WEBVTT NOTE The Economic Doctrine of the Nazis 1 00:00:00.000 --> 00:00:09.000 Okay, now I come to a comparison of Hitler with Roosevelt, not quite as funny, but also instructive. 2 00:00:09.000 --> 00:00:19.000 Hitler and Roosevelt came to power pretty much at the exact time, at the beginning of 1933, 3 00:00:19.000 --> 00:00:28.000 when the Great Depression had already surpassed its peak, which occurred basically in 1932. 4 00:00:28.000 --> 00:00:40.000 Both men began their reign with a declaration of emergency and demanded special empowerment for themselves. 5 00:00:40.000 --> 00:00:48.000 The most pressing problem that both of them confronted was mass unemployment. 6 00:00:48.000 --> 00:01:04.000 In the United States, the unemployment rate in 1933 was 24.9% and in Germany the unemployment rate at that time was 20%. 7 00:01:04.000 --> 00:01:16.000 Now from the Austrian theory of the business cycle, we know the dos and the don'ts in order to come out of an economic crisis 8 00:01:16.000 --> 00:01:36.000 This is a crisis that was caused by credit expansion. What we should not do is, or what we should do is, we should stop, inflate and expand credit further, because that, after all, was the cause of the very crisis. 9 00:01:36.000 --> 00:01:45.000 The third rule, don't prevent or delay the liquidation of malinvestments. Malinvestments have occurred. 10 00:01:45.000 --> 00:01:54.000 They should be liquidated as quickly as possible so that these resources can be put to productive use again. 11 00:01:54.000 --> 00:02:04.000 The third rule, don't try to keep wage rates up. Some wage rates will have to fall, not necessarily all, but some will. 12 00:02:04.000 --> 00:02:12.000 Don't try to keep prices up. Some prices will have to fall, not necessarily all of them, but some will. 13 00:02:12.000 --> 00:02:19.000 And the last one, don't stimulate consumption, instead stimulate savings. 14 00:02:19.000 --> 00:02:29.000 Because what takes place in a recession is precisely a lack of savings that is revealed. 15 00:02:29.000 --> 00:02:44.000 Now, if all of this is done, that is, if people actually follow this advice, then we know that recessions can be over within a year or within two years at the most. 16 00:02:44.000 --> 00:02:57.000 Now, this was manifestly not the case, either in Germany or in the US. In both countries it took years to get out of the crisis, 17 00:02:57.000 --> 00:03:07.000 But interestingly, it took much longer in the United States, namely essentially until the end of World War II, than it did take in Germany. 18 00:03:07.000 --> 00:03:22.000 Hence, in both countries, obviously significant errors were made as far as economic policy is concerned, but more mistakes must have actually occurred in the United States than in Germany. 19 00:03:22.000 --> 00:03:33.000 First, as the most important indicator of success in the mind of the public, the subject of unemployment. 20 00:03:33.000 --> 00:04:00.000 From 20% in 1933, unemployment in Germany fell to 12.5% in 1934, to 9.6% in 1935, to 5.7% in 1936, to 2.5% in 1937, and to less than 1% in 1938. 21 00:04:00.000 --> 00:04:11.000 By then, obviously, full employment was reached and indeed a shortage of labor emerged and services became partly compulsory. 22 00:04:11.000 --> 00:04:37.000 In contrast, in the United States, unemployment fell only slowly from 24.9% in 1933 to 14.3% in 1937 and then actually rose again to 19% in 1938 and still stood at about 15% at the beginning of the war. 23 00:04:37.000 --> 00:04:42.000 Now, what can account for these differences? 24 00:04:42.000 --> 00:04:47.000 Both governments continue to inflate, made the same mistake. 25 00:04:47.000 --> 00:04:55.000 But as judged by price indices, at least Germany did less so than the United States. 26 00:04:55.000 --> 00:05:04.000 The consumer price index, for instance, in Germany from 1932 to 1938 rose only by 4 percent 27 00:05:04.000 --> 00:05:11.240 and the wholesale price index increased by 12% during the same period. In the 28 00:05:11.240 --> 00:05:16.240 United States during the same period the consumer price index increased by more 29 00:05:16.240 --> 00:05:23.200 than 10% and the wholesale price index by more than 20%. So this would indicate 30 00:05:23.200 --> 00:05:27.920 that more inflation actually was engendered in the United States than in 31 00:05:27.920 --> 00:05:33.960 Germany. Both governments increased the public debt in order to finance many 32 00:05:33.960 --> 00:05:50.960 and massive public works programs. But it appears that more of this debt was financed by genuine, even though forced, savings rather than artificial fiduciary credit in Germany than in the United States. 