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To: Richnorth who wrote (5347)	1/7/1998 6:01:00 AM
From: Bobby Yellin	Respond to of 116752

once again, it was much easier for some when there was the cold war.. wonder if China is getting prepared to do something with Hong Kong dollar? or is worried that somebody is getting prepared to do something with the Hong Kong Dollar? Also don't think China might like a lot of foreign money coming into Korea etc and buying a lot of assets.. Bloomberg news saying that the central bankers might try to lower the dollar in a concerted effort.. With Echo Bay's latest announcement, looks like when gold goes up, it will have to go ballistic..there will be hardly any exploration and functioning mines..Central Bankers should be congratulated for getting everybody into paper and having a lot of miners lose their jobs :>

To: Richnorth who wrote (5347)	1/7/1998 12:15:00 PM
From: goldsnow	Respond to of 116752

RN, "The country has largely escaped contagion by the Asian financial "flu", partly because its capital markets are sealed to the outside world." That just answers the point that China and others would not allow dollar to dominate for long signaling very bright role for gold indeed

To: Richnorth who wrote (5347)	1/7/1998 1:51:00 PM
From: Mark Bartlett	Read Replies (1) \| Respond to of 116752

Richnorth, <<You seem to have a point in stating that the U.S. engineered the Asian Crisis. >> IMO it is not just the US - I have no doubt that certain European countries are part of the process too. European countries have a history of resorting to gold as a store of value .... seems they have chucked that, and are now relying on the US dollar .... just too fishy IMHO. Also .... who sets the price of gold every day. That is why, those that are presently short gold know - despite their huge short positions - they are safe .... they know what's happening - and as long as it is, they have little to be concerned about. This is power mongering at its best. Also ... there is much to be gained by collapsing Asian economies - not the least of which is control over a vast competitor. IMO it could (is) lead to economic upheavel, protectionism, etc .... the end result however may not be worth the it .... push too much, and wars have started over stuff like this. Maybe a little far fetched - but maybe not too. MB

To: Richnorth who wrote (5347)	1/7/1998 6:58:00 PM
From: Abner Hosmer	Read Replies (3) \| Respond to of 116752

Richnorth - My comments on the article you posted: >>China sees a plot in U.S. aid to battered Asia<< That doesn't come as much of a surprise. >>"The United States is certainly not offering a new Marshall Plan to East Asia," the article said. "By giving help it is forcing East Asia into submission, promoting the U.S. economic and political model and easing East Asia's threat the U.S. economy." ''Troubled East Asian countries have no alternative to swallowing the bitter medicine presented by the International Monetary Fund, and under harsh conditions contract internally and further open up externally,'' it said.<< This is all total nonsense. East Asian countries are free to tell the US and the IMF to go piss in a bucket, we can fix our own problems, thank you very much. What are we going to do, nuke'em? >>China often accuses the United States of trying to subvert its communist system by insinuating ideas of free markets and democracy.<< That comment pretty much sums up the whole article. I tend to think that the govts and peoples of Indonesia, Korea, Thailand, and the Phillipines have a little more interest, responsibility, and control over their economies than the US does. If I follow you correctly, the idea is that the US is trying to destroy East Asia because they represent a threat to its economy? Following this logic, I suppose we will then follow this up with the deliberate destruction of Japan, Germany, Great Britain, Canada, Eastern Europe and South America !! Tom