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.
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
Tuesday, June 8, 2010
Bob Chapman on Discount Gold and Silver Trading 07 June 2010
Bob Chapman: 2035 Banks in Serious Danger, FDIC to End, Dollar Devaluation by 2010
2035 banks are in immanent danger, not 552
FDIC to be officially ended by end of this year, or by end of 2010
Banks told to make room for new currency, and dollar devalued by end of 2010
Monday, June 7, 2010
Bob Chapman : Gold at $36,000 Not as Ridiculous as It Sounds?
Gold at $36,000 Not as Ridiculous as It Sounds?
CNBC.com | May 26, 2010 | 07:20 AM EDT
Gold has reached record highs in recent weeks, but it will continue to rise, Ben Davies, CEO of Hinde Capital told CNBC Wednesday.
Gold should be viewed not as a commodity, but as a cash supplement, Davies said.
“There’s been such proliferation of currency,” he said. “As a consequence, gold is very undervalued.”
“I could be really obtuse and say $36, 000,” he said. “But actually it’s not as ridiculous as it might sound.”
If all the reported Fort Knox gold was re-valued at $36,000 per ounce, it would pay off all the debt in the US, he said.
On Monday, Dennis Gartman reversed his call for gold investors to rush to the exits, saying the precious metal was no longer overbought, but also warned that it was a technical call and he is "not a gold bug."
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.
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.
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
Sunday, June 6, 2010
JP Morgan Class Action Suit will lead to silver explosion
Saturday, June 5, 2010
Friday, June 4, 2010
Bob Chapman on The Bilderberg Meeting with Jim Tucker - The Alex Jones Show Fri June 04.2010
Bob Chapman on The Bilderberg Group
Alex Jones welcomes back to the show the United Kingdom Independence Party Member of the European Parliament for South East England, Nigel Farage. Mr. Farage was recently injured in a plane crash in Northamptonshire. Additional guests include British journalist for the Evening Standard and The Guardian, Charlie Skelton, who is covering the Bilderberg confab in Spain, legendary Bilderberg hound and journalist for the American Free Press, Jim Tucker, and regular guest Bob Chapman, publisher of The International Forecaster. Alex also covers the latest news and takes your calls.
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.
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.
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
Thursday, June 3, 2010
Bob Chapman on Gold and Silver Trading June 2 2010
Extract of THE INTERNATIONAL FORECASTER of SATURDAY, MAY 29, 2010 :
"The Greek tragedy continues as the IMF and others get ready to fund not only Greece, but all the PIIGS as well. That includes Canada, the UK, which has refused to contribute, because they are broke, and the US whose end will be about $60 billion. Greece is rolling their old debt in order to bail out the banks. It won’t be long before Spain, Portugal, Ireland and Italy will be doing the same thing. The other euro zone members are saying why should we bail out these countries, which in turn are bailing out banks?
These euro zone countries are saying all we did was what everyone else was doing. Governmental debt has hit unprecedented levels worldwide. It is now called a sovereign debt crisis. Any recovery in any of these countries will remain anemic as long as this situation exists. More debt is being created via stimulus in some countries, and in others austerity has begun. In the US real growth is only 1.3%, and that is fading fast having fallen from 6.5% in the fourth quarter.
The top participant was penalized in 1985 at the Plaza Accord and in 1987 at the Louvre Account and as a result entered depression in 1992. That is Japan. Their debt is now 200% of GDP. Structural impairment still sticks out like a sore thumb. They are trapped in the same quandary, as Europe is, growth via debt. It is interesting to note that if global military spending of $1.5 trillion ended there would be o trouble funding debt. The US spends more than $600 billion a year, or over 40% of the world’s total, so they can bludgeon the world’s inhabitants into doing what the US wants them to do, it is called tyranny."
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.
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.
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
Wednesday, June 2, 2010
The World is On The Verge of WW III : Bob Chapman John Stadtmiller - June 01 2010- Robby Noel - Roundtable
GOLD, SILVER, PLATINUM AND PALLADIUM
John Stadtmiller - June 01 2010- Robby Noel, Bob Chapman- Roundtable
Description:
John Stadtmiller - June 01 2010- Robby Noel, Bob Chapman- Roundtable
____________________________________________
John hosts a weekly Financial Roundtable with Robby Noel and Bob Chapman. John is on the RBN network with his own show called The National Intel Report and runs the network as well. Some say this is the best two hours in radio.
______________________________________________
John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
_________________________________________________
RBN has some of the best informative shows out there. Their archives are only $1.33 per month. I suggest supporting them and then you don't have to wait for their shows to be uploaded here.
Highlights:
RBN is now on KTMR 1130 AM Converse, Texas serving nearby San Antonio....Austin and Dallas/Forth Worth are next. Indianapolis is coming soon.
Unemployment is about 23 % in the United States. John mentions that he has been doing this type of show for 20 years because the media isn't doing their job. He goes on to mention that the mainstream media listens to him even though they can't report on the truth.
Bob says with the situation with Israel...Gold should be up $50.
John mentions that the Israeli's scoop up raw sewage and shoot it on Palestinian homes. The only country that hasn't condemned Israel is the United States.
Turkey is going to send a couple of warships to Gaza. You have to go to a foreign news source like Russian TV to get the truth on news about Israel. (Note: RT Russia Today video clips are available on You Tube).
John mentions that some Orthodox Jews don't believe in Israel because the only way they could have a country is when their Messiah comes back. This fact is heavily censored by mainstream media.
Robby again mentions about that Christian Zionism film and John offers to give John Hagee's parishioners free copies of the film. John went on to mention that he is going after Hagee with a vengeance.
Overall, this was a very good program .
Extract from the THE INTERNATIONAL FORECASTER of SATURDAY, MAY 29, 2010 : "
On Wednesday spot gold rose $13.50 to $1,213.30, as June traded up $13.40. Spot silver, which has been up $0.54 ended there, but didn’t fare that well in July, ending up $0.39. At one time gold was up $17.00. The dollar continues to rally, or should we say the euro continues to tank. When the USDX was 89 last year and gold was $900 an ounce. Today gold is over $1,200 an ounce. The dollar was strong, but gold was stronger. The euro should be basing out over $1.20. If that happens the dollar head and shoulders will be completed. The dollar will either break out higher, which we doubt, or it will break down and test 74 again. The elitists have to inflate or the system collapses. Inflation, which is currently 8%, will soon turn into hyperinflation. Already the administration is asking for $100 billion. It will take a minimum of five times that to keep the economy from slipping into oblivion. GLD supposedly gained 47 tons in two days. That explains why the derivative market was so busy. Like Germany and Switzerland, gold is being used as money in Greece. This reflects the insanity of governments and those who control them. It also proves that the only way you can protect your assets is by owning gold. Soon Americans will catch on and the stampede will be on, only with none being offered. June open interest is very large at this juncture – some 156,156 contracts, which go to first notice on May 28th. They must be paid to stand for delivery, sold or rolled. That is 15 million ounces of gold or five times dealer inventory, or 21% of global annual production. The word in from Australia is that the definition of super profit has been increased to 11-12 percent from six percent. These people are true idiots."
Monday, May 31, 2010
Bob Chapman : Fiat Money And Schemes Collapsing
Bob Chapman on The Goldseek Radio 29 May 2010
Goldman Sachs will get a hand slap, the Greek Tragedy continues, signs of growth not real, more market manipulation to report on, never incremental news, a broken system of risk-free trade and return
The DOE reported crude oil inventories up 646,000 barrels, gasoline fell 3.19 m/b and distillates rose 1.52 m/b.
The commercial paper market fell again by $2.6 billion to $1.073 trillion.
Goldman Sachs wants to settle with the SEC exactly as we predicted. They would neither admit nor deny and be fined $1 to $ 2 billion, which is chump change to them.
Lehman is seeking return of $8.6 billion that JPMorgan Chase seized before Lehman filed for bankruptcy. The claim is Morgan had unparalleled inside knowledge. There is no honor among thieves.
