary. I have no interest in gold. We will build a solid state, without an ounce of gold behind it. Anyone who sells above the set prices, let him be marched off to a concentration camp. That's the bastion of money."
And he set the price. He hated corporate profit. His system dictated what each factory would produce, at what price, with which employees, and at what wages. He would have done well in this country as a Democrat. -- warren, olathe
I think Adof Hitler is A LYING PIECE OF MONKEY DOO! -- Ashizie, Mooresville, North Carolina
Gold shouldn't be the epicentre of a nation. Social security, education and freedom of the nation shall be. -- Vincent Archambault, St-Lin
While his methods were and still are a little arcane I agree with him that gold ain't sh** or on the other hand maybe it is. I remember doing things with my buddies as a kid, building forts, developing a ball field etcetera and we had nothing but are mutual cooperation and enthusiasm. Why cannot adults work this way. If some adults put in more than their fair share of work given them a voucher exchangeable for other goods and services. What the hell do we need gold for? -- Waffler, Smith, Arkansas
Hey Waff, check out what happened to the German economy prior to WW 2. Libs never learn. -- jim k, austin
One of the most successful rewritings of history, was convincing everyone that National Socialism in Germany was somehow Fascism. Italy and Spain were Fascist. Japan was Fascist, but Germany was Socialist, and Russia was another brand of Socialism, called Communism. Roosevelt and his administration was rather fond of many aspects of Socialism at the time as Democrats are today as well. It gives them a lot of power over the people. They just don't want those ideas to be associated with Hitler. Did you know Hitler named the Volkswagen? It's translation: "The People's Car." Hitler also banned private weapons. Hitler, my friend, was a Socialist, and no amount of rewriting of history will change that.
A lot of Americans in the 30's & 40's thought Hitler and Stalin, and even Mao had really good ideas - they just carried it out all wrong, like maybe killing millions of their own people to get the job done. Let's see what happens in the next 4 years. That's "progressive" for you... -- AW, Gig Harbor, WA
People who think "gold ain't shit" are ignorant; read a book, study some history, and get an education. If you like super inflation, support our current financial and currency policies; if you like super inflation, support a fiat currency; if you like super inflation, support the printing of money with nothing to back it "but the people's confidence in that dollar". There are only two things that back our dollar: (1) the people's confidence, and (2) GDP (which any economist will say is unwise to base a currency's longevity and purchasing power on GDP). Ever heard of the "inflation tax"; it's the tax that the middle and lower classes receive through corrupt government policies (due to our corrupt financial system), when the money they have saved loses its purchasing power due to inflation. This is not a hard concept to understand. Fiat currencies inflate; gold (commodity) backed currencies retain their purchasing power. Fiat currencies rely on debt and consumer spending; gold currencies rely on saving and a manufacturing/industrial based economy. A currency doesn't have to be back by gold solely, but it is always wise to back a currency with a commodity that is more difficult than others to obtain. Markets will shift, and when gold no longer becomes profitable to ore, then another material will enter high demand (this is the way commodity currencies work). Backing a nation's currency with a commodity also creates a "natural" barrier against the runaway spending by both the Republic AND Democratic Congress; it limits that amount of money the Fed can spin off the printing press; and it pressures the United States to have the manufacturing/industrial base that made it great. All you have to do is look at where Hitler's idea took him; super inflation made his currency all but worthless within a matter of years (absolutely no purchasing power) -- only an idiot would look at the constant string of evidences against fiat currencies to ever purport such an asinine policy. -- Logan, Memphis, TN
Historically, gold was chosen as the medium of exchange because of its intrinsic value. Human nature and natural law, being what they are, demonstrates the need for a tangible standard which is the basis for stable and sound fiscal policy, relationships and growth, no matter what intellectual desires may be set in place or, what a child's mind may come up with (ultimate reality is just that - reality). -- Mike, Norwalk
This is not the only principle of Hitler's that Waffler and his ilk agree with. As you can see, a nation with fiat currency that loses the wars it wages on other nations will eventually fall. -- E Archer, NYC
Even evil men can get something right sometimes. Hitler was aided and abetted by the US and the west as an antidote to internatinalism under the communist banner. Now many on this site are against internationalism (globalism) that is under any banner. Archer above is advancing an ad hominem argument. He should check with Logan on this his error. -- Waffler, Smith, Arkansas
Waffler, if you want to sound intelligent using big words, you might try using them properly. Only Waffler will claim someone's argument is 'ad hominem' in his own ad hominem remark! Typical Waffler double-talk in order to misdirect criticism of his own fascist/communist principles. -- E Archer, NYC
It was a lie... -- RBESRQ
here are only two things that back our dollar: (1) the people's confidence, and (2) GDP (which any economist will say is unwise to base a currency's longevity and purchasing power on GDP). Ever heard of the "inflation tax"; it's the tax that the middle and lower classes receive through corrupt government policies (due to our corrupt financial system), when the money they have saved loses its purchasing power due to inflation. This is not a hard concept to understand. Fiat currencies inflate; gold (commodity) backed currencies retain their purchasing power. -- jwala sharma, mumbai
-- warren, olathe
-- Ashizie, Mooresville, North Carolina
