Gottfried Feder

AZL flag holder TransparentGottfried Feder (27th January 1883 – 24th September 1941) was a German economic theoretician, Nationalist and one of the early key members of the NSDAP. Feder was born in Würzburg, Germany the son of civil servant Hanse Feder and Mathilde Feder (née Luz). From 1917 on, Feder studied financial politics and economics on his own; he developed hostility towards wealthy bankers during World War I and wrote a “manifesto on breaking the shackles of interest” (“Brechung der Zinsknechtschaft”) in 1919. This was soon followed by the founding of a “task force” dedicated to those goals that demanded a nationalisation of all banks and an abolition of interest. In the same year, Feder, together with Anton Drexler and Dietrich Eckart was involved in the founding of the Deutsche Arbeiterpartei (German Workers’ Party-DAP). Adolf Hitler met him in summer 1919 while he was in an anti-Bolshevik training course at Munich University. Feder became Hitler’s mentor in finance and economics. Using Feder’s system under National Socialism Germany’s money was not backed by gold as this was owned by the international banks. Thus in this National economy money was essentially a receipt for labour and materials delivered to the government. Hitler said, “For every mark issued, we required the equivalent of a mark’s worth of work done, or goods produced.” The government paid workers in Certificates. Workers spent those Certificates on other goods and services, thus creating more jobs for more people. In this way the German people climbed out of the crushing debt imposed on them by the international Jewish banks. Within two years, the unemployment problem had been solved and Germany was back on its feet. It had a solid, stable currency without debt, and no inflation and this was at a time when millions of people in the United States and other Western countries (controlled by international Jewish banks) were still suffering crippling unemployment. Within five years Germany went from the poorest nation in Europe to the richest. Germany even managed to restore foreign trade, despite the international banks denial of foreign credit to Germany, and despite the global boycott by Jewish-owned industries. Germany succeeded in doing this through exchanging equipment and commodities directly with other countries. By using a barter system that cut the banks out of the picture Germany flourished, since barter eliminates national debt and trade deficits.


1) Manifesto for the Abolition of Interest-Slavery (1919)

2) The German State on a National and Socialist Foundation

3) The Program of the NSDAP – The National Socialist Workers’ Party and its General Conceptions

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