Thank you Lucas of http://lucas2012infos.wordpress.com/ for posting this.
US national debt can travel from the earth to the sun and back a stunning 83 times.
The first signs of hyperinflation have arrived. As I will explain later in this article, it began last week with the meeting of POTUS Obama and his most supportive lobby, the banking industry. Just a few months into Obama’s first term as US President in early 2009, I penned an article, “8 Reasons Why the Obama Administration Will Not Solve this Crisis by the End of 2009.” Although the title of that article title sounds absurd today, idol worship was so high of Obama immediately following his election not only in the US but all across Europe, that media commentators across the world were implying, and sometimes matter-of-factly stating, that Obama would be well on his way to solving the global monetary crisis by the end of his first year as POTUS. In direct opposition to the media love affair with Obama, shortly after his election in 2008, I objectively studied Obama’s support of a massive bailout plan for banks in his first months of service and his freshly minted appointments of Timothy Geithner, William Daley, William Donaldson, Robert Rubin, Roger Ferguson and Paul Volcker to his economic advisory board and key cabinet positions. Based upon my findings, I concluded that beyond a shadow of a doubt, banking cronyism would expand, multiply, and go unprosecuted
under Obama’s watch.
under Obama’s watch.
The Obama administration has given a lot of lip service with zero follow-through to prosecution of criminal banking behavior, the most recent being AG Eric Holder’s following very empty promise: “Let me be very, very, very clear…if we find a bank or a financial institution that has done something wrong…those cases will be brought” (emphasis not only mine but Holder’s as well!) Unfortunately since that time, though numerous indisputable cases of banking criminal behavior have been uncovered and presented to Holder, Holder has shown no spine or willingness to enforce his prior promise. As a consequence of the refusal of the top attorney in the United States to enforce the rule of law and to prosecute industry-wide criminal banking activity, the first signs of hyperinflation have arrived.
The real national debt, despite having been falsely frozen at the falsely advertised figure of $16.699 trillion for more than 90 consecutive days for no other reason than it has reached the designated limit, clocks in at a whopping $220 trillion if you include all unfunded, off-balance liabilities such as Medicare and Social Security (Source: Economist Laurence Kotlikoff).
Furthermore, this figure of true national debt does not even feel obscene in relative terms once you consider that the Alan Greenspan/Robert Rubin/Bill Clinton administration let the global derivative market run unregulated in the name of multi-billion dollar short-term profits to bankers and irresponsibly explode into the unresolvable $1,200,000,000,000,000 to $1,500,000,000,000,000 market that exists today. Let it be known for the record that CFTC Chairman Brooksley Born urgently lobbied for strict regulations of the global banking derivatives markets and warned Summers and Greenspan that letting bankers exploit derivatives for profit at the expense of sound banking principles would create the very crisis we are suffering today. What was Born’s reward for such a prescient and wise prediction? A cussing out and screaming fest courtesy of Larry Summers (from Born’s own testimoney) and a forced resignation by Summers and Greenspan. Yes, the same Larry Summers that President Obama has adamantly defended and is Obama’s first choice to supplant Ben Bernanke as the next chairman of the Rothschilds Private Bank (aka the Federal Reserve).
Neither the government lies about the the unchanging nature of the “official” national debt for over 90 consecutive days now nor the government lies about the true scope of the national debt is stunning. What is stunning, however, is just how gigantic is the US National Debt when you start putting the figure in relatable terms. No one really understands how incredibly large is a sum of $1 billion, let alone a trillion or a couple hundred trillion, so it helps to illustrate the absurdity of this unresolvable debt by painting this debt in a different light. Let’s assume for argument’s sake that the estimate of $220 trillion of real US national debt is too aggressive (although Kotlikoff insists this figure is accurate) and counter estimates of $100 trillion are too conservative. Let’s split the difference and say the true US national debt is $160 trillion dollars. If one were to lay $1 bills side by side, a current US National Debt of $160 trillion would reach from the earth to the moon 239,000 miles away not 100 times, not 500 times, not 1000 times, not even 10,000 times, but 32,358 TIMES AND BACK. Our national debt would travel to the sun 93 million miles away AND BACK, not just once, not just twice, not 10 times, not even an unfathomable 50 times, but EIGHTY-THREE complete round trips! Explained a third way, if you were driving the fastest commercial car in the world (as concluded by Top Gear test drivers; make sure you check out the link here to the awe-inspiring Pagani Huayra test drive), the Pagani Huayra, continuously at its top speed of 372 kms/hour and never, for not even one-second, let up on this top speed and never stopped to change the tires, it would take you until the year 9643 (or more than 7,629 YEARS) before you would pass the last dollar bill of US national debt laid out side by side in 1$ bills. Finally, if you were an alien capable of flying your UFO at the speed of light (670.6 MILLION miles per hour), you would not pass the last dollar of US debt until 23 hours, 1 minute, and 14 seconds later (if the entire debt were laid out side by side in $1 bills)! These FACTS should alert any reasonable logical man, woman and child that massive inflation is the fate of the USD in future years.
