The Golden Truth: Hyperinflation Nation: "by the time people start preparing for hyperinflation, it will be too late"

Tuesday, September 15, 2009

Hyperinflation Nation: "by the time people start preparing for hyperinflation, it will be too late"

This 3-part youtube series takes about 25 minutes to watch. Although we might not be feeling the "price" effects of outright inflation, the underlying causes of inflation/currency devaluation are percolating beneath the surface and price inflation will hit hard when we least expect it. Here's the links:

Part 1 Part 2 Part 3

After watching this, I don't think you will trust ANYTHING that comes of Banana Ben Bernanke's mouth. In my estimation, Bernanke is either incredibly stupid, inept or corrupt - maybe a bit of all three. Watch the videos and decide for yourself.

2 comments:

RobertWednesday, 16 September, 2009
Dave wrote, "Bernanke is either incredibly stupid, inept or corrupt." Note that the press is fond of describing him as "an expert on the Great Depression." However, in this Administration's first appearance before the Senate Banking Committee, when he was asked, "How did FDR deal with the economic crisis?" he responded by saying, "Well, for one thing he took us off the gold standard."
This was a monumental untruth, and is indicative of the man's character. FDR chose to expand the money supply while keeping the U.S. on the gold standard- by repegging it from $20.67/oz to $35/oz, he increased it about 70% (35:20.76), but he most certainly did NOT take the U.S. off the gold standard. He did, however, make it illegal for Americns to own gold bullion,a curious form of thievery, as foreigners were still allowed to exchange their dollars for gold.
I say we take Chopper Ben off the fiat standard.
ReplyDelete
Replies
Dave in DenverWednesday, 16 September, 2009
Great comment Robert! Really reinforces my statement that Bernanke is inept, stupid and corrupt!
ReplyDelete
Replies

Add comment

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.