This crossed the transom today. Very chilling info from a well respected observer named Bob Chapman of the International Forecaster. If you want a leg up on what will probably be happening soon, then you should listen...pretty much every base is covered !

5 part interview and very worthwhile... about 50 minutes

Gold and Silver are shorted by the big boys...and they're already getting their heads handed to
them because of this...a lot of PM insight.

Don't be put off by the intro to the show. The host is a former Marine and he sounds it ! Bob is a
weekly regular on the show...Bob is former military counterintelligence among other financial things...

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2500 banks to close in 2010 - FDIC to collapse

Who knows if this will happen...We do know the FDIC is in big trouble...and TARP banks need / want more money...

Listen to the YouTube below and BE PREPARED !

Bob Chapman did an interview on Thanksgiving (11.26). He states that a source up high in the banking circle has disclosed that 2500 figure to him.

Highlights of the interview...actually, lowlights...

1) On 1st of January, all banks that have received the TARP funds have been advised by the FED to restrict further lending. Loans have to be 75% collateralized - 50% in cash !

2) FED has to do one or 2 things (a) either to pull 1.5 Trillion out of the system by June, which will collapse the economy, or (b) face hyperinflation.

3) They will have to ask Congress for another 400 to 800 Billion, or the stock market, bond markets and the economy is going to crash.

4) FDIC is 88.2 Billion in the hole, and lying about all the banks in trouble, the number is NOT 535 but 2035 !

5) To bail these banks out will cost 800 Billion to 1 Trillion. That means 2500 banks can be closed in 2010.

6) FDIC is going to be collapsed in 2010, which means no more deposit insurance.

And, obviously, precious metals will shine !

It's a very interesting listen. Bob Chapman is a very respected economist, and financial analyst.

You can find the Nov 26 2009 interview here:

I. http://www.youtube.com/user/TheBobChapmanChannel#p/u/4/K2_l8JY4Kzw

II. http://www.youtube.com/user/TheBobChapmanChannel#p/u/3/v__P5umraRQ

III. http://www.youtube.com/user/TheBobChapmanChannel#p/u/2/n0enGIxC8H4

IV. http://www.youtube.com/user/TheBobChapmanChannel#p/u/1/ISxso-8SXQM

V. http://www.youtube.com/user/TheBobChapmanChannel#p/u/0/T1LGRKydejQ

Mr. Chapman is 72 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 i\
s conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a 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.

In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster