KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 
 

Michael Pento continues:


“The Fed is trying to deceive global investors into believing deflation is America’s primary concern and Bernanke insists on thinking a weak labor market will keep inflation at bay.  To that end, the Fed Chairman explained why savers will continue to get the shaft by saying, ‘While conditions have certainly improved over this period, the pace of the recovery has been frustratingly slow, particularly from the perspective of the millions of workers who remain unemployed or underemployed.’  Translation, the Fed will keep printing money until doomsday. 


And thanks to the government substituting out everything going up in price from their inflation calculation, the core rate of the Personal Consumption Expenditure Index (PCEPI) is actually falling....


Continue reading the Michael Pento interview below...




Advertisement


To hear legendary Jim Sinclair discuss which company he believes

is the best investment and why click on the logo:






“This allows Bernanke the temerity to claim that he expects inflation to…get this, ‘remain subdued.’  But reality is calling him a liar.  According to ABC News, the average price of a gallon of gasoline is up 11% year over year and up 30% in the last two years alone.  Since the core rate of the PCEPI strips out energy prices, Bernanke can claim with a straight face that inflation isn’t a concern at all. 


But perhaps the real reason why Bernanke is fighting this phantom battle against deflation can be found in our fiscal dilemma.  America’s debt burden makes the situation in Europe look almost utopian.  EU-17 has a debt to GDP ratio of 87% ($8.2 trillion), while our figure is already north of 100% ($15.3 trillion) and climbing rapidly.


Therefore, Mr. Bernanke is aware that any significant increase in interest rates would send the U.S. quickly into insolvency, a la Greece.  Perhaps that’s the real reason why the Fed is so willing to ignore the inflation that is crushing the middle class. 


Bernanke is aware that the money supply must increase rapidly in order for there to be enough capital to service our debt.  Negative real interest rates and the continuous destruction of our currency is just business as usual in the United States.  And the sad truth is that gold’s best friend is the man in charge of our central bank.” 


To Learn more about Michael Pento’s financial management services CLICK HERE. 


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


Eric King

KingWorldNews.com

To return to BLOG click here.


 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_26_link_0shapeimage_26_link_1

© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_28_link_0shapeimage_28_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_29_link_0shapeimage_29_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html