“For the folk-community does not exist on the fictitious value of money but on the results of productive labour, which is what gives money its value.”

I do not know about the folk community but he is right on the point that productive labor is what gives money its value. That is why government spending does not boost the economy. There has to be some type of goods or service produced in exchange for it or it has no value. Moving money from one pocket to another can create no wealth. This concept is entirely too simple for most to understand it. Simple example. If you offered everyone enough money so that they would never have to work again they would soon find that they would in fact end up with nothing unless they went back to work.

No...that's what gives "debt notes" or "currency" its value.
Money has an intrinsic value. It is a certificate of value...not a certificate of debt.

Hitler is essentially describing today's monetary system in America, and as America's productivity dries up, so will the value of our fiat currency.