news.goldseek.com >> 9 May 2012
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news.goldseek.com >> 9 May 2012 |
International Forecaster May 2012 (#3) - Gold, Silver, Economy + More
By: Bob Chapman
Consumer credit in the US rose in March by the most in over ten years by $21.4 billion from 2001’s $2.54 trillion total. The rate on student loans is set to double on January 1st, if Congress refuses to act – that would cause each loan to increase in payout by $1,000 per year. First quarter GM sales rose 2.7% aided by easy credit terms.
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news.goldseek.com >> 6 May 2012 |
International Forecaster May 2012 (#2) - Gold, Silver, Economy + More
By: Bob Chapman
It’s no April Fool’s joke — last month CNN delivered its lowest-rated month in total day in over a decade, since August 2001, the month before the September 11 attacks. The once-dominant cable news network posted decade-lows among both total viewers (357,000) and Adults 25-54 (108,000). Versus April last year, CNN was down 21% in total viewers and 29% in 25-54. In comparison, leader Fox News Channel was up 2% in total viewers (1.1 million) and 1% in 25-54 (273,000) and No.2 MSNBC was flat in total viewers (425,000) and down 5% in 25-54 (139,000).
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news.goldseek.com >> 2 May 2012 |
International Forecaster May 2012 (#1) - Gold, Silver, Economy + More
By: Bob Chapman
Real estate investors competing to buy Manhattan apartment buildings have sent prices to record highs as rental demand surges, reducing yields on the properties to the lowest in more than six years. The capitalization rate, a measure of investment return that declines as prices rise, averaged 4.4% for Manhattan multifamily buildings in first three months of this year…
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news.goldseek.com >> 25 April 2012 |
International Forecaster April 2012 (#7) - Gold, Silver, Economy + More
By: Bob Chapman
Zero interest rates certainly limits what the elitists can do in that end of the market. It is becoming more and more evident that the Fed is not making the final decisions, they are being made by JPM and Goldman Sachs, as we touched on negative rates not all that long ago. The Fed was forced into the market. We fear that negative rates are on the way unless the Fed wants to buy all the Treasury issuance, not just 61%, which they admit too. This really would force all bonds higher and yields lower. Of course, there is always the possibility of the issue of floating rate bonds. Those bonds would tend to give higher yields overall.
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news.goldseek.com >> 22 April 2012 |
International Forecaster April 2012 (#6) - Gold, Silver, Economy + More
By: Bob Chapman
For a company whose corporate motto is "Don't Be Evil," Google Inc. certainly has found itself at the receiving end of its share of lawsuits, claims and controversies. Still, even by Google's standards this past week has been a difficult one.
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news.goldseek.com >> 18 April 2012 |
International Forecaster April 2012 (#5) - Gold, Silver, Economy + More
By: Bob Chapman
Deception continues, as we are told unemployment (U-3) is 8.3%; without a mention that (U-6) is 14.9%. That means if you eliminate the birth/death ratio you come up with an overall unemployment number of 22.4%. As we mentioned earlier we expect the administration to try to attempt to push U-3 down to 7.5% before the election. Whether they will be successful in that endeavor remains to be seen. In reality almost 1/5th of working Americans are either unemployed or underemployed.
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news.goldseek.com >> 15 April 2012 |
International Forecaster April 2012 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
“War is a racket. It always has been.” These words are as true now as they were when Major General Smedley Butler first delivered them in a series of speeches in the 1930s. And he should have known. As one of the most decorated and celebrated marines in the history of the Corps, Butler drew on his own experiences around the globe to rail against the business interests that use the U.S. military as muscle men to protect their racket from perceived threats.
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news.goldseek.com >> 11 April 2012 |
International Forecaster April 2012 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Since 2000 the Fed has entrapped itself in perpetual issuance of money and credit and now the ECB has done the same thing. Once begun there is no going back. It either works or the system collapses. It is our opinion that the ECB is out of control and this is only the beginning. If the $1.4 trillion the ECB dispensed isn’t enough and it won’t be, then we will have lots more currency swaps in the future and that means higher inflation.
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news.goldseek.com >> 8 April 2012 |
International Forecaster April 2012 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We've all heard the old adage about adding insult to injury but the IMF has turned it into an art form. The new IMF Director, Christine Lagarde, came to Washington this week begging for yet more billions so the fund can continue propping up insolvent European banks and wrapping developing countries around the globe in debt chains. Lagarde is on a political junket with the aim of raising an additional $500 billion for the IMF, money that will be used for future Eurozone bailouts and other financial crises, or so they say.
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news.goldseek.com >> 4 April 2012 |
International Forecaster April 2012 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
How do you create your own monsters? Over the past month the US and Europe have been telling us they will agree to release oil reserves into the market to drive down prices. What are they waiting for? It is expected there could be serious supply disruption, but yet no action. Incidentally, in all the media we see no admission or comment that those nations’ actions were responsible for oil prices at $107.00 a barrel.
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news.goldseek.com >> 1 April 2012 |
International Forecaster March 2012 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We lie, you swear to it. That up until now has been the creed of elitist Wall Street. That may be changing to it is every man for himself. We, after months of MF Global lies, have now been told that during the last days of MF, its CEO Jon Corzine, was in direct contact with JP Morgan Chase and arranged the transfer of funds from MF to JPM. This is contrary to what he told Congress and the world. Could it be that the wall of silence on Wall Street is about to be broken?
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news.goldseek.com >> 28 March 2012 |
International Forecaster March 2012 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Seven months after the official announcement on 9/21/11 of “Operation Twist” not much progress has been made at the long end of the market to reduce yields. The yield on the 10-year T-note has gone from 1.88% to 2.3% and the 30-year bond went from 3.03% to 3.41%. The episode has been marred by hedge fund and sovereign selling, which has left the short end a little higher, but the long end much higher. The question now is how much did this cost the Fed for such disappointing results? Or in fact was this really their objective?
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news.goldseek.com >> 21 March 2012 |
International Forecaster March 2012 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We have been in and around the gold markets for 53 years and conditions have certainly changed, driven mainly by market manipulation of all markets as a result of the Executive Order, which created the “President’s Working Group on Financial Markets.” Those who doubt that are either on the government payroll one way or the other, or you are just too dumb to understand what is really going on. In spite of these machinations and ignorant naysayers the bull markets in gold and silver are still alive and well.
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news.goldseek.com >> 18 March 2012 |
International Forecaster March 2012 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
A report by the London-based Lombard Street Research, which says the Netherlands is badly handicapped by euro membership, and as a result the Dutch Freedom Party has called for a return to the Guilder. Leader Geert Wilders has become the first political movement in the euro zone with a large popular base to opt for withdrawal from the single currency. The Freedom Party is a conservative populist party. We do not read Dutch, but the very fact that this information was only picked up by a few sources outside of the Netherlands shows you what managed news is all about.
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news.goldseek.com >> 14 March 2012 |
International Forecaster March 2012 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
It isn’t over until it is over. Of course, we are referring to Europe and its version of 1984. We find it profound that the bankers, politicians and bureaucrats of Europe can do what they have done with a straight face. Investor had a haircut shoved down their throats and the ECB, the European Central Bank and the IMF were exempt. How does that work? That is because some are more equal than others.
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news.goldseek.com >> 11 March 2012 |
International Forecaster March 2012 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The government is preparing to package and sell foreclosed homes. We do not know what discount to the current market there will be but you can guess it will be 20% or more. This event will cause home prices to trend lower dependent on whether the houses are put up for sale or rented. These homes will only be available to big buyers such as hedge funds and others with enormous amounts of capital. It is expected that the homes will be sold in lots of 5,000 to 10,000 and the minimum bid would be $1 billion. This is corporatist fascists busy at work.
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news.goldseek.com >> 7 March 2012 |
International Forecaster March 2012 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Lurking behind the scenes, as always are the degenerate bankers who want to grab as much as they can. It is not only Greece, but also the five to follow, that will have to be supported indefinitely, or be allowed as well to fail. Not to be slighted are the UK and US banks that hold large positions, in Greek and other European sovereign debt. Incidentally, those owning CDS, Credit Default Swaps, had best forget collecting on your insurance, because the NYC banks have no intention of paying off, nor do they have the funds to do so. Corruption reigns and confidence is non-existent. It is only a matter of when before the bottom comes out.
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news.goldseek.com >> 4 March 2012 |
International Forecaster March 2012 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
There are those who believe that Greece’s problems are but a precursor to what most of the world will eventually experience. We believe such predictions are correct and cannot be avoided – perhaps the last four years were just a warm up for the future. Greece, like many other countries, keeps borrowing and their revenues cannot keep up with interest service never mind principal repayments. Those in the euro zone do not have the luxury of being able to increase money and credit such as the Fed, BoJ, BoE and the ECB. They, those in the euro zone are trapped.
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news.goldseek.com >> 29 February 2012 |
International Forecaster February 2012 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The aspirations of the EU and euro zone took a hard hit in 2008 from which it has yet to recover. Its weaknesses were exposed as they were in the 1990s in the formation of a euro zone. As always few would listen to the negatives. Now Europe is entrapped in a terrible situation and the only way out is to abandon the euro and return to their original currencies.
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news.goldseek.com >> 26 February 2012 |
International Forecaster February 2012 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The seven-week sanctions against Iran oil sales and the use of the banking system and the Swift Code facilities by US, UK and European governments has as yet not been effective. Negotiations are in process with six EU nations to adopt oil contracts for up to five years. Future oil must be paid for immediately. Four of those members can barely pay for oil now. The embargo as you can see is ridiculous. Even if alternative services are found how will they pay for all of it? This has to be one of the most ill thought out schemes ever.
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news.goldseek.com >> 22 February 2012 |
International Forecaster February 2012 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
One of the things we learned in almost 30 years in the brokerage business is that self-regulation does not work. The players are simply too abusive, greedy and prove to take the regulations to the very edge. We saw that at MF global. All markets are rigged today. Twenty-five years ago perhaps 80% were rigged. The SEC and CFTC are well aware of this and in many cases aid and abet in the crimes. The crimes are too many to mention, but among the leading problems are complicity in front running and naked shorting. There is no such thing as an efficient market hypothesis. Just another phase to led you off into the forest.
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news.goldseek.com >> 20 February 2012 |
International Forecaster February 2012 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Several years ago free trade, globalization, offshoring and outsourcing were discussed in the major media. As time wore on the issues disappeared and now it is not easy to find discussions of these policies virtually anywhere as the drain of jobs and companies leave the third world. Not only have the better paying jobs been leaving, but the destruction of economic independence and sovereignty has been a victim as well, something few professionals, never mind the public, thinks about. If America is to ever have an economic recovery there will have to be trade legislation with tariffs on goods and services.
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news.goldseek.com >> 15 February 2012 |
International Forecaster February 2012 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
By decree, by the privately owned Federal Reserve, zero interest rates are here to stay. You do not get to borrow at those rates, only the member banks do. In the latest currency swap (loan) from the Fed to the ECB, European Central Bank, as we noted in previous issues over the last two months, that Europe has been forced to join the Anglo-American system. The system of zero interest rates and the continual creation of money and credit. Due to the Fed’s ability to create endless supplies of money and credit it eventually took over the control of ECB and European monetary policy.
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news.goldseek.com >> 12 February 2012 |
International Forecaster February 2012 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
2012 is going to be a difficult year, but not as dreadful as anticipated. The neutralization process, as usual, we covered over by the availability of money and credit. We have already seen that via Fed $1 trillion loans to the ECB and the admission by the Fed that QE 3 is on the way. In Europe banks have borrowed $3.2 trillion and they find they will need $1 trillion more. These borrowings are more than troubling and indicate that there are 523 banks in Europe in serious trouble.
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news.goldseek.com >> 5 February 2012 |
International Forecaster February 2012 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The creation of the euro zone may have given participants one currency, but it created other problems as well. One interest rate was supposed to fit all. Those sovereigns on the financial periphery of the 17 nations found low interest rates too good to be true. As a result, the borrowed funds they shouldn’t have borrowed to finance current debt, was thrown off by the economy.
