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To: TobagoJack who wrote (111617)	7/8/2001 9:27:16 AM
From: James F. Hopkins	Respond to of 436258

Thanx Jay; I knew about the cash in Japan , and couldn't put my finger on why they held so much except for not trusting the Banks or Government..I expect they swap the type of currency from time to time when they see a trend set in and in that way play the currency market sort of under the table & with out having to pay taxes on any gains. A sort of black market in currency. I've seen that over the years in a lot of South American countries I visited and even in Africa.. Particularly where the Gov has a set exchange rate. The last time I was in Nigeria I could get 200% for the "stashed cash" I had over the exchange rate, but that's been some time ago and I don't know what the going black market rate is now. One thing I've almost always found was U.S. cash cash could buy twice as much if a person looked around and got off the beaten path. ( Even here it works if you find someone to deal with who wants to avoid taxes ) Cash Cash can often get you real estate and cars at a good discount if you look around. ------------------------- I didn't know that Hong Kong had the cash cash thing going but I should have figured that. Thanx again. Jim PS maybe when stocks get cheap enough some of that real cash will come out of hiding, untill then the CNBC crapola about Money Markets being cash on the side lines is just hog wash, there is likely twice as much as they talk about hidden under beds around the world.