Part of the deflationary mode is borrowers are paying down debt and saving at a 3.4% rate. It could be the elitists, as we speculated months ago, want to take down the entire world financial system in the next 1-1/2 to 2 years. Hi Ho stimulus. The fiat Ponzi scheme is collapsing.read more >>>
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.
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.
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
Friday, May 28, 2010
Bob Chapman on The Alex Jones Friday 28th May 2010
Bob Chapman on The Alex Jones Friday 28th May 2010
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.
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.
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
Sovereign credit-default swap transactions face mandatory disclosure
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.
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.
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
Thursday, May 27, 2010
BOB CHAPMAN Dr Deagle Show 26 May 2010
Liquidity Forecast for the World Economies
European rescue of economy not unlike the Fed rescue, war a real threat, echoes of the loss of the gold standard, another reflationary wave to come, currencies to succumb, consequences of Europe for Americans, US banking system under significant stress, new T-bills to sell, election funding changes, more about real property defaults...
This past week the Dow fell 4%, S&P 4.2%, the Russell 2000 fell 6.4% and the Nasdaq 100 fell 4.4%. Banks fell 5.4%; broker/dealers 4%; cyclicals fell 5.6%; transports 5.5%; consumers 3.4%; utilities 4.3%; high tech fell 3.7%; semis 1.3%; Internets fell 4.2% and biotechs 4.2%. Gold bullion fell $56.00, the HUI gold index fell 11.4% and the USDX, dollar index, fell 0.8% to 85.38.Read more >>>
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.
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.
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
Wednesday, May 26, 2010
Bob Chapman - John Stadtmiller - May 25 2010- Robby Noel, - Roundtable
Highlights...
RBN to start broadcasting on AM stations in Texas, Oklahoma, Colorado and Indiana. Public Servant Questionnaire Public Law 93.579 applies to Census workers. One false move by Europe could set off a chain reaction. 19% increase in foreclosures from Feb to March. Oil taxes could increase 4 times. Glenn Beck lost 50% of his TV audience in the last couple of months.
As usual lot of great information here...
____________________________________________
John hosts a weekly Financial Roundtable with Robby Noel and Bob Chapman. John is on the RBN network with his own show called The National Intel Report and runs the network as well. Some say this is the best two hours in radio.
______________________________________________
John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
Tuesday, May 25, 2010
Bob Chapman : Dysfunctional Markets That Change Every Hour
Bob Chapman on the Sovereign Economist 19 May 2010
extracts from the latest issue of the International forecaster :"
markets too hard to follow, Euro bailout continues to fail, Fed the source of liquidity for ECB, Bank failures and home losses continue, layoffs rise, Goldman Sachs likely to payout for SEC suit, California pension pressures, deflation fears,
Keeping up with today’s dysfunctional markets is very difficult because they change hour by hour. The problems of Europe have stolen center stage from US problems. The focus is on Europe, but we all should remember trillions of dollars have been injected into the US financial system since mid-2007. All are attempting to maintain the façade that all is well, when in fact all is not well. Underlying assets are worth far less than their stated value. As a symptom of this corporate bank lending has fallen off a cliff and in Europe it doesn’t exist. Without such lending there can be no recovery. The American implosion will now be repeated in Europe. The green shoots of recovery have now turned into poison ivy. The abyss has again been filled with more debt and more fiat currency. In the process the Fed and now the ECB have lost all credibility.
The $1 trillion initial package to save the euro thus far has been a failure as the euro continues its decent. This bailout plan has US fingerprints all over it. The elitists figured they could take down the entire system in 1-1/2 to 2 years, but the poster child Greece didn’t cooperate, so all their plans have been split asunder. As far as the bailout is concerned will the effort be stopped in German courts and will the austerity programs in the weak countries work? Greek citizens say no. We will just have to see if they are serious. Do not forget that the bogus books in Greece are nothing different than almost all nations have been engaged in. Greece is no better or worse than the rest. Again, like the US, Europe is only trying to buy time. In fact, Mr. Trichet and Mrs. Merkel tell us officially that is what they are up too, buying time. This is not a situation where Greece acted alone; every nation has been doing something very similar. What is different this time is that the Greeks have responded with rage over the past month. As a result of that, the falling euro and skepticism as to whether the stimulus will work has pushed acceptance in the wrong direction.
