Economy

(SilverBearCafe) – ShadowStats: CPI-Alt Running 4.3%, Gold $2,382, Silver $139

There is almost no doubt in my mind that we will see these prices for gold and silver. I am just not sure exactly how we will get there, and when. But I expect the unexpected, or at least that which is not expected by the many.

(EconomicPolicyJournal) – Consumer Metrics Institute: In about 20 days the 2010 slowdown could be more severe on a day-to-day basis than the 2008 ‘Great Recession’ – Read More Here

(Reuters) – Consumer Prices Drop, Sentiment Sours

Weak energy costs pushed U.S. consumer prices down for a third straight month in June while consumer sentiment dropped to a near one-year low in July, highlighting the sluggishness of the economic recovery. Read More Here

(ActivistPost) – Goldman Sachs Mafia Pays Hush Money to the S.E.C. Police

The New York Times reported yesterday that the criminal gang at Goldman Sachs is paying a $550 million “fine” to the Securities and Exchange Commission to “settle” their fraud case. If approved, the settlement would “represent only a small financial dent for Goldman, which reported $13.38 billion in profit last year.”

Meanwhile, Goldman Sach’s shares rose 5% in after-hours trading alone on the news adding about $3.5 billion in value to their market cap. Ah, life is good for the banksters at the top of the pyramid, especially when the media is on your side too. The New York Times piece went on to say: Read More Here

Video: Bob Chapman – The United States Middle Class is being Wiped-Out!!! – Alex Jones Tv –

Alex talks with regular Friday guest Bob Chapman, publisher of the the International Forecaster newsletter, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm and was probably the largest gold and silver stockbroker in the world during that period. 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. Continue reading

Video: Bob Chapman – Global Governance is A Corporate Takeover by The illuminati – Alex Jones Tv

(July 2) – Regular Friday guest Bob Chapman, former gold and silver stockbroker and publisher of The International Forecaster, talks about the economy. Continue reading

Economy

(InternationalForecaster) – Central Banking in Crisis: Some Twenty Countries on the Verge of Insolvency – Bob Chapman

Market Volatility as the Debt Implosion Continues Read More Here

(GlobalResearch) – Financial Crisis Conducive to Instability of Asia’s Currency Markets: South Korea Imposes Currency Controls – Read More Here

(GlobalResearch) – “Dying Detroit”:: The Impacts of Globalization. Social Decay and Destruction of an Entire Urban Area – Read More Here

(GlobalResearch) – The Gold Market: When Will the SEC Prosecute for Market Rigging? – Read More Here

(Telegraph) – Lord Rothschild fund joins World Gold Council to put £12.5m into BullionVault

Tim Levene of Augmentum Capital, a fund backed by Lord Rothschild’s RIT Capital Partners, said the investment was not a bet on the gold price but on “the future growth of the BullionVault platform”, which stores physical gold for private clients in London, New York and Zurich. RIT currently has 9pc of its assets in physical gold. Read More Here

(FoxBusiness) – New Home Sales Fall 33% in May to Record Low

The U.S. housing market is in crisis.

A day after a disappointing read on the market for existing homes, the government said Wednesday that sales of new homes fell to their lowest level on record last month, a potentially crushing blow for an economy that is still looking for its footing. Read More Here

(PragCap) – Russell: This is One of the Largest Tops in Stock Market History

Mr. Russell thinks we might be on the verge of a terrible collapse:
“We’re now in the process of building one of the largest tops in stock market history. The result, I think, will be the most disastrous bear market since the ‘30s, and maybe worse. Read More Here

(VoiceInTheWilderness) – Is America Destined to Starve?

Americans are no longer prepared to take care of their basic needs without the involvement of the federal government. The majority of Americans have relinquished the responsibility of their future survival to bureaucrats. How and when did we, as an intelligent and formerly self-reliant populace, decide to become wards of the state? Read More Here

REPOST – (LATimes) – Video: California city to lay off all city employees, dismantle Police Department – Video Link Here

(Reuters) – World’s rich got richer amid ’09 recession: report

A stock market rebound helped the world’s ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report. Read More Here

(DealBook) – Despite U.S. Plea, European Bank Pushes Austerity – Read More Here

Climategate

(RoySpencer) – The Global Warming Inquisition Has Begun – Read More Here

(FinancialTimes) – Obama to push climate change on back of BP spill

Barack Obama will on Wednesday make a renewed push to spur the US Senate into action on climate change, saying the BP oil spill underlines the urgency for the country to lessen its dependence on fossil fuels. Read More Here

