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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (7692)	9/6/1999 3:52:00 PM
From: m.philli	Read Replies (1) \| Respond to of 81226

Thanks Double D. No, it would not necessarily be "evil" or a plot, or a conspiracy. I just saw the idea being bandied about, thought it could possibly be dispelled one way or the other. Even if they became aware of a big increase in gold carry trade, it would be good business to adjust their policy to reflect this. On the Canadian gold sales, how would one determine if the currency derived from gold sales went back into other currency reserves? If the money goes into general revenues, it could be used to fund social programs or something like that. could it not? Peons get their social programs Elite don't get taxed as much to pay for it. Government gets re-elected. Less gold may mean a weaker currency, Nafta means U.S. competition Canadian productivity does not equal U.S. productivity Lower dollar is necessary for competitive purposes. Is there a couple of charts I could examine to see if increase in foreign currency reserves corresponds to drop in gold reserves? Guess I'll wonder off over there for a week, if you can give me a direction. thanks, mike