... hatKoch-Weser alte Gold Brötchen wieder augewärmt.: DAVOS-UPDATE 1-Germany backs UK on IMF gold sale for debt relief Fri Jan 28, 2005 12:35 PM ET (Recasts with German comment, adds analyst) DAVOS, Switzerland, Jan 28 (Reuters) - Germany backed Britain's proposal on Friday for the International Monetary Fund to write off debts of poor countries by selling or revaluing part of its gold reserves. The idea has been floated by British finance minister Gordon Brown who repeated it on Friday at the World Economic Forum in the Swiss ski resort of Davos. Germany's finance deputy Caio Koch-Weser agreed that gold sales would be one way to fund debt relief and said the international community should now tackle the idea. "I believe we should discuss (IMF) gold sales as we did in the 1990s," Koch-Weser, who is secretary of state for finance, told Reuters. The idea is expected to be discussed at the Group of Seven finance ministers' meeting next week where Germany is backing a three-tiered timetable on development aid proposals launched by Britain. "The first proposal of 2005 must be to deal with this historic problem of unpayable debt, the multilateral debt," Brown told business and political leaders in Davos. "And that's why we are proposing, and I hope that other countries will support this, 100 percent debt relief on multilateral debt -- IMF debt to be written off by revaluing or dealing with IMF gold through sales." In London HSBC metals analyst Alan Williamson said the proposals would probably be ignored by the gold market for now. "We've had these calls in the past and its very unclear as to what exactly Gordon Brown wants the IMF to do," he said. "There are two things they could essentially do, one is to revalue the reserves and use that revaluation as an asset creation that they can then use...," "The second would be outright sales into the market, but the problem with that is they might have to get the statues of the IMF changed," he added. © Reuters 2005. All Rights Reserved. OK; Wir reden nur von Schulden der ärmsten Länder, die nicht nur nicht mehr rückzahlbar sind, sondern die vom IMF (IWF) und der Weltbank diesen aufgefrängt wurden um das cash der Grossbanken an den Mann zu bringen. Es ist wie das alte Feudalsystem, dass zwar nur ein Zehent forderte; Nun will man das ganze Land mit Mann, Maus und Allem was noch was wert ist. Gordon Brown, der Englands Gold bei Tiefstpreisen verschleuderte ist immer wieder federführend in der Debatte IMF Gold aufzwerten, oder gleich zu verkaufen. Die deutschen Michel stehen dem um Nichts nach - myoptisch, schlicht dumm, oder wie ich meine sie haben etwas zu verbergen - shoot and I'll answer! Letztlich sind doch die US Schulden, die sich nun auf über 34 Billionen US $ offiziell nicht mehr zahlbar. Das bedeutet 300% des BNP und nun 100% der Ersparnisse der Welt. Who's bananas? Welcome the US Banana Republic to the growing club of bankrupt countries. Great show ...
