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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce McGaughey who wrote (28328)	11/25/1997 8:11:00 AM
From: Bill Jackson	Respond to of 35569

Bruce, This is a sample of the old boy network in Japan. Bad loans were hidden to avoid embarassing well connected cronies, and the losses mounted. Like the real estate meltdown in the late 80's and early 90's in the USA this will claim a few more victims. However I think we will avoid most problems as our real estate crisis is well past. The Japs have yet to learn that you cannot bury these things. Same with Korea and all the little baby tigers, get the cronies and crooks out if you want your country to survive. Russia has the same problem along with all former soviet satellites. Any Western assets can be simply taken and an ex post facto law passed to make it legal. Many infrastructure operations(oil, Electric, rail, phone, etc) will see most of their Sovier/Satellite assets stolen this way over the next 5 years. Bill