NEWS ON BOOZE : THE TRUTH THE NEWS WILL NOT TELL YOU . Your Source of Daily Alternative & Independent News a daily follow up of Investigative Journalists Whistleblowers Conspiracy Theorists Truthers Visionaries and Freedom Fighters . Freedom is real and attainable
Monday, May 24, 2010
Investors Pour Cash Into Gold, Treasuries
Bob Chapman : Mortgage purchase applications sank 27.1 percent to the lowest level since May 1997
Bob Chapman on Dr Deagle Show
Bob Chapman the global economy is failing , Extract from THE INTERNATIONAL FORECASTER of SATURDAY, MAY 22, 2010 :
"
Mortgage purchase applications sank 27.1 percent to the lowest level since May 1997 in the absence of the popular government support, the group said. U.S. housing groped for footing after more than a year of homebuyer tax credits worth up to $8,000 expired on April 30. Requests for home purchase loans have fallen almost 20 percent over the past month despite low borrowing costs. "It's disturbing," said John Canally, economist at LPL Financial in Boston.
"It seems that every other data point for housing is pretty good -- high affordability, low interest rates, relatively low inventory, home prices are up -- so I'm leaning toward the hangover from the tax credit but I'm going to need to see a couple of more weeks of data." Overall loan requests were down 1.5 percent, on a seasonally adjusted basis, in the week ended May 14, cushioned by a 14.5 percent jump in mortgage refinancing applications as home loan rates neared historic lows.
Average 30-year mortgage rates fell 0.13 percentage point last week to 4.83 percent, the lowest since last November, the MBA said. The record low was 4.61 percent in March 2009, based on the group's survey, which has been conducted since 1990.
Refinancing applications jumped to a nine-week high and accounted for about 68 percent of all applications last week.
But buyers took a low profile after rushing en masse to take advantage of the tax incentive. "The data continue to suggest that the tax credit pulled sales into April at the expense of the remainder of the spring buying season," Michael Fratantoni, the industry group's vice president of research and economics, said in a statement.
The MBA separately reported that total U.S. home loans that are late paying or in foreclosure eased in the first quarter but remained near record highs, largely because the country's unemployment rate remains elevated.
One out of seven U.S. households with a mortgage ended the first quarter late on payments or in the foreclosure process.
With the tax credits gone, home shoppers will take more time to find the right property, said Marc Demetriou, branch manager/mortgage consultant at Residential Home Funding Corp in Bloomingdale, New Jersey.
"Unemployment is definitely still an issue and inventory is still an issue, but it's definitely a buyer's market," he said. However, "people that were serious about buying worked very hard and spent a lot of time and effort to find the right house to get in for April 30," when the tax credit expired,
U.S. borrowers have gotten a hand from Europe, on worry that roughly $1 trillion in emergency funding might not be enough to stabilize euro zone debt markets. Investors have fled for the safest securities, slicing the U.S. Treasury yields that are used as a peg for mortgage rates.
Low borrowing costs and stabilizing home prices are being offset by the near double-digit U.S. unemployment rate and a looming supply of foreclosed properties yet to hit the market. The worst of the housing crisis is over but recovery will be long and slow, most economists agree."
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
Sunday, May 23, 2010
Bob Chapman , John Stadtmiller - May 11 2010- Robby Noel, - Roundtable
John hosts a weekly Financial Roundtable with Robby Noel and Bob Chapman. John is on the RBN network with his own show called The National Intel Report and runs the network as well. Some say this is the best two hours in radio.
______________________________________________
John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
_________________________________________________
RBN has some of the best informative shows out there. Their archives are only $1.33 per month. I suggest supporting them and then you don't have to wait for their shows to be uploaded here.
Conspiracy of the Rich: The 8 New Rules of Money Robert Kiyosaki Video Blog #4
Are you prepared for the coming depression?
Robert coming you from his Hawaii home, states an important question, "are you prepared for the coming depression" as an introduction to Chapter 4 of Conspiracy of the Rich: The 8 New Rules of Money and addresses Ben Bernake's recent comments regarding Bonds & the U.S. Treasury.
Robert Kiyosaki Why the Rich Get Richer
2010: The Best of Times or the Worst?
by Robert Kiyosaki
“It was the best of times. It was the worst of times.”
