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By Bob Chapman, February 8th, 2012.
There are many ways for sovereigns to sell their bonds or roll over existing bonds, and one of those wrinkles we mentioned last week. We saw European banks buying US Treasuries and that is happening. These euro banks buy Treasuries and then put them up for collateral with the ECB and purchase the three-year 1% yield repos being offered by the ECB. This is really another form of quantitative easing. It may be debt but it is also an expansion of the money supply. This little game allows US Treasury financing and if something goes wrong the ECB, the public, gets caught holding the bag. Obviously this is another part of the Ponzi scheme that the elitists are using to keep the monetary system afloat. The idea that Germany wants Greece to give up control of tax and spending decisions has met a stonewall in Greece, as one would expect. That is like financial occupation, what the Greeks went through in the 1940s. We do not think the German demands have a chance of acceptance and that $170 billion bailout will take place. The Troika has proposed extra Greek spending cuts of 1% including health spending, defense and an additional 150,000 jobs over the next three years. The IMF has said such cuts will impair any recovery, so the question arises why do they want to keep on cutting when they know the economy will experience depression? The merger of the EFSF and the ESM is off as Germany parliamentarians...
February 4th, 2012:
Set against a world in turmoil, The Matrix of Evil portrays the plight of five individuals whose bond of friendship is challenged by revolution, war, and the corruption of power.
January 6th, 2012:
American Free Press called this new book “an amazing encyclopedia” and “the final word on some of the biggest conspiracies in American history,” and I can tell you that I recommend it very highly. Florida talk-show host Bobby Lee said, “The Introduction alone is worth the price of the book.”
July 13th, 2011:
How Wall Street Fleeces AmericaThe 1913 Federal Reserve Act let powerful bankers usurp money creation authority in violation of the Constitution's Article I, Section 8, giving only Congress the power to "coin Money (and) regulate the Value thereof...." Thereafter, powerful bankers used their control over money, credit and debt for private self-enrichment, bankrolling and colluding with Congress and administrations to implement laws favoring them.
How Wall Street Fleeces America
The 1913 Federal Reserve Act let powerful bankers usurp money creation authority in violation of the Constitution's Article I, Section 8, giving only Congress the power to "coin Money (and) regulate the Value thereof...." Thereafter, powerful bankers used their control over money, credit and debt for private self-enrichment, bankrolling and colluding with Congress and administrations to implement laws favoring them.
November 24th, 2010:
As a reader of The International Forecaster you already know the U.S. Dollar is in trouble. In fact irresponsible politicians, dependence on foreign creditors, metastasizing debt, and the Federal Reserve’s monetary malpractice guarantee a dollar calamity! I want you to read THE DOLLAR MELTDOWN, a brand new book by my friend Charles Goyette.
The Dollar Meltdown: Surviving the Impending Currency Crisis with Gold, Oil, and Other Unconventional Investments
August 19th, 2010:
Breaking the Demopublican Monopoly --2004 publication.
August 19th, 2010:
Barbarians Inside the Gates: The Viper's Venom
August 19th, 2010:
A Guide Book of United States Coins 2011: The Official Red Book
August 19th, 2010:
Brotherhood of Darkness |