The Nazis and debt free money

The UK has a broad money of ~6 trillion pounds. I would like to see them print 3 trillion pounds and spend it into the economy on national projects over several years.

When Hitler came to power the bankers were lending him money for the first year or so and he was spending that money into the economy. But then the bankers decided to cut Germany off, and the German government was faced with laying off millions of people working on the national projects.. and the economy going back into a depression.

So the Nazis came up with Labour Treasury Certificates. 1 certificate was worth 1 hour of labour for the average worker on the projects. They made the certificates convertible into normal currency. They used this to build factories, railroads, the autobahn, ports, etc.. The bankers had a meltdown and tried to completely cut Germany off. And were running propoganda saying Germany would have hyperinflation, economy going to blow up. 3 years later Germany was the wealthiest country in Europe... this from the poorest country in 1932.

All without the bankers and their debt-money. Some conspiracy theorists argue this is when the bankers started pushing for a world war to take out the Nazi government.

This is the type of things you can do with debt free money:

Just to give you the idea of the scale we could spend on if we wanted and if we had leaders with vision, here are a few examples.

A 1,600 MW French Areva EPR nuclear reactor will probably cost about £5 billion each. A lot cheaper in Asia, but factoring in UK costs. Well the current UK grid is about 78,000 MW. We could build say 30 EPR's bringing in an extra 48,000 MW of baseload generation. And having nearly free electricity for decades to come. Cost of 30 of them is £150 billion pounds. We printed £275 billion so far and simply gave it to the bankers!


There is a serious housing shortage in the country, especially in the southeast. We could build 1 million council houses costing £250,000 each for 250 billion pounds. I mean in London these could be basically high end tall condo buildings for that build cost. Thats still less than we printed and gave to the bankers! Building 1 million council houses would put to work probably 1 million men, when you look at not just construction, but procurement of British made building materials, utilities installation to the houses and infrastructure like roads, water and natural gas to the houses.


For £10 billion a year, we could put to work 50,000 scientists at an annual cost of £200,000 each, to look into adult stem cells and develop that industry for the UK.