– Charles Dickens
Is the recession over? Are happy days really here again? Paraphrasing Dickens, my answer is, “For people who are prepared, 2010 will be the best of times. For many, 2010 will be the worst of times.”
The following are a few of my predictions and reasons behind them…
Prediction #1: The real estate market will crash again.
Pictured above is a graph of mortgage resets. In simple terms, a mortgage reset is when a mortgage comes due. In normal times, refinancing was a simple process…but these are not normal times. Some points of interest:
1. In September 2008, the mortgage resets hit $35 billion that month. That was the exact time the financial crisis hit. When people could not afford to refinance and began to default, the stock market and banking industry crashed.
2. The eye of the storm: In the summer of 2009 mortgage resets were low -- around $15 billion a month. This is when optimists began to see “green shoots” in the economy. The green shoots were the eye of the storm. In 2010, as I see it, the second half of the financial hurricane hits. By late 2011, the resets climb to nearly $40 billion a month. The storm will not end until 2012.
3. The first half of the storm was primarily due to subprime defaults. The second half of the storm will hit more solid homeowners. The question is, can they weather the storm? Will Mac Mansion foreclosures be next?
4. In America, there are over 40 million people who own more than two homes. Can they afford to carry and refinance two or more mortgages?
5. Since home values have gone down, many homeowners will find they owe more than their home(s) are worth. Will the bank be kind to them?
6. The time for using your home as an ATM is over. This is crushing retailers and retail real estate. Shopping centers are in trouble. Strip malls are empyting as shopkeepers close -- permanently. This will lead to the crash of the office, warehouse, and other commercial properties.
My prediction: Obviously these are the best of times if you are a buyer of distressed properties and the worst of times if you are a seller.
Other things I am watching for in 2010:
1. Will China crash? America’s crash has hit China in the gut. The Chinese are laying off millions of workers. Only massive government bailout is keeping the economy afloat. The Chinese boom will eventually go bust…but will it bust in 2010? Only time will tell.
2. When America stopped importing from China, China stopped importing from the rest of the world. This affects Asian countries as well as Australia, Brazil, and other suppliers of raw materials.
3. Fed Chairman Ben Bernanke is replacing toxic debt with new debt. By protecting his friends in the mega-banks, he is turning the U.S. into a zombie nation. The recession is over, but America is entering an era we will be calling The New Depression, a period when the rich become extremely rich but everyone else becomes poorer. Taxes will kill anyone working for a paycheck.
4. The U.S. dollar will grow weaker. If the dollar strengthens, we will have more unemployment because our goods become too expensive and we will export less.
5. The deficit will increase. The bailouts for the rich are killing the economy.
6. Israel may attack Iran. Israel will not tolerate Iran developing nuclear power, even if Iran claims it is for peaceful purposes. If there is an attack, oil prices will go through the roof.
7. Dead cat bounce. The current stock market rally will probably turn into a dead cat bounce. If the Dow drops below 6500, 5,000 may be the next stop.
The Best of Times
I know I sound painfully pessimistic. I know my predictions are bad news for most people. Yet, for others, bad news is good news.
The following are the bright spots for people who are prepared.
Prediction #2: Gold, silver, and oil will continue to be safe investments in 2010.
The following recaps the year-end prices of gold and silver:
YEAR GOLD SILVER
2000 $ 273 $ 4.57
2001 $ 279 $ 4.57
2002 $ 348 $ 4.78
2003 $ 416 $ 5.92
2004 $ 438 $ 6.79
2005 $ 518 $ 8.80
2006 $ 638 $12.78
2007 $ 838 $14.77
2008 $ 882 $11.33
2009 $1100 (approx) $17.50 (approx)
In 2009, the Dow rose approximately 18%. Gold rose approximately 25%. Silver rose approximately 50%.
By the end of 2010, I predict gold will be at $1,775 an ounce, silver at $24 an ounce, and oil at $85 a barrel. If Israel attacks Iran, these predictions will be blown away.
Prediction #3: The next market to crash will be commercial real estate.
Cash flow positive real estate will be even more affordable. 2010 through 2012 will be a real estate buffet for those with cash and access to credit.
My Personal Investments
As I stated in 2002, “You have up to the year 2010 to become prepared.”
