Reuters: Massive Inflation Has Already Arrived in the U.S.
http://www.reuters.com/article/pressRelease/idUS141731+18-Se...
The National Inflation Association
today released the following statement to its http://inflation.us members:
"On March 5th with the U.S. Dollar Index at a multiyear high of 89, we wrote an article entitled, "The World is Awashed with Dollars" and said, "It's a real shame that those who lost most of their money in the stock market and Real Estate bubbles, and are now finally selling out after these markets have already collapsed, are positioning themselves to get wiped out all over again
through massive inflation."
On March 26th we wrote another article entitled, "Don't Be Last Person Out of the Dollar" and said, "They (the politicians in Washington) will soon learn that you can't reinflate a bubble as Americans start to wake up and begin pouring their Dollars into real, hard assets like Gold and Silver."
Since then, the U.S. Dollar Index has fallen practically straight down to a new 52-week low of 76, while gold has risen to a new 18-month high of $1,025.80 per ounce and silver has risen to a new 13-month high of $17.63 per ounce. Meanwhile, several of our gold and silver stock suggestions have gained over 100%.
Ben Bernanke said this week that the recession is "very likely over." Yes, the recession may be over in nominal terms, but massive inflation has just begun and prices of stocks and real estate will continue to plummet when valued in real money, gold and silver. You can't just print your way out of a recession without increasing production. Sure, if you print enough money prices of stocks and real estate will rise when priced in dollars,but that won't mean a thing when it costs $10,000 to fill your refrigerator with food.
We are very happy that Peter Schiff announced on Thursday that he is officially a candidate for U.S. Senate in the State of Connecticut. We are big supporters of Peter Schiff with two of our co-founders each donating $2,400 to his Senate campaign. We are extremely pleased to be hearing from countless NIA members who have also contributed to the campaign. Unfortunately, even if Peter Schiff is elected and is able to help persuade Washington to reverse course immediately, it may still be too late to prevent hyperinflation. Every day that goes by with interest rates at 0%, tremendous damage is being done to our economy that we may never recover from.
China is now beginning to sell yuan-denominated bonds in Hong Kong while encouraging their citizens on state-run television to invest in silver. These moves are quietly positioning China to move away from the dollar as the world's reserve currency. When this day comes, all hell will break loose.
continue reading at the link
http://www.reuters.com/article/pressRelease/idUS141731+18-Se...
This really isn't a Reuters story
They archive press releases they receive and you can access them online. We could send them one about the possibility of flying monkeys this winter and it would be online. In case anyone should hapen to remember a few months ago when we had a HUGE discussion about NIA and it's board and shady characters involved with it. I'm not saying they're wrong, but even a broken clock is right twice a day. NIA is not a reputable organization and obviously don't feel like their own site is adequate for spewing their bull.
Explore Orthodox Christianity
Mike
I never encountered anything putting into question NIA activities...these guys are helping Peter Schiff and that is all that matters to me plus they are the only organization talking about coming hyper-inflation as their main issue.
p.s. - If you watch some of National Geographic videos you can clearly see flying monkeys (^_^)
________________________________________
"The only thing 'real' in this life is Love and honest relationship to others and this world. Everything else is fake."
-- Anisha
“Complacent ignorance is the most lethal sickness of the soul.”
-- Plato
Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
Massive inflation?: no, no, no!
There is nothing to see here. Move along.
Big price jump for natural gas this week
Despite spiking natural gas prices on Nymex, consumers poised for a winter of bargains
By Chris Kahn, AP Energy Writer
On Friday September 18, 2009, 3:05 pm EDT
NEW YORK (AP) -- Natural gas prices have mostly moved in one direction this summer, down, and the vast caverns that hold it are close to reaching capacity. Yet since the beginning of the month prices have spiked 44 percent.
A record number of futures contracts were snapped up this week, most likely because buyers didn't see prices for natural gas getting much cheaper.
The jump in price would certainly be a troubling sign for people who use natural gas to heat their homes, save for the fact that, even with a 28 percent run-up this week, prices are still about a third of they were last year.
It's extremely cheap and no one expects that to change anytime soon.
(Ha, not if you don't have a job, you idiots)
http://finance.yahoo.com/news/Big-price-jump-for-natural-apf...
Stay strong,
freedom lovers.
With the anticipated price-inflation, it leaves me wondering
about the diminishing relative value of a $2400.00 donation to Peter Schiff's campaign.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
IMO: The velocity of money in the system is a big part of
IMO: The velocity of money in the system is a big part of what determines inflation. The banks have money to lend but they are not lending and/or consumers are not borrowing. As long as the money sits in the banks there is no money multiplier so the reserve banking system slows and so does the economy. Since consumers are 70% of the economy and they are not borrowing money the money is not being multiplied therefore low inflation.
