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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (9301)	4/4/1998 9:50:00 AM
From: The Barracuda™	Respond to of 116764

George, bonds were up yesterday.

To: Crimson Ghost who wrote (9301)	4/4/1998 11:43:00 AM
From: Enigma	Read Replies (2) \| Respond to of 116764

The actions of the IMF (uncritically supported by the western financial media) in Korea and other far east countries are seen there (at least by many) as heavy handed and the IMF is branded as the tool of US imperialism. I have read that in Korea the government was fiscally prudent - the bad debts belonged to corporations who owed the banks including US banks). By forcing the government to guarantee these loans the debt was forced onto the backs of the Korean people. I think you are right and we are seeing a very serious situation develop where countries are striving to assert their financial sovereignty. Overlaid on all this is the feeling that the 'US way of life' is being foisted on them. This reaction seems particularly strong in Japan. The market in gold is so thin (compared to currencies) that a relatively small spill over into gold (from whatever source) has high leverage on the price. And down the road looms the specter of US protectionism against cheap far eastern goods. The US Congress being the lever.