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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (97750)	11/6/2002 10:31:17 PM
From: Joan Osland Graffius	Read Replies (3) \| Respond to of 132070

Wayne, I have not been very active moving my capital to foreign holding lately. Did buy some AAUK and have been working on getting a low average price on the stock. I did some research and sure like Norwegian government debt. It looks like the governments balance sheet is positive as they hold oil assets. The central government lends to the "states" or what ever they call them, money and creates debt. The money they lend is to cover expansion in schools, infrastructure, medical facilities, etc. As far as I can tell none of these states has ever defaulted on the debt they receive from the central government. When I was looking at the debt it was around 4.5 to 5 percent for 4 year instruments. The brokerage houses will do a deal in 100,000 US dollars lots. Merrill Lynch is the least cost brokerage house to do the deal that I have been able to find so far. I am still thinking about it. The risk is if the Norwegian currency drops against the US dollar. Their currency seems to be sensitive to the price of oil and maybe a place to think about putting some funds if oil tanks like it did in 1998. I did add to my Tice Safe Harbor fund this week. I do like the foreign government debt he owns (He has some of this Norwegian debt). This fund is not for the person that does not like gold since he has 20% in gold and 80% in high quality foreign government debt.

To: Freedom Fighter who wrote (97750)	11/8/2002 8:42:42 AM
From: re3	Read Replies (1) \| Respond to of 132070

hello Wayne...you like the concept of "get your money out of the country", yet you like berkshire...isin't all of berkshire tied up with american $$$ ?