is the gold bull over?, page-60

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.