DOUBLE INJUSTICE Political Leaders Bankrupting America, Twice Over (Bob Chapman is in CST)
It might not be a shocker to most of us paying attention, but the fact that it was so resoundingly validated at the annual meeting of the American Economic Association this past Sunday has made it news nonetheless. And that news is: There is a perfect storm brewing for a U.S. plunge into bankruptcy.
However, as one financial expert points out, there is still a dynamic to this story worthy of shock value. Bob Chapman is a seasoned economist and publisher of The International Forecaster, who says the outrage with our political leadership should only begin with their irresponsible and arguably ineffective runaway spending decisions.
Underneath a dubious $787 billion stimulus package, an amendment-laden $636 million defense bill, a pork-stuffed, immensely unpopular healthcare reform bill, a vote to further raise the nation’s debt ceiling, and every other government-solves-all, foreign-credit-funded decision being made in Washington these days, is a startling, double-standard truth:
Many of the people making these decisions to bankrupt America are also unwilling to share the burden of underwriting them, adding to the tax-revenue-shortfall side of this budget catastrophe.
According to a recent release from the Associated Press, some 276,300 federal employees owe more than $3 billion in back taxes. That includes 50 current White House employees—such as, of all people, our Treasury Secretary, Tim Geithner—who collectively owe the IRS more than $800,000.
And it also includes Congress, where 231 employees in the Senate and 447 in the House owe more than $2.5 million.
For a full-scale indictment of this injustice, a clear projection on the perfect storm, and an economist’s view of how individuals can best plan to overcome it, call Special Guests today and arrange an interview with the blunt, but highly informative, Bob Chapman.
THE FOLLOWING ARTICLES MAY BE USEFUL FOR SHOW PREP:
http://online.wsj.com/article/SB126255761275914079.html?mod=googlenews_wsj
ROBERT J. CHAPMAN BIOGRAPHY:
Mr. Chapman is 73 years old. He was born in Boston, MA, and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, one year in Canada and another year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
From 1962 through 1976 he specialized in South African gold shares. He and his family lived in Salisbury, Rhodesia (now Harare, Zimbabwe) and Johannesburg, South Africa from 1970 to 1973. During that time he did a great deal of further study into the South African mining industry.
Mr. Chapman belonged to The Traders Association for 25 years. He did all his own trading. During his South African years some was done directly through Johannesburg, but 95% was done through London brokerage firms. Hence, he has extensive contacts, both in London and on the Continent.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In 1976, after the Soweto riots, Mr. Chapman began buying North American shares exclusively for his clients. Up to that point only a handful of American and Canadian issues interested him, due to the high dividends the South African shares had paid out over the years. Between 1976 and 1988 his business surged from 1,000 to 6,000 clients, so the bulk of his business ended up being Vancouver Stock Exchange issues. For this reason he is very conversant with the quality of management, geologists, properties and traders on today’s North American scene. He is well known.
From 1976 to present he has spoken and given workshops at over 200 business conferences worldwide, and has been on radio and TV thousands of times. Until his retirement he was always judged by the attendees to be one of the top three speakers and never once was lower than first in workshops due to his vast knowledge of the mining business and his grasp of worldwide financial markets and political scenes.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Over the past 40 years, Bob Chapman has immersed himself in the study of world politics and economics. His articles have run in more than 200 publications. His newsletter, "THE INTERNATIONAL FORECASTER,” has active subscribers all across world. Bob Chapman has conducted hundreds of workshops at business conferences and has been a featured guest on hundreds of radio and television programs.
Some of his uncanny predictions include:
* Called the top of the market in April 2000.
* Predicted 9/11 or an event like that, nine months early, within 33 days of it actually occurring.
* Predicted the invasion of both Afghanistan and Iraq two years before they happened.