Bob Chapman : The whole financial system is coming down

Bob Chapman : The whole financial system is coming down , all currencies are going to be devalued everybody is gonna default as nations many many corporations businesses and companies are gonna fail Unemployment in the world will hit 50% ...the only place to be will be Gold and Silver...The core of all the problems in our society financial and economic can be traced back to the Federal Reserve which is privately owned and they are controlled and owned by banking in Wall street which is anonymous , they have had their way for almost a hundred years and one way or the other it is going to end...JP Morgan Chase has been rigging the market for so long , they just started bragging about it...


Mr. 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

U.S. Stocks Rise, Erasing S&P Loss From May 6 Plunge:

May 12 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. Stocks advanced, wiping out losses from the May 6 plunge in the Standard & Poors 500 Index, after pledges from the U.K. and Spain to shrink their budget deficits allayed concern the European debt crisis will curtail global growth. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)

Euro will disappear in next few years, Dennis Gartman

May 08, 2010 — CNBC, Fast Money, 05/06/10, Dow dropped nearly 1000 points (roughly 10%) in 15 minutes this day. Euro dropped relative to Japanese Yen 30 minutes prior to 995 point plunge in Dow.

Euro will disappear in next few years says Dennis Gartman ( Euro 1.2727 dollars to one Euro, High was on Dec 3, 2009 at 1.512.

(Dow ended the day at 10,520 on this day).

Guy Adami, Pete Najarian, Melissa Lee, Joe Terranova

Stock market, equities, 1000 point plunge 05/06/10, gold, silver, bonds, futures, currencies, US dollar, Euro.