The Goal Is INFLATION

POSTED BY: out2theblack
UPDATED: Saturday, June 20, 2026 15:13
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OUT2THEBLACK

Friday, October 8, 2010 2:24 PM

Federal Reserve Chairman Ben Bernanke from November 2002:

"U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

"By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services.

"We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation."

Problem is , Bernanke's theoretical strategies are not working well in the real world.

Sure , there's inflation , which the Fed likes to keep in the range of 1.7 to 2.0 percent per annum , to continually keep the wage-slaves running faster on the treadmill , and paying their 'dues' to the Fed and its evil twin , the IRS.

But , lack of confidence in the US 'dollar' Federal Reserve 'Note' is causing central bankers all over the world to stategize in keeping their own currencies cheap against it...

The race to the bottom is causing big inflation in the prices of critical commodities...

Stay awake , and stay tuned...

DREAMTROVE

Friday, October 8, 2010 4:14 PM

I think that Bernanke's plan is working quite well, but in the long run, the numbers don't really matter, it's the perception of what those numbers are that matters.

OUT2THEBLACK

Saturday, October 9, 2010 12:41 AM

Quote:
Originally posted by dreamtrove:
I think that Bernanke's plan is working quite well...

For whom ?

Bernanke ?

http://www.telegraph.co.uk/finance/economics/8043800/Banks-4-trillion-
debts-are-Achilles-heel-of-the-economic-recovery-warns-IMF.html

OUT2THEBLACK

Saturday, October 9, 2010 12:48 AM

http://lib.store.yahoo.net/lib/realityzone/UFNBankOfJapanGold.html

"...The Bank of Japan just put Bernanke to shame with its latest announcement regarding quantitative easing."

Read more.

The Fed doesn't want the public to know all the facts...That's why they quit publishing the truth regarding the big picture of the 'money supply' years ago.

DREAMTROVE

Saturday, October 9, 2010 1:55 AM

They're moving to a new all international derivatives economy, where we, the little guys, will only own a decreasing share of a secondary currency. Meanwhile, Bernanke's statements seem to indicate that he wants to use the debt and the fiscal policy to pull strings to dictate policy in Washington. Since Obama has just handed the fed complete control over derivatives and the ability to create their own cash, I'd say it seems to be working out well for them.

And yes, of course the smarter nations of the world will not accept it, there will be more massive rejections than this, but they want to make it so that they can create cash and levy taxes outside of any official system, and do it internationally.

OUT2THEBLACK

Saturday, October 9, 2010 2:59 AM

http://www.project-syndicate.org/commentary/buruma42/English

'...Of course, many liberal Europeans are still alive and well. But first in Denmark, then in the Netherlands, and now in Sweden, illiberal, populist parties stirring up fear of immigrants – specifically Muslim immigrants – have managed to gain enough power to set, or at least influence, their countries’ political agendas.

These parties are not confined to Scandinavia and the Low Countries, but are part of a global wave of anger against political elites, who are blamed for all of the insecurities that come with global economics, the financial crisis, and living in more ethnically mixed societies. The psychology behind the Tea Party in the United States and the anti-immigrant parties in Europe is similar, even if their policies vary.'

PIRATENEWS

Saturday, October 9, 2010 3:24 AM

Funny how the only people getting the $30-trillion Bankster Bailout are jews banksters.

It's all part of the Jew World Odor's Final Solution...detroy USA to create a global fascist dictatorship.

The New World Order Of Global Markets
http://www.forbes.com/2010/10/08/aig-rubin-summers-markets-stiglitz-so
ros.html

IMF Article Predicts New World Order
http://beforeitsnews.com/story/207/897/IMF_Article_Predicts_New_World_
Order.html

DREAMTROVE

Saturday, October 9, 2010 2:21 PM

Those muslims were moved into Europe to create ethnic tension intentionally.. More than this, I'm not sure of, but I'm certain of this fact.

NIKI2

Saturday, October 9, 2010 5:19 PM

Aside from the movement of Muslims, I agree with everything you've said, DT.

The idea that it is "leftist, populist" forces which are doing this is incomprehensible to me, especially given that it is CONSERVATIVE parties who are the ones gaining power, and ultra-CONSERVATIVE positions which are ruling more and more. How "leftist" can even be put in the same sentence is "populist" is a dichotomy, for the same reason...it is right-wing politics which is becoming more and more 'populist' in many countries, including our own.

Hippie Operative Nikovich Nikita Nicovna Talibani,
Contracted Agent of Veritas Oilspillus, code name “Nike”,
signing off