Economy

(SteveWatson) – Gold Prices Heading For Record Highs

Gold futures surged toward record highs Thursday as the stock market and the U.S. economy continued to flounder, leaving investors seeking a safe haven in hard assets. Read More Here

(BusinessInsider) – CHART OF THE DAY: Food Prices Are About To Explode – Read More Here

(Leap2020) – Global systemic crisis / Second half of 2010: The global system’s four single points of failure

Each day the news confirm the extent to which the global systemic crisis has now entered into the phase of global geopolitical dislocation, even if the media only timidly begin to interpret the historic upheavals which unfold before our own eyes. For LEAP/E2020, the second half of 2010 will thus correspond to a new step in the global geopolitical dislocation, characterized by an acceleration in the process of strategic, financial, economic and social convulsions centered on four single points of failure Read More Here

(MSNBC) – Home builders won’t lift the economy this time

Homebuilders are sending a message: They won’t be able to contribute much to the economic recovery now that government home-buying incentives have vanished. Read More Here

(InterForecaster) – Federal Reserve Purchases U.S. Sovereign Debt – Bob Chapman

We believe an inflationary depression began in February of 2009, and little has changed. Since then factory output has increased, as have inventories and other outward signs, such as retail sales. We believe that one-year spurt is ending, unless a new stimulus program is put in place. Read More Here

(ZeroHedge) – 100 Italian Economists Say Austerity Will Destroy Europe

The Telegraph’s Ambrose Evans-Pritchard points to a letter signed by 100 Italian economists (technically Keynesianites, but in the great Ponzi, the two have become synonymous) in which they note that “the austerity strategy imposed by Brussels/Frankfurt risks tipping Europe into a self-feeding downward spiral. Read More Here

(TheStreet) – Gold Prices Reach for $1,254

Gold prices were gunning to break their record high Thursday as an uncertain stock market fueled demand for gold as a safe haven asset. Read More Here

(CNNMoney) – Out-of-work job applicants told unemployed need not apply

The last thing someone who is unemployed needs to be told is that they shouldn’t even apply for the limited number of job openings that are available. But some companies and recruiters are doing just that. Read More Here

(Reuters) – More Than 90 Banks Miss TARP Payments – Read More Here

(June 16) – Video: Alex Newman Reveals Fed Manipulations & ‘Bernanke’s Trillions’ on Alex Jones Tv

New American journalist Alex Newman talks with Alex about his latest article, Fed Manipulations in the Crosshairs. “It turns out that under the guise of “stabilizing” the economy, the Federal Reserve banking cartel had set in motion a series of actions that would eventually transfer trillions to the bankers at taxpayers’ expense, all while decimating the investments of countless average Americans,” writes Newman. Alex also covers the news and takes your calls. Continue reading

Economy

(BBC) – Japan PM Naoto Kan warns of ‘collapse’ under debt pile

Japan is at “risk of collapse” under its huge debt mountain, the country’s new prime minister has said. Read More Here

(NAlert) – ObamaCare’s 150 New Government Agencies – Read More Here

(DowJones) – 2nd UPDATE: Milan Judge Adjourns Derivatives Trial To June 23

A Milan judge adjourned Wednesday a landmark derivatives trial against four international banks accused of fraudulently selling derivatives on a bond by two weeks to June 23.

Judge Oscar Magi, who recently took over the proceedings, also ruled that several parties including dozens of consumer … Read More Here

(NYTimes) – Uncertainty Restores Glitter to an Old Refuge, Gold

It is the resurgent passion of the doomsday crowd, a bet that everything will go wrong. No matter what has you worried, they say, the answer is gold. Read More Here

(CNNMoney) – Vermont to seniors: Return those $250 checks

The federal government is mailing $250 Medicare rebate checks this week, but Vermont is asking its seniors to send the money back to the state. Read More Here

(June 11) – Video: Bob Chapman’s Friday 6/11/2010 Economic Report on Alex Jones Tv

Bob Chapman of The International Forecaster checks in with his regular Friday economic news update. Alex covers the news and takes your calls. Continue reading

Video: Bob Chapman’s Friday Economic Report on Alex Jones Tv

(May 28) – Alex also talks with regular guest Bob Chapman, the former stockbroker who now publishes The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide. Continue reading

