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Gold/Mining/Energy : Hecla Mining(HL) -- Ignore unavailable to you. Want to Upgrade?

To: dwight vickers who wrote (220)	1/13/1998 4:19:00 PM
From: Terrence Von Holidae	Read Replies (1) \| Respond to of 629

Dwight: Historically, world currency status is measured by decades, and in the empires of the past, by many, many decades. Witness the Byzantium and Caliphate empires. The most recent world currency of record however, is that of the British Empire, whose contraction was in full-swing at the turn of the century, ultimately coming to its close with the events of post WWI. In like fashion, it will be noted by historians in the future, that the US in influence peaked shortly after the close of WWII. Climaxing during the administrations of the sixties. Today, however, we are beset by the problems all great empires fall prey to: an extension of influence and power that cannot be maintained with the resources of the treasury, nor by the will of its people. World currencies often prevail beyond the underlying empire's ability to dominate the world economically. The excesses, however: trade imbalances, fiscal imbalances , military obligations throughout the world, etc., etc., ultimately catch-up with illusion and a new reality sets in. The empire's sovereign (the US dollar) ultimately reflects the new reality. Yours, T.V.H.