Thursday, November 27, 2008

BOB CHAPMAN'S NOVEMBER 22, 2008 ARTICLE

A Climate of Corruption, Bailouts, Currency Rigging and Unfair Competition Posted: November 22 2008 Citigroup's big problems, beggars in Zegna suits, trade wars on the horizon, Philadelphia Fed report beset by weakness, record injections of liquidity, jobs slashed on wall street, a bevy of financial indicators to ponder just how much we have fallen, market losses trim size of overall economy Citigroup’s problems are double AIG’s, which has the taxpayers and investors on the hook for $170.4 billion. We see AIG’s problems at over $500 billion so that means Citigroup could be offside $1 trillion. Citi is loaded with the same garbage AIG has. That means both AIG and Citigroup are insolvent, and you will get to pay to bail out both of them. What very few know or understand is that the financial condition of the US is far worse than realized. You have to get out of all dollar denominated assets with the exception of gold, silver, oil and gas stocks and Swiss Franc Treasuries. Be very heavy in gold and silver coins. http://theinternationalforecaster.com/International_Forecaster_Weekly/A_Climate_of_Corruption_Bailouts_Currency_Rigging_and_Unfair_Competition

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