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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?

To: Henry Volquardsen who wrote (1737)	3/29/1998 9:06:00 PM
From: CLK	Read Replies (1) \| Respond to of 3335

I will study these notes here shortly..I printed them to take them to work tomorrow. Thanks again..this is big stuff. I think Epic and Safari and now ripe as we approach the end of March when all the logs should be in. Could be big..good chance it will be. The Euro will be even bigger of course and the firming gold price could be saying something about that imho. To be continued. By the way have your read Judy Shelton's Money Meltdown? It really is a good book.

To: Henry Volquardsen who wrote (1737)	3/30/1998 12:19:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 3335

Good Evening Henry, CLK OFF Topic ECU Thank You for your very interesting and thought provoking reply. I spent Sunday morning with a gruff old gentleman now in his 80's, who was a Lincoln Scholar from Nebraska and spent many years teaching european and American political science.... I read him Mundell's article (he is now blind, but quite sharp) and also your posts to this thread. His reaction to Mundell was quickly put... "Haahh...he's mostly a politician, always eagar for a good story...." His responses were very similar to yours. The ECU will become a viable currency only after an extended period of nervous gesturing by many of the players, but it will take a good many years to evolve. As you, he felt that politics were being used to assuage the gold players and the demoniterization of gold would continue. That unless a crisis required a golden anchor, the central bankers and politicians would choose floated currencies. His biggest concerns were for the fixing of the floating rates within the ECU countries and abilities to weather the bickering of the 'elite's'. They are such an old and structured part of the european power base. He also believed that serious consequences would evolve if the ECU became stronge and excluded other parts of europe, such as the Russian block of emerging economies as Yugoslavia and those of Turkey and Greece. If in the years ahead these states were not included - war would be inevitable. Turkey was of particular concern....if Turkey were to be continuously turned away, this would signal a protectionist ECU and cause enormous tensions in the ethnic and economic balance of greater europe. He also believed that Nato should not become the quardian of the ECU....again another signal of exclusion and protectionist tendencies.... I added to this conversation by extending the subject into the future. It was conjectured that the ECU would become a significant success and therefore would pressure Japan into forming its' own currency block along with Hong kong, China and the Indo block. I felt this was an inevitable and natural extension of the present state-of-affairs in monitary expansion. That there would be 3 broad-band currencies in the world in 15 years. All sharing a similarity with todays Yen-Mark-Dollar balance. Let me end by adding that this old Army Colonel walked or rode a jeep from North Africa to Sicily, to the Beach at Anzo, up the spine of France into the Battle of the Bulge and many other major conflicts. One of his most bitter memories....of that walking....being one of the first officers to enter and liberate Dachau. He has a particular interest in the ECU.... He wishes our generation would pay particular attention to the "unexpected." That shifts -- in todays 'environments' of currencies, international politics, trade, commodities, economics and demographic-ethnic developments all appear to be moving to a rapid conclusion, but in fact are the result of history and are moving very slowly...... Technologies have narrowed our focus, but old problems of an intergrated europe may not come so easily, may not follow the paths layed out for them. That the seeds of division in europe will not go away easily.....even with broad and significant economic prosperity. It was an interesting few hours spent with an old Lincoln Scholar. Chip