Word: borrows
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Dates: during 1930-1939
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...gold standard at full present value, but ominous rumblings were heard among France's allies. Decidedly slick was a move proposed in Belgium and favorably discussed among members of the Chamber. While the dollar is cheap and the belga is dear, proposed Deputy Marquet, let the Government borrow enough belgas to pay off Belgian debts in the U. S. at the present attractive discount. Later, if the belga is devalued, the Belgian Government will merely find it that much easier to repay the people from whom it borrowed...
...minimized theirs with "startling." Some liked "stupendous," others preferred "shudder," but most overworked word in the U. S. vocabulary was "staggering." The President planned to have the U. S. spend $31,179 a minute-every minute night and day-till June 30. He planned to have the U. S. borrow $6,000,000,000 before June 30-an amount slightly larger than the total amount of U. S. currency in circulation. He proposed to have the U. S. spend $17,000,000,000 in this fiscal year and next. He foresaw a public debt by July 1935 of nearly...
...money which the Government will have to borrow in the next few months nearly $4,000,000,000 will be necessary to provide the cash which the RFC dispenses. Although everyone knew that vast RFC advances were being made, few people realized on what a grand scale big Texan Jesse Jones was playing Santa Claus to U. S. business. His biggest benefaction for fiscal 1934: new capital for banks, $1,350,000,000; carrying farm commodities, $498,000,000; state relief, $462,000,000. These "staggering" totals will not represent total losses. Although they represent for the most part loans...
...could match? Venezuela had a balanced budget and a surplus of $13,00,000 in the national treasury. Her money is the soundest in the world. Not a single foreigner owns a Venezuelan government bond. There is practically no unemployment. Farmers pay no land taxes at all and may borrow up to 50% of the value of their land from a government farm bank. The country, with nearly 4,000 miles of good roads, claims the finest highway system in Latin America...
...force for the last two years have been rules that officers may not borrow from brokers, may not indorse other loans, must report all loans not adequately collateralized, must report all loans in excess of half a year's salary...