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Bob Chapman : I do not think the Europeans fully understand the gravity of what's going on but the Americans and the people in the rest of the world do not understand either...Greece may do a partial bankruptcy ....Papandreu is a Marxist
Bob Chapman wrote in the International Forecaster of the 1st December 2010 : "....On a European note, Germany cannot keep paying for bailouts without going bankrupt itself. Germany is drowning in the debt of other countries.
Assets under management in commodities hit a record high of $340 billion in October.
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...." etc...