Economy

(Telegraph) – US faces one of biggest budget crunches in world – IMF – Read More Here

(NaturalNews) – Why U.S. lawmakers oppose renewable energy grants

With the economy in shambles throughout the past year or two, lawmakers have been scrambling to find ways to spur growth and increase American jobs. However many are opposing stimulus efforts that create jobs overseas, including renewable energy grants that end up creating manufacturing jobs in China rather than in the U.S. Read More Here

(C4L) – PIIGS Win. Bankers Win. Voters Lose – Read More Here

(KurtNimmo) – Obama Administration: Goldman Sachs from Top to Bottom

Two articles on the FDL website detail the intimate and incestuous relationship between the Barry Obama administration and Goldman Sachs. FDL names names and provides expansive detail on the Goldie administration. Read More Here

(BusinessInsider) – Surprise! Cost Of Healthcare Bill Already Spiraling Beyond Estimates, And Democrats Are Ignoring The Reasons Why

There’s been a spate of bad news recently about the health care bill.

Henry Waxman canceled his War on Accounting, not because there was a sudden breakout of common sense on Capitol Hill, but because his committee’s investigation revealed that companies had begun exploring whether they should drop their health insurance plans entirely–a move that would cost over $100 billion dollars thanks to the huge new subsidies the government would have to dole out. Read More Here

(RawStory) – Schwarzenegger’s solution to California’s budget woes: End welfare

Governor Arnold Schwarzenegger on Friday unveiled plans to plug California’s budget deficit by slashing billions of dollars worth of funding for services designed to help the state’s poor. Read More Here

(OilPrice) – 4 Economic Predictions: What Remains when you Scrape Away the Hype – Read More Here

The Mainstream Financial Media (MFM) is famously (or infamously) deficient in any context other than the day’s swirl of data, rumor and response.

(Campaign4Liberty) – Will the New Bailout Save Europe?

Keep in mind that the European Central Bank (ECB) is buying bonds with printed money, which means inflation. Like the United States, Europe is broke, and will be even more so once this “bailout” goes through. Read More Here

(Bloomberg) – Fed Board May Soon Add Three More Millionaires to Its Ranks – Read More Here

(AP) – Trichet: economy in deepest crisis since WWII

The President of the European Central Bank was quoted Saturday as saying that he still sees Europe’s economy in its deepest crisis since World War II, or even World War I. Read More Here

(EconomicPolicyJournal) – The Fed Currency Swaps Begin – Read More Here

(Guardian) – Bankers’ earnings surge towards pre-crash levels

Pay and bonuses totalled £20.5bn in four months to April, compared with £24bn at height of boom in 2007 Read More Here

(TheStreet) – Bank Failures Exceed 2009’s Pace

State regulators closed four community banks Friday, bringing the total number of failed banks for 2010 to 72. Read More Here

(Telegraph) – President Nicolas Sarkozy ‘threatened to pull France out of euro’

President Nicolas Sarkozy slammed his fist on the table and threatened to pull France out of the euro at a meeting of European leaders deciding Greece’s aid package last Friday, according to Spain’s El Pais newspaper. Read More Here

(BusinessWeek) – Euro Breakup Talk Increases as Germany Loses Proxy (Update1) – Read More Here

(Reuters) – US bankruptcies resume upward path in 1st quarter

U.S. bankruptcy filings resumed their upward climb in the first quarter, nearly equaling their highest level since 2005, as high unemployment and a still-strained housing market squeezed consumers. Read More Here

(VoiceOfRussia) – Global crisis not over yet – Putin

Russia’s Prime Minister Vladimir Putin has warned that the global economic crisis is not over yet. Addressing top finance and economic development ministry officials on Friday, he said that the crisis had forced eurozone countries to take tough financial stabilization measures and that ordinary citizens were now paying for macro-economic blunders. Read More Here

(EconomicCollapseBlog) – Will The U.K. Be The Next European Nation To Experience A Massive Debt Crisis? – Read More Here

(Fox) – Obama’s Ex-Auto Czar Says GM May Have Stretched Truth About Loan Repayment

President Obama’s former auto czar has nothing but praise for General Motors’ new chief executive, Ed Whitacre, but he acknowledged this week that the auto giant may have “slightly elasticized the reality of things” by airing an ad claiming it had repaid its government loans “in full.” Read More Here

(CalculatedRisk) – Schwarzenegger: Eliminate Welfare and most Child Care, reduce Health Care

