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Monday, March 22, 2010

Bob Chapman : we will have a Double Down not a Double dip Recession - The FED is playing with fire

Bob Chapman on Goldseek Radio 20 Mar 2010

Bob Chapman The International Forecaster : I think as we go forward in the six month thereafter into the election there will be a human cry from the administration and some in the congress that we should have some more stimulus , and with that said how much would they need I would think considering what we have seen , they will need at least another 800 billion , and The FED has got to reverse itself and start requifying or if we do not have a stimulus and we do not have requification in about a year to a year and a half the economy won't be in a double dip it will be a double down and it is going to be a situation in which inflation will not be able to overcome deflation ...The FED is playing with fire and if they want to keep the system going they've got to continue just like in unemployment to extend extend extend and if they do not do that the system is going down ....I think they are faced with a terrible dilemma because they have used so much stimulus already the second stimulus plan..."Money is not important it is what you do with it " says Bob Chapman..."In Gold you go long , you stay long " "The world is full of Fiat currency , Deflation is even a more important factor to own gold than inflation , sure when inflation runs up you make a lot of money , but deflation is even better for gold holders because everything goes down and gold does not "

Bob Chapman : Get your cash out of the Banks and The Stock Market - we will have Bank Holiday and the Stock market will crash by the end of this year
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.

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

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