report scams here at scam.com dont get scammed Scams and Scammers - Expose hypocrisy and spread respect ! Don't get ripped off! REGISTER
Go Back   scams > Scam Message Board > Political Chat
Register FAQ Register To Post Member List Promote Search Today's Posts Mark Forums Read
Reply
 
Thread Tools
  #55  
Old 01-04-2011, 10:55 AM
rodin's Avatar
rodin rodin is offline
Silver Member
 
Join Date: Dec 2010
Posts: 339
Re: NIA Warns Massive Inflation Could Hit the U.S.

Quote:
Originally Posted by zeitgeist1969 View Post
So, Barack is Jimmy Carter after all. High unemployment, high inflation, high interest rates. Funny how history repeats itself. Hopefully this means that we have another Reagan taking office in 2012.
Its not the votes that count its who counts the votes
__________________
WWIIIKILIKE PRODUCTIONS
Judeo Christian is an oxymoron




Reply With Quote

  #56  
Old 01-26-2011, 03:37 AM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

Obama Fails to Address Inflation in State of the Union


President Obama’s State of the Union address last night did not make one single mention of inflation, when it is the belief of NIA that massive price inflation (especially food inflation) will become America’s top crisis by the end of this calendar year. Obama’s speech also failed to mention the Federal Reserve, the Federal Funds Rate being held near 0% for over two years, and the Fed’s latest round of $600 billion in quantitative easing. Unless Obama addresses our nation’s fiat currency system, nothing else he says has any meaning at all.

After the U.S. lost 8.36 million jobs over a two year period from December of 2007 through December of 2009, our economy has recovered 1.12 million jobs as a result of the Federal Reserve and U.S. government spending $4.6 trillion on bailouts and stimulus programs. That is over $4 million spent for each job created. Instead of bailing out Wall Street and allowing non-productive bankers to receive record bonuses, the U.S. could have sent a check for $550,000 to each middle-class American who lost their job.

When a central bank prints trillions of dollars out of thin air, you are going to see some type of a nominal uptick in economic statistics. Obama can brag all he wants about over 1 million jobs being created, but he continues to ignore what the ultimate cost of it will be. When a government has an annual cash budget deficit of over $1 trillion that cannot possibly be balanced by raising taxes, massive inflation is the inevitable outcome. Our real budget deficit, once you include increases in our unfunded liabilities for Social Security, Medicare, and Medicaid, is already north of $5 trillion. NIA believes the U.S. is now at serious risk of experiencing hyperinflation by the year 2015.

Obama proposed in his speech that “we freeze annual domestic spending for the next five years” saying it “would reduce the deficit by more than $400 billion over the next decade, and will bring discretionary spending to the lowest share of our economy since Dwight Eisenhower was president.” The truth is, Obama’s proposals, if successfully implemented, would not reduce the deficit by $400 billion over the next decade. They would only cut $400 billion from proposed spending increases. NIA doesn’t understand why Obama would even waste his breath talking about reducing the deficit by $400 billion over the next decade, when the Federal Reserve is creating $600 billion in monetary inflation over a period of just eight months. Americans who listened to Obama speak last night wasted over an hour of their time, because until the Federal Reserve raises interest rates and stops printing money, it will be impossible for the U.S. econom y to truly recover and become healthy.

Even if the U.S. government cut all discretionary spending down to zero, we would still have a budget deficit from Social Security, Medicare, and Medicaid alone. Surprisingly, Obama admitted that most of the cuts he proposed “only address annual domestic spending, which represents a little more than 12% of our budget.” When referring to the Deficit Commission’s proposed spending cuts, Obama said “their conclusion is that the only way to tackle our deficit is to cut excessive spending wherever we find it”. In what was Obama’s most shocking statement of the night, he went on to say, “This means further reducing health care costs, including programs like Medicare and Medicaid, which are the single biggest contributor to our long-term deficit.”

This is the closest Obama has ever come to admitting that major cuts to Medicare and Medicaid are necessary, if we want to have any hope of ever balancing our budget. However, NIA is taking Obama’s comments with a grain of salt. He immediately changed the subject in the very next sentence, claiming his health care reform law that was enacted last year “will slow these rising costs”. He then continued to defend the law saying, “repealing the health care law would add a quarter of a trillion dollars to our deficit.”

One week ago, the new Republican-controlled U.S. House of Representatives voted 245-189 to repeal Obama’s health care reform law. The House’s vote to repeal it is meaningless because it would never pass the U.S. Senate and even if it did, Obama would simply veto it. NIA believes the law should be repealed because it is impossible for government legislation to bring down health care costs. Only the free market can bring down health care costs and the health care reform law will impede the free market more than any piece of legislation has ever impeded the free market in any industry or sector in history. In our opinion, the new health care law is guaranteed to add trillions of dollars to the deficit over the next decade and there is absolutely no chance of Obama ever making the necessary dramatic cuts to Medicare and Medicaid until the U.S. is already in the middle of an outbreak of hyperinflation.

When it comes to Social Security, Obama said we need a “bipartisan solution to strengthen” it and “we must do it without putting at risk current retirees” and “without slashing benefits for future generations”. In other words, nobody in Washington is even going to bring up the possibility of cutting or eliminating Social Security, because it would be political suicide for them. We need more honest representatives in Washington like Ron Paul who aren’t afraid to speak the truth about the need to cut entitlement programs and inform the American public to the consequences of our government’s deficit spending.

Most Americans think they don’t have to worry about our country’s national debt because our grandchildren are the ones who will ultimately be responsible to pay it off. Unfortunately, it won’t just be our grandchildren who feel the pain of our deficit spending and monetary inflation. All Americans with incomes and savings in U.S. dollars along with all foreigners holding dollar-denominated assets will begin to feel the pain of our government’s destructive actions in the very near future through massive price inflation and the U.S. dollar losing nearly all of its purchasing power.

One thing from last night’s State of the Union address is very clear, Obama is not serious about cutting spending and nobody in Washington has any expectation of the U.S. ever returning to a balanced budget. NIA believes that this past week’s dip in the prices of gold and silver is an unbelievable buying opportunity for Americans who already own precious metals as well as those wishing to buy precious metals for the first time. Sure, both gold and silver could dip lower in the short-term, but we can’t try to time short-term fluctuations and we need to stay focused on the long-term destruction of the U.S. dollar. In future State of the Union addresses to come in another year or two down the road, the entire focus of the President’s speech will likely be on inflation and the collapsing U.S. dollar. When that time comes and mainstream America becomes aware of what NIA members have known for years, we could easily see $5,000 per ounce gold and $50 0 per ounce silver, and everybody will regret not loading up as much as possible at these levels.

http://inflation.us/blog/2011/01/oba...-of-the-union/

Reply With Quote

  #57  
Old 03-05-2011, 06:05 PM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

So......Where are the people predicting deflation again??

We are about to pay a serious price for radicals coming in to power and raiding the treasury for their own political payoffs

Media Misleading Americans About Inflation
The National Inflation Association (NIA) believes that every time the mainstream media focuses its attention on the weak Euro, it is trying to trick the world into going long the U.S. dollar, when the U.S. dollar will win its race with the Euro to zero. Not only were eurozone countries first to implement austerity measures (something the U.S. is still showing no signs of even considering), but it was just announced this weak that the European Central Bank (ECB), which just left interest rates unchanged this month at 1%, plans to raise interest rates next month in order to combat food and ****** price inflation. NIA has been warning its members for two years that the policies of the Federal Reserve and ECB would lead to massive inflation in the prices of food, ******, and clothing, and that is exactly what we are beginning to see right now.

The ECB just dramatically raised its inflation expectations for 2011. The ECB has a sole mandate of price stability, but the Federal Reserve's mandate is not only price stability, but also maximum employment and moderate long-term interest rates. Printing money does not create jobs, except for temporary government jobs that act as a burden on the rest of the economy. Federal Reserve Chairman Ben Bernanke has been obsessing over the fact that the U.S. doesn't have any wage inflation, as a reason not to raise interest rates. As NIA has long been predicting for years, wages will be last to rise during the current inflationary crisis. If wages in the U.S. were rising at the same rate as ******, food, and clothing, price inflation wouldn't be a problem at all. The fact that wages aren't keeping up with rising prices should actually be a good reason to raise interest rates immediately.

China is so disturbed by the inflation being created by both the Federal Reserve and ECB, that they are looking to abandon both currencies and position the yuan as the next reserve currency. The biggest news of this past week, which conveniently got swept under the rug by the U.S. mainstream media, was news out of China that they will be allowing trades to settle in yuan instead of the U.S. dollar. China is simply responding to overseas demand from those who don't wish to hold on to large amounts of U.S. dollar reserves that are rapidly being debased by the Federal Reserve. By the end of 2011, Chinese exporters and importers will be able to settle cross border transactions in their own currency, instead of U.S. dollars. China is working to rapidly grow the yuan's role in international trade and NIA believes it will soon become the world's new reserve currency by default.

The fact is, if the Chinese abandoned the U.S. dollar, China would immediately have the world's largest economy as a result of the yuan strengthening in value. Over 70% of U.S. GDP is consumer spending and when Americans can no longer import cheap goods from China using money we borrow from them, consumer spending will fall off a cliff. Canada and other resource rich nations have nothing to worry about. Just as one small example, the U.S. for many years has been the largest importer of lumber from Canada. Shockingly, the U.S. share of lumber imports from Canada has fallen just about in half percentage wise in recent years from 70% to 36%. Now, it is expected that China will displace the U.S. as the largest importer of lumber from Canada by 2012.

Besides Canada, NIA has long said that one of our favorite places to emigrate to is Australia, because Australia's central bank was the first to raise interest rates. The Reserve Bank of Australia has interest rates at 4.75% compared to Australia's inflation rate of 2.7%. The Reserve Bank of Australia is the only major central bank with interest rates that are positive in real terms. Despite having the highest interest rate out of all major developed countries, Australia's GDP is still growing 2.7% on an annual basis.

The U.S. GDP is only growing due to artificially low interest rates of 0%-0.25%, where the Federal Reserve has held them for over two years. Artificially low interest rates of 0%-0.25% basically means that the U.S. economy is on life support. Any kind of economic growth during this period is phony and only due to inflation. Australia has a truly healthy economy, being that it is growing with modest interest rates. If the Federal Reserve raised interest rates to a modest level of 4.75% like Australia, there would immediately be a massive wave of debt defaults that sends the U.S. economy into a tailspin. We would experience a crash much worse than the Great Depression, which will likely be so bad that the median priced U.S. home will fall in half from $158,800 down to only $79,400.

