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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (3387)	5/6/1998 5:40:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

Thomas, Indonesia is in an explosive situation and getting more and more volatile each day IMO. They have had 33% inflation over the last four months. The latest riots and student demonstrations were sparked by a raise in gasoline prices which result from the IMF mandated reforms. As government subsidies are removed (per these reforms) prices shoot upward, causing an anti-government backlash and violence aimed at the largely Chinese merchants. Compounding the problem is the 32% reduction in oil prices greatly affecting Indonesia's exports. One spot of violence is Medan, where a major port is located. The result is slowing shipments of palm oil and rubber. Bad news for a country desperately in need of the dollars that exports bring in. All this is likely one reason Asian stocks tanked over the last three days, a situation likely to continue. I think Zeev is right...the second wave melt down is happening, largely affected by the continuing saga in Japan. We can only speculate what the near term will bring as more reforms are enforced in Indonesia. Best, Stitch

To: Thomas Haegin who wrote (3387)	5/10/1998 4:43:00 PM
From: see clearly now	Read Replies (1) \| Respond to of 9980

Thomas and anyone else.A QUESTION to a knowledgeable thread: re money I have learned a lot from this thread and very few others about the global finance system..I am a butterfly who observes and on occasion drops into . I appreciate your open minds and breadth of knowledge and many times even wisdom. My question is..who are in control at the very top of the global money system?...it is obviously not the nation states nor the global corporations, and I don't believe it is the central banks ultimately ..nor even the speculators....WHO are the guarantors who control the global finance system..is it one or two, or a few people with money in trusts, and/or... who decided it was time to call Asia with its CRONY Capitalism gone berserk? Do any of you have any insights or links to the answer? I think I have learned there are two forms of money...one as the great facilitator of transactions and the other as a form of power..with passion attached. I am more interested in the obsession of the latter towards someone's concept of a world ordered to their desired ends.Perhaps I am just confused and there is only one definition? And the good things happen for the wrong reasons. Appreciate your patience with this butterfly. Arni