Fritz Nonnenbruch, the financial editor of the Voelkischer Beobachter, states: ‘There exists no law which binds the State. The state can do what it r… - Günter Reimann

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Fritz Nonnenbruch, the financial editor of the Voelkischer Beobachter, states: ‘There exists no law which binds the State. The state can do what it regards as necessary, because it has the authority…. The next stage of National-Socialist economic policy consists of replacing capitalist laws by policy.’

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About Günter Reimann

Hans Steinicke (November 13, 1904 – February 5, 2005), better known by his pen-name Günter Reimann, was a German-born economist and writer. He was noted as founder and editor of International Reports, a New York-based weekly publication he created in 1947 and sold to the London Financial Times in 1983, and author of The Vampire Economy (1939) about what he described as the onerous business policy of the National Socialist German Workers Party and its disastrous effects on the German economy. Prior to World War II, Reimann was a member of the Communist Party of Germany and at the forefront of the underground resistance to Adolf Hitler within Nazi Germany.

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You cannot imagine how taxation has increased. Yet everyone is afraid to complain about it. The new State loans are nothing but confiscation of private property, because no one believes that the Government will ever make repayment, not even pay interest after the first few years.

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The slightest formal mistake was punishable with tremendous penalties. A fine of millions of marks was imposed for a single bookkeeping error. Obviously, the [Nazi] examination of the books was simply a pretext for partial expropriation of the private capitalist with a view to complete expropriation and seizure of the desired property later.

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