Word: generalissimoing
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...financial front the Generalissimo had no such luck. In a long, tense session, Premier T. V. Soong wrote and Chiang rewrote a series of economic decrees intended to end speculation in foreign exchange. Chinese currency, which had spiraled up to 19,400 to the dollar, was pegged at 12,000. But the deeper trouble would be much more difficult to reach without U.S. help. Chinese foreign exchange balances are barely adequate to cover minimum needs for the next three months. China's textile industry, for example, faces collapse if it cannot get U.S. cotton on credit. If China...
China's monetary crisis last weekend inspired an excited Associated Press cable from Shanghai: "An American consular announcement today blasted Chinese Premier T. V. Soong's abortive 100% export subsidy program, as Chinese currency continued its dizzy descent, and the complete economic collapse of Generalissimo Chiang Kai-shek's Nationalist China appeared to be a very real possibility...
...taxes to landlords who would grow fat as they had in Chinese conflicts since the ancient dynasties. Most of all, if the Chinese people were to rally to this fight, they had to be led by a program of land reform as well as by the personality of the Generalissimo, by a guarantee of release from feudal bondage as well as by promises of a government that seemed paralyzed by its own weight...
...month in contributions. Over her temple in Kanazawa, Jiko-san flew the red "meatball" flag of Imperial Japan; to her followers she restated the basic State Shinto principles of hakko ichi-u-the whole world under Japan's Emperor. Jiko-san had included General Douglas MacArthur and Generalissimo Joseph Stalin in her cabinet of lesser deities...
Like former U.S. Ambassador Carlton J. H. Hayes (Wartime Mission in Spain), Sir Samuel speaks warmly and gratefully of Jordana, who died in August 1944. Unlike Hayes, who apparently considered Franco a "cautious" if annoying politician, he rips the "little Generalissimo" up & down: "Fat, smug, self-complacent . . . convinced that all his actions are inspired from heaven . . . the chief cause of a Spain divided within itself and isolated from the civilized world...