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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Tom M who wrote (95684)4/18/2001 12:34:06 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
Venerosos & associates estimates that at the current pace of gold lending, the CB's reserves will be GONE within 6 years time. of course the lending should stop well before that happens...thus we get these frequent lease rate spikes, as it becomes more difficult to roll over maturing loans, let alone incur additional ones. the biggest lenders wells have run dry by now, and it appears they've run out of third world CBs to plunder as well.
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