Gold peaks at $1263 - Robby Noel vs CNBC Jun 18 2010

CNBC maintains that Gold is in a bubble

CNBC maintains that Gold is in a bubble. Robby says CNBC is a worthless financial channel.

Gold peaked at $1263 but settled at $1257.
Silver peaked at $19.30 but settled at $19.19.

Robby maintains that the media is not focusing enough on the financial crisis. Caller mentions having difficulty trying to talk to friends about Zionism.

Robby explains when he was on the American Freedom Network and he did a interview with James Dobson. Robby questioned why were we going to war and alienated some people back then. Robby mentioned the manipulation during the first Gulf War where the media bought out that princess who said that Saddam was killing babies. Suddenly people were for the war.

Robby gives a background on how he came to realize Christian Zionism is a problem. He will be giving a announcement soon about when he will go back to South Africa.

Bob Chapman : Every major Bank in The US and Europe is Broke

Bob Chapman on The Sovereign Economist 16 June 2010

From The International Forecaster of the 16th June 2010 : "US banks are fighting to preserve the use of securities that help them appear better capitalized, even as their investments in each others notes perpetuate what one regulator calls a downward spiral of losses. The cross-ownership, largely unnoticed by bank supervisors who generally discourage the practice, was made possible by a Wall Street innovation like the ones that allowed subprime mortgages to flourish. Small lenders were able to sell trust-preferred securities, known as TruPS, because investment bankers packaged them with those issued by dozens of other financial institutions."



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

Crude Lies: Americans Not Getting Truth About Gulf Gusher

By Jim Traficant

America experienced long gas lines in the 1970s. Gasoline was rationed, fuel costs rising through the stratosphere. So Congress created a Department of Energy. Another bureaucracy, this time with one major goal: Reduce our dependence on foreign oil.

Sounded good, didn’t it? Wow, we’re finally going to do something about this oil thing. This trade deficit thing: oil. No more hard times. Yellow brick road forever.

Right. Who’s kidding whom? America is more dependent on foreign oil today than we were in the 1970s. So much for the Department of Energy. It’s nothing more than a big expense to taxpayers. The same goes for the Department of Education. States can handle their educational programs.

The truth is we have too much federal government— way too much. Think about it: There are more government workers today than factory workers in America. We have no program, no strategy of economic revival, but that’s a subject for another day. Today, it’s all about oil. Everyone is stunned by the oil spill in the gulf. Hour after hour, there are news updates on the massive leak of a BP well in the Gulf of Mexico. Some say up to 1 million gallons are flowing into the open water each day.

Engineers from all over the world are trying to stop the spill. Every possible methodology is being employed or subject to experimentation. Bottom line: In the next two months as much as 60 million gallons of oil will foul the gulf waters and beaches from Louisiana to Mississippi to Alabama to Florida.

The problem is much greater than the mainstream media is portraying. I do not believe that the American people are getting the unvarnished truth about this disaster. I believe BP and the government are hiding the true consequences of this, hoping against hope that a miracle will save the day and seal this huge fracture. But hope won’t get it. At least the American people can be informed, truthfully informed.

Just what is the truth? Let’s review some facts and analyze the “science” of this disaster.


Experts agree that the pressure that blows the oil into the gulf waters is estimated to be between 30,000 and 70,000 pounds per square inch. If they are correct, and I have no reason to doubt them, this spill is impossible to control. That’s right, I say impossible. There will be massive destruction in and around the gulf. The carnage to the United States will be staggering. Florida is in grave jeopardy, according to many scientists.

The scenario is clear: Super-high-pressure release of oil from the gulf floor is between 60,000 to 80,000 barrels per day. But that’s not all of it. In addition to the massive, high-pressure flow of oil and toxic gases, rocks and sand spew forth as well. This is dangerous.

These rocks and sand cause a sort of “sandblasting” effect on the remaining wellhead to be worn and thus, enlarged, causing an even greater, increasing flow. They now maintain that even if some device could be placed onto the existing wellhead, it would not be able to shut off the flow.

Be advised that the original wellhead piping is about two inches thick. It’s likely to be less than one inch thick now, and thinning, from this “sandblasting” effect. The oil has now reached the Gulf Stream and is entering the oceanic currents, which are four times stronger than the gulf current. What does this mean?

The science is clear: the strong oceanic currents will carry it throughout the world within 18 months. Scientists warn that the oil with the gases, including benzene and other toxins, are now depleting the oxygen in the water and will begin to kill all life in the ocean. The wellhead must be capped. Slant-drilled pressure relief “valves” will take two months to complete. If the sandblasting effect is not abated, the drilled hole in the Earth will enlarge itself beneath the wellhead and weaken the area the wellhead rests upon. The great pressure will blow the wellhead off the drilled hole, allowing unrestricted flow of oil.

Eventually, after several billion barrels of oil have been released, the massive cavity beneath the ocean floor will begin to normalize, allowing water to be forced naturally into the huge cavity where the oil was. The temperature in that cavity is 400 degrees, at minimum. The incoming water will be vaporized and turned into steam, creating an enormous force, which will actually lift the gulf floor.

One thing is certain: A massive tsunami wave between 20 to 80 feet high will be created while gravity forces the gulf floor to fall into the cavity. This is how nature seals the hole. Everything within 200 miles is in grave danger.

Man drilled the hole, but nature will seal it, if man fails to do so. This is no ordinary spill, folks. At least we should be informed—truthfully, that is. Get back at me.

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