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To: BubbaFred who wrote (53372)	9/21/1998 12:20:00 AM
From: j g cordes	Respond to of 58727

Bubba.. I was quoting Rubin who I feel is generally accurate about IMF balances. If you have a reference that shows no payments have been made I'd like to see it. Currently IMF is in rears of approx 140 billion? Which is an assets to loaned calculation. On the other hand your argument wouldn't look good for the US economy either.. we are in debt up to our ears in national debt. Clinton wants to apply the current surplus to ss, the Republicans want to use it to cut taxes.. or so they say, its well to remember its election time when promises mean little. Regardless of how its done.. currency runs are driving lesser countries out of business. Some of it occurs from flight of capital, much of it occurs from attacks on currencies that can't be defended much like shorting en mass some small stocks. China is defending the HK dollar with its huge currency reserves, Singapore put restrictions on trading. Some method has to be found to allow investment to flow to smaller countries without their being raided by high seas financal pirates. Perhaps these markets can't be "free" until they reach a certain mass... or do so by degree.