From the SacBee: Schwarzenegger budget would eliminate welfare

Gov. Arnold Schwarzenegger asked lawmakers Friday to eliminate the state’s welfare program starting in October and dramatically scale back in-home care for elderly and disabled as part of his May budget revision to close a $19.1 billion deficit. Read More Here

(Telegraph) – VAT should be imposed on food and children’s clothes, says IMF

David Cameron should use this summer’s emergency Budget to raise VAT on a host of excluded products, including food and children’s clothes, the International Monetary Fund signalled yesterday. Read More Here

Video: Bob Chapman’s Friday, May 14th Economic Report on Alex Jones Tv

Friday guest Bob Chapman, a former stockbroker who has written numerous article on business, finance, economics, politics, and publishes The International Forecaster. Continue reading

Video: Bob Chapman Breaks Down “The Plunge Protection Team” on Alex Jones Tv

“This is international fascism”
(May 7) – Alex & Bob talk about the latest Stock market collapse and who are the plunge protection team is. Will they jump in again or will they let it fall all the way next time. Bob breaks down how the International banking cartel are setting america up for it’s biggest economic fall yet. Continue reading

Economy

(RadicalReactionary) – Industrial Wind and the Wall Street Cap and Trade Fraud

Financial scandals are not new. Schemes to leverage risk and cheat the public are mainstays of the mad “Cap and Trade” stratagem, in the ongoing war, against genuine free enterprise. The latest ploy is the industrial wind swindle. Read More Here

(ChicagoTribune) – Illinois bank-owned foreclosures double in first quarter

Almost 15,000 Illinois homeowners lost their homes to foreclosure in the year’s first three months, twice as many as the number that went back to lenders during 2009’s first three months, new figures show. Read More Here

(SeekingAlpha) – Foreclosure Pipeline Is Full to Bursting

According to realtytrac.com, foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009. Read More Here

(Telegraph) – Goldman Sachs: the bank that thought it ruled the world

Goldman Sachs was ‘doing God’s work’ – but it is now being investigated for fraud. Harry Wilson reports. Read More Here

(HuffingtonPost) – The 10 SCARIEST Charts Of The Recession – Read More Here

(BigGovernment) – White House Caught Altering Stimulus Baseline Projection by 7 Million Jobs

The number of jobs in the U.S. is currently 129.7 million. So to justify the Administration’s current claim of 2.8 million jobs “created or saved” by stimulus, they need to also claim that without that stimulus there would be only 126.9 million jobs. That’s exactly what they do, displayed as the “baseline projection” level in the graphic below from an April 14, 2010 report: Read More Here

(DailyWealth) – One of the World’s Biggest Oil Producers Is Going Bust – Read More Here

(AP) – Recession is ending? Some Americans don’t buy it – Read More Here

(NYTimes) – For Cash-Strapped States, Sin Is Sure Lucrative – Read More Here

(USAWatchDog) – Fraud, It’s Much Bigger Than Goldman Sachs

Goldman Sachs was charged with fraud last week by the Securities and Exchange Commission. The investment bank says the charges are “unfounded in law and fact.” Regulators allege “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party,” SEC Enforcement Director Robert Khuzami said in a statement. Read More Here

(InternationalForecaster) – Don’t Look to Banks To Solve Economic Problems – Bob Chapman

One of the reasons for less bank lending is the almost non-existent market for securitized bonds. Investors have so many bad loans on their books that they refuse to commit to further risky investments. This means banks are forced to hold this toxic paper on their books and that inhibits them from lending at higher levels. Read More Here

(NeitherCorp) – Get Ready, Inflation Is On The Way

In the professional financial world, the term “inflation” has many inferences, consequences, supposed benefits, and definitions. Read More Here

(EconomicCollapse) – If The U.S. Economy Goes Into The Toilet Will It Result In A Complete And Total Collapse Of Society? Read More Here

(BusinessInsider) – Congressmen Urge Dramatic Expansion Of Goldman Investigation, Demand Big Payback To AIG

The easiest reason to think that the Goldman Sachs (GS) news will metastasize is that so many players potentially have an interest in seeing it expand. Read More Here

(InfoClearingHouse) – High Frequency Trading – High-tech Highway Robbery – Michael Whitney

