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To: goldsnow who wrote (4562)12/21/1997 2:10:00 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 116741
 
Thank you for that confirmatory quote and URL to my declaration earlier on this thread: China started competitive devals in order to "absorb" HK. Goldsnow. (Your URL for those who missed it) afr.com.au

The other commentary I wld like t'bring forward for this forum t'note from your delicious URL:
As a first step, the IMF should require that China
and all other emerging economies be refused access to lending
unless they begin consistent provision of transparent data
in a timely manner. This would allow for more intensive
evaluation of their economies. Greater foreign
competition in the banking systems and formation of an
active and aggressive bond market would also provide
more external scrutiny.


my commentary
Does anyone besides me see how violent the reaction of a closed society to the demands of IMF,( an outside agency w/the gold) will be to said demand for "FOREIGN COMPETITION" "PROVIDED BY MORE EXTERNAL SCRUTINY" of "TRANSPARENT DATA?"

HOW ARROGANT!!!
IMF=God?
I smell riots, chaos and more suicides...
terribly sad to watch a people go through the throes of change to capitalism...
when said bastion/example of capitalism is US, the world's LARGEST debtor nation,
with probably the most corrupt politico's the globe has ever seen...
and the day of the bigggggggg sale, ala Asian "dumping of goods"
is arriving when consumer debt is at its absolute max and personal bankruptcies are higher than ever...

Gonna take more than the "IMF" to turn this ship...

No wonder gold price looks attractive to Dollar based economies...



To: goldsnow who wrote (4562)12/21/1997 2:58:00 PM
From: Wade  Read Replies (1) | Respond to of 116741
 
Goldsnow,

China has been the center of Asian economy for thousnads of years. I was surprised that there was no discussion of the Chinese impact on the recent SEA crisis. I pointed this out on 11/30 at:

exchange2000.com

There were some typos in that post. But, my point was similar to URL you just posted. I hope this subject can bring in more discussions. Thanks for the link.

Sincerely,
Wade