Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (63167)	3/21/2003 11:45:04 AM
From: Real Man	Read Replies (1) of 94695

pacific.commerce.ubc.ca The rush to exit from the dollar in Russia continues. Commercial banks have lowered buy rates on dollars. Now an article has appeared in the Russian press about US freezing 1.4 billion in private assets of Iraqi citizen, which is a direct violation (it states) of IV-th Gaage international convention. The article title is "US started robbing Iraq". It states these assets are going directly to US Federal reserve. It also states that this is only the second time this is done. The first time was done by Clinton against Cuba. It states that the assets of terrorists were frozen in 2001, but not confiscated. I guess, this must give a lot of confidence for foreign US government bond holders, and European CBs holding gold at Federal reserve? -ng- I think the dollar is artificially supported here, and the fall, when it comes, may be very dramatic.

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