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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: William JH who wrote (2710)12/18/1998 11:37:00 AM
From: Bill Murphy  Read Replies (2) of 80979
 
William,
Not sure whether Armstrong will be right or wrong. But my view is that all this is going to cause defaults - then fear. On www.lemetropolecafe.com, Charles Peabody, highly regarded banking specialist is going to put up 3 articles on the banking system.
Net Net - They point to serious mismanagement and inflating balance sheets to make it "seem" that all is better than it is. Same thing the Japanese did in the late 1980's. What was that called "zaiteck'???
When the s hits the fan. Gold moves north.

Bill
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