Needless to say, all these machinations have led to deep disappointment in the wealthier EU member countries. At this point we don’t see cooperation between Greeks and their government and the bureaucrats led by a Bilderberger. On the other side the other members of the EU and the IMF refuse to conduct a bailout, which is supposed to protect the members. The Greek government may have signed the treaty, but the Greek populace hasn’t. Stringent austerity measures are not something they’ll stand still for encompassing the next ten years."
Bob Chapman on Discount Gold and Silver Trading 24 May 2010
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.
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.
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
Monday, May 24, 2010
Bob Chapman : Mortgage purchase applications sank 27.1 percent to the lowest level since May 1997
Bob Chapman on Dr Deagle Show
Bob Chapman the global economy is failing , Extract from THE INTERNATIONAL FORECASTER of SATURDAY, MAY 22, 2010 :
"
Mortgage purchase applications sank 27.1 percent to the lowest level since May 1997 in the absence of the popular government support, the group said. U.S. housing groped for footing after more than a year of homebuyer tax credits worth up to $8,000 expired on April 30. Requests for home purchase loans have fallen almost 20 percent over the past month despite low borrowing costs. "It's disturbing," said John Canally, economist at LPL Financial in Boston.
"It seems that every other data point for housing is pretty good -- high affordability, low interest rates, relatively low inventory, home prices are up -- so I'm leaning toward the hangover from the tax credit but I'm going to need to see a couple of more weeks of data." Overall loan requests were down 1.5 percent, on a seasonally adjusted basis, in the week ended May 14, cushioned by a 14.5 percent jump in mortgage refinancing applications as home loan rates neared historic lows.
Average 30-year mortgage rates fell 0.13 percentage point last week to 4.83 percent, the lowest since last November, the MBA said. The record low was 4.61 percent in March 2009, based on the group's survey, which has been conducted since 1990.
Refinancing applications jumped to a nine-week high and accounted for about 68 percent of all applications last week.
But buyers took a low profile after rushing en masse to take advantage of the tax incentive. "The data continue to suggest that the tax credit pulled sales into April at the expense of the remainder of the spring buying season," Michael Fratantoni, the industry group's vice president of research and economics, said in a statement.
The MBA separately reported that total U.S. home loans that are late paying or in foreclosure eased in the first quarter but remained near record highs, largely because the country's unemployment rate remains elevated.
One out of seven U.S. households with a mortgage ended the first quarter late on payments or in the foreclosure process.
With the tax credits gone, home shoppers will take more time to find the right property, said Marc Demetriou, branch manager/mortgage consultant at Residential Home Funding Corp in Bloomingdale, New Jersey.
"Unemployment is definitely still an issue and inventory is still an issue, but it's definitely a buyer's market," he said. However, "people that were serious about buying worked very hard and spent a lot of time and effort to find the right house to get in for April 30," when the tax credit expired,
U.S. borrowers have gotten a hand from Europe, on worry that roughly $1 trillion in emergency funding might not be enough to stabilize euro zone debt markets. Investors have fled for the safest securities, slicing the U.S. Treasury yields that are used as a peg for mortgage rates.
Low borrowing costs and stabilizing home prices are being offset by the near double-digit U.S. unemployment rate and a looming supply of foreclosed properties yet to hit the market. The worst of the housing crisis is over but recovery will be long and slow, most economists agree."
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.
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.
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
Sunday, May 23, 2010
Bob Chapman , John Stadtmiller - May 11 2010- Robby Noel, - Roundtable
John hosts a weekly Financial Roundtable with Robby Noel and Bob Chapman. John is on the RBN network with his own show called The National Intel Report and runs the network as well. Some say this is the best two hours in radio.
