Funk: Shares yes, but not internal loans.
Fischboeck: It is certainly better to pay the Jew 3% instead of 4%. We’d have no possibility to control Jewish wealth the minute we’d let him have shares.
Goering: Gentlemen, no arguments. It is out of the question that he’d keep the shares. He’ll have to turn them in.
Fischboeck: In that case I’d like you to arrange this by calling the shares in so that the stock market won’t be ruined. That can very easily be done. They’ll be turned in. Administering the shares is also much simpler. The trustee turns the shares over to the depot and receives claims on the debit-ledger of the Reich in their place. With this, the whole affair is settled. The only question is whether you want to recall the shares or not.
Funk: This way, the Reich will become possessor of half a billion shares.
Goering: Yes, yes.
Goebbels: He’ll be able to get rid of them according to its needs.
Fischboeck: But it is a business based on profits.
V. Krosigk: I am wondering, first whether it will bring us profits. I grant you that, though. But secondly, an entirely new point of view has to be entered here. I can very well see the point in what the Minister, Mr. Fischboeck, says. As for the values that otherwise bring fixed rates of interest, it is an entirely new idea to expropriate the Jew also in this, though the intention had been to refrain his status as the owner of the shares.
Fischboeck: The reason why this is so very important is that our whole action shall remain without success as long as the Jews shall be in the possession of values, which they may realized quickly and employ for any other undertaking.
Goering: That’s it. We want to prevent the Jews from again secretly manipulating against us.
Fischboeck: For example, if we don’t want the Jews to possess jewelry we can prevent them from having it by allowing them to possess only Internal Loan bonds, that means that they could acquire the jewelry only by paying with bonds.
Goering: Nobody would pay them their claims on the debit-ledger.
Fischboeck: They are not transferable.
Goering: Only if authorized.
Heydrich: Is it not possible to issue an order forbidding the Jew to invest his money in certain values, such as art treasures?
Goering: The arrangement with the registration in the debit-ledger is much simpler. Claims on the debit-ledger are not transferable. He cannot do anything with them, and he cannot do much with those 3½%.
Heydrich: But we’ll also have to find an arrangement for confiscation of valuable objects in Jewish possession.
Goering: What he has now in his possession, that’ll come.
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