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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: PaulM who wrote (7870)	2/25/1998 10:40:00 AM
From: IngotWeTrust	Read Replies (1) of 116764

Tell U what's discombobolating 2 me, Paul, and that's this: We bashed Mexico during the last Peso Deval for NOT having a currency board. *And* we insisted on Argentina creating one and now brag t'high heavens on how wonderfully Argentina solved their currency probs and what an exemplary fiscal global citizen they are. Then along comes Indonesia who doesn't want US controlled IMF jerking their chain, esp. just before Suharto croaks, who sez: "We're going Currency Board!!!! and IMF comes down on them like a tonne o'bricks with a "how dare you, Indo" and sends over the "big stick" to beat'em into compliance. DON'T GET ME WRONG, PAUL. I don't have any love lost for Suharto and CroneyCapitalism such as he stands for in spades. Esp. after the Bre-X scandal. But after last nights excellent post by someone to Lalit on the Gold-Xau topic about the fierce rivalry between BIS way o'doing things and the IMF(US) way o'doing things... well, one has to look below the surface at this IMF dismay attitude, right?

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