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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST

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To: Rarebird who wrote (68445)4/30/2001 8:23:30 AM
From: long-gone  Read Replies (1) of 116779
 
<The standard of living under what we class as "poverty" in most of these United States is often higher than that of the middle class in many other places on the globe.>
That is a true statement. But do you understand the process in which that has come about>>

The "proccess" came about because LBJ started the "War on Poverty" This began an industry which is made up of Democrats being reelected to continue fighting the war. For there to exist any "War", there must be an enemy. In this war the Democrats will simply redefine the level of poverty so as to assure there are poor which can be bought with more newly printed paper.

<<Your thoughts concerning Bush as being Pro Gold and for a weaker US Dollar, tells me your clueless.>>

No, I refuse to declare the man a liar because he hasn't lowered the dollar "yet" when he is only 102 days into a term of 1460 days! (note - The dollar has been lower that it was at its highest level under Clinton- when he made the promise.

<<How do you think a much higher POG will affect this living standard? >>

There could be a far better balance of value of gold to dollars with little or no reduction standard of living. It would take only $40-65 to make most US traded mining firms show black at the bottom line.
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