- The deflation camp are going to have a hard time explaining this away. I view the debate over inflation and deflation as largely unnecessary and a waste of time. A simple observation tell us that we have both. Of course, the Feds by summing both up are claiming things are ok, we don’t have inflation or massive deflation. The truth is asset prices are still collapsing, home prices are still going down. Commercial real estate is the next crisis. Food and energy prices undoubtedly are rising. Goods that need financing/borrowing to buy are experiencing deflation. Items that are bought using cash or cash equivalent are rising in price.
U.S. Food Inflation Spiraling Out of Control
The Bureau of Labor Statistics (BLS) today released their Producer Price Index (PPI) report for March 2010 and the latest numbers are shocking. Food prices for the month rose by 2.4%, its sixth consecutive monthly increase and the largest jump in over 26 years. NIA believes that a major breakout in food inflation could be imminent, similar to what is currently being experienced in India.
Some of the startling food price increases on a year-over-year basis include, fresh and dry vegetables up 56.1%, fresh fruits and melons up 28.8%, eggs for fresh use up 33.6%, pork up 19.1%, beef and veal up 10.7% and dairy products up 9.7%. On October 30th, 2009, NIA predicted that inflation would appear next in food and agriculture, but we never anticipated that it would spiral so far out of control this quickly.
The PPI foreshadows price increases that will later occur in the retail sector. With U-6 unemployment rising last month to 16.9%, many retailers are currently reluctant to pass along rising prices to consumers, but they will soon be forced to do so if they want to avoid reporting huge losses to shareholders.
Food stamp usage in the U.S. has now increased for 14 consecutive months. There are now 39.4 million Americans on food stamps, up 22.4% from one year ago. The U.S. government is now paying out more to Americans in benefits than it collects in taxes. As food inflation continues to surge, our country will soon have no choice but to cut back on food stamps and other entitlement programs.
Most financial experts in the mainstream media are proclaiming that the recession is over and inflation is not a problem in the U.S. Unfortunately, they fail to realize that rising food and gasoline prices accounted for 58% of February’s year-over-year 3.85% rise in retail sales. NIA believes price inflation is beginning to accelerate in many areas of the economy besides food and energy, and all increases in U.S. retail sales this year will be entirely due to inflation.
- It is always good to read Bob Chapman’s writing. It is grounded in reality. After much of the western MSM fantasy-entertainment-gossip-news, the truth is refreshing. The MSM would like me to believe that Tiger Woods’ infidelity is news and everyone wants to listen to it. Give me a break. If that were true, why are ratings dropping for major news network? Why are newspapers going bust!
This year, CNN has seen a 41% drop in its weekday prime-time ratings compared with the same point in 2009, drawing an average of 727,000 viewers, according to Nielsen. MSNBC has fallen off 24%, to 864,000 viewers, while Fox News is up 3% to 2.7 million.
- The alternative news media is rising rapidly. The public is waking up to the shenanigans of the corporate news media and their made up propaganda. There are obvious hidden agendas behind these Illuminist owned MSM. Chief of which: Sell Wars! Bob Chapman explains the economic crisis behind the scenes:
The collapse of the fiat money system is underway and each day picks up momentum. The only question is how long it can survive? In the interim we are faced with inflation and perhaps hyperinflation as the privately owned Federal Reserve and other central banks add stimulus and money and credit into their financial systems.
America’s system of finance and economy has been deliberately destroyed via regulation, illegal immigration and free trade, globalization, offshoring and outsourcing. We wrote about these issues and tactics as long ago as 1967. Taxes on both individuals and corporations are still onerous, the exception being the rich who pay far less than their fair share. By the way taxes will increase in the future and government may in the future attempt to take away your retirement plans and replace them with guaranteed annuities. We ask how can a bankrupt government guarantee anything? America and the rest of the world are realizing that you cannot live beyond your means indefinitely. The resultant poverty that eventually results is accompanied by the theft of wealth by inflation, subtly and secretly.
We have witnessed over the past few years a long line of frauds that usually accompany the collapse of a system. They are accompanied by government malfeasance and the arrogance of those who defraud the system with impunity. How can any nation survive if their currency and their bonds are worthless?
Someone’s loss is someone else’s gain and in this turmoil you can do two things. One is to protect your assets and the other is to capitalize on your knowledge. Do not allow the elitists to take your hard earned savings. It is our belief that 60% of sovereign debt will never be repaid.
