Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit 2 Share on StumbleUpon Tell A Friend 1 (3 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   3 comments

Exclusive to OpEdNews:
OpEdNews Op Eds

Hyperinflation Gets Another Boost from the Federal Reserve

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; , Add Tags  (less...) Add to My Group(s)

News 1   Funny 1   Supported 1  
View Ratings | Rate It Headlined to H3 11/4/10

Become a Fan
  (10 fans)

On the heels of a massive turnover during the Mid Term Elections, the Federal Reserve is quickly on the move printing up more money. Today, it was announced that the Reserve will spend (print) 600 Billion dollars to purchase US treasury securities to keep interest rates at an all time low. The Reserve's reasoning around this move is that if the banks have more money, they will lend more, thus stimulating the economy.

That burning smell in the air and the loud clankering sounds are those printing presses going at top speed on the verge of a total breakdown. Have you looked at a dollar bill lately? Have you noticed its shrinking? This will shrink it even more.

So here's the deal, Ben Bernanke's hail Mary move (one of many here lately) is to print money that is worth nothing, give it to the banks to dole out to the few that still have a credit rating. Never mind that this has already been done and has done little if nothing to stimulate the economy thus far. Why would anyone knowingly do this? The answer is simple, they have no other answers.

This will only create more of the speculative "creative" financing that got us in trouble in the first place. The small businesses and the middle class will not see any benefit from this. The only ones will benefit from this latest move are the big banks and corporations. But for those who still haven't woke up yet, it gives them the very dangerous impression that something is being done and help is on the way.

But let's break it down a bit. When money is being flooded into the market in this manner it drastically lowers the value of the dollar. With each new influx of this "funny money" the value drops further. Eventually, it is taking more of the same dollar for the average person to purchase goods they need in their day to day lives.

I'm far from an economic expert, but I do know that my food bill has doubled in just the last year. Here recently I've noticed that some things are not even available in the stores, case in point, I cannot seem to purchase the 5 lb blocks of cheese anymore. I'm forced to purchase expensive deli cheese or pre shredded cheeses. Or not buy cheese at all.

For years we've been warned that this could happen if we continued on the path we were on. That time is here now. It's time for the people in the US to wake up and smell the coffee, that is if you can afford it. It's time to stop blindly falling into the ever present traps that the so called experts lead us into. And it's time to create our own stimulus packages.

Do the research yourself. Look into the history of the Federal Reserve and just how much power it holds over our lives. Follow the trends and take steps to protect yourselves and your family. You've seen it yourself; you may have done like I did, shrugged and doled out even more of that tiny dollar in order to pay for basic necessities.

I'll leave you with this documentary. It was made last year; now look at where you are today. Hyperinflation is here now, and after the decision announced by the Federal Reserve today, it will grow substantially. This video is 30 minutes long, but I strongly urge you to take the time to watch it. Hyperinflation


Laura Roberts is an outspoken activist, writer, environmentalist. She strongly believes in personal responsibility, something sadly lacking in the US today. One of her key projects at the moment is sustainable living and researching those who (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Presidents are Simply Figureheads

Hyperinflation Gets Another Boost from the Federal Reserve

Fighters take your corners: Political Satire

Let's Walk our Talk


The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 3 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

for the people in this country take responsibility... by Laura Roberts on Thursday, Nov 4, 2010 at 5:30:41 AM
Gas went up yesterday, direct result of this and t... by Ray O. Sunshine on Thursday, Nov 4, 2010 at 3:18:15 PM
not only because of the cost of fuel, but because ... by Laura Roberts on Thursday, Nov 4, 2010 at 5:01:01 PM