Word: bankes
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Dates: during 1930-1939
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Peasants have other means of resistance. Unless it is tendered on the point of a bayonet, a Japanese yen-backed note from the new Japanese-dominated North China Federal Reserve Bank is not honored at face value. Last spring in the Japanese-occupied areas of North China, the Chinese mysteriously forgot to plant their usual cotton crop. Unless the Japanese can debauch the Chinese in captured sectors with opium, as they are trying to do, this sort of passive resistance might go on for decades...
...Treasury had various Government trust funds sell $90,000,000 of their Governments, but investors with nothing better to do in the last two weeks bid Government securities up to new highs (over 114), thereby reducing interest rates to metaphysical fractions. So New York's great National City Bank complained for all U. S. banks (who now have 60% of their funds invested in Governments): "Treasury bills [are] selling at the virtually non-existent yield of 0.004%, and all maturities of Treasury notes through June 1941 [are] quoted on a no-yield basis...
When Germany swallowed Austria last year, the Bank of England played ball with the Nazis, obligingly turned over to them the gold it held in the name of the Austrian banks. Later, British owners of Austrian bonds had trouble getting their money. When last March the Germans goose-stepped into Czecho-Slovakia, the British Government quickly rushed through Parliament a bill forbidding British banks to transfer former Czech gold and credits (estimated as high as $100,000,000) to the new masters of Prague. Devised to protect British creditors, this measure pleased Britons more as a means of preventing...
Last week Britons were chagrined to learn that the Nazis had in part sidestepped this restriction, had taken over $30,000,000 of Czech gold held in London in the name of the Bank for International Settlements. The Czech National Bank had a $30,000,000 credit with the B.I.S. The "World Bank," a Swiss corporation owned and operated by the central banks of the powers and a consortium of U. S. banks, keeps no gold in its modest headquarters at Basle, instead maintains deposits with the member banks, one of them the privately operated Bank of England. Goateed Montagu...
...Regent of the Bank of France until Leon Blum ousted the "200 families...