Two men talking from a historical perspective

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Two men talking from a historical perspective

http://bobchapman.blogspot.com/

fujisan's picture
fujisan
Status: Gold Member (Offline)
Joined: Nov 5 2008
Posts: 296
Re: Two men talking from a historical perspective

More on Bob Chapman (and others):

 Is the Death of the U.S. Dollar Imminent? « Erstwhile Urban Wanderer

 

For a long time I’ve recognized that the death of the U.S. dollar is inevitable. It is so thoroughly debauched that it should be worthless right now, but it’s also such a vital instrument that nobody can afford to let it die, at least not yet. Moreover, as I’ve learned over the years, while it’s easy to predict what is going to happen – that’s usually just a matter of logical deduction – it’s nearly impossible to predict when it’s going to happen. I have to admit that I’ve been awed by the acumen of the powers-that-be to keep levitated the corrupt system we have today. I guess when you own the world’s reserve currency, the world’s most powerful military and have a media empire in your back pocket you can do pretty amazing things, for a while anyway.

Nevertheless, the other day I ran across an article titled, Bank Holiday Coming? Prepare?, that contained a quotation that left me sort of shaken. The quotation, attributed to Bob Chapman over at The International Forecaster, read,

Some US embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of US cash to purchase currencies from those govts, quietly. But not £’s. Inside the State Dept there is a sense of sadness & foreboding that ‘something’ is about to happen, unknown re a date—just that within 180 days, but could be 120-150 days.

...

 

Septimus's picture
Septimus
Status: Silver Member (Offline)
Joined: Aug 19 2008
Posts: 200
Re: Two men talking from a historical perspective
fujisan wrote:

More on Bob Chapman (and others):

 Is the Death of the U.S. Dollar Imminent? « Erstwhile Urban Wanderer

 

For a long time I’ve recognized that the death of the U.S. dollar is inevitable. It is so thoroughly debauched that it should be worthless right now, but it’s also such a vital instrument that nobody can afford to let it die, at least not yet. Moreover, as I’ve learned over the years, while it’s easy to predict what is going to happen – that’s usually just a matter of logical deduction – it’s nearly impossible to predict when it’s going to happen. I have to admit that I’ve been awed by the acumen of the powers-that-be to keep levitated the corrupt system we have today. I guess when you own the world’s reserve currency, the world’s most powerful military and have a media empire in your back pocket you can do pretty amazing things, for a while anyway.

Nevertheless, the other day I ran across an article titled, Bank Holiday Coming? Prepare?, that contained a quotation that left me sort of shaken. The quotation, attributed to Bob Chapman over at The International Forecaster, read,

Some US embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of US cash to purchase currencies from those govts, quietly. But not £’s. Inside the State Dept there is a sense of sadness & foreboding that ‘something’ is about to happen, unknown re a date—just that within 180 days, but could be 120-150 days.

...

 

 

I read this too... I have not seen this anywhere else. It is plausible. Does anyone have any other good info on this to support what Bob Chapman wrote?

fujisan's picture
fujisan
Status: Gold Member (Offline)
Joined: Nov 5 2008
Posts: 296
Re: Two men talking from a historical perspective

Just listen to Bob Chapman at the link mentioned by investorzzo

Also found Peter Brimelow: Schultz paints bleak picture of future - MarketWatch

The Harry Schultz Letter (HSL) was my pick for Letter of the Year in 2008 because it really did predict what it rightly called a coming "financial tsunami." But its performance in 2008 was still terrible, albeit arguably for technical reasons. ( See Dec. 28, 2008, column.)

...

In its current issue, HSL reports rumors that "Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that 'something' is about to happen ... within 180 days, but could be 120-150 days."

Yes, yes, it's paranoid. But paranoids have enemies -- and the Crash of 2008 really did happen.

HSL's suspicion: "Another FDR-style 'bank holiday' of indefinite length, perhaps soon, to let the insiders sort out the bank mess, which (despite their rosy propaganda campaign) is getting more out of their control every day. Insiders want to impose new bank rules. Widespread nationalization could result, already underway. It could also lead to a formal U.S. dollar devaluation, as FDR did by revaluing gold (and then confiscating it)."

...

 

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Re: Two men talking from a historical perspective

When I look at the posts to this thread, I am reminded that Chris Martenson recommended that we hold some amount of PM coins and trade-ables.  It's time for me to take his advice.

Larry

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