Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: PaulM who wrote (4921)	12/29/1997 11:52:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116756

Here's the way I figure it went down t'day: The NY Bankers got the FRB to guarantee their rollover by hedging THEIR currency risk by access to this US Stabilization and Exchange Fund controlled by Rubin. Just follow this fer a minute... What if... Japan coughs up $20Bill dollars and gets back 14 bazillion won, and Mexico does same and USA ...ditto, and Germany... and whoever else wants in on t'action...UK maybe? then...all of us take our won and go home. Korea now has all these dollars which are worth more than won...pays their current OVERSEAS debts, (notice how much emphasis in the press has been on the fact the "troublesome So. K. debts are OVERSEAS responsibilities...) We go to our respective homes, wait for things to blow over in Korea... We all write swaps for these won we all suddenly are bulging with, and promise to leak them back into the market at say, oh, how does 2% lease rate net 30 sound? Same ole game as leasing gold, only it ain't gold, its *won-ton!** Afterall, how does a bank make money on their "dead foreign exchange holdings" unless they lend 'em out???? BY CURRENCY HEDGES IN THE OTC MKT! The mechanism, swaps, options etc are already in place... it's just not been used on this scale before to rescue a BIG nation's booboo's... If it works like it's s'posta... then we will do it in just a few for Japan, and then bring all those bucko's back to US so that EMU can get off on a good foot... Ain't fiat "leasing" fun???? I'd bet you next year's profits from my trading account today's powwow at J.P. Morgan Manhattan was over in an hour MAX, b/c it was jist negotiation over how much the WON leasing rate is gonna be... Any takers?(grin) O/49r (*TONS of Won)

To: PaulM who wrote (4921)	12/30/1997 6:15:00 AM
From: Bobby Yellin	Read Replies (3) \| Respond to of 116756

That Rubin didn't want to give more money initially and his then quickly coming through suggests the bankers are acting out of desperation.. a rifle (not a gun) to their heads..The brass butterfly is flying on its own wings.. Clinton gave raise to federal employees..glad there is no inflation. Let us watch a policy now that will add money to our economy from government policies. Soon we should be hearing about more and more layoffs from European and Asian companies. Probably seed money from SE Asia to found fledging tech companies here should stop.