The Securities and Exchange Commission (SEC) knows that High-Frequency Trading (HFT) manipulates the market and bilks investors out of tens of billions of dollars every year. But SEC chairman Mary Schapiro refuses to step in and take action. Instead, she’s concocted an elaborate “information gathering” scheme, that does nothing to address the main problem. Schapiro’s plan–to track large blocks of trades by large institutional investors– is an attempt to placate congress while the big Wall Street HFT traders continue to rake in obscene profits. It achieves nothing, except provide the cover Schapiro needs to avoid doing her job. Read More Here

(InfoClearingHouse) – A Greater Threat Than Terrorism – Outsourcing the American Economy – Paul Craig Roberts

Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.” – Read More Here

(GlobalResearch) – Going After Goldman: A Crackdown on Financial Crime or a Kabuki Play Maneuvre to Avoid Bringing Criminal Charges – Danny Schechter

Fox Business News was engrossed in interviewing a blonder than thou reality TV bimbo when the news that the Securities And Exchange Commission was filing fraud charges against Goldman Sachs broke on Friday afternoon. Read More Here

(Fox) – Video: Ron Paul – Fox Business

On Monday, April 19, 2010, Congressman Paul was interviewed on Fox Business’ “Varney & Co.” concerning financial regulatory reform legislation and how the Federal Reserve and our current regulatory system encourage corruption in our economy. Continue reading

Video: Bob Chapman’s Friday Economic Report on The Alex Jones Show Hosted by Jason Bermas

(April 9) – Bermas also talks with regular guest, Bob Chapman, the man behind The International Forecaster newsletter. Continue reading

Economy

(Reuters) – EU safety net not quite enough to break Greek fall

The thing about a safety net is that it all depends where you hang it. Read More Here

(Reuters) – Office vacancy rate hits 16-year high

The U.S. office vacancy rate in the first quarter reached its highest level in 16 years, but the decline in rents eased and crept closer to stabilization, according to a report by real estate research firm Reis Inc. Read More Here

(GlobalResearch) – Crisis of the Global Economy: Trade Conflicts and “Fair Trade”

Trade is now a favorite topic for many politicians and the media, especially between China and the U.S. Likewise, labor and progressive groups continue to delve deeper into trade issues, offering a variety of working class solutions. The far right, too, is obsessed with trade, using it to fuel nationalism and anti-China sentiment. No subject is prone to so much demagoguery combined with so little explanation.
Before one can offer a vision of “fair trade,” it’s helpful to understand what “trade” is. Read More Here

(GlobalResearch) – The Greek Financial Crisis and the European Timetable

Now that the Lisbon Treaty of 2009 is behind us, after it was forced through Ireland, after the Irish were told to keep voting on this until they said “yes”; now the European Union moves on to the next item on its timetable. The next step is to create a centralized Ministry in Brussels for Finance and Taxation, thereby further eroding the diminishing national sovereignty of the now twenty-seven member states; and what better way to do this than to organize a specific potshot against the little country of Greece? Read More Here

(GlobalResearch) – Imminent Dangers of Stagflation: U.S. Economic Policies Fail to Avert Hyperinflation

The United States send weak economic signals insufficient for a meaningful and sustainable economic expansion required to gain back confidence of national and foreign investors, futureofdollar.com finds in the present research. Political decision-making process is paralyzed by numerous disabilities, while external market constraints obstruct economic recovery. Stagflation is an imminent danger. Read More Here

(InfoClearingHouse) – What The Top U.S. Companies Pay In Taxes

As you work on your taxes this month, here’s something to raise your hackles: Some of the world’s biggest, most profitable corporations enjoy a far lower tax rate than you do–that is, if they pay taxes at all. Read More Here

(BusinessInsider) – Fed Still Fighting Over Whether The Problem Is Inflation Or Deflation

The Federal Reserve can’t make up its mind what the problem is. Specifically, it can’t agree on whether to fight inflation or deflation. So don’t expect any violent moves anytime soon. Read More Here

(WashingtonPost) – U.S. government a big commercial real estate player

Evidence of the federal government’s growing influence on Washington area commercial real estate is illustrated in big deals it is working on both sides of the table: auctioning a 127,000-square-foot Bethesda building previously occupied by the National Institutes of Health and moving to snatch up vast spaces in buildings on the private market that have been vacant for months. Read More Here

(WSJ) – Bank of Mom and Dad Shuts Amid White-Collar Struggle – Read More Here

(SilverBearCafe) – Will fraud lift gold prices to $10,000/ounce?

