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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: long-gone who wrote (74999)	8/15/2001 4:13:18 AM
From: E. Charters	Read Replies (1) of 116811

South Africa is a country in crisis. The changeover to black rule cause more problems than it solved. Since now there is no effective control on the Bantu-Zulu tribal clashes there will be more and more upset until there is a bloody civil war. Advising/threatening that some fuzzy sort of non democratic "sharing" process will forestall widespread goverment supported terror is not providing anyone with a solution that they must or should participate in. It is bound to be ignored. Fair warning here can hardly be heeded. What should the farmers or business men do, sell for peanuts and run? SA will go the way of the Congo with all sorts of outside influences looking to walk in and pick up the spoils. The whites of course will not fare well. They are typically blind and could not see that the compromise of democratic rule would not work with all the conflicts that would come, and they do not see that leaving now or some other drastic measure is perhaps their best card. I foresee a conflict with the whites supporting the ANC to get their protected equivalent of a Bantustan. The only good thing that can come of this is a higher price for gold and diamonds. If the state is reshaped as it probably should be anyway, for everybody's future peace, it will probably not help the medical issue which are a whole other world of problems. The inevitable split of SA would form three states. I cannot see that as harmful thing. An unworkable democracy that is too "free" too soon, and too violent is satisfying no concept of human rights redress. All you get is a new boss who is as effectively incompetent as the old boss for different reasons. What the new boss says he make up for in tolerance he loses in inability to control the society. And I don't know that he is any more tolerant at that. EC<:-}

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