John Stadtmiller - July 27 2010- Robby Noel, Bob Chapman- Roundtable

John Stadtmiller - July 27 2010- Robby Noel, Bob Chapman- Roundtable

John hosts a weekly financial round table with Robby Noel and Bob Chapman. Some have said this is the best two hours in radio.

Highlights:

6:22
Bob mentioned the Fed using fronts to buy treasury paper in the Cayman Islands and other areas...Countries that don't have money are buying outrageous amounts of treasury and England being one of them. The amount of treasuries being sold, are about double the amount of money that the administration needs.

Money created out of thin air being secretly funneled to like the Bank of England and other Central Banks. Bob thinks the injection of capitol will continue into the market. But members of Congress are reluctant to authorize another stimulus program between now and the election.

The Fed is going to create the greater part of the money out of thin air by the method Bob described, but the domestic economy will be fed from a different source. When the bank borrowed a lot of money from the Fed
at zero % interest...and then took the money and redeposited it at the Fed (book keeping entries) and they were being paid 2% for doing that.

The money that is in there is in a form that is not spent, just sitting there. Many of the banks are using this money to show that they are 'healthy'.  Bob thinks the Fed will stop paying interest on it...which is pure profit from the pockets of American taxpayers to try to help to make these banks solvent again. In the absence of stimulus...the banks are going to be lending to small businesses and could take unemployment from 22% down to 20%. It will also cause enormous inflation. It will "cost" 5 trillion dollars over the next to years...to'jack up' the economy.

12:28
John asks what are the businesses going to use the money for since the customers are not there. Bob gives some answers...and added that they are "not ready to pull the plug yet".

18:25
Robby mentioned that the CBO came out after the market closed and said the the U.S. long term debt situation was one of the world's worst and that by 2030 the debt will double to 146% of the GDP.

22:19
Robby answers caller's questions about the new 1099 reporting requirements on $600. Bob said there is legislation that might repeal it. Caller asks questions about the E.U.

31:17
John asks Bob what are the 20 countries on the verge and could go under....the number is really 22.

47:52
The neocons have taken over the Tea Party along with Sarah Palin and now they say "We are here for Israel" . John mentions what one congresswoman said about Israel.

More callers, comments, news and commentary. Good information this week..
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John Stadtmiller, one of America’s true radio trailblazers with his early creation of “Republic International” (later renamed “Genesis Communications Network”), and now the “Republic Broadcasting Network”, the fastest growing truth radio station in the country.

John’s “National Intel Report” is hard hitting and to the point with information you won’t find in the mainstream media. If you believe the Constitution is the law of the land, but sense that something is seriously wrong in our country, then listen to the “National Intel Report” for the best guests, news and information!
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