It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.
Hjalmar SchachtAllied supplies of arms to Russia, and the manpower reserves of Russia have been sufficient to bring continuous counter-attacks against our Eastern Front
Hjalmar SchachtWherever my work may take me in the near future even if you should see me one day within the fortress - you can always count on me as your reliable assistant.
Hjalmar SchachtAnd this thesis is somewhat connected with general social and political observations, because it establishes the fact that the number of consumers is considerably larger than the number of producers, a fact which exercises a not inconsiderable social and political pressure.
Hjalmar SchachtMaterial 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.
Hjalmar SchachtThe repeated announcements that the Russian resistance was definitely broken have been proved to be untrue.
Hjalmar SchachtI can assure you that everything I say and do has the complete approval of the Fuehrer and that I would not say or do anything that does not have his approval.
Hjalmar SchachtSince our economy is closely allied with that of foreign countries, not one of us can be indifferent to what consequences these disturbances can have at home and abroad
Hjalmar SchachtOnly the closest collaborators of the Fuehrer know how difficult is the burden of this responsibility; how sorrowful are the hours during which decisions must be made which bear upon the well being and the fate of all of Germany
Hjalmar SchachtRules are to be initiated for the allotment of scarce raw materials etc; and their use and processing for other than war, or otherwise absolutely vital, goods is prohibited
Hjalmar SchachtIt stands, essentially, for the application of increased energy to the efforts already undertaken by my ministry since 1934 with the results shown in the above statistics.
Hjalmar Schacht