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To: Crimson Ghost who wrote (11473)	5/10/1998 2:19:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116833

Cash and Carry as Japanese Banks Buckle smh.com.au:80/daily/content/980509/world/world4.html

To: Crimson Ghost who wrote (11473)	5/10/1998 2:21:00 PM
From: PaulM	Respond to of 116833

Six Japanese Credit Unions Go Under washingtonpost.com:80/wp-srv/WPlate/1998-05/09/100l-050998-idx.html

To: Crimson Ghost who wrote (11473)	5/10/1998 2:33:00 PM
From: PaulM	Read Replies (2) \| Respond to of 116833

George, re: the strength of the U.S., what do you think about the THOUGHTS! posted on Kitco. Apart from the seeming hokiness of the style and the mystery, wouldn't the arab willingness to settle oil payments only in dollars go a long way to explaining why the dollar is seen as a safe haven? After all, the U.S. has shown little interest historically in keeping as strong a currency as, say, Japan or Germany (even though those ecomomies are more export based). And the U.S. essentially defaulted on its foreign obligations in the early 70's. It seems to me the U.S. makes comparatively little nowadays (with some major tech exceptions). So it primarily has a currency and military (in part backing that currency) to sell abroad. And foreign demand for this currency (oil settlement currency)in exchange for cheap goods mightr arguably be what keeps inflation at bay despite despite the U.S.'s monetary expansion. Your management v. worker conflict may also be related to a first world v. third world conflict.