Word: germanic
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Dates: during 1930-1939
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Payoff on Month I of World War II: some plunged in Beth Steel at $go-to-$100, hedged by picking up German Government dollar bonds (which went unnoticed from $5 to $9) on chances that they might go to $25 (netting 400%) if Hitler should happen to get his peace...
...German theme is the familiar one that Britain is an imperialistic aggressor, but the favorite targets have been Britain's inept Ministry of Information (see p. jp) and Winston Churchill. Berlin last week caught Britain red-handed in a BBC report of the torpedoing of the freighter Royal Sceptre (see p. 34), in which it was said that, according to a message, all hands had drowned. Who then, Berlin asked, survived to send the message? After the BBC had fumbled with that for a time, Berlin sent its version: that another British ship, the Browning, had been spared...
...report that made Berlin burn was based on the H. R. Knickerbocker (Hearst) report that the German high command had salted huge fortunes away in foreign lands against the day of defeat (TIME, Oct. 2). The announcer called Knickerbocker direct ("Do you hear us, Mr. Knickerbocker?"), offered him, on behalf of Goebbels, a tenth of all the cached wealth he could locate. When he failed to reply in 36 hours, a sizzling Berlin announcer blurted: "The British Ministry of Lies has bought the well-known American journalist, Knickerbocker . . . the louse...
Great Britain. The BBC, to the much-enduring Britishers, has been a wishy-washy washout, broadcasting mainly late news, and such humdrum as the state of the wallabies at Whipsnade Zoo, the views of ruddy British workmen that things at home are not so bad. But in German, to Germany, the BBC is anything but wishy-washy. Nightly, the BBC exhorts Germans to rise, overthrow their leaders, bring peace to the world...
...last week's end German submarines had sunk some 175,000 tons of Allied and neutral shipping, plus a British airplane carrier. The carrier was a fine trophy, but the total haul of merchantmen, for the first full month of World War II, was skimpy compared to the big bags of 1917, when the Kaiser's U-boats were sinking five, six, seven, eight hundred thousand tons of shipping a month. Tactically and technologically, Germany's opponents today know much more about fighting submarines than they...