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people 45 billion marks, only 18 billions publicly acknowledged by the
Reichsbank. Debts to outside countries certainly amount to something
like fifteen billion marks-with interest unpaid to many creditors. This
debt situation is known to enough people to cause much uneasiness. If
crops were to fail by half for a single year, there would be starvation
to millions of people unless international credit could be had. The
barrier system forbids imports even of foodstuffs. This dilemma is
duplicated in Italy. So loans and commercial concessions may become
most vital matters. Of course Germany rarely has a drouth; but five
successive years of excellent crops suggest always the possibility of a
short harvest. Hitler said a few days ago that a twenty percent
shortage would be a calamity of the first order. A few days later Hess
(intimate counsellor of Hitler) said: "Do not forget that cannon are
better than butter."
 
 
The second dilennna will come when German roads from Berlin to all
frontiers
(roads so built that all crossings are under or above and speed said to
be 200 miles per hour) and the German armaments are completed. That
will mean three to four millions of unemployed. At present Germany has
only one million unemployed. Four or five millions of unemployed would
be more serious here than twenty millions with us. A debt here of 60
billion marks is far more serious in comparison to German income than
60 billion dollars with us.
 
 
A dictator of sophomoric psychology would probably go to war to avoid
possible difficulties, even with his submissive people. Of course
successful threats, such as we have witnessed the last year or two,
might bring annexations and postponement of war; but these cannot solve
serious economic situations. And here comes one more opportunity of the
United