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Gold/Mining/Energy : Gold Price Monitor

GDXJ 118.97

-0.9%

Dec 24 4:00 PM EST

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To: lorne who wrote (3442)	11/23/1997 7:31:00 PM
From: lorne	Read Replies (1) of 116823

Found this story on" BT on Line" Nov.22/97 Has anyone heard of this before or ever heard of this person. Wonder if he holds gold, maybe this is just fiction. Once upon a time... CONSPIRACY theorists will love the latest issue of newsletter World Money Analyst, a product from Welt Research. According to the newsletter, the most powerful man in the world is not Bill Clinton or Alan Greenspan but a "shadowy figure behind the scenes in China". The man in question is Wang Jun, chairman of China's largest corporation, the China International Trust and Investment Corp, and son of China's late vice-president Wang Zhen. The point, according to World Money Analyst, is that Mr Wang Jr has orchestrated the most rapid buyout of US Treasuries in history and China is soon set to be the third largest holders of US debt in the world. The plot thickens with the newsletter suggesting that China/Mr Wang could pull the plug on the US (and the rest of the world) by dumping US Treasuries in a bid to gain world supremacy. "The subsequent money crisis would send the (US) economy into the toilet. And the stockmarket along with it." Bad news for anyone unprepared, portends the newsletter . . . unless of course you immediately sign up for a subscription for a low low price of US$478, in which case salvation is just around the corner!

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