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To: The Vet who wrote (30122)3/16/1999 11:52:00 AM
From: Enigma  Respond to of 116758
 
That's a good point - there will be no shortage of buyers IMO dd



To: The Vet who wrote (30122)3/16/1999 12:46:00 PM
From: Bobby Yellin  Read Replies (2) | Respond to of 116758
 
just think where some of those countries would have been financially if the central bankers hadn't decided to trash gold
besides this FED pushing for a strong dollar even though a lot of demerged countries had probably been enticed into slitting their own throats by having their debt denominated in dollars etc..or maybe I am off..

Everything has a price and what goes around comes back



To: The Vet who wrote (30122)3/16/1999 8:20:00 PM
From: PaulM  Read Replies (1) | Respond to of 116758
 
"IMF sales must occur in order to bail out the shorts"

There's so much to criticize in the announcement from a political standpoint, it's times like these you have to wonder about the intelligence and motivation of the main stream press in this country.

I guess I'm the only one who noticed that bailing out a debtor in trouble coincidentally benefits the lender as well.

And who is the lender? (Naa, better not tell them that. They might actually focus on what's going on).

The plan envisions "grants, not loans"---which means that Clinton advocates selling an asset belonging the IMF's shareholders (in other words the citizens of the U.S., Japan, Germany etc.) to bail out whoever prudently loaned--and collected interest on--billions to what is likely the most politically unstable region on the planet.

And, yes, bonus: gold shorts get bailed out too.