Here’s “Wild Man” Bob Chapman: tell it like it is, Bob, and don’t pull any punches. Love your work!!
If you’ve been wondering about all those revolutions, suddenly… decades of repression… food prices the trigger.
The Fed Distorts The Economy With Inflation
“Most of these impaired assets are still on bank books, but the Bank of International Settlements, the FASB, the accounting agency and the government say it’s perfectly fine to keep two sets of books. If you did that in your business you’d end up in jail, but it is perfectly fine for the financial sector and transnational banks to do so. That is what QE1 was all about – bailing out the financial sector and other elitist corporations.”
“QE1 will provide for 14% real inflation in 2011 and QE2 will provide 25% to 30% inflation in 2012. QE3 will give us hyperinflation. Monetization will be king.”
“Again, the Fed and the US banking system are in a box and they cannot get out. If they were to officially raise interest rates it would lead to financial collapse. If they do not want to raise rates they could curtail QE2 and as a result the economy would collapse, just like Japan did so in 1992 and they have been in depression ever since. Either choice would send unemployment to a U6 level of 37.6% matching that of 1933. Worse yet, if the Fed’s commitments were marked to market you would find the Fed to be insolvent, a condition that has existed for some time. It is not surprising that the Fed and its banker owners don’t want the Fed audited and investigated.”
“Such actions would render the Fed officially insolvent, which in fact they are already. Just to show you how terse the situation is their capital is about $60 billion and they have about $3 trillion on the balance sheet. Now you can understand why real interest rates have to be held low. The stock and bond markets have to be held up artificially so that the Fed’s balance sheet won’t collapse. What many do not understand is that almost all of what is on the Fed balance sheet has been created out of thin air and monetized. Part of that hot money and credit has offset the deflationary undertow; part is exported in dollar foreign balances and the rest of the inflation pass into the economy. This is the beginning of out of control inflation and the Fed is well aware of it. They quite frankly are not concerned that people lose their life savings. They only care about saving the financial sector, which owns the Fed, the government and transnational conglomerates.”
“QE1 and QE2 have spread across the world exporting part of US inflation. This inflation gets stronger daily enveloping the financial world. Food prices have gone ballistic and in countries where food makes up 75% of income the result has been the overthrow of one government after another. Even the price of your clothes is going to triple. The cause of these problems lies with central banks and banks that control them in Europe and the US. It is just one giant fraud like too big to fail. There will be no recovery only continual efforts to sustain the criminal enterprise.”
And so on, and so forth… Read the whole article.
And this gem from Chapman in an article earlier this week:
Terror threats appear to be on the rise as FEMA has rushed a $1 Billion order of dehydrated food in the event of attacks on domestic targets in the US.
This is also coming on the heels of one of the largest terror drills performed by the US Navy on American soil, as Operation Solid Curtain is taking place this week.
In an article Tuesday from the Beaufort Observer, many of the largest suppliers of dehydrated foods in the country are dropping their distributors and customers to dedicate their resources to supplying a billion dollar FEMA request and purchase.
One of the nation’s largest suppliers of dehydrated food has cut loose 99% of their dealers and distributors. And it’s not because of the poor economy. It’s because this particular industry leader can no longer supply their regular distribution channels. Why not? Because they’re using every bit of manufacturing capacity they have to fulfill massive new government contracts. Look, the government has always been a customer of the industry to some extent. But according to our sources, this latest development doesn’t represent simply a change of vendor on the government’s part. It’s a whole new magnitude of business.
And that’s not all.
Apparently, even though they’ve cut off their regular consumer markets, the industry leader I’ve just mentioned still can’t produce enough survival food to meet the government’s vast requirements. How do we know? Earlier this month, FEMA (the Federal Emergency Management Agency) put out a Request for Proposal, or RFP, for even more dehydrated food. The RFP called for a 10-day supply of meals – for 14 million people. That’s 420 million meals. Typically, FEMA maintains a stockpile of about 6 million meals. Why the sudden need to increase the stockpile by 420 million more? (And that’s in addition to whatever our aforementioned industry leader is supplying.) It almost seems like they’re trying to stock a modern day “Noah’s Ark,” doesn’t it?
Single functions or events such as FEMA requesting a purchase of survival food might not stand out as peculiar when it is their responsibility to ensure they are mission ready for unforseen events in the US, but couple this with other pieces of the puzzle, such as the Navy drill of Solid Curtain, which is intended for: nationwide “drill” involving all military, and it’s a drill based on a severe terrorist attack.
And the public had best be aware of something major potentially occurring on our soil in the near future. Global events across the world such as the revolutions and protests, the rising spike in oil, the falling dollar, food shortages, and unrest in Wisconsin and Ohio, are bringing us to the point where crisis may take place, whether from domestic or foreign sources.
Terror alerts have been raised by FEMA in the past month, and this new special order of dehydrated food, at the magnitude of $1 Billion dollars in taxpayer money, should be a call for everyone to prepare on your own for any potential crisis.
