An excerpt from Bob Chapman's International Forecaster: 10/21/06
original article
North Korea has called George and the neocons’ bluff and exploded a nuclear bomb underground. George’s answer sounded like a line from a John Wayne movie, ”North Korea can either have a future or they can have those weapons. They cannot have both.” Next we expect an invitation to the OK Corral. George’s words ring hollow and that is how empires begin to collapse. This new foreign policy fiasco, the increase in ECB rates and lack of higher US rates will make it more difficult to attract funds to fund wars, occupation, debt and the current account deficit. As we have told you previously something has to give. The first item as decreed by the Illuminati will be the end of occupations in Iraq and Afghanistan and negotiations are to begin with Iran. The elitists have to move fast because failure in the Middle East has set back their plan for world government by 20 years and the US and world economies are about to implode and at the same time have hyperinflation. This destructive event, although planned, could not have come at a worse time for this conspiracy. The window of opportunity may be open during the coming period and expose the plans of these one-world megalomaniacs. There is no more axis of evil. There is only little North Korea. Another big threat to the forces of evil is the end of the “terrorism” threat. That too will be exposed as a lie and a fraud.
The US does not have sufficient forces to win and may not have enough troops to survive. The longer allied forces stay in Iraq the more they will be ground down. There are no more reserves that can be summoned within two months. The elitists, neocon forces, are in a terminal global position. The initiative has been lost. World events will then determine US foreign policy, not the elitists. That could well be accompanied by the loss of the House and the Senate by the elitist neocons. This officially lame ducks George Bush and compounds the elitist nightmare. They have to roll all their programs back and try to stop a depression steamroller that we believe is unstoppable. This could be where we break and expose the power of the Illuminati. They have opened the window of opportunity and they may not be able to shut it. Political initiative by the US will be lost. This is what has happened in every country at the end of an empire.
You are all aware of American homes being used as ATM machines. When we declared that the recession had begun in January it was based in strong part on a diminution of value in real estate and the ability to draw against it. In 2006, we expect a fall in real estate equity withdrawal of about $1.5 trillion, money that will not be freed up for consumption. Those numbers should move over $2 trillion in 2007. That is a devastating fall in buying power. The only thing to replace it is the creation of more money and credit by the Fed and financial organizations and that is hyperinflationary.
On October the 24th the FOMC will probably leave interest rates unchanged. It’s just prior to an election and besides if they lower them the dollar will fall in value. They cannot have that because that would stop foreign investors from buying dollar denominated assets. As we said when the increases in the overnight rates paused, January was the first month that even a possibility of a change downward in rates would come about. The establishment economic hacks are looking at June as the month. We will see, as you can imagine the situation is fluid.
Just to show you how the stock market is being rigged, corporate profits rose $175.6 billion in the first quarter and only $22.7 billion in the second quarter. In the third and fourth quarters we see a further faltering. The “experts” expect 12.5% earnings growth in 2006 and the same in 2007. We see 4-5% at best in 2007. There is only so much you can see when you can be fired for telling the truth.
North Korea has called George and the neocons’ bluff and exploded a nuclear bomb underground. George’s answer sounded like a line from a John Wayne movie, ”North Korea can either have a future or they can have those weapons. They cannot have both.” Next we expect an invitation to the OK Corral. George’s words ring hollow and that is how empires begin to collapse. This new foreign policy fiasco, the increase in ECB rates and lack of higher US rates will make it more difficult to attract funds to fund wars, occupation, debt and the current account deficit. As we have told you previously something has to give. The first item as decreed by the Illuminati will be the end of occupations in Iraq and Afghanistan and negotiations are to begin with Iran. The elitists have to move fast because failure in the Middle East has set back their plan for world government by 20 years and the US and world economies are about to implode and at the same time have hyperinflation. This destructive event, although planned, could not have come at a worse time for this conspiracy. The window of opportunity may be open during the coming period and expose the plans of these one-world megalomaniacs. There is no more axis of evil. There is only little North Korea. Another big threat to the forces of evil is the end of the “terrorism” threat. That too will be exposed as a lie and a fraud.
The US does not have sufficient forces to win and may not have enough troops to survive. The longer allied forces stay in Iraq the more they will be ground down. There are no more reserves that can be summoned within two months. The elitists, neocon forces, are in a terminal global position. The initiative has been lost. World events will then determine US foreign policy, not the elitists. That could well be accompanied by the loss of the House and the Senate by the elitist neocons. This officially lame ducks George Bush and compounds the elitist nightmare. They have to roll all their programs back and try to stop a depression steamroller that we believe is unstoppable. This could be where we break and expose the power of the Illuminati. They have opened the window of opportunity and they may not be able to shut it. Political initiative by the US will be lost. This is what has happened in every country at the end of an empire.
You are all aware of American homes being used as ATM machines. When we declared that the recession had begun in January it was based in strong part on a diminution of value in real estate and the ability to draw against it. In 2006, we expect a fall in real estate equity withdrawal of about $1.5 trillion, money that will not be freed up for consumption. Those numbers should move over $2 trillion in 2007. That is a devastating fall in buying power. The only thing to replace it is the creation of more money and credit by the Fed and financial organizations and that is hyperinflationary.
On October the 24th the FOMC will probably leave interest rates unchanged. It’s just prior to an election and besides if they lower them the dollar will fall in value. They cannot have that because that would stop foreign investors from buying dollar denominated assets. As we said when the increases in the overnight rates paused, January was the first month that even a possibility of a change downward in rates would come about. The establishment economic hacks are looking at June as the month. We will see, as you can imagine the situation is fluid.
Just to show you how the stock market is being rigged, corporate profits rose $175.6 billion in the first quarter and only $22.7 billion in the second quarter. In the third and fourth quarters we see a further faltering. The “experts” expect 12.5% earnings growth in 2006 and the same in 2007. We see 4-5% at best in 2007. There is only so much you can see when you can be fired for telling the truth.
posted by 911truthnc at 6:27 PM
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