Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: ldo79 who wrote (5654)	12/20/2001 2:42:04 PM
From: Davy Crockett	of 36161

Scary isn't it. Censorship alive & well in the Western Free world. Another note a lot of chit is happening in Argentina. Things are very fluid & changing minute by minute biz.yahoo.com BUENOS AIRES, Argentina, Dec 20 (Reuters) - Shell-shocked Argentines lined up at banks to withdraw savings on Thursday fearing financial chaos after deadly riots enveloped the country and the embattled economy minister quit. Weeping housewives and stunned bond traders alike scrambled to protect themselves from what many now see as an inevitable debt default or currency devaluation, either of which would bankrupt thousands and deepen a brutal four-year recession. Fearing their life savings could be instantly wiped out or confiscated by the cash-strapped government, many Argentines poured what money they had into anything they could find with real value -- including stocks, real estate, autos and jewelry -- while others stashed dollars under their mattresses. Widespread panic followed the resignation early on Thursday of unpopular Economy Minister Domingo Cavallo -- whose tough public salary cuts and controls on bank deposits only made the long slump worse -- following the worst civil unrest in a decade. Hope they had the foresight to buy Gold. The ultimate currency hedge. Regards, Peter

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