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To: stomper who wrote (52133)	9/2/2002 1:00:55 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 209892

A poster named "Whipsaw" on our site had this to say........ Posted on Sunday, September 01, 2002 - 2:33 pm: -------------------------------------------------------------------------------- dailyreckoning.com The Mogambo Guru August 27, 2002 - The Fed pumped up raw Fed credit to the tune of five billion last week, probably to finance the new IMF packages to Argentina and Brazil. Which I assume immediately flowed back out and into the USA and Spain, so as to be beyond the reach of the confiscation of assets by inflation that is sweeping those countries, to name but two. The Fed also monetized another $2 billion of government debt during the week, magically turning debt into fresh fiat cash to further debase all the existing cash. Seems like a reasonable assumption though the dollar amount is a little high IMO. Lets hope it is South Amercia and not us. I am a bit short here but I dont want to see any major break downs, at least not yet. -g- Good Luck, Lee