The following are things I have done to prepare myself:
1. I started The Rich Dad Company in 1997 because I saw this crisis coming. For the past three years, I have tightened internal controls and prepared for global expansion via a franchise distribution system. The company is debt free with strong income.
2. 2009 was my best real estate year to date. With the Fed handing out large sums of money and pension funds looking for projects to invest in, my real estate holding company has acquired tens of millions of dollars for acquisition of bankrupt properties and development projects. Development projects are affordable again, as labor, material, and land costs are low and the government is generous with 40-year, low interest, non-recourse loans. People still need a roof over their heads.
3. My oil development projects have done well. We drilled three wells and hit oil on two of them. Government tax breaks for oil exploration remain generous, even for dry holes. Even if the economy crashes, we will still burn oil.
4. I took 90% of my money out of the stock market in 2007. If the Fed raises interest rates, the stock market and real estate market will collapse.
5. I loaded up on gold and silver between 1996 and 2004.
6. With the Fed printing trillions of dollars, cash is trash and savers are losers. As soon as I have excess cash I invest in oil, real estate, gold, and silver.
7. In a zero-interest-rate environment, debtors are winners…but only if you have good debt…debt that’s paid by tenants.
In Conclusion
A few years ago, Japan was ‘King of the Financial World.’ Japan’s economy was the world’s second largest economy -- till the bubble burst in 1990. Japan’s budget went into deficit in 1993. Since then, the deficit has averaged 5.4 percent of GDP per year. As a result, Japanese government debt is now 200 percentof GDP today. The U.S. is following Japan, and China will follow the U.S.
We will not see much inflation because the Fed is not able to print enough money to replace the losses from the burst of the credit bubble. Also, factories have too much excess capacity due to lack of demand, which means prices for consumer goods will remain low and unemployment will remain high. Instead, we will see inflation in gold, silver, oil, some stocks, some real estate sectors, and food -- not because values are going up but because the dollar is going down.
Welcome to The New Depression. And may these times be the best of times for you.
source : http://finance.yahoo.com/expert/article/richricher/211091
Disclaimer
Bob Chapman on The Greek Debt Crisis
Bob Chapman on The International Forecaster of 22 May 2010 wrote "Goldman Sachs Group Inc. racked up trading profits for itself every day last quarter. Clients who followed the firm’s investment advice fared far worse. Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who adopted the New York-based firm’s advice, according to data compiled by Bloomberg from a Goldman Sachs research note sent yesterday. Clients who used the tips lost 14 percent buying the Polish zloty versus the Japanese yen, 9.4 percent buying Chinese stocks in Hong Kong and 9.8 percent trading the British pound against the New Zealand dollar. The struggles for analysts at Goldman Sachs, which is fighting a fraud lawsuit from U.S. regulators who accuse the company of misleading investors in a mortgage-linked security, show the difficulty of predicting market movements as widening budget deficits, a fragile global economic recovery and tighter financial regulations increase volatility. Stock and currency fluctuations rose to the highest in a year this month as Europe pledged about $1 trillion to stop a debt crisis in the region."
Saturday, May 22, 2010
Crude falls 20% in 20 days: Where is it headed now?
Bob Chapman Friday 5/21/2010 Economic Report on Alex JonesTv
Robert Chapman is the editor and publisher of the International Forecaster, a publication that covers business, finance, economics, and social and political issues all over the world. Mr. Chapman has spent 45 years in the finance and investment business, 28 of which were as a stockbroker, specializing in gold and silver shares. For a number of years he owned his own brokerage firm.
Mr. Chapman attended Northeastern University and spent several years in counterintelligence with the US government. He has made a number of very important predictions and is probably one of the most unpopular people in Washington, DC, as he spares no one in government who is not doing what they should be doing.
Friday, May 21, 2010
Crude Oil, Metals Suffer Meltdown Amid Investor Concern
An ugly week for commodities
May 21 (Bloomberg) -- Bloomberg's Sara Eisen reports on the performance of commodities this week. (Source: Bloomberg)Scotia's Sutton Sees Euro Falling to $1.18 in Short Term
Scotia's Sutton Sees Euro Falling to $1.18 in Short Term
May 21, 2010 — May 21 (Bloomberg) -- Camilla Sutton, director of foreign exchange at Scotia Capital Inc., talks with Bloomberg's Julie Hyman and Mark Crumpton about the outlook for the euro. Sutton also discusses the Canadian dollar and emerging markets. (Source: Bloomberg)French, German Divisions Top Concerns for Euro Stability
U.S. Stocks Rebound From Biggest Decline in a Year
Bob Chapman on Goldman Sachs proprietary trading
"Goldman Sachs is ceasing proprietary trading in one type of structured debt. A group of traders who were focused on making bets on collateralized loan obligations with the New York-based firm’s own money are now handling trades for clients.
