1 vote

International Forecaster - Nobody is Smarter Than The Markets

By: Bob Chapman, The International Forecaster

http://theinternationalforecaster.com/International_Forecast...

Partial snippets :

"In reference to real money the silver trap JPMorgan Chase and HSBC have been trapped in is in all probably coming to a close. We see default somewhere between $48.00 and $60.00. The losses could be as high as $150 billion. No one knows how settlement will be carried out. There could be total default, partial default or the government could step in and supply the capital for a bailout. We do not know whether Congress or the people, will sit still for another bailout. Coming on the heels of other monetizing bailouts there could be real trouble over this monetization. JPM and HSBC could say they were just taking orders from the Fed and the Treasury and things went bad. They did this in the lawsuit a number of years ago brought by Blanchard where a secret deal was made to shut Blanchard up. It included not only JPM, but the Illuminist controlled Barrick Gold as well. If any of the three avenues of escape are used the result will be a devastating blow to the dollar."

"Incidentally, if cover or default does not occur in silver there will be a quick explosion to $100.00. We will see just how insane these elitists really are. Such an event would quickly take gold to $2,400 to $3,000 an ounce. The physical market will lead the way and eventually the real market. Futures, options, derivatives and ETFs will become a non-factor due to corruption and probably stop trading unable to satisfy contracts. If that is allowed to happen gold and silver would fully assert themselves as the only real money, particularly gold. All currencies would visibly be compared to gold, as would inflation and finely people would have a real guideline of value. The faith and reliability of the Fed would be shunted to the background as Congress finally takes a hard look at what the Fed has been up to for so long. Major changes should be on the way, because finally it will be recognized that the Fed had created a systemic collapse of the monetary system that has affected the entire world. It will be recognized the Fed destroyed the financial system, but in that process supplied resources to keep insolvent institutions afloat, some of which just happened to own the Fed. Until those institutions are allowed to go bankrupt there can be no recovery. The system has to be purged. On the other hand for now the Fed has plans to continue quantitative easing and it still remains to be seen if Congress is serious about budgetary reductions. As long as the status quo remains in tack gold and silver will rise."

http://theinternationalforecaster.com/International_Forecast...