13JULY1931, Prohibition Crushes Germany
German stocks dropped MAY1927 when dope profits became liable to income tax; NOV1928 when Hoover was elected & Rothstein killed, SEP1929 when the League of Nations endorsed global dope limitation, DEC1929 when German drug law called stimulants narcotics, 13JULY1931 when Germany signed the Narcotics Limitation Convention. U.S. Newspapers omitted mention of the wool-packed narcotics intercepted from Hamburg in April and made no mention of the Dope Limitation Convention signed the day the bottom fell out of Germany's Bourse and banking system . Yet officers of New York's Bank of United States were at that moment still being tried for bank fraud with nary a word about the half-ton of morphine the feds noticed arriving aboard the Alesia 09DEC1930, two days before that bank suffered fatal runs. No government is in a hurry to admit banks are failing because of government prohibition laws, and newspapers prefer to let readers connect the dots: 13JUL1931 Monday, La...