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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (357)	1/23/2003 4:17:07 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 1210

just saw the Russian CB news this has big implications it signals a new direction for exporting nations Russia exports oil & gas, and strategic metals to publicly state official intention to expand gold holding represents a severe political risk, visavis the USA they dont state it, but they will purchase more gold Russian private citizens and mafia alike are loading up on gold I believe we are on the cusp of pan-Asian slowmo abandonment of USTBonds they realize the risk to the banking systems fully 75% of world reserves are sitting in banks as USTBonds this is utterly and indisputably insane it is the result of economic and military blackmail by USA leaders the trend will soon emerge for banks to shed TBonds otherwise they risk suffering on bank deposit requirements the fractional banking system is like margin debt to stockholders if you are not careful during a decline, your bank is killed last bank holding excess TBonds dies !!! last nation shedding most excess TBonds crumbles !!! just like Argentina / jim