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Failed Banks and Failed Billions by Bob Chapman www.theinternationalforecaster.com Re-flating a dying bubble, Greece and Euro problems fuel world markets, Lehman Bros collosal fraud, a plan to tax banks, bank failures amount to billions, signs of a vanishing recovery. Bubbles have a hard time coming to an end, especially in residential real estate. Underlying forces such as government intervention to prolong the agony and the abject stupidity of builders extends the bubbles. We are in a vast home inventory expansion and builders are going to build 535000 new homes. The projected foreclosure rate could give us as much as a 3-year home inventory, up from present levels of about a year, if one includes the lenders shadow inventory. This past week the home building index rose 7.1% and it is up 25.1% year-to-date. The retail index rose 17% ytd, yet unemployment stubbornly clings to 22-1/8%. In fact, the retail index is up 87.4% yoy. We would say that index is grossly overpriced. As you can see bubbles have a way of not wanting to die quickly. This is caused by mans disparately wanting to cling to the past attempting to take the easy way out rather than adapting to change. Government tries to keep sections of the economy alive rather than letting the cleansing process take its course. The subsidization of the housing market is doomed to failure, because there simply isnt enough money and credit available to keep it going indefinitely. All government is doing is re-flating a …
Posts Tagged ‘Jones.’
Bob Chapman’s Friday Economic Report on The Alex Jones Show 2/2
August 17th, 2010 
Pete 
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Bob Chapman’s Friday Economic Report on The Alex Jones Show 4/4
July 27th, 2010 Pete
Retirement in the worst depression in 60 years, deflation is coming, unemployed face worst odds in over 50 years, IMF specializes in austerity, banks cut lending in anticipation of conditions, Financial Crisis Commission a travesty, a setback for Poland, Florida real estate woes, Greece crisis sparks investor panic. www.theinternationalforecaster.com www.infowars.com
Alex Jones: Epic Corruption and the Whistle-blower
July 15th, 2010 Pete
Alex talks about the incredible story of Richard Fine, an attorney being held as a political prisoners in LA County Jail for over a year!! [[ Epic Corruption and the Whistle-blower ]] Cassandra Anderson www.Infowars.com April 14, 2010 The US Supreme Court will be holding a private conference hearing on Friday, April 23rd 2010, to determine whether to hold a full court hearing on corruption charges within the Los Angeles County government for illegally imprisoning attorney Richard Fine. A rally to acknowledge the US Supreme Court hearing will be held at the LA Superior Court building at 8 am Tuesday April 20th, by supporters of Richard Fines release from illegal imprisonment. Mainstream media has avoided any mention of this epic corruption scandal, despite its significance, and now it is on its way to the the Supreme Court. Richard Fine, who holds a PhD in international law and served as an anti-trust prosecutor at the Department of Justice in Washington DC, has been in jail in the LA County Jail for over a year in solitary confinement. He never had a trial, there has been no conviction, nor any sentence to keep him there. Sheriff LeRoy Baca claims he does not know why Fine is in jail, yet he keeps him there and failed to answer Fines Writ of Habeas Corpus. Baca refused to allow a filmed interview with Fine until Judicial Watch filed a lawsuit on behalf of Full Disclosure Network, and then, out of the blue, he changed his mind and granted a filmed interview with them! Fine …
Gerald Celente’s Global Economic Forecast Outlook on The Alex Jones Show 3/4
June 25th, 2010 Pete
Gerald Celente is on the record for accurately forecasting and naming the current “Great Recession”; for forecasting the 1987 Stock Market Crash, the Dot-com bust, Gold Bull Run to Begin, 2001 Recession, the Real Estate bubble, the “Panic of ‘08″, Tax Revolts, the coming “Greatest Depression” and many more social, economic, business, consumer and geopolitical trends www.infowars.com www.trendsresearch.com
Bob Chapman’s Friday Economic Report on The Alex Jones Show 3/4
June 21st, 2010 Pete
Retirement in the worst depression in 60 years, deflation is coming, unemployed face worst odds in over 50 years, IMF specializes in austerity, banks cut lending in anticipation of conditions, Financial Crisis Commission a travesty, a setback for Poland, Florida real estate woes, Greece crisis sparks investor panic. www.theinternationalforecaster.com www.infowars.com