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Gold/Mining/Energy : GOLD-XAU
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To: Richnorth who wrote (752)12/20/1997 11:14:00 AM
From: Bucky Katt  Read Replies (1) of 1756
 
RN-- I was just in Mexico, and the man in the street there is hurting, regardless of what the papers say.
As an example, loan terms on a new Nissan car are 38% apr for 18 months! Is that the sign of a stable currency?
The US bail-out to Mexico was reported in the press as bing paid off early. The part they left out was the Mexican's floated bonds to Germany to cover it. A big shell game where the principal is never paid, just rolled, just like Korea.
The advice you got from the Canadian brokers shows just how arrogant they really are. In a few year some of those "experts" at the brokerage offices will be doing what they do best, selling used cars.
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