This simple fact should also alert you to why so many Asians have been buying gold like it is going out of style ever since the April 12, 2013 banker raid on the paper gold derivatives markets, and why I find it so amusing that some Western financial journalists still question whether or not the latest surge in gold and silver prices is just a “dead-cat” bounce. It is quite obvious that journalists that write about gold and silver tanking again have never sspent one minute inside any Asian country, especially during the last five months, where I have personally witnessed manic physical (NOT paper) gold buying in Singapore, Hong Kong, China and Thailand. While true, that the global fiat currency breakdown and real gold and silver money takeoff will be disorderly and very volatile, there is no question that we are still in the midst of a massive gold and silver bull run. And what happened on April 12? US President Barack Obama held a closed-door, off-limits meeting in the White House with the following 15 globalist bankers:
Lloyd Blankfein, Chairman and CEO Goldman Sachs
Jacques Brand, CEO Deutsche Bank
Michael Corbat, Chief Executive Officer Citigroup
Jamie Dimon, Chairman, CEO and President J.P. Morgan Chase
Sergio Ermotti, CEO UBS
James Gorman, Chairman and CEO Morgan Stanley
Gerald Hassell, Chairman and CEO Bank of New York Mellon Corporation
Jay Hooley, Chairman, President and CEO State Street Corporation
Abby Johnson, President, Fidelity Financial Services, Fidelity Investments
Steve Kandarian, Chairman of the Board, President and CEO Metlife
Brian Moynihan, President and CEO Bank of America/Merrill Lynch
John Strangfeld, CEO, Prudential
John Stumpf, Chairman, President and CEO Wells Fargo
Jim Weddle, Managing Partner, Edward Jones
Bob Benmosche, President and CEO American International Group
Jacques Brand, CEO Deutsche Bank
Michael Corbat, Chief Executive Officer Citigroup
Jamie Dimon, Chairman, CEO and President J.P. Morgan Chase
Sergio Ermotti, CEO UBS
James Gorman, Chairman and CEO Morgan Stanley
Gerald Hassell, Chairman and CEO Bank of New York Mellon Corporation
Jay Hooley, Chairman, President and CEO State Street Corporation
Abby Johnson, President, Fidelity Financial Services, Fidelity Investments
Steve Kandarian, Chairman of the Board, President and CEO Metlife
Brian Moynihan, President and CEO Bank of America/Merrill Lynch
John Strangfeld, CEO, Prudential
John Stumpf, Chairman, President and CEO Wells Fargo
Jim Weddle, Managing Partner, Edward Jones
Bob Benmosche, President and CEO American International Group
Just hours after this meeting, the bankers flooded the gold derivative markets with 400 tonnes of paper (non-existent physical) gold, and the infamous banker gold price raid of 2013 was on its way. Last week, on August 19, 2013, Obama met with the following banking industry regulators:
Securities and Exchange Commission’s Jo White
Commodity Futures Trading Commission’s Gary Gensler
Consumer Financial Protection Bureau’s Richard Cordray
Rothschilds Private Bank’s (U.S. Federal Reserve) Ben Bernanke
Office of the Comptroller of the Currency’s Thomas J. Curry
Federal Deposit Insurance Corporation’s Martin J. Gruenberg
Federal Housing Finance Agency’s Edward DeMarco
The National Credit Union Administration’s Debbie Matz
US Treasury Secretary Jack Lew
Commodity Futures Trading Commission’s Gary Gensler
Consumer Financial Protection Bureau’s Richard Cordray
Rothschilds Private Bank’s (U.S. Federal Reserve) Ben Bernanke
Office of the Comptroller of the Currency’s Thomas J. Curry
Federal Deposit Insurance Corporation’s Martin J. Gruenberg
Federal Housing Finance Agency’s Edward DeMarco
The National Credit Union Administration’s Debbie Matz
US Treasury Secretary Jack Lew
Immediately after this meeting was announced, fierce speculation that gold was about to get slammed yet again predominated internet gold forums. We immediately countered that speculation on our twitter feed by suggesting that this meeting was NOT about slamming gold prices but about fowarding the agenda to seize assets from within the US global banking system, “Cyprus” style, to recapitalize failing US banks.
Sure enough, not only did gold and silver fail to get heavily slammed after this meeting as many people were worried about, but both have since risen considerably higher in the interim. Finally, a few days later, the Rothschilds Private Bank (known in some circles as the US Federal Reserve) announced that they were going to begin cutting back on QE measures by $15 billion next month, eventually ending QE measures all together by June 2014. Besides my intense skepticism of this claim, and I would need proof that the Rothschilds Private Bank is actually cutting back QE without any concealed backdoor mechanisms to continue QE, there was one hugely notable development in the gold and silver markets. Normally anytime, Ben Bernanke whispered even a hint or suggestion of QE tapering, the gold and silver markets would crash on such an announcement. However, this time, the mass media reported not a peep about the massively significant decoupling of gold price behavior from QE tapering announcements, and the subsequent continued rise in gold price. For once, gold price behavior reacted intelligently to the insanity of Central Banking monetary policy and it ignored the propaganda of Central Bankers and continued to rise. Why is this development so significant in my opinion? It is massively significant because it signals a further breakdown of confidence in the monetary system. Every other instance that Chairman Bernanke even hinted about tapering QE, it gave the Federal Reserve and their puppet bullion banks an opportunity to suppress the price of gold that they successfully relished. This time around, I don’t believe that their propaganda was any less effective than all the prior times Bernanke falsely warned about QE tapering. So what has changed? People no longer care what Bernanke and other bankers say about QE because their confidence in fiat currencies, as illustrated by the largest single day drop of the Indian rupee last week, is starting to finally, and justifiably crack. And the first sign of a loss of confidence in fiat currencies and a vote for the solid valuation of gold (and silver) money is the first sign of potential hyperinflation ahead.
Watch the above video for illustrations of the US national debt round trip abilities to the sun and moon!
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About the author: JS Kim is the founder and Managing Director of SmartKnowledgeU, a fiercely independent research & consulting firm with a focus on intelligent, dynamic investment strategies to avoid the wealth destruction of quantitative easing and Central Banks’ currency wars. Sign up for our free newsletter on our homepage to learn the best ways to buy gold and buy silver. Follow us on twitter@smartknowledgeu
This article was posted: Monday, August 26, 2013 at 11:31 am
Source:
http://www.infowars.com/first-signs-of-hyperinflation-have-arrived/
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