Silver just reached a new 31-year high on Friday of $35.32 per ounce up 103% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. The short squeeze in silver that NIA first predicted on April 3rd, 2010, in its article entitled "Silver Short Squeeze Could Be Imminent", is now taking place as we speak. NIA was one of the first to connect the dots and expose to the world why the Federal Reserve was so eager to orchestrate a bailout of Bear Stearns, but didn't mind allowing Lehman Brothers to fail. Bear Stearns was the holder of a massive naked silver short position in silver that was being used to artificially hold silver prices down. As part of JP Morgan's takeover of Bear Stearns, the Federal Reserve guaranteed to cover certain losses that would arise from the Bear Stearns portfolio, and this most likely included the silver short position.

Unfortunately, the average American family still has the bulk of their savings invested in Real Estate, when it should be invested in silver. In NIA's first ever documentary 'Hyperinflation Nation', in which we urged viewers to get out of Real Estate and invest into silver, the median U.S. home to silver ratio was 14,700. In NIA's second major documentary 'The Dollar Bubble', we once again discussed the median U.S. home to silver ratio, which was now down to 9,900, and predicted a further major decline. The median U.S. home to silver ratio is now down to 4,500. This means U.S. Real Estate has lost 69% of its value priced in silver in just the past 21 months alone. NIA is 100% sure that this ratio will decline to below 1,000 this decade and probably bottom around 500. Therefore, even if the Federal Reserve keeps interest rates near zero, we are still looking at another 78%-89% decline in the price of Real Estate in terms of silver.

NIA has been warning the Federal Reserve to raise interest rates almost since the time they lowered them down to near zero. The longer they keep interest rates where they are now, the higher interest rates will need to rise later this decade to counteract the damage being done today. It is shocking to us how the financial mainstream media still uses the bond market to determine inflation expectations. Comparing U.S. treasury yields to Treasury Inflation Protected Securities (TIPS) yields does not accurately determine inflation expectations. TIPS are a scam, because they are based on the U.S. Bureau of Labor Statistics (BLS)'s Consumer Price Index (CPI), which the government does everything in its power to manipulate as low as possible in order to keep payment increases to Social Security recipients as low as possible. The bond bubble is the largest bubble in world history and during bubbles in the financial markets, assets always get mispriced.

NIA doesn't understand how the mainstream media allows Bernanke to get away with testifying in front of Congress this week, "the recent rise in commodity prices will lead to, at most, a temporary and relatively modest increase in U.S. consumer price inflation" and that rising gas prices “do not yet pose a significant risk either to the recovery or to the maintenance of overall stable inflation". NIA is one of the few organizations out there challenging Bernanke's belief that we have "overall stable inflation". We know this to be the exact opposite of the truth.


The new Apple iPad 2 being released this month is going to be 33% thinner than the original iPad, but it will be sold at the same price as the first version. NIA forecasts that the BLS will use hedonics to say that the iPad 2 is now 33% better than the first iPad, being that it is thinner. With the price being the same as the old thicker version, the BLS will consider the new version to be 33% cheaper once quality adjustments are factored in. This type of deception will help cancel out food and ****** price inflation when the BLS reports the CPI in the upcoming months.

We are sure that the millions of sheep in America who will wait for ten hours across a dozen city blocks to be the first to purchase the new iPad 2 will agree with Bernanke that inflation in the U.S. is overall very stable. However, for the overwhelming majority of Americans who see food and gas prices spiraling out of control, they have nobody to thank more than Bernanke. NIA will not rest until we educate as much of the world as possible to the fact that inflation is the root of all evil.

http://inflation.us/mediamisleadingamericans.html

Reply With Quote

  #58  
Old 03-06-2011, 07:11 AM
Sharky's Avatar
Sharky Sharky is offline
Right Might over Right Wrong(J. Swift) late 1600's
 
Join Date: Jan 2008
Location: North Carolia
Posts: 635
Re: NIA Warns Massive Inflation Could Hit the U.S.

What has really come about are the Speculators who now have most all good's (food's, Oil, and all else) in a Global Market Place.

Speculators are reading a broken crystal ball.

By putting all of our eggs into the basket of Speculators one should expect that "Profit from Devastation" is their mantra.

Look how Oil rises when their is a hick up.

One reason Goods rise in cost is the rise in producing said good's.

All products produced on this Planet coming indirectly through the cost's of ******.

But Food is raised in cost do to not just ******, but do to supplies of said products and what now is in the hands of these same Speculators.

They say there will be a situation and up goes the cost.
They say the situation is not that bad and down the price falls, but on this they wait to see if the market (people) can bear.
If they bear it it doesn't come down.

That's like you are making $10 per hr.
Your gas cost's you $10 a day to get that $90 but after taxes it is only around $75 then minus the $10 and you got $65 to spend.
So, in fact every time cost's rise, there is much profit for the Speculators customers and %'s for them.
Meanwhile the regular Joe or Rose American has to absorb the rise in cost's and does not profit in any way from the Speculators and their cracked crystal ball.
What really needs t be done is to take that American Flag off the front of Wall Street and Put that "Don't tread on Me" flag on their front.

Wall Street needs to be outlawed.
Now controlled by Germany anyway.

Business should set the price.

This way if someone is selling the exact same thing for less, you have to compete in price in order to profit even if you sell for a penny less.

There has to be stopped all this Free Trade crap.

If a Foreign Country wants to sell products here they should be equalized (import Tariffs) in what it would cost to produce the same here.

Then all these American (so called) Corporations would not profit so hugely by having what we want to purchase being made elsewhere where they stand to profit even greater then if they were to remain so called American Companies.

We've lost so many manufacturing Jobs that we now use Orwell's newspeech by calling Military Recruiting centers "Career Center's"

These are the Job's we have for our youth.
Nothing but Blood and Gut's for the Huge Military Industrial complex.

Trader on Wall Street and their Stock holders are Traitors to this America and should be treated as such and not given anymore of the Money we have to borrow for them to profit even more.

There are allot of hard choices to make, but we will never be the same for ruination is not even in the Cards for the 2%.


Reply With Quote

  #59  
Old 03-06-2011, 09:51 AM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

Quote:
Originally Posted by Sharky View Post
What has really come about are the Speculators who now have most all good's (food's, Oil, and all else) in a Global Market Place.

Speculators are reading a broken crystal ball.

By putting all of our eggs into the basket of Speculators one should expect that "Profit from Devastation" is their mantra.

Look how Oil rises when their is a hick up.

One reason Goods rise in cost is the rise in producing said good's.

All products produced on this Planet coming indirectly through the cost's of ******.

But Food is raised in cost do to not just ******, but do to supplies of said products and what now is in the hands of these same Speculators.

They say there will be a situation and up goes the cost.
They say the situation is not that bad and down the price falls, but on this they wait to see if the market (people) can bear.
If they bear it it doesn't come down.

That's like you are making $10 per hr.
Your gas cost's you $10 a day to get that $90 but after taxes it is only around $75 then minus the $10 and you got $65 to spend.
So, in fact every time cost's rise, there is much profit for the Speculators customers and %'s for them.
Meanwhile the regular Joe or Rose American has to absorb the rise in cost's and does not profit in any way from the Speculators and their cracked crystal ball.
What really needs t be done is to take that American Flag off the front of Wall Street and Put that "Don't tread on Me" flag on their front.

Wall Street needs to be outlawed.
Now controlled by Germany anyway.

Business should set the price.

This way if someone is selling the exact same thing for less, you have to compete in price in order to profit even if you sell for a penny less.

There has to be stopped all this Free Trade crap.

If a Foreign Country wants to sell products here they should be equalized (import Tariffs) in what it would cost to produce the same here.

Then all these American (so called) Corporations would not profit so hugely by having what we want to purchase being made elsewhere where they stand to profit even greater then if they were to remain so called American Companies.

We've lost so many manufacturing Jobs that we now use Orwell's newspeech by calling Military Recruiting centers "Career Center's"

These are the Job's we have for our youth.
Nothing but Blood and Gut's for the Huge Military Industrial complex.

Trader on Wall Street and their Stock holders are Traitors to this America and should be treated as such and not given anymore of the Money we have to borrow for them to profit even more.T

here are allot of hard choices to make, but we will never be the same for ruination is not even in the Cards for the 2%.





All righty then....

You do realize that when traders drive up the price, there has to be someone on the other end of the trade betting the costs wil go down? The free markets sorts out all those short term players, and creates winners and losers.

So you completely discount the Federal Reserve driving up these costs??

Reply With Quote

  #60  
Old 04-06-2011, 04:27 PM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

Best line I heard all week, not sure who said it

The argument of trying to settle last years budget, is like arguing about the bar bill on the deck of the Titanic



I tried to warn ya



The Federal Reserve Must Implement QE3
Gold prices surged today to a new all time high of $1,463.70 per ounce, while silver prices soared to a new 31-year high of $39.785 per ounce. Silver is now up 129% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. The gold/silver ratio is now down to 37, compared to a gold/silver ratio of 66 when NIA declared silver the best investment for the next decade. This means that not only is silver up 129% in terms of dollars since December 11th, 2009, but silver has also increased in purchasing power by 1.78X in terms of gold.

Gold is the world's most stable asset and the best gauge of inflation. This brand new breakout in the price of gold leads us to believe that the Federal Reserve is getting ready to unleash QE3 at the end of June. The Fed will surely not call it QE3, but NIA can pretty much guarantee that the Fed will continue on with their purchases of U.S. treasuries. If the Fed pauses after QE2, it will mean that treasury bond yields will need to surge to a level where they attract enough private sector and foreign central bank buyers in order to not only support the ******* of our rapidly rising budget deficits, but to support the redemption of maturing treasury securities.

In the month of March, the U.S. government spent more than eight times its monthly tax receipts, when you include the money spent for maturing U.S. treasuries. The U.S. treasury netted $128.18 billion in tax receipts during the month of March, but paid out a total of $1.05 trillion, which included $49.8 billion in Social Security benefits, $47.4 billion in Medicare benefits, $22.58 billion in Medicaid benefits, and $37.9 billion in defense spending. However, by far, the U.S. paid out the most for maturing U.S. treasuries, which equaled $705.3 billion.

