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Bob Chapman : Greece will default sooner or later , there are demonstrations all over Greece including in the islands , In the United States we still have not seen the real fallout in the municipalities and in the states we are talking about 5 million lay offs in a 3 years period , unemployment will climb to 30 percent and there is nothing they can do to stop it and they really do not care , Larry summers is now asking for a QE3 which is just an extension in order to set up the next war , they will inflate everything and we may end in hyperinflation says Bob Chapman of the International forecaster , inflation is like a thief in the night , QE2 next year will bring us 25 to 30 percent inflation and in the year after we are looking at 50 percent inflation
Bob Chapman : if we will have QE3 it will be bigger than QE2 , unlike with Portugal and Ireland the European bankers are asking for collateral in Greece
Bob Chapman wrote in The International Forecaster of the 22nd September 2010 : "As quantitative easing again gets underway the failure of QE1 becomes more obvious. The crisis worsens and the illusion of any recovery is light years away. Over the past three years almost $13 trillion that we know about has been thrown down a rat hole to bail out banking, Wall Street, insurance and selected elitist entities. The dollar figure is probably much higher. We will never know, because the privately owned Federal Reserve makes its own rules. Everything they do is a state secret. The five successful quarters were only a mirage. The funds have been vaporized among lending and financial institutions worldwide. There has been no accounting and there never will be as long as the Fed is not audited and investigated. We are in an inflationary depression and have been since February 2009. Massive injections of liquidity do not work, nor have they worked for centuries under these conditions. You cannot resurrect an insolvent country in a system that is corrupt. The controllers of the US economy are about to lead the American economy and financial structure into a great dark pit. The US and the world is soon to face a global breakdown deliberately engineered by the forces of darkness. "
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients. Bob Chapman : you got to remove these people from the government Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster. Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
Extract from The International forecaster of May 29 2010 : "The U.S. government’s Aaa bond rating will come under pressure in the future unless additional measures are taken to reduce projected record budget deficits, according to Moody’s Investors Service Inc.
The U.S. retains its top rating for now because of a “high degree of economic and institutional strength,” the New York- based ratings company said in a statement today that was little changed from a credit opinion released in February. The outlook is stable, the statement said.
The government’s finances have been “substantially worsened by the credit crisis, recession, and government spending to address these shocks,” Moody’s analysts lead by Steven A. Hess wrote. “The ratios of general government debt to GDP and to revenue are deteriorating sharply, and after the crisis they are likely to be higher than the ratios of other Aaa-rated countries.”
Debt to revenue has more than doubled over the past three years and is now over 400 percent, which could lead to “potential stress” on finances, the report said.
“This whole financial crisis in Europe has actually benefited the U.S. government in its access to finance,” Hess said in a telephone interview. “The U.S. Treasury market has become once again, as it was during the recent financial crisis globally, the safe haven, and therefore lots of money flows into the U.S. Treasury market and that is a very positive.”
Tuesday morning rumors and a FT story about Germany extending its short-selling ban prevented US stocks from a larger opening decline and generated a rally after the opening onslaught.
One rumor said the ECB would cut its 1.00% benchmark rate by 50bps generated a rally in US stocks after the opening carnage.
Any ECB rate cut would pressure the euro, which in turn would induce traders to sell European sovereign debt, which would exacerbate Europe’s debt-death spiral.
On Tuesday morning, the NYSE invoked Rule 48, which allows the NYSE to suspend the requirement to disseminate price indications at the open. Looks like all that technology isn’t very useful – or does the opaqueness aid and abet the connected few in their desire to operate with ‘an edge’?
Tuesday’s rally got a second-stage boost during midday when Cong. Barney Frank stated that forcing banks to spin off their derivatives operations “goes too far” in regard to financial reform."
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients. Bob Chapman : you got to remove these people from the government Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster. Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
This interview is about the fake GDP official numbers , bob then speaks about Ron Paul and his incident with Ben Stein on Larry king live , from their he touches a wide range of subjects from the audit the FED to the wars , terrorism the dollar and a lot more...
Bob Chapman is 72 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas. Bob Chapman also known as The International Forecaster was the largest gold and silver stock broker in the world for 28 years was a trader for 25 years , He owned his own Brockerage Firm for 18 years
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Bob Chapman the International forecaster will talk today about the social security Ponzi scheme , the banks filling for bankruptcy , banks buying banks , private equity groups buying banks , foreign banks buying American banks this is the consolidation of fascist power...the only way to protect yourself is gold and silver says Bob Chapman
