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To: KevinThompson who wrote (6155)	5/22/2000 12:23:00 PM
From: KevinThompson	Read Replies (1) \| Respond to of 13094

Here's an example of what I'm saying: U.N. CHIEF CALLS U.S. FOREIGN POLICY "SHAMEFUL" May 22, 2000 Reuters reported: "U.N. Secretary-General Kofi Annan on Sunday called the United States "shameful" for skimping on foreign aid to the world's poorest nations where many people live on $1 a day. In a commencement address to Notre Dame University, Annan said too many developing countries had no basic funds for education and health because they needed to service their foreign debt and lacked trade outlets. At the same time foreign assistance had declined, although many parts of the world were getting richer "at almost vertiginous speed," he said, according to his prepared text. "It is particularly shameful that the United States, the most prosperous and successful country in the history of the world, should be one of the least generous in terms of the share of its gross national product it devotes to helping the world's poor," Annan said. "I am sure many of you share my feeling that this is unworthy of the traditions of this great country," he added. The United States is the second highest contributor in foreign aid after Japan in absolute terms, spending close to $9 billion a year. But this amounts to only about 0.10 percent of its GNP, which puts Washington in last place compared to all western European nations, Canada and Japan, according to the Organization for Economic Cooperation and Development. Nearly half the world's population lives on less than $2 a day and some 1.2 billion people, including 500 million in Asia and 300 million in Africa, had to make do on $1 a day..." Is there any doubt that the "globalists" don't have the US economy in their crosshairs? KT

To: KevinThompson who wrote (6155)	5/22/2000 5:03:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

One has to wonder, either these folks at the FED are incompetent or there is a hidden agenda. I for one don't think they're incompetent. I think they know exactly what they're doing (sinister as it may be to our nation's economic health). It is hard to imagine that anyone would think it actually a good thing for the economy to have another couple harsh rate hikes. As you've so well pointed out, we are only now experiencing the effects of the first one or two 1/4pts. The macro economy is a huge beast with lots of momentum and inertia. Not too easy to turn on a dime. Kevin: Just as the Vietnam War was really being fought for the oil in that region, and the Gulf War was fought for the same reason, you can bet your Bippie that $$$$$ signs are driving the current FED activity... Who knows, maybe there really is a Cigarette Man... : > Jim