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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Crimson Ghost who wrote (5705)	1/12/1998 5:37:00 PM
From: PaulM	Read Replies (2) of 116758

George, the masters will soon find that a bailout of ALL the big money is impossible without an unprecedented monetary expansion and lots of inflation. Also good for gold, even without a revolt. Having said that, I agree that the pendulum has to swing back in favor of the worker. I'm a big believer in free markets, so when the "global economy" and free trade arguments were being tossed around I bought them wholeheartedly. Even if the competition was painful for American workers. But now its clear that the "free market," and cut throat competition applies to workers alone. Workforces in whole industries can disappear. But not a bank or a multi national conglomerate. The 80's were known as the "decade of greed," probably because the hostile takeovers that characterized time threatened entrenched management. What should we call the 90's? I'm shocked that more attention isn't paid when the U.S. and international institutions unanimously exhort soon to be impoverished S Koreans to donate the family jewels for the sake of rthe fabulously wealthy.

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