Fed Wealth Grows While Others Drown In Debt

An excerpt from Bob Chapman's weekly publication.
December 1 2010: The Fed grows richer at our expense, Wikileaks news links, desperate things for desperate people, the clarion call of gold, black friday unremarkable, countries drown in the debt of other countries.

The Federal Reserve’s balance sheet grew a 4th straight week to $2,328 trillion, up $31 billion in a week. In May the balance sheet was $2,333 trillion.

Holdings of government securities totaled $901.24 billion, and rose $27.62 billion. Mortgage holdings were unchanged and Agency holdings fell slightly.
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Bob Chapman : The Euro will collapse just a matter of time

Bob Chapman on Radio Liberty 29 Nov 2010

Bob Chapman wrote in the International Forecaster of the 1st December 2010 : "....On a European note, Germany cannot keep paying for bailouts without going bankrupt itself. Germany is drowning in the debt of other countries.


Assets under management in commodities hit a record high of $340 billion in October.


A very important event is that China and Russia are going to quit using the US dollar. This is big news. In spite of the current USDX dollar rally it will reduce demand for dollars and expedite the dollar’s demise. Once the dollar rally, induced by European problems is over, the dollar should take out 74 on the USDX. Current US insolvency is being ignored as the five-euro zone PIGGS get gored...." etc...

Bob Chapman on The National Intel Report - 30th Nov

Johm Stadtmiller and Bob Chapman, Intel Report .There is no doubt that national paper currencies are collapsing.It is a good idea to put some of your savings into both gold and silver. Most folk lack the information required to make a sound decision on buying Gold, You cannot afford to let this happen to you!
Bob Chapman wrote in the International Forecaster of the 27th November 2010 :"...If QE2 is terminated at $600 billion watch out, because the economy will head straight into a great dark pit. All the numbers we see are signaling a strong need for more than $600 billion...."