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news.goldseek.com >> 1 February 2012 |
International Forecaster February 2012 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
On Friday from the Bilderberg conclave at Davos, appointed European Central Bank President, Mario Draghi proclaimed that Europe had averted financial disaster and cited the improvement in euro zone markets in recent weeks. He said it was the ECB’s duty to guard against deflation as well as inflation. The fact of the matter is that he and his friends at the Fed arranged a currency swap of $1 trillion of which the ECB dispersed $660 billion to 523 EU banks, at 1% interest for three years.
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news.goldseek.com >> 29 January 2012 |
International Forecaster January 2012 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We are trying to figure out the best way to describe the banking and oil sanctions against Iran, which are blatant acts of war. Just look back in history at similar situations and you will see what we are referring too. It is simple incompetence or is the allied plan a false flag feint in order to distract attention away from debt problems?
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news.goldseek.com >> 25 January 2012 |
International Forecaster January 2012 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We announced our belief a few weeks ago that the Fed loan to the ECB could with fractional banking be $10 trillion. This past week we found that Credit Suisse shares our ideas as well. We believe that what this move by the Fed and the ECB is telling us that this is probably it. We also ask again how can the banks in the LTRP repay the funds in a timely manner? No plan has been presented before or since, there is no plan. Again, just throw money at the problem.
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news.goldseek.com >> 22 January 2012 |
International Forecaster January 2012 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
If the entire financial system does not come down upon our heads and if we do not have another war, global growth is going nowhere in the year’s ahead. We had a mini-recovery, but it cost $1.8 trillion. We had a second recovery and that cost $1.5 trillion. We are entering a third of what is becoming yearly recoveries that will probably cost $1.3 trillion. In other worlds without these massive injections of money and credit we would probably be in a deflationary depression.
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news.goldseek.com >> 18 January 2012 |
International Forecaster January 2012 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The experts are trying to tell us the system will be saved. If Greece defaults and leaves the euro it is the beginning of the end for the euro and perhaps the EU. Everyone is sitting on each others losses. As we explained years ago the world’s power elite have been on a fools errand for many years. Looting the world and controlling it wasn’t enough enslaving it was something they just had to do. As a result they are bringing their own system down with the hope of ultimate total control. The problem for them is that today too many people know what they are up too, worldwide, and in the end no matter what the outcome they will lose.
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news.goldseek.com >> 16 January 2012 |
International Forecaster January 2012 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Europe continues to predominate the news. At a Monday meeting French President Nicolas Sarkozy won the backing of German Chancellor Angela Merkel on a tax on financial transactions. Britain says it won’t work unless it is applied worldwide. Britain is correct, but is the UK begging the point. Could Britain have wanted the tax from the beginning, as long as it was global? Of course they would, it is a method of taxing investors, for governments along with the IMF, UN and World Bank, which is what these people have been up to for years. We believe a game is being played here to tax financial transactions to fund anything the elitists’ want. We question the geniusness of England as an honest player.
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news.goldseek.com >> 11 January 2012 |
International Forecaster January 2012 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The hand of the US elitists shows more each day in the decisions being made in Europe. Mario Draghi, ex-Goldman Sachs, Trilateralist and Bilderberg, is putting everything in place just the way the US elitists want. We are about to see full scale quantitative easing. One trillion in loans times fractional lending of 3 to 9 to whatever will give Europe the funds it needs indefinitely. Europe is going to be a rerun of what we have seen in the UK and US. In behalf of German voters who are 65% against such funding, Chancellor Merkel has refused to allow issuance of Eurobonds or an expansion of the EFSF.
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news.goldseek.com >> 8 January 2012 |
International Forecaster January 2012 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Irrespective of the trillions of dollars thrown at the US economy since 2006 there is no evidence that long-term solvency or recovery has been achieved. The debt that has been added and created means we’ll see higher inflation and perhaps hyperinflation. Comments by administration officials last week that if necessary the dollar will be crushed, are hardly comforting. Remember, just a week before Fed Chairman Bernanke said to Congressmen that the Fed was not going to lend Europe money to bail their members out and one week later we have a $1 trillion swap, loan program to bail Europe out.
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news.goldseek.com >> 4 January 2012 |
International Forecaster January 2012 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
It is now obvious to alert observers that the ECR’s new long-term refinancing program, LTRO, is an end-run quantitative easing program. The bankers and politicians would not dare call it what it really is. Who would not want 3-year loans at 1%? Then there is Target 2, where the Bundesbank has secretly but legally, lent the ECB $640 billion. That money will be shared as a bailout for the six euro zone nations, which are on the edge of bankruptcy.
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news.goldseek.com >> 2 January 2012 |
International Forecaster December 2011 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Public institutions worldwide are fighting ratings downgrades foremost of which is France, the US and, of course, sovereigns and banks worldwide. Miracles of miracles finally the rating agencies are doing their jobs. The caper they pulled in collusion with Wall Street in rating mortgage securities should have put them all in jail for life. We’ll call these efforts makeup time for their previous sins, which they never were prosecuted for.
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news.goldseek.com >> 28 December 2011 |
International Forecaster December 2011 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The game goes on, as German leadership tells us the euro is stable, even as it hits yearly lows. We are told the problem is a crisis in several member states. That may be true, but they all are inseparable. The reassurance from politicians and bankers to calm the market place is beginning to fall on deaf ears. No matter what the cause of the debt crisis it exists and leadership as yet cannot find a solution. Even short-term solutions, such as the use of the EFSF are not going to work. All they will do is gain time.
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news.goldseek.com >> 21 December 2011 |
International Forecaster December 2011 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Debt repayment is a subject few want to discuss, or that few understand. We know most of the largest banks in the world are broke along with at least 6-euro zone nations. There are many others, but the most concerning are the debts of major nations, which are supposedly solvent. Needless to say the US is deeply indebted and the Super-Congress Enabling Committee couldn’t even lay politics aside to cut spending increases.
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news.goldseek.com >> 18 December 2011 |
International Forecaster December 2011 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The Fed’s third quarter audit data shows a total system debt of 355% and of GDP, in spite of so-called de-leveraging. It is down from the second quarter’s 375% of GDP, but up from 264% a dozen years ago. Financial sector borrowing fell almost 50% in the quarter but non-financial debt increased while financial debt fell – a push so to speak. Unfortunately most of the debt growth emanated from Washington. That growth was $557 billion, of at a 14.1% annualized rate. Of course, what the federal government is doing is the antithesis of what they should be doing. Will these borrowings and debt continue, of course they will.
