GOLD 0.51% $1,391.7 gold futures

is the gold bull over?, page-60

  1. 155 Posts.
    With Americans being less and less interested in the safe
    haven of gold (as US shares keep rising) speculators are
    dumping gold and pumping up the price of US shares.

    But is the share Bull Run irrational exuberance? What
    ever it is - it's papering over the cracks in the US
    economy - not solving deep-rooted problems
    like a National Debt to GDP ratio of 107:100
    (which retards growth) and accumulated
    Federal debts and unfunded liabilities
    from Reagan to Obama that total
    $1,091,759 per US taxpayer
    that debauches the USD.

    What the US Bull Run in share prices (not share yield)
    also papers over is: There is no minimum wage or a
    Fair Work Australia in America. Hence 4 US workers
    in a family that get $6.00 an hour can't afford to
    pay rent and buy food. So 48 million Americans
    (at vast public expense) rely on Food Stamps.
    This welfare reliance (due to mean bosses)
    is made worse by Big Biz sending millions
    of US jobs to coolie-wage lands that pay
    meaner rates than $6.00 an hour. This
    means 25 Americans are jobless and
    incapable of the consumption that's
    needed to increase production
    that's needed for a recovery.

    Apart from speculative share punting, there is
    no Bull Run for many ordinary Americans, nor
    can there be until Americans have a legislated
    minimum wage of $16 an hour, like OZ has.
 
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