BOB CHAPMAN C2C Interview 8/1/2009 Economy Collapse [Archive]

peaceandlove

08-02-2009, 03:38 AM

:Update: Bob Chapman Coast to Coast AM 8/1/2009 Interview at Post #4

Economy Collapse

With an extensive background in counterintelligence and many worldwide contacts, Bob Chapman will discuss the economy, and how brokerage firms such as Goldman Sachs fueled the collapse.

Website: http://www.coasttocoastam.com/

Radio Affiliates: http://www.coasttocoastam.com/affiliates

I still have not found a new source online for listening live in case you're wondering Hypnotize.

peaceandlove

08-02-2009, 05:21 AM

Bob Chapman's most recent forecast:

Follow The Economic Failures To Fix The Mess

Bob Chapman
Posted: August 1 2009

More pressure on the dollar, weaker and weaker treasury auctions, large majority in favor of auditing the Fed, electric car from China to hit US next year, Wall Street resists increased transparency even now, Higher prices for oil eventually

On Wednesday the Treasury’s five-year auction yield was 2.69% with 21.15% allotted at the high and bid to cover was 1.92 to 1. The average of the past ten auctions has been 2.20%. Indirect, central bank participation was 35.7% versus an average of 36.8%. Overall that was weak demand. Do not forget the Treasury has to raise $2 trillion by 9/30/09.

The result of these mediocre to poor auctions has to be more pressure on the dollar, as budget deficits continue to widen.

Mortgage applications fell for the first time in four weeks, driven by a drop in demand for refinancing loans. Both purchase and refi loans fell 6.3%.

This is an early appraisal of the Chinese visit to Washington. There is no question the Chinese have the Illuminists stymied. The big question is has China demanded the rest of our high technology expertise that Bill Clinton was unable to deliver to them? Or have they pledged government properties to the Chinese?

Unadjusted yoy labor Department jobless claims are up 35%.

Commercial paper outstanding fell by $27.6 billion to $1.066 trillion outstanding from $1.093 trillion the prior week. In August it was $2.2 trillion. Asset backed CP outstanding rose $900 million to $437.8 billion, after falling $4.6 billion the prior week.

The Treasury’s borrowing needs have been exploding and the auctions are getting progressively weaker. This presents a serious problem for the dollar.

Continues: http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Follow_The_Economic_Failures_To_Fix_The_Mess