Sunday, August 31, 2008

MUST READ ARTICLE BY BOB CHAPMAN SUNDAY 8/31/08

Stock Markets on a Seesaw (GT: How the dollar managed to rise) EXCERPT: "The system is about to collapse. Within the next two to three months we will see the nationalization of Fannie and Freddie and a major bank failure, perhaps the largest on record that could wipe out the entire reserves of the FDIC. As this transpires, the precious metals enter their seasonal strength while war in the Balkans looms with ever-increasing tensions. Iran is also perceived as a potential trouble area. These various dire circumstances will be supportive of precious metals and oil, which are going to head much higher. We do not think the elitists can hold the system together through the elections in November. The problems are accelerating, both in frequency and in severity." FOR ENTIRE ARTICLE: http://theinternationalforecaster.com/International_Forecaster_Weekly/Stock_Markets_on_a_Seesaw