In order for the U.S. government to stay afloat with only $128.18 billion in tax receipts, it had to spend $72.5 billion from its balance of cash, which ended the month at $118.1 billion, and sell $18 billion worth of TARP assets. But most importantly, the U.S. treasury had to sell $786.5 billion in new treasury bonds.

The U.S. government is the largest ponzi scheme in world history. We can only fund our government expenditures and pay off maturing debt plus interest, by issuing larger amounts of new debt. Americans are lucky that we have been blessed with record low interest rates for an unprecedented amount of time, but NIA believes that as we roll over U.S. treasuries in the future, we will have to refinance them at much higher interest rates. Our national debt is now so large that interest payments on our debt will become the government's largest monthly expenditure.

If the Federal Reserve doesn't implement QE3, NIA believes it will just about guarantee a bursting of the U.S. bond bubble in the second half of 2011. If the Fed stops buying U.S. treasuries, there is a chance that we won't find foreign buyers for our bonds no matter how high interest rates rise. The world is waking up to the fact that the U.S. government is insolvent, and the benefits of propping up the U.S. dollar are no longer worth the expense to our foreign creditors. The U.S. government ponzi scheme will soon be exposed for the world to see.


Japan has been the most consistent buyer of U.S. treasuries. With Japan needing to raise $300 billion to rebuild parts of their country that were destroyed by the earthquake, tsunami, and nuclear disaster, we believe they will be forced to dump their U.S. treasuries, at a time when the U.S. desperately needs Japan to roll over their treasuries into larger amounts of new ones. Not only that, but with Arab revolutions taking place across major Saudi states and the U.S. beginning to occupy Libya for no reason at all, we will likely see Gulf states follow in Japan's footsteps and stop purchasing/dump U.S. treasuries. Plus, China appears to be becoming more reluctant to continue buying U.S. treasuries, and is positioning the yuan to be the world's new reserve currency. Without Japan, Saudi states, and China, there will be no buyers left for U.S. government bonds.

The fact is, with no QE3, we could literally see the 10-year bond yield double from 3.52% to north of 7%, overnight. Even then, it is unlikely to attract foreign buyers and we will likely be faced with failing bond auctions, which would cause a massive rush out of the U.S. dollar and trigger the currency crisis NIA has been predicting. NIA sees no other option for the Fed, but for it to continue on with its endless money printing and destructive inflationary policies.

Federal Reserve officials discussed last month in closed-door meetings the possibility that rising commodity prices could cause inflation. The fact is, rising commodity prices don't cause inflation, they are a symptom of inflation. When the Fed leaves interest rates at 0% for over two years and prints $600 billion as part of QE2, that money printing and easy money is the inflation of our money supply, and rising prices are the result.

The Fed is narrow-minded and continues to focus on the CPI, which only grew last month by 2.11% year-over-year. Fed Chairman Ben Bernanke says he expects rising commodity prices to create a “transitory” boost in U.S. inflation. Meaning, when the CPI rises even higher in the upcoming months, Bernanke will likely place the blame on what he considers to be temporarily high oil and soft commodity prices.

The CEO of Wal-Mart is now saying that U.S. inflation is “going to be very serious” and that Wal-Mart is already seeing “cost increases starting to come through at a pretty rapid rate.” He predicts that because of huge increases in raw material costs, along with soaring labor costs in China, and skyrocketing fuel costs around the world, retail prices will start increasing at Wal-Mart and all of their competitors in June, especially for clothing and food.

When asked about the predictions of Wal-Mart's CEO, Bernanke said that he expects price pressures to remain largely stable, but then added, "Wal-Mart has more data than the government does." Bernanke was also quoted as saying, "We have to monitor inflation and inflation expectations extremely closely because if my assumptions prove not to be correct, then we would certainly have to respond to that and ensure that we maintain price stability.”

The European Central Bank (ECB) is expected to raise interest rates tomorrow for the first time since 2008. Many people are now speculating that the Federal Reserve will begin raising the Federal Funds Rate at the end of 2011. NIA is receiving many new 'NIAnswers' and email questions on a daily basis, asking us what will happen to gold and silver prices if the Federal Reserve were to raise interest rates.

In our opinion, the Federal Reserve raising the Fed Funds Rate would actually be very bullish for gold and silver prices, because it will serve as an admission that even the Fed believes inflation is becoming a major problem and beginning to spiral out of control. Historically, the best performing time period for precious metals has been when the Fed begins to raise artificially low rates. Remember, when the Fed begins to raise rates, they will probably raise rates only 1/4 or possibly 1/2 of a percentage point at a time. Interest rates of 1% or 2%, although higher than 0%, are still artificially low and will do nothing to curtail inflation. NIA believes the real rate of U.S. price inflation is now 6% and we will need to see the Fed Funds Rate rise to a level that is higher than the real rate of price inflation, if the Fed wants to have any hope of preventing hyperinflation

Reply With Quote

  #61  
Old 04-28-2011, 05:26 AM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

Hi HO SILVER, AWAY!!

Food and ****** Inflation is Not Transitory


Federal Reserve Chairman Ben Bernanke on Wednesday held his first press conference in history. The press conference took place shortly after the Fed announced its decision to leave the Fed Funds Rate at a record low of 0% to 0.25%, where it has been for an unprecedented 28 months. The U.S. economy is flooded with U.S. dollars and is close to overdosing on excess liquidity. The fact that our financial markets are not falling on the possibility of the Fed not unleashing QE3 immediately at the end of QE2, shows that we could be on the verge of hyperinflation with or without QE3.

The Federal Reserve currently has a mandate of both maintaining price stability and facilitating job creation. However, central banks don't have the ability to create real employment. If any jobs happen to be created as a result of a central bank's policies, they are only temporary jobs created due to the errors and distortions of phony asset bubbles. All phony asset bubbles that are fueled by monetary inflation eventually burst, sending unemployment through the roof.

Almost every major central bank besides the Federal Reserve, understands the truth about job creation, and has a mandate that focuses solely on keeping price inflation low. The Bank of Japan, Swiss National Bank, Bank of Canada, and Bank of New Zealand, all have mandates that are entirely about low inflation and don't even mention the creation of jobs or the rate of employment. Bernanke said on Wednesday that, "while it is very, very important for us to try to help the economy create jobs and to support the recovery, I think every central banker understands that keeping inflation low and stable is absolutely essential to a successful economy."

Bernanke has decided to go down a route that no central banker has ever gone before. Bernanke has literally invented countless ways to create inflation that nobody else has ever thought of. If keeping inflation low was ever Bernanke's slightest concern, the Fed Funds Rate would currently be north of 5% and the U.S. economy would be in a steep recession. Bernanke has never once thought about keeping inflation low. He has literally implemented every measure he could possibly think of to create as much inflation as possible, while outright lying to the American public and saying that he isn't printing money and that inflation is under control.

Bernanke would like the public to believe that his policies of expanding the money supply through cheap and easy money will cause the U.S. economy to recover and unemployment to decline back to pre-crisis levels, and that right before price inflation spirals out of control, he can raise interest rates and prevent massive price inflation without disrupting the recovery. Unfortunately, this is impossible because the recovery isn't real and massive price inflation is already here. Bernanke's policies may have created 1 million artificial jobs since December of 2009, after 8.75 million jobs were lost in the previous two years, but he did this at the expense of 310 million Americans already seeing double-digit percentage increases in food and ****** prices.

Since after the Real Estate bubble burst in late-2008, the primary economic concern of Americans has been finding a stable job in order to make mortgage payments and put food on the table. Under the pressure of Congress, the Fed printed enough money to prevent a much needed recession that would be healthy for the long-term U.S. economy. In its attempt to reinflate the Real Estate bubble, the Fed has been destroying the free market and creating new economic distortions, which caused an artificial bounce in the rate of employment. Unfortunately, when you add together the money the Fed has either printed or committed for bailouts and stimulus programs, over $4 million has been spent for each job created. The Fed would have been better off just crediting the bank accounts of unemployed Americans with the average U.S. income.

When asked about rising gas prices, NIA is very happy that Chairman Bernanke acknowledged that gas prices "have risen quite significantly" and are "creating a great deal of financial hardship for a lot of people". Bernanke admitted that gas is a "necessity" as "people need to drive to work" for the artificial jobs Bernanke created at a cost of $4 million per job. However, Bernanke seemed to be confused when he said "higher gas prices add to inflation". The truth is, Bernanke's zero percent interest rates and quantitative easing are the inflation, and inflation leads to higher gas prices.

Bernanke is directly responsible for gas prices rising back to $3.87 per gallon, yet refuses to admit it. Bernanke placed the blame on the growing global and emerging market economies, and their strong demand for oil. He said that America's demand for oil is going down, which NIA believes is actually due to the U.S. dollar losing its purchasing power and Americans seeing their standard of living decline. Bernanke said there is nothing that he can do about rising oil and gas prices "without derailing growth entirely". The truth is, Bernanke already derailed growth entirely when he derailed the free market. It is impossible to see real economic growth when a government and central bank is interfering in every aspect of the economy and impeding the free market in every possible way. All nominal GDP growth in the U.S., along with growth in retail sales, is solely due to inflation. Even when the government adjusts GDP and retail sales growth to the rate of inflation, it is based off of the consumer price index, which NIA believes is currently understating price inflation by approximately 4%.

Although Bernanke denies he has the ability to reduce gas prices, he claims he can prevent "gas prices from passing into other prices and wages throughout the economy and creating a broader inflation which will be much more difficult to extinguish." Bernanke obviously doesn't want Americans to see higher wages because he believes it could lead to broader inflation, but NIA believes rising wages would be a good thing. Inflation hurts Americans most when the rate of inflation is far outpacing wage increases. The fact is, the U.S. is already experiencing broad inflation even without wage increases.

Bernanke's brand new favorite word as of late seems to be "transitory", which he used about a dozen times during his press conference. Despite what Bernanke says, NIA strongly believes that rising food and gas prices are not transitory. Bernanke likes the word "transitory" because he can use it to try and pretend that rising food and gas prices are only just a temporary phenomenon and that their current high levels aren't here to stay. Many Americans can remember the day 40 years ago when a can of Coca-Cola cost a dime and a Hershey chocolate bar cost a nickel, with a gallon of gas back then costing only thirty-five cents. Have rising food and gas prices over the past four decades been transitory?

