Word: sukarno
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Dates: during 1960-1969
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Undaunted by these snubs, Indonesia's volatile President Sukarno went right on to celebrate the holiday with a 54-page speech entitled "Like an Angel That Strikes from the Skies." To some of his countrymen, 54 pages seemed scarcely enough to explain recent events in In donesia. In the past year, Sukarno's breezy decision to freeze all bank accounts over $2,000 and devalue Indonesia's currency by 75% had produced a 92% increase in the amount of paper money in circulation and a 22% jump in retail prices. By driving 2,500,000 Chinese, mostly...
Ever Unanimous. But Sukarno, who plays at government the way a child might play at Monopoly, chose to ignore such mundane matters...
Instead, he sang the praises of the hand-picked "Mutual Help" Assembly with which he has replaced Indonesia's former elected Parliament and glowed over the new National Front, a "nonpolitical" movement consisting of Sukarno's own Nationalist Party, the inept Moslem Teacher's Party and the dazed Communists, who find Sukarno even more disruptive than they are. The National Front, Sukarno predicted, would always reach unanimous agreement on everything "without taking votes." Then, as a lesson to those who still thought there might be something in voting, he abruptly announced a ban against two of Indonesia...
Keep 'Em Roaring. All this left the crowd in front of Djakarta's handsome Merdeka Palace uncommonly apathetic. But like the skilled spellbinder he is. Sukarno finally got his audience roaring with a burst of demagogic thunder in which he attacked The Netherlands for sending an aircraft carrier and 1,000 troop reinforce ments to neighboring Dutch New Guinea - which Sukarno claims is part of Indo nesia and properly called "West Irian." Sneering at The Netherlands as a "country of small creditors that still preserves its taste for colonialism," Sukarno wound up by announcing the breaking...
...expensive substance used to make wedding rings and to fill teeth. But in Asia, the traffic in gold-much of it illegal-is booming as never before. Indian brides offer gold bangles as dowry and families salt away their savings in gold jewelry. When Indonesia's President Sukarno arbitrarily reduced the value of the rupiah 75% overnight. Indonesian businessmen who had thoughtfully stuffed their godowns with gold bullion not only escaped losses but reaped fantastic profits. All over Asia, trade in gold has become the favored device for evading national foreign exchange controls...