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To: bobby beara who wrote (8875)	3/26/1998 2:29:00 PM
From: Tom Byron	Read Replies (1) \| Respond to of 116764

XAU just broke thru 80 at 2:27 PM. The COMEX is closing in 2 minutes. It's a Holy War going on folks.!!!!

To: bobby beara who wrote (8875)	3/26/1998 2:31:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 116764

Read this carefully>>Senate Approves $18 Billion for IMF -- The Senate voted 84 to 16 today in support of President Clinton's request for $18 billion to help the International Monetary Fund weather the Asian financial crisis. The vote, attaching the entire IMF package to an emergency spending bill for diaster relief and military operations, sets up an expected confrontation with the House. House Republican leaders have said they want to deal with the IMF issue separately from the disaster legislation. But Senate Appropriations Committee Chairman Ted Stevens, R-Alaska, who has called the Asian crisis the ''El Nino of economics,'' told the Senate that failure to deal with the issue promptly would rock financial markets around the world. Noting that the Dow Jones Industrial Average had been recently closing in on 9,000 points, Stevens declared, ''If we don't act, the country better get ready for a slide on that.'' Sen. Paul Wellstone, D-Minn., an opponent, asserted that IMF austerity programs serve to further impoverish populations -- and result in cheap exports that undercut American products.'' We should use our leverage to change the flawed policies of the IMF,'' he said. But Sen. Paul Sarbanes, D-Md., a supporter, argued: ''You can't remodel the emergency room at the very time patients are being brought in.'' The IMF money would be used to replenish the international lending institution's loan funds, on the way to being depleted by the Asian crisis. The Senate package includes conditions -- negotiated between Republicans and Treasury Secretary Robert Rubin -- urging the world's major industrial nations to work to reform IMF loaning practices. A House version, not expected to see floor action until after an upcoming April recess, imposes must stricter conditions on the IMF loans. The Senate, moving toward final approval of the midyear emergency spending package, also voted to bar the Interior secretary from approving gambling operations on Indian reservations unless approved by the state in which the reservation is located. The amendment by Sen. Mike Enzi, R-Wyo., would make permanent a moratorium imposed last year on the secretary's power to approve new gambling contracts on Indian reservations that expires Oct. 1. The IMF vote came a day after the Senate, upset over a $1.2 billion bill for back dues to the United Nations, called for a U.N. tally of the billions of dollars the United States has spent on its own enforcing Security Council resolutions since 1990. The nonbinding measure, offered by Sen. Jesse Helms, R-N.C., and adopted 90-10 late Wednesday, also calls on the United Nations to ''immediately reduce'' the U.S. share of the cost of peacekeeping operations from about 30 percent to 25 percent. Helms told the Senate that U.S. costs of confronting Saddam Hussein in Iraq and supporting peacekeeping operations in Bosnia far surpass the arrearages in U.N. dues, which he called ''money which we do not owe and should never pay.'' ''Yet the U.N. crybabies continue to whine,'' said Helms, chairman of the Senate Foreign Relations Committee. Just tack the $18 billion onto this>http://www.brillig.com/debt_clock/