Obama bursting the gold bubble
On Sun, 25 Sep 2011 13:41:12 -0700, Hawke
wrote: On 9/24/2011 8:25 PM, Benny Fishhole wrote: On Sat, 24 Sep 2011 16:46:31 -0700, Hawke wrote: On 9/24/2011 3:42 PM, Edward A. Falk wrote: In ,Dee p Dudu wrote: On Fri, 23 Sep 2011 22:03:49 -0500, Benny Fishhole In order to cover their losses, traders had to sell their gold, AWWWWWW ! Poor babies !!! I Lol'ed. It's in the nature of bubbles to burst; it's what they do. All you can do is try to prevent them from happening in the first place. I think if Fishole could, he'd blame the tulip craze on Obama. He's like all the right wingers. Because their last president ****ed the country up so bad they're constantly trying to make it seem like Obama is similarly as bad a president. Unfortunately, the facts are never on their side. Take his gold example. Yeah, gold was down. But so was copper and the other base metals. Oil was down to 79 a barrel too. Almost all the commodities were down and gold was just one of them. They're down because the world economy is slowing and that includes China. So there is less demand for commodities and their prices go down. Just about everywhere economies are slowing. It's not just us, and when you know that the other countries are different from us and have completely different problems from us, it's clear it has nothing to do with Obama. He's done everything humanly possible to bring the U.S. economy back from where Bush left it when he went back to Texas. Now is the worst time for a world slowdown as far as Obama is concerned. But that's what he and we are getting. All the economies are slowing down. That's a good thing for right wingers in this country. It gives them a reason to blame Obama even though it is a bogus one. As if they needed one. Hawke You retard. Metals are down along with everything else because Obama is ****ing the country up, not to mention the entire planet. People are losing jobs and no new ones are being created. ****ing Obama couldn't run a lemonade stand without going trillions into debt. So Europe and China are slowing economically too you dufus. Are you saying Obama is making them slow down too? If you think that then give us the evidence. By now everybody knows that you are blaming Obama for everything under the sun including a cloudy day. So show us why when the whole world's economy is slowing that is something that Obama is responsible for. But then we know you can't and all you are doing is blaming all the world's ills on Obama. Too bad only right wing kooks believe that. Hawke See: http://www.channelnewsasia.com/stori...097666/1/.html That reads in part: "East Asia will post slower growth next year due to a wobbly US recovery, the Asian Development Bank (ADB) warned Tuesday, adding that greater exchange rate cooperation could help safeguard the region. The fragile US economy and phasing out of economic stimulus has weakened the outlook for East Asia, with growth expected to shrink to 7.3 percent in 2011, down from 8.8 percent this year, the Manila-based bank said in its twice-annual Asia Economic Monitor." You will note that the report is dated 7 Dec 2010 and guess what.... it happened, just as the ADB said it would. Cheers, John B. |
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