Word: jap
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Doctor Shuhsi Hsu's prediction of the possibility of Chinese collapse (TIME, Feb. 8) looks ominous. You say that Jap blockades now are strangling China as the Central Powers were strangled in the World War. This is correct, but isn't there a possibility of alleviating this disastrous situation by a strong economic attack on the Jap strangler? The Chinese dollar has depreciated badly, and is partially dominated by the Japanese military yen in areas near the zones of occupation. Thus the perimeter of the flow of trade is from national China towards occupied China. By importing gold...
...suggest a U.S. buying commission handling the whole deal, and directing policy to bleed from Jap territory essentials which cannot be imported by air cargo or even over a reopened Burma Road. This cannot be done with Chinese dollars because their high velocity forces them back into free China; likewise U.S. dollars eventually do the same. Gold with real value will go underground, and cannot be effectively outlawed by the Japs. Even if passing into Jap hands, its use to them will be negligible as they have already sufficient (gold) for their own purposes...
Finally he graduated to plug-hat rank, spent a year as Minister to Australia, returned to China as Ambassador in February 1941, to be entrusted with the grave, back-breaking job of helping to put off Jap aggression. Soon, as Ambassador, he was superseded in influence by U.S. military missions in China...
...After the battle of Midway, the Army Air Forces managed to give the public the impression that land-based aircraft had played the biggest role in routing the Jap task forces. Actually it was Navy carrier-based craft that did the most damage to the enemy...
...best proof of Ken Walker's labors came on his 17th raid. That time his bombardiers and gunners sent nine Jap ships to the bottom of Rabaul Harbor. But the aircraft that failed to return from his most successful raid was the one the airmen's general was riding...