To: Bill Murphy who wrote (92 ) 6/10/1998 5:40:00 PM From: IngotWeTrust Read Replies (2) | Respond to of 81158
Bill, I submit we ARE seeing a massive coordination...but in support of t'Jas banking system. It appears to be just like we experienced here domestically, in the days of the manufactured S&L Crises/RTC debacle in order to re-allocate choice real estate. Only the Japanese Yen sell-off has 2 additional benefits that the S&L crises didn't present us: My understanding is that our sick S&L's were miraculously healed by borrowing at low fed funds rate and "parking, i.e., investing in higher rated bond paper, thus syphoning a steady income stream into "slightly light" coffers until.... capital requirements were ...voila!!!! Meet and exceeded. It worked so well here, well, we've been doing this for the Jas, for what, 2 yrs now?Except we've added a twist to this little scheme to reflate the Japanese Banking Voodoo interlocking/incestuous board of directors/bauble mess: We not only talked them into .05% "Japanese/Fed Fund Rate" and generously sold them our overinflated lifestyle, called US Treasury Paper, so they could "profit" from the difference...thus getting well, we provided 2 other benes for them: 1) tank their Yen so that they could sell their US Treasury holdings, receiving US Dollars in exchange, and benefit from the tremendous amount of Yen they can purchase, thus sopping up their inflation; and 2) help them competitively with their trading neighbors who are busy deflating like crazy in a Pacific Rim version of a Wild West trading war. So, this little recitation leads me to my question: This reversal in the Japanese Yen deval/ascension of the US$ that is so helpful to Japan that you are calling for imminently being reversed... What would be the possible trigger for it and how do you derive your answer from examination of Central Banks' Gold Policy entrails? Waiting with expectancy and sincerity... O/49r