Bob Chapman : never keep more than three months household operating expenses in any bank , and for a business not more than six months , businesses need to have cash flow if they do not they are stuck , pay as many bills as possible with cash , when you go to the supermarket do not use the credit card , do not use a check or some sort of other payment , pay cash ...also if you have CDs with banks get rid of them , go to gold coins and shares and if you have a lot of money you can get involved with treasuries from Canada and Switzerland , and the reason why is , if you must be in some kind of currency those currencies will stand up the best ...in the future they will be the best of the bad lot , the real answer is gold and silver related assets , also there are seven major insurance companies that are in serious trouble , there arer going to be in the future insurance companies that are going to go under , if you have cash value life policies , if you have annuities get out of them " says Bob Chapman ...you should put your money in gold and silver assets
Bob Chapman : Get your cash out of the Banks and The Stock Market - we will have Bank Holiday ande the Stock market will crash by the end of this year
Mr. 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.
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.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt