WikiLeaks, Bernanke, and Hyperinflation
NIA is deeply disturbed by how U.S.
politicians and the mainstream media have been calling for WikiLeaks
founder Julian Assange to be charged with treason. Some people in
Washington are even calling for the assassination of Assange like he is
some kind of a terrorist, all because he helped spread the truth about
our country's foreign policy and other sensitive topics. The U.S. is in
very serious trouble if it has now become a crime to speak the truth.
In recent years with the help of the
Internet, there has been a rise in alternative media sites that speak
the truth, while the mainstream media has simultaneously experienced
collapsing television ratings and newspaper circulation levels. CNBC's
average television show now only has 47,000 U.S. viewers in the 25-54
demographic, down 36% from one year ago. NIA's latest inflationary
depression update video has already surpassed 47,000 views, and we don't
have the advantage of being on cable television in 95 million American
homes.
Americans today have an appetite for
the truth. For decades, Americans were brainwashed into believing
anything the mainstream media said as the truth. Now that America is
waking up and realizing that they have been deceived and lied to their
whole lives by the mainstream media, the media is losing its
stranglehold over the public. The politicians and corporate elites who
control the media are becoming very scared.
Although NIA is not a supporter of
Assange, we are a supporter of constitutional rights and there is no
more important constitutional right than our freedom of speech. If
Americans don't take a stand now to protect their freedom of speech, the
U.S. government soon might make it a crime to warn Americans about the
hyperinflation that is ahead. With the current path our country is on,
there is a chance that as the U.S. approaches the point of
hyperinflation, organizations like NIA will be made illegal to exist in
the U.S. Those associated with NIA and organizations like us may one day
be charged with treason or targeted for assassination, just for warning
Americans to get out of fiat paper money (U.S. dollars) and into real
money (gold and silver).
If there is one American who deserves
to be charged with treason, it is Federal Reserve Chairman Ben Bernanke.
Bernanke, this past Sunday on '60 Minutes', outright lied to the
American public when he said that the Federal Reserve isn't printing
money. Less than two years earlier on the same television program,
Bernanke admitted that the Federal Reserve is printing money. However,
back then, nobody was questioning the Federal Reserve's actions. Thanks
to alternative media organizations that have worked tirelessly to help
expose the Federal Reserve's dangerous and destructive actions,
Americans are starting to finally question the Federal Reserve and
Bernanke is now clearly on the defensive.
Bernanke's lie on '60 Minutes' that the
Federal Reserve isn't printing money is similar to the lie he made
under oath on June 3rd, 2009, when he testified in front of Congress
saying, "The Federal Reserve will not monetize the debt." Today, the
Federal Reserve is monetizing the debt (as admitted by both the Kansas
City and Dallas Fed Presidents). When Bernanke uses the term
"quantitative easing", he is insulting the intelligence of Americans.
"Quantitative easing" is nothing more than printing money.
Bernanke said in his interview that the
purpose of the Federal Reserve's "quantitative easing" is to keep
interest rates low, but the yield on 10-year U.S. treasuries rose to a
new six month high today. The truth is, "quantitative easing" is causing
interest rates to rise because all of the money being printed is about
to cause an outbreak of massive price inflation. The yield on the
10-year bond has risen by 38 basis points during the past three days
alone and is now up to 3.26%. NIA continues to believe that interest
rates have seen their lows and yields on the 10-year bond will likely
rise above 4% in the first half of 2011.
When the 10-year bond yield rises to
above 4%, instead of Bernanke admitting that he lied to the American
public and his money printing actually caused interest rates to rise,
Bernanke will likely claim that his "quantitative easing" just wasn't
large enough. Bernanke will use rising interest rates as an excuse to
expand the size of QE2 and/or possibly launch QE3. Remember, every 1%
rise in interest rates means an extra $100 billion that will need to be
spent each year on interest payments on our national debt. Rising
interest payments on our national debt can only be paid by Bernanke
printing even more money.
Bernanke promises that he won't let
price inflation in the U.S. rise above 2%, but all Americans who live in
the real world realize that price inflation is already well above 2%.
Whether it be food, gas, heat, clothes, healthcare, college tuition,
entertainment, or just about anything else, prices have risen over the
past twelve months for just about all goods and services in America by a
lot more than 2%. It is a real shame that absolutely nobody in the
mainstream media has acknowledged this fact and called Bernanke out on
it. Bernanke deserves to be impeached for his previous acts of perjury
and for blatantly ignoring the price inflation that exists all around
us.
Bernanke is currently leading a
misinformation campaign that will prevent the majority of Americans from
preparing for and surviving U.S. hyperinflation. Bernanke's
misinformation campaign is similar to what took place in Weimar Germany
in the 1920s when they experienced hyperinflation. In Weimar Germany,
the misinformed public always focused on rising prices, but never
understood that prices were rising because the German mark was losing
its purchasing power.
The Germans believed that there was a
shortage of marks and it was therefore necessary to print as many marks
as possible. Germans placed all of the blame for their crisis on the
symptoms of inflation. They blamed greedy tourists, selfish
industrialists and profiteers, the wage demands of labourers,
speculators in Germany who were buying foreign currencies and sending
their wealth out of the country, and other nations that were buying up
German assets with foreign currencies. They failed to grasp that it was
their government's own printing of marks and increasing the money supply
that caused the inflationary disease.
Bernanke is trying to convince the
world that he can create an economic recovery through "quantitative
easing" (printing money), without creating price inflation, because he
claims to have the tools to unwind the Federal Reserve's massive asset
purchases. He is trying to trick the world into believing that he has
the ability to pinpoint an exact time in which the U.S. economy is
recovering without massive price inflation, where he can exit his
inflationary strategy before prices start to dramatically rise. Bernanke
has no exit strategy that he can implement without sending the U.S.
economy into the next Great Depression.
Bernanke, being a self-proclaimed
scholar of the Great Depression, is not going to allow another one to
occur. Bernanke didn't like the market's reaction when he allowed Lehman
Brothers to fail (the only right decision he made during the whole
panic of 2008). After the failure of Lehman Brothers caused the stock
market to crash, Bernanke didn't allow another major U.S. bank to fail.
NIA predicts that we will one day see Bernanke attempt to launch his
exit strategy by raising the Federal Funds Rate, but as soon as the
stock market begins to go south like in late-2008, Bernanke will reverse
his decision and either lower the Federal Funds Rate again or leave it
at artificially low levels until the U.S. dollar loses all of its
purchasing power.
One organization out there that has
perhaps played the largest role in helping expose the Federal Reserve's
manipulation of gold and silver prices is the Gold Anti-Trust Action
Committee (GATA). NIA considers GATA's President Bill Murphy to be a
hero for having the courage to expose evidence of gold and silver price
manipulation at the CFTC hearing on position limits that was held on
March 25th of this year. A short time after the hearing took place,
Murphy was leaving a restaurant less than two blocks from where he lives
when somebody jumped out from behind a wall and sucker-punched him with
brass knuckles. He was knocked out cold and thought his jaw was broken.
NIA just conducted a shocking interview with Bill Murphy that we will
be releasing Friday evening. You will definitely want to listen to this
interview.
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
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