Showing posts with label SDR. Show all posts
Showing posts with label SDR. Show all posts

Tuesday, June 29, 2010

A MUST LISTEN! Bob Chapman BP oil Spill is a False Flag event in order to bring the Carbon Taxation

Bob Chapman on A Marines disquisition 24 June 2010
Bob Chapman BP oil Spill is a False Flag event in order to bring the Carbon Taxation , it is a giant scam ...Bob Chapman : Marc Faber is totally controlled he says what he is told to say , you do not set on Barron's round table for 20 to 25 years if you are someone who is outside the box says Bob Chapman.. Industrial Silver Shortage is going to keep driving the price of silver up in the next several years. Heavy Manipulation by Hong Kong Bank & JP Morgan.

Monday, June 28, 2010Bob Chapman BP oil Spill is a False Flag event in order to bring the Carbon Taxation
Bob Chapman on A Marines disquisition 24 June 2010
Bob Chapman BP oil Spill is a False Flag event in order to bring the Carbon Taxation , it is a giant scam ...Bob Chapman : Marc Faber is totally controlled he says what he is told to say , you do not set on Barron's round table for 20 to 25 years if you are someone who is outside the box says Bob Chapman ...

Mr. Robert 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.
Bob Chapman : you got to remove these people from the government
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.

Wednesday, June 23, 2010

Path To Gold Backed Money by Jim Willie via Market Oracle


http://www.marketoracle.co.uk/Article20560.html Individual investors should regard the stock market behavior as evidence of wreckage steeped with great deception. No nominal gains have been registered in ten years, which means a loss in purchase power is compounded at 5% to 7% per year. Almost no real gains have been registered in 40 years. Since 2001, gold has more than quadrupled in price, almost quintupled, while shills and sheisters ply their trade on Wall Street to denigrate it. The propaganda is unending by Wall Street and the USGovt about the nettlesome nature of gold. It pays no yield? Of course it does. Ask Warren Buffet, who earned gains from writing options on silver until he misjudged the rise, was called away, and lied to shareholders about selling too early. Some total knuckleheads actually claim that gold has not kept pace against inflation. They must not comprehend its 400+% gains in the last decade. Wake up, Karl!! In fact, they must be certified morons or genuine paid shills. Gold will continue to outperform all assets, since their trading activity is too deeply intertwined with the currencies and their national debts.

Monday, June 21, 2010

Jim Rickards - G-20 & Revaluation of Gold via Eric King's Blog on KingWorldNews.com




http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/6/21_Jim_Rickards_-_G20_%26_Revaluation_of_Gold.html
What G20 will not discuss this weekend (but probably should)
By James G. Rickards

There's a growing sense that the current global economic "Plan A", i.e. substitute public debt for private debt and use fiscal stimulus to keep economies afloat until private demand kicks in, has failed. Not surprising to many of us; it was destined to fail, but now the reality of that is becoming undeniable so leaders are scrambling for Plan B. For the U.S., Plan B is to double-down on Plan A. Others are not so sure. One problem is timing. There are several Plan B's, but they all take 5-7 years to implement, e.g. yuan as reserve asset, SDR's as a new liquidity source, etc. The two-tier Euro plan is just another Plan B although it might possibly be implemented in 2-3 years rather than 5-7.

None of these plans is totally ridiculous, but they all suffer from the same weakness which is that they depend on continued faith in paper money in a world where that faith is rapidly eroding. So the meta-political question becomes: can one or more of these plans be implemented faster than the paper currencies collapse? My spot estimate is "no". The avalanche has already started; there is no way to push the snow back uphill; it's just a matter of time before the paper money village below gets buried. Plan A and the the system it represents will collapse before there's time for Plan B.

This brings us to Plan C of which there are several: (x) chaos, autarky, neomercantilism and heavy-duty protectionism; i.e. playing to win a negative sum game, (y) draconian policy responses including seizure, delegitimization and/or taxation of private gold and forced use of paper money, or (z) gold and commodity backed currencies and a gradual return to stability (albeit with a depression between here and there). Options (x) and (y) more or less speak for themselves. Option (z) is the most interesting because it involves a host of policy choices and political considerations such as: what is the non-deflationary price at which the gold standard should be reestablished (probably $5,000/oz or higher); and who gets to participate and at what levels, (and this is where the true weakness of players like China, India and Brazil comes into sharp relief). Russia is the most interesting case because although it has a relatively small GDP (less than 3% of world GDP) it is a natural resource powerhouse which could play with the big boys in a world of commodity backed currencies. Italy is another interesting case because it is a true gold power (over 2,400 tonnes) although it is frequently lumped in with the Club Med miscreants.

Given the dynamics and cross currents, a likely scenario consists of elements of all of the above. The U.S. and China will continue to lead the world to a new regime of dollars and yuan as reserve currencies and SDR's plus IMF leverage as the key instrument for increasing world liquidity and settling international payments imbalances. As the system breaks down anyway (because of private demand for gold due to lack of faith in official solutions) one political response will be protectionism (to appease local populations) and efforts at confiscation (to put the gold genie back in the bottle). At that point, and amid the chaos, one or more countries will "go for gold" on their own to preserve wealth and the purchasing power of export income; the most likely axis here is Germany-Russia with Austria, the Netherlands, France and possibly Italy joining in. The German-Russian axis is the most natural in the world because each has what the other needs; technology and manufacturing in the case of Germany and energy and other natural resources in the case of Russia. At that point, the U.S. may have to give up its alternative paper plans and join the gold rush leaving China heavily exposed to collapse because of its shortage of gold relative to GDP. It seems likely that China sees the same scenario which explains its own rush to gold, albeit mostly from captive domestic production in the short run.

The end result is a chaotic, ad hoc, but nevertheless eventual return to a global gold standard. It would be far better for G20 to set up the processes, study groups and other mechanisms to make this an organized and efficient transition. That is the one thing I do not expect to happen this weekend.

Follow Jim Rickards on Twitter at twitter.com/JamesGRickards

KingWorldNews.com

To hear the recent in-depth interview with Jim Rickards on King World News CLICK HERE.

SDRs and World Currency - Bob Chapman on Economics 101

corbettreport.com — June 16, 2010 — June 16, 2010 — Bob Chapman the International Forecaster is a guest today of the corbettreport.com he discusses the IMF administered Special Drawing Rights and the plausibility of a world currency , the future of the Euro and the forecast for the Gold....the dollar just seems to be the best of the worst , Gold could very well become the world's currency says Bob Chapman the International Forecaster.....the Euro is dead because it is an un-natural thing Robert Chapman explains...there is no international currency that will ever work...

For more of Bob Chapman's analysis, please go to his homepage:

http://www.intforecaster.com/