Government

Bernanke Admits: Inflation Rising

While he did announce the Federal Reserve will end its second round of quantitative easing on schedule, Fed Chairman Ben Bernanke admitted that inflation will rise, which was the fear of those who criticized the program in the first place.

CNBC reports:

In his first regular news conference, Federal Reserve Chairman Ben Bernanke said the central bank was continuing its stimulus policy because it was projecting slower growth in the economy with only a modest uptick in inflation.

Wednesday‘s event marks the first regularly scheduled news conference by a Fed chairman in the central bank’s 97-year history.

The Fed cut its growth estimate for 2011 to between 3.1 percent and 3.3 percent from a January forecast of 3.4 percent to 3.9 percent.

The Fed also raised its estimate of inflation this year to a range of 2.1 percent to 2.8 percent, taking into account a recent surge in oil prices. However, it bumped its core inflation forecasts only marginally to a 1.3 percent to 1.6 percent range.

That’s a much different picture than the Associated Press decided to paint:

The Fed downplayed inflation risks. It acknowledged a spike in oil prices, but concluded that the pickup in inflation will be temporary.

Fed Chairman Ben Bernanke spoke at a historic news conference after the meeting. It was the first time in the Fed’s 98-year history that a chairman has begun holding regular sessions with reporters.

Bernanke said Fed officials expect the moderate economic recovery to continue after weak growth in the first three months of the year.

Comments (159)

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  • chiefparker
    Posted on April 27, 2011 at 4:29pm

    Let’s see, How did President Andrew Jackson put it referring to the 2nd US Bank. Paraphrase
    “I’ve been watching you from afar. You invest the peoples money and if you profit you divide it amongst yourselves and if you lose you spread on the people. Your a den of vipers and thieves.

    Report Post » chiefparker  
  • fixer
    Posted on April 27, 2011 at 4:25pm

    stock up on food and ammo NOW! I think we’ve got about 2 weeks until the sh*t hits the proverbial fan.cities have only about 3-5 days supply of food and when that goes,there will be roving bands out to take yours.pull your money out of the bank and spend(invest) it in something of value…food,ammo,seeds SOMETHING because if it’s in the market or the bank,it’ll be GONE!

    Report Post »  
    • Pitcher
      Posted on April 27, 2011 at 4:33pm

      You could be right, Quantitative Easing ends 12 May. http://www.newyorkfed.org/markets/tot_operation_schedule.html#

      Report Post »  
    • SpottedCamel
      Posted on April 27, 2011 at 5:57pm

      Hmmm, Fed stops QE2 on/around May 12th …. there is that action about not paying mortgages and stressing the banks on/around May 15th …. putting two and two together ….

      Report Post »  
    • jeff1158
      Posted on April 27, 2011 at 6:12pm

      Fixer, Well said. For most of the last year I have purchased extra canned goods. I feel like I still need more. Flour, suar, coffee, beans, corn meal. Enough to last three months. Three months is approximately how long it takes to grow most vegitables. Ammo- nine pellet 00 buck shot and Winchester PDX rifled slug with 00 pellets- enough to keep anyone from bothering me. I have NEVER gone looking for trouble and I have no desire to do so now. I do hope that TROUBLE never comes looking for me.
      I live in the country. I know where the beef cattle are. I know where the horses are. I would not steal from these farmers and ranchers but I would offer trade or protective services in exchange.
      Last but not least. I have a large amount of fresh water storage. I have well water but if I loose power, I will still have water.
      I’m not some crazy hermit. I have a regular job. I am a Christian who believes in a promising future both here and in Eternity. I have friends and family that I love and they love me. I just believe in being prepared. Like Glenn said,“We have nothing to fear if we are prepared to help ourselves and others”

      Report Post »  
    • jeff1158
      Posted on April 27, 2011 at 7:17pm

      Fixer, I’m new at this post, reply stuff. I wanted to reply to your comments on food and ammo. Check out JEFF1158.

      Report Post »  
    • mill
      Posted on April 27, 2011 at 9:42pm

      READY.. ALREADY…

      The only reason Obama released the BC was to take the eye off Bernanke…
      AND….most of America was dumb enough to pay attention .
      NOTHING BUT A SMOKE SCREEN TODAY…

      Obama wants to increase drilling…NO no here, in Saudi Arabia!!..to hell with our country, lets suport his brothers!

      Report Post »  
  • fatsomann
    Posted on April 27, 2011 at 4:23pm

    Duh….or maybe one of Oprah’s aaahaa moments?

    Report Post » fatsomann  
  • TheBloodOfTyrants
    Posted on April 27, 2011 at 4:21pm

    Doomed

    Report Post » TheBloodOfTyrants  
  • UpstateNYConservative
    Posted on April 27, 2011 at 4:14pm

    The libs have said all along that Glenn is a liar for predicting coming inflation. Could it be the libs were…ummm…wrong?

    Oh, perish the thought!

    Report Post » UpstateNYConservative  
  • Zer0
    Posted on April 27, 2011 at 4:13pm

    Glenn Beck vindicated….again.

