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To: lorne who wrote (35378)	6/15/1999 8:38:00 AM
From: long-gone	Respond to of 116759

O/T? Secret 'slush funds' new government scam Hoarding has escalated in the 1990s Editor's note: This is the second of a two-part series.. (prize quote) They buy government backed bonds and government investments," Gann said. "So every time they sell government-backed bonds, the biggest buyers are the government investment money pools. It's a vicious cycle. They're creating the money to go out and buy more debt to incur more debt. (cont) worldnetdaily.com

To: lorne who wrote (35378)	6/15/1999 8:57:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116759

'Do as I say, not as I do,' is the Fed line << In normal times the Fed could increase interest rates today as a precautionary measure and cut them again if demand falters. Today that is a high-risk strategy. If a rise in rates causes the stock market to crash, experience shows that cutting rates will not stop the economy from following. It is like another famous crash. All the Fed's horses and all the Fed's men cannot put Humpty Dumpty together again. >> thisislondon.co.uk ***** Morning Lorne, Sure would like to know what the changes to the LBMA rule book were ... Nothing on their site, I just checked. John PS - Did you get a response to your letter to the Canadian government about the gold sales? ... Just curious ... Answer by PM if you like.

To: lorne who wrote (35378)	6/15/1999 9:05:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116759

Fed's Guynn lists reasons Fed may raise rate << Federal Reserve Bank of Atlanta President Jack Guynn on Monday spelled out five reasons why the Federal Open Market Committee (FOMC) may raise the benchmark federal funds rate when it meets on June 29 and 30. In a sweeping overview of the U.S. economic outlook, Guynn listed a recovering global economy, a lenient U.S. monetary policy, rising market rates, rapid money growth and tight labor markets as red lights pointing to rising inflation risks. ''In my judgment, the risks are currently weighed toward the possibility -- though not the inevitability -- of growing inflationary pressures,'' Guynn told a Carreker-Antinori conference on new banking technology. ''We are prepared to adjust policy if and when that seems appropriate.'' Guynn is not an FOMC voting member this year, but policymakers' key speeches on monetary policy usually receive the Fed Board's stamp of approval before being made public ... more ... >> biz.yahoo.com