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To: xcr600 who wrote (7349)	1/4/2001 11:29:32 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

As they say, that is it, in a nutshell. The final piece of the puzzle, the trigger, bail out the banks, which is what I have been saying....All the dominos, I mean money center banks, are linked in a wheel, and if one hits a bump like that, it will take other spokes down with it. Anybody remember the banking crisis from the 1980's? (not the S&L bailout, the 4 Square or whatever thing?) Thanks for the link.....

To: xcr600 who wrote (7349)	1/5/2001 8:57:12 AM
From: Bucky Katt	Respond to of 13094

Russia To Skip Debt Payment Thursday, Jan. 4, 2001; 9:21 p.m. EST MOSCOW –– Russia won't make its first-quarter payments this year on the billions of dollars of debt owed to nations known collectively as the Paris Club, a government spokesman was quoted as saying Thursday. But the decision "does not mean and has nothing to do with a declaration of default," the Interfax news agency quoted Gennady Yezhov, spokesman for Finance Minister and Deputy Prime Minister Alexei Kudrin, as saying. "A decision on the former USSR's debts will be found after an International Monetary Fund mission comes to Moscow in late January or early February," he said. The government information department later said that Russia plans to pay all the amount shceduled for this year, the news agency ITAR-Tass reported. Russia owes about $48 billion, racked up by the Soviet Union, to the Paris Club countries, a group of industrialized nations that includes the United States. The debt was defaulted on in the 1991 collapse of the Soviet Union and again in the August 1998 financial crisis when the ruble's value plunged. Hmmm, another nail in the coffin??