    Report Post »  
  • Pitcher
    Posted on April 27, 2011 at 4:13pm

    Big Ben debuncts Glenn’s chart showing relationship between oil and the dollar!

    Report Post »  
  • wkan
    Posted on April 27, 2011 at 4:06pm

    I am a totally disabled veteran and though I am sure there are those who feel my next comment will sound greedy as I live on the public dole or welfare as Rush likes to tell it. I listen to Rush and like him but sometimes he is out of touch. For two years I have lived without a cola and this year they are keeping it as low as possible lying about inflation this pos took office. Like everyone my costs for heating oil, food and gas have gone through the roof yet my compensation for my injuries has remained the same. 2.3 percent will be all of 40 dollars a month. I guess I should be grateful huh

    Report Post »  
    • UpstateNYConservative
      Posted on April 27, 2011 at 4:16pm

      You are not a parasite, Veteran. You suffered a war wound to keep me free. Paying taxes for you is no sacrifice or burden at all.

      Thank you for serving!

      Report Post » UpstateNYConservative  
    • commonsenseguy
      Posted on April 27, 2011 at 4:26pm

      @wkan, never let it be said that Americans will not take care of the soldiers who have sacrificed themselves for our freedoms and our country, i would hope you would accept my deepest apologize for what our government has done to you and will continue to do to you and all of our military personal, i would never allow anyone to say you are a burden, you all deserve way more than you will ever get for your bravery and sacrifice to our country, so please, remember we all are indebted to you for your service,and would never include any of our military personal in the same boat as the worthless and lazy parasites that have taken advantage of our country,but most of all taken advantage of you sacrifice,

      Report Post »  
    • fixer
      Posted on April 27, 2011 at 4:27pm

      thanks for your service,sir

      Report Post »  
    • Born In MA
      Posted on April 27, 2011 at 4:30pm

      Sir, As others have already stated, you are NOT a burden to those of us who respect and thank you for your service. You are deserving of every benifit you receive.

      Report Post »  
    • trueblueday
      Posted on April 27, 2011 at 4:31pm

      I fear you are not compensated enough. The word “greedy” (in my book) will never apply to a Veteran of this country. Thank you for your service.

      Report Post »  
    • MidWestMom
      Posted on April 27, 2011 at 4:35pm

      It’s not welfare or the dole – its a THANK YOU for your service!! Thanks for posting – now I know at least some of my taxes are being spent wisely. I wish it were more…..

      As a mother of soldiers, I know the sacrifice you’ve made. Sir, I salute you.

      Report Post »  
    • MidWestMom
      Posted on April 27, 2011 at 4:46pm

      Every single one of our soldiers & vetrans deserve our highest respect and our deepest thanks. They also deserve every single dollar they receive.. and their compensation should be much, much, much more. This one issue shames our country more than anything.

      Report Post »  
    • wbmann
      Posted on April 27, 2011 at 5:44pm

      As a daughter, sister and wife of veterans I wish to thank you for your service to protect our country. Never feel that you are greedy or “on the dole” because you are a disabled vet. My father was also a 100% disabled vet and I was very proud of him. I am sure your family if proud of you as well. God Bless.

      Report Post »  
    • Bob_R_OathKeeper
      Posted on April 27, 2011 at 7:06pm

      I feel your pain, disabled vet here too, but get this, they have taken my 2nd Amendment right because now they claim I’m incompetent because I have 100% PTSD rating, not only that, they keep over half my benefit check in a BANK and I cannot touch it, along with my retroactive pay, all through a fiduciary, this is becoming a trend also and no one I‘ve contact even gives a rat’s a$$. We are on our own. Semper Fi.

      Report Post » Bob_R_OathKeeper  
    • MidWestMom
      Posted on April 27, 2011 at 8:31pm

      Shameful….absolutely Shameful

      Report Post »  
    • JustACountryGirl
      Posted on April 28, 2011 at 6:13am

      My husband is 100% medically disabled (after serving in the Corps and then the Army.) He is low functioning due to memory issues PTSD/TBI, and is unable to be left alone. Living on the fixed budget is very difficult for us with raising costs of essential items. Even, if he was able to overcome the symptoms of his PTSD/TBI he physically would be unable to work most employment. I am his caregivers and gave up a career and earning potentialto stay home and care for him. We have 4 children to raiseand it’s very difficult and challenging to provide for them on this fixed income. Many family members helpful suggest that I return to work. Or even better- my husband and I should have planned better and maybe chosen to have fewer children. I was shocked to learn many of our family members feel like we live off “the dole” for everything since we live solely off his disability benefits. Which my own mother pointed out comes 100% from the government and tax dollars. With no COLA and raising costs of food, gas and energy hitting upwards of 65% we both stress what is to come financially in the next 5 years. I hope everyday that my husband can regain his ability to care for himself, that I can return to the workforce, that my husband could shrug off the shame and depressionhe carries around being a grown man unable to care for himself or his children, that one day we may have the same quality of life which we at one point enjoyed. Until then we just pray and cope the best that we can. We try to heal our family. I hope that Veteran benefits change, improve and that the public’s attitude changes.

