Bob Chapman of the International Forecaster explains in details what the 'Trading over the counter gold and silver " becoming illegal starting from July 15 really means , he says you should not worry about it , it is not going to affect the general public of bullion gold and silver buyers this is a market for professionals the aim for this legislation is to create panic confusion among the public and scare them from longing gold and silver while shorting the dollar bob Chapman says it is psychological warfare and you should not worry about it....
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Monday, June 20, 2011
Bob Chapman - The Power Hour - June 20. 2011
Bob Chapman : The Stock Market may not rebound , the market has been kept at its current level by QE1 and QE2 and stimulus 1 and 2 otherwise it will be lower , there will be no stimulus 3 because the congress is going through the motion supposedly of austerity cutting things , but the FED will be purchasing treasury paper otherwise there is nobody else to do that , the market will probably go lower , if you are in the market the value of your portfolio will drop by around 20 percent , the longer term in the stocks is down the longer term in gold and silver is up , the shorter term in the Dollar is up says bob Chapman of the International forecaster
Bob Chapman : Greece default could bring down the entire world banking system
Bob Chapman on Liberty Round Table - June 20, 2011
Bob Chapman : what they are not telling you is the American banks wrote credit default swaps on the debt that have been encored by the European banks not all of it but part of it , and the American banks if Greece would default are on the hook for 120 billion ...this is some real serious stuff if Greece defaults and probably they will and that's the right thing for them to do and they will be followed by others the other PIGS countries , that means losses between 4 and 6 trillion dollars that means if that happens the entire world banking system going down
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