Currency Crisis
Sir,—lt is ironical that world financiers cannot or will not profit by the lesson provided by the crisis over the mark. Germany, after suffering utter defeat in two world wars, has now gained without force of arms the position of dominance which it failed to get by armed might. Also ironical is the fact that American and British taxpayers are underwriting their gross national product to maintain the defence of Germany; leaving it free to profit by the lesson so aptly applied by Dr Schacht, the Wall Street expert who Showed Hitler how to build an armed force which required all-out war for five years to teach Germany that force does not pay. Germany has learned the lesson of Schacht's managed currency and this time the result was industrial power without national debt But have the other industrial powers waked up yet? They have some back-pedalling to do now.— Yours, etc, W. B. BRAY. Leeston, May 13,1969.
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Bibliographic details
Press, Volume CIX, Issue 31987, 14 May 1969, Page 16
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159Currency Crisis Press, Volume CIX, Issue 31987, 14 May 1969, Page 16
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