      Report Post » JustACountryGirl  
    • Shamrock241
      Posted on April 28, 2011 at 8:09pm

      @WKAN Thank You for your service, i just want to say i think you might be misunderstanding Rush. Please understand there is a big difference between the truely needy and those that scam the system, he has said this on more than one occassion. I think all vet’s and seniors should get a very large cost of living raise and that could easily happen if washington was not filled with corrupt crooks.

      Report Post »  
  • Dr. Insane O
    Posted on April 27, 2011 at 4:06pm

    Bernake is so reassuring, so trusting. His words are so comforting.-yeah right

    GET RID OF THIS PIECE OF GARBAGE. HE IS ONE OF TH REASONS OUR LIVES AR BEING RUINED

    Report Post »  
  • dizzyinthedark
    Posted on April 27, 2011 at 4:04pm

    This a.m. gold was at 1,527.11 and now it’s 1,529.47 AFTER Bernanke comes out of his hole and yes, he saw his shadow!

    Report Post » dizzyinthedark  
    • Pitcher
      Posted on April 27, 2011 at 4:24pm

      Gold futures opened this morning at 1506.90

      Report Post »  
  • Rickfromillinois
    Posted on April 27, 2011 at 4:03pm

    So why is it that when equating inflation the cost of food and gasoline aren’t included?

    Report Post » Rickfromillinois  
    • commonsenseguy
      Posted on April 27, 2011 at 4:07pm

      @rickfromillinois, don’t worry about it, they have it all figured { i mean schemed } out, remember, the know what is best for us homer simpson types. you do not need to see the math equations used to screw americans, you just need to pay your part

      Report Post »  
    • Mperiod
      Posted on April 27, 2011 at 5:53pm

      Because including volatile priced goods would make the numbers meaningless, core inflation rates are actually an important measure.

      Report Post » Mperiod  
  • commonsenseguy
    Posted on April 27, 2011 at 3:59pm

    to blind to see, or to stupid to admit it, remember he is highly educated ,so he and obama and george soros know best , we are just homer simpsons,and we don’t under stand how things work,if the fed and the government had not spent us into a cesspool,we might have been okay,but even with their communist tactics,we are still heading over the deepest cesspool in history, people, please get prepared and get ready for a long hard road to recovery.

    Report Post »  
  • piecolorado
    Posted on April 27, 2011 at 3:58pm

    Wait a minute, if the annual growth of GDP is expected to be about 3% and the inflation is supposed to be about 3%, doesn’t that mean we expect zero growth?

    Report Post »  
    • commonsenseguy
      Posted on April 27, 2011 at 4:03pm

      @piecolorado, i am not that smart ,but i think 3-3=0 but then again, with the governments and the feds way of math, it just might be 1000,000 who knows, we are not as smart as the Harvard grads,so they think.

      Report Post »  
    • SLAPTHELEFT
      Posted on April 27, 2011 at 4:28pm

      You obviously didnt attend an ivy league school.

      Let me help you: 3-3=0 but when we use the quantatative easing method you actually have 6 times as much money so now its 18-3=16. And dont worry about where the extra 15% came from. Just get to work. Let the educated elite worry about that and mind your business. When they need your help figuring things out theyll let you know in the form of an inflated tax bracket. Why all the questios any way?

      who cares anyway right? there is no time for your conspiracy questions with the royal wedding 3 days away. Stop your fearmongering and fuzzy math. It adds up. They said so. and they never lie. only the truth all day long!

      Report Post » SLAPTHELEFT  
  • jeffyfreezone
    Posted on April 27, 2011 at 3:57pm

    Ya think?

    Report Post »  
  • Psychosis
    Posted on April 27, 2011 at 3:56pm

    ALL SMOKE AND MIRRORS AND LIES

    FROM THE FED AND FROM OBAMA

    whats up with the name of the hospital on obamas certificate of live birth??????

    it was not called that until 1978 so, why does it say that now ????? he was born in 61

    The facility was originally founded by Queen Kapiolani as the Kapilani Maternity Home in 1890 for which she held bazaars and luaus to raise $8,000 needed to start the Home. Kauikeolani Children’s Hospital opened in 1909 named for Emma Kauikeolani Napoleon Mahelona (1862­1931), the wife of Albert Spencer Wilcox (1844-1919).[1] In 1978, it merged with Kapiolani Maternity Home to become Kapiolani Medical Center for Women and Children.

    http://en.wikipedia.org/wiki/Kapiolani_Maternity_and_Gynecological_Hospital

    http://rense.com/general93/wrong.htm

    this guy is nothing but a fraud ……….period

    Report Post » Psychosis  
    • JJCon
      Posted on April 27, 2011 at 4:25pm

      Off Topic and red herring. Both mine and my wife CoLB have a hospital name different than the hospitals common name.

