Inflation Will Rise Sharply, Says Mervyn King!
- Do you believe horse manure ‘no inflation’ Bernanke? Inflation is out in the open. Commodity prices are rocketing because of the FedRes’ money printing! They are trying to deflect it by saying inflation is caused by inclement weather. But the current bad weather is quite a recent event. Commodity prices were rising long before these bad weather. Also, how do you account for the rising prices in precious metals and industrial metals: copper, palladium …etc? How about rising oil price? Brent Crude is well over US$100/barrel.
- Mervyn King world like us to believe he can control inflation. I don’t think so. He is just engaging in politician double speak. He will QE to infinity and create massive inflation. The UK is bankrupt and will not be able to pay off its debts!
BBC: Inflation Will Rise Sharply, Says Mervyn King!
Inflation will rise sharply in the first half of this year before falling back next year, the Governor of the Bank of England, Mervyn King, has said. But he said there were “large risks” that inflation could overshoot or undershoot the Bank’s 2% target. He reiterated his belief that external factors, such as rising food and energy prices, are the main cause of rising prices in the UK.
Mr King said growth would be weaker than the Bank forecast in November. He also sought to play down reports the Bank had signalled that interest rates would need to rise this year in order to try to bring down inflation. “Some people are running ahead of themselves and saying that we are pre-announcing or laying the ground for a rate rise,” Mr King said. “That decision has not been taken and won’t be taken until we get to the next meeting or the following meeting, or it may be many quarters.”
‘Large risks’
In the Bank’s inflation report, the governor said that once cost pressures from high commodity prices subside, “CPI inflation will then fall back. But the extent to which it will do so is uncertain, and there are large risks in both directions.”
The governor said if businesses and households expected that high inflation was here to stay, prices and wages might rise even more quickly. On the other hand, as the effects of the rise in VAT to 20% implemented in January and imported cost pressures began to diminish, there was a risk that weak growth “will push inflation well below target,” he said.
On Thursday, official figures showed that inflation, as measured by the Consumer Price Index (CPI), rose to 4% in January from 3% in December. Measured by the Retail Price Index (RPI), which includes mortgage interest payments, it rose to 5.1% from 4.8%. Mr King was forced to write a letter to the Chancellor, George Osborne, to explain why CPI inflation was twice the Bank’s target rate.
end
More Than 1000 American Military Bases Around The World !
- America is laying the groundwork for the coming 4th World empire! This is a military, police state empire: Luciferian New World Order.
Daniel 7:23 (New King James Version)
23 “Thus he said:
‘ The fourth beast shall be
A fourth kingdom on earth,
Which shall be different from all other kingdoms,
And shall devour the whole earth,
Trample it and break it in pieces.
end
US Department of Empire And War!
- The Anglo-American Illuminist shadow government is simply abusing America: ‘raping’ the country to build their Luciferian New World Order empire. When there is no more to take from America, it will be destroyed and merged into this empire. America is scheduled for destruction in the coming few years!
- This coming World Government/Empire is the Mystery Babylon Whore and 10 horn beast of Revelation 17. It will be centred around a remade North America Union and Revived Roman Empire (remade EU, beast with 10 horns). This is a military, police state empire with control over all aspects of human life: work, commercial (buy-sell), family, religious …etc. (emphasis mine)
Revelation 17:3-6 (New King James Version)
3 So he carried me away in the Spirit into the wilderness. And I saw a woman sitting on a scarlet beast which was full of names of blasphemy, having seven heads and ten horns. 4 The woman was arrayed in purple and scarlet, and adorned with gold and precious stones and pearls, having in her hand a golden cup full of abominations and the filthiness of her fornication.[a] 5 And on her forehead a name was written:
MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND OF THE ABOMINATIONS OF THE EARTH.
6 I saw the woman, drunk with the blood of the saints and with the blood of the martyrs of Jesus. And when I saw her, I marveled with great amazement.
Daniel 11:36-39 (New King James Version)
36 “Then the king shall do according to his own will: he shall exalt and magnify himself above every god, shall speak blasphemies against the God of gods, and shall prosper till the wrath has been accomplished; for what has been determined shall be done. 37 He shall regard neither the God[a] of his fathers nor the desire of women, nor regard any god; for he shall exalt himself above them all. 38 But in their place he shall honor a god of fortresses; and a god which his fathers did not know he shall honor with gold and silver, with precious stones and pleasant things. 39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain.
Daniel 7:23 (New King James Version)
23 “Thus he said:
‘ The fourth beast shall be
A fourth kingdom on earth,
Which shall be different from all other kingdoms,
And shall devour the whole earth,
Trample it and break it in pieces.
end
Mubarak and the Fall of the Zionist Running Dogs!
Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
Ethnic Cleansing: Israel Leaves 200 Children Homeless In The Desert!
- Zionist ’666′ Israel is not the Israel of the Bible.
1980 Jewish Almanac
“Strictly speaking it is incorrect to call an ancient Israelite a ‘Jew’ or to call a contemporary Jew an Israelite or a Hebrew.”
(1980 Jewish Almanac, p. 3)
The Jewish Encyclopedia:
“Khazars, a non-Semitic, Asiatic, Mongolian tribal nation who emigrated into Eastern Europe about the first century, who were converted as an entire nation to Judaism in the seventh century by the expanding Russian nation which absorbed the entire Khazar population, and who account for the presence in Eastern Europe of the great numbers of Yiddish-speaking Jews in Russia, Poland, Lithuania, Galatia, Besserabia and Rumania.”
The American Peoples Encyclopedia
… for 1954 at 15-292 records the following in reference to the Khazars: “In the year 740 A.D. the Khazars were officially converted to Judaism. A century later they were crushed by the incoming Slavic-speaking people and were scattered over central Europe where they were known as Jews.
Exodus 22:21
“You shall neither mistreat a stranger nor oppress him, for you were strangers in the land of Egypt.”
Exodus 23:9
“Also you shall not oppress a stranger, for you know the heart of a stranger, because you were strangers in the land of Egypt.”
Leviticus 19:33
‘And if a stranger dwells with you in your land, you shall not mistreat him.’
Leviticus 19:34
The stranger who dwells among you shall be to you as one born among you, and you shall love him as yourself; for you were strangers in the land of Egypt: I am the LORD your God.
Leviticus 23:22
‘When you reap the harvest of your land, you shall not wholly reap the corners of your field when you reap, nor shall you gather any gleaning from your harvest. You shall leave them for the poor and for the stranger: I am the LORD your God.’
Leviticus 24:22
You shall have the same law for the stranger and for one from your own country; for I am the LORD your God.
Ezekiel 47:22-23
22 It shall be that you will divide it by lot as an inheritance for yourselves, and for the strangers who dwell among you and who bear children among you. They shall be to you as native-born among the children of Israel; they shall have an inheritance with you among the tribes of Israel. 23 And it shall be that in whatever tribe the stranger dwells, there you shall give him his inheritance,” says the Lord GOD.
Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
end
About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
