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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: ahhaha who wrote (79472)	11/21/2001 1:43:07 AM
From: ahhaha	of 116753

The reason the dollar is weakening is that FED has allowed the wage inflation engine to gradually build itself into an unassailable position. One need only look as far as UAL's mechanic's union to see the degree of intractability. UAL is a totally busted superficially operating disaster and unions are going out on strike in order to seek a "level playing field". This is what AG's WinXXX productivity rationalized money growth has wrought, so AG's FED will have to be the one which breaks American labor. But first FED will pump it up to accommodate the next highest marginal cost worker, given the highest has already settled. However, the highest will have to come back early for another round. Thus Americans will be at war with each other, a war that never left and is far more dangerous than a mere crusade.

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