Nationalizing the Banks

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Nationalizing the Banks

Bob Chapman : we gonna have a deflationary deflation accompanied by a war which will last for years , it is a set up it was deliberately done.....last year 80% of the treasuries were purchased by the FED which is a private bank , the FED has the ability to make up money out of thin air , it is hugely inflationary says Bob Chapman the international forecaster , he Euro zone will break up most of the eurozone countries have a deficit above 10% compared to the norm of 3% , they will keep Greece above water for a year , a year and a half through IMF injections , the US and the UK will pull out of WTO and NAFTA , , England will withdraw from the European Union ...millions are going to be laid off many companies will close doors up to 40% unemployment by the end of the year direct result of the Healthcare Bill
thousands of banks will go bankrupt by the end of the year because they want to nationalize the banks

http://bobchapman.blogspot.com/    March 16th

investorzzo's picture
investorzzo
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Posts: 1182
Re: Nationalizing the Banks

sorry March 26th

sammy's picture
sammy
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Joined: Feb 23 2010
Posts: 35
Re: Nationalizing the Banks

 Link does not work.

 

 Edit, the bottom link is the one that does not work.

 

 Thanks for all the great info. This site is the best. Sammy

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: Nationalizing the Banks

Gold and silver forecast is the link to follow for google if it doesn't come up. Or Bob Chapman

http://bobchapman.blogspot.com/

idoctor's picture
idoctor
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Re: Nationalizing the Banks

DrKrbyLuv's picture
DrKrbyLuv
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Joined: Aug 10 2008
Posts: 1995
Re: Nationalizing the Banks

Usually, I agree with Bob Chapman but not on this one.  I think banks should remain private but the creation of new money should solely rest with congress as specified in our constitution.

One subtle but important point is that the creation and distribution of new money should be separate.  Seigniorage or issuance fees could be creatively applied to eliminate the need for federal taxes - government could pay for itself.  Separation also provides checks and balances between the private and public sectors.

Larry

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