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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (2134)	9/29/1999 10:19:00 PM
From: paul ross	Read Replies (2) \| Respond to of 3536

Hi Ron; >>>>The CB's have taken an active role in accumulating gold over the past hundred years or so,AT TAXPAYER'S EXPENSE. To now tell the gold consumers that these storehouses of accumulated precious metals will no longer be available to them, essentially perpetrated an economic attack upon the US dollar.<<< So the EURO CB's have wasted their country's wealth by buying gold.Almost fell out of my chair laughing<G>... Could you go into a bit more detail on how this constitutes an attack on the U$D? >>>My suspicion is that the European bankers want the US economy to slow even more (the idiotic IMF leadership has been pressing the Fed to raise interest rates up to 7%) so that Europe doesn't get left in the US' economic dust. So they are now essentially forcing an attack on the US dollar by using the golden hammer.<<<< I prefer the explanations one of your old friends<g> presented over on the GPM, that, in fact, this move had been contemplated as far back Feb 99 Message 11397926