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Originally Posted by Thomas Sowell
The funny thing is, Hitler did 'defy' bankers. He did it by producing an unsustainable German trade deficit and internal autarky that drained the country of consumer goods and stable capital reserves, to the point where Hans Schject and the board of governors of German banks begged him to alter course or face fiscal catastrophe. How was this pit-fall averted? Inadvertently by invading Poland. Germany no longer needed hard cash or capital to acquire Tungsten, Chromium, etc, it occupied the countries that produced them and became a pillage economy. It's also hard to collect debt or indemnify an active war-machine terror state.