After the sub-prime catastrophe in banking and realty sector, which led to the global recession in 2008-09, it is the turn of bullion markets now. – Read More Here

(Gallup) – Underemployment Rises to 20.3% in March

Gallup Daily tracking finds that 20.3% of the U.S. workforce was underemployed in March — a slight uptick from the relatively flat January and February numbers. Read More Here

(InternationalForecaster) – The Smoke and Mirrors Economy – Bob Chapman

We have an economy run on smoke and mirrors, based on the manipulation of markets. That was accomplished via the executive order signed by President Ronald Reagan in 1988 in the aftermath of the stock market collapse of October 19, 1987, known as the “President’s Working Group on Financial markets.” This order intended to be implemented during emergencies has been used to manipulate markets worldwide 24/7. Read More Here

(CNN) – Unemployment Benefits Expire for Thousands

Extended unemployment benefits will temporarily expire for thousands of Americans on Monday because the Senate went on its spring recess without approving a one-month deadline extension. Read More Here

(MSN) – Inflation warning etched in steel

Pretend it’s 1933, as so many in the deflation camp think it is or soon will be (at least from the price-of-everything standpoint). If last Wednesday you reached for a copy of that day’s Financial Times, would you have expected to see the following headline — “Steel prices set to soar: Everyday goods will cost more” — in large print above the fold?

I don’t think so. Read More Here

(Reuters) – Oil hits 18-month high on economic outlook

U.S. crude futures hit an 18-month high on Monday, climbing toward $86 per barrel on expectations of faster-than-expected economic recovery and increasing demand for fuel. Read More Here

(BusinessInsider) – The Scariest Jobs Chart Ever (Another View)

Here’s another view of what we’ve been calling the “Scariest Jobs Chart Ever.” It’s from Calculated Risk, and it shows the percent of job losses since the peak for all the post-war recessions. Read More Here

Video: LBMA Bullion Market Ponzi Scheme. Financial Manipulation in the Gold and Silver Markets Continue reading

Failed Banks and Failed Billions – Bob Chapman

(InternationalForecaster) – Re-flating a dying bubble, Greece and Euro problems fuel world markets, Lehman Bros collosal fraud, a plan to tax banks, bank failures amount to billions, signs of a vanishing recovery. Read More Here

Video: Bob Chapman Covers Economic Power Grab by Banking Cartel on Alex Jones

Alex talks with regular guest Bob Chapman. Mr. Chapman publishes The International Forecaster, a newsletter of timely and in-depth coverage on the economy and world economic events. Chapman became a stockbroker in 1960 and retired in 1988. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. From 1976 to present he has spoke and given workshops at over 200 business conferences worldwide, and has been on radio and TV hundreds of times. Continue reading

Economy

(WSJ) – Economists Say Fed Saved the U.S. Economy

The $787 billion stimulus package was a good for the economy, but the Federal Reserve played the biggest role in rescuing the U.S. economy from the financial crisis, according to the majority of economists in the latest Wall Street Journal forecasting survey. Read More Here

(InternationalForecaster) – Pondering Our Collapse While We Watch Others Fall – Bob Chapman

Every important factor we see is working against the dollar and we believe that trend is irreversible. That means the present dollar rally probably cannot endure and it could well be the time to short the USDX. Read More Here

(AFP) – Police battle demonstrators in strike-hit Greece

Greek police battled demonstrators on Thursday as the country ground to a halt in the latest protest strike against government austerity measures aiming to end a crippling debt crisis. Read More Here

(EUObserver) – EU wants answers on Wall Street role in Greek debt

The European Commission has said it is seeking answers following allegations that Wall Street investment banks helped Greece hide the extent of its debt. Read More Here

(Reuters) – Strike Paralyzes Greece; Protests Turn Violent

Greek public and private sector workers went on strike on Thursday, grounding flights, shutting schools and halting public transport in the second nationwide walkout in two weeks in protest against austerity plans. Read More Here

(CrainsNY) – Gov: Budget failure could cause NY depression

Gov. David Paterson attempts a town hall meeting about the state’s budget issues in Brooklyn amid rumors on his political future. Some humor emerges amid the defiance. Read More Here

(WSJ) – School Crisis Rattles Missouri

The Kansas City Missouri School Board voted Wednesday night to shutter nearly half of its schools in an effort to avoid going broke. Read More Here

(MSNBC) – Fannie, Freddie’s $125 billion tab still growing

Sixteen months after being seized, the firms remain wards of the state Read More Here