Morgan Stanley Chief Executive Officer James Gorman denied allegations the U.S. bank misled investors about mortgage derivatives it sold them. The firm is being probed by U.S. prosecutors over whether the bank misled clients when it sold them collateralized debt obligations as its own traders bet that the value of the securities would drop. Wall Street firms are facing unprecedented scrutiny from lawmakers and prosecutors over whether they mis-sold CDOs linked to the subprime mortgages that caused the credit crisis.
The fallout from the European debt crisis raises the risk of a ‘double dip’ recession for the global economy, said Stephen Roach, chairman of Morgan Stanley Asia Ltd. ‘When you have a vulnerable post-crisis economic recovery and crises reverberating in the aftermath of that, you have some very serious risks to the global business cycle,’ Roach said. This concept of the global double dip which no one wants to talk about is alive and well." extract from the International forecaster of 19 May 2010
Oil Leak The Greatest environmental catastrophe in the history of the United States
Oil Leak Estimate Dead Wrong; View Live Feed
A live video feed that shows the oil gushing from the blown-out well in the Gulf of Mexico is now available online. Congressman Ed Markey of Massachusetts pushed BP to make the video available to the public. Live video feed available to public oil spill gulf of mexico congressman ed Markey Massachusetts BP dispersants epa florida keys gulf stream Louisiana Alabama
Thursday, May 20, 2010
Stocks Plunge on Europe, S&P 500 Loses Most in 13 Months
Buy gold on dips for long-term: Kotak
Crude Oil Tumbles Below $65 as Equities Slump
Would you sell you Gold jewelry Now ?
Euro-Dollar Parity Wont Happen This Year says Adrian Foster
Copper Demand Strong in Asia
BP Talks Oil Spill Containment
JPMorgan Schweizter Discuss Outlook for Global Stocks
U.S. Stocks Decline on German Trading Restrictions
Bob Chapman -John Stadtmiller - Robby Noel, Roundtable - May 18 2010
Highlights...
Germany banned short selling, California might go the way of Greece and Spain. Bob mentions that Silver could go to $50 if Gold goes to $2400.
John plays a audio clip of Zbigniew Brzezinski in Montreal who says a global awakening of the people is feared by the elite.
Robby tells John about the Meltup video. Robby goes on to mention that the video says silver could go to $72. Robby could not find any fault with the video. (Meltup is available on Concen, as well as Youtube).
At 48:00 John plays a interesting clip from Michael Savage's program, the caller is a real clueless woman (this alone needs its own torrent!).
A caller asks Bob if he knew Myron Fagan who made the Illuminati recordings. John mentions the recordings helped wake him up to what was going on.
There could be a investigation of Glen Beck and Goldline. Much much more......
John hosts a weekly Financial Roundtable with Robby Noel and Bob Chapman. John is on the RBN network with his own show called The National Intel Report and runs the network as well. Some say this is the best two hours in radio.
______________________________________________
John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
RBN has some of the best informative shows out there. Their archives are only $1.33 per month. I suggest supporting them and then you don't have to wait for their shows to be uploaded here.
Wednesday, May 19, 2010
Eurozone systemic risk may push gold higher: Citi
Tuesday, May 18, 2010
Gold rush in China is pushing the Gold price to all times high
Chinese love GOLD
May 18, 2010 — China is now the number one consumer of Gold , and it is not just consumers , the central bank of china is quietly building up its reserves moving away from Euros and Dollars into hard assets like Gold ...and to meet this demand for gold China is opening new mines every month to the point that China now eclipsed south africa as the gold's first producer , Smart Chinese buying gold and dumping FIAT at rapid rates....
I guess they see currencies are only headed one way...DOWN!
