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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (36244)	7/1/1999 8:22:00 PM
From: John Soileau	Read Replies (1) \| Respond to of 116753

<< seems like - Japan counterfeited its currency equal to US 400 million dollars - Japan gave USA government the phony Japan money - Japan now has "clean" USA Bonds>> Japan took paper and added ink and turned the paper into a "reserve" currency, yen. Then they traded this inked paper for US bonds, slightly different paper that the US added some black ink to. So now Japan holds a pile of someone else's inked paper, and calls it a "reserve". The BOE in a few days will sell its physical gold (deemed no longer worthy to serve as a "reserve" asset), and will use the proceeds to buy the aforementioned paper-plus-ink spewed out by the US and Japan. And this is done for the stated purpose of "improving" the portfolio of the Bank of England, better insulating it from risk of loss. As Wayne said, "Yeah, and monkeys might fly out of my butt." No wonder they lost the Empire. John