THE DESTRUCTION OF MONEY 
By Bob Chapman, January 12th, 2011.
By Bob Chapman, January 12th, 2011.
The U6 number fell  to 16-7/8% from 17% last month, thus, the real unemployment number is  22-1/4%, off 3/8 of 1 percent in two months. The average duration of  unemployment heads back up to a new record 34.2-weeks and when the share  of the unemployed ranks looking for a job without success rises 2% to  44.3% you have a problem. It is hardly a winner. The workweek was  unchanged at 34.3-hours. The employment rate was 58.3%, the same level  it was at late in 1983. In order to re-ascend to peak employment levels  11 million jobs would have to be created. That cannot happen as the  transnational conglomerates execute free trade, globalization,  offshoring and outsourcing. That would be 2.75 million jobs annually  over the next four years. Still millions of illegal aliens are streaming  across our borders to find work and push American citizens out of their  jobs.
There has been a  decline in the number of jobless claims, but layoffs of state, country  and city employs has added to the jobless, some 20,000 a month. Even  with all the funds being injected into the system, the economy is still  stagnant. The municipal layoffs will become acute in the last quarter of  the year and carry over into 2012, as more and more towns, cities and  states seek protection from bankruptcy.
Personal income is stagnant, as are hours worked, as inflat...(full article).   
WHO IS BOB CHAPMAN?
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    is 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.
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 spoke and given workshops at over 200 business     conferences worldwide, and has been on radio and TV hundreds 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.
 
 
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