Quantum Pranx

ECONOMICS AND ESOTERICA FOR A NEW PARADIGM

Bob Chapman’s Friday Economic Report: Failures in money control becoming more obvious

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BOB CHAPMAN
Posted Saturday,September 25, 2010

From the last International forecaster issue :
“As usual the Fed was late in applying remedial therapy and that will prove costly. The funding of US debt by foreigners has become very costly and some are jumping ship and some are even using their dollars to buy gold. The game is changing, but will other countries risk a worldwide collapse by not rescuing the US economy? We don’t know but it doesn’t look promising. Monetization is coming and most nations are frozen in the headlights. Washington and NYC have applied pressure over and over again, but their arrogance has not gone unnoticed. There is a pretense of control as unemployment climbs and stability comes more into question. Headlining unemployment, U3, at 9-3/4% is dumb, when anyone with any sense can see U6 and the bogus birth/death ratio. Yes, unemployment is 21-5/8% and for those who want to see the truth it is visible worldwide. Real estate continues to descend, as the consumer reduces debt and consumption. ”

Written by aurick

26/09/2010 at 11:15 pm

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