Signed
Rookie Economist
Thomas Jefferson once said, "The natural progress of things is for liberty to yield and government to gain ground."
Well, I guess he called that one.
A Republic, If You Can Keep It
Rookie Economist...
You make much more sense than most of the talking heads on CNBC. I think that money will eventually find its way into the system and will cause severe price inflation that the Fed will not be able to hide.
Good read thanks
Thomas Jefferson once said, "The natural progress of things is for liberty to yield and government to gain ground."
Well, I guess he called that one.
A Republic, If You Can Keep It
great post.... I find it
great post.... I find it funny that as the dollar weakens, gold and silver go up, you never see the faces of jzneff or his toady jeff345660987098... jeff wrote that prechter article that said gold was poised for a fall... 2 days later the price started going up.. now it may still fall but not for the reasons these so called self claiming ,highly educated, enlightened intellectuals think. they need to take off the rose colored glasses and look
at the whats happening in the world and not keep the US as still the giant they think we still are. The US does not call the shots any longer.
the prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
Face it bad_karma, your track record it terrible.
Bad-karma you said the same thing about oil at $120, oil went to
$140 (you claimed a false victory and predicted oil would go to $200) then oil corrected. Down, down down. According to you bad_karma, and your good buddy ted butler, silver should be at above $50 by now. But you were wrong wrong wrong. Gold will correct and create a buying opportunity after the stock market corrects, which will cause a dollar rally. Wait , watch and learn. Its called deflation. Something your unwarranted over inflated ego could use a bit of.
The Fed can print but it can't force banks to lend or consumers to spend. This is the "fly" is your hyper-inflation "ointment" argument bad-karma. You've been wrong for over a year and a half now. Sustained inflation or even perhaps hyper inflation will proceed the current deflationary environment. When is the question. Perhaps you could enlighten us all bad_karma with your genius for forecasting the markets as to when this will occur.
Maybe bad_karma your forecast of the COMEX collapsing will happen this December, it certainly didn't happen last December as you forecast. Or perhaps silver will hit $25 an oz. this Thanksgiving, because it didn't hit $25 an oz. last Thanksgiving, as you predicted. Face it bad_karma, you track record it terrible. You can change your name , but you can't change your track record.
Thanks*)
we could see gold at 3000$ this winter if things speed up...and I loved that line in their statement about food in the fridge being worth 10.000$ ....
"The US does not call the shots any longer"
well said my friend in Liberty
all depends on the countries who hold our debts and currency...
________________________________________
"The only thing 'real' in this life is Love and honest relationship to others and this world. Everything else is fake."
-- Anisha
“Complacent ignorance is the most lethal sickness of the soul.”
-- Plato
Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
And they know it also: Foreigners Unload U.S. Assets
China, With $800.5 Billion, Retains Top Treasurys Rank
By MAYA JACKSON RANDALL
WASHINGTON -- Foreign demand for long-term U.S. financial assets fell in July from a month earlier, according to a report that the Treasury Department released Wednesday.
China, Japan and the U.K. increased their holdings, but other countries such as Russia, Luxembourg, Switzerland and Ireland scaled back, as did a group of oil exporters.
Meanwhile, the report shows that foreign investors shunned U.S. corporate and agency bonds and pared back purchases of Treasury bonds and notes.
Overall, net foreign sales of long-maturity U.S. securities totaled $7.4 billion in July, following purchases of $70.7 billion the month before.
Still, Brown Brothers Harriman & Co. senior currency strategist Win Thin sees good news in the Treasury report. "Bottom line: The big global reserve managers (with the possible exception of Russia) are not dumping USD assets on a sustained basis," he wrote in a research note, "despite China's sporadic warnings about the dollar."
http://online.wsj.com/article/SB125311038916815915.html
Just makes sense...
The National Inflation Association is a Ron Paul fan.
Ty for the post LL... a good read.
:)
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Thank you Devon
Loved this part quote~
We need to educate America as to how we will feel the pain of the government's trillions of dollars in wasteful spending so that at the next major tea party protest,we have hundreds of people holding inflation related signs. If Obama's supporters became aware of what happened in Zimbabwe when Robert Mugabe implemented the same policies that Obama and Bernanke are implementing here, they would see the light and jump to our side.
________________________________________
"The only thing 'real' in this life is Love and honest relationship to others and this world. Everything else is fake."
-- Anisha
“Complacent ignorance is the most lethal sickness of the soul.”
-- Plato
Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
I like
that quote, too...
Bump
Berwick, Columbia County, Pennsylvania
Ron Paul 2012 - The People's Choice
rEVOLution SuperPAC: http://www.revolutionpac.com/
WTP Federal Lawsuit to BAN ALL ELECTRONIC VOTING
http://www.wethepeoplefoundation.org/UPDATE/Update2011-07-26...