33 00:05:50.960 --> 00:06:01.960 Hoover and also Roosevelt hampered the liquidation of malinvestment by strengthening bankruptcy laws. 34 00:06:01.960 --> 00:06:12.960 Hitler did no such thing. Hoover and Roosevelt both increased various taxes and thus stimulated consumption, 35 00:06:12.960 --> 00:06:19.400 construction, whereas Hitler actually lowered various taxes, namely on automobiles, on 36 00:06:19.400 --> 00:06:27.480 property taxes and on housing construction, so in this way stimulating savings rather 37 00:06:27.480 --> 00:06:30.480 than consumption. 38 00:06:30.480 --> 00:06:40.160 Roosevelt significantly strengthened the power of the unions, thus preventing a fall in wages 39 00:06:40.160 --> 00:06:57.160 and Hitler in contrast broke the power of the unions, not exactly in the nicest way, but in any case the effect was clearly that the fall in wages was facilitated by his measures. 40 00:06:57.160 --> 00:07:05.160 Roosevelt believed, like a crazy man, that lower prices were actually the cause of the crisis 41 00:07:05.160 --> 00:07:10.160 instead of being simply the consequence or the symptom of the crisis. 42 00:07:10.160 --> 00:07:18.160 In order to keep prices up, he took great pains, especially in agriculture, to lower the supply 43 00:07:18.160 --> 00:07:26.160 by no less a perverse policy than destroying large quantities of agricultural products. 44 00:07:26.160 --> 00:07:33.160 In contrast, Hitler aimed at keeping prices down by increasing the productive output. 45 00:07:33.160 --> 00:07:37.160 The following quote is revealing. 46 00:07:37.160 --> 00:07:42.160 Although both Roosevelt and Hitler were opponents of the gold standard, 47 00:07:42.160 --> 00:07:50.160 Hitler had significantly more enlightened views concerning monetary affairs than his American counterpart. 48 00:07:50.160 --> 00:08:00.160 Thus, Hitler declared, for instance, the value of a currency depends on the volume of production standing behind it. 49 00:08:00.160 --> 00:08:06.160 Falling production weakens, rising production strengthens it. 50 00:08:06.160 --> 00:08:10.160 Money is only a matter of paper production. 51 00:08:10.160 --> 00:08:17.160 The real task is to increase production to the extent that money is increased. 52 00:08:17.160 --> 00:08:25.160 That sounds almost monetarist. Friedman would have been proud of that statement, I guess. 53 00:08:25.160 --> 00:08:35.160 Now, apart from the greater success in the area of unemployment, then Hitler's economic policies were also more successful in other regards. 54 00:08:35.160 --> 00:08:47.160 In the United States, GNP per capita reaches the level of 1929, that is the level before the Great Depression, 55 00:08:47.160 --> 00:08:55.160 only again in 1940, and in 1940 statistics are very unreliable already. 56 00:08:55.160 --> 00:09:03.020 already. And personal consumption expenditures in 1940 in the United States 57 00:09:03.020 --> 00:09:11.760 were still 8% below personal consumption expenditures in 1929. In Germany, on the 58 00:09:11.760 --> 00:09:22.960 other hand, from 1933 to 1938, GNP grew by 9.5% per year, industrial output by 17% 59 00:09:22.960 --> 00:09:42.960 and Private Consumption by 3.6%. From 1932 to 38 real wages increased by 21% and per capita income by 40% and 1928 income levels were reached again already in 1936. 60 00:09:42.960 --> 00:09:57.960 Now, let me come to Hitler's economic philosophy, if you may call it that. I mean, obviously, he was not a trained philosopher, that he has in common with Bush. 61 00:09:57.960 --> 00:10:13.960 So Hitler sees himself as neither left nor right. The nationalists on the right, he said, they lack a social consciousness. 62 00:10:13.960 --> 00:10:23.960 The socialists on the left lack a national consciousness. To the right, I say, if you want to be national, 63 00:10:23.960 --> 00:10:41.960 National, then join the people and give up all pride of place. To the left, I say, you who declare your solidarity with all of mankind, first show your solidarity with your own people. Be German first. 64 00:10:41.960 --> 00:10:54.960 National Socialism, in Hitler's view, had to unite the dispossessed and the disinherited from the right and from the left, 65 00:10:54.960 --> 00:11:03.960 and had to attract the most active and feisty elements from the extreme right and from the extreme left. 66 00:11:03.960 --> 00:11:15.960 His movement was definitely socialist because socialism means in Hitler's words that he repeated over and over again in German, 67 00:11:15.960 --> 00:11:26.960 Gemeinnutz geht vor Eigennutz, public interest beats Trump's individual interests. 