Bob Chapman – Economic And Financial Systems Deliberately Destabilized
- Bob Chapman of International Forecaster goes on the Alex Jones show (6 Feb) to explain how the Illuminati financial elite has engineered this worldwide financial collapse. Chapman a Wall Street insider and major gold trader before he retired explains in his insightful manner the mechanism by which the Illuminati does it. He gives a big picture of the intent of this Satanic Cabal. They are planning and implementing their Satanic New World Order, 1 World Government and 1 World Financial System —> ’666′ .
- Mr Chapman explains in Economic And Financial Systems Deliberately Destabilized :
Several months ago we said the relationship between the dollar and gold was over. The days of a lower dollar and a higher gold price are no longer connected in the same way. Gold is now trading on its own as the best of all currencies. The world is headed for zero interest rates and massive increases in money and credit. The rally in the dollar versus other currencies over the past eight months ended a month ago as we forecast. December was the watershed month for gold as it began its present rally, which will soon take it to new highs.
There isn’t a word to describe the tremendous amount of financial creation the US government will need. For that matter many other governments as well. That is why we are seeing competitive devaluations. Nation’s are carrying 64.5% of their foreign reserves in US dollars. It is no wonder they are manipulating their currencies.
The juggling game by the US Treasury and the Fed cannot go on indefinitely. The dollar has broken down and will try to keep its momentum as long as possible. The 2-year Treasury bill has risen from.70% to 1.01% and the 10-year T-note is up from 2.16% to 3.03%. That battle as well seems to be going against the elitists.
We continue to see the spectra of devaluation. It is at least a year away from this vantage point and perhaps two to three years. When it comes it will be all currencies devaluing and defaulting simultaneously, as the elitists attempt to implement a New One World currency.
This correction in Treasuries could bring derivative destruction and cause a meltdown. Such an event would push the dollar down quickly and strongly. As this transpires foreign buyers of dollar denominated assets would flow to a trickle causing terrible disruption. That would cause US and world trade to grind to a near halt. Lenders would be none-existent and we would enter a time frame when all currencies would plunge against gold, devaluation and default would follow, and then the elitists will try to force anew One World currency upon us.
Another key here is can the elitists hold the bond and stock markets up indefinitely along with the dollar and continue to suppress gold and silver prices? We know they cannot, so it is only when do the elitists want to pull the plug? We do not believe that will happen until WWIII has begun, so that they can blame their failure on the war.
Soon as a result of the growing crisis gold and silver will break out to new highs. This will happen over the next two months. There has been, as we said for the past couple of months, secret issuance of US Treasuries by the Treasury that has ballooned the money supply and that should start to show up in higher inflation in March or April. Those of you who have listened and have done your homework will reap great rewards.
The psychological affect of what has happened on Wall Street, in banking and in government has been shattering to any thinking person. Our entire economic and financial systems have been deliberately destabilized. No collapse has occurred, but collapse is in motion. The financial and economic collapse is ongoing as witnessed by raging unemployment and massive bailouts. Confidence and trust in banking and on Wall Street is gone and won’t return for sometime to come. Securities, bonds and credit instruments having been discredited no longer supply the mechanism for credit expansion. The dollar and other currencies have barely been able to sustain credibility during this last year, as witnessed by the flight to silver and gold related assets, and particularly by physical possession.
The Fed errors of 2002 and 2003, which were responsible for the housing bubble, are again taking place. As you know these events are being used as a method of extending the system until it is time to implement world government. This is why inflation is being tolerated even though its damage is attempted to be hidden by lies and bogus statistics. As we reflect the elitists should have turned back and accepted recession several times since 1987. They should have allowed the system to be purged, but that was not to be. Their ambition for world government was too strong, too great.There probably won’t be bank runs as in the 1930s. You will wake up one morning and find you are going to receive one new dollar for 10 old dollars and that new dollar will be for all nations, as they all devalue and default.The key here is business and individuals stop borrowing and finally deflation takes control.
The powers that be are not trying to save the economy. They are extending the timeline, so that total collapse will come when they want it to come. Do not underestimate what is going on. This could well he the worst financial and economic collapse of all time. This is the creation of synchronized stimulus, deficits and reflationary policy making.
What really disturbs us is that so few economists and analysts see what we see. They may, of course, be reluctant to say what they feel for fear of losing their jobs. We do see a few speaking out, but not many. It has to be that, because these are professionals and they are not dumb. Be as it may their silence is defining as our economy is being destroyed and along with it the world economy. They must at least be able to see the stage is being set for a devastating bust.
Massive government spending and reflation is not going to work, history tells us that. One thing that we know for sure is that it could take more than 20 years to recover from this crash. Another will follow the first new stimulus of $780 billion in a year of $2 trillion, and on and on. We are in a new cycle dominated by the printing press. Through all this remember “he who has the gold makes the rules.”
$30 trillion has been lost in world markets over the last 19 months and more than $1 trillion has been lost by banks. Bank losses could be as much as $3 trillion. Global trade has plunged 45%. The elitists are finding inter-connectivity works both ways. Banks have suspended letters of credit, which are used in 90% of trade. There can be no global growth when bankers refuse to or cannot lend. Global growth has ended and as we stated months ago it will be minus 3% to 5% in 2009.
One of the things that should be kept in mind is that the current economic and financial problems are five times worse than in the 1930s. In the 30s, stocks declined 89%. That would be in today’s terms a Dow of 1,260. During that fall in prices there were six rallies that rose more than 20%, which sucked in the unwary. That is why you have to recognize the trend. The economy and the financial conditions continue to weaken due to massive debt and the decreasing value of assets. The Hoover administration had the equivalent of today’s TARP, the Troubled Asset Relief Program in the Reconstruction Finance Corp. Just like today the RFC’s stimulus program and tax cuts created more spending, and the budget deficit increased some 45%. Worldwide other countries were doing the same thing just as they are today. The trick is to rekindle lending. They couldn’t do that in the 30s and they won’t be successful in doing so today.
What our masters of the universe are trying to do is cause devaluation via inflation and it won’t work, because other countries are doing the same. In time they will all agree to devalue simultaneously. During such a scenario gold and silver rise strongly. That means the market and bonds will eventually go substantially lower. That is why as gold and silver rise you should sell bonds and buy more gold and silver coins and shares. When we say the market is going down we do not include gold and silver shares.
This is why the dollar has to go lower versus other currencies and why all currencies will continue to fall versus gold.
- See also :
Professional Runs on Banks Has Begun !
Economic Meltdown 2009 – Gerald Celente, Bob Chapman & Robbie Noel
The Great Depression of 2009 – Bob Chapman
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