November 12, 2011Bob Chapman: European Debt Woes Spiral Out Of Control, collapse will push up metals
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.
Sarkozy, Merkel and Jans Weidmann council member of the ECB has said the ECB cannot bail out governments by printing money. He is also head of the Bundesbank and said a key lesson of what is being proposed is the hyperinflation in Weimer Republic, which followed WWI. Over in Italy PM Berlusconi, who looks and acts like Benito Mussolini has been unseated and as a result the Italian bond market is on the edge of collapse.
Continues ...read more ..
There is big pressure downward in stock and bond markets as a result and the US Treasury again attacks gold and silver hoping they can keep gold from breaking about $1,800. The PPT’s ability to achieve this is more than questionable.
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Chapman - James Corbett Interview - Nov. 8, 2011 http://www.youtube.com/watch?v=lE8ABzj28bM&feature=email
Bob Chapman - Radio Liberty 3rd Hour - November 07, 2011 http://www.youtube.com/watch?v=iIL54opt7LM&feature=email
Bob Chapman - The Financial Survival 09 Nov 2011 http://www.youtube.com/watch?v=FBV-diIcbtY&feature=email
Bob Chapman - A Marine Disquisition - 10 Nov 2011 http://www.youtube.com/watch?v=eLcHs5uhUMc&feature=email