68 00:11:26.960 --> 00:11:33.960 And this was indeed Hitler's core belief, which he expressed over and over again. 69 00:11:33.960 --> 00:11:43.960 Subordination of the individual and his selfish sentiments to the greater good, namely the community. 70 00:11:43.960 --> 00:11:51.960 In particular, the antagonism between the bourgeois and the proletarian must be overcome 71 00:11:51.960 --> 00:11:57.960 are overcome within the community of the national socialists. 72 00:11:57.960 --> 00:12:08.960 Gemeinutz geht vor Eigennutz means in particular also politics dominates and trumps economics. 73 00:12:08.960 --> 00:12:19.960 That's also something that we find of course prominently expressed by some American politicians such as our friend Pat Buchanan 74 00:12:19.960 --> 00:12:30.960 I also believe that politics, of course, always trumps economics. As Hitler formulated it, he said, the people are at the top. 75 00:12:30.960 --> 00:12:40.960 The economy is the servant of the people, and capitalists and capital are the servants of the economy, not the other way around. 76 00:12:40.960 --> 00:12:46.960 The interest of the state becomes before that of the private individual. 77 00:12:46.960 --> 00:12:52.960 In order to reach that goal of the primacy of politics over economics, 78 00:12:52.960 --> 00:13:00.960 Hitler emphasized over and over again that government employees should not have any position 79 00:13:00.960 --> 00:13:07.960 as boards of directors or similar positions in business enterprises. 80 00:13:07.960 --> 00:13:17.960 They should not even own stock, but if possible only government bonds or land to have the right loyalties. 81 00:13:17.960 --> 00:13:24.960 And even after their retirement, they should not work for business and become lobbyists. 82 00:13:24.960 --> 00:13:31.960 Interestingly, for the same reason of keeping a strict separation between state and economy, 83 00:13:31.960 --> 00:13:38.960 There should be strict competition and no favoritism in the awarding of government contracts. 84 00:13:38.960 --> 00:13:53.960 Aesthetically, the primacy of politics over economics becomes expressed in Nazi Germany in the monumental architecture 85 00:13:53.960 --> 00:13:56.960 that Hitler takes a special interest in. 86 00:13:56.960 --> 00:14:05.960 not unlike what you find in Stalinist Russia and not quite unlike what you find, of course, in the United States during the same period as well. 87 00:14:05.960 --> 00:14:18.960 Now, how does Hitler see the role of the market and the role of economic planning? 88 00:14:18.960 --> 00:14:29.960 Planning. Here one will have to say that there is some sort of significant difference in his opinion that takes place in the course of time. 89 00:14:29.960 --> 00:14:45.960 Before 1933, before he came to power, Hitler is significantly more favorable toward competition. The reason for that is his Darwinistic outlook. 90 00:14:45.960 --> 00:15:00.960 Now I have to say more about it in a second. After 1933, he becomes increasingly more favorable toward planning in accordance with his overall philosophy of the primacy of politics over economics. 91 00:15:00.960 --> 00:15:15.960 Let me first give you a statement of his that he made in 1930 when he was still in the phase of having severe reservations against a planned economy. 92 00:15:15.960 --> 00:15:28.960 There he says, everywhere in life only a few select can rule. Among the animals, the plants, wherever you look, the stronger the better will succeed. 93 00:15:28.960 --> 00:15:40.960 In the interest of the people, we cannot want that the productive energy slacks and living standards fall as a result of the uncompetitive nature of communism. 94 00:15:40.960 --> 00:15:51.960 Every planned economy suspends the harsh laws of economic selection, of the rise of the better and the elimination of the worse and weak. 95 00:15:51.960 --> 00:16:00.960 It keeps alive or prolongs the life of the weak and mediocre at the expense of the superior and more ambitious. 96 00:16:00.960 --> 00:16:07.960 When I consider the idea of collectivism, it appears obvious that it means egalitarianism, 97 00:16:07.960 --> 00:16:12.960 something similar to what we find in insane asylums and prisons. 98 00:16:12.960 --> 00:16:22.960 In so far the whole idea of socialization as it has been conceived up until now seems to be mistaken. 99 00:16:22.960 --> 00:16:32.960 Somehow some mechanism of selection has to be introduced if you want to reach a natural and reasonable solution of the problem. 