• Mr Bernanke lost the support of two more Democrats today. So be it. Instead of arguing over his reappointment let’s just eliminate the whole Federal Reserve. And yoy, “how can we do that?” How can we eliminate the banking cartel called the Federal Reserve which is neither “Federal” nor does it currently have any real ‘reserves’? We must stop it from destroying our currency.
Inflation is a hidden tax and perhaps one of the most insidious crimes against the public. “Inflation distorts the economy, it brings great harm to the public and it encourages speculation and mindless risk-taking.”
“Inflation is defined as the increase in the quantity of money and debt within an economy. And contrary to what the government wants you to believe, inflation is certainly not an increase in the general price level within an economy. Instead, an increase in the general price level within an economy is a consequence of inflation.”
Our government does everything in its power to suppress the official ‘inflation barometer’. It shamelessly doctors their Consumer Price Index (CPI) and Producer Price Index (PPI) calculations via various seasonal and hedonistic adjustments. The chart below highlights the discrepancy between the CPI-U published by America’s Bureau of Labor Statistics and the SGS Alternate CPI, which is calculated by Shadow Government Statistics using the old methodology. As you can see, over the past 20 years, prices have been rising much faster than the officials would have you believe (thanks to our friends at The Daily Reckoning).
“Let there be no doubt, inflation is a total disaster and our world will be a better place without this reckless money-creation. Contrary to official dogma, our world experienced tremendous progress during the 19th century, and there was no inflation during that period. The chart below shows the changes in America’s Consumer Price Index (CPI) over the past two centuries. As you will observe, the CPI fell for most of the 19th century as the purchasing power of the American currency rose. However, since the formation of the Federal Reserve in 1913, the CPI has exploded causing the purchasing power of the US dollar to spiral downwards.”