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Archive for August 18th, 2011

Central scam artists downgraded: Greenspan – Bernanke – Federal Reserve

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Posted August 8, 2011

It seems Alan Greenspan, the Ex-Chairman of the US Federal Reserve and mentor of his protege in crime, current Fed Chairman, Ben Bernanke, should get their fables straight before they appear on television.  Check out how brazenly dangerous Alan Greenspan conducted himself this past Sunday morning on NBC’s Meet The Press:

 The United States can pay any debt it has because we can always print money…
Alan GreenspanAugust 7, 2011

Wait a second, perhaps Alan should check with Ben on their story because according to Ben’s interview late last year on CBS’ 60 Minutes, the US is not printing money and the monetary base is not expanding all that much:

One myth that is out there is that what we are doing is printing money. We are not printing money… The money supply is not changing in any significant way. –Ben Bernanke, December 5, 2010

It looks like Alan and Ben need to get on the same page when it comes to money printing and what is officially happening to the monetary base of the US dollar:

Finally there is the instant classic of Ben Bernanke’s recent denial of historical facts, common sense, and basic economic laws. Check out Ben’s ridiculous retort when asked by Ron Paul on July 13, 2011 as to whether or not gold is money:

Central bankers and the lies they tell are the antithesis of gold. When they blurt moronic statements in large public forums like the aforementioned examples, gold, the true money of mankind tends to explode to the upside. The central scam artists can say whatever they want.  The fact is that the dollar, euro, yen, franc, pound, peso etc. are and will continue to bow to true free market monies, gold and silver.

For this reason we continue to convert our paper debt based cash and fiat currencies into physical gold and silver bullion long-term. With central bankers like these, it is making the inevitable wealth exchange happen at breath taking speed with a real possibility of the move going parabolic. Are you ready?

Zero percent interest rates lock in inflation

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by Greg Hunter
Posted 17 August 2011

THE DECISION BY THE FED, LAST WEEK, TO KEEP A KEY INTEREST RATE at near zero percent for 2 years is historic because the Fed has never done this before.  This action will have profound negative effect on the U.S. dollar and its buying power. It also signals that even the Fed thinks the economy is not going to get better for at least 2 years.

This action will affect every American and telegraphs a policy of inflation by the government. In November of 2009, I predicted this very path in a post called The Fix is In. Back then, I said, “It appears the “fix” is in as far as the road plan for the U.S. dollar and economy. The government and the Fed appear to have chosen a path of inflation for America and the world. This is not an official announced plan but it might as well be.”   (Click here for the original post.)

Zero percent interest on a key Fed rate confirms my prediction right along with the rising inflation in just about everything except housing. In an extensive post about inflation this week, Theburningplatform.com said, “The storyline being sold to you by Bernanke, his Wall Street masters, and their captured puppets in Washington DC is that deflation is the great bogeyman they must slay. They make these statements from their ivory jewel encrusted towers as the real people in the real world deal with reality. The reality since Ben Bernanke announced his QE2 policy in August 2010 is:

 • Unleaded gas prices are up 45%.

 • Heating oil prices are up 46%.

 • Corn prices are up 71%.

 • Soybean prices are up 26%.

 • Rice prices are up 13%.

 • Pork prices are up 31%.

 • Beef prices are up 25%.

 • Coffee prices are up 38%.

 • Sugar prices are up 48%.

 • Cotton prices are up 13%.

 • Gold prices are up 42%.

 • Silver prices are up 115%.

 • Copper prices are up 23%.

The official inflation rate is 3.6%, but anybody with an IQ above 70 knows that’s a statistical lie. According to economist John Williams of Shadowstats.com, the true annual inflation rate is around 11% (if calculated the way Bureau of Labor Statistics did it in 1980). In his latest report, Williams warns the dollar is in serious trouble because the Fed is not interested in fighting inflation when it needs to continue propping up the banking system.

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