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To: marcos who wrote (7145)	2/2/1998 8:12:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116762

The entire New World Order and paradigm is resting on World Stability and ability to put-down emerging fires... "Anything less than that would be uncivilized" TM How realistic is this utopy and what is it based on..? History? DAVOS-Soros says Russia reforms under threat 05:55 a.m. Feb 02, 1998 Eastern By Elif Kaban DAVOS, Switzerland, Feb 2 (Reuters) - International financier George Soros said financial markets were worried about recent policy u-turns in Russia and the weakened positions of government reform gurus Anatoly Chubais and Boris Nemtsov. The situation in Russia is ''very touch-and-go,'' Soros told reporters at the weekend at the Davos forum of business and political leaders. ''Russia was on the verge of the transition from insider dealing and robber capitalism to legitimate capitalism and respect for shareholder rights. But there have been retrogade events and a change of direction in the government,'' he said. ''That is now endangering the stability of the rouble, bond and stock markets. It's very important that there should be a reversal of this reversal.'' The Hungarian-born financier said Russia remained dangerously exposed in the wake of the Asian crisis. ''Russia is in a very precarious position because the international financial conditions have changed and the policy response in Russia has been in the wrong direction,'' he said. International investors who had dismissed the knock-on effect from Asia as an external problem that did not affect Russian fundamentals have recently been selling. Soros declined to answer a question on reports that his Quantum Fund was getting rid of Russian securities. Chubais, a first deputy prime minister, said in Davos that more than $4 billion in foreign capital fled Russia in November and December alone. Things have worsened since then, forcing the central bank to hike interest rates to defend the rouble. Soros said a close shave for a key reformer at Russia's biggest firm, national electricity company UES, had further undermined investor confidence in Russian reforms. ''It had a negative effect on investor sentiment,'' he said, referring to the recent failed attempt by conservative board members to replace UES chief executive Boris Brevnov with his predecessor. ''These things create an environment where people who own shares don't feel safe about their rights. There has to be a reaffirmation of property rights and legal capitalism.'' Soros said markets were also worried about the fate of Chubais and Nemtsov, both first deputy prime ministers whose positions have been weakened in recent months. Investors saw the two as a stabilising factor, he said. ''If Chubais is removed, it would have a very negative effect on the market, and Nemtsov even more so,'' Soros said. In Davos at the weekend, Russian Prime Minister Viktor Chernomyrdin said both reformers would stay in the government in a possible cabinet reshuffle Yeltsin has floated. Nemtsov was previously seen as President Boris Yeltsin's favourite to succeed him, but his star has fallen lately. Chubais has also been weakened, far more than Nemtsov. Speculation that he might go has been rife since November when he was linked to a scandal over advance fees for a book on privatisation.

To: marcos who wrote (7145)	2/2/1998 8:13:00 PM
From: Bobby Yellin	Respond to of 116762

I was expecting that didn't you know that the central bankers only value printing presses..gold is obsolete paper is what shines I am wondering if the common currency will take place, not for the benefit of Europe but so that a few people can get some good jobs.. let the currency crises go full steam ahead..what is a few million jobs here and there in one region..and another region..and another region...after all it is the financial markets that are important. Heard an official from Korea saying on tv that we will take care of our poor...

To: marcos who wrote (7145)	2/2/1998 9:27:00 PM
From: Abner Hosmer	Read Replies (4) \| Respond to of 116762

China has rejected the devaluation of the yuan as being destructive to the Hong Kong dollar and economy: "Devaluation does not necessarily increase competitiveness" weforum.org

To: marcos who wrote (7145)	2/5/1998 6:37:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116762

biz.yahoo.com Hi Mexican authority(not being facetious).. re gold: I continue to look for places that money might flow..as long as it has places other than gold, gold will not rise sharply unless Warren or a Templeton might disclose something..with CB's holding such a huge chunk,unlike silver,doubt it at this time bobby (think you are right about good for US corps if dollar starts falling slowing and maybe Rubin thinks so also..will also help deflate the bubble and get rid of some of excesses that strong dollar has created) Silver still rising 7.44(actually shouldn't that be good for Mexico?) Also if copper and silver usually found together..shouldn't that be good for some copper companies?