The government is injecting a minimum of $1.5 trillion into the economy each year, as the Fed is adding at least $1 trillion. We are facing an end to stimulus and further Fed injections. If that happens it will thrust the US economy into a great dark pit a year from now. Then the insolvency of banking, Wall Street and government will become very apparent. What government has done is lie about everything, especially the amount of money they have thrust into the economy, via bailouts of the entire financial sphere and the manipulation of markets. If they had not done what they did the system would have collapsed long ago. What they have done has only delayed the inevitable. As we look back 50 years all we have seen is one crisis after another. There has never really been a meaningful recovery. The result is that Keynesian economics has had American economy on a roller coaster going nowhere.
We have wasted opportunities and have destroyed our financial and economic structure to provide for the enrichment of the elitists who from behind the scenes control our economy and the world economy. G-20 debt is staggering, never mind US debt and worse yet, it is unpayable. The so-called recovery we are having is a sad joke. We have just had an interlude in an inflationary depression. The next phase is higher taxation and even more government control. Need we remind you that fascism is government by regulation and this is what we have in America today. Its evolution is a subtle, secret, strangling process. If only people would read the history of Europe during the late 1920s and throughout the 1930s and 40s, you would truly understand what is in process. You must remember Hitler was created at Versailles. Illuminists in the US, UK and across Europe financed both Hitler and Mussolini. Both did not have a clue they were being set up. This is the same thing that is happening in America today and in other countries as well.
We face one round after another of creative destruction. That is why we have real unemployment of 22-1/8%, almost as bad as during the 1930s. Banks are only selectively lending, so as a result the economy cannot grow. Inflation is 8%; wages are static, so buying power has been crippled. This predicament should be called corporatist fascism or socialism for the elitists and as a result 92% of small business polled said they see no recovery for 14 to 18 months. How can those who hire 80% of workers create new jobs – they cannot and won’t. That means there can be no sustained recovery.
This leads us to the frauds on Wall Street and banking. We have pointed out for some time that Wall Street and banking had turned into a criminal enterprise. They always skated down the edge, but nothing like what we have seen over the past 20 years. Having been in the brokerage industry for 28 years and around it for 50 years we have been in a position to observe it closely. Today it’s massively rife with criminality. The exposure of Lehman’s crimes in hearings has been unprecedented. We wonder how many other firms did the same thing and their actions were covered up by the Fed and the SEC, as well as the CFTC? They are still underestimating debt levels by 40 to 50 percent, which means their focus reports are useless. The spirit of honesty and integrity still doesn’t exist. They are essentially keeping two sets of books and that makes their financial statements useless and fraudulent. That doesn’t bother the SEC, the BIS, the FASB, the Treasury or the Fed; they supervise the lawbreaking. Debt levels are massively understated by keeping two sets of books and by marking-to-model, fantasy, not to market.
All of this is a result of the termination of the Glass Steagal Act. It is all fraud, even if the government sanctions it. They are all acting in concert to screw the investor and the public. These people are all criminals. The excuse is that they are too big to fail. It is all fraud no matter which way you cut it. This is a criminal syndicate that should legally be out of business – bankrupt. They are all being bailed out, but we do not see the public being bailed out. The bailout of banking, Wall Street and insurance is still in process and there is no end in sight. There are two sets of laws. One for the Illuminists/elitist and another for us. Congress won’t do anything about it because most of them have been paid off. That is what campaign contributions and lobbying are all about. We espoused these views in university almost 60 years ago, and the only reason our views were tolerated was that we had two uncles who were professors at the university.
Government is the problem but they are really useful idiots. The real power lies with the Illuminist behind the scenes. The financial sector is broke and it is unfixable. They know that and they are trying to stretch out the problem as far as possible to pick the right date to pull the deflationary plug.
- Who owns the IMF, World Bank, Bank of International Settlements(BIS), almost all major central banks, Goldman Sachs …? The Illuminati cabal. This is their final move to totally destroy national sovereignty for their One World Government, Global Fascist Police State. This is a New World Order ruled by the unelected and undemocratic Illuminist class. The rest of us are just ‘useless eaters’ or ‘useful idiot slaves’.
- I do not believe they will be able to achieve their global order without triggering their world war plan. They have America, EU, Japan, Canada, Mexico, Australia and New Zealand under their control. But China, Russia and much of Latin America will not go along! I ain’t rolling over and playing dead, people! No way I am going to accept their enslavement with a microchip ’666′.
IMF’s Global Taxes Can Only Be Enforced Through Global Government
As you will have no doubt read in the headlines today, the IMF has proposed levying two “global” taxes on the world’s banks to make sure those greedy guys don’t get us into trouble again. If that sounds dubious, it’s because it is. In reality what is being proposed, and has been falling into place for some time, is the framework for an unelected global authority with powers above and beyond those of sovereign governments.
