Bob Chapman warns us of hard times ahead due to dollar devaluation

Bob Chapman of The International Forecaster warns us that the prospect of harder times ahead should be taken seriously, as threats of a dollar devaluation loom on the horizon.

• China is caught in a dollar trap
• Russia is in an oil trap
• America is in a debt trap
• Big players have reasons to acquire more gold
• Large gold holdings have a history of their own

What we are about to tell you may be the most important information that we have imparted in almost 50 years. Something very bad is looming. While we don’t know the exact configuration, we think the key is the collapse of the US dollar which could unfold over the next 2 to 4 months, which will result in the default of American debt that will catapult gold and silver to considerably higher prices.

In response, you must have a 6-month supply of freeze-dried and dehydrated foods, a container for brackish water, and assault weapons with plenty of ammo and clips. You should put as much of your wealth as you can in gold and silver coins. You should not own any stocks except for gold and silver shares. You should not own bonds except for Canadian government securities. You should not own CDs or cash value life insurance policies and annuities.

Needless to say, you should be totally out of residential and commercial real estate except for your home because they will remain illiquid for many years to come. Continue to pay down your normal debts because we do not know how they will be treated when we arrive at a dollar devaluation and default. We certainly don’t want to have to tell you this, but the way things are shaping up, it doesn’t look good.

The economic battle is unfolding. Gold and silver prices are nearing new highs as the USDX teeters just above 80. Interest rates are rising while the Dow is preparing to retest 6,600. You have been warned! Act accordingly! Tune in for the rest of the story!