Word: outflowing
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Dates: during 1930-1939
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...vigorous attempt to combat deflation. The ground is now cleared both nationally and internationally, for a courageous, but same attempt to increase monetary incomes. Up to the present the success of any bold policy to overcome the depression would have been jeopardized by the deflationary effects of a possible outflow of gold. This danger is now removed...
...economic hysteria running through the nation. The Michigan bank moratorium had jolted the country badly, stripped the R. F. C. of most of its psychological assets. Manhattan bankers had rarely looked more worried. Financiers put unofficial observers at the doors of the Federal Reserve Bank to watch the outflow of gold. There was widespread agreement with Bernard Mannes Baruch's dictum before a Senate committee that the U. S. was confronted with a condition "worse than...
...point of the Depression was blamed chiefly on huge cash shipments to the Detroit area. European speculators neatly hitched news of the eight-day moratorium to the attempt on President-elect Roosevelt's life for a quick raid on the dollar. Francs and belgas shot aloft. A brief outflow of U. S. gold followed...
...read the most execrable pornography is to go to any newsstand and buy one of the cheaper lurid magazines. There are literally hundreds of such magazines being published at the present time, yet no apparent effort is being made to curb the ever-increasing outflow. Some of the magazines have the grace to hide under the name of 'fine arts', but others of the more recent type come out bluntly and freely for 'Filth, and lots...
Just before his imprisonment he wrote: "If the outflow of gold continues India will soon become bankrupt. England is bankrupt and she is sure to pounce upon our gold reserves by all means, fair or foul. Moreover we are at war with England and we are not bound to help her at present...