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Jerome Corsi: The shocking truth about INFLATION

From: WorldNetDaily

Why is it that the federal government says the U.S. has virtually no inflation – less that 2 percent – but everything keeps getting more expensive, especially food and gasoline? …

Solving this riddle – that is, why everything costs so much when the government tells us inflation rates are low – is simple:

The Bureau of Labor Statistics lies.

Inflation numbers are intentionally manipulated to keep cost-of-living numbers low.

If the average chief executive officer cooked balance sheet numbers the way the U.S. Bureau of Labor Statistics calculates the Consumer Price Index, the CEO would be in jail, even without Sarbanes-Oxley reporting standards.

Why does the federal government lie about inflation?

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Inflation: U.S. Government Understating the CPI By a Full 7.6%!

From: The Market Oracle

Until now, the discrepancy between actual inflation and the government’s Consumer Price Index (CPI) was largely an academic debate few people paid much attention to.

Now, however, with real-world consumer prices jumping right before our eyes … while the government’s distorted CPI still lingers near the 4% area, the gap between the two is about to burst onto the scene as a scandalous cover-up.

According to John Williams’ Shadow Statistics , the premier source of unadulterated U.S. economic indicators …

    • While the March year-over-year change in the official CPI was only 3.98% …
    • The true CPI, based on the same standards as those that prevailed before the Clinton administration, is now 11.58%!

This means that the gap between the official CPI and the alternate CPI is now a whopping 7.6 percentage points.

In other words, the U.S. government could now be understating the CPI by a full 7.6%!

Moreover, over the years, this gap has widened dramatically. Until January 1982, there was no gap whatsoever; and until November 1986, the gap was usually less than 1%. But then, it started widening like mad, and has been getting bigger ever since.

See entire article with charts

Joan Veon: The Global Financial Crisis—Deceit, Deception & Distortion

From: News with Views

While there are many examples of treachery in human history: those against innocent people, against those who invented something that the more powerful interests did not want to compete with, those against rulers by those who wanted their kingdom, and those against government so they could distort a country’s monetary system for their own financial gain and empowerment. In light of the expanding and evolving global financial crisis, this is where we find ourselves. In reality, we are seeing the global empowerment of a central banking system which is now global. They are now creating the conditions to give them the rest of the regulatory powers they still lack.

If one looks at the financial history of America, they will see from the beginning there was a political and financial tug of war over whether a private corporation, like the Bank of England, would control our monetary system. Alexander Hamilton favored the aristocratic tradition of central banking versus that of Thomas Jefferson who was for limited government that controlled our monetary system.

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The Amero on CNBC: “The Amero is the Proposed New Currency for the North American Community” – 11/27/06

 

[youtube=http://www.youtube.com/watch?v=_3jdQxDC7pA]

 

Ron Paul: The End of Dollar Hegemony

Congressman Ron Paul starts speaking at 2:00

[googlevideo=http://video.google.com/videoplay?docid=-8327695139643041382]

The End of Dollar Hegemony

by Ron Paul by Ron Paul

Before the US House of Representatives, February 15, 2006

A hundred years ago it was called “dollar diplomacy.” After World War II, and especially after the fall of the Soviet Union in 1989, that policy evolved into “dollar hegemony.” But after all these many years of great success, our dollar dominance is coming to an end.

Starring Ron Paul & Ed Griffin: “Fiat Empire—Why the Federal Reserve Violates the U.S. Constitution”

 

[googlevideo=http://video.google.com/videoplay?docid=5232639329002339531&q=FIAT+EMPIRE&hl=en]

 

Ron Paul really stars at 40:20 minutes into the film. Ron Paul-only excerpts, below.

“Why do rich people seem to be getting richer, while you and all your friends seem to be hardly making ends meet?

Why does a first class stamp cost you nearly 40 cents when it used to cost only 5 cents?

Should a 90% loss of purchasing power be tollerated?

Where does it end?”

– Narrator

______________________

Inflation, I think, is a bad word, because really, we think of inflation as rising prices. But in reality, what’s happening: prices are not going up, it’s that the value of the dollar or the monetary unit is going down. …

The Federal Reserve System is the agency of a hidden tax, called inflation.”

 

Where this graph is headed is for total destruction of our monetary system. Our money will be totally worthless, and it’ll probably be reissued in the form of some international currency, which will be equally worthless. But the value to these people is that once it’s on an international basis, there’s nowhere else to go.

Right now, if you don’t like American dollars you can buy Japanese Yen. … If you don’t like that, you can move to whatever currency seems to be having a little better track record.

Once there’s an international monetary system in place, modeled completely and exactly after the Federal Reserve system—It’s exactly the same—then there’s no place else to go, folks. You’ve had it.

If we don’t turn this thing around, I think we’re going to be living in kind of a modern serfdom.”

– G. Edward Griffin

[transcribed by Jeff Fenske from the movie]

Ron Paul: $ House of Cards $

 

[youtube=http://www.youtube.com/watch?v=XaxdUPNYj2s]

“If you don’t deal with the dollar

there will be no retirement for anybody.

We’re going to have chaos.”

 – Ron Paul

U.S. Comptroller General: We Face a Fiscal Tsunami

 

[youtube=http://www.youtube.com/watch?v=I-16u9x3tfE]

 

Fed Increases Money-from-Nothing Loans to Banks

United States banks on average borrowed $4.83 billion a day directly from the Federal Reserve in the week ended Dec. 26, up from $4.62 billion a day the previous week, Fed data released Thursday showed.

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Dr. Stanley Monteith: Monetary History

 

[googlevideo=http://video.google.co.uk/videoplay?docid=-3279144658400754670&total=38&start=10&num=10&so=0&type=search&plindex=8]

 

[video] Money, Banking and the Federal Reserve

From: Ludwig von Mises Institute

 

[googlevideo=http://video.google.com/videoplay?docid=1349705906064948002&q=money+banking&total=7445&start=0&num=10&so=0&type=search&plindex=1]

 

[video] CNBC’s Mad Money: Ron Paul with Jim Cramer on the ‘Fed’ 12/14/07

 

[youtube=http://www.youtube.com/watch?v=1Nf9Gbkbm8I]

 

Richard Roberts, Oral Roberts President Resigns

From The Associated Press:

Former ORU Regent Harry McNevin, who quit the board in 1987 because of the misspending he alleged he witnessed, called the resignation “inevitable.”

“You can’t take the sacrifices of God’s people and use them any old way,” he said. “It’s been 20 years that they’ve been doing the same things that I became aware of.”

“We still haven’t heard any admission of wrongdoing or any kind of humility or contrition.”

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