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To: Alex who wrote (12088)5/23/1998 1:37:00 PM
From: Tom Byron  Read Replies (2) | Respond to of 116835
 
Alex: A blurb from Barron's Monday edition (May 25). Gold - "Monday, six months after the original due date, a group of historians will publish an initial report on gold that Swiss banks received from the Nazis during World War II." (end of quote) Might want to keep an eye out for that report on Monday. Why does it seem that these reports, many times, come out on holidays or weekends when the markets are closed. The US markets will be closed Monday, while, I assume the European markets will, "fortunately", be opened at the time of the report. Hmmmm. :)



To: Alex who wrote (12088)5/23/1998 3:56:00 PM
From: Terry Rose  Read Replies (1) | Respond to of 116835
 
Alex, The latest comments by Matsunaga and Rubin are confusing and probably deliberately so. How does one deregulate a currency and at the same time intervene in the currency markets. Unbelievable.

Rubin wants the Japanese government to do more to stimulate their economy and help their banks. The Federal Reserve is currently draining liquidity to absorb all the treasuries Japan is cashing in. Be careful with what you wish because it may come true. Japan has to liquidate these treasuries to bail out their banks who 10 years ago went on a lending spree. They don't need any encouragement from Rubin.

What Rubin and other Fed types have got to see is that our liquidity crisis from excessive debt creation has now started. Japan the world's great lender is calling in it's loans. Congress just added fuel to the fire with it's latest 80 billion dollar highways bill. Can you spell pork. Throw in 20 billion dollars more for replenishing IMF funds and try to explain to me where's the budget surplus? Answer is there never was a budget surplus just more government disinformation and trickery.

Terry,