August 24, 2011

by Bob Chapman, International Forecaster

The meaning of the social security and medicare cuts, the continuing influence of the Council on foreign Relations, no real Consumer Price Index to go by, Euro zone not fully aware of the problem they have, a massive exposure for them, extended and unpayable debt,

We do not believe that Americans, particularly elderly Americans, understand what the elitists are up to in regard to Social Security and Medicare. The Council on Foreign Relations and the Peterson Foundation has for years been working on plans to terminate Social Security and Medicare. Cuts in these paid for programs were impossible to get through Congress. Thus, the ruse was born of getting around Congress. A flash issue was raised regarding a short-term debt extension that could have been passed in 15 minutes that demanded budget cuts for passage. In that process the Obama Enabling Act was formulated, patterned on the German Enabling Act passed in 1933 by Adolph Hitler. It allows a 12-person panel to bypass Congress regarding legislation. The changes are made in this committee and cannot be debated or amended and must be voted on via a straight up and down majority vote. While this was transpiring, as part of the plot, Standard and Poor’s downgraded the US debt rating based upon there not being large enough cuts in what Congress likes to call entitlements, which are not entitlements, but paid for benefits. The reason for the cuts is that both benefits trusts are broke, all the funds having been spent on other things over the years. S&P said that if major cuts are not made that they would cut the US debt rating again in November. Thus, you can understand the framework and what the elitists have paid the committee and Congress to do. The committee takes all the heat upon passage and Congress generally gets off the hook.

Needless to say, the controlled mainstream media reports on none of this. That a chained CPI is to be employed – is little discussed. The cost of living adjustment, or COLA, changes as CPI changes. The problem is the CPI, currently up 3.6%, is a bogus statistic. Real inflation based on the 1980 model is up 11.2%. As you probably remember there has been no COLA upward adjustments for two years and another is being considered this month for next year. It will be interesting to see what they come up with – probably no change. The COLA based on CPI isn’t bad enough now they want to chain-weight it. These changes won’t take place for a few months so there is time for Americans to complain to all of the members of the House and Senate regarding this rape of both benefits that they have paid for. If Congress wants to cut they can cut the military budget. What the powers behind government want to do is make the nations elderly; they call them useless eaters, carry the burden, and force them to live like animals.

This chained CPI will increase even less than the bogus CPI, or some 0.3% less on average than the CPI-W, or the Consumer Price Index for urban wageworkers, and clerical workers, which is what COLA really is. As you can see retired Americans have been cheated by government for years and now they want to cheat them even more leaving many of the elderly destitute in order to finance more wars. Looting Social Security provides revenue to be wasted elsewhere.

Politicians believe their constituents won’t know what they are up too, but they are mistaken. Many of them will be kicked out of Congress for betraying the elderly of benefits that they paid for over a lifetime of work. The cuts would cost retirees $100 billion and S&P wants even further cuts. This is going to put seniors into poverty, especially the disabled. The proposal would cut more at 9.5%, almost 10%, versus 4% at 75. These politicians are calculated to bring early death to the aging. As this travesty takes place, Medicare benefits would be reduced by another $100 billion. In 2014, we will have the Obama death panels, where a panel will decide who will be treated and who will be allowed to die. Soylent Green comes to mind, this travesty, planned by elitists to transfer funds and get rid of useless eaters, was fully aided by America’s controlled media, which misled all readers and listeners. The program was formulated the by ex-president of the Council on Foreign Relation’s billionaire Pete Peterson who lied about the entire program. The chained CPI is a scam just as the CPI is. All of you men and women in your 40s and 50s will have to make up the loss unless you want to see granny and grandpa starve to death. AARP, which is in part funded by the federal government, naturally came out in favor of cuts for its paying members. That proves once and for all what a useless organization AARP really is. They tried to play both sides of the issue. What this really amounts to is a tax increase on those who can least afford it. What really concerns the aged is that the new tax increase is already in place. The question is will the unconstitutional illegal, “Obama Enabling Group,” increase the burden on the aged even more?

It should be noted that the elite members of the “Obama Enabling Group” are all part of the Council on Foreign Relations, Trilateral Commission and Bilderberg Groups. They will do as the illuminists tell them to do. Their control companies won’t share in the tax increases because they are immune and exempt. We have yet to see anyone file a lawsuit challenging the unconstitutional law that created this group of enablers. As we pointed out before this group has been bought and paid for via $64.5 million in campaign payoffs. The biggest contributors were legal firms for more than $31 million and Wall Street threw in more than $11 million. These are the people who in part, control our government – JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America. Your commentaries and votes mean very little to these people.

This is August and Europe is on vacation as the European Union and the euro zone fall apart. Mrs. Merkel and Mr. Sarkozy had a meeting that accomplished nothing. It was supposed to be a cover for all of Europe’s bureaucrats who were enjoying themselves while their union burned.

Read the rest of Chapman’s column by clicking HERE

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.

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