Douglass Lodmell vs. Bob Chapman

     

This is chart shows the price of gold between Feb.2011 - Feb. 2012.

   

      Due to the fact the United States debt is denominated in dollars (i.e. irrespective of printing out a large quantity of Federal Reserve notes). In a deflationary spiral, normal supply and demand economics would suggest that as mortgagees, debtors, consumers, renters, and other Average-Americans without trusts or investments would be in a position of chasing less assets, become unable to pay for existing assets, and be subject to several unforeseen liabilities. As a result, less money will be raised while bidding for products. Prices then fall as a result. However, products of necessity, for example like Food & Energy, may be consumed disproportionately higher per-capita, thus, commodities like Food & Energy, may inflate simultaneously.

      Douglass Lodmell, an Asset Protection Attorney from Florida, supports this deflationary trend. His website is available at http://www.lodmell.com/. <See the November 2011 interview above> His Youtube Channel is available at http://www.youtube.com/douglasslodmell. 
    Here is an essential overview of how the Fractional-Reserve-Banking System works. There is a U.S. Treasury, a Federal Reserve, and a printing-press. The Bureau of Engraving & Printing, prints the Federal Reserve Notes, on paper. This is denominational. Think of the printing-press as a debt-distributor, that must only represent, at all times, a fraction of the total real value of the monetary system. Let's break down Fractional-Reserve-Lending.
     Fraction-Reserve-Lending, requires loans from the central banking system, or a bank. A loan represents something lent out or furnished to a borrower on the condition of being returned at interest. When $1,000 is on deposit, the Federal Reserve Bank, or banks, have the full authority to loan out an additional $9,000 to the recipient/slave.  
    Why do you think there is so much emphasis by the ECB & FR, on making credit available? Why is it always so difficult to continuously expand the money supply? "Expanding the money supply," is just a euphemism for increasing "debt-distribution to the borrower." In any Fractional-Reserve-System, increasing "debt-distribution to the borrower" must result in increasing credit for the lender.  Any money creation, under a Fractional-Reserve-System, requires a loan from a bank, and under this system, money can only be created, if it is loaned out. Remember, you cannot create a loan without Goods & Services, but you can create Goods & Services, without a loan
      The U.S. Treasury is an entirely separate entity from the Federal Reserve System, the central banking system of the United States. The Federal Reserve is independent within the government, and its Board of Governors, are chosen by the President and confirmed by the U.S. Senate. It's monetary policy decisions, in distinction to the U.S. Treasury's decisions, do not have to be approved by any executive, judicial, or legislative branch.

     In a recent interview, Jeffrey Verndon, an Asset Protection Attorney, with over 30 years of experience discusses the virtriolic reactions and behaviors of many of his clients. Verndon stated that, since the 2008 Economic Recession, we are now dealing with a "bigger and broader impact of lawsuits" from people trying to recapture what assets they have left. Both Lodmell and Verndon believe there will be an inevitable economic "reset" in some form or mode, possibly prolonging pain, or introducing a new unknown form of prolonged pain -- analogous to the 2008 Economic Recession and its emanations. 

    Doug Lodmell, an Asset Protection Attorney, J.D, explains that the U.S. "has seen the largest mini-default on record in Jefferson County, Alabama, for 3 billion dollars" the filing of which occurred (See: http://reason.org/blog/show/jefferson-county-al-declares-bankru).

    
     On September 2, 2011, Bob Chapman appeared on the Alex Jones Show and mistakenly predicted that gold would reach $3,200 by the end of February 2012. Today is February 22, 2012 and the current KITCO quote is $1,755.10 with a closing price in NYSE, February 21, 2012 of $1,760.30.

     

     Absent a catastrophing, or catalyzing event, like a New Pearl Harbor, I reasonably suspect that Mr. Chapman has made a grave error. While Lodmell receives a grade of A-, Chapman has been downgraded to a grade of C-. He receives a C- rating instead of an F rating because of the "Gold Chart Last 10 Years" graph.