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Default 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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