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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (3447)	11/23/1997 1:54:00 PM
From: Terry Rose	Read Replies (1) \| Respond to of 116814

I am confused by this report for the following reason. Over the last few weeks, the Chinese Central Bank has been defending the Hong Kong dollar against a devaluation, why would you devaluate your other currency? Also, how does a country have two currencies? One other tidbit I would like to throw in. The current currency crisis in Asia started around the time that China took over Hong Kong and all their banks. If these banks who were major lenders to the region were to suddenly stop lending or even worse call in loans, all hell will break loose. A stunning example of a liquidity crisis occurred in the U.S. at the turn of the century and there is evidence in the U.S. archives that this really happened. Heads of all U.S. banks were instructed at a predetermined date to call in all their loans. The results were as expected: a major liquidity crisis and resultant recession and or depression followed. For what it matters this message was delivered some 2 years in advance of its implementation. There is a video which goes into more detail about this and other Halloween surprises inflicted on us. If anyone is interested, I will try to find out where to order it, and post it when I know. It is entitled "How the Federal Reserve Robs Us Blind" and is a must see for anyone currently investing in the markets.