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news.goldseek.com >> 14 December 2011 |
International Forecaster December 2011 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
After watching Europe’s performance last week the only thing they really were after was an ESM, European Stabilization Mechanism, to tie down all EU nations to a tighter regional set up. As it turns out England and others did not agree. Britain obviously does not want to become part of a new treaty that deprives them of their sovereignty. This regional government concept appeared in the early 1960s and is now going to be pushed in Europe with the US to follow. Our question, is England just trying to protect the advantages of the “City of London,” or is the disagreement deeper than that?
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news.goldseek.com >> 11 December 2011 |
International Forecaster December 2011 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As we reach back into modern European history we see the unnatural amalgamation of 27-European countries, all of which are socially and culturally different. From our point of view the union was doomed from its inception. We lived for years in central Europe, spoke their languages and had a powerful outsider’s view of their cultures. Europe’s inhabitants generally were convinced that the union would prevent future wars and bring peace to Europe. Unfortunately, all they did was trade Perfidious Albion, Hitler and Mussolini for the Trilateral Commission, Bilderbergs and Goldman Sachs and JPMorgan Chase.
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news.goldseek.com >> 7 December 2011 |
International Forecaster December 2011 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Even the middle of the road journalists are beginning to question Europe’s elected and appointed leadership. This past Monday the plan for the euro zone was laid out for a final capitulation to world government. The financial crisis has been handled from behind the scenes by the Fed, so that Germany’s Chancellor Merkel and France’s President can concentrate on more important matters, namely the final federalization of the euro zone to be followed by the entrapment of the remainder of the European Union.
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news.goldseek.com >> 5 December 2011 |
International Forecaster December 2011 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Do we need central banks at all? It’s a good question. We have had the Federal Reserve since 1913 and their management has been a disaster for Americans and a wealth builder for its owners, the Wall Street banks. It has also allowed the financial sector to control our country. It is the seat of elitist power. The Fed has debauched the US dollar via their monopoly and enriched their owners beyond belief. Any entity that has to resort to the subterfuge of using a cloaking term, such as quantitative easing has to be a scam.
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news.goldseek.com >> 30 November 2011 |
International Forecaster November 2011 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
High interest rate contagion has spread to bonds of Germany, Finland, the Netherlands and France. Short-term financing has dried up. That means another credit crunch is on the way. In Britain interbank loan volume is off 25%. As a result the ECB will increase bond purchases by $110 billion a month. Of course, this is illegal under Article 123 of the EU Treaty, but who cares. Rules were made to be broken.
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news.goldseek.com >> 27 November 2011 |
International Forecaster November 2011 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
In Europe each time a new player is presented we find he is a Goldman Sachs’ alumnus. Recent entries are Mario Monti “appointed” PM of Italy, Lucas Papademas “appointed” PM of Greece and Mario Dragahi “appointed” President of the European Central Bank. The banks blatantly control governments and agencies presenting us with an oligarchy, which controls most of the nations on the planet. In America politicians are bought and paid for. In Europe there is a different mind set, a shared worldview of bureaucrats, technocrats, politicians and the elite bankers of world government and domination.
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news.goldseek.com >> 23 November 2011 |
International Forecaster November 2011 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We continue to write about Europe, because we have too. At the moment and for at least the next several months, it will be the lynchpin and the catalyst that could bring about a financial chain reaction worldwide. In turn Europe poses the biggest risk to the US economy. European direction has changed over the past few weeks to cut loose the six problem nations and any others who cannot stand on their own and reform a core euro zone. Presently Europe is nowhere close to ending its sovereign debt crisis.
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news.goldseek.com >> 21 November 2011 |
International Forecaster November 2011 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
German Chancellor Merkel keeps moving the field of play away from the European Central Bank, and to the people of the euro zone. That is so she can get legislation to remove the sovereignty of EU members. The pitch is, if the new EU is to work all fiscal decisions that will have to be determined in unison by bureaucratic technocrats, all of whom want world government.
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news.goldseek.com >> 16 November 2011 |
International Forecaster November 2011 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
It wasn’t all that long ago that industry estimates were that the issuance of credit default swaps in Europe, CDS, were about $18 billion. At the same time on the street it was estimated that the exposure was $75 billion. We estimate $150 billion - this represented insurance on the holders of bonds issued by Greece, Portugal, Ireland, Spain and Italy. The Bank for International Settlements says that figure is now $518 billion. As we have noted before the big problem is counterparty risk. When CDS, credit default swaps, are triggered to default will the counterparties pay up? Even if writers are buying from one another someone has to get caught holding the bag and loose money. That is where the risk comes in.
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news.goldseek.com >> 14 November 2011 |
International Forecaster November 2011 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As Chancellor Merkel and PM Sarkozy search for a solution that doesn’t exist they continue to lose credibility. Nothing of substance has been agreed upon that is legal and can be implemented. At the IMF Christina LeGarde is frantically waving her arms like a cheerleader telling anyone that will listen that if the six sovereigns in financial trouble are not aided the euro will fail and peace in Europe will disappear. The elitists are frantic because they cannot find a solution. LeGarde says without help there will be ten years of depression. She obviously hasn’t done her homework. Try 30 or more years.
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news.goldseek.com >> 9 November 2011 |
International Forecaster November 2011 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We have been in or associated with gold and silver related assets and commodities for well over 50 years and we find we are not convinced that the failure of MF Global was just that, a failure. John Corzine’s background makes us wonder if something else may have been afoot. He had been a former CO-chief operating officer of Goldman Sachs, a high-level, political operator and a Senator and governor from New Jersey. From our viewpoint this is cause for questioning.
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news.goldseek.com >> 6 November 2011 |
International Forecaster November 2011 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
t believe the European debt crisis is solved, but not so fast. In spite of being told by the German federal court that leverage could not be applied to bailout loans, but they approved leverage anyway. The court says they will redefine their position by the end of the year. Thus, there is no deal until the court says there is one and constitutionally it’s legal. The Bundestag must believe the court will change its mind. Now we will just have to see what transpires. In the meantime Mr. Juncker of the European Union said there would be concessions for financial aid. As a result of those disclosures early last Monday the “President’s Working Group on Financial Markets” was busy at work trying to keep the stock market indexes from crashing and viciously attacking gold and silver overnight. What else would one expect in a rigged market?