      Report Post »  
    • Mperiod
      Posted on April 27, 2011 at 5:50pm

      Yes – the guy (and his mysterious handlers) have come up with this huge world wide con with support from various levels of the government, the fbi, and the cia …and you’ve “gotten to the bottom of it” with wikiepedia.

      Report Post » Mperiod  
    • Psychosis
      Posted on April 27, 2011 at 5:52pm

      @ jjcon

      no, it is not a red herring

      the name being used on his bc is the current name of the hospital , not the name it was when he was born

      so, your telling me, that they put the FUTURE name of the hospital on his birth certificate a full 16 yrs before it was changed ??????

      nice try but epic fail on your part. please , introduce me to the person that could foresee the namechange that wouldnt happen for 16 freakin yrs

      Report Post » Psychosis  
    • JJCon
      Posted on April 27, 2011 at 6:25pm

      I think you’re reading it wrong. The present day name is “Kapi‘olani Medical Center for Women and Children.” In 1961, there were two hospitals “Kauikeolani Children’s Hospital“ and ”Kapi‘olani Maternity Home.” Obama’s CoLB says “KAPIOLANI MATERNITY & GYNECOLOGICAL HOSPITAL.” That is far closer to the old name than the present day name.

      You’re freaking out over the words “Home” and “& Gynecological Hospital.” If there was a difference than I wasn’t born in a hospital but rather a foundation. Give it up.

      Report Post »  
  • sle
    Posted on April 27, 2011 at 3:56pm

    between this clown and many of the dirty politicians, most of them should be in jail…thieves. can you imagine how many peoples lives have been ruined by these people!!!

    Report Post »  
  • boomboom
    Posted on April 27, 2011 at 3:55pm

    Damn the Torpedoes; Audit the Fed!

    Report Post » boomboom  
  • TRONINTHEMORNING
    Posted on April 27, 2011 at 3:55pm

    Oh, Ben; you’re so on top of things.

    Report Post »  
    • mademps
      Posted on April 27, 2011 at 10:07pm

      Isn’t he just so on top; he has not noticed yet that he is standing on top of a pile of poopee? First news conference in 97 years and all he has to say is inflation is happening, but at a so-called low rate. You go, Ben. Go….let’s see, where would be a good place for him to go? Like back to school maybe, as he and Obama must have both flunked math. If it was just a financial collapse in this country, that would be bad enough, but the reason they want to bring us down is to force this nation into their New World Order. They know we would not go any other way. This has been on the table for a long time, and they finally have things where they want them. What they don’t know would sink a big ship; the Bible prophecies a last days world empire, and it’s run by a dude named Antichrist. The one thing that might generate God’s mercy in America is to stand up for Israel, but Obama won’t even do that! So we kill babies, and do all that other stuff that got Sodom and Gamorah toasted and we are really arrogant enough to think it’s OK for us? NOT. Time to dust the Bible off, dear hearts. I’ve taught Bible prophecy for 45 years, and WE ARE THERE! God is our only hope, through Jesus, His Son. He loves each of you, so give Him a chance. He loves the Muslims, too, so save your anger and fear for the radical Islamists, the Shiites like Amhadinejad who can’t wait to toss a few nukes at us and Israel. It can be scary but I know the Lord, and He is in charge. I’m sure He has a good laugh when Obama and Bernanke and the rest of that bunch hunch over their secret meetings. They think they are so cool but where that road ends for such people, it’s not cool…..ya’ know.

      Report Post »  
  • travlman77
    Posted on April 27, 2011 at 3:53pm

    Look at my gold and silver go!!

    Report Post » travlman77  
  • Snowleopard {gallery of cat folks}
    Posted on April 27, 2011 at 3:53pm

    So he finally admitted to what everyone else has already figured would happen? What else is new about that statement, inflation is already going up and up in real terms.

    Report Post » Snowleopard {gallery of cat folks}  
  • Living In NYC
    Posted on April 27, 2011 at 3:53pm

    Inflation…is there any..give me a break Bernanke do you think we are fools?

    Report Post » Living In NYC  
    • Fulksie
      Posted on April 27, 2011 at 4:36pm

      If Ben says inflation will only be 2.8%, he must NEVER go grocery shopping. 2.8% was a long time ago Uncle Ben.

      Report Post »  
    • CatB
      Posted on April 27, 2011 at 4:57pm

      He hasn’t been to a gas station .. or even drove past one? …Gas was at $1.84 the day Obama was sworn in as President … THEY ARE DOING A HECK OF A JOB .. BRINGING DOWN THE COUNTRY!

      Report Post »  
  • Oh, God!
    Posted on April 27, 2011 at 3:53pm

    Recovery? No. Inflation? Yes, been happening for quite awhile. But what would I know, I’m just an unemployed (2 years) mom of 4 kids.

    Report Post » Oh, God!  
    • Kansas Mom
      Posted on April 28, 2011 at 6:40pm

      I hope you find work soon…buying milk at almost $4/ gallon for four kids must be difficult.

      Those idiots in DC could ask any mom who does the family shopping……..prices are higher every time they purchase food.

