BOB CHAPMAN'S LATEST 2/28/09

Nothing More Than Inflation, Voodoo Finance And Smoke And Mirrors The so-called greatest economic boom in history, which supposedly took place in the United States from the end of the early 1980's recession to 2007, was nothing but an exercise in inflation and voodoo finance. It was a smoke and mirrors bull market based on Alice in Wonderland economics. The air is now being let out of the balloon as the man behind the curtain, the Fed Chairmen of that era, mainly ardent Illuminist Paul Volcker, and especially Mr. Bubbles, bonehead Alan Greenspan, are now being revealed to us as the Great Oz, who in the fairytale movie turned out to be a carnival barker and balloon rider from Kansas. How utterly appropriate. So, how low will we now go? Will it be all the way down to the Dow 1,000 of the early 1970's? Will we ride our way down to the Dow 2,000 of the late 1980's? Or will it be down to the Dow 3,000 of the early 1990's? Already, the past 12 years of gains has gone up in smoke, and this is just the beginning. http://theinternationalforecaster.com/International_Forecaster_Weekly/Nothing_More_Than_Inflation_Voodoo_Finance_And_Smoke_And_Mirrors