The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-06-16
On the
World Front
Nazi Financial Disease
It's World Effect
What Hitler Proposes
By HARRY CANNES

OOlllI duS NlIOIIIl YOU may
feast and be feted today, but
you are sick to the death; be-
fore you get home the plague
Of the financial crisis will seize both
of you"
The Nazi debt moratorium, merely
the symptom of rapidly spreading,
deeper financial, cancer of Fascisrn
will not only have its political con-
sequences in Germany, but will
reVerberate through the weakly
propped financial structure of world
capitalism. One Of the financial
writer's on an American capitalist
newspaper asks:
If a much smaller event, the
Credit Anstalt failure in Austria in
1881 could considerably aggravate
the whole European crisis and lead
directly to England's suspension of
the gold standard, what drastic
effect will the German moratorium,
3 virtual bankruptcy of German
government finances, have?"
We are witnessing now only the
first Tightening flashes of the on
coming economic catastrophe Of
German Fascism. The Nazi Grim
inals who rule Germany virtually
shiver in their boots at the thought
of the inevitable imitation that is
approaching.
What was brilliantly foretold by
leaders of the German Communist
Party as far back as December 1888,
is now coming true to the letter.
At the 18th Plenum of the Execu-
tive Committee of the Communist
international, Comrade Wilhelm
PECK forecast with unerring sc-
curacy:
"Hitlers policy, which il the
policy of monopoly capital. must
necessarily lead to a rapid transit
ton from the hidden imitation all
ready present to an open imitation.
The declaration of bankruptcy in
regard 10 foreign countries, the
standstill agreement. the reduction
of payment of interest on foreign
loans by one half and the cur-
rency control have, it is true, pre-
vented open imitation for the time
being, but the large sum of i'm
terest payments and of repay
ments of debts, the substituting of
bankrupt parasitic economy. the
financing of the production of war
material and the adaptation Of i'm
dustry to war are leading ever
closer to open imitation"
THE sensational bankruptcy of the
Nazi financial structure, and its
consequence on world capitalist fl
nances, is emphasizing the fact that
fascism is not sign of strength,
but of weakness and instability Of
the whole capitalist system.
Serious diseases require major OPP
erations. and it is for that reason
that Hitler rushes to Italy for con-
sultation. AS the Nazi press COM
ments on Hitlers visit to Mussolini
show, fascism is preparing for q
major lood-letting at the expense
of the Soviet Union. Alfred Rosen-
berg, the most open and rabid Of
Hitler's anti-Sovjet war mongers,
writing on his masters trip to Ven
ice, clearly makes the main issue
one of attack against the u S. S. R.
Il the Nazi organ, the "Voelkischer
Beobachter," he predicted that the
conference would turn the hub Of
world events" but the wheel is to
grind at the expense of the work.
ers' fatherland. "Hitler's visit to
Mussolini," he said, comes at
time when Communism had issued
instructions to European organiza-
lions for estranging fascism and
national socialism"
With this perspective in mind we
can be sure that part of Hitler's
conversation with Mussolini will
concern itself with that portion Of
the Nazi policy expressed by the
Hugenberg memorandum to the
London Economic Conference which
demanded, the Russian Ukraine as
a colonial area owing to the space
needs of the people" and more fully
stated in Hitler's book, My Strug-
gle" wherein he says:
For Germany the sole posi-
bility for carrying through sound
land policy lay in the winning of
new land in Europe itself. :. If
one desired land in Europe, this,
generally speaking, could only be
done at the expense of Russia, and
the empire would once again have
to begin marching along the road
of the former knights, in order,
with the German sword, to give
soil to the German plough and
daily bread to the nation"
| Both the onrlsshing initiation and
the criminal war plans of the Nazi
fiends, already resulting in starva-
ton and desolation for the German
masses, will be answered by a fresh
revolutionary upsurge, led by the
Communist Party of Germany.
Louder than ever, more penetrating
than ever, throughout Germany will
resound the call of the Communist
Party:
/
German people, against the bloody
fascist rule of capital, and its
fascist dictatorship"
= :.
IN THE United States we must in-
crease tent Id our struggle
against fascism, rousing the widest
/ united front of all anti-fascist forces
against the Nazi butchers, especially
for the freedom of the leader of
the German Communist Party,
Ernst Thaelmann. AS the difficulties
of the Nazi mailman intensity, the
danger to the life of Comrade Ernst
Thaelmann grows immeasurably.
The Nazi hangmen know that the
worldwide campaign for the re-
lease of Thaelmann and other anti
fascist fighters is becoming one Of
/ the mightieSt WeapOns outside of