NIA first predicted two years ago in its documentary 'Hyperinflation Nation', that rising food and gas prices would soon become the primary concern of all American citizens as a result of the Fed's dangerous and destructive monetary policies. Bernanke back then claimed that inflation would not be a problem and said that the U.S. risked deflation. If Bernanke has been so wrong about the inflation that Americans are faced with today, NIA doesn't see how anybody can possibly believe that Bernanke will be right and that current high food and gas prices aren't here to stay. In our opinion, the food and gas price inflation that Americans have experienced over the past 40 years, is likely to occur all over again during the next 4 years. NIA believes that 4 years from now, Americans will look back at the good old days of having cheap $4 a gallon gas.

The last thing the U.S. government wants is for the American public to realize that Bernanke is responsible for rising food and gas prices. If the public demanded to end the Federal Reserve, the government will no longer be able to spend recklessly knowing that the Fed will be there to monetize their deficit spending. In an attempt to make up excuses for rising gas prices and deflect attention away from the Fed, Congress has been pressuring the U.S. Attorney General to investigate the matter. Attorney General Eric Holder just announced the formation of the Oil & Gas Price Fraud Working Group. The stated purpose of this working group is to monitor the oil and gas markets for potential violations of criminal or civil laws to safeguard against unlawful consumer harm.

NIA considers this to be complete insanity. Any government interference in the oil markets will only drive oil prices up even higher. Oil prices are rising solely do to supply and demand. Demand is going through the roof because the Federal Reserve is creating a lot of inflation, and inflation always gravitates to the goods that Americans need the most to live and survive. Oil supplies are falling because President Obama has ordered U.S. troops to occupy Libya. In the past we at least made up excuses to invade countries like Iraq over oil by claiming they had weapons of mass destruction. Today, the U.S. government doesn't even bother. Obama campaigned as an anti-war President, saying he would bring our troops home from the middle-east. Instead, he has increased our middle-east troop levels, and the sheep who voted for him are showing absolutely no signs of outrage.

Reply With Quote

  #62  
Old 06-06-2011, 07:47 AM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

And the beat goes on

NIA Releases U.S. Economic and Inflation Update
The official U.S. unemployment rate rose during the month of May to 9.1%, up from 9% in April, with only 54,000 non-farm jobs being created for the month. The real unemployment rate including short and long-term discouraged workers is now 22.3%. The Bureau of Labor Statistics (BLS) used the birth/death model to produce a positive monthly bias during the month of May of 206,000 jobs, up from 175,000 in April, 117,000 in March, and 112,000 in February. Without the birth/death model, 152,000 jobs were lost during the month of May.

By utilizing the birth/death model, the BLS is assuming that during the month of May, the number of new jobs created by start-up businesses were 206,000 greater than the number of jobs lost from companies going out of business. NIA finds this assumption to be absurd and believes it is likely that jobs lost from companies going out of business were actually much higher than jobs created by new start-up firms. It is obvious to us that the BLS is using the birth/death model to manipulate unemployment figures to make the U.S. employment situation seem far less worse than it truly is. There is absolutely no legitimate reason for the birth/death model upward bias to have increased 84% over the past three months.

McDonald's recently had their own "National Hiring Day" in which they encouraged Americans to apply for new jobs at the company. All together, 1 million Americans applied for 62,000 jobs at McDonald's and over 900,000 Americans had to be turned down. To us, this is a sign that despite government economic statistics that are bottom bouncing from their lows due to the Federal Reserve printing trillions of dollars out of thin air, the U.S. economy is still in a severe downturn without the possibility of a real recovery. It is NIA's belief that the Fed needs to allow the U.S. economy to enter into a severe depression where all bad debts can be liquidated and the free market can rebalance the economy from the ground-floor with a solid foundation.

The fact that the BLS needs to resort to deceptive birth/death model manipulative practices to give the appearance of any job creation, proves that the Federal Reserve's destructive monetary policies of zero percent interest rates and endless money printing are not creating a sustainable reduction in the unemployment rate. Bernanke can claim all he wants that America's inflation is transitory, but the only thing transitory about our economy is the artificial decline in the official U-3 unemployment rate from its peak in October of 2009 of 10.1%. The real unemployment rate has increased since October of 2009 and NIA believes that the official unemployment rate will likely rise back into double-digit territory in 2012.

From October of 2009 until now, the number of employed Americans has increased by 1.09% while the U.S. population has increased by 1.12%. The only reason the official unemployment rate has declined from 10.1% down to 9.1% is a decline in the labor force participation rate from 65.1% down to 64.2%. Based on what the labor force would be today if the participation rate had stayed the same over the past 20 months and factoring in the increasing population, 2.1 million Americans have completely given up looking for work.

The 1.09% increase in employed Americans over the past 20 months comes at the expense of a $1.30 increase in the price of gas from $2.48 to $3.78 per gallon for a gain of 52% during this time period. Many agricultural commodities have increased over the past 20 months by an even greater percentage than gas. Although prices of all commodities are volatile and have many short-term ups and downs, NIA believes that gas prices are heading to $5 per gallon over the next 12 months and food inflation is going to rapidly accelerate in the months and years ahead.

Prices are now beginning to rapidly rise for U.S. goods outside of the food and ****** sectors. 90% of sporting goods manufacturers have seen their input costs rise substantially this year and 41% of them have already announced major price increases for athletic apparel, footwear, and sports equipment. As the 8,000 toy manufacturers in China are forced to raise the wages they pay their employees, Toys R' Us is now beginning to see major wholesale price increases for their products, which they will have to pass on to U.S. consumers. Hasbo recently raised prices on all of their products by 6% to 7%. Mattel recently imposed an across the board high single digit price increase after reporting a 33% decline in quarterly profits (despite sales surging by 8%) due to skyrocketing raw material costs.

The U.S. is about to be cut off from its two largest foreign lenders China and Japan, which means the Federal Reserve will need to fund all of the U.S. government's deficit spending through outright money printing. Federal Reserve holdings of U.S. treasuries just reached a new record of $1.532 trillion. Meanwhile, China's U.S. treasury holdings have fallen five months in a row down to $1.145 trillion. Chinese central bankers are now calling for the country to reduce their foreign exchange reserves, which have increased by $200 billion this year up to over $3 trillion. Japan is currently the third largest holder of U.S. treasuries with treasury holdings of $907.9 billion. Unfortunately, Japan is in desperate need to raise $300 billion to fund their rebuilding efforts and this will likely come from them dumping some of their U.S. treasuries, during a time when the U.S. desperately needs Japan to buy more U.S. treasuries than ever before.

If we look back at previous occurrences of hyperinflation in countries like Bolivia and Brazil, hyperinflation broke out as soon as their central banks were forced to begin monetizing the bulk of their government's deficit spending, as foreigners stopped lending. China's inflation crisis is a direct result of the Fed's quantitative easing and the monetary inflation that we have exported to them in return for their sporting goods, toys, and other products they produce. If China stops buying U.S. treasuries and decides to instead use their foreign currency reserves to accumulate gold that can be used to back their own currency, the Fed will have no other choice but to become the U.S. treasury buyer of last resort. Not only will we see quantitative easing to infinity, but we will see the $1.5 trillion in excess reserves currently parked at the Fed enter into the money supply and increase the money supply by as much as $15 trillion.

Besides gold, one place where the Chinese are investing their money in order to diversify out of U.S. dollars is Real Estate. Housing prices in Beijing and Shanghai rose 28% and 26% last year respectively. With concerns that Chinese Real Estate is becoming a bubble, the Chinese are now buying Real Estate in North America. However, they are avoiding the U.S. Real Estate market because of the civil unrest that will take place in major U.S. cities during hyperinflation due to empty store shelves. The most popular destination for the Chinese in North America is Vancouver, where Real Estate prices are now more expensive than New York City. While New York City Real Estate prices still haven't finished deflating, Vancouver Real Estate prices are soaring to new record highs due to Chinese buyers, with the average Vancouver home price rising 14% last year. In the Westside section of Vancouver, housing prices are up 77% since 2005.

Canada's GDP grew by 3.9% in the first quarter of 2011 on an annualized basis, up from 3.1% in the fourth quarter of 2010, 2.5% in the third quarter of 2010, and 2.3% in the second quarter of 2010. Canada's GDP growth has increased for four straight quarters. U.S. GDP growth in the first quarter of 2011 declined to 1.8% on an annualized basis, down from 3.1% in the fourth quarter of 2010. Canada's Prime Minister Stephen Harper just announced plans on Friday to attract more foreign capital and diversify trade in an attempt to protect Canada from a collapsing U.S. economy.

The U.S. still has a AAA credit rating even with its 2011 budget deficit projected to reach 43% of government expenditures, exactly the same as Brazil's budget deficit as a percentage of expenditures right before they experienced hyperinflation. There is a major charade taking place in Washington today where Republicans are calling for spending cuts to take place in order for them to approve an increase in the debt ceiling. NIA predicts that the debt ceiling will be raised no matter what, most likely at the very last minute. We have zero confidence that Washington will implement any kind of meaningful spending cuts. The U.S. government clearly chose inflation over austerity in its attempt to stimulate the economy. It doesn't make sense for them to reverse course now, because then they will look incompetent for not having chosen austerity to begin with.

The U.S. currently has a budget deficit from Social Security, Medicare, Medicaid, and other mandatory programs alone, without even paying the interest on our national debt. Major entitlement spending cuts are necessary if we are going to have even the slightest hope of balancing the budget and preventing hyperinflation. Unfortunately, most Americans have become dependent on entitlement programs and government transfer payments just to survive. These Americans fail to realize that the reason they are dependent on food stamps and other transfer payments to survive is because of the government's deficit spending and the Federal Reserve's massive monetary inflation. Only when the dollar completely collapses and Americans' unemployment and Social Security checks aren't worth enough to pay for the gas needed to drive to the bank to cash them, will they understand the need to elect a President like Ron Paul who will mandate a balanced budget and return the country to sound money, but by that time it will be too late. The only way America will survive as an industrialized nation is if we educate as many Americans as possible to the facts and truth about the U.S. economy that the mainstream media ignores, so that as many Americans as possible can prepare for hyperinflation and we have enough resources to rebuild afterwards.

