The Haavara Agreement (Hebrew: הֶסְכֵּם הַעֲבָרָה, romanized: heskem haavara, lit. ‘transfer agreement’) was an agreement between Nazi Germany and Zionist organizations signed on 25 August 1933. The agreement was finalized after three months of talks by the Zionist Federation of Germany, the Anglo-Palestine Bank (under the directive of the Jewish Agency) and the economic authorities of Nazi Germany. It was a major factor in making possible the migration of approximately 60,000 German Jews to Palestine between 1933 and 1939.[1]
Yes definitely lost touch with reality.
https://www.jstor.org/stable/2536016
https://en.wikipedia.org/wiki/Haavara_Agreement