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news.goldseek.com >> 2 November 2011 |
International Forecaster November 2011 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Those who believe the European crisis is over are mistaken. The dislocation will continue as their economies slow and political, social and economic events converge into further crisis. The most glaring problem is the banks only taking a 50% loss on Greek bonds. The loss should have been 75% or even 80%. There is absolutely no way Greece can overcome that burden in a slowing European economy and an enraged population. They are still striking and demonstrating and they will continue even under a new government.
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news.goldseek.com >> 30 October 2011 |
International Forecaster October 2011 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
It is now clear to the most casual observer that the world’s monetary and financial system cannot function without massive amounts of additional money and credit. That means the system no longer functions the way it should. Europe really doesn’t know what to do and neither does the Fed and the Bank of England. The exception is throwing more money at the problem and keeping interest rates near zero indefinitely.
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news.goldseek.com >> 26 October 2011 |
International Forecaster October 2011 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We address this European issue, because soon it will debut in the US. The comprehensive policy response, which we have been told existed, really doesn’t exist. We found that out last Friday. All the lies of the past two weeks by various European governments and bureaucrats, as well as Mr. Sarkozy and Mrs. Merkel, were just more delaying tactics to attempt to find a solution to Europe’s financial dilemma. As part of this display of smoke and mirrors, these hopeful signs, generated large gains in US and European stock markets, of course, with the assistance of the “President’s Working Group on Financial Markets.” At the same time as usual gold, silver and commodities markets were attacked viciously. This is how markets and economies are manipulated when in control of our corporatist fascist government.
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news.goldseek.com >> 23 October 2011 |
International Forecaster October 2011 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
After three years banks are still working on a mortgage plan as 22.5% of existing mortgages remain underwater. Banks are sitting on $700 billion of home equity loans and seconds at original values, not market value. This refusal needless to say totally distorts their balance sheets.
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news.goldseek.com >> 19 October 2011 |
International Forecaster October 2011 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
It could then be that this is the top of the stock market, which is fundamentally very overpriced. The latest rallies are the result of statements by French President Sarkozy and German chancellor Mrs. Merkel that a financial solution is at hand for Europe. This announcement named the end of the month as the date for release of this information. Thus far there has been no further comment. This was the justification for a very strong rally. In the wings there are large short and put positions, which tell us that there is a body of speculators that believe the fundaments are not in place, nor was the recent rally justified.
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news.goldseek.com >> 16 October 2011 |
International Forecaster October 2011 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The big question is will Greece succumb to insolvency in November? Our answer is probably not. It should take 3 to 6 months but it is coming no matter how much money and credit is thrown at the problem. The markets on the short-term basis believe it is a coin toss. If the funds are not forthcoming you could see a 60-80 percent haircut on bond losses. If it is 3 to 6 months it will probably be 100%. Many in Europe believe the Merkel-Sarkozy team has a plan that will work, but as yet we do not know what that plan is. In spite of that the euro this past week rallied from $1.32 to $1.38 as the US dollar fell lower.
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news.goldseek.com >> 12 October 2011 |
International Forecaster October 2011 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The investment world hasn’t been too excited about “operation twist.” After its announcement the S&P fell more than 14% and worldwide stocks fell some 23%. Commodities were smashed, and silver fell 28% and gold 12%. During this process short dated yields on Treasuries fell close to zero and maintained, as long-term yields fell. That means granny and grandpa will have less to live on and pensions won’t attain 7.5% return to reach their retirement goals. The result is a Dow yielding 2.8% and S&P 2.2%, while the 10-year T-note yields 1.9%. It is not surprising that fund and money managers are reaching for high yield quality stocks. This they believe will provide yield and safety, while waiting for the next Fed innovation. A situation such as this has not existed for 53 years since I left counter-intelligence.
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news.goldseek.com >> 10 October 2011 |
International Forecaster October 2011 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The Bundestag committed $590 billion to the EFSF of which Germany will provide $283 billion or almost half to resurrect euro zone economies. What did come from all parties is that they will refuse to commit one more pfennig to bailing out the six wayward countries. They opposed any effort to leverage the allocated total, there would be no Eurobonds, and they voiced opposition as being implacably opposed to moving decisions on monetary and fiscal policy out of the hands of sovereign states. There should be no expansion of policy to the EFSF under any circumstances. The next question will be how long will the funds last? Probably six months to a year and then the problem starts all over again.
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news.goldseek.com >> 5 October 2011 |
International Forecaster October 2011 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Again, as much as your government manipulates markets, the only safe place to be is in gold and silver coins, bullion and shares and if you are not you will probably lose almost all the wealth you have, as did owners of wealth in 1933. The US government has given you a golden opportunity to again buy at bargain basement prices. Gold is off about $300 from just three weeks ago. Take advantage of it now, because it is going to go right back up again.
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news.goldseek.com >> 2 October 2011 |
International Forecaster October 2011 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Germany’s finance minister, Wolfgang Schäuble says there is no secret plan to leverage the EU’s bailout plan from $595 billion to $2.7 trillion. This increase, illegal in Germany, would cause a downgrade in the sovereign debt rating of the solvent states. If there is a secret master plan put together with the help of the Fed, it will destroy Germany’s constitution and democracy. Social Democrats denounced the back-room dealing and the secrecy. The real implications of such a deal is to put Germany’s domestic finances under the control of the EFSF and eventually the European Monetary Union, the EMU. German citizens are being taken to the cleaners, they do not know about these back-room deals. It could lead, once exposed, to a referendum and a new constitution, which would destroy Germany’s democracy in order to form government by bureaucrats, who would prepare the EU for the new world order.
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news.goldseek.com >> 28 September 2011 |
International Forecaster September 2011 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The takedown of gold and silver markets over the past two weeks signified a new milestone in corruption, brazenness, arrogance and it reveals the level of evil control behind our government. This past week, in just one week, saw gold fall almost $200 and silver about $10.00. We have been involved in gold and silver for 53 years and the only event that comes close to this was October 19, 1987, when we witnessed the Bank of England sell down gold $100.00 under the orders of the Fed and the US Treasury, which borrowed the gold from the IMF. That was illegal, but that means little to the Illuminists who do as they please. Today thanks to Ronald Reagan we have the “President’s Working Group on Financial Markets,” which has legitimatized corruption to conform to the Keynesian model of corporatist fascism.