______________________________________________
John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
_________________________________________________
RBN has some of the best informative shows out there. Their archives are only $1.33 per month. I suggest supporting them and then you don't have to wait for their shows to be uploaded here.
Bob Chapman on The Greek Debt Crisis
Bob Chapman on The International Forecaster of 22 May 2010 wrote "Goldman Sachs Group Inc. racked up trading profits for itself every day last quarter. Clients who followed the firm’s investment advice fared far worse. Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who adopted the New York-based firm’s advice, according to data compiled by Bloomberg from a Goldman Sachs research note sent yesterday. Clients who used the tips lost 14 percent buying the Polish zloty versus the Japanese yen, 9.4 percent buying Chinese stocks in Hong Kong and 9.8 percent trading the British pound against the New Zealand dollar. The struggles for analysts at Goldman Sachs, which is fighting a fraud lawsuit from U.S. regulators who accuse the company of misleading investors in a mortgage-linked security, show the difficulty of predicting market movements as widening budget deficits, a fragile global economic recovery and tighter financial regulations increase volatility. Stock and currency fluctuations rose to the highest in a year this month as Europe pledged about $1 trillion to stop a debt crisis in the region."
Saturday, May 22, 2010
Bob Chapman Friday 5/21/2010 Economic Report on Alex JonesTv
Robert Chapman is the editor and publisher of the International Forecaster, a publication that covers business, finance, economics, and social and political issues all over the world. Mr. Chapman has spent 45 years in the finance and investment business, 28 of which were as a stockbroker, specializing in gold and silver shares. For a number of years he owned his own brokerage firm.
Mr. Chapman attended Northeastern University and spent several years in counterintelligence with the US government. He has made a number of very important predictions and is probably one of the most unpopular people in Washington, DC, as he spares no one in government who is not doing what they should be doing.
Friday, May 21, 2010
Bob Chapman on Goldman Sachs proprietary trading
"Goldman Sachs is ceasing proprietary trading in one type of structured debt. A group of traders who were focused on making bets on collateralized loan obligations with the New York-based firm’s own money are now handling trades for clients.
Morgan Stanley Chief Executive Officer James Gorman denied allegations the U.S. bank misled investors about mortgage derivatives it sold them. The firm is being probed by U.S. prosecutors over whether the bank misled clients when it sold them collateralized debt obligations as its own traders bet that the value of the securities would drop. Wall Street firms are facing unprecedented scrutiny from lawmakers and prosecutors over whether they mis-sold CDOs linked to the subprime mortgages that caused the credit crisis.
The fallout from the European debt crisis raises the risk of a ‘double dip’ recession for the global economy, said Stephen Roach, chairman of Morgan Stanley Asia Ltd. ‘When you have a vulnerable post-crisis economic recovery and crises reverberating in the aftermath of that, you have some very serious risks to the global business cycle,’ Roach said. This concept of the global double dip which no one wants to talk about is alive and well." extract from the International forecaster of 19 May 2010
Thursday, May 20, 2010
Bob Chapman -John Stadtmiller - Robby Noel, Roundtable - May 18 2010
Highlights...
Germany banned short selling, California might go the way of Greece and Spain. Bob mentions that Silver could go to $50 if Gold goes to $2400.
John plays a audio clip of Zbigniew Brzezinski in Montreal who says a global awakening of the people is feared by the elite.
Robby tells John about the Meltup video. Robby goes on to mention that the video says silver could go to $72. Robby could not find any fault with the video. (Meltup is available on Concen, as well as Youtube).
At 48:00 John plays a interesting clip from Michael Savage's program, the caller is a real clueless woman (this alone needs its own torrent!).
A caller asks Bob if he knew Myron Fagan who made the Illuminati recordings. John mentions the recordings helped wake him up to what was going on.
There could be a investigation of Glen Beck and Goldline. Much much more......
John hosts a weekly Financial Roundtable with Robby Noel and Bob Chapman. John is on the RBN network with his own show called The National Intel Report and runs the network as well. Some say this is the best two hours in radio.