      Report Post » Kansas Mom  
  • grandmaof5
    Posted on April 27, 2011 at 3:53pm

    Guess it’s easy to admit the obvious. Wonder when he came to that conclusion or has he just started listening to Glenn. What a waste of oxygen.

    Report Post »  
    • Snowleopard {gallery of cat folks}
      Posted on April 27, 2011 at 4:03pm

      Afternoon Grandmaof5, and yes he is a waste of oxygen. This though does lend support to another theory I have on the origin of political figures who have no idea how to do things right…they derive from a line of evolution in which oxygen either was not needed, or corrupts what functional cells in their intelliegence centers remain.

      Report Post » Snowleopard {gallery of cat folks}  
    • SLAPTHELEFT
      Posted on April 27, 2011 at 4:21pm

      Grammie

      So you know I have been taking the censorship sword lately too. Not sure which words are ok anymore. D.i.n.g. d.o.n.g got bleeped yesterday. As always you are not alone.

      Report Post » SLAPTHELEFT  
    • grandmaof5
      Posted on April 27, 2011 at 4:43pm

      SNOW, afternoon to you too. Read where your allergies are kicking up again – sorry to hear that. Been under the weather w/ upper respiratory myself but on the mend. Hope you feel better soon.
      SLAPTHELEFT, yep, don‘t know what’s up with all that but may have to turn in a “report” on my comment and see how they respond. I could understand if it was a word from out in left field, but all I did was quote the same word they used yesterday.

      Report Post »  
    • Snowleopard {gallery of cat folks}
      Posted on April 27, 2011 at 5:25pm

      Grandmaof5, seen the postings of many who are having problems with some posts being deleted as well, some of mine on occasion too. The Blaze has at the bottom of each page a new “Comment Policy” link that can explain many of the changes now. Hope it helps out.

      Report Post » Snowleopard {gallery of cat folks}  
  • sWampy
    Posted on April 27, 2011 at 3:52pm

    Amazing, it’s been at 15-20% for the last 3 years, and they admit it’s rising. Why do liberals only call it inflation when salaries are rising? Hyper inflation is what the last 3 years should be called, prices of everything we need to live almost doubles, and 25% of the population out of jobs or under employed.

    Report Post »  
    • Mperiod
      Posted on April 27, 2011 at 5:47pm

      Uhm – maybe they just know what inflation is; we actually had deflation in 2009, and very very low inflation in 2010. 15-20% inflation? Come on you do realize these are actually real, calculated numbers – you can’t just make stuff up and the criticize others for “not understanding”

      Report Post » Mperiod  
    • sWampy
      Posted on April 27, 2011 at 6:00pm

      Have you priced bread, meat, milk, juice, clothes, gas, you know stuff we need to live on? The costs of those have been up 15-20% moron. Beef prices have doubled in the last 6 months alone. Yes we have had deflation, house prices have plummeted, and average family incomes have gone down, making the poor and middle class suffer. Only a liberal moron would say that because salaries went down and the value of the biggest assets the average American owns went down we had deflation. I’m so sick of you low iq liberal morons, I‘ll be glad when Lincoln II’s civil war 2 starts, we are ready this time.

      Report Post »  
  • vennoye
    Posted on April 27, 2011 at 3:52pm

    Well, you know they are in over their heads when the con game, news conferences start!!

    Report Post » vennoye  
    • Snowleopard {gallery of cat folks}
      Posted on April 27, 2011 at 3:59pm

      True, they now have to face the music so to speak; the system is out of control, the cat is out of the bag, and the piper is now demanding at the top of his lungs the money he is rightfully due.

      I just wonder if this could be the setting up for another major ‘emergency’ down the road in a few months time…maybe even just a few weeks. With this current administration, I cannot keep from wondering if there is another boot getting ready to fall down upon our heads at any moment.

      Its like having the sword of Damaclese hanging over our nations head.

      Report Post » Snowleopard {gallery of cat folks}  
    • Snowleopard {gallery of cat folks}
      Posted on April 27, 2011 at 4:01pm

      When the press conferences begin indeed it is time to admit they are way in over their heads, they are playing the song and dance, the piper is due his money and the cat is out of the bag and sitting there laughing along with all the aniamils.

      Report Post » Snowleopard {gallery of cat folks}  
    • SLAPTHELEFT
      Posted on April 27, 2011 at 4:13pm

      HOLD THE FUDGE UP!

      Where is encinom? Didnt Glenn say inflation was coming? So al of you little commies have now been exposed as liars for berating Glenn on his epic projections. you no longer have any Blazecred and should cease and desist immediately from ever insulting the great intelligence of Mr. Beck.

      And from now on it is Mr. Beck to you. And BTW encinom, you little joke of a man, did you see Gabby giffords walking today? I thought you said she was dead. Didnt you? didnt you blame Glenn and the wonderful, brilliant Mrs. Palin for her death. Man you are such an epic failure! There is absolutely no credibility to anything you say. It must be a real ordeal to walk through life knowing that you are not taken seriously. And yes I will supersize my order. And give me extra ketchup with my fries. What a joke you are.

