The Archive · 1941

Occupied Countries

Show of Legality Made to Cover Systematic Looting of Goods

Germans are looting Norway, Denmark, Holland, France, and every other occupied country, says the "Daily Mail." All the arts of deception are employed to cloak the Nazi designs. One of the chief ways by which they delude people is to make a great show of apparent legality.

If you were a Frenchman and a Nazi offered to buy goods from you paying cash down in francs, you would probably feel it was quite all right to do business.

But this is where the Nazis play off private interest against national interest. For the money is merely freshly printed paper money which the Bank of France is compelled to provide, and the French people as a whole are the losers because valuable goods will have gone from France "jand nothing will have been received from Germany in return.

All the Nazis do is to give a form of German debt to the Bank of France, on the "security" of which it issues more notes.

An act of robbery is thus concealed beneath an apparently innocent and orthodox financial operation.

Here is one means of the Nazis' ch "false dealing" They fix a rate of exchange by which the mark is greatly over-valued, so that its purchasing power in France or other occupied countries is correspondingly increased. This (combined with the effective removal of all limits to Germany's clearing indebtedness, which will be explained presently) enables them to buy up shares apd obtain control of

Text read from the printed page and cleaned; old type leaves the occasional error.

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