Bob Chapman : The Power Hour 01 Aug 2011

Bob Chapman : what this was really all about was the cutting of social security and medicare , now we have to see how much they will cut there , once the foot is in the door it will continue ... probably 75 percent of the people in America that are over 62 are living on social security if the husband and wife are still alive it probably runs around $2200 a month and of course when you lose one spouse it falls , try living on that ! on top of that the cuts that are going to come on medicare we do not know what they are , probably the cost of medicare will go up ...it's a hundred percent of nothing we are talking about a trillion here and a trillion there it's chicken feed , we have deficit as far as the eye can see of about 1.7 trillion dollars a year , they have not cut anything they are not going to cut anything except the things they are wanting to get rid of , and they were probably forced to cut defense spending ...the people on social security are not going to be able to buy the medicines that they need and AND WE GOING TO HAVE DEATH PANELS THEY ARE GOING TO TELL YOU TO GO HOME AND DIE (BECAUSE THEY DO NOT WANT TO SPEND MILLIONS ON YOU )

Bob Chapman : The Gold Standard is the solution

Bob Chapman : " I think they should default , why should we let the bankers the people that control our government continue to do what they are doing which is just building a bigger and bigger and bigger Ponzi scheme , this problem is not going to go away doing what they are doing is not a solution , with QE1 they saved the financial institutions temporarily , QE2 they saved the government temporarily they have not solved anything , unemployment is going higher , ....." "  these people are making too much money and they do not want to stop they do not care what the consequences are "   " may be (and nobody knows that ) the banks own 20 percent of all the above ground gold in the world , so what ? the rest of the world owns 80 percent and is they are kept solvent because we go to gold standard and it works very well there is nothing wrong with that , what is concerning is the manipulation of the system , when you do not have gold backing the temptation is so great to go mad , just take for instance since 2000 the federal reserve has done every single year increasing money and credit one way or the other probably an average of ten to fifteen percent and during that eleven year period of time the price of Gold and silver annually against the nine major world currencies all of which are fiat , they lose more than twenty percent a year because there is no control and what Bill Still advocates is no control ...." 

Gold soars to record highs

Gold Hits Record High after the latest read on the economy came in weaker than expected. Insight on how one gold producer is posting profits, with Richard O'Brien, Newmont Mining president/CEO. "what i would say is what i said a while ago which is i think $1600 gold. i actually thought it might come next year but i think given some of the central government issues, not just here in the u.s. but around Europe, i think we're going to continue to see pressure on gold prices. i just remind all of your viewers that gold in nominal dollars actually from its high from many years ago, $800 would be over $2200. so while we talk about a record high, it's important to know its record in nominal dollars. i do think we continue to see a trend up. i think we're headed to $17.50 next year. i would readjust my estimate and i think we will continue to see pressure on gold prices for many years to come," Richard O'Brien said






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