SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Book Nook
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ilaine who wrote (247)5/10/2001 8:00:40 PM
From: Thomas M.  Read Replies (1) of 443
 
Schacht was chairman of the Reichsbank until 1939. His position in the Dawes/Young plans was that Germany's reparations should not be fixed, but be flexible so as not to ruin the fragile foreign exchange balance. He was vindicated in the end, with the run on Germany in 1931. He was at the infamous 1927 meeting in which England convinced the U.S. to lower rates. He said: "Don't give me a low rate. Give me a true rate, and then I shall know how to keep my house in order." Smart guy and good central banker.

Tom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News