Bob Chapman says ‘hyperinflation next year’
Bob Chapman, of The International Forecaster says The Fed [is] At The Heart Of Control Of Our Country and he warns that things are getting worse, much worse.
The geniuses, the masters of the universe, have a broken system. This time the system they have deliberately destroyed cannot be resurrected.
Most analysts try to figure out what others within the financial and economic sphere are doing. Unfortunately they are burdened by playing within the system. They cannot see what is really going on because for one reason or another they are forced to frame their results within the inner sanctum of the Illuminists. This is the cover that is used for deliberately destroying nations. These ideas cannot simply be avoided. You would think reading history that all these brilliant people wouldnâ€™t be deceived, but they have been. Every time, what they are doing has been tried, has been a failure. Deliberate collapses, destroyed currencies, social chaos and revolution. During the French Revolution 300,000 people such as these lost their heads. Perhaps this time it will be 3 million. Inflation can only be controlled by deflation and deflation is totally uncontrollable. Misguided isnâ€™t the word for it. Smug and arrogant theyâ€™ll again be proven wrong and unfortunately we will all pay a terrible price.
The progenitors of this false economic policy, Keynesianism, have brought the distortion of price mechanisms, created unlimited opportunities for speculation and they have thrown all discipline to the wind. This is the basis for our current Federal Reserve System, which is the engine for such a philosophy. As a result of this policy we will be entering hyperinflation next year and the dollar will continue to fall in value.
It doesn’t take a rocket scientist to see what most economists can’t. The system is certainly broken, and while we can argue about deflation and inflation right now, the longer-term effect will likely be a total collapse of the US Dollar and its replacement as the sole reserve currency of the world.
This is bad news for Americans, who may initially think that it is a good thing that their home prices and 401k portfolios are up 50%, until they realize their currency has lost 75% of its value.
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Date: October 22nd, 2009
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