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To: tshane who wrote (35549)	6/18/1999 2:42:00 PM
From: Don Green	Respond to of 116762

U.S. says IMF gold sales to take place over years COLOGNE, Germany, June 18 (Reuters) - The sale of International Monetary Fund gold to finance debt relief would take place over years and would be designed to minimise an effect on gold prices, a senior U.S. official said on Friday. ''If and when gold sales are approved by the U.S. Congress and approved by the IMF's board, they would design a carefully phased programme that would take place over a number of years and be designed to carefully minimise any effect on gold prices,'' U.S. Undersecretary of the Treasury for International affairs Timothy Geithner told reporters.

To: tshane who wrote (35549)	6/18/1999 2:43:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 116762

U.S. says IMF gold sales to take place over years << The sale of International Monetary Fund gold to finance debt relief would take place over years and would be designed to minimise an effect on gold prices, a senior U.S. official said on Friday. '' If and when gold sales are approved by the U.S. Congress and approved by the IMF's board, they would design a carefully phased programme that would take place over a number of years and be designed to carefully minimise any effect on gold prices,'' U.S. Undersecretary of the Treasury for International affairs Timothy Geithner told reporters. >> biz.yahoo.com Amazing ... 'if and when' ... They are finally acknowledging that it is not a sure thing! PS - Sorry for the duplicated content ... posted at almost the same time as Don's message.

To: tshane who wrote (35549)	6/18/1999 3:11:00 PM
From: long-gone	Respond to of 116762

<<Have a bright, cheery, wonderful day.>> Why & how in this manipulated MF of a market?

To: tshane who wrote (35549)	6/18/1999 6:53:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116762

Never in our history has reverse Robin Hood prevailed so much as today. Just 12 months ago Congress was bamboozled into additional IMF aid by Rubin, Greenspan and Co. who told us the IMF had never "lost a penny" of the taxpayer's money. Today, the IMF is eating the largest sovereign default since the 30's--did I call it default?--to the tune of $90 Billion. Of course, none of this affects the markets, because IMF money is just taxpayer money (and taxpayer gold). In fact, for the Chases and the Citibanks of the world (who aren't required to participate in debt relief) this is a great deal, because the third world is now much more able to service their debt. On top that, we're sold these losses under the banner of "relief" for "poor countries," as the G-7 finally "gives in" to the demands of the usual rock stars, left wingers other activists playing right into their hands. Not a bad days work.