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To: Paul Fiondella who wrote (19321)	12/31/1997 12:09:00 PM
From: J R KARY	Respond to of 42771

Hi Paul good observation : "banks and their mafia friends in Asia" Been enjoying the discussion on this thread about the "Asian Monetary Crisis" . Your comment on the mafia certainly aligns it with our "S & L Monetary" crisis . It seems that when monetary greed arises to a "crisis" government steps in to avoid "instability" and rewards the lenders with "guaranteed loans" . Could the root cause of this "crisis" be the Swiss Bank's announcement it was going to unload its huge gold hoard ? Could never understand why a banker would forecast his intentions to the world LONG before selling the backing of most currencies. Certainly the Jewish folks who placed their gold with Swiss Bankers during WW II wouldn't want it depreciated before it is repaid to them. Hope my suspicions are just suspicions and I have never invested in gold. Happy New Year, Jim K.

To: Paul Fiondella who wrote (19321)	12/31/1997 12:40:00 PM
From: Rich Young	Read Replies (3) \| Respond to of 42771

Hi, Paul. PMFJI. Have you been watching the ticker at all today? Seems like they're just letting it drift down on lots & lots of very small trades on the bid, which leaves me with the impression that the move yesterday had more substance than today's pullback. Then again, all the pros are at home til Monday, so this could all just be noise. Rich

To: Paul Fiondella who wrote (19321)	1/2/1998 1:09:00 PM
From: dwight vickers	Read Replies (3) \| Respond to of 42771

I heard Jim Rogers say on CNBC this AM that the Japanese had been printing money at aproximately 1% per day recently. That was a shocker. I think they scared themselves however, and started mopping up after that. He also mentioned that SE Asian gov'ts. and Greenspan had been doing the same thing. He of course, is always looking for inflation, and that is certainly a possible outcome. But I think that when you have these financial accidents the velocity of money slows so dramatically that it's possible it may not show up as inflation. The price of gold it would seem, would respond if that was likely. Maybe that's one reason they've worked so hard to talk gold down with stories of various central bank sellers. To me it seems that the liquidity created has pushed our long rates down and led to the rallies we've seen in the US and major European stock markets. Probably just one more price to pay later, but I still have trouble getting keyed up about more than a very brief and devastating bout of inflation. That would have far worse consequences, longer term. Dwight