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news.goldseek.com >> 26 September 2011 |
International Forecaster September 2011 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The spot gold price fell $101.70 to $1,637.50, as December fell $80.70 to $1,661.00. The spot silver price fell $6.49 to $30.05, as December fell $5.37 to $31.20. That is what the CME and COMEX call an orderly market. This is simply unbelievable. After 53 years, as one of the experts in this field, we cannot believe they have done such a dastardly thing. Contact every Senator and representative and tell them what you think. At 1:00 a.m. EDT the attack had begun just as we finished the George Noory program on Coast-to-Coast AM. It continued all day because all the inside players knew ahead of the public that margin requirements would be raised. Gold and silver were deliberately forced down outrageously, as it becomes clearer that they were very serious problems ahead and that Europe and the US would have to print trillions of dollars to stabilize deteriorating markets, banks and sovereign countries. The destruction of gold and silver on the 3rd try was mandatory as a cover operation. Financially Europe is in a state of collapse.
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news.goldseek.com >> 21 September 2011 |
International Forecaster September 2011 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
One of the greatest detriments to job creation in the US is the overseas income deferral law. This unbelievable gift to transnational corporations is at the heart of free trade, globalization, offshoring and outsourcing. Presently these corporations are sitting on $2.2 trillion in untaxed profits, which is costing the American taxpayer almost $800 billion in lost tax revenue if like in 2006 they are allowed to bring the funds back at 5-1/4% taxation.n
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news.goldseek.com >> 18 September 2011 |
International Forecaster September 2011 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
This past week in a grand deficit cutting bargain the Senate Finance Committee explored “Tax Reform Options Promoting Retirement Security.” The excuse is to make 401K plans more efficient; to keep Social Security afloat and to switch funds from these retirement plans to be used elsewhere by government. It is called a looting procedure. The idea is to replace the 401K with a tax break that would allow government to offer bigger benefits to low earners and changes in withdrawal choices at retirement.
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news.goldseek.com >> 14 September 2011 |
International Forecaster September 2011 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
In the case for gold and silver, it has been go long and stay long for 11 years. During that period great gains have been made during what was the formidable first phase of the gold and silver bull market. Gold was $260.00 and silver was $3.50. Some stocks rose from $4.00 to $86.00, some from $0.80 to $42.00. This performance in spite of gold and silver suppression by the US government. In their desire to keep gold and silver subdued all the government really accomplished was to offer an opportunity for buyers to buy at lower prices than they normally would have been able too.
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news.goldseek.com >> 12 September 2011 |
International Forecaster September 2011 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Many people believe the Jackson Hole was a non-event, a failure and it was. QE 3 was not announced, as we predicted. We believe that was being saved for mid-September when the $300 billion rollover in Treasury securities is completed. Mr. Bernanke has failed in a number of respects, the most glaring being zero interest rates for 2-years and no housing recovery. Even purchasing $1.3 trillion in toxic mortgages has only helped the banks.
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news.goldseek.com >> 7 September 2011 |
International Forecaster September 2011 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
August was sure a barnburner and we believe that was a prelude for an even wilder September. How often do you see gold fall $200.00 in 3 days and recover $187 in 6 days? In our 53 years of involvement in this sector we have never seen anything like this. This shows you what government manipulation is all about. Get used to it, this is what living in a corporatist fascist society is all about.
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news.goldseek.com >> 5 September 2011 |
International Forecaster September 2011 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We find it amusing that Mr. Bernanke in his press conference after the FOMC last week said, US bank exposure to Greece was minimal. We guess he forgot part of that $16.1 trillion and the credit default swaps from NYC banks to the tune of $150 billion. In addition we do not see the US and England escaping the fallout from Europe. From the very beginning 1-1/2 years ago we told Greece to default and that it was inevitable. Of course, the Greek government did not do that, because they wanted to hand their Illuminist friends Greek assets on a silver platter - that is public and private assets.
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news.goldseek.com >> 31 August 2011 |
International Forecaster August 2011 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The debauching of currencies worldwide goes on with great abandon, and of course, leading the pack in the US, UK and Europe. What these countries and others are doing is awakening the hidden forces of inflation and destroying the value of their currencies. In Europe the Germans, over the past six months, have said at the polls they do not want to continue to subsidize the semi-solvent nations of the euro zone and will not participate in Eurobond offerings. Germans are rightly upset with the value of the euro and the illegal purchase of bonds in the market belonging to Italy and Spain.
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news.goldseek.com >> 28 August 2011 |
International Forecaster August 2011 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
It has been almost three years since the Federal Reserve took its interest rates to 1% and most recently to zero. This allows member banks to borrow money at no cost. The Fed lends to large banks with little or no control, so that these banks, some of which are owners of the Fed, can really do as they please. The Fed even lends at zero and re-borrows from these banks at a higher level, guaranteeing the banks a riskless profit. Those profits would have gone to the US Treasury and the American taxpayer. These profits for the most part are the result of the creation of money and credit by the Fed. The banks are so overjoyed regarding the results that the Fed has told them that it will keep the current policy for at least the next two years.
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news.goldseek.com >> 24 August 2011 |
International Forecaster August 2011 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As we have often said, the problem and debt has only been extended. All the debt is unpayable. Interest rates and bond yields of troubled nations are such that debt cannot be repaid. How can anyone have confidence in a broken system? Unsustainable is the operative word. There is no political courage to end all this because all of the key figures and many others are controlled by the Illuminists, who want world government. They will hold out until the system has collapsed, and hope they can save themselves. That is why people worldwide have to prepare for what is coming. Europe’s financial collapse will be the catalyst that will cause all other nations to fall. That is why it is so very important that all of your investable assets be invested in gold and silver, coins, bullion and shares.
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news.goldseek.com >> 21 August 2011 |
International Forecaster August 2011 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Every professional has their own method of analyzing markets, finance and economies, and some do well coming up with the direction of social and political issues as well. The other 97% miss one-half to two-thirds of the time. That is not very good and one asks why? The answer is simple they really haven’t studied history as well as they should have.
