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To: Rarebird who wrote (28159)	2/13/1999 11:46:00 AM
From: Hawkmoon	Respond to of 116832

P.S. Ron, you are so one dimensional and narrow minded its pathetic. You just can not get outside of your own narrow point of view. The Reality and Truth of Life is Change! Can't you see the change in trend? Japan has had it with Big Brother U.S. Intimidation and they are just beginning to sell their Treasury holdings. Just wait till the Chinese start doing the same later this Year! The U.S. Stock Market is finished! Look at your statements again and reanalyze the logic of them. The Japanese has had it with "Big Brother"? Isn't this the same Big Brother that is their biggest export market?? Isn't this the same BB that the Japanese are begging to buy their bonds? Isn't this the same BB, whose corporations are taking over theirs (or forming JVs, at a rate never seen before? From my point of view, the Japanese aren't in a position to complain much at all. What the Japanese bonds are doing is providing a ready opportunity for some nice gains for bond investors. Japan floats these bonds out at a high interest rate and that provides them the "wiggle room" to decrease the equivalent of their Fed funds/Discount rate in order to prop up the liquidity of their banks. Japan is about to become the biggest debtor nation on earth, with a population 1/3 the size of the US. The last thing they want to see is for gold to shatter the Fiat monetary system they are inflating. Maybe you should think out of the box a little bit more. I don't pretend to know all the angles, but neither do I attempt to twist facts to fit my narrow self-interest as do the goldbugs. Again, US bonds "may" be going down as Japanese bonds become rate competitive with T-bills. Since the US economy is overheated due to global price deflation and excessive money supply that was injected to carry every other nation along, the Fed has less room to move downward with rates. The Japanese don't have this problem and that will make future returns profitable, IF the yen remains steady vis-a-vis the US dollar (not more than 140-50 yen to the dollar that we saw earlier last year.) This is certainly complex, and I won't pretend to understand all the angles (hoping some other "outhouse economists" can add lucidity to the issue), but I certainly don't think CB's will buy cut their own throats by buying gold in a crunched marketplace. Now maybe the ECB will sell Japan some gold directly, but it will never enter the public market. That would be a wildcard, the logic of which I wouldn't understand. Go ahead Rarebird, show us razor intellect at work and tear me apart. Regards, Ron