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ranbotrader
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The Jim Rogers view on gold

- Clif Droke -

"The working class is still in the process of unwinding the debt and excess from the �“party years�” prior to the credit crisis."

Are you serious Cliff? The "working class" live from hand to mouth and are little more than serfs and slaves. So how do you imagine that the working class is able to unwind debt?

The latest figures indicate that both working class America and middle class America are poorer than they have ever been. Given the huge pay disparity between Wall Street and average Americans and the deplorable working conditions they endure one has to wonder at a statement like the above. Perhaps your blog should have focused on how CEOs and sports stars are able to be paid hundreds of millions of dollars whilst the other end of town is refused full time employment and is expected to live on third world wages and conditions.

If you want to get America working again then cut the obscene pay of the top and give average workers some money to spend. There is an old adage about money which does not go around the loop being inefficient and blocking the system. It only works whilst it is creating the multiplier effect. Maybe Warren Buffet might disagree but the state of the economy will not.

Commented 4010 days ago

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Beginning of the headline :If October has held any surprises for anyone so far, it has to be the bears. While volatility has been in evidence, the crash that some analysts were predicting has so far failed to materialize. One reason for this was the increase in short interest leading up to the start of the month. According to short interest data provided by Consensus Inc., bullish sentiment has been declining for the last few months and recently hit a low for the year to date. Investors and advisors alike, it seems, h... Read More

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