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To: pogohere who wrote (140174)12/24/2008 2:35:13 PM
From: robnhood  Read Replies (1) | Respond to of 314171
 
<<The Anglo-Dutch monetary system is a money-as-debt system. The Bank of England, the Fed, all the modern central banks operate within that tradition.>>

It makes sense then that this model is fatally flawed.

<<

Schacht operated outside the Anglo-Dutch tradition--therefore, compared to his American counterpart, he was not using money, i.e. money-as-debt, to enable Germany to revive its economy.>>

I read somewhere that this was the real reason for the ensuing war.



To: pogohere who wrote (140174)12/25/2008 5:17:59 PM
From: selivanov  Read Replies (1) | Respond to of 314171
 
There is a recent german book on Schacht called "Hjalmar Schacht: Aufstieg und Fall von Hitlers machtigstem Bankier" by Christopher Kopper, HANSER Copyright 2006 400pages.

I'm not finished learning german yet but this could be a good source of independent information rather than relying on Schachts own perhaps biased views.


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