In our featured article today we explain how the IMF’s so called global Financial Activities (FAT) tax on banks is nothing more than a bailout slush fund that would inevitably trickle down to the consumer, and also be levied upon all financial institutions (not just the big ones that commit massive fraud on a daily basis). This will not prevent globalist bankers from over reaching, it will in fact provide the incentive for more moral hazard by providing built in insurance against risky actions.
Such taxes will drastically reduce the profits of all banks and financial institutions, ensuring only the biggest can continue to thrive. Global competition could be killed off completely, signaling the final nail in the coffin of the free market.
Some within the banking industry also argue that reduced capital in financial institutions makes them a less attractive investment and makes it more likely that governments will have to step in when a fresh crisis hits.
The Association for Financial Markets in Europe issued a statement to this effect: “The IMF has set the right objective in addressing the need to avoid another financial crisis, but appears to have chosen the wrong means to achieve it.
“The financial sector should not rely on public funds in the event of a crisis. As an industry, it needs to put in place measures that will enable failing firms to be wound down or restructured without needing taxpayer support. Banks must be allowed to fail and the cost of dealing with any failure must be first met by shareholders and creditors, not taxpayers.”
…. to continue reading click here!
- The propaganda in the western MSM is being ratcheted up louder and louder. It is obvious, the Illuminati cabal want this war. This has nothing to do with protecting the world against nuclear weapons. Iran is being demonized because they refuse to go along with the western hegemony. They are amongst the 6-8 countries who do not have a privately owned central bank ie Illuminist owned!
- They have also stated clearly they want to break the sale of oil in USD! This is one of the key reason for the Iraq invasion. Saddam Hussein started selling oil in other currencies. The reason the USD is the world reserve currency is oil (ie it is oil backed!). Since all nations need oil, they need USD. If this link, this backing is removed, it spells the end of the USD hegemony! The Anglo-American empire financed by ‘cheap’ USD will come to an end.
- The Illuminist controlled Zionist state of Israel is fuelling this war propaganda with all their: ‘I am a victim, I am under existential threat!’ nonsense! Who is the bully here? Who is under existential threat here? Clearly the Palestinian people are under existential threat. Israel has something like 150-400 nuclear bombs. Some say, they are the 3rd or 4th largest nuclear armed nation. They have the 4th-5th largest army in the world. A brutal military that uses Depleted Uranium and White Phosphorus shells against civilians. Christians must open their eyes and denounce the Synagogue of Satan.
The Synagogue of Satan!
To give a short report I’ll say the following; the freemasons of France wrote The Protocols of Zion. In the United States you have the York and Scottish Rites but in France you have the Mizraim Lodge. It is from the Mizraim Lodge of Freemasonry that you will find the Illuminati. It is in fact, the heart and soul of the Synagogue of Satan. What is even more disturbing, you will find that every Mason in Israel, that includes most of the Politicians and Supreme Court Judges all are Freemasons from the Mizraim Lodge, the ones who wrote the Protocols of Zion, the enemies of the Jewish people. So those who have planned the destruction of Israel are now in control, in Israel.
- The Illuminists and their FreeMasons evil twin intend to start World War 3 based on the Satanic 3 World War Plan. (Let us not forget that Obama is a 32nd degree FreeMason, as are almost all past US presidents) The world will enter a period of intense wars and chaos which they have engineered. At the end of this period, these Satanists will introduce their Satanic ‘Messiah’ as the solution to a world looking for ‘someone’ to save them. This is the Hegelian Dialectic, Order Out of Chaos, Problem->Reaction->Solution crap of these evil people! It is obvious the Zionist state of Israel is being prepared as a blood sacrifice to Lucifer. Israelis must wake up and denounce the Synagogue of Satan. Stop playing their genocidal game!
- Ron Paul is about the only Congressman I am totally supporting in the District of Criminals (DC). As for the rest: Vote them out!
Statement on Motion to Instruct Conferees on HR 2194, Comprehensive Iran Sanctions, Accountability and Divestment Act
April 23, 2010 “United States House of Representatives” — Mr. Speaker I rise in opposition to this motion to instruct House conferees on HR 2194, the Comprehensive Iran Sanctions, Accountability and Divestment Act, and I rise in strong opposition again to the underlying bill and to its Senate version as well. I object to this entire push for war on Iran, however it is disguised. Listening to the debate on the Floor on this motion and the underlying bill it feels as if we are back in 2002 all over again: the same falsehoods and distortions used to push the United States into a disastrous and unnecessary one trillion dollar war on Iraq are being trotted out again to lead us to what will likely be an even more disastrous and costly war on Iran. The parallels are astonishing.
