Bob Chapman on ‘Coast’ 8/1/09 Recap: Dollar Devaluation Slow But Sure

From: Coast to Coast AM

Economy Collapse

Date:

08-01-09

Host:

Ian Punnett

Guests:

Robert Chapman, R. Gary Patterson

Editor and publisher of International Forecaster, Bob Chapman, discussed the economic crisis, how brokerage firms such as Goldman Sachs played a part in fueling the collapse, and where he sees the economy heading into the future. He dismissed news that the economic crisis may be abating. Instead, Chapman said, we are merely seeing a “barrage of government propaganda, the psy ops that go on everyday, convincing people that everything is going to be okay.”

He decried the use of derivatives by large firms like Goldman Sachs and alleged that their nefarious activity goes even further than that. According to Chapman, these companies pay a fee to have their automated trading computers positioned closest to the central computer […]

Looking ahead to the future, Chapman foresaw the further devaluing of the dollar, estimating that over the course of the next two to three years [Bob mentioned fall again – editor], “it will lose two thirds of its value versus other currencies [Noting that the other currencies will be devalued as well. The dollar will just sink faster – editor].” He was skeptical about a one world currency, but did suggest the possibility that one could be created “for trading purposes only.” This specialized currency would allow for countries to keep their own internal monetary systems. Perhaps most troubling, he was adamant that the financial crisis will lead to a global war, saying “you can take that to the bank, if the bank is still there.”

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Entire Recap Here

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