It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at: http://inflation.us

Reply With Quote

  #63  
Old 07-30-2011, 03:34 PM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

NIA Exposes Debt Ceiling Truth


NIA hasn't written about the whole debt ceiling issue over the past few weeks because in our minds it is completely irrelevant. Our elected representatives in Washington along with the mainstream media have been wasting thousands of hours of time and hundreds of millions of dollars debating a topic that has no meaning at all. The President, Senate, and House of Representatives are putting on a show to make it look like they care about cutting spending and balancing the budget. Except for a select few elected representatives like Ron Paul who care about protecting the U.S. Constitution and preserving what little purchasing power the U.S. dollar still has left, every other politician in Washington is putting on a complete charade in order to trick their constituents into believing there is a difference between the proposals from the Republicans and Democrats.

While our incompetent and corrupt mainstream media has been proclaiming there are major differences between the two bills proposed ** House Speaker John Boehner and Senate Majority Leader Harry Reid, NIA believes John Boehner might as well be a Democrat and Harry Reid could easily pass himself off as a Republican. There are absolutely no meaningful fundamental differences between Boehner's plan that was approved ** the House of Representatives yesterday evening, before being killed ** the Senate two short hours later, and Reid's bill, which was just rejected ** the House today in a pre-emptive vote before the Senate even had a chance to vote on it.

Both bills are estimated to reduce the U.S. budget deficit ** approximately $900 billion over the next 10 years. Of the $900 billion only about $750 billion are actual discretionary spending cuts with the rest being an expected reduction in interest payments on the national debt as a result of either bill passing. When you have an unstable fiat currency that is rapidly losing its purchasing power and could collapse at any time, it is impossible to accurately project what our budget deficits will be 5 or 6 years from now, let alone 9 or 10 years from today. As far as the next two fiscal years are concerned, both proposed bills from Boehner and Reid are estimated to only cut spending ** a total of about $70 billion in fiscal years 2012 and 2013 combined.

The budget that former President Bush submitted to Congress in early-2007, projected the deficit to decline in each of the following four fiscal years. Not only did the deficit not decline the next four years in a row, but it nearly tripled in 2008 and from there more than tripled in 2009. Shockingly, Bush's budget actually projected a $61 billion surplus in fiscal year 2012, but instead we will have a budget deficit of $1.1 trillion based on President Obama's latest budget, which takes into account unrealistic GDP growth next year of 4.86%.

U.S. GDP growth for the first quarter of 2011 was just revised down yesterday ** 81% from 1.91% to 0.36%. The advance estimate of second quarter GDP growth came in at 1.28%, well below the consensus estimate of 1.8%. NIA is going to really go out on a limb and predict that second quarter GDP growth will soon be revised downward as well. If this is the highest GDP growth the U.S. could muster after the Federal Reserve's $600 billion in QE2 money printing, this should prove once and for all that monetary inflation does not create real economic growth and employment.

The U.S. Treasury as of Thursday night had $51.6 billion in cash, with its cash position declining ** $15.2 billion during the previous 24 hours. It expects to bring in $172.4 billion from August 3rd through August 31st in tax receipts, but is scheduled to pay out $306.7 billion during this time period for an estimated deficit of $134.3 billion. The U.S. is scheduled to make its next interest payment on the national debt on August 15th and it will equal approximately $30 billion. Over the last 9 months the U.S. has spent a total of $385.9 billion on interest payments on the national debt, which means it is on track to spend a record $514.5 billion this year on interest payments alone. Just a tiny 30 basis point increase in the interest rate on the national debt would totally wipe out the deficit reductions proposed ** both Boehner and Reid.

The U.S. Treasury has been able to pay its bills in recent weeks ** using many different accounting gimmicks. However, come Tuesday, there will be no more accounting tricks left to play and the U.S. won't be able to meet all of its obligations. Without a raise in the debt ceiling, the U.S. government will have to prioritize who it pays using the tax receipts coming in, which will probably include the $30 billion interest payment on the national debt (to avoid a default), $49.2 billion in Social Security payments, $50 billion in Medicare/Medicaid payments, $31.7 billion in defense payments, and $12.8 billion in unemployment benefits. With $23 billion of the $49.2 billion in Social Security payments due to be paid on August 3rd and $59 billion in t-bills due on August 4th, the U.S. Treasury's remaining cash balance could dissipate very quickly.

The 10-year bond yield reached a new 2011 low yesterday of 2.785%, its lowest level since November 30th of last year. It is approaching its record low of 2.08% from December of 2008 during the middle of the financial crisis. With threats of a U.S. debt default making headlines across the world, investors are once again rushing into U.S. bonds as a safe haven. It is almost as if the whole world has gone insane. The world is fearful of the U.S. government defaulting on its debt and not being able to pay off maturing bonds, so as a safe haven let's just all rush into the very asset that will soon be worthless due to either an honest default or default ** inflation. The U.S. dollar bubble is the largest and longest running bubble in world history and U.S. bonds are currently mispriced big time.

U.S. dollar-denominated bonds should be the last asset in the world to benefit from fears of a U.S. debt default. One positive sign that NIA members are having success at spreading our message to the world is that gold reached a new all time high yesterday, rising $15 to $1,631 per ounce, with silver rising $0.31 to $40.10 per ounce. Thanks to the efforts of NIA members who worked tirelessly to spread the word about NIA's economic documentaries including 'Meltup', 'The Dollar Bubble', and 'Hyperinflation Nation', a larger percentage of the global population than ever before is educated about the global currency crisis that is ahead.

During the financial crisis of late-2008/early-2009, gold and silver prices declined along with all other assets. Today, NIA estimates that half of the world's investors seeking a safe haven are buying dollar-denominated assets like U.S. Treasuries and the other half are seeking safety in precious metals. ** mid-2012, investors will most likely no longer look at U.S. bonds and other dollar-denominated assets as a safe haven. During future times of uncertainty, NIA believes that precious metals will receive nearly 100% of safe haven buying, just like the U.S. dollar received 100% of safe haven buying in late-2008/early-2009.

Once the debt ceiling is inevitably raised, the U.S. Treasury will have a lot of catching up to do in order to get its house in order, and we will likely see the largest amount of debt ever sold ** the U.S. government in a single month. With QE2 having finished at the end of June, the U.S. will be relying on foreigners in these upcoming record Treasury auctions. In our opinion, we are likely going to see interest rates rise at an unprecedented rate that will shock the world.

Don't believe the mainstream media's laughable claim that there is a shortage of U.S. Treasuries. It was just reported yesterday that Cambodia, one of the most rapidly growing emerging market economies with GDP growth this year of 6.5%, is moving away from the U.S. dollar, which currently accounts for 90% of their currency in circulation, in favor of its own currency the riel. NIA believes it is only a matter of time until China ends its currency peg with the U.S. dollar. The world is flooded with trillions of dollars in U.S. Treasuries that will soon have no buyers except the Federal Reserve. There is no chance of yields falling below record lows from December of 2008.

The mainstream media has been reporting all week that if the U.S. defaults on its debt as a result of a failure to raise the debt ceiling, it will be the first time that our nation has defaulted on its debt obligations. Most NIA members know that the real U.S. debt default already occurred in 1971 when President Nixon closed the gold window and stopped allowing foreign governments to convert their U.S. dollar holdings into gold. Since then, the U.S. currency system has been completely fiat and the national debt has increased ** 3,400%.

For the past 40 years, the U.S. government has been running on fumes left over from when countries were able to convert their paper U.S. dollars into gold. The price of gold has increased ** 3,900% during this time period, meaning the U.S. dollar has lost 97.5% of its purchasing power. Meanwhile, the median household income has only increased ** 384%. In terms of gold, the median U.S. household is earning 87.9% less income today than they did in 1971. The U.S. debt default of 1971 was many times more significant than the pending debt default, because back then our foreign creditors expected to receive real money and not a piece of paper with no real value that we print. The average American family has experienced a dramatic decline in its standard of living since 1971. The U.S. dollar and its reserve currency status is currently serving as the last thread that is keeping our "house of cards" economy propped up.

The U.S. debt ceiling is very similar to a publicly traded company's authorized shares. When a public company consistently loses money like the U.S. government does, they print new shares just like the Federal Reserve prints dollars and when its total outstanding shares reach the shares authorized, the company's Board of Directors simply raises the shares authorized, which allows it to continue issuing shares and diluting shareholders. Since 1962, the U.S. has raised its debt ceiling 74 times. Any public company that needed to raise its authorized shares 74 times would likely have seen its stock price decline ** 99.99% from above $10 to below 1 penny.

NIA is strongly against an increase in the debt ceiling because there are ways for our country to stay afloat and continue operating without getting deeper into debt. The U.S. is currently supposed to have 8,133.5 tonnes of gold reserves at Fort Knox. We don't know for sure if these gold reserves still exist because the last audit of our gold reserves took place in 1954 and we had the little minor issue of our real debt default in 1971. Assuming that all of our gold is still there, this gold is worth $426.5 billion at the present time, enough to cover our U.S. government's deficit spending for almost four whole months. The U.S. government also owns valuable land, buildings, monuments, and other types of Real Estate, that could also be worth hundreds of billions of dollars. Although we don't support selling all of our gold and Real Estate, if the U.S. government isn't going to implement real spending cuts that will lead to a balanced budget, we rather sell our assets than see the dollar-denominated savings and incomes of all Americans lose its purchasing power.

If we continue raising the debt ceiling and getting deeper into debt in order to pay back the debts we already have, we are defaulting on our debts through inflation. With gold at a record high of $1,631 per ounce, the market is clearly telling us that a default through inflation is coming. As the Chinese, Japanese, and our other creditors are paid back in U.S. dollars that are rapidly losing their purchasing power, they will be reluctant to increase their purchases of U.S. Treasuries in the future, which we desperately need them to do in order to fund our spending increases. With the Federal Reserve likely to become the Treasury buyer of last resort, the world will lose their confidence in the U.S. dollar and hyperinflation could potentially break out as soon as 2013.

