Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1557)	6/15/1998 10:55:00 AM
From: JPR	Read Replies (3) \| Respond to of 12475

Mohan: Erosion of Sanctions against India and Pakistan: Moral outrage is balanced, compromised, sublimated, & replaced by new realities, such as US farmers' outrage, & Senate and Representative reelection from wheat-growing states. This may be the beginning of gradual erosion of sanctions, in the face of new realities and local compulsions. Thank God. China can do what it wants. She gets rewarded with such things as MFN status & missile secrets in the interest of Strategic Partnership. Strategic partnership against whom? India and Pakistan do what they want and get away with it, because US and senators can't offend the US wheat farmers, esp when the senator and rep are up for re-elections. There it is, my friends : American Version of Moral Outrage. It is negotiable. nytimes.com <<Under pressure from farmers, the Government is poised to re-allow the sale of wheat to India and Pakistan despite economic sanctions by the United States against those countries for their recent nuclear tests.>> <<Washington's moral outrage against India and Pakistan, but a movement to skirt the sanctions on wheat has caught on in Congress, and President Clinton>> <<"Cutting off that supply would only hurt the citizens of Pakistan and American farmers, without furthering our goals of nonproliferation of atomic weapons.">> <<Although many in Congress have denounced the nuclear explosions, they are also sensitive to their important farm constituents as the November elections approach. The Congressional action in each house was introduced last week by lawmakers from wheat-rich Washington State -- Senator Patty Murray, a Democrat, and Representative George R. Nethercutt Jr., a Republican, both of whom are up for re-election. The state sends 37 percent of its wheat to Pakistan, which pays Washington farmers about $500 million a year.>> <<Ms. Murray and Nethercutt introduced bills to pass a waiver that would allow wheat -- actually, wheat credits guaranteed by the Government and extended to farmers -- to bypass the sanctions, which are automatically imposed on a country if it tests a nuclear device.>> <<But increasingly, politicians and foreign-policy analysts are questioning the value of unilateral sanctions because they can conflict with other national interests>> JPR

To: Mohan Marette who wrote (1557)	6/15/1998 4:26:00 PM
From: yard_man	Read Replies (1) \| Respond to of 12475

Hope today wasn't the bottom. Held back from buying today.

To: Mohan Marette who wrote (1557)	6/15/1998 9:26:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 12475

Barry ; What gets me is these pundits keep say it's fallen against the dollar as if the dollar has something to do with it. The YEN is just down ( across the board except with some other Asia currency, the dollar is not up against it..any more than the pound or the Frank..) the way they talk is not only miss leading it's irresponsible. It's like the assholes are suggesting we devalue the dollar..( pure hell if we do ). The Japanese bankers need to stop short selling their own currency , ( they do this to drive it down and pay back their already cheap government loans government with an even cheapen YEN..man they are so crooked a snake looks straight. ------------ I use to Bunker their ships , and they didn't want honest weight, they insisted on an advantage it's in their culture. They were beyond any doubt the worst of any nationality for me to have to deal with. I use to dread it when ever we had to go to bunker a Japanese Ship. That may seem like prejudiced, and I don't mean for it to apply to Japanese Americans, but if they had to do what I did they would likely say the same thing. I expect the Koreans to be just as bad, ( I didn't bunker any of their ships ) but I ran a Cod fish boat for them in a wrap around deal when the 200mi limits first came in. They chisel you on every angle. It's in the culture. This is not hear say this is from one who had to deal with them. It got so bad that the fuel, ice docks nor grocery stores would cash their checks, ( o we just send money to back please re-run the check ) every time. And it took me holding their feet to the fire to every get my money. ( even then they jiped me out of several hundred ) You can trust them about as far as you can see them , and you better have both eyes open. ------------------------ Every one else has to increase their interest rates if their currency falls, not them ..they drop it. I have no doubt they short their own currency, just why should we bail them out. They might have bad loans on the books, but they did that on purpose. It's simple enough to see their plan , the Japanese intend to buy up and control ASIA and will do it any way they can. That will cause a back lash, and a lot of political fall out in the next few years. Jim