100 00:16:32.960 --> 00:16:40.960 A selection mechanism for those who are entitled to possessions and property and business leadership. 101 00:16:40.960 --> 00:16:53.960 Political democracy is analog in the arena of economics to communism. That's why we do not need representative democracy. 102 00:16:53.960 --> 00:17:07.960 That's why we need Führer. There would be a few things that I could say about what Hitler means by Führerprinzip as the real form of democracy. 103 00:17:07.960 --> 00:17:19.960 But I realize that Tom Woods has planned something to say about that. If he doesn't say the right things, I might have to jump into the breach tomorrow on that subject. 104 00:17:19.960 --> 00:17:48.960 Now, despite Hitler's criticism or his early criticism of communism, the National Socialist Workers' Party is still perceived in the early 1930s by the employers' organization in their various newsletters as a conspiratorial, demagogic and terrorist element. 105 00:17:48.960 --> 00:18:05.960 and the terrorist element of contemporary socialism. So it was very early recognized that his seemingly pro-market statements were not to be taken too seriously. 106 00:18:05.960 --> 00:18:19.960 And indeed, from 1934 on, there exists then in Germany import controls, foreign trade is essentially monopolized by the state, 107 00:18:19.960 --> 00:18:27.960 currency controls are introduced, investment controls exist, wage and price controls exist and so forth. 108 00:18:27.960 --> 00:18:41.960 Still, Hitler's position is that business must not be socialized, only that they may be socialized if they act contrary to the interests of the nation. 109 00:18:41.960 --> 00:18:52.960 As long as that is not the case, and of course he determines whether that is the case or not, it would be a crime to destroy the economy. 110 00:18:52.960 --> 00:19:03.960 He says, the individual does not have the right to determine freely over that which has to be invested in the interest of the people. 111 00:19:03.960 --> 00:19:12.960 If his decisions were reasonable, that's fine. If not, then the national socialist state must intervene. 112 00:19:12.960 --> 00:19:20.960 Land, in particular, is national property which an individual can only hold in trust. 113 00:19:20.960 --> 00:19:30.960 And he says, I will no longer tolerate that capitalists acquire title to natural resources and then don't do anything 114 00:19:30.960 --> 00:19:40.960 because it is unprofitable to exploit them. If necessary, I will confiscate these resources by the state in order to put them to use. 115 00:19:40.960 --> 00:19:51.960 And he says, family-owned businesses are natural and healthy. Anonymous stock companies, however, belong into the hand of the state. 116 00:19:51.960 --> 00:19:59.960 This is also true for energy production and other essential industries such as iron and steel works. 117 00:19:59.960 --> 00:20:13.960 For energy production, however, he also pleads for self-sufficiency. Every farmer should use wind energy or water energy in order to supply his electricity. 118 00:20:13.960 --> 00:20:27.960 This is his green streak that he has, of which there exist, of course, also many other important indicators such as his vegetarianism, his love for animals, 119 00:20:27.960 --> 00:20:33.960 of Animals, Hatred of Smokers, and all the rest of it. 120 00:20:33.960 --> 00:20:44.960 And in according with this increasing inclination towards government economic planning, 121 00:20:44.960 --> 00:20:56.960 Hitler establishes in 1937 various nationalized industries, in particular the Reichswerke Hermann Göring in Salzgitter, 122 00:20:56.960 --> 00:21:05.480 Gitta, which employs some 600,000 employees in 1940 and that makes it the largest government-owned 123 00:21:05.480 --> 00:21:17.060 company in all of Europe and of course also the Volkswagenwerk in Wolfsburg. Now I begin 124 00:21:17.060 --> 00:21:25.160 my speech with some comparisons between Hitler and other various famous figures. I want to 125 00:21:25.160 --> 00:21:34.160 I would like to end my speech by saying a few things about what Hitler thought about other competing movements that existed. 126 00:21:34.160 --> 00:21:40.160 First, a few remarks about his attitude towards the social democrats. 127 00:21:40.160 --> 00:21:48.160 In general, Hitler hails the fight of the social democrats for universal suffrage. 128 00:21:48.160 --> 00:21:59.160 And he especially credits them for having brought about the end of the hated monarchy, namely the Habsburgs. 