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Henry Morgenthau, The German Character
Five chapters from Morgenthau’s book, Germany is our Problem, here published with an introductory note by Ellopos. Emphasis, in bold or italic letters, by Ellopos. Complete book in print.
52 Pages
Page 19
1. Seizure and disposition of German assets abroad.
2. Prohibition of German investment in foreign countries.
3. Strict United Nations control of all German credits obtained by exports, by inheritance or in any other way.
4. Similar control over all German foreign exchange operations.
5. Prohibition of German participation in international cartels. (This is apart from any other solution of the cartel question.)
6. Elimination of German ownership of property in neutral countries. Under the Nazis, German business assets abroad never were considered as the private property of their owners but as a weapon of economic aggression, political intervention or military preparation for the German state. The state decided just what business its citizen might keep abroad. Then the state told him what to do with it. One group would be kept operating at enormous loss (met by domestic subsidies) to draw a foreign nation's economy or part of it under German influence. Another would be commanded to use its funds for propaganda, espionage, sabotage, bribery or someother form of political penetration. Still another would be the medium for stockpiling materials needed in the coming war—oil, rubber, nickel, tungsten, etc. The effect of this was so obviously dangerous that six months before Pearl Harbor, on my recommendation to President Roosevelt, the Treasury "froze" all German assets in this country. Most of the other American republics followed our example for their own protection from the Nazis. If these Germans could create so much disturbance in a more powerful country an ocean away from the center of Nazi infection, it is plain with what devastating effect their trading ethics and assets could be used upon relatively helpless nations within easy bomber range.
Cf. H. Arendt: totalitarianism reduces men to impersonal natural forces * German philosophers in support of Nazism * Beethoven and Mauthausen * The Superior Race of Germans * Kalergi, European Spirit must Precede Europe's Political Unification * La Construction de l'Europe selon Jean Monnet * Plan Fouchet * Mitterrand and Kohl urge European Political Union * Il Manifesto di Ventotene
