Bob Chapman - A Marine Disquisition - 03 Nov 2011

Bob Chapman - Credit Default Swaps are a form of insurance , the actual figures regarding the Greeks debt are around 600 billions , if there is a default the consequences for these banks are going to be dreadful , it is a tremendous amount of money we are talking about ....Deutsch Bank is in horrible situation because they like to gamble on international markets , most of the banks in Europe will be nationalized not just in Germany

Dan Dicker, bets on Gold

Dan Dicker, Merc Bloc president, explains why he's buying gold for the first time in four years.Dan Dickers : I think what is going on is the possibility, and I hate to say this, I think that it ends up in the in the end with the monster bazooka courtesy of the IMF coming in and financing it. and that's the event that I'm sort of shooting for here and then the moment it comes out is the time to sell the metals somewhere around 2200. but i think everything is looking at this kind of constructive can kicking. it's become an art form in Europe. and the only way that i can find to protect myself against a very fruity market, at least it's really unfathomable. i have never been afraid of risk before. but right now, the market just doesn't make any sense to me. I am looking for some safety. I'm trying to find it with some gold.

Bob Chapman : Greece is unsavable

Bob Chapman - Freedom Files 03 Nov 2011

Bob Chapman finds it strange that the Greek prime minister Papandreu called for a referendum and later on changed his mind , bob thinks that he was told straight from the other European leaders that he better do not have that referendum because if he does the people for sure are going to vote against , all they care about is the Euro and keeping the EU together they do not care about Greece ,...Greece is un savable Papandreu is gone in 6 weeks ....