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Gold/Mining/Energy : Gold Price Monitor

GDXJ 134.74

-0.9%

Jan 21 4:00 PM EST

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To: long-gone who wrote (9999)	4/15/1998 8:41:00 PM
From: Abner Hosmer	Read Replies (1) of 116898

Richard - Was just reading the WSJ at the grocery store and there is a long editorial in todays issue that lays the blame for the Asian crises square at the feet of Camdessus and the IMF. They documents the fact that Camdessus went over there numerous times hounding them all to float their currencies, when any fool should know that these currencies do not float well in these kind of situations. They specifically cite Thailand, where this whole mess got started. They go on to say that countries who let interest rates rise to whatever level necessary to defend their currencies from the specs, eg Hong Kong, Singapore, Brazil, came out ok. Now this jerk is going around the world scrounging up US$285 BILLION to clean up the mess. Like all good bureaucrats, looks like Camdessus was just trying to drum up some extra business for the IMF. They probably needed another US$10 billion or so for their pension plans. I'll bet he's tight with Soros. I'm sorry man, but as far as I'm concerned they can take all of these extra-governmental organizations out back and shoot them. Ask bobby y about undershaft. He's been mentioned on the thread several times. TB

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