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UNEMPLOYMENT STILL OVER 10% But Expert Puts it at over 20%!
Just when we were told a turnaround was around the corner, the labor department just reported that unemployment is still over 10 percent! This is far worse than expected.
Available to be your Talk Show guest on unemployment and the impact of the seemingly endless suicidal cycle of bailouts and other runaway government spending is Bob Chapman, editor and founder of the International Forecaster newsletter.
Said Bob, “Unemployment is not in the 10.% range that is being reported. True unemployment numbers are just over 20%. That’s because the official, the government’s statistics excludes those who are no longer collecting unemployment insurance, those who are discouraged and no longer look for work—and those who are working part time. But guess what? The average work week is 33 hours! Talking about lying with statistics!!!
Bob explains the ‘birth-death ratio’, which he has been writing about for years which is included in U6. That ratio is a projection (a.k.a. ‘guess’) by the federal government as to how many jobs were gained or lost in any particular month. If you extract that birth-death radio, you get unemployment of greater than 20%. That is the real unemployment and that’s what government refuses to talk about because their figures are bogus.”
During your interview Bob shares with your audience that in The Great Depression unemployment was between 20% and 30%. Bob also correctly predicted that Obama and Congress would call for another stimulus package in the two trillion dollar range to cover up the incompetence of the Administration and to assist politicians in office getting re-elected.
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.
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