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Gold/Mining/Energy : Gold Price Monitor

GDXJ 119.96

+2.0%

Dec 22 4:00 PM EST

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To: Pete Young who wrote (11937)	5/20/1998 10:51:00 AM
From: William JH	Read Replies (2) of 116820

Re: "historically high default rate n credit cards." I have a VISA issued by a credit union in a small town in the Mojave Desert in Cal. They recently sent out a mailing to say they were raising the interest rate to 10.9% from 9.9% due to the large number of folks who were declaring bankruptcy and not paying off their cards. They also now offer debt counseling to members free, something new. My question: When a person doesn't pay their credit card bills for purchases made, aren't they creating paper money from nothing? Regards, WJH

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