129 00:21:59.160 --> 00:22:08.160 And of course, after the November Revolution, they also eliminated the monarchy in Germany. 130 00:22:08.160 --> 00:22:21.160 However, he dislikes the Slavo-feel attitude of the social democrats, as well as the dominant role that the Jews play in the social democratic party. 131 00:22:21.160 --> 00:22:33.160 He also criticizes the devolution of the social democrats from originally a revolutionary party to a reformist party. 132 00:22:33.160 --> 00:22:40.160 He makes a remark, you can't make a revolution with a party of two million members. 133 00:22:40.160 --> 00:22:49.160 Additional criticisms that he levels against the social democrats are their internationalism, their pacifism, 134 00:22:49.160 --> 00:22:56.160 their acceptance of parliamentary democracy and the majority principle. 135 00:22:56.160 --> 00:23:09.160 In private, in his stable conversation, Hitler always emphasized his preference of the Social Democrats over the bourgeois parties, 136 00:23:09.160 --> 00:23:23.160 the Deutsche Volkspartei, Deutsche Partei or the Catholic Zentrum, as mainly responsible for the November crime, that is, signing the Versailles Treaty. 137 00:23:23.160 --> 00:23:35.160 As far as the Social Democrats are concerned, Hitler thinks the leaders of the Social Democrats are the problem, not the mass of the party members. 138 00:23:35.160 --> 00:23:46.160 And of course, the mass of the party members had, after the takeover of the National Socialists, not the slightest difficulties to shift from one party to the other. 139 00:23:46.160 --> 00:24:02.160 Up to the other, by the way, up to this day, districts in which the national socialists had great majorities are still districts in which the social democrats have big majorities up to this last election. 140 00:24:02.160 --> 00:24:14.160 His attitude towards the communists, we can say his basic attitude is some mixture of fear and admiration. 141 00:24:14.160 --> 00:24:29.160 He admires that they are fanatics, that they are not opportunistic, that they are courageous, that they have will to power, and that they are willing to eliminate their enemies. 142 00:24:29.160 --> 00:24:41.160 He says, the communists and we, those were the only ones who also had women who did not run away when the shooting started. 143 00:24:41.160 --> 00:24:53.160 They are courageous men with whom a state can be defended. In the Soviet Union, 470,000 party members rule 138 million. 144 00:24:53.160 --> 00:25:05.160 And three groups are composing the communist movement. The first two he admires. 145 00:25:05.160 --> 00:25:13.160 The first one is the idealists, the desperados, those are the ones that he admires. 146 00:25:13.160 --> 00:25:18.160 And then, of course, the scum, which he does not want for his party. 147 00:25:18.160 --> 00:25:31.160 He also likes, just as with the social democrats, also with the communist, agrees very much with both of them, 148 00:25:31.160 --> 00:25:41.160 that they favor equality of opportunity, that people can rise to all positions regardless of what their social background is. 149 00:25:41.160 --> 00:25:58.160 A few words about his attitude towards Marxism. The era of Marxism is instead of emphasizing struggle and fight, they are pacifists. 150 00:25:58.160 --> 00:26:04.160 Instead of concentrating on race, they are internationalists. 151 00:26:04.160 --> 00:26:15.160 And instead of individual and personality principle, they rely on majority rule, democracy. 152 00:26:15.160 --> 00:26:24.160 And he thinks that these are basically also the beliefs of the bourgeoisie, which is Marxist infected. 153 00:26:24.160 --> 00:26:39.160 What he sees as positive is their strategy of mass propaganda directed at the lower classes, mostly in an oral way, 154 00:26:39.160 --> 00:26:50.160 and he loves red as a color of revolution. The National Socialist as an alternative and competing revolutionary movement, 155 00:26:50.160 --> 00:27:01.160 movement, whose main purpose was not the destruction of Marxism, but Hitler views it as something which had to be destroyed, 156 00:27:01.160 --> 00:27:10.160 the National Socialists had to destroy Marxism, not in spite, but because of its affinity to itself. 157 00:27:10.160 --> 00:27:25.160 The attitude towards Stalin is very interesting. Officially, of course, a constant attack against the Jewish-Bolshevist conspiracy. 158 00:27:25.160 --> 00:27:41.160 But by 1940, Hitler's view on this had changed and his view is that Stalin had become a leader of a Russian nationalist anti-capitalist movement. 159 00:27:41.160 --> 00:27:52.160 In 1941, he refers to Stalin as one of the greatest men alive, judgments that he shared with Roosevelt. 