Deepening Crisis: Inflation, Rising Interest Rates, Surge In The Price Of Gold And Silver

TMO ^ | 4-24-2011 | Bob Chapman

[blam]

[blam]

China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings

[screaminsunshine]

Well, we are doomed. Eat Drink and be Merry.

[FlingWingFlyer]

And yet 42% of the braindead morons living in this country believe that their boy, Barry, is doing an outstanding job. Go figure!

[onyx]

Most of those people feed off the rest of us, but the ones that don’t have no excuse at all for supporting him.

[headstamp 2]

Pardon me while I suck on a shotgun..... LOL

[Migraine]

So... other than that, we’re in pretty good shape?

You know what shocked me? The writer said only 1% of Americans are in any precious metals at all.

[mlocher]

These rates and QE2 at least for the moment have been so powerful that deflation is nowhere in sight, except perhaps in job creation. In fact net inflation has moved up to 9-1/2% and we believe this year it will attain 14%, as government eventually admits to 5-1/2%, as we saw three years ago. If you think we are wrong look at producer prices that are up almost 11% over the past six months.

Thanks for the post!

How does Chapman define "net inflation"? He clearly has a metric as he quotes specific numbers. It would be nice to see the metric defined.

[Zakeet]

And yet 42% of the braindead morons living in this country believe that their boy, Barry, is doing an outstanding job. Go figure!

Actually, you asked and answered your question in your own statement

[stockpirate]

blam all weekend silver has been trading on ebay for 54-58 an oz american eagles and 10 oz bars...

ANd it’s the same thing right now. it’s going nuts.

[stockpirate]

Some one bought a hell of a lot of silver to push it to those levels....pulling back now..

[Porterville]

How do I go about shorting California and United States?

If I have 1,000 bucks- how do I maximize my money.. if I have 10 grand... how much could I make?

[stockpirate]

on ebay right now 10 silver bar is at $540.00 with 3 minutes left on bidding

[stockpirate]

on ebay right now 10 oz silver bar is at $540.00 with 3 minutes left on bidding

[fiftymegaton]

It’s correcting a little bit now. Back ‘down’ to $48.83. From what I was watching earlier.. it seems like it’ll probably stagnate for 6 hours or so and then go up another $2. Or about the time London wakes up.

(For all you prospective investors out there don’t take me literally. lol Who knows?)

[stockpirate]

I just checked ebay again and silver there is 54 an oz..been like that all weekend. someone buying it all between 54-58 an oz

[stockpirate]

looks like support at $48.86 and starting back up

[fiftymegaton]

Do you have any idea/opinion what Bernanke is goin to say on Wednesday?

[LukeL]

I have been screaming to everyone I know to invest in silver for the past 4 years. Yet no one would listen to me, I now tell them to stock up on food and water, yet again I am laughed at. I am really scared and it looks like 2012 may be very real.