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To: Intrepid1 who wrote (109300)12/20/2018 4:50:08 PM
From: flashforward2009  Read Replies (1) | Respond to of 116841
 
They can't afford not to buy cheaper foreign manufactured goods, that was my point. And manufacturing jobs that use to pay a living wage are pretty much gone for good, meaning automation and AI is taking the place of workers. A whole new economy has to be created. Look at pics of auto manufacturing in the US old pics look like ant hills there are so many workers, today many parts of the plants during manufacturing have not even one human being involved. That trend is accelerating. Who owns the plants increasingly the one percent, who are they selling to? The 99% who increasingly have little expendable money after necessities, can't go on this way. Profitable businesses are being taken private, most people can't invest in them because they are not credited investors, meaning not multi millionaires.



To: Intrepid1 who wrote (109300)12/20/2018 5:51:49 PM
From: Rarebird  Read Replies (1) | Respond to of 116841
 
With the exception of one member and possibly another, this is Donald Trump's Federal Reserve. He appointed 90% of the voting members, who ruthlessly raised rates when there was global unrest. Yellen, who is a progressive, is on record for having paused for one whole year due to global concerns.
Were these rate hikes good for gold and the Miners? Short and intermediate term no. Longer term, they will likely bear fruit because once a recession hits, the Fed will start easing again, which is good for gold. As for where Americans should or shouldn't buy their products, that's the subject for another thread.



To: Intrepid1 who wrote (109300)12/31/2018 12:08:00 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 116841
 
Ain't just the working poor... It's everyone... It's a great US hypocrisy...

When you read the words on your money

In God We Trust

You are looking upon the true face of the US God..