Fox News' Glenn Beck has repeatedly stoked fears that the U.S. would see "massive inflation," stating, as far back as 2008, that inflation would go "through the roof" in the "next year." In fact, inflation remained low in 2009 and 2010 and looks to remain the same in 2011. Let's review Beck's prognostications one by one and come to our own conclusion. Words: 1764
Read More »Beware: Government Claim of Low Inflation is Just B.S.!
Our leaders in Washington are so detached from reality it begs the question, "What are they smoking?" I'm not talking about the insane amounts of spending that's going on in our capital, or even about the patently unpayable debts and promises they're making to all of us and our foreign creditors. Although I think these things, too, result from whatever drugs they're on inside the beltway I am referring the way Washington manipulates its official statistics. Words: 1107
Read More »How Safe Is Your Retirement Money from the Government’s Grasp? (+2K Views)
Hank Paulson, the Goldman Sachs bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the world financial system is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives. Wall Street’s approach to the poor has always been to drive them deeper into the ground. Words: 777
Read More »It’s Not a Question of IF, but WHEN, Inflation Will Arrive (+2K Views)
America's massive debt and unfunded liabilities make inflation the only viable option for today’s policymakers because when the value of future dollars is diminished, future obligations in those depreciated dollars are diminished. Words: 2808
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