The Denial of Credit to Nazi Germany

Executive Summary

• International private banking interests punished Germany for creating its own debt-free money through the denial of international credit.

Introduction

Because the Nazi government created its own debt-free money, it was denied international credit. Therefore, its innovation was to trade or barter with countries without the use of currencies. If Nazi Germany had used a freely floating currency, it is more likely that private banking interests would have speculated against the currency. It is of critical importance that private banking interests be able to retaliate against any country that does not hand its money creation function over to private banking interests.