FEARS IN GERMANY

Wairarapa Times-Age, 29 June 1943, Page 3

FEARS IN GERMANY

NAZI PAPER ON DESPAIR & DISCONTENT RUMOURS ABOUT CONFISCATION OF SAVINGS. PEOPLE SPENDING RECKLESSLY. <Bv Telegraph—Press Association— Copyright) LONDON, June 28. The most recent issue of the Munich “Schwarze Korps.” organ of the Nazi Party, abounds with articles showing how the nerve war is reacting within Germany. It states: “There is, first, a defeatist atmosphere; secondly, despair and discontent because of the continuity and severity of the Allied air raids, and, thirdly, distrust about Germany’s financial stability and fear that savings will be expropriated. “Those who. are most fearing a financial crash are soldiers in the front line and their wives, who ought to be good judges of Germany s militaiy chances,” it says. . The paper also discloses that officials are alarmed because the 'public are squandering money instead of saving. A sergeant, writing from the front, mentions widespread rumours among his comrades that the State will confiscate the savings bank assets. A financial expert, in a letter to the editor, attributes the same fear of confiscation to “the claustrophobia of the small saver,” and he claims that factory managers and business men who should have a better insight into the conditions and more political sense are A obsessed with the same bogey. The paper states that the fear of confiscation is so strong that people are spending recklessly. It instances the demand for children’s toy trays made of papiermache and four thin strips of wood, which are now selling at 3s. Bd. instead of 4d.