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To: Alex who wrote (17773)	9/6/1998 9:32:00 AM
From: Bill Grant	Read Replies (1) \| Respond to of 117113

Jack Kemp on Fox News Sunday with Tony Snow calling for backing the US$ with gold (returning to a 'gold standard'), echoing Steve Forbes' remarks of last week about injecting liquidity by buying bonds with the purpose of raising the price of gold and commodities, and calling for a Bretton Woods type conference to restore order to the world's currency markets.

To: Alex who wrote (17773)	9/6/1998 12:22:00 PM
From: Terry Rose	Respond to of 117113

Alex, Good morning. I find the comment "no one expected a domestic default in Russia" as unbelievable. However manias probably can get one to believe practically anything. Your prior post on the prospects of the EMU adjusting interest rates lower was very interesting. I guess we will need to get analysis from across the pond on the EURO since there is a virtual news blackout in the U.S. I seriously doubt that interest rates will change before the EURO is officially born since stability or perception of stability is paramount to lure money into the system. Add the gold relationship to this new currency in an age of flaming currencies and the EURO looks very attractive. Does anyone on this thread know anything about EURO gold coins? I would be interested in buying some from its first year of circulation. Terry,

To: Alex who wrote (17773)	9/6/1998 12:42:00 PM
From: Ahda	Respond to of 117113

Alex i am lost in the web trying to find statistics on each nations debt. All underdeveloped would probably love a write off but the write off is would be complicated as orginal debt is sold. The question came to mind because our debt is so high and how can a debt laden organization maintain more debt. I am not trying to predict doom but logic evades me the more i look. If you happened to have bumped into said statistics would appreciat if you could forward.

To: Alex who wrote (17773)	9/6/1998 4:15:00 PM
From: goldsnow	Respond to of 117113

Dollar Falls Against Yen as U.S. Stocks Sputter By Malcolm Foster New York: The dollar fell against the yen, reversing earlier gains, as U.S. stocks dropped and on waning prospects the Federal Reserve would lower interest rates. ''The fact that stocks can't sustain a rally and Latin America concerns persist make me concerned about the dollar,'' said John Rothfield, international economist at NationsBanc in Chicago. ''We don't think the current environment is a time to be buying dollars.'' He sees the currency falling as low as 130 yen and 1.70 deutsche marks next week. In late New York trading, the dollar declined to 133.90 yen, down from 134.23 yen yesterday and after climbing as high as 135.99 earlier. It rose to 1.7350 marks from 1.7275, though down more than from an earlier high of 1.7439. For the week, the dollar dropped 5.8 percent against the yen and 1.6 percent versus the mark. Much of that came from investors selling dollars to compensate for losses in emerging markets, such as Russia and Latin America -- a trend that continued today. bloomberg.com