______________________________________________
John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.
John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
RBN has some of the best informative shows out there. Their archives are only $1.33 per month. I suggest supporting them and then you don't have to wait for their shows to be uploaded here.
Tuesday, May 18, 2010
Bob Chapman : Germany is headed to Riots
The Morality Of The Financial Monetary System Is Really What is Broken
The Obama-Dodd-Frank Frankenstein Fed Big Bankster Bailout Bill, schemes and frauds went on for too long, bring back the Glass-Stegall Act, Vampire squids run the economy, alternatives to the financial establishment are threatened with regulations, reform bills are toothless...
What do you get when you cross a Dumbo with a Jackass? Answer: You get a dumb-ass, overweight US politician with a sterile mind who executes every order that comes from our Shadow Government like some sort of mindless automaton. In fact, we no longer have even a bogus two-party system with Dumbos and Jackasses. We note that there was never a dime's bit of difference between the two parties in any case (ask Herbert Hoover), but that is even more true today than it was during Hoover's administration, as the one world agenda, which both parties subscribe to, moves forward with lighting speed. Since we really only have one party now, we thought that we should take this opportunity to dub it the "Dumb-ass" party, seeing as how this party is now hell-bent on destroying our country, and themselves with it. If we are now starting to sound like the Mogambo Guru, so be it.
Case in Point: The Obama-Dodd-Frank Frankenstein Fed Big Bankster Bailout Bill (hereinafter referred to as the ODFFFBBBB). We thought that we would give credit for this toxic legislation to the three people most involved in sponsoring this bill who also happen to be three of the highest paid politicians in terms of their bankster-gangster campaign contributions. So we have Obama," Dodd, the whipping boy, gopher and yes-man for Wall Street who has never seen a bill that favored big bankster-gansters that he didn't like, and Frank, who compete's with Dodd for the post of top Wall Street whipping boy. What a motley crew (with no offense intended to the heavy metal band "Motley Crue," who are paragons of virtue compared to this group of miscreants).read more >>>
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.
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.
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
Monday, May 17, 2010
Bob Chapman : The Algorithm Trading is front running the SEC protects the big businesses at the expenses of the small ones
Bob Chapman on Goldseek radio 15 May 2010
The Algorithm Trading is front running and it is illegal , number too naked shorting is illegal and they do nothing about it...the SEC protects the big businesses at the expenses of the small ones
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.
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.
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
Sunday, May 16, 2010
Saturday, May 15, 2010
Bob Chapman Gold going to $7500 an ounce by the end of the next year
Bob Chapman On The Alex Jones 14 May 2010
May 15, 2010 — Friday guest Bob Chapman, a former stockbroker who has written numerous article on business, finance, economics, politics, and publishes The International Forecaster. Extract from the International Forecaster of 15 May 2010 :
"GOLD, SILVER, PLATINUM AND PALLADIUM
Gold open interest rose 6,636 contracts to 583,954. We should reach $1,300 over the next several days. The gold and silver Comex and share shorts are getting buried, and that is going to continue. Gold is now recognized as a currency again. What is paramount is that the US government’s suppression of the gold and silver markets is coming to an end. Secondly, the world, except for perhaps 10% of its inhabitants, are not in gold and they all are potential buyers. The XAU rose 1.81 to 186.08 and the HUI rose 3.39 to 491.76. "
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.
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.
