Bob Chapman - James Corbett Interview - Dec. 5, 2011
Bob Chapman - Radio Liberty - 05 Dec 2011
http://www.youtube.com/watch?v=gB_GXPCQTK8
http://www.youtube.com/watch?v=c6hpE2kVHpM
http://www.youtube.com/watch?v=R0qM-WRF49s
http://www.youtube.com/watch?v=c6hpE2kVHpM
http://www.youtube.com/watch?v=R0qM-WRF49s
Bob Chapman - RealNewsRadio - December 3,2011 http://www.youtube.com/watch?v=DIHgRWzAUKA
Bob Chapman - The National Intel Report 2011.12.06
FFw/JB Podcast (12/8/2011): Bob Chapman
http://www.youtube.com/watch?v=6IXFvTXjuG0&feature=youtu.beUS MARKETS
As we reach back into modern European history we see the unnatural amalgamation of 27-European countries, all of which are socially and culturally different. From our point of view the union was doomed from its inception. We lived for years in central Europe, spoke their languages and had a powerful outsider’s view of their cultures. Europe’s inhabitants generally were convinced that the union would prevent future wars and bring peace to Europe. Unfortunately, all they did was trade Perfidious Albion, Hitler and Mussolini for the Trilateral Commission, Bilderbergs and Goldman Sachs and JPMorgan Chase. The same gang that financed WWII from both sides. It is important to understand the real history of Europe, not that fed to us in universities, where almost solely the victors write the books. As you know there are two sides to everything.
There are not only 6 sovereign nations that are insolvent, but because of the interconnectivity created by the EU and the euro zone the financial misery has spread to otherwise solvent nations. They bought the debt of 6 sovereigns and it was proper that they do so. For France, as a result, they may face a double downgrade in their debt ratings.
We continue to hear that the ECB purchased all the bad debt of the banks and sovereigns to clear the decks, but under present treaty the ECB is specifically prohibited from doing so. That is why US Treasury Secretary Geithner is in Europe this week. He is to show Europe the error of its ways, change the treaties and model the ECB after the US Fed. The players won’t solve any long-term problems, but it will give Europe and the ECB the leverage to work its way through today’s problems, and as a result create some fierce inflation. The later to them is the less of two evils. The players are now all well aware that existing debt to be neutralized is at least $6 trillion and if austerity is not followed the numbers will be higher. The European economies are now falling into recession and austerity could take Europe into depression. Remember, tax revenues will fall and impair the debtors’ ability to service their debt. It now becomes clear looking at the facts that the US and Europe all have similar problems, they are all broke, along with the major banks and they know full well money and credit creation will not solve their long-term problems. The game is being moved in this direction, because there is no other direction it can be moved into.
That is why European and US leaders are attempting to change the treaties to accommodate the money and credit creation potential of the ECB.
The issuance of new Eurobonds being created to restore long-term solvency is a non-starter, as opposed to changing the rules for the ECB. Both concepts just throw debt into the future, some 50 or 100 years away.
The concept being pushed as hard as the ECB becoming the Fed of Europe is the coordination of economic policies by a committee of 8 bureaucrats and 17 Secretaries of the Treasuries from the euro zone countries. These individuals would make all budgetary and fiscal choices for all 17 countries. In such a process each country would give up its sovereignty to a small group of bureaucrats devoted to the formation of World Government.
The alternative is to abandon the euro and the euro zone, which we believe is the real answer. Write off the bad debt and get on with life. Germany could be headed in this direction. We will know as we publish this weekend if there will be a new direction. The solutions offered are really those of the US and UK. The question is will the Europeans accept them? We do not know, but we do know that Germany and the Bundesbank will not accept any blame, after all those years of sacrifice to make everyone happy. Those days are gone forever. On the other hand is Germany trying to readopt the Deutschemark? We will have a better view after the weekend. Keep in mind 65% of Germans want out of the euro, out of further debt guarantees and many want out of the EU.
************************************************************
