Bob Chapman on Discount Gold and Silver Trading Nov 29 2010
Bob Chapman with Melody Cedarstrom of Financial Survivavl 29 Nov 2010Bob Chapman wrote in the international forecaster of the 1st Dec 2010 "....A very important event is that China and Russia are going to quit using the US dollar. This is big news. In spite of the current USDX dollar rally it will reduce demand for dollars and expedite the dollar’s demise. Once the dollar rally, induced by European problems is over, the dollar should take out 74 on the USDX. Current US insolvency is being ignored as the five-euro zone PIGGS get gored.
In addition, we wonder whether even the strongest country, Germany, can survive the onslaught of the 5 PIGGS and their financial problems. The Germany people are very upset that they have to bail out these Club Med countries. The US has the same problem with large liberal states with vast amounts of illegal aliens that are broke and will have to depend on the federal government for perpetual funding. Accompanying that funding will come further Federal control...."
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