NIA believes it is very likely that U.S. GDP will begin declining again in late-2011, which will officially put the U.S. in double-dip recession territory. In our opinion, the U.S. is still in the early stages of a hyperinflationary depression and the so-called economic recovery reported ** the government and mainstream media has been completely phony and only due to misleading and manipulated economic statistics that don't factor in the real rate of U.S. price inflation. We expect Federal Reserve Chairman Ben Bernanke to do everything in his power to avoid a double-dip recession at all costs.

** the end of 2011, we are confident that not only will we see QE3 under a new name, but the Fed will act to force banks to lend their $1.6 trillion in excess reserves. It is a joke that we are debating spending cuts of $70 billion over the next two years, when only very dramatic across the board spending cuts of 50% or more of the total budget will give the U.S. any hope of balancing the budget and avoiding hyperinflation. Best case scenario, if the U.S. government cuts spending ** 50% or more in all areas of the budget including entitlement programs and is able to prevent hyperinflation, NIA still believes we will see the U.S. dollar lose 90% of its purchasing power this decade with the price of gold rising to above $16,000 per ounce.

http://inflation.us



Reply With Quote

  #64  
Old 08-19-2011, 03:01 PM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

Facts and Truth About U.S. Inflation, Debt, and Political Crisis

The U.S. Bureau of Labor Statistics (BLS) yesterday released their consumer price index (CPI) data for the month of July. The BLS reported an increase in year-over-year CPI growth to 3.63%, the highest rate of U.S. price inflation since October of 2008. July's official government reported year-over-year U.S. price inflation rate of 3.63% was up from 3.56% in June, 3.57% in May, 3.16% in April, 2.68% in March, 2.11% in February, 1.63% in January, 1.5% in December, and 1.1% in November.

The official rate of U.S. price inflation has increased ** 230% over the last eight months. NIA conservatively projects the official rate of U.S. price inflation to surpass 4% ** year-end and 5% in early 2012. NIA estimates the real rate of U.S. price inflation, without geometric weighting and hedonics, to currently be approaching 8%. NIA projects the real rate of U.S. price inflation to reach double-digit territory ** mid-2012, if not much sooner.

Gold prices today reached a new all time high of $1,877 per ounce. Gold is the best gauge of inflation, not the CPI. On June 15th when the BLS reported May CPI data, gold was trading for only $1,520 per ounce. Even though the BLS reported a year-over-year CPI increase for the month of May of 3.16%, the mainstream media reported that inflation was slowing down and not a problem because gas prices were declining. Although seasonal adjusted gas prices in the month of May were down 2%, NIA reported to you that non-adjusted gas prices actually rose 3.6%. NIA then warned you that the BLS's seasonal adjustments will reverse beginning in the month of July and start boosting reported gas prices.

NIA was right, seasonal adjusted gas prices in the month of July increased 4.7%. The mainstream media intentionally misled Americans about price inflation during the month of June, but the world is now recognizing the truth about how U.S. price inflation is spiraling out of control with the price of gold having risen 23% since mid-June. The investment community is also finally realizing what NIA has been saying for years, inflation does not create real economic growth.

The Dow Jones declined today ** 172.93 points to 10,817.65 and the Dow Jones/Gold ratio fell to 5.84. The Dow Jones/Gold ratio is declining at a faster rate than even we expected. NIA was one of the only organizations in the world to accurately predict that the Dow Jones/Gold ratio would decline to 6.5 in 2011. NIA continues to believe that the Dow Jones/Gold ratio will decline to 1 this decade, which will mean another 83% loss for Dow Jones stocks in terms of real money.

The lower the stock market declines in the near-term, the greater the chances are that the Federal Reserve will soon unleash QE3 in disguise under a new name. Despite gold reaching a new all time high, the core-CPI, which the Federal Reserve likes to use to gauge inflation because it excludes food and ****** prices, is currently up 1.77% on a year-over-year basis, compared to an annual gain of 0.61% in October of last year. Even though core-CPI growth appears to still be low, year-over-year core-CPI growth has increased ** 290% since October of last year, a larger gain on a percentage basis than the official CPI. Ever since the Federal Reserve announced QE2 in November of last year, core-CPI has increased for nine straight months.

** the time the 2012 Presidential election comes around, inflation will be the top concern on the minds of all Americans. Inflation will be an even bigger concern than unemployment, because nobody will want to have a job that pays them a salary in U.S. dollars. The only Presidential candidate who has the knowledge and courage necessary to preserve what little purchasing power the U.S. dollar still has left is Ron Paul. NIA supports Ron Paul to become the Republican nominee in the 2012 U.S. Presidential election. To become the Republican nominee, Ron Paul will need to win the Republican presidential primaries. Unlike the general election to be held on November 6th, 2012, the Republican primaries are a series of primary elections and caucuses that are spread out over five months beginning in February.

Iowa is always the first state to vote and will have their caucuses on February 6th, followed ** New Hampshire on February 14th, Nevada on February 18th, and South Carolina on February 28th. The results of the first few primaries/caucuses usually influence how people will vote in the following primaries/caucuses. It is important for a candidate to build momentum early on. If a candidate doesn't have a strong showing in early primary states, they frequently drop out of the race before all of the primaries/caucuses are completed.

The way the primaries are structured gives voters in early primary states, especially voters in Iowa, a lot of power compared to voters in states like New York who very often don't vote until the nominee has already been determined. About six months before every Iowa Republican primary is the Ames Straw Poll, an unofficial Presidential straw poll that takes place in Ames, Iowa, of who Iowa voters are planning to support in their caucuses. The 2011 Ames Straw Poll just took place on August 13th with Michele Bachmann finishing first place with 4,823 votes and Ron Paul coming in second with 4,671 votes, only 152 votes behind Bachmann.

To attend the Ames Straw Poll and have the opportunity to vote in the poll, attendees were required to purchase a ticket priced at $30. Bachmann gave her supporters 6,000 free tickets at a cost to her campaign of $180,000. Only 80% of the people she gave free tickets to actually voted for her and that's assuming none of the people who bought tickets voted for her. Bachmann didn't just pay for the entrance of 6,000 people who she thought supported her, but she paid a small fortune to have Grammy Award winning country singer Randy Travis perform in a special air-conditioned tent. Bachmann even paid to transport forty bus loads of Randy Travis fans to the event, who were required to register at the Bachmann table and vote before seeing the entertainment.

With Bachmann spending a total of nearly $1 million on this event, she should have won the straw poll in a blow out. Click on the link below to see a shocking video we just posted to the NIA blog of the never ending line of Bachmann "supporters" registering at her table so that they could vote without paying the $30 fee. NIA believes that many of these people pretended to support her in order to get free tickets, but actually voted for Ron Paul: http://inflation.us/blog/2011/08/cra...raw-poll-line/

The morning after Bachmann's phony victory, she appeared on five different nationwide talk shows. Ron Paul wasn't allowed to appear on any, with both 'Meet the Press' and 'Fox News Sunday' canceling interviews they had scheduled with him. Meet the Press spent the morning talking about Bachmann's win and Tim Pawlenty dropping out of the race after finishing third with less than half of the votes of Bachmann and Ron Paul. They barely mentioned Ron Paul even when he finished in a statistical dead heat with Bachmann.

Even more frustrating and disturbing, the Wall Street Journal published a long article Sunday morning about the race and it focused almost entirely on Bachmann's straw poll win and Rick Perry's entry into the race. The article only had one sentence about Ron Paul that read, “Libertarian Ron Paul, who has no chance to win the nomination, finished a close second.” On Monday morning, Ron Paul was scheduled to appear on NBC’s 'Today' show, but that interview was canceled as well with an NBC official saying it was due to "logistics and timing reasons with the news in Indiana and Somalia."


The mainstream media believes that if they repeat "Ron Paul has no chance of winning" enough times, it will be a self-fulfilling prophecy. The same applies to the media constantly referring to Mitt Romney as the front-runner. The media supports Romney because they like how he is a part of the Republican establishment and if elected would stick with the status quo in Washington.

Four years ago when Ron Paul was relatively unknown, Romney was the winner of the 2007 Ames Straw Poll. Rudy Giuliani and John McCain, who were both also seeking the 2008 Republican presidential nomination, chose not to participate in the 2007 Ames Straw Poll. Romney at the time in his own words called Giuliani and McCain cowards. Romney said, "I think if they thought they could have won, they would have been here," and "If you can't compete in the heartland, if you can't compete in Iowa in August, how are you going to compete in January when the caucuses are held, and how are you going to compete in November of '08?"

NIA believes that if Romney thought that he could have won the 2011 Ames Straw Poll, he would have been there. Romney knows that he lost all of his grassroots supporters when he spoke out in favor of the Federal Reserve's destructive monetary policies and said Fed Chairman Ben Bernanke was doing a good job. Romney showed his true colors when he said that the Federal Reserve is a non-issue and that he won't be discussing it during his campaign. He has now proven himself to be a hypocrite who was scared of looking bad ** losing to Ron Paul in the straw poll and losing his "front-runner" status that was handed to him ** the mainstream media. If Romney was afraid to compete in Iowa this month, NIA sees no chance of him winning in Iowa this February and no chance of him winning the Republican nomination.

With Iowa voters having a lot of power being in the first primary state, Iowa residents have spent more time researching the candidates than residents of most other states. Because Iowa voters are educated on the issues, especially issues affecting the economy, the media knew Ron Paul would have a strong showing in the Ames Straw Poll and for weeks leading up to it ran countless stories designed to downplay the poll and make it seem irrelevant. One Fox News reporter even went as far as saying that winning the straw poll is a negative and makes it nearly impossible to win the nomination. None of these things were said before the poll in 2007 because the media knew their darling Romney would win.

All educated Americans who understand the facts and truth about the U.S. economy and inflation are in strong support of Ron Paul because of his 24 year record in Congress of voting against increases in government spending and taxes, and voting for measures to strengthen our currency and reduce monetary inflation. Ron Paul stands for everything that NIA believes in such as liberty, freedom, and sound money. He has done more to protect the U.S. Constitution than any other person in Washington. Our founding fathers had the foresight 224 years ago to see the economic problems we have today. Even back then, rulers of nations had a history of coin clipping, replacing the silver in coins with base metals, and implementing other measures that stole from the purchasing power of ordinary citizens. Our founding fathers never would have imagined just how easy it has become to create inflation, where now the Federal Reserve with the click of a mouse can credit trillions of dollars to any banking institution worldwide.

