(excerpts from The International Forecaster)
Bob Chapman
The masters of the universe flashing their Ivy League degrees and their doctorates led us to believe that there was nothing they couldn’t handle. They told us they had the experience and academic qualifications to reflate any unfolding bust. The result over the past 20 months has left us further in the hole than when we started.
Credit is barely available to the vast majority of borrowers and at usurious rates considering what banks are paying the Fed to borrow funds. Financial, monetary and economic solutions have not worked. The policy is the Treasury and the Fed throw money and credit at the mess they’ve created. All they have done is bail out the banking, brokerage and insurance communities to the detriment of everyone else. How can we expect the people who caused the problem to solve it? This is the group that created the greatest policy blunders of all-time. They have proven they are not masters of the universe, but boneheads. . . .
. . . . We are now witnessing a shift in policy. The bankers and Wall Street are still being kept afloat via massive capital injections, but we are seeing big government making sure that a pittance of stimulus falls through the cracks, like crumbs from a table, into the hands and mouths of our dispossessed citizens. These paragons of liberalism give us more socialism in place of fascism as an answer. Classically the next step is to raise taxes on the rich and vilify Wall Street and banking for their greed. This is followed by a righteous call for re-regulation. This course is accompanied by the imposition of government influence and control over everything we do.
Lawmakers only have their hands out. They do not care what is going on as long as they are paid off. There is no misunderstanding within the beltway, only greed and the quest for power. The incoherence is deliberate.
Again, the life of the depression is being deliberately extended in order to complete the wealth distribution process. Money has to be sucked from the workers within the economy until the final destructive process begins. The more protracted the depression the greater the suffering and hardship. Soon the distraction of war will begin as it always has in the past. Millions will die in order to reduce what the elitists call ‘useless eaters’. Then will come the new world order and the enslavement of mankind.
If you want to wait for this to happen so be it. If you do not want everything you hold dear to be destroyed you had better start doing something about it now. Otherwise you will be fighting in the streets for your very survival. . . .
. . . . . . The financial solution is a purge, but those running this fraud won’t allow that to happen. In the meantime, as we discussed in the last issue, the dollar has cut its ties to gold and silver. Thus the next step is a major breakout. Then both metals will take on a life of their own.
We still believe the economy can be held afloat in spite of its condition for another two years despite the increase in deflation. We still don’t see the elements of collapse, but it is on the way. Be patient, it will arrive and you won’t like it. The elements that brought about this horrible situation are starting to be recognized as the culprits and for the criminals that they are. If we were they we’d quickly go into hiding because we do not give five cents for their chance of survival. Over the next two years the impact of events will be staggering. Wall Street and banking will get their comeuppance from the public, who don’t really understand how really corrupt and deadly they are. The public is not trained to and can never understand how evil and diabolical these people are. They are willing to take down the entire world economic and financial system to bring about their satanic dreams of world government. The average decent mind cannot conceive of something so evil. These are the people who deliberately wrecked our economy via free trade, globalization, offshoring and outsourcing. America cannot ever recover unless tariffs on goods and services are imposed. The plug has already been pulled on manufacturing. Next is consumer consumption, the next three to four years in housing, then Wall Street, banking and insurance.
The collapse we see in the distance will bring about social dislocation and Martial law. The Illuminists know this and are laying the preparations now to subdue the people. The question is will our military shoot their own fellow citizens? We believe 90% will not. That 10% that attempt to will be killed by their own troops. That is why at this point we believe we can work with the American military. We expect revolutions worldwide, so we do not expect many foreign troops to interfere. Let’s say Argentina sends 30,000 troops to the US, what a perfect time and opportunity for revolution. The entire world is going to be in a terrible state of affairs.
Wait until the public finally sees evidence that our government is deeply involved in the narcotics trade and that our banks are being kept afloat by laundering the proceeds of the drug trade. Then there is the corporate chicanery and off balance sheet items, the insider trading and market rigging by Morgan and Goldman in conjunction with our government. Wait until they find out the scams in real estate, real estate securities and the phony rating services that were created by the privately owned Federal Reserve. The payback will be long and hard once the people of the world really discover what has been done to them.
The new administration promised change but we haven’t seen much as yet. We have promises of trillions of dollars of spending as credit and lending remains contracted. Yes, the thugs on Wall Street continue to be bailed out and little is done to help the average citizen.
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