(NYTimes) – 972 Foreclosure Filings in Hawaii in February – Read More Here

(AP) – City Closes Public Schools, Stops Bankruptcy

The school board narrowly approved the plan Wednesday night to close 29 of the district’s 61 schools to try to stave off bankruptcy. The closures have angered many parents, students and teachers, but administrators say they had no choice. View Video Here

(ZeroHedge) – It’s Going To Implode: Buy Physical Gold – NOW

Evidence seems to be mounting that we are headed towards some sort of implosion in the paper Gold market, and perhaps the currency/bond markets in general. Let’s take a look: Read More Here

Evolving Economic Catastrophe: Greek Tragedy Comes to America – Bob Chapman

(GlobalResearch) – We are not going to go into the lured details regarding residential and commercial real estate, but we are going to give you some highlights. We began telling subscribers to sell real estate in June of 2005, long before anyone else. We picked the top just as we did in September 1988 at the top. Read More Here

Economic Crisis: The Sovereign Debt Bubble – Bob Chapman

(GlobalResearch) – When the next census is over America will probably have 320 million people. The number of Americans 50 years ago was about 184 million. Our budget then was about $100 billion. Today it is supposed to be $3.8 trillion. We call that spending gone wild. Government control of the economy has become bigger and all consuming at what will prove to be an unsustainable pace. Markets are telling us the world has serious sovereign debt problems as witnessed recently with the financial debacles in Ireland and now Greece with others to follow. Continue reading

The Inflationary Depression – Bob Chapman

The inflationary depression still dominates and probably will continue to do so. In time the stimulus will fail to work and the world will slip into total insolvency and deflationary depression. The old M3 is about 3%, but we still have $23.7 trillion floating around. Not only is the US bankrupt, but also so is the rest of the world. It is now only a question of when the dominos will fall. It looks like the first wave in the collapse of the bear market rally is underway. Bonds will follow with higher interest rates and eventually commodities will be hit. Only gold and silver will survive, as the bankers and Wall Street complete their destruction of the world economy. Continue reading

The second wave of mortgage defaults and foreclosures will hit the economy this year – Bob Chapman

As we have been forecasting for the last two years, the second wave of mortgage defaults and foreclosures will hit the economy this year. Not only will we have failure in prime loans and option-arm loans, but we are faced with a new crop of subprime and ALT-A loans put into motion by Fannie Mae, Freddie Mac, Ginnie Mae and FHA. In addition, we find it of great interest that the FHA is changing the rules to purchase homes. That, of course, means less homes will be purchased. Continue reading

AIG-Gate: The World’s Greatest Insurance Heist

Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee. Bob Chapman writes in The International Forecaster:

Each day brings more revelations of efforts of the NY Fed and Goldman Sachs to hide the details of the criminal conspiracy of the AIG bailout. . . . This is a real crisis on the scale of Watergate. Corruption at its finest.

Continue reading

Video: Bob Chapman – Goldman Sachs are buying guns and getting ready for the worst

(RadioLiberty) – It is the brotherhood of darkness explain Bob Chapman , the bankers have owned the government , by the American marines will never shoot at American people , if the foreign troops are brought to America they won’t leave alive says the international forecaster Bob Chapman , there will be a revolution if we cannot change things in a peaceful manner , and audit the FED , …the Goldman Sachs people know this very well , in fact they are all buying arms to their teeth and getting ready for the worst… Video Link Here

Are we in an Economic Depression? – Bob Chapman

Few professionals are yet willing to admit we have been in a depression for the last year.
You have to understand the position that economists and analysts are in. They work for corporations, insurance, Wall Street, banking and government and if they thought we were in a depression and they publicly announced that all chances for advancement would be lost or they would be squeezed out of the firm or simply fired. Continue reading

Decline in Credit Card Debt in the United States – Bob Chapman

Review of Markets – Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades. Continue reading

Video: 2055 Banks going under in the next year and half – Bob Chapman

This interview is about the fake GDP official numbers, bob then speaks about Ron Paul and his incident with Ben Stein on Larry king live, from their he touches a wide range of subjects from the audit the FED to the wars, terrorism the dollar and a lot more…

Video Link Here

The Credit Crisis is Not Over – Bob Chapman

As we look back and this year comes to an end we find two plus years of failure. Even government admits to 1-1/2 years of negative growth – a sorry record after having poured trillions of dollars into the economy. The recent 3rd quarter results supposedly broke that record. If it did it was the result of government stimulus and Fed monetization. If you look back further you will find a stock market that rallied 54% just to reflect the highs of 1999. House prices have decline to 1990s levels as well. Both markets, which were bubbles, next year will fall again. Americans opened their markets to products of Communist China’s slave labor and China became the world’s biggest exporter. Via free trade, globalization, offshoring and outsourcing, transnational conglomerates have stolen America’s destiny and handed it to China. This is what corporatist fascism is all about. Continue reading

Video: Bob Chapman’s on Alex Jones Tv – A New World Currency Based Upon Carbon!!

