Word: golds
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Dates: during 1960-1969
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...world money markets had been gathering, set off by rumors that West Germany's healthy Deutsche Mark would be revalued. Speculators hastened to sell their francs for marks, and during that period a total of some $1.7 billion in francs was sold, forcing France to use its gold reserves to support the parity of its currency. The run stopped only when the world's currency markets were closed down for three days to give the West's industrial nations, the so-called Group of Ten, a chance to solve the crisis. After three days of almost nonstop...
French and German intransigence sent Europe's monetary system reeling toward the brink of crisis. On the day that Schiller, chairman of the Group of Ten, summoned the world's leading central bankers and finance ministers to an emergency meeting in Bonn, demand for gold in London hit the highest level since March. In New York, sterling hit rock bottom at $2.38. In Swiss money markets, it slipped even lower. The dollar, by comparison, weathered the crisis fairly well, reflecting general confidence that the U.S. was finally doing something convincing about its balance of payments problem...
...point in the proceedings, Schiller snapped at the U.S.'s Fowler: "Let us be clear that the mark is not undervalued, but that the dollar is overvalued." Fowler replied with an extraordinary paean: "Gold is the sun," he said, "and the dollar is the earth. The earth revolves around the sun and the relationship doesn't change." Retorted Schiller: "Then I guess we're all just little satellites launched from Cape Kennedy." After Jenkins and Fowler had characterized the German trade tax concessions as inadequate, Schiller declared, "If the lopping off of one third of our export...
...Blunden has stitched and embroidered it all together-Endeavor's, wreck on the Great Barrier Reef, refitting at Charco Harbour (socalled because the aborigines greeted them by shouting "Charco!"), the escape and return of a seaman named Saunders who lived with the natives for a while and discovered gold. The voyage also seems to have occasioned European man's first sight of the kangaroo (it was taken...
While the bettors are making money, the sportswriters are rewriting history. "Get your Brian Dowling biographies while they last." Calvin Hill's quotations and gold-plated, updated record books with pictures have also been selling well...