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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: john who wrote (3201)	5/2/1998 9:00:00 PM
From: bill718	Read Replies (1) \| Respond to of 4718

Could be John, but just the same it is good to see the Indonesians taking steps in the right direction to satify the IMF reform demands. If civil war had broken out, bribery would not even be an option IMO, and we could have kissed Ojolali good-bye (but more importantly, the human costs would have been far more tragic than they already are for the poor people who have no money or food). At least under present conditions, we are seeing somewhat limited kaos largely due to: i) protests initiated by angry university students who do not have the weapons, money, numbers, organization, or resources to pose any kind of a realistic threat to the existing regime. ii) a food crisis due to El Nino (which turned the wet season to a draught) and highly inflated prices for imported food iii) higher than usual unemployment (9-10 M or so at the moment out of over 200M population) My guess is that by cooperating with the IMF, the Indonesians will slowly (within 2 years) get back on their feet again (provided we don't get a Japanese melt-down - recall the Japanese banks ALONE are in debt right now for about $600B and that about half the worlds cash belongs to the Japanese). Suharto has pulled the country together before (with the help of the CIA I believe) and lets hope he can do it again with the help of the international community. Regards, Wayne