      Report Post » SLAPTHELEFT  
    • SLAPTHELEFT
      Posted on April 27, 2011 at 4:19pm

      And thank you Ben Bernanke.

      You have just admitted what all of us “Beckbots” have known for 6 months. Believe me, since we dont survive on gov’t handouts or food stamps, we have been watching our food, clothes, and fuel prices rise steadily. Anybody with half a brain and American responsibility could have told Ben inflation was an issue. why do we need ivy league elitists to tell us the blatantly obvious. I guess that harvard education was money well spent. Glenn dropped out of college and is at least two years ahead of all these so called brainiacs. Thank you Glenn for being ahead of the curve. And thanks Ben for doing your level best to destroy our country and finally admitting the truth that the left has called “conspiracy theory.” Glenn 296- commie left-0

      Report Post » SLAPTHELEFT  
    • SavingtheRepublic.com
      Posted on April 27, 2011 at 4:24pm

      ^______^______^
      I have posted articles about how they, Fed, said inflation was no concern no risk yada yada now they admit it! What else will these crooks admit? Its insane that we have a private bank dictating monetary policy for the US and world, since so many base their system off the dollar, that was created by guys in the “dark of night” using alias to the famed Jeckyll Island. If you havent read or seen the vid of The creature from Jekyll Island its a must. It was one of the factors in my awaking years ago before I even knew who Glenn Beck was!

      Beck, Schiff, Celente etc have all said this is coming but the worst apart about it is how they are keeping rates low while running the printing press. If all that money hits the street its going to be one big mess THE FED created. This is where we need a guy like Ron Paul to go after the Fed but stay out of the WH PLEAAASSEE!

      Report Post » SavingtheRepublic.com  
    • Loveyourneighbor
      Posted on April 27, 2011 at 4:25pm

      Maybe some of you could assist me. I read somewhere that the end of the QE2 could bring devastation to the bond market. That is why the big bond holders started selling off all the treasury bonds. And that this could be devastating to the dollar. Am I wrong, off track, or is there concern?

      Report Post »  
    • encinom
      Posted on April 27, 2011 at 4:42pm

      @SLAPTHELEFT, Becky has been saying that hyper-inflation is on the way, not what is predicted. Becky is nothingmore than a college drop-out who is trying to remember something he heard is a drunken daze.

      Report Post »  
    • UpstateNYConservative
      Posted on April 27, 2011 at 4:52pm

      @Loveyourneighbor

      Let’s see if I can help, tho I’m no expert.

      As I understand, the QE2 was little more than printing new dollars and more or less flooding the market. Each new paper bill deflated the value of those already out there, because there aren’t enough precious commodities like gold, silver, and platinum to back them up. The same with the bonds. All are basically backed by the full faith and credit of the United States.

      Years ago, paper money was issued in gold and silver certificates, payable in the metal to the holder on demand. You could walk into a bank, drop down a $1 silver certificate, and receive $1 in silver. And, until 1964, coins were mostly silver. We stopped minting gold coins in the 30s.

      Now, what good is paper, really? They’re basically promissory notes, held as the go-to currency of the world since about 1955. Everything, at exchange, is based on the dollar. If the world decided to use the Euro as the base currency, then all that American paper money held around the world comes back to us–with the demand that we produce the precious metals in return to the holders.

      If that happens, we can say goodbye to Hollywood (like the song goes). And to the United States.

      No one knows how much gold and other metals are in Fort Knox. As a matter of fact, no president can go in there without an Executive Order allowing him to go in, the security is that tight. People who work there too long, who start becoming too knowledgeable of the system, are summarily dismissed.

      If the world starts trading in its dollars and bonds in bulk, we are screwed.

      That’s basically it, the short version as I understand it.

      Aren’t you glad you woke up this morning?

      UpstateNYConservative  
    • TheLascone
      Posted on April 27, 2011 at 4:55pm

      Get ready ….
      http://www.flickr.com/photos/23630227@N06/5603422753/in/photostream/

      Report Post » TheLascone  
    • demint.disciple
      Posted on April 27, 2011 at 5:10pm

      Everyone having a ball with Glenn LAUGHING at us.. He is talking about HIS FANS and the people that made him, like were all a bunch of idiots and laughing all the way to the bank.. well I got so sick of him and his school girl side kicks this morning on radio laughing at ALL OF US, that I change him and started listening to Laura Ingrahm.. Now on T.V not 3 mins ago he was calling us stupid.. I’m done with this fake… Bye Glenn and everyone on this sight..

      Report Post » one years food ration like glenn says  
    • the_zazzy
      Posted on April 27, 2011 at 5:18pm

      @ENCINOM
      You would certainly know about druken dazes, since most of your posts are written as though you are in one. Keep playing down the fact the “Becky” is wrong. To deny the fact that inflation (hyper or otherwise) is not going to happen is simple denial.

      Report Post » the_zazzy  
    • SLAPTHELEFT
      Posted on April 27, 2011 at 5:24pm

      Encinom

      Thats the best you can do? No wonder you are considered a joke in every circle you walk into. How does it feel to walk around with all of that jealousy, envy, and hate in your heart?

