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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (6063)	9/1/1998 12:30:00 PM
From: peter michaelson	Read Replies (3) of 9980

Stitch: I feel that Malaysia may be quite wise in restricting currency flows at this time. It's easy for us wealthy folks to say the world should play by the same rules that made us wealthy. The playground big guys make the rules, but I was small physically as a kid and had to use my wits to get ahead. Malaysia is running out of the dollars which will be needed to service debt and remain a good debtor nation. The dollars need to be conserved at this point. The government has held off this for a long time in hopes that dollars would start to flow back in, but this has not happened. You don't want a Russia scenario in Malaysia - bad for everyone. Stitch, spend some time in Africa! Almost all of those currencies are restricted. It has nothing to do with mysterious easterners, IMO. I don't argue with your point of bullies within Malaysia faring better than the poor - absolutely. The rule of law is fragile. When the bullies (Malaysian bigwigs) no longer care what the teacher (G-7)says, watch out! peter

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