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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: Bill Ounce who wrote (291)12/16/1997 9:59:00 PM
From: Todd J.  Read Replies (1) | Respond to of 8010
 
Bill,
A point well taken re: alleged "hype". Although I don't see it totally that way. I feel the documentation is sound. The only place I believe you may find hype is in his (Gary North's)own writings and comments. Also,you said...

"* International banking will have severe problems when compliant USA banks want to make transactions with non-compliant foreign banks. We live in a global economy with international banking transactions supporting trading. Shutdown of the money flow will make today's Asia crisis look insignificant."

I feel the only time US banks will have a problem with forein banks is after the roll-over. Before 2000, everything should be alright technically. By that time our banks will have already collapsed. Ours is a network too and not all US banks will make it on time, hence, those that are noncompliant would corrupt those that are. Also there is no standard for "compliance" among banks. They will have problems interacting anyway, each having their own specific fixes and patches. Nevertheless, I agree about the big picture. The stock market is finished; metals will soar. I have a difficult time understanding how all of this could happen and also why it takes so long for people to take notice and believe the scenario. Thanks for your input.

Todd