Charts: Euro to Fall Toward $1.15
OPEC Will Defend Oil at Mid-$60s
Gold Second Wave Upwards
Bob Chapman : Germany is headed to Riots
The Morality Of The Financial Monetary System Is Really What is Broken
The Obama-Dodd-Frank Frankenstein Fed Big Bankster Bailout Bill, schemes and frauds went on for too long, bring back the Glass-Stegall Act, Vampire squids run the economy, alternatives to the financial establishment are threatened with regulations, reform bills are toothless...
What do you get when you cross a Dumbo with a Jackass? Answer: You get a dumb-ass, overweight US politician with a sterile mind who executes every order that comes from our Shadow Government like some sort of mindless automaton. In fact, we no longer have even a bogus two-party system with Dumbos and Jackasses. We note that there was never a dime's bit of difference between the two parties in any case (ask Herbert Hoover), but that is even more true today than it was during Hoover's administration, as the one world agenda, which both parties subscribe to, moves forward with lighting speed. Since we really only have one party now, we thought that we should take this opportunity to dub it the "Dumb-ass" party, seeing as how this party is now hell-bent on destroying our country, and themselves with it. If we are now starting to sound like the Mogambo Guru, so be it.
Case in Point: The Obama-Dodd-Frank Frankenstein Fed Big Bankster Bailout Bill (hereinafter referred to as the ODFFFBBBB). We thought that we would give credit for this toxic legislation to the three people most involved in sponsoring this bill who also happen to be three of the highest paid politicians in terms of their bankster-gangster campaign contributions. So we have Obama," Dodd, the whipping boy, gopher and yes-man for Wall Street who has never seen a bill that favored big bankster-gansters that he didn't like, and Frank, who compete's with Dodd for the post of top Wall Street whipping boy. What a motley crew (with no offense intended to the heavy metal band "Motley Crue," who are paragons of virtue compared to this group of miscreants).read more >>>
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
Monday, May 17, 2010
Gold to Hit $2,000?
Gold Bull vs. Bear
Robert Shiller on U.S. Stocks, Investment Trends
BREAKING NEWS : Oil Refinery Fire In Houston
Oil Refinery Fire In Houston
May 17, 2010 CNNGold May Rise for Several Decades says Robert Cohen, manager of Goodman
Bob Chapman : The Algorithm Trading is front running the SEC protects the big businesses at the expenses of the small ones
Bob Chapman on Goldseek radio 15 May 2010
The Algorithm Trading is front running and it is illegal , number too naked shorting is illegal and they do nothing about it...the SEC protects the big businesses at the expenses of the small ones
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
The Dollar vs The Gold
Get Rid of Credit Cards With a Civil War Cannon
Using Cash to Invest in Real Estate
Euro at 4-year low: Where is it headed now?
Sunday, May 16, 2010
David Icke interviewed in Westminster during the UK Election
The Love Police Synchros interview David Icke in London
May 14, 2010 — London is a small place. Of course we were going to bump into him sometime. =)
the interview that was conducted by Charlie Veitch
Saturday, May 15, 2010
Michael Tsarion at the ARC Convention
Bob Chapman Gold going to $7500 an ounce by the end of the next year
Bob Chapman On The Alex Jones 14 May 2010
May 15, 2010 — Friday guest Bob Chapman, a former stockbroker who has written numerous article on business, finance, economics, politics, and publishes The International Forecaster. Extract from the International Forecaster of 15 May 2010 :
"GOLD, SILVER, PLATINUM AND PALLADIUM
Gold open interest rose 6,636 contracts to 583,954. We should reach $1,300 over the next several days. The gold and silver Comex and share shorts are getting buried, and that is going to continue. Gold is now recognized as a currency again. What is paramount is that the US government’s suppression of the gold and silver markets is coming to an end. Secondly, the world, except for perhaps 10% of its inhabitants, are not in gold and they all are potential buyers. The XAU rose 1.81 to 186.08 and the HUI rose 3.39 to 491.76. "
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
Friday, May 14, 2010
Watch out for GLD pretending to be GOLD
GLD vs GOLD
May 14, 2010 — Watch out for that GLD, it isn't really GOLD.
Read the prospectus on the ETF, I believe they hold 10%...I am not sure I even trust that as an accurate number.
Physical is the only way to protect yourself form the Banksters Paper Games.
Yes, it is a game of musical chairs...
Paper gold is NOT physical gold!
If it isn't in your hands, then you don't own it.