      Report Post » SLAPTHELEFT  
    • encinom
      Posted on April 27, 2011 at 5:25pm

      @Upstate where are you getting your facts from? The US dollar is not backed by gold or any other precious metals and hasn’t been since Nixon. Foreign holders of currnecy would have to exchange their dollars at the current exchange rate for what ever new currency that replaces it, they could not ask for gold to make up the lost value.

      Report Post »  
    • SLAPTHELEFT
      Posted on April 27, 2011 at 5:26pm

      @ demint Disciple

      Have a nice life. With that type of p*ss poor attitude, you do no one any good here.

      Report Post » SLAPTHELEFT  
    • SLAPTHELEFT
      Posted on April 27, 2011 at 5:28pm

      Encinom reminds me of those mindless idiots who spout off rehearsed talking points at our TEA party rallies. No content. No organization. No meaning. No credibility. Not respected. Ungroomed and absolutely no personal hygiene.

      Report Post » SLAPTHELEFT  
    • Ironmaan
      Posted on April 27, 2011 at 5:36pm

      It’s rising and the rise is accelerating. Protect your wealth, buy precious metals.
      http://guerillatics.com

      Report Post »  
    • Okie from Muskogee
      Posted on April 27, 2011 at 6:01pm

      Anyone with any intelligence knew inflation would occur…..Anyone with any intelligence understands there is no return or fixing the trouble WE THE PEOPLE have caused….

      You will have one side blaming and hating BO for everything bad in our country while another side will blame Bush and his cronies blah blah blah…. Fact of the matter it is our own fault for being greedy, for turning from God and for breaking virtually every commandment we are to adhere to given by God…

      It is quite ironic all those gnashing teeth and pointing fingers usually are the same ones with their hands out for Medicare, Medicaid, social security, welfare, WIC, etc…..If you have your hand out while you complain your a hypocrite…..

      America has become Godless….The Roman Catholics, whom proclaim the pope is Christ, worship the anti-Christ….The Protestants, whom got the name Protest-Ant for protesting the Anti Christ Catholics, now bow to the pope and worship on his declared Sunday which goes against the commandments…..Then you have the plain old Pagans…..America has become Godless and because of our wicked ways, wicked things are occurring….It is not BO‘s fault or Bush’s fault, it is OURS for turning from God….The only way to fix our wickedness is to turn to God and stop looking for a “man” to fix it…..

      Report Post » Okie from Muskogee  
    • UpstateNYConservative
      Posted on April 27, 2011 at 6:05pm

      @encinom

      I know how it works. We still have an exchange rate but, if the dollar tanks and the world reserve currency is changed to the Euro, do we have enough Euros on hand to do the exchange on demand? I doubt it. So, the only recourse for other countries holding vast sums of dollars is to demand gold and such to sustain their own economies.

      Paper money and exchange rates are abstracts, almost theoretical. For example, if you can buy/exchange a Euro for two dollars today, but tomorrow you need four dollars to secure a Euro, those countries holding those dollars just lost half the value of their dollar holdings against the Euro. If the slide continues, the only logical recourse will be to demand hard commodities if those countries want to save their own economies.

      The time is long past when we controlled half the Gross Global Product and could basically dictate terms, conditions, and outcomes. If the IMF gets together and demands we pay our creditors in gold, silver, and platinum, we have no choice other than default.

      Most of the trading is done by computer. Imagine a major failure of that system for sixty seconds, either by accident or design. Billions, if not more, could simply vanish; Trump could literally go from prince to pauper before you and me brew our morning’s first cup of coffee. I know there are safeguards and backups, but nothing is perfect.

      What we have done since Nixon is remove all the barriers that keep stable economies in check–like issuing no more paper money than is worth the value of gold reserves in the Treasury. Since we’re on an abstract system that is starting to crush under its own weight, worldwide, the only recourse I see is that at some point is we’re going to have to return to what worked for centuries: hard currency.

      And we don’t have it.

      Report Post » UpstateNYConservative  
    • tower7femacamp
      Posted on April 27, 2011 at 6:09pm

      How can he Lie about it ?

      Report Post » tower7femacamp  
    • Dahart
      Posted on April 27, 2011 at 6:13pm

      @ENCINOM

      The man who reads nothing at all is better than educated than the man who reads nothing but newspapers…….or maybe this fits……He who knows nothing is closer to the truth than he whose mind is filled with falsehoods and errors

      Report Post » Dahart  
    • Professional Infidel
      Posted on April 27, 2011 at 6:49pm

      Yea it’s really hitting the fan now. “How convincing was ben”?? Im broke and could tell all he did.

      Report Post »  
    • DirectlyUnPCman
      Posted on April 27, 2011 at 6:51pm

      Encinom is a fool. Dont believe me? Just read his words.

