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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Mark Bartlett who wrote (32958)	5/1/1999 8:52:00 AM
From: lorne	Read Replies (2) \| Respond to of 116764

Hi Mark. <<Russia for the next 10 years cannot meet its original schedule to service its foreign debts,>> " Let's face it..... this money is likely gone forever." I assume this money that the IMF gives away is US$. I guess what I don't get is how is it replaced or repaid. All the money that the IMF uses to buy up other countries must be still exist somewhere. With all the billions and billions of US$ out there one might wonder why the US$ is so high in value. IMO. if the world were flooded to this extent with any other commodity that commodity would be almost worthless. As Ron has said and I agree with a currency is a perceived value. Considering the amount of US$ out there why is the value so high is it because of the smart bombs, the strong US economy or maybe the world has no where else to go to find this perceived value. So maybe like LTCM the US at this point in time is to big to fail and the rest of the world will do nothing to make it fail cuz if the US goes so does the rest of the world. Lorne