As I was watching Bernanke being interviewed this morning due to his leaving the Federal Reserve, he made a statement that was not only an outright lie, but was made knowing that it would not be questioned.
Bernanke said that “inflation is not a significant QE risk.”
The reason he could make such an incorrect statement is because of the long term bastardization of the real meaning of the word inflation, and the complicity in that fraud by government and most all of the so-called economic “community.”
The printing of money out of thin air, which is exactly what QE (Quantitative easing) is, obviously is inflation. All the other Fed schemes meant to produce money from nothing are also pure inflation. As to price inflation, which is a consequence of real inflation, increasing the supply of money, it is lied about purposely by the Fed, the government and virtually all mainstream economists, especially Bernanke.
Since Bernanke was speaking of only price inflation, even though he did not present it that way, lets look at the truth about prices. Bernanke and the government claim that price inflation is 1.5%, but the real number according to John Williams of Shadow Government Statistics, a very reliable source, is currently 9.1%, which is more than 6 times what is claimed by the state. That number will increase dramatically when all this fake Fed money gets into the economic system.
Bernanke and his ilk are liars all!
“The state lies in all the tongues of good and evil, and whatever it says is lies, and whatever it has, it has stolen, everything it is, is false, it bites with stolen teeth, and it bites often, it is false down to its bowels.”
Friedrich Wilhelm Nietzsche, Also Sprach Zarathustra [1896]