Word: schacht
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Reichsbank President Schacht: Chancellor Hitler understands economic and financial problems through that great unpretentiousness and simplicity which always astonishes us and which conquers all theoretical objections. . . . Chancellor Hitler has rejected all theories of devaluation or inflation...
Grimly the cotton men passed a unanimous resolution, bound themselves to sell nothing more to Germany until their arrears are paid up and notified His Majesty's Government that their mills will stay closed indefinitely. Same day in Berlin that master bluffer of international finance. Dr. Hjalmar Schacht, President of the Reichsbank and newly created ''Economic and Financial Tsar," suddenly issued a manifesto to the effect that "Germany, if necessary, can dispense with all raw material imports." This presumably was the opening move of Dr. Schacht, who always starts from zero, in a game to jockey the British cotton...
...favorable for three years and thus her vital imports were more than paid for by the proceeds of her exports. While this lasted the Fatherland could be considered economically afloat, no matter how deeply Germany might mire herself in the morass of moratoriums declared by blunt, bluff Dr. Hjalmar Schacht, President of the Reichsbank...
...Shared with Chancellor of the Exchequer Neville Chamberlain, whom they loudly cheered, the honor of breaking last week the German Moratorium recently declared by Reichsbank President Dr. Hjalmar Schacht (TIME, June 25). To bring Dr. Schacht to his senses the Commons, well aware that Germany has a favorable trade balance with Great Britain, passed a bill enabling Chancellor Chamberlain to confiscate enough British payments due on German goods to make good the Fatherland's announced default on Dawes and Young bond interest payments. By brandishing this authority from the Commons last week, Chancellor Chamberlain scared Berlin into a promise...
...effort to conserve the Fatherland's dwindling store of foreign exchange-sure to be needed to buy vital food imports next winter-Reichsbank President Dr. Hjalmar Schacht recently decreed a sweeping moratorium (TIME. June 25). Last week British threats of retaliation broke the moratorium as far as British holders of Dawes and Young loan bonds are concerned (see p. 15). This breach in the Moratorium Front looked certain to widen before onslaughts at once launched by the U. S. and French Embassies in Berlin. There seemed to be only one answer for Germany: controlled inflation, bulwarked by government control...