SI
SI
discoversearch

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.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: IngotWeTrust who wrote (16547)8/25/1998 1:38:00 PM
From: Alex  Respond to of 116764
 
LTCB's notional derivatives over 50 trln yen--MOF

TOKYO, Aug 25 (Reuters) - Japanese Finance Minister Kiichi Miyazawa said on Tuesday he had heard the notional amount of derivatives transactions held by Long-Term Credit Bank of Japan (LTCB) (8303.T) exceeded 50 trillion yen.

''From what has been reported, it is said that the notional amount of LTCB's derivatives trade is over 50 trillion (yen),'' Miyazawa told a plenary session of the Lower House of parliament.

He added that taking into account the failure of (former British merchant bank) Barings, which was caused by rogue transactions of derivatives trade, LTCB's amount of 50 trillion yen should be watched with caution.

''If the worst happens, and (LTCB) should find difficulty in paying them (the derivatives trade), then there is a danger of default,'' he said.

If such a default were to happen, it would undermine Japan's credibility and could lead to a Japan-triggered global financial depression, Miyazawa added.



To: IngotWeTrust who wrote (16547)8/26/1998 8:45:00 PM
From: Alex  Read Replies (1) | Respond to of 116764
 
The following thread has just been brought to my attention. It deals with Gold and the Euro.................

Subject 22616



To: IngotWeTrust who wrote (16547)8/27/1998 12:44:00 AM
From: Eashoa' M'sheekha  Read Replies (1) | Respond to of 116764
 


Oh Lord It's Hard To Be..................

Humble

**********************************************

Oh Lord it's hard to be humble
when you're perfect in every way.
You can't wait to look in the mirror
cause you get better looking each day.

To know you is to love you
You must be in love with Greenspamm
.
Oh Lord it's hard to be humble
but your'e doing the best that you can.<g>

----------------------------------------------------------

I used to have a goilfriend
but she just couldn't compete
with all of these love starved women
who keep clamoring at ma feet.

Well I prob'ly could find me t'other
but I guess they're all in awe of me.
Who cares, I never get lonesome
cause I look at the US Treasury

Oooooooooo........ Lord it's hard to be

Humble

when you're perfect in every way,
Can't wait to look any clearer
cause you get better calls every day
To know you is to love you
You must have been a trader..... be d*mned <g>

Oh Lord it's hard to be humble
but we're doing the best that we can.

Yes we're doin the ............. b-es-t t-ha-t w-e c-a-n-