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To: Alex who wrote (39312)	8/20/1999 8:29:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 116856

Creation of Money: I've got a very simple question about the current US monetary system. Who gets to keep the profits made when a piece of paper only worth a few cents (a US $100 bill) is introduced to a market where it can buy $100 worth of goods? A $100 bill probably only costs a few cents to make. Some paper. Some ink. And a printing press used to make millions of the things. Let's say for the sake of argument it costs $0.10 to make a single bill. Once the $100 bill goes into the marketplace, it can buy $100 worth of goods. *Profit = Sales price - costs = $100 - $0.10 = $99.90 Where do these profits go under our present system? I would be very thankful to anyone who can provide me with a simple explanation of where this money goes. Thanks in advance, THC

To: Alex who wrote (39312)	8/20/1999 10:20:00 PM
From: Rarebird	Respond to of 116856

Riots in Peru against Barrick and Antamina copper-zinc mine Peru Military Thwarts Mine Protest HUARAZ, Peru (AP) - Peru's military took control of this Andean city Friday to halt a protest involving two nearby Canadian-owned mines. Heavily armed soldiers guarded bridges, gasoline stations and public buildings in Huaraz, a provincial capital 175 miles north of Lima. Thousands of people took to the streets on Thursday at the behest of Mayor Waldo Rios, to demand a greater share of jobs and profits from Antamina copper-zinc mine and Barrick Gold Corporation's Pierina gold mine. Rios said his city of 150,000 people had been betrayed by promises of foreign investment and regional development. "The only things we have more of now are higher living costs and prostitution," he said. The central government is supposed to send 20 percent of mining profits back to local communities. Rios said Huaraz has not received its fair share. A Barrick official told The Associated Press the mayor's complaint is with the government, not the mine. Antamina officials declined to comment. marketwatch.newsalert.com