European Stars And Stripes (Newspaper) - August 29, 1978, Darmstadt, Hesse Page in the stars and stripes bolstering action August 1978 Carters Dollar whistle by Clyde Farnsworth Washington not theres an old German saying that you just cant purse your lips you have to whistle As As far As the much abused Dollar is presi Dent Carter has finally started to the Dollar was taking still another beating earlier this month when the president said something would be done about and shortly something the Federal Reserve Board raised its Dis count rate to 7 putting restrictive stance on the Money Supply growth to make the Dollar More attractive to foreigners As Well As the Treasury then announced it was hiking the offerings in its monthly Gold sales to 000 ounces beginning in the idea again was to make the Dollar More this time by driving Down the Price of administration officials spoke of invigorating the anaemic wag Price deceleration pro Gram with More rigorous guidelines and possibly introducing a tax based income there would be continuing actions to defend the they probably by building up the Reserve of foreign Curren which the United states could then sell in the markets to make the Dollar More value to accomplish the the administration could sell Treasury Bonds denominated in West German Marks or Swiss or take Down some of the billion of credit the has in the International monetary and the White House has let it be known Carter soon will announce a policy to stimulate mainly by beefing up credit availability in the Export import until the american position had been that there was nothing to be done about the declining Dollar except to wait until the self correcting forces of the free Market began to in some trea sury Secretary Michael Blumenthal among advanced the notion that the de Clining Dollar was actually Good for the because it would make american goods More the earlier policy of benign neglect of the Dollar in world foreign Exchange trading had been castigated by foreigners and Many to those that attitude rep resented a dangerous abandonment of eco nomic leadership by the most powerful 1 worlds key currency to fend for itself was they to removing the rudder from the world financial and trading that could produce instability in the industrialized world and perhaps a 1930s reversion to resulting in another great they but the critics alone did not push Carter into action there were More immediate Rea sons for his decision to move one was that the dollars free fall was being Felt in a particularly uncomfortable Way in the United because it meant higher prices for the decline was transmitting an even faster rate of inflation to the Domestic Price up to a Quarter of the double digit inflation rate in the first half of this year had been induced by the weakening Treasury studies have a second reason was the growing nervous Ness of the newest financial saudi which Sitson a Hoard of dollars Al ready totalling More than not Only were the saudis dollars steadily depreciating with the dips of the but the Oil it and other members of the organization of Petroleum exporting countries sell for dollars was hit by de Facto Price a big question was whether the saudis would continue to restrain other open Mem Bers from instituting another substantial Price the Cartel was debating move into a different pricing which could amount to simply another Way of hiking another Issue was whether the saudis would Lead a night from Dollar holdings by be ginning to Transfer their Cash into other cur which could have brought about a world financial the concern about the saudis assumed such magnitude that Treasury Secretary Blumen Thal and his chief monetary Anthony quietly slipped Down to recently to Confer with the saudi minis Ter of finance and National Moham med who was vacationing in Disneyland with his their purpose was to reassure the saudis that the United states in attaching a High priority to the dollars the finance minister was briefed on the measures planned by and in briefed Crown Prince fahd in the results were a Strong endorsement of the Dollar by Prince Sahd in an interview with a kuwaiti last his statement that the Dollar will again become the strongest currency in world in vestments combined with the other reinforcements the United states was providing to Power the Dollar to substantial gains in the currency markets this to keep the Dollar on the recovery the United states will have to show continued reduction in its trading deficit and Progress in reducing these Are tall but president Carters whistling will land Cut Irish Cheep u River in Ada Law bag u divas Forte if Ritli print pm 17 school of whales ii Alfonso dumb soda 14 social roof 15 rave m medical american poet Pula co words 42 Bland East of Java 41 of the Border Una mein buetaun 4f Netherlands u Down Tcha Liee splay about robot 4 Silvery into ii Domko name Corrida cheer 7 Wanton my tar i storming gait t semite Lap pm m Buffoon by Lindof 11 sauce bean Aam Feo time 8 ii Palm a Fate u bargain Moeini s a j Aoa Arta answer to reate Dayi if Luln Ukraine Buti Vitore u Green place it weather cock grandson of Adam m county in Ireland Mara Tardor is enamelled metalware ii in addition Mark Home near is of old Ace j7 electronic device Csc Evelean garment my Akunne med Ideal Plant 41 to win 44 commotion 41 and not Tab radian Tret 47 French article today crossword 829 Ann Landers dear Ann Landers in a and i know there Are us out there and i would ate it if you would let me column to apology Lee to Thi policeman and to Sodette last night we heard on in Dio that a chemical Plant Tad plodded several Miles my and a big to we jumped into the the traffic was Terrll of other fools were i same before 11 were stuck on a hemmed in on All t Road looked like a driven there was a series of pfc Sions and the smell of fumes nearly knocked us out it could have been a very danger Ous the wont Pii twi that the official police cars and i lances get the traffic because of fools i i realize now what thing i did and i will Neve Taj Chase a fire or any other f Reader 150 dear Covina Tbilisi Public declaration of i takes a big person u v in sure Many j bound to learn from dear Ann Landers a member of our Church i Gan to put on Wel months later she of Flat left the that she was preg the woman is no i is 30 and old enough to a twirl in May she had gave it away As if it was a three weeks ago abet turned to thin smiling and cheerful As if i been on a six month vacate i Monte now it is the Tov Are on it comes our Respo sit gracious and overtook moral 1 dont Tell me woman happens to i of mine and i fed graced the my what ser by dear Bat Whit her to do Wear a and hold a ones forum at the local ctr i instead of giving Itji credit for holding you seem annoyed that innate experience Didat spirit and rain her pie like Yon give me i dear Ann Landers husband need to be out or is it me the Traduce me he my first we few years t dont think it is i him to mention his first i As if he is apologia ing what do you t dear sen your i something else to my introduce my weve Beca married and she still t Doest the Conn dental to Chance it Only u Yot i ing to take him a be i it not a Reform
