Word: owned
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Dates: during 1970-1979
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Don't you Europeans keep asking us to multiply assurances that we cannot possibly mean; and that if we mean them, we should not want to execute; and that if we execute, we'll destroy civilization. That is our strategic dilemma, into which we have built ourselves by...
More of an asset are 11,000 ethnic Chinese who made their way from Vietnamese fishing villages and islands to the Chinese coast in their own fishing boats. In Beihai, on the Tonkin Gulf, 7,000 refugees are fishing in the boats that brought them, selling part of their catch...
Schreiber keeps tight control over his agents in Frankfurt, New York, London, Hong Kong and Singapore, contacting his team almost instantly to find out who is buying, where and why. Such intelligence enables the bank to be extremely precise in its own actions. Says Schreiber: "Even after we submit written...
Much of the buying was coming from oil-rich Arabs, who were trading incognito through German and Swiss banks and brokers. Like goldbugs everywhere, the Middle Eastern investors were anxious over political uncertainties, global inflation and the fluctuating fortunes of the dollar, though it had dropped only slightly by week...
Some of the gold goes to the bank's own account, but most is for its clients. The Dresdner is rumored to be active as an agent for Middle Eastern investors, though much of the demand is from West German money managers. Schreiber advises them to keep one-quarter...