August 25 2010: Greece forced into a harsh reality, madness, next is Spain, Portugal and Italy to be sold to IMF servitude for decades, twenty countries now headed into bankruptcy, no relief from unemployment, reduced US GDP, a million jobs to be lost... nightmares for the economy ahead.
Debt is everywhere and it certainly is onerous. We all have heard about the sovereign debt crisis, the debt of Greece and the debts of Ireland, Spain, Portugal and Italy. During that process the euro fell from $1.50 to $1.187; which gave euro zone exporters quite an advantage. The euro has since rebounded to a high of $1.33 and for now settled in near $1.28. Business confidence is back, but in the meantime the next course of action is to be higher taxes and austerity. Even consumers believe things are not going to improve. They all probably see the advantages of a cheaper euro. Even the CDS premiums have disappeared, which means at least for now the crisis has been arrested with a Band-Aid called loans – loans that will take these countries years to repay accompanied by years of depression. As a result, Greece is on the edge of revolt. read article >>>
Mr. Robert Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients. Bob Chapman : you got to remove these people from the government Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.