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To: Bill Grant who wrote (5919)	1/14/1998 11:35:00 PM
From: dave	Respond to of 116764

Hi Bill, Being a layman so to speak! I beleive the biggest fear of world governments to-day is inflation. Daa!Lets prentend this is a given. Almost all countries are running at huge defficiets and at least huge debts! I nflation means higher intrest rates.This means higher debt.Since 1971 the world monetary system has been opperating on a goodwill basis.As we have seen , this does not work so well.For about the last 5 years many countries have been trying austerity programs to reduduce defficiet and debt.I beleive the world comptrollers are scared to death about what might be comming!This might explain the sale of gold to get houses in order.If history repeats itself ,the end of the millenium will expouse excesseve spending and irrational behavior in general.The countries that have the least debt will prosper.