http://www.washingtonpost.com/busine...46f_story.html
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Heres one thing that maybe is helping out the US economy though
http://uncensored.co.nz/2013/01/01/s...prisons-facts/
I sent the link to my sister in the states--she said some are innocent but alot are guilty etc. etc. I dont think it occurred to her that the whole system over there must be broken to produce those kinds of stats. [no work-cycle of poverty-exploitation-etc.]
They happily go to Walmart for cheap prices while heaps of small businesses have gone to the wall as a result. Owners of walmart make another X billion--small business families out of work--kids get into trouble-[you can fill in the dots]--meanwhile theres guns in the cab net.
Looks like the gold price is on the skids, things are looking up.
Putting prisoners to work is a great idea, I've seen them in Florida working on the side of the road, should be more of it. I'd be happy to put more scumbags in jail here to, having these losers on bail causes untold grief.
I get your point--and when this sort of corporate greed starts to create social problems,then as has been demonstated there are those who are only to happy to put the scumbags in jail--perhaps this issue needs a bit deeper thinking about the root of the problem.Are we really ready to put our money where our mouth is, to have a better social system[pay a few dollars more at the mom and pop hardware shop and say no to a few of the corporate giants?]
Meanwhile some at the Fed have said they expect QE to taper off and stop sometime in 2013..which is just another way of saying they think unemployment will reduce in that time.[of course gold dropped on the news]
So the real question is, will unemployment really drop in the good ole USA. Maybe - maybe not,--but there are some major hairy issues to get through first[debt ceiling etc.]
Lets not forget the republicans have demonstrated they are prepared to wreck the US economy to get what they want[and Im sure the good ole Tea Party conservatives wouldn't hesitate to put those caught up in the collateral damage in the scumbag filled jails]
EW theory from Jon Nadler:
Turning to the technical side of the gold market, we find that the yellow metal is still in a twelve week-old downtrend despite the Fiscal Cliff-related gyrations we witnessed the other day. Wednesday afternoon’s EW update noted that the push from the recent $1,635 low up to the $1,695 high observed on Wednesday leaves patterns somewhat open to interpretation, but that a slice through $1,650 would yield a potential drop to at least the 2012 summer low of $1,527 per ounce.
Bring it home!!! ...
http://www.telegraph.co.uk/finance/p...ed-moment.html
Tossers like Jim Sinclair who make a living selling his gold and silver to suckers for their fiat money need to generate a bit of business, so they're looking for any opportunity to create some media attention.
As predicted ,gold has been pretty much range bound for the start of the year.
Min issue coming up-the debt ceiling issue and how they work it out.
Thje Republicans have pretty much said they are willing to shut down the government to try and get their spending cuts which has put the US in danger of another credit downgrade.