Bob Chapman : with Drew Raines Nov 4 2010

Bob Chapman : with Drew Raines Nov 4 2010

Bob Chapman wrote on the International Forecaster of the 3rd November 2010 :"....As always bankers have been borrowing short to lend long, a sure recipe for disaster. That leads us to one of the greatest frauds of the century, the collapse of the real estate market and securitized mortgages. In order to survive banks are borrowing from the Fed at zero rates and lending back to them at 2-1/2%. No one says anything because no one wants the banks to fail. No matter what you call it the result is extending the debt timeline hoping something good will happen..." read more >>>>