For years, the media has dismissed Ron Paul's fight against the Federal Reserve and its destruction of the U.S. dollar. The media calls Ron Paul's ideas radical, but NIA believes Ron Paul is the most sane person in Washington. NIA believes balancing the budget, auditing the Federal Reserve, returning to a gold standard, and bringing our troops home from the Middle East, are all sane ideas that must be implemented if we want to have any hope of avoiding hyperinflation.

Rick Perry, the governor of Texas who just entered the race for the Republican presidential nomination, was recently asked about the Federal Reserve and in response he called Bernanke's acts of printing money "treasonous". NIA was the first to call Bernanke's actions treasonous. Back on December 9th of last year, NIA released an article entitled "WikiLeaks, Bernanke, and Hyperinflation" in which NIA said that it was "deeply disturbed ** how U.S. politicians and the mainstream media have been calling for WikiLeaks founder Julian Assange to be charged with treason." Although in no way does NIA support Assange or his actions, we expressed in our article how we don't believe it is a treasonous act to help spread the truth about our country's foreign policy and other sensitive topics when the information he posted was given to him and in no way did he hack any government systems to obtain it.

NIA went on to state in its December 9th article, "If there is one American who deserves to be charged with treason, it is Federal Reserve Chairman Ben Bernanke." It is not humanly possible to betray ones country in a way that is more egregious than Bernanke's despicable acts. NIA is currently in the process of producing a sequel to its critically acclaimed documentary 'Meltup', which has received over 1.1 million views with 96% of its viewers "liking" the movie and only 4% "disliking" it, a record for YouTube documentaries at least 50 minutes in length with over 1 million views. NIA's sequel to 'Meltup' will expose the latest updated facts and truth about the U.S. economy, Federal Reserve, and inflation. It will set a whole new standard as the most in-depth, informative, educational, and entertaining economic documentary ever produced. Most importantly, it will expose why Bernanke's actions are indeed treasonous.

As far as Rick Perry is concerned, he is really no different than Romney. Perry like Romney is a governor who was elected to office due to his strong ties to the Republican establishment. Both Perry and Romney according to many media pundits look very Presidential. You will never hear Perry or Romney speak a word about bringing our troops home, repealing legislation that invades Americans' privacy rights without making us any safer here at home, and eliminating entire departments of government including the Department of Education, Department of ******, Department of Commerce, Department of Health and Human Services, and Department of Homeland Security. These unnecessary bureaucracies have done nothing but add to our budget deficits, without a single success story to justify their existence.

Perry is not a true fiscal conservative. He and his wife complained that the Texas governor's mansion was too small and is now spending $11 million of President Obama's stimulus money to renovate and expand its size. With the construction now taking place at the governor's mansion and Perry unable to live there, Texas taxpayers have so far spent $700,000 to rent him an even bigger Texas mansion and to cover expenses at the mansion including Neiman Marcus window coverings and a subscription to Food & Wine Magazine.

What is unbelievable to us is that Perry for the most part has been a career politician, yet he has somehow managed to become a multi-millionaire while spending nearly all of his time in public office earning a relatively modest salary. Of course, if Perry was elected President, nothing much will change from the Obama administration and within a few years, he might become a multi-billionaire because a billionaire will be the new millionaire. Make no mistake about it, Perry may be trying to differentiate himself from Romney ** speaking out against the Fed, but as President of the United States of America, NIA guarantees that Perry wouldn't do a damn thing to limit the Fed's powers and stop it from wiping out both the savings of senior citizens and the purchasing power of their Social Security checks. Perry is already in the pocket of the big banks and we just posted an 11 second video on the NIA blog that proves it: http://inflation.us/blog/2011/08/sho...ut-rick-perry/

Reply With Quote

  #65  
Old 10-20-2011, 02:44 AM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

NIA Exposes Occupy Wall Street Truth


The Occupy Wall Street movement is gaining tons of momentum and is likely to continue picking up steam in the weeks and months ahead. Americans are angry but they aren't exactly sure what they are angry about and they don't know for sure who they should be angry with. It is easy for them to point their fingers at Wall Street, but Wall Street is in no way responsible for the financial crisis our country has today.

NIA believes that Occupy Wall Street protesters need to be educated to the facts and truth about the U.S. economy and what is truly causing our economic problems. NIA is getting ready to release 'Occupy Wall Street the Documentary', which NIA has produced so that Occupy Wall Street protesters can understand exactly what changes need to be made in America if our country is going to survive the Hyperinflationary Great Depression that will soon hit America and steal all remaining purchasing power that the U.S. dollar still has left.

NIA first saw signs of the protests taking place today back in November of 2009 when we were in Beverly Hills filming our documentary 'The Dollar Bubble'. We were alerted by NIA members to a major protest that was breaking out at the University of California. We went to see it and witnessed a very violent protest of students upset about a 32% increase in college tuition for the next semester.

The UCLA protest showed us just how angry Americans can become about inflation. Because we were forecasting massive food inflation to start breaking out in 2010, we made the prediction that we would see large "End the Fed" protests beginning in 2010. We did see massive food inflation in late 2010, accelerating greatly throughout 2011. However, we overestimated the ability for average Americans to quickly point the finger at the Federal Reserve. We also didn't expect many citizens of foreign countries, especially Arab nations, to begin protesting before Americans did.

About one year after the violent UCLA tuition inflation protest that we witnessed, a larger even more violent tuition inflation protest broke out in London. When Prince Charles' security detail made the mistake of driving him and the Duchess of Cornwall past the area where the protest was taking place, in a vehicle that cost more than what each protester will earn in the next ten years combined, about 50 of the protesters broke through the motorcycle police protecting the Prince chanting "Off with their heads!", beating on the side of their Rolls-Royce with sticks and bottles. Luckily, the car was armored and only suffered minor damages, keeping Prince Charles and the Duchess safe. A Jaguar behind it containing police officers was destroyed to the extent that the officers ended up using car doors from the Jaguar as shields, which still couldn't prevent six of them from being seriously injured.

The food inflation protests that NIA had been expecting for over a year, started to break out in late January of this year in Algeria, with citizens chanting "Bring Us Sugar!" Eight citizens were killed during the protests in Algeria. This quickly spread to a massive outbreak of civil unrest in neighboring Tunisia, where thousands protested food inflation and high unemployment. The Tunisian revolution led to the ousting of longtime President Zine El Abidine Ben Ali, but came at the expense of 79 protesters being killed.

This rapidly spread to the riots in Egypt. Before the Egyptian protests even began, six Egyptian citizens committed suicide in front of government buildings by dousing themselves with fuel and lighting themselves on fire. All together, 846 protesters were killed across different parts of Egypt and over 6,000 more were injured. The Egyptian protesters were eventually successful at getting Egyptian President Hosni Mubarak to resign from office.

NIA saw the resignation of Mubarak as a farce from the beginning. We couldn't understand how thousands of angry Egyptians who were calling for Mubarak's head would within seconds of his resignation announcement erupt into cheers like Egypt had just won the World Cup. The resignation of one man would not eliminate the corruption in Egypt's government and fix their inflation and jobs crisis. Most of Mubarak's cronies are still in power. Mubarak agreed to just take one for the team. For the protesters to declare victory and go home after one man announced his resignation shows that most of the protesters were sheep who were just copying their friends without having a real grasp on the issues affecting the economy in Egypt. What if Mubarak came back on television and said "I was just kidding" or "I just changed my mind and decided not to resign", would the protesters have come back?

After Egypt, the protests spread to Jordan and Yemen. Once again, food inflation was the main root cause of the protests, something that the mainstream media in the U.S. largely ignored when reporting on the protests. The American mainstream media was not allowed to discuss inflation when corresponding about the global inflation protests, because it didn't want the world to connect the dots and realize that Federal Reserve Chairman Ben Bernanke is more responsible for the global food inflation crisis and protests than the leader of any foreign country.

Because of the U.S. dollar's status as the world's reserve currency, the majority of the world's most important agricultural and ****** commodities are traded in U.S. dollars. When Bernanke prints trillions of dollars out of thin air in an attempt to reinflate the Real Estate bubble and lower unemployment in the U.S., it has a direct affect on what foreigners pay for all goods and services around the world. With China printing massive amounts of Yuan to keep it pegged to the U.S. dollar and the Bank of Japan intervening to keep the Yen from appreciating too rapidly against the U.S. dollar, countries like Australia are now quick to blame any short-term dip in manufacturing, agriculture production, or ****** commodity exports on their currency being too strong against not just the U.S. dollar but the Yen, Yuan, and most other fiat currencies.

In just the last two weeks, the Australian dollar has risen 9.5% against the Yen, 8.5% against the U.S. dollar, and 8.6% against the Yuan. It should be no surprise to NIA members that attempts to copy "Occupy Wall Street" in Australia have been dismal. After 1,000 protesters initially showed up in Sydney on Saturday for their own "Occupy Wall Street" protest that was supposed to continue "indefinitely", less than 50 protesters remained on Monday as most people returned to work. Australia doesn't have an inflation or unemployment crisis because their central bank did the right thing and raised interest rates to 4.75% at a time when everybody else was lowering them. This is why since the inception of NIA we have always suggested Australia as our top choice for Americans to move to if they want to get out of harms way before hyperinflation hits the U.S. We hope that the Reserve Bank of Australia will continue to do the right thing and ignore calls from all around the world for them to lower rates.

The mainstream media is currently once again focused on the financial crisis in Europe, which is temporarily distracting from the debt crisis that really matters in the U.S. On Halloween, the official U.S. national debt for the first time ever will surpass U.S. GDP. At any time now without any warning or any new catalyst, we could see a huge onslaught of dollar dumping that causes the economic equivalent of 9/11.

There is no hope of preventing hyperinflation in America when President Obama is unwilling to consider any measure that would cut government spending in a meaningful way. In August when the Budget Control Act of 2011 was enacted by Congress, the mainstream media was widely reporting that the "supercommittee" formed by the act would be in charge of finding $1.5 trillion in spending cuts by Thanksgiving. In reality, this "supercommittee" that Obama was so heavily relying on to pay for his proposals in his "jobs bill", is not responsible for finding $1.5 trillion in spending cuts but only a $1.5 trillion reduction in the budget deficit over 10 years.