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
Friday, May 14, 2010
Bob Chapman : Gold Is A Good Bet When Sovereign Nations Are Imploding
There are only two kinds of gold and silver to own. Physical gold and silver that are located above the ground and that are also in your possession (which can be owned via coins, bullion, jewelry, etc.), and physical gold and silver that is located below the ground (which can be owned through producer shares which represent an ownership interest in the ore containing the raw and unprocessed metals). That is because while owners of bogus paper interests in above-ground gold and silver such as ETF shares, COMEX and LBME contracts, mint certificates and OTC derivative contracts in gold and silver are subject to fraudulent claims of ownership, storage, possession, inventory levels, security issues, insurance issues and metal content, those who take physical possession of their above-ground gold and silver need only worry about security and insurance issues (easily resolved with a private safe/secret hiding place and a call to your insurance carrier) and the metal content of their physical gold and silver, which metal content is really only a concern for the larger bars of gold bullion which recent events reveal might be "tungsten-salted." One further concern is honesty and fair dealing in making purchases outside of any exchange through dealers. We can provide you with a list of dealers on request who will treat you fairly so you can buy your metals at a fair price in types and quantities that are right for your situation. Liquidity of physical metals in your possession is not a problem, although it requires more effort to liquidate than doing transactions on an exchange accessible via your computer. Don't get lazy - buy physical!
read more >>>
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.
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.
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
Thursday, May 13, 2010
Bob Chapman : The whole financial system is coming down
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.
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.
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
Wednesday, May 12, 2010
Bob Chapman : Europe and America Morally and Financially Bankrupt
Greece Bailed out, 19 more nations to go, Greeks not ready to submit to austerity, Gold is the antithesis of Fiat money, false hope for jobs, Goldman Sachs under investigation, but they make money every quarter regardless...
Greece has its immediate financing. Now the question is can they follow the prescription? In all likelihood the answer is no. the bond markets are reflecting that via a lack of confidence. In fact, some bond markets are falling apart and there is no end in sight. We have bond rating firms lowering ratings, as the rating services themselves are under serious fire and we do not believe they will be around long. The big question is why did it take two years and 10 months to react?
There are 19 nations with serious sovereign debt problems and there is really no way back for them. They may as well all default, because the austerity programs they’d have to follow and at the same time to satisfy creditors, not only is impossible but it signals years of stunted growth and perhaps in many cases the possibility of revolution. Greece certainly fills that bill. We see the Eurozone rules may soon be changed, so that Eurozone participants can assist one another. That means in time they will all collapse together. As many as five members could need assistance of the 16 in the zone. Our guess is permanent bailouts will go forward and the ECB rules will be changed to allow the ECB to function like the Fed. Greece and many others are trapped and they will burden the healthy nations and neutralize them. This approach is the ECB nuclear option. It will destroy the zone eventually. This will destroy the euro and end the option of the euro becoming the world reserve currency. The zone would have adopted the same approach as the US and UK in destroying their currencies. How can you have a union with one interest rate, where the ECB controls the monetary policy, but cannot control the budget deficits, borrowing and spending activities of its members?
read more >>>
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.
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.
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
Tuesday, May 11, 2010
Bob Chapman : The Bilderbergers are running Greece
gold and silver price will fly soon
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.
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.
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
Monday, May 10, 2010
Bob Chapman : black box Trading triggered from Hedge Funds in Europe triggered the Dow Collapse
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.
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.
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
Sunday, May 9, 2010
Bob Chapman on The Economy Collapse
fueling the collapse, and where he sees the economy heading into the future. He dismissed news that the economic crisis may be abating. Instead, Chapman
said, we are merely seeing a "barrage of government propaganda, the psy ops that go on everyday, convincing people that everything is going to be okay."
He decried the use of derivatives by large firms like Goldman Sachs and alleged that their nefarious activity goes even further than that. According to
Chapman, these companies pay a fee to have their automated trading computers positioned closest to the central computer of the New York Stock Exchange,
which processes incoming and outgoing trades. "Because of its proximity, in nanoseconds," Chapman explained, the computers, and thus the firms, become
"privy to orders before anybody else is and they are able to counteract what is going on with the orders, in order to make a larger profit."
Looking ahead to the future, Chapman foresaw the further devaluing of the dollar, estimating that over the course of the next two to three years,
"it will lose two thirds of its value versus other currencies." He was skeptical about a one world currency, but did suggest the possibility that one could
be created "for trading purposes only." This specialized currency would allow for countries to keep their own internal monetary systems. Perhaps most
troubling, he was adamant that the financial crisis will lead to a global war, saying "you can take that to the bank, if the bank is still there."
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