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To: PaulM who wrote (6448)1/21/1998 9:43:00 PM
From: PaulM  Read Replies (1) | Respond to of 116759
 
International Banks will exchange private SK bank debt for SK govt Guarantees

bloomberg.com

Coincidentally, SK govt is where tax payer sponsored IMF money goes. I guess this is the big "secret."

But we're not bailing out banks. Nawww....



To: PaulM who wrote (6448)1/22/1998 7:10:00 AM
From: Mark Bartlett  Respond to of 116759
 
Paul,

<<They can sell dollars, sell treasuries or buy gold, all of
which would improve their economy without taxing Japanese, without using Japanese public funds, and without devaluing Japanese savings.>>

IMO any one of these options would potentially undermine the US dollar as the reserve currency and potentially give Au a boost.

I am not sure which would have the least affect on the dollar ...maybe a combination of all three.

MB


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