Two events, both of which were perpetrated by the Obama regime have destroyed the bond market and the commodities market.
1.) Stealing the property of GM and Chrysler bond holders and turning it over to the Auto Workers unions when those two automakers went bust. Why would anyone in their right mind invest in a bond after that bout of sheer idiocy on the part of Obummer?
2.) MFC Global - Property in vaults stolen under fraudulent circumstances and given to make JP Morgan whole. Nobody goes to prison - not even Corzine. This was theft clear and simple - people had gold bars with serial numbers engraved on them in safe deposit boxes. This is as if your car was stolen when the guy who you rented a garage from had financial trouble...
Nobody in their right mind can trust markets any longer, at least not in the USA. Obama destroyed the bond market and the commodities market with sheer idiocy.
It’s over and the Muslims didn’t do it, the Chinese didn’t do it, the Soviets didn’t do it...
1) The fact that the bondholders of GM and Chrysler had their equity stolen by presidential fiat is unconscionable.
2) MF Global might become a much bigger deal than it is. Why Corzine is still walking around is beyond me.
3) In 2008 the US elected a moslem communist to the presidency. A population that wants to be led by such a man, or who unknowingly elects such a man gets what it deserves.
The election of 2012 in the US is as important as the 1933 election was in Germany.