“US Dollar Will Collapse at end of 2010!!” – No idea how credible
I came across this clip posted on the Ron Paul site, http://www.dailypaul.com/node/116562. I am not familiar with the person providing this information on the link they provide, Bob Chapman, so I have absolutely no idea how credible this is (or if it is credible at all). Maybe one of you are more familiar with him? Anyway, with that pretty much total disclaimer:
“US Dollar Will Collapse at end of 2010!!Posted November 26th, 2009 by istvan32
11/25/09 Bob Chapman reports that his source at the top of the banking industry has told him that 2000+ banks are in imminent danger of collapse, the FDIC will be closed or collapsed by Sep 2010 or year end and official devaluation will happen by the end of 2010. The source has been queried about making room for a new currency.””
Ok, so I followed up with a quick search on “Bob Chapman”, and came up with some other info from and on him. I am hoping to get some time later today (after our 2nd Thanksgiving Dinner, for the other side of the family!) to check some of these out, to get a sense of whether he seems credible or not.
Here is the link:
Here are some of the links to his work ON that link:Author: Mac Slavo– November 9th, 2009
Alex Jones (infowars.com) and Bob Chapman discuss the economic crisis including the causes, manipulators, precious metals, and time frames for collapse of the financial and economic systems as we know them.Nov8written by Mac Slavo– November 8th, 2009
If you believe that the economic crisis will continue to worsen, then sitting around and waiting for it to hit you like a Tsunami is probably the last thing you should do.Nov3written by Mac Slavo– November 3rd, 2009
You should be participating in the bull markets in gold, silver and commodities. That is where safety, preservation of capital and possible large gains are to be found, both short and long term.Oct22written by Mac Slavo– October 22nd, 2009
It doesn’t take a rocket scientist to see what most economists can’t. The system is broken.Sep15written by Mac Slavo– September 15th, 2009
In his recent article, The Flight to Quality Lands on Gold, Internatonial Forecaster Bob Chapman discusses ways to protect wealth and avoid personal financial disasterSep10written by Mac Slavo– September 10th, 2009
International Forecaster Bob Chapman discusses the Chinese derivative time bomb set to explode very soon. Upon detonation it may result in a complete collapse of the COMEX gold, silver and commodities markets and pretty much a total SHTF scenario.Aug25written by Mac Slavo– August 25th, 2009
We wanted to remind our friends in the deflationary camp that they seem to be forgetting about the crony capitalist bailout mentality that is setting us up for hyperinflation.Jul11written by Mac Slavo– July 11th, 2009
Bonds are collapsing and it is only a matter of time before a complete meltdown occurs. Be on the right side or be destroyed.
Here’s another link containing Bob Chapman’s statement, http://libertyarchives.com/farlive/FS2_WED.MP3 . This one is longer, as he also answers some listener questions. I found this link at a blog post at http://www.greenenergyinvestors.com/index.php?showtopic=8141&st=1000.
It's 2016 now and still no "collapse" yet. Or maybe just as Rome wasn't built in a day it probably didn't collapse in a day either. Catherine Austin Fitts subscribes to the "slow burn" theory as the US Empire devours itself from within and we sort of see that now as the interest burden on US public debt is about to exceed the cost of the US to maintain it's military empire across the globe. There are many indicators that the "collapse" has started it's just that the masses haven't yet woken up to it yet.
I guess Bob Chapman was just another in the long line if alarmist who didn’t know how to read a chart. The dollar is outstandingly bullish and will remain so for several more years during which time the DXY will run as high as 1.20 or further. Of course that’s terrible news for just about everyone but I don’t get to make the rules.