In addition to the barefaced looting of: the conquered countries by the Nazis, which has already been described in this journal, a subtler process is going on under the supervision of the former' German Minister' of Finance and head of the Reichsbank, Dr. Schacht, The nations now under the Nazi heel are being made {(o inflate their currencies in order to provide Germany with money to buy whatever goods she wants, at no expense to herself, From the Nazi point of view, this system has much to recommend it, since the average person in the countries being so defrauded does not sce how is being swindled, and receives payment for hhis goods in his own currency, What he does not know.is that that currency is steadily being made almost worthless; he will Jearn this only when, at a later stave, the Inevitable rise prices causes a reduction in the standard of Tiving, and when stocks have become depleted. Ay things are at present, the conquered coun: tries are exporting goods to Germany without receiving anything in payment for these exports except notes which will shortly not be worth the paper they are printed on. In France the process hay been accelerated. French banks are being foreed to accept the German paper mark at the rate of twenty franes to one Reichsmark. At best, the value of the Reichsmarke note 1s no more than eight francs and it should not be forgotten that Germany ix limited In the issue of "these notes only by the capacity of the pressed on which she prints them. In the mean ime, with franes which have been bought at value, the Germans in France are
Text read from the printed page and cleaned; old type leaves the occasional error.