The Albatross of Sovereign Debt
Posted: March 6 2010
By:
Bob Chapman
Sovereign Debt hinders nation states, Interrogations for the Fed to answer, debt burdened California, Fed integrity in question, Gold still a good investment play, unemployment benefits for now, volatile swings in housing demand,
Sovereign debt hangs like an albatross around the necks of too many countries. There are 17 medium-size to large countries that are close to, or are bankrupt. Many are being kept solvent by using two sets of books and by marking to model. As you know we expect these bankruptcies to take place by the end of 2011. That will be accomplished at meetings such as we saw in the 1970s at the Smithsonian, the Plaza Accord of 1985 and the Louvre Accord of 1987. There will be a realignment of currencies.
Continues: http://www.theinternationalforecaste...Sovereign_Debt
Alex Jones Interview of Bob Chapman
March 5, 2010
VIDEO Part 1 of 4 (10:50): http://www.youtube.com/user/TheBobCh.../3/FC44iZ2HPqc