Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (55933)	1/9/2001 10:19:39 PM
From: Haim R. Branisteanu	Read Replies (1) of 436258

Heinz, in a debt recession you refinance, further there is always need of new debt at par issues, to hedge against defaulted debt. World of finance always invents some thing new. People still belive in fiat money and as long as gold does not go above 330 to 350 every one is happy. Did Germany go belly up as a result of unification and Russian debt which they hope that they grandchildren may see? No they just marched in place as will the US. Besides there are still 600 bp to go <GGG> BTW remember wen the Swiss had negative interest I think about 20 years ago? You needed to pay up to own Swiss Franks ....... so all IS possible <GGGG> Haim

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