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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (613)	6/24/2002 10:29:13 AM
From: Jim Willie CB	Respond to of 89467

thanks, Don, good to read of Barrick damage control efforts Barrick cash mgmt disclosures point to margin calls this was all discernable back in May they no longer hold corp bonds in cash that cash is probably sent back to JPMorgan et al how does one define "margin call"? Barrick claims they can forever roll over underwater contracts that is utter horseshit nonsense can they roll them over for 15 years? and up production with no new discoveries? and run out of reserves also in 15 years? if Barrick's gold bankers allow perennial rollovers, with no margin calls, then the bankers themselves assume all hedged risk from forward sales this is pure crapp for public consumption Barrick was created over 10 years ago by the Federal Reserve and JPMorgan for the hidden purpose of selling gold from the Fed's tonnage of gold now we are starting to see leaks from the Hedgebook interesting I sincerely doubt that Sprott of the National Post was cleared to view hidden contracts with Barrick gold bankers Sprott was shown what Barrick wanted him to see Barrick is deeply exposed this is pure damage control I wonder if they bribed Sprott in some way, probably / jim