      Report Post » DirectlyUnPCman  
    • thepatriotdave
      Posted on April 27, 2011 at 7:09pm

      “Bernanke Admits: Inflation Rising”
      ————————————————–
      We sure as heck didn’t need him to tell us that, just go and buy some groceries every week and you will see it for yourself.

      Everyone thinks that high gas prices and inflation affecting food, clothing, etc, will be the downfall of Obama in the next election. For those of you that think that, I have a message for you… DON’T COUNT ON IT!

      I fully expect this next election to be the dirtiest, nastiest, ugliest, most expensive, and possibly the most crooked ever in our nations history. The Obama machine will stop at NOTHING to make sure he stays in the White House for 4 more years, and possibly longer. Yeah, I know he can’t serve more than that, but this gives you an idea how much I trust him and his administration. Do you really think Eric Holder would uphold the law if Obama was to stay longer than he should????

      The only way to make sure that Obama cannot win (legally), is to produce a candidate to run against him that ends up winning by an overwhelming landslide. I think the only person today that can do this is Col. Allen West. Our poll results gives us that insight…

      Prez Poll Results…
      http://www.AmericasTeaPartyNews.com

      Report Post » thepatriotdave  
    • Issachar
      Posted on April 27, 2011 at 7:11pm

      WE THE PEOPLE are being lied to on a daily basis, well all of those that believe what they say anyway! I can do my own research and I have, and the DOW will drop TO 2500 by the fall, not drop by 2500, but TO 2500. Bold and fresh. This baby is going down, and there is not a damn thing anyone can do about it – this is a runaway train now!!!!!!!!!!!!!!!!!!!!!! Then on top of that, the Oboozler, is playing the race and class cards, whipping up the frenzy, so he can do his top down thing, but he will be in for a rude awakening when he does!!!!! What’s it going to take to wake you people up anyway? $10/gal gas? $30 loaf of bread? LOL…We The Sheeple, it is so sad, ignorance is bliss I guess.

      Report Post »  
    • Issachar
      Posted on April 27, 2011 at 7:55pm

      End the illegal Fed, they lie to you just as much as Odinga and all his minions!!!!!!!!!!!!!!!!

      As God is my witness, this will not stand! America is crashing, and we can do is arrange deck chairs, this is amazing and treasonous!

      Support DeMint, crash the damn thing already now, so our children don’t have to do it, we helped cause it, so we can damn sure help rebuild it.

      Report Post »  
    • jhaydeng
      Posted on April 27, 2011 at 9:22pm

      Bernanke! That’s just a fun word!!! Bernanke! Bernanke! Isn’t there a game called Bernanke?

      Report Post »  
    • UpstateNYConservative
      Posted on April 27, 2011 at 10:03pm

      @jhaydeng
      Posted on April 27, 2011 at 9:22pm

      Bernanke! That’s just a fun word!!! Bernanke! Bernanke! Isn’t there a game called Bernanke?

      _______________

      Why, yes there is! It’s the same as Russian Roulette except you use an auto-loader instead of a revolver.

      Report Post » UpstateNYConservative  
    • thepatriotdave
      Posted on April 28, 2011 at 1:53am

      encinom
      Posted on April 27, 2011 at 4:42pm
      ————————————————–

      LIAR! Glenn has said that we would have inflation by this time this year, but he added… “which may lead to hyper-inflation”. Know the truth before you speak, or else you will forever sound like a complete “Pelosi”. You know, an ‘air-head’.

      Prez Poll Results…
      http://www.AmericasTeaPartyNews.com

      Report Post » thepatriotdave  
    • SgtB
      Posted on April 28, 2011 at 1:57am

      The rate of inflation cannot be that low. the price of gas has gone up almost a third and gold has doubled in the last year. All signs point to 30% in the last year alone people. Why do you think the stocks have rebounded as quickly and fully as they have? The answer is stagflation. I‘m not sure how much more it’ll go though. I’m just crossing my fingers hoping that the fed stops printing and issuing credits for a while so the actual wealth builders can produce the products to back up the funny money.

      Report Post » SgtB  
    • tamalpass
      Posted on April 28, 2011 at 8:29am

      http://conservatives4palin.com/2011/04/new-york-sun-sarah-palin-for-the-fed.html

      “In a speech in Phoenix last November, Governor Palin warned that Obama’s long-discredited Keynesian fiscal policies combined with Ben Bernanke’s ill-conceived efforts to monetize Obama’s debt was causing inflation, particularly in the food and energy sectors. She noted that Bernanke’s plan to print another $600 billion through yet another round of quantitative easing (QE2) would only exacerbate the problem going forward……” > http://conservatives4palin.com/2011/04/new-york-sun-sarah-palin-for-the-fed.html

      Report Post »  
    • the_zazzy
      Posted on April 28, 2011 at 2:39pm

      @ ENCINOM
      Let me break it down real simple for you: If we, who listen to Beck, are wrong about inflation and the direction our country is headed, we will have some extra food, ammunition, gold, etc. If you are wrong and have not taken his advice to prepare, it will be you who starves and is left begging in the street. Which option sounds worse to you? Hmmmmm….

      Report Post » the_zazzy  
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