Obama promises to veto any proposals that make large spending cuts, especially to entitlement programs. Many Democrats are calling for a new 5% "surcharge" on Americans earning over $1 million per year. Within a few years, an annual income of $1 million will only have the purchasing power of what a $100,000 salary has today. This proposed new tax would discourage small business owners from expanding and hiring new employees. It would destroy any remaining hope that is left for a real economic recovery and encourage most American entrepreneurs to leave the country permanently.

The U.S. Bureau of Labor Statistics (BLS) yesterday released their consumer price index (CPI) data for the month of September. The BLS reported year-over-year CPI growth of 3.87%, the highest rate of U.S. price inflation in three years. The official government reported year-over-year U.S. price inflation rate of 3.87% for September was up from 3.77% in August, 3.63% in July, 3.56% in June, 3.57% in May, 3.16% in April, 2.68% in March, 2.11% in February, 1.63% in January, 1.5% in December, and 1.1% in November. Year-over-year increases in the CPI have risen by 252% over the last ten months.

Even year-over-year core-CPI growth rose for the 11th straight month to 1.97% in September, an increase of 223% from year-over-year growth of 0.61% in November. NIA estimates the real rate of U.S. price inflation to currently be 8.5% on a year-over-year basis. It was just announced that American retirees receiving Social Security will receive a 3.6% COLA increase, the first increase since 2009. Social Security is the main reason the U.S. government reports artificially low CPI numbers. By giving retired Americans only a 3.6% Social Security payment increase when real price inflation is now 8.5%, Congress gets to spend the difference in the ways they see fit.

With inflation spiraling out of control, the government knows that they soon won't be able to afford even the artificially low COLA increases they are making today. Congress is now exploring ways to keep future COLA increases as low as possible. Many clueless Keynesian economists in Washington are now arguing that the inflation measure the government uses to calculate COLA increases, the CPI-W, is overestimating true increases in the cost of living. These economists claim that Americans can shift between items and if veal prices are rising too much, they can eat chicken or if lobster prices are rising too much, they can eat shrimp. They propose that the government switches to a version of CPI that accounts for these changes, called "chain weighted" CPI.

All Americans know that their cost to maintain the same standard of living has increased by a lot more than 3.6% over the past year. The CPI-W being used today already artificially understates inflation so much that current Social Security recipients deserve to be receiving triple their current payments. If "chain weighted" CPI was being used today, American seniors would only receive a 3% COLA increase next year.

If the U.S. government did the right thing and invested all FICA tax receipts into gold, it would be able to give Social Security recipients an increase next year of around 8.5% like they should be entitled to. American seniors are being hurt most by inflation because health care has consistently had the highest rate of inflation out of all goods and services. A COLA increase of 3.6% is nothing when NIA estimates the real rate of health care inflation to currently be 15% or 76.5% higher than the overall real rate of price inflation. To artificially lower COLA increases even more would mean utter devastation to the U.S. economy as seniors would need to reenter the workforce and Americans with jobs would need to stop spending money on goods and services in order to help their parents. This would mean even less jobs for the youth in America and less support for them from their parents.

Reply With Quote

  #66  
Old 10-20-2011, 06:25 AM
willyjoe willyjoe is offline
Diamond Member
 
Join Date: Jan 2011
Posts: 3,462
Re: NIA Warns Massive Inflation Could Hit the U.S.

Quote:
Originally Posted by brucefan View Post
NIA Exposes Occupy Wall Street Truth


The NIA? You stupid fuck.

"Lebed was profiled in an episode of the 2001 BBC futurism documentary The Future Just Happened.[1] Lebed is currently the brains behind the National Inflation Association, which its cofounder George Hemminger said is used as an advertising mechanism to build Lebed's database which is then used to promote stocks to those on its mailing list."

http://en.wikipedia.org/wiki/Jonathan_Lebed

God, you people will suck on anything.
__________________
Yeah, but hey, we're white!
Romney/Ryan Campaign 2012

Reply With Quote

  #67  
Old 10-20-2011, 09:43 AM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

What you posted I believe is true

So is the piece I just posted, as is all the information in this thread

I dont recall posting any stock picks here???

Reply With Quote

  #68  
Old 10-20-2011, 10:43 AM
willyjoe willyjoe is offline
Diamond Member
 
Join Date: Jan 2011
Posts: 3,462
Re: NIA Warns Massive Inflation Could Hit the U.S.

Quote:
Originally Posted by brucefan View Post
Clueless as usual

The National Inflation Association is an organization that is dedicated to preparing Americans for hyperinflation. The NIA offers free membership at http://www.inflation.us and provides its members with articles about the economy and inflation, news stories, important charts not shown by the mainstream media; YouTube videos featuring Jim Rogers, Marc Faber, Ron Paul, Peter Schiff, and others; and profiles of gold, silver, and agriculture companies that we believe could prosper in an inflationary environment
Jesus, you people will suck on anything.

"
Jonathan Lebed (born September 29, 1984) is an American notorious for using internet technology to hype stocks.
Between September 1999 and February 2000 Lebed made hundreds of thousands of dollars by posting in internet chat rooms and on message boards encouraging people to buy penny stocks he already owned, thus, according to the SEC, artificially raising the price of the stock. The SEC under Arthur Levitt prosecuted him. In 2001 Lebed and the SEC negotiated an out-of-court settlement in which Lebed forfeited $285,000 in profit and interest he had made on 11 trades without admitting any wrongdoing — allowing him to keep close to half a million dollars."

"Lebed was profiled in an episode of the 2001 BBC futurism documentary The Future Just Happened.[1] Lebed is currently the brains behind the National Inflation Association, which its cofounder George Hemminger said is used as an advertising mechanism to build Lebed's database which is then used to promote stocks to those on its mailing list."

http://en.wikipedia.org/wiki/Jonathan_Lebed

"“One of our missions at the National Inflation Association is to discover and profile companies that we believe will prosper in an inflationary environment. Typically we will bring to you producing, profitable, Gold and Silver companies with strong balance sheets. We believe these stocks have a chance of becoming some of the best performers of the next decade.” Most of their 22 companies on their stocks page are gold or silver companies."

http://scandalousmuffin.wordpress.co...ear-mongering/

"Both NIA and Wall Street Grand push a wide variety of precious metals stocks. Thoma told Media Matters that NIA "seems to be designed to get people to invest in gold and silver by making them believe that hyperinflation is just around the corner," and speculated that there might be "a connection between the site and firms operating in gold and silver markets.""

http://mediamatters.org/blog/201011170013

SchiffReport: National Inflation Association co-founder admits NIA is a FRAUD!

http://maxkeiser.com/2011/05/26/schi...ia-is-a-fraud/
__________________
Yeah, but hey, we're white!
Romney/Ryan Campaign 2012

Reply With Quote

  #69  
Old 10-20-2011, 11:45 AM
willyjoe willyjoe is offline
Diamond Member
 
Join Date: Jan 2011
Posts: 3,462
Re: NIA Warns Massive Inflation Could Hit the U.S.

Quote:
Originally Posted by brucefan View Post
What you posted I believe is true

So is the piece I just posted, as is all the information in this thread

I dont recall posting any stock picks here???
I don't think anyone's surprised that you would follow a hominid of this caliber, especially if it fit with your twisted fucked up world view.
__________________
Yeah, but hey, we're white!
Romney/Ryan Campaign 2012

Reply With Quote

  #70  
Old 10-20-2011, 05:23 PM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

Quote:
Originally Posted by willyjoe View Post
I don't think anyone's surprised that you would follow a hominid of this caliber, especially if it fit with your twisted fucked up world view.
I guess you have a hard time with reading.

I get it, things get a little blury after the 5th or 6th cold one

Reply With Quote

  #71  
Old 10-21-2011, 03:02 AM
brucefan's Avatar
brucefan brucefan is offline
Diamond Member
 
Join Date: Sep 2005
Posts: 2,342
Re: NIA Warns Massive Inflation Could Hit the U.S.

Not a stitch of truth in here. Play no attention to whats been posted


http://philadelphia.cbslocal.com/201...mbing-rapidly/

Food Costs Climbing Rapidly

PHILADELPHIA (CBS) - The cost of food is way up this year and if the trend continues we could see the biggest annual increase in three decades.

Reply With Quote

  #72  
Old 03-01-2012, 03:09 PM
ou8124us ou8124us is offline
jus gittn schooled
 
Join Date: Mar 2012
Posts: 1
Re: NIA Warns Massive Inflation Could Hit the U.S.

So, is this hyperinflation going to hit. I skimmed through the posts but not in depth and if it does we have to get together and find common ground to get rid of these problems. Not try and intellectualize each others posts even if we don't agree, comradery among the common folk will prevail. what is the first thing we as the people of this nation should do?


Reply With Quote

Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
Massive Growth in MLM ChrisDoyle MLM Scams 210 02-02-2012 02:44 PM
Gen. Petraeus Warns Against Using Torture ianmatthews Political Chat 3 05-12-2007 04:06 PM
Inflation, Dow 13K and the Second Great Depression ianmatthews Political Chat 20 04-30-2007 08:26 PM
The Massive Whispering wind Conspiracy Theories 6 11-30-2005 05:43 AM
Massive eBay scam sthoemke Business Scams 2 09-20-2005 01:42 PM

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump




This site may contain advice, opinions and statements of various information providers. Scam.com does not represent or endorse the accuracy or reliability of any advice, opinion, statement or other information provided by any information provider, any User of this Site or any other person or entity. Reliance upon any such advice, opinion, statement, or other information shall also be at the User’s own risk. Neither Scam.com nor its affiliates, nor any of their respective agents, employees, information providers or content providers, shall be liable to any User or anyone else for any inaccuracy, error, omission, interruption, deletion, defect, alteration of or use of any content herein, or for its timeliness or completeness, nor shall they be liable for any failure of performance, computer virus or communication line failure, regardless of cause, or for any damages resulting therefrom. Just because a business, person, or entity is listed on scam.com does not necessarily constitute they are scammers. This is a free open forum where people can debate the merits from the consumer's or business owner's perspective. Registration and participation is always FREE.


All times are GMT -5. The time now is 08:50 AM.




Scam.com Is Proudly Hosted By Rackco and Protected By CloudFlare


Scams Message Board - Copyright 2004-2013 Scam.com , All Rights Reserved.