We hear war advocates today on the Floor scare-mongering about reports that in one year Iran will have missiles that can hit the United States. Where have we heard this bombast before? Anyone remember the claims that Iraqi drones were going to fly over the United States and attack us? These “drones” ended up being pure propaganda – the UN chief weapons inspector concluded in 2004 that there was no evidence that Saddam Hussein had ever developed unpiloted drones for use on enemy targets. Of course by then the propagandists had gotten their war so the truth did not matter much.
We hear war advocates on the floor today arguing that we cannot afford to sit around and wait for Iran to detonate a nuclear weapon. Where have we heard this before? Anyone remember then-Secretary of State Condoleeza Rice’s oft-repeated quip about Iraq: that we cannot wait for the smoking gun to appear as a mushroom cloud. We need to see all this for what it is: Propaganda to speed us to war against Iran for the benefit of special interests.
Let us remember a few important things. Iran, a signatory of the Nuclear Non-Proliferation Treaty, has never been found in violation of that treaty. Iran is not capable of enriching uranium to the necessary level to manufacture nuclear weapons. According to the entire US Intelligence Community, Iran is not currently working on a nuclear weapons program. These are facts, and to point them out does not make one a supporter or fan of the Iranian regime. Those pushing war on Iran will ignore or distort these facts to serve their agenda, though, so it is important and necessary to point them out.
Some of my well-intentioned colleagues may be tempted to vote for sanctions on Iran because they view this as a way to avoid war on Iran. I will ask them whether the sanctions on Iraq satisfied those pushing for war at that time. Or whether the application of ever-stronger sanctions in fact helped war advocates make their case for war on Iraq: as each round of new sanctions failed to “work” – to change the regime – war became the only remaining regime-change option.
This legislation, whether the House or Senate version, will lead us to war on Iran. The sanctions in this bill, and the blockade of Iran necessary to fully enforce them, are in themselves acts of war according to international law. A vote for sanctions on Iran is a vote for war against Iran. I urge my colleagues in the strongest terms to turn back from this unnecessary and counterproductive march to war.
Toddler Dies 12 Hours After Flu Vaccination! Australia’s Chief Medical Officer Has Told Doctors To Stop Giving Seasonal Flu Vaccine To Children!
- Vaccines are dangerous. The science behind it are iffy at best. Of course, this is not what Big Pharma want you to believe. Their propaganda say: you must always vaccinate your children and yourself against seasonal flu. Many vaccines have been found contaminated with cancer causing substance, the SV40 virus for example. Big Pharma and their bought out regulating agencies say thimerosal (49.6% mercury) is safe when injected into a human body. This is nonsense. Mercury is never safe and there are laws against mercury in food. If it is not safe to consume, is it safe to be injected into the blood stream?
Flu shot fatality – toddler dies 12 hours after having vaccination
A FAMILY is in mourning after their toddler unexpectedly died less than 12 hours after receiving a seasonal flu vaccination. Two-year-old twin Ashley Jade Epapara had been “perfectly fine” before dying at her Upper Mt Gravatt home, on Brisbane’s southside, on April 9. Parents David and Nicole are shattered by the mysterious death of their baby girl. “It’s dreadful, it’s a very hard time,” Mr Epapara said yesterday.
National health authorities have ordered doctors to stop giving seasonal influenza vaccinations to children under five after dozens of serious reactions, including convulsions. Ashley’s death is being investigated by police and the office of the coroner. A spokesman for Brisbane coroner John Lock confirmed yesterday that a report was being prepared.
Halt Flu Vaccines to Children
AUSTRALIA’S chief medical officer has told doctors to stop giving the seasonal flu vaccine to children. The advice follows concerns the vaccine is adversely affecting children’s health.
“We suggest doctors and health professionals vaccinating children don’t use the seasonal flu vaccine for the moment, until we can get the Therapeutic Goods Administration (TGA) to investigate this in more detail,” Professor Jim Bishop told ABC TV. He said the concerns stemmed from a significant rise in the number of children developing a fever after receiving the vaccine.
Western Australian Health Minister Kim Hames yesterday suspended the state’s free flu vaccination program for children under five, after some recipients went into a febrile convulsion – a fit caused by a high temperature.
- Who pulled the trigger and killed the Polish ruling class? The Russians? Western Illuminist bankster elite? Many questions left unanswered.