All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: Lucretius who wrote (14604)	3/4/2000 1:31:00 PM
From: Thomas M.	Read Replies (1) of 42523

Mogambo Guru 9241 54 St. N, Pinellas Park, Fla. 33782 FEBRUARY 22 ~ Foreign holdings at the Fed is a statistic that doesn't change that much. Since last August, for example, the average weekly change has been give-or-take $3.8 billion with a small standard deviation. But what I thought was a horrendous typo turns out to be accurate after all; some foreigners (probably Japan) have plowed an unbelievable $100 billion into the Fed in the last two weeks. This is a 14% increase in the entire foreign holdings at the Fed. In two weeks! A transparently desperate ploy to keep the prices of bonds high and interest rates low so as to protect the trillions of U.S. bonds in their vaults from vaporizing their budget accounts. The Japanese are approaching their fiscal yearend in March, so a desperation move makes sense; the Japanese government has never been the least bit reluctant to commit one gigantic fraud after another. -RICHARD DAUGHTY

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