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news.goldseek.com >> 17 August 2011 |
International Forecaster August 2011 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Since April the market as measured by the Standard & Poor’s stock index is off about 18% and momentum has fallen 40%. The recent catalyst for lower prices has been the drop in the debt rating by S&P of US Treasuries. In addition the economy is showing a pronounced slow down, as are many other countries. There is liquidity at major banks and corporations, but it has yet to be employed into the economy.
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news.goldseek.com >> 14 August 2011 |
International Forecaster August 2011 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Markets have certainly fallen quickly. It was only on 12,721 on July 21 and now we are looking at a low close of 11.269 after a 500-point PPT arrangement. There is no question investors didn’t like the bill encompassing debt extension, nor the perceived cuts to be made. That was followed by a long awaited fall-in the debt rating of the US by the S&P. At the same time the financial and economic conditions in Europe worsen with Italy officially joining the ranks of near insolvency. These events were accompanied by calls for the president to bypass the Constitution or to use the 14th Amendment to bring about the debt extension.
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news.goldseek.com >> 10 August 2011 |
International Forecaster August 2011 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
One thing is for sure the Fed leads by deception. We have seen the act since 2007 when it supposedly set out to solve the credit crisis. Quantitative easing and zero interest rates may have provided the Fed with additional time, but they did little to solve the long-term problems, or to help bring about recovery. In fact, these measures insure that we will have future problems, particularly with inflation. Those who understand what the Fed is up to also understand that the Fed has little credibility and its reputation may have been totally lost.
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news.goldseek.com >> 7 August 2011 |
International Forecaster August 2011 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The entire concept of keeping the economy functioning is based upon US dollar debasement via the creation of excess money and credit, which is accompanied by departments of government and Wall Street. Once in the past 11 years in particular we have seen lies, fraud, bogus statistics and Mickey Mouse bookkeeping. For good measure the powers behind government have thrown in the gutting of America’s industrial base by outsourcing and offshoring. As an extra temporary measure the Fed has bailed out the financial sectors in the US and Europe and continues to bail out the US Treasury. Who cares about currency debasement because it’s a cost of doing business.
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news.goldseek.com >> 3 August 2011 |
International Forecaster August 2011 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
It was 15-months ago that we projected that the second half of 2011 and onward would present many financial and economic problems, and we have not been disappointed. There was federal debt and its renewal, which we are now suffering through, municipal debt problems, the lack of any kind of solid recovery and financial problems emanating from Europe. Making the situation more difficult is the statistical exposure at Princeton University that more than $5 trillion has been spent since 9/11 to create new wars in Iraq, Afghanistan, Libya and Pakistan, with more in the works.
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news.goldseek.com >> 31 July 2011 |
International Forecaster July 2011 (#9) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The first House passed a $16.7 trillion cut, cap and balance bill calls for a cut in the fiscal September 1st budget for 2012 and a balanced budget amendment that goes into effect in five years. Why five years, so they can amend it in a couple of years? This is truly political theater. This has little to do with the budget and everything to do with political powers. Worse yet, unless it meets the President’s approval, he will veto the bill.
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news.goldseek.com >> 27 July 2011 |
International Forecaster July 2011 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As we write the US government short-term debt extension is still up in the air. Both sides are not about to give up and lose a political victory. The President still is trying to recover from his ill-timed attempt at extortion. That is if a solution is not found by August 2nd, that he will let US bonds fall into default and terminate government’s Social Security obligations. Our question is how can you loot what has already been looted?
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news.goldseek.com >> 25 July 2011 |
International Forecaster July 2011 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
People know higher prices caused by inflation mean they can buy less with their money. What they do not think about is the long-term affect of inflation and how it negatively affects their overall standard of living. Inflation can only be caused by the Federal Reserve by creating money and credit in excess of economic growth. This is what the economy has had to contend with since 2000.
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news.goldseek.com >> 20 July 2011 |
International Forecaster July 2011 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
This past week the person, who calls himself President again engaged in extortion by threatening to shut down the government, default on bonds and deprive Americans of their Social Security and Medicare. We all know that is not going to happen unless the illegal alien wants to start a revolution. He can cut costs anytime he wants, but he is more interested in terrorizing the old and the infirm, so he can continue his wild spending.
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news.goldseek.com >> 17 July 2011 |
International Forecaster July 2011 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As we have said for many years crime on Wall Street, in banking and in corporate America pays. One just neither admits or denies and lets the corporate shareholders pay the fines. These are today’s untouchable, who steal billions and get away with it. Financial institutions are too big to fail, as are their key employees. To a great extent fraud and other criminal behavior caused the credit crisis and lack of recovery that we have witnessed over the last 5 years. We have had top officers of firms see their companies headed for trouble and with this inside knowledge they have cashed out their share holdings. Then there were the predatory lenders, syndicators of bonds, which contained mortgages, now known as toxic waste, that were criminally given AAA ratings when they deserved BBB.
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news.goldseek.com >> 13 July 2011 |
International Forecaster July 2011 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Markets are what they are today because that is the way government wants them. The stock market has stayed up for quite some time, but the best earnings are fading. The Street is well aware of what has been happening for a number of years. They just do not say anything and go along with the program. They have come to overlook situations worldwide as well as in America, because they believe that, “The President’s Working Group on Financial Markets” won’t let the market fall.
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news.goldseek.com >> 10 July 2011 |
International Forecaster July 2011 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Just look at the scale of this to get an idea of how massive this game-changer will be, The Agricultural Bank of China has over 320 million retail customers and 2.7 million corporate customers and has integrated its customer account information system with this platform.
By creating the first ever rolling spot contract, Chinese bank customers will for the first time have ease of access to 10 ounce gold contracts in Renminbi directly from their bank accounts and with the click of a mouse. To give a further idea of scale, if just 1% of their customers bought a single 10 ounce contract, that would equate to 1,000 tons of physical gold being drawn down....
