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Friday, March 19, 2010

Bob Chapman : we owe foreigners 4 Trillion Dollars in Treasury bonds - America is Bankrupt

It is impossible to service our debt and the debt that is coming in every week - Bob Chapman

Bob Chapman we are going to have a deficit between 1.6 and 1.8 trillion dollars in this fiscal year , we are going to do that or something close to that for the next ten years , there is no conceivable way that we are going to sell bonds during that period of time to make up that deficit , so I think in the next two years the dollar will fall against other currencies ... and the small and medium business won't be able to get loan and that means the interest rates will rise.... Bob Chapman : we owe foreigners 4 Trillion Dollars in Treasury bonds - America is Bankrupt

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

Gold Set to Go Higher Francisco Blanch of Merrill Lynch global research says

Gold set go higher as concerns of European sovereign debt continue to mount , gold trading presently at $1112 , Francisco Blanch of Merrill Lynch global research says The Euro is going to come down gold is going to go up and that trends won't change ...