Saturday, June 4, 2011

Bob Chapman - The Global Freedom Report - June 1, 2011

Bob Chapman - The Global Freedom Report - June 1, 2011
Bob Chapman tells about his ex job as a counter intelligence agent during the cold war and how he was spying on Russians and ex soviet union agents the KGB the STASI agents etc....when Bob Chapman was spying in Germany Putin was there too as a KGB agent


Bob Chapman - Real News Radio - June 4, 2011

Bob Chapman : ..Moody's Fetch and the S&P should have criminal charges written against them for their misreading deliberately of securities that contained mortgages , they part of the problem and it's dreadful what's going on and nobody goes to jail ...Moody's are not going to drop their credit rating for the USA not in the short term at least says Bob Chapman it's another exercise of futility and psychological arfare ....


James Turk : gold is money not an investment

James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation

James Turk of the GoldMoney Foundation speaks about currency devaluation and the rising gold price. How the gold price is rising against all major currencies and monetary policy is political, having abandoned all pretense of seeking monetary stability. He warns of the dangers of a hyperinflationary crisis. James also explains why gold should be considered money and not an investment. The presentation entitled " Gold the dollar and the Euro" was held on the 29th of April 2011 in Munich, Germany.
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