Alex also talks about the economy with regular guest and publisher of the International Forecaster, Bob Chapman. Continue reading

Potential For Fed To Hyperinflate – Bob Chapman

The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance. Continue reading

Investors Buy Gold… Review of financial markets – Bob Chapman

Investors buy gold when there is inflation and when there is a flight to quality. They buy gold when they no longer trust currencies, due to government or central bank profligacy. Due to those and other reasons gold has broken out to new highs. It could well be that gold may never see $1,000 again. Long ago the world’s central banks set the course for a planned collapse of the world economy to implement world government and there is now no turning back. We have proof stretching back to 1965 that intervention by the Treasury and the Fed was taking place in the gold market. Continue reading

A financial system which has almost exclusively benefited the wealthy – Bob Chapman

The American journey that began on 8/15/71 is going to end over the next several years. The problems that have manifested themselves over the past few years signal the final stages of a destructive process that has stifled production and innovation and encouraged fraud in Wall Street and banking. The injection of money and credit into the financial system via the Fed and the Treasury has almost exclusively benefited the wealthy financial sector and has spread only crumbs to American citizens. Continue reading

Upsurge of Global Leveraged Speculation: The Financial Crisis is not Over

(BobChapman) – Almost all the excessive hedge fund de-leveraging is over. Banks have continued to hold 40 to 1 leveraged positions, because they cannot exit them without a major economic recovery without going bankrupt. Our government remains trapped in the same old bubble mentality in its activist control banking and policymaking having issued $1.9 trillion in additional debt over the past year. Banks and government still do not see the warning signals. Continue reading

Good Banks Fed Toxic Waste And Turned Into Zombies – Bob Chapman

We were afraid something like this might happen, if this legislation is passed the next step will probably be something even more onerous. As you know congress has heard testimony about rolling retirement plans into Social Security. Although we don’t know that that will happen but what the Senate is doing could be a first step in that direction. We know that most of you cannot get out of your 401k without losing your job. So you don’t have much choice. Those who have 401k’s that are self directed, because they left or were forced from their employer they might consider paying the taxes and penalty if applicable. This is not a good development. Continue reading

Video: Bob Chapman’s Friday Report on Alex Jones Tv – A Consolidation of Power!!

Alex talks with regular guest Bob Chapman, the former stockbroker and editor of The International Forecaster, a twice weekly compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly and is picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week. Since 1967, Mr. Chapman has written articles on business, finance, economics and politics. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. Continue reading

Fall of the Dollar on G-20 Finance Ministers Agenda

(BobChapman) – The G-20 finance ministers meet in Scotland on November 6th and 7th, and they will all be bleating about the fall in the dollar. France started this week, and the others will follow. Their currencies are rising in value and they do not like it. Continue reading

Financial Machinations: The Global Debt Crisis is Destroying the Economic Structure

Last week the Dow added 1.3%, the S&P 1.5%, the Russell 2000, 0.2% and the Nasdaq 100, 0.7%. Cyclicals rose 2.6%; transports 3.8%; consumers 1.7%; utilities 1.3%, as banks fell 0.3% and broker/dealers fell 0.6%. High tech fell 0.2% semis 1.1%; bitoechs 1.9% and Internets rose 0.2%. Gold bullion rose $3.00 and the HUI was unchanged, but up 47.5% on the year. The USDX, the dollar index fell 1.1% to 75.62. Continue reading

US Economy: More Unemployment. Slowdown in the Pace of Job Losses

(BobChapman) – The number of Americans filing first- time claims for unemployment benefits fell last week to the lowest since January, a sign the labor market is deteriorating more slowly as the economy emerges from the recession. Continue reading

Dangers, Failures, Diversions and Shortfalls

(BobChapman) – The G-20 Pittsburgh Summit ended last Friday. Their official statements made for some novel and interesting reading. Continue reading