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To: Cynic 2005 who wrote (60688)	9/7/1999 3:44:00 PM
From: IceShark	Read Replies (1) \| Respond to of 86076

Holy Smokes! I can't believe they let that go into print. Guess they want a bean counter way to present the books without further hammering the AU producers. Black families in southern Africa are going to have a baaad time. Between AIDS and mine unemployment ...... Heinz probably knows this better, but mine workers are falling off the payroll due to aids at a fairly high rate.

To: Cynic 2005 who wrote (60688)	9/7/1999 3:59:00 PM
From: IceShark	Respond to of 86076

Ipicked up some POS2 poots. Pity me.

To: Cynic 2005 who wrote (60688)	9/7/1999 9:07:00 PM
From: Ilaine	Read Replies (5) \| Respond to of 86076

>>>>>Under the plan, countries which owe the IMF money from past loans, such as Mexico, would buy IMF gold the day before loan payments are due and then repay the installment the next day with the same gold, sources familiar with the scheme told Reuters. The plan raises cash for the IMF because the fund values the gold on its balance sheet at about $46 an ounce. Since gold is actually worth about $255 an ounce, the transaction would net the IMF profits of about $209 an ounce, or about $2.1 billion.<<<<< Now let me get this straight. Mexico owes the IMF $X billion dollars. The day before the loan is due, the IMF "sells" Mexico gold at $46 an ounce (on credit, no doubt), and then the next day, Mexico pays the IMF the loan payments (and maybe for the $46/oz gold) using the same gold (which probably never left the IMF vault) now valued at FMV, say, $255 oz. I'm not an accountant, but I think if a bank tried crap like that, the FDIC would shut them down. WTF????? How does selling gold at a loss "profit" the IMF?