BNN host a 9 min discussion on the alleged manipulation of the silver market following Bart Chiltons comments
Friday, October 29, 2010
Bob Chapman on The Alex Jones Show - Fri 10.29.2010
Alex Jones talks with regular Friday guest Bob Chapman of the International Forecaster about the economy and related issues. Alex covers the news and takes your calls.
Bob Chapman wrote on the International Forecaster of the 27th Oct 2010 : "......Most people do not realize, unless they are victims that the first 50% and then 85% of Social Security benefits are subject to taxation. In 2000, just 22% were above that level. It is now 39%. In 50 years, 85% will be taxed. Where we ask is the tax revolt? By that time the age to collect SS will be 70. By that time taxes on the wealthy will rise from 39.6% to 36% for the top two brackets. In just ten years those in the 15% bracket will graduate into the 25% bracket. The 28% group will be in the 36% bracket. Is it any wonder there is an exodus of citizens from America to foreign places with more forgiving tax rates? Incidentally, they won’t be going to Europe where rates are 70%, if you include the VAT, the value added tax. That legislation holds, health care reform, 16-tax increase for those of you who were not paying attention......"
Bob Chapman wrote on the International Forecaster of the 27th Oct 2010 : "......Most people do not realize, unless they are victims that the first 50% and then 85% of Social Security benefits are subject to taxation. In 2000, just 22% were above that level. It is now 39%. In 50 years, 85% will be taxed. Where we ask is the tax revolt? By that time the age to collect SS will be 70. By that time taxes on the wealthy will rise from 39.6% to 36% for the top two brackets. In just ten years those in the 15% bracket will graduate into the 25% bracket. The 28% group will be in the 36% bracket. Is it any wonder there is an exodus of citizens from America to foreign places with more forgiving tax rates? Incidentally, they won’t be going to Europe where rates are 70%, if you include the VAT, the value added tax. That legislation holds, health care reform, 16-tax increase for those of you who were not paying attention......"
Market Close Wrap-Up: October 29, 2010
The major U.S. equity indices closed mixed Friday after an economic growth report that didn't much help investor sentiment. The nation's GDP rose 2% annual pace during Q3, in line with economist expectations and just 1.7% above the rate in Q2. Strategic Wealth Partners' Tony Zabiegala commented, "Because GDP was so lackluster, we don't see the Fed pumping the brakes." In corporate news, Estee Lauder Cos. Inc. (NYSE:EL) reported a 14% boost to its Q1 net sales from the year-ago period at $2.09 billion. EPS rose 34% year-over-year to $0.95, up from $0.71 in the year-ago period. Net earnings for the quarter rose 36% year-over-year to $191.1 million. The Dow Jones Industrial Average (DJI) closed 0.04% higher at 11,118.49, the S&P500 (INX) closed 0.04% lower at 1,183.26, and the Nasdaq Composite (IXIC) closed 0.00% higher at 2,507.41.
BBC Interviews Adrian Douglas
Bullion Bulls Canada this week did its first Internet radio interview -- with GATA board member Adrian Douglas, who explained how the London gold market each day sells net claims to far more gold than is available to meet those claims and how this creation of vast amounts of paper gold is the primary mechanism of gold price suppression.
Shooting The Sacred Cows of Money - Save Money
Robert Kiyosaki Savers are Losers
Robert Kiyosaki talks about people that are saving money are not going to have money. They system is stealing your wealth. Money is now gold and siver... not the paper currency we currently have.Dollar Needs to Drop Further
Oct. 29 2010 | The dollar will need to drop a lot more than the Fed thinks if it's to meet the central bank's inflation target, according to a Goldman Sachs report. Dan Haugh, president of PTI Securities & Futures, has analysis.
The Foreclosure Calamity
Oct. 29 2010 |Insight on the foreclosure mess, with Camden Fine, president & CEO of Independent Community Bankers of America.
Toon Van Beeck, Trading Gold Post-GDP
NEW YORK (TheStreet) -- Toon Van Beeck, senior analyst with IBISWorld, details the effect Friday's GDP report is having on gold prices and how to trade ahead of next week's FOMC meeting.
Halliburton Shares Plunge
Oct. 28 2010 | Shares of Halliburton plunged after tests showed the company's cement mixture used to seal BP's oil well in the Gulf was unstable. CNBC's Eamon Javers has the story.
BP Knew Gulf Rig Cement Mix Flawed
RussiaToday--October 29, 2010--An investigation into the Gulf of Mexico oil spill has revealed that BP and its contractor were aware of flaws in the cement mix used to build the rig. A US presidential commission says that could have caused the blowout. The report also claims four separate lab tests were carried out - but only one showed that the cement was suitable for deepwater drilling. The April rig explosion killed 11 workers and caused the worst environmental disaster in US history.
Bob Chapman the Bankers made outsized profits via fraud
Bob Chapman on A Marines disquisition, 28 oct 2010
Bob Chapman wrote in the International Forecaster of the 27th Oct 2010 ...."...Bankers made outsized profits via fraud. The question now is, who is going to jail? Government will jail the little guys as always and the big fish will swim away. Let’s hope this time it is different.
Even the NY Fed wants to financially pursue Bank of America and Fannie Mae and Freddie Mac want to pursue Wells Fargo for burying them with toxic waste known as CDOs, ABS and MBS. If many mortgages are forced back to the creators, that will force the banks into insolvency or another public bailout, we will call TARP2. This kind of action will send the public into spasms and it could lead to major demonstrations. They are sick and tired of the financial world being bailed out and the public getting nothing. ...."
UFOs Going After Nukes?
The more than 120 retired military personnel warn of "ongoing and alarming intervention by unidentified aerial flying objects as Nuclear Weapons Sites. Former Air Force officers held a News Conference today in Washington DC. RT Correspondent Cedric Moon explains that these retired air force members are claiming aliens are watching us and they want the government to acknowledge this does exist but that it's nothing to be alarmed about, actually quite the opposite.
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