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To: goldsnow who wrote (18859)	9/14/1998 7:24:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116753

the global events have gotten so bad it is almost worse than a sick joke..wonder why the imf etc doesn't just ships food around the world..(maybe it isn't prestigious enough for them?) hire all the soldiers of the world to distribute and shot any government official that wants a cut..I guess the jokers at the IMF etc have a different agenda.. a stuffed person doesn't want to fight..just burp! anyways have you been able to figure out the implications of the Iran Afghanistani crisis and Iran's saying possibly true things of US and the pipeline and how Pakistan and India besides Iraq and Russia play into this..sounds incredibly bullish for oil unless the world becomes too bankrupt and has to use bikes to get around(which is probably pro China ;-) )and probably would save billions of dollar in healthcare since the people would probably be more fit..which in turn could be negative for the drug market also.. ps..did you see India's saying that they weren't going to let their currency be at the mercy of the pirahnas..they love gold..sounds as id they just might come out on top..

To: goldsnow who wrote (18859)	9/14/1998 8:49:00 PM
From: Alex	Read Replies (1) \| Respond to of 116753

Toffler damns 'IMF medicine' David Haskel Buenos Aires - Social thinker Alvin Toffler warned Latin American countries last week that free markets were not the gospel truth and International Monetary Fund (IMF) medicine could cost lives. The futurist and author of best-sellers Future Shock and The Third Wave said the IMF prescribed essentially the same medicine to every disease. "To go into Indonesia (earlier this year) and to say that it should raise interest rates in order to attract capital was not only stupid and arrogant, it got people killed," Toffler said, referring to attacks on the Chinese minority. "And that's not the only place - around the world it leaves a trail of social unrest.". For the past decade, Latin American countries have toed the IMF line and opened their economies to world competition, slashed public spending and cut subsidies. They also reduced the size of government by selling state-run companies. Policies prescribed by the IMF have spurred growth but have also caused widespread unemployment and widened the gap between rich and poor. In today's global financial tumult the IMF has urged Latin American countries to deepen reforms, despite signs of social fatigue and political discontent. Toffler said regional integration was also a risky proposition. He said it was tearing down trade barriers without taking into account each country's social needs in terms of employment and education. "The idea of doing it all simultaneously in the fastest possible way may not be correct. Each country has its own unique set of problems." Nations in the western hemisphere plan to set up a free trade area of the Americas, from Alaska to Tierra del Fuego, by 2005. "I believe very strongly in the free market, but I believe in it as an instrument not as a theology. Many countries have large peasant populations that are uneducated. If you can't educate those people, you can do nothing," Toffler said. Rather than pursuing the embattled export-orientated model of the Asian Tigers or the European example for integration, Latin American states should take full advantage of their social and cultural differences instead. Toffler said the industries of the future would thrive on diversity and focus on small-market niches. He advised Latin countries to concentrate on high-technology products, resist the temptation to use cheap labour to attract direct investment and participate in joint ventures with foreign firms that could ensure the transfer of technology and reverse the brain drain. - Reuters