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International Forecaster February 2010 (#8) – Gold, Silver, Economy + More



February 28, 2010 by · Leave a Comment 

By Bob Chapman, GoldSeek

US MARKETS

The Brotherhood of Darkness is in full retreat due to exposure of their evil machinations via the Internet and via alternative radio, television and shortwave broadcasts.  They are rushing headlong to destruction, making mistakes as they accelerate their plans to implement world government.  Within the next six months, the gold and silver cartels will be broken as physical demand overwhelms physical supply, and as the COMEX, LME, GLD, SLV and various private mints, and their multi-level scams in paper certificates, shares, OTC derivatives and futures contracts are exposed and shown to be almost totally naked.  We see gold reaching a high of $1,600 dollars per ounce during the first half of 2010, and $2,000+ during the second half, based solely on a flight to quality and a need to hedge against inflation.  If the various ongoing scams are exposed at any time during 2010, as we predict they will be, then really the sky is the limit.  We also see inflation elevating throughout 2010 due to ongoing profligate fiscal spending, ongoing bailouts and a new half trillion to one trillion stimulus package which will be arranged by our legislative and executive branches, as well as rampant Fed monetization to keep fueling stimulus packages, currency swaps and treasury and agency bond manipulations.  The national debt ceiling has been raised recently to accommodate all of this bogus Keynesian tomfoolery by delaying the seating of our new Tea Party Senator Brown from Massachusetts in true Nazi thug-ocracy fashion.

We ask, who on earth will now buy our bonds as our multi-trillion dollar Obama-ordained deficits run America into a state of bankruptcy?  Certainly not the Chinese, who are no longer buying our “worthless paper.”  They are now buying Canadian bonds and gold.  Certainly not the Russians, because they know exactly where the dollar and America are headed (i.e. where Russia was not too long ago – in total collapse).  Certainly not the US lapdog Japan, at least not since the Obama administration and the largely US government-owned car companies orchestrated a wildly exaggerated attack on Japanese auto quality.  And certainly not the Middle East, who are already swimming in treasuries and who want to start their own currency so they can finally break the dollar pegs that are driving them into inflationary hell.  Who does that leave then, you might ask?

We’ll tell you who that leaves.  The Fed, panic-stricken stock investors and the US public, that’s who!  The Fed will continue to feed money to foreign banks via currency swaps, this time in secret, and will continue to feed leveraged funds into secret Fed-supported off-shore hedge funds to invest in treasuries and agencies.  Then you will see the PPT plunge the stock markets periodically to push money out of those markets into US treasuries.  The problem there is, that although investors may buy short-term treasuries because they can’t think of anything else on the spot, they are going to be looking for other venues, like gold, silver and commodities, both because the US economy and dollar are going to be looking rather sickly, and because rising interest rates due to an increase in perceived risks is going to destroy bond values.  They will hold the bonds while the blood-letting is ongoing to take advantage of the increase in bond prices, but then they are going to have to find another location for their assets in short order when that blood-letting stops, and that means gold and silver.  After the stock markets around the world have been bled down to whatever level the PPT is told to bring the markets down to by our shadow government, guess who’s next?  That’s right, the American people and their pensions, 401(k)’s and IRA’s.       You will be offered the option to buy an annuity from an insurance company, who will fund it’s obligations under that annuity, with, well, you guessed it, US treasury bonds.  After the government gets its foot in the door with voluntary annuities, you can be sure that mandatory annuities are next.  The only problem with these proposed annuities, beside abysmal rates of return, is that after the USgovernment goes bankrupt, the US treasuries will be worthless and the insurance companies will be unable to deliver on their annuities, leading them into bankruptcy and further government takeover, and leaving you with a big goose egg for retirement income.  That is where we are headed unless you take action to stop them.

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