The memory of war weighs undiminished upon the people's minds. That is because deeper than material wounds, moral wounds are smarting, inflicted by the so-called peace treaties. … Material loss can be made up through renewed labor, but the moral wrong which has been inflicted upon the conquered peoples, in the peace dictates, leaves a burning scar on the people's conscience. … The Versailles Dictate cannot be an eternal document, because not only its economic, but also its spiritual and moral premises are wrong.
German politician and economist (1877–1970)
Dr. Hjalmar Horace Greeley Schacht (22 January 1877 – 3 June 1970) was a German economist, banker, centre-right politician, and co-founder in 1918 of the German Democratic Party. He served as the Currency Commissioner and President of the Reichsbank under the Weimar Republic. He was a fierce critic of his country's post-World War I reparation obligations. He served in Adolf Hitler's government as President of the National Bank (Reichsbank) 1933–1939 and became Minister of Economics (August 1934 – November 1937). While Schacht was for a time feted for his role in the German "economic miracle", he opposed Hitler's policy of German re-armament insofar as it violated the Treaty of Versailles and (in his view) disrupted the German economy. His views in this regard led Schacht to clash with Hitler and most notably with Hermann Göring. He was dismissed as President of the Reichsbank in January 1939. He remained as a minister without portfolio, and received the same salary, until he was fully dismissed from the government in January 1943. In 1944, Schacht was arrested by the Gestapo after the assassination attempt on Hitler on 20 July 1944 because he allegedly had contact with the assassins. Subsequently, he was interned until the end of the Third Reich in the concentration camps Ravensbrück and later at Flossenbürg. Schacht was tried at Nuremberg, but was fully acquitted over Soviet objections; later on, a German denazification tribunal sentenced him to eight years' hard labor, which was also overturned on appeal.
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I was never in the army - I never had a uniform - I was never a soldier. I detest uniforms because they make one unfree. There is an old quotation that goes something like this: 'Your mind will be trained well, but confined to Spanish boots.' That quotation is very apt. It signifies how narrow the military mind becomes.
There was only the choice between Communism and Hitler, and I will tell you why Hitler won. People will not give up religion, rights, freedom of personality, the opportunity to develop by individual effort - which includes private property. And the other reason for Hitler's winning is that if a whole people is treated as the Germans were, everyone will say, 'Are we worse people than others? Are we of a minor race?' Just as every single individual needs and must have self-respect, just as every family is proud of decent traditions, so every nation wants to maintain her individual manner, culture, language, and customs. It was in these respects that Communism failed. The Communists said that God was nonsense and stupidity and preached internationalism without maintaining the natural national feelings of a nation.
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My so-called foreign friends do neither me nor the situation nor themselves any good when they try to bring me into opposition to the allegedly impossible National Socialist economic theories and declare me to some extent the protector of economic reason. I can assure you that everything I say and do has the complete approval of the Fuhrer and that I would not say or do anything that does not have his approval.