Whatever Raeder was smokin', I want some of that! His estimate however is almost totally absurd. The CV's Destroyer's and Sub's are pretty close, but no navy could produce that many BB's, CA/CL's. Nor does it account for the merchant tonnage needed to supply such a fleet, or the amphibious ships needed to execute a 'Island hopping' strategy. Either he was a complete fool or vastly overstating the needs to discourage somebody. In either case his comment can not be taken very seriously.