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news.goldseek.com >> 4 July 2011 |
International Forecaster July 2011 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Most sovereign world states are going to experience the same financial and economic bloodbath - all those fiat currencies re going to fail. Why do you think China, Mexico, Russia, India, Iran, Argentina, Thailand and others are buying gold? It is because they know their currencies will have to be backed by gold, or they will be worthless. Mexico may soon back their currency with silver, which is natural because it is the world’s second largest silver producer. Gold and silver are the only safe places for your wealth to be.
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news.goldseek.com >> 29 June 2011 |
International Forecaster June 2011 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Greece and Europe are still in crisis as the European countries scramble for a solution. The fact is that ultimately Greece has to default. The banks and other nations of the euro zone should have never allowed the situation to progress to its current stage. As we have said over and over again for 13 years, one interest rate can never fit all, because each country is at a different stage of development. The very creation of the European Union and the euro zone flies in the face of anthropological and cultural history reaching back thousands of years. That said, the leaders of the EU cannot possibly save Greece and the other five nations in serious financial trouble and save the euro and the European Union simultaneously.
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news.goldseek.com >> 22 June 2011 |
International Forecaster June 2011 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
What the world is experiencing today did not happen by chance, it was planned that way. What Congressman Louis McFadden said of the “Great Depression” is as true today as it was in the 1930s. As Chairman of the House Banking Committee he said, “It was no accident; it was a carefully contrived occurrence. The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.”
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news.goldseek.com >> 19 June 2011 |
International Forecaster June 2011 (#6) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As far as we can discern the US Treasury thus far has spent and borrowed about $100 billion from the federal pension accounts. Unless there is a vote on the cash debt extension prior to August 2nd, government will probably have borrowed some $250 billion to $300 billion. The Treasury is paying virtually no interest on this debt. Three-month Treasury bills are currently yielding zero percent. Our question is how will the funds be generated to fulfill the Treasury’s obligation to the pension fund? What happens if on August 2nd if legislation is not passed? Does this go on forever? We will keep you apprised on new developments.
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news.goldseek.com >> 15 June 2011 |
International Forecaster June 2011 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Unemployment at 22.4% is causing a run on assets of retirement funds. That is probably why legislation is being introduced to limit how much money can be removed from these investment vehicles. About 11% of participants have taken out loans over the past year, up from 9% y-o-y. In overall total 22% have loans out and the numbers are accelerating. Almost all the loans will never be paid back. Hardship is forcing people to withdraw, as well as those who believe that government will try to commander 401K’s and IRA’s to fund a bankrupt government, that wants to replace those vehicles with bogus government guaranteed annuities.
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news.goldseek.com >> 13 June 2011 |
International Forecaster June 2011 (#4) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The lifeblood is being sucked out of America by free trade, globalization, offshoring and outsourcing. Over the past 11 years manufacturing jobs have fallen by 11.7 million and 440,000 businesses have been lost. Those figures should make Americans very disturbed, when it is obvious that American business, and the House and Senate are aiding and abetting in this job destruction, which has not only ended the American dream, but the destruction of the American economy.
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news.goldseek.com >> 8 June 2011 |
International Forecaster June 2011 (#3) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
Wall Street seems to believe the waning recovery in the economy is only temporary and that further recovery is on the way. Such thinking can get you in serious trouble, unless QE3, or its equivalent, is on the way. It is on the way, as we pointed out 13 months ago. The economy cannot live and survive without it otherwise we could be looking at a minus 5% GDP for openers. Incidentally, there are those that believe that unemployment already is as bad as it was during the “Great Depression” years of the 1930s. They may be correct, but we believe it was much higher than today’s 22.4% level. If government hadn’t created food stamps, Medicaid, extended unemployment benefits and other benefits, perhaps we could be close to 1930’s levels.
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news.goldseek.com >> 5 June 2011 |
International Forecaster June 2011 (#2) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
According to our calculations we have been in an inflationary depression since February of 2009. Everyone looks back on the deflationary depression of the 1930s as a benchmark or a reference. As far as we are concerned the 1930’s depression only ended when the powers behind government arranged another war. Few talk about the recession of the early 1920s, which only lasted two years and was caused by the newly formed Fed, which financed US participation in World War I.
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news.goldseek.com >> 1 June 2011 |
International Forecaster June 2011 (#1) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
As these created episodes were carried out we again heard the secretary of the Treasury engage in more fantasy by telling us a strong dollar policy was still in place. These three elements then gave the dollar a push upward, as it became obvious that the EU and IMF were not getting the results they wanted in Greece, that is looting the country of just about everything the country had left.
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news.goldseek.com >> 30 May 2011 |
International Forecaster May 2011 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We hope all of our appearances on Greek TV, radio and in the press have helped the educational process and to allow the Greeks to identify who the real culprits are, and what to do about it. It has just been over a year since this tragedy became reality, but we reported on Greece and Italy ten years ago. They both bent the rules to enter the euro zone. We knew then that Goldman Sachs and JPMorgan Chase were assisting them by creating credit default swaps. There were a few European journalist who reported on the issue, but the elitists control the media and few noticed that Greece and Italy were beyond bogus.
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news.goldseek.com >> 25 May 2011 |
International Forecaster May 2011 (#7) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
We believe that for the past 2-1/2 years the price of gold has been mainly driven by a flight to quality, as gold vied with the dollar for supremacy, as the world’s reserve currency. As we have witnessed gold has won that battle. The only way the dollar or any other world reserve currency can compete is by being backed 25% by gold. The elitist’s royalty of Wall Street and the City of London are quite upset with these developments, because they want all currencies to be fiat, so that they would not have to have a gold backed international monetary unit. Over the last six months another historic factor has come into play in evaluating gold versus currencies, and that is the interconnectivity of gold’s relationship with inflation.
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news.goldseek.com >> 22 May 2011 |
International Forecaster May 2011 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The amount of money and people withdrawing from 401K’s has been staggering and Wall Street and government do not like it one bit. There are those who have been fired, run out of benefits, and half to cash in part or all of their retirement. The villainous ones are those still employed, who have taken up to three loans, many of whom have bought gold and silver with the proceeds.
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news.goldseek.com >> 18 May 2011 |
International Forecaster May 2011 (#5) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster
The problems in the euro zone continue to multiply. Greece, Portugal and Ireland are dominating the news at least in Europe, as America is mostly shut out by the controlled media. The events in the euro zone are every bit as important as those regarding US problems.