Saturday, November 28, 2009
Bob Chapman's Dire Warning
Okay, unless you're just awaken from a coma or you're not as obsessed with the economy as I am, you've probably heard of Bob Chapman's dare financial warning. Chapman explained on Drew Raines' radio show that his sources have revealed that starting on January 1st, 2009, the federal government will require TARP banks to limit loans to 75% collateral deals.
Bob Chapman continues to say that Federal Reserve will either pull 1.5 trillions out of system by June 2010 or allow the country to descend into a hyper-inflationary depression.
Chapman also believes that we'll see a second stimulus package ranging from 400 to 800 billion dollars. What more startling is that Chapman claims that the FDIC (the federal agency that protects your bank discount)is in the hole by more than 88 billion dollars.
Public services will be drastically cut, crime will raise and the bond markets will implode.
Bottom line: The Next Stage of the Economy is Coming!
For more information,please go to Bob Chapman's site, The International Forecaster.