160 00:27:52.160 --> 00:28:04.160 because he succeeded, though only by utmost brutality, to create a state out of this Slavic rabbit family. 161 00:28:04.160 --> 00:28:17.160 In that, he was forced to make use of the Jews because the thin strata of Europeanized people that had done so before had been eliminated 162 00:28:17.160 --> 00:28:23.160 and out of the genuine Russian such force could never regrow. 163 00:28:23.160 --> 00:28:33.160 In 1942 he says Stalin deserves utmost respect. In his way he is a genius. 164 00:28:33.160 --> 00:28:43.160 He is a tremendous personality, a true ascetic who has united his huge empire with an iron fist. 165 00:28:43.160 --> 00:28:53.160 However, if someone claimed that it is a social state, this is BS. It is a state capitalist state. 166 00:28:53.160 --> 00:29:03.160 200 million people, iron, mangan, nickel, oil, petroleum, whatever you want in unlimited resources. 167 00:29:03.160 --> 00:29:11.160 On top, Stalin is a man who said, do you think the loss of 13 million is too much for such an idea? 168 00:29:11.160 --> 00:29:20.160 So he liked this attitude very much. As I said, there was hate mixed with envy. 169 00:29:20.160 --> 00:29:32.160 At the end of his life, for instance, he said he should have cleansed the German Wehrmacht because he could never rely completely on the German Wehrmacht. 170 00:29:32.160 --> 00:29:42.160 He should have cleansed the German Wehrmacht as Stalin had cleansed his army from his enemies. 171 00:29:42.160 --> 00:29:52.160 Stalin had eliminated ruthlessly the old elites and he, Hitler, had failed in this regard. 172 00:29:52.160 --> 00:30:06.160 His attitude towards fascism. The official attitude was to say, they are very similar, they fight the same struggle, they have the same enemies, 173 00:30:06.160 --> 00:30:17.160 they have the same opponents, they use the same arguments. But this was not quite his real view that he had on the Italian fascists. 174 00:30:17.160 --> 00:30:28.160 The Italian leadership he considered to be reactionary. There is actually a difference like that between day and light, 175 00:30:28.160 --> 00:30:40.160 whether one deals with real fascists or not. The strata with which we have to deal are cosmopolitans as they are at home. 176 00:30:40.160 --> 00:30:57.160 The Dutche succeeded with his revolution one year too early. The Reds would have killed the court, the monarchy, and he would have become head of state and the entire bubble would have burst. 177 00:30:57.160 --> 00:31:10.160 Despite all similarities, the Italian province was the remaining existence of three things, the church, the monarchy and the reactionary generals. 178 00:31:10.160 --> 00:31:16.160 Many fascists, in Hitler's view, had become corrupted capitalists. 179 00:31:16.160 --> 00:31:36.160 Also, what he criticized about Italy and similarly about Hungary was the white gap, the white schism that existed between extremely wealthy people in the country and the impoverished and completely powerless masses. 180 00:31:36.160 --> 00:31:49.160 So, Hitler was clearly egalitarian in this regard. Also, he recommended that the duchess should march in and occupy the Vatican and throw them all out on the street. 181 00:31:49.160 --> 00:32:02.160 His coalition with Italy had been a major strategic error because it had prevented a strategic alliance between Germany and the Islamic world. 182 00:32:02.160 --> 00:32:32.160 World. Last, his attitude toward Franco. Hitler had given support to Franco and de Falanche from 36 to 39, but later became increasingly critical of this alliance, to the point actually where he regretted that he had not intervened on the side of the 183 00:32:32.160 --> 00:32:41.160 In Germany, he said, Franco would not even have made a Gauleiter. 184 00:32:41.160 --> 00:32:48.160 That was a guy in charge of the county. He is in the pockets of the Catholic Church. 185 00:32:48.160 --> 00:32:57.160 The Reds, at least, would have eliminated all the papists who want to throw us back into the Middle Ages. 186 00:32:57.160 --> 00:33:05.160 In the future, in a new revolution, the Reds and the Fallangists should form a coalition. 187 00:33:05.160 --> 00:33:16.160 The Reds had sided with Russia only due to a lack of Western support, not because of genuine Bolshevist sympathies, 188 00:33:16.160 --> 00:33:23.160 and he regretted of having not recognized this earlier on. 189 00:33:23.160 --> 00:33:30.160 With this, I think I have given you a little bit of a flare of the thinking of Hitler. Thank you very much.