-- Posted Friday, 6 May 2011 | | Source: GoldSeek.com
By R. D. Bradshaw
The inflation versus deflation arguments rage on in the financial news sector. The Goldsmiths XXVII (published in Oct 2008) and LXXIII (published on Apr 23, 2009) discussed the arguments in detail. This Goldsmiths will continue the discussion but highlight the fact that the position of this writer has not changed on the question since the Goldsmiths started in Aug 2008. Of course, many analysts have vacillated around on the issue, back and forth, but not the Goldsmiths.
The short of it is that we will ultimately have hyperinflation and the Goldsmiths made this prediction in Sep 2008 (in the Goldsmiths X and XX, both published that month). But in the intervening time, we may have some evidence of both—not all at once but in alternating time periods. Actually, we have had little or virtually nothing in the way of deflation (except somewhat briefly in the fall of 2008 when the Cabal crashed the markets) as it has been inflation almost all the way since Aug 2008. As called long ago in the Forecast on the Economy (published in 2009) and in the Goldsmiths CXIII (published on Nov 20, 2009), we are now in a deflationary depression and have been that way since early 2009. The Goldsmiths articles have been consistent on this fact.
Revisit to the Goldsmiths XXVII of Oct 2008
The Goldsmiths 27 in Oct 2008 put the problem in this context: “The Goldsmiths have argued from Part I that the plutocrat market manipulators are in total charge of the financial markets in the US, Britain and much of the rest of the world. In their work to control the markets, they are right now trying to bring about a controlled deflationary fall/collapse/recession. As explained in Goldsmiths X, XII, XX, XXI, and others, they have focused their attacks on home mortgages, real estate values and commodities.
“Presently, they have a move on to take gold down to $700, silver down to $9, wheat down to $5, corn down to $3, soybeans down to $8, oil down to $50 and everything else in grains, softs and energy all likewise down. But while they have engineered these falls in prices, they have not really done much on the overall inflation reality.
“After all, oil may be down some 60%, but the price of gas at the pump is only down some 25%. It means the oil companies are still raking in the money. Wheat is down some two-thirds from its 2008 high. But bread prices are not down (and aren’t particularly affected because the cost of the wheat in a loaf of bread is inconsequential, as outlined in Goldsmiths Part XV).
“Actually, it is all academic to try to talk about inflation because the manipulators control the official US inflation statistics and the controlled media which periodically reports them. As we know, they have for years been telling us that there is no inflation problem in the US. The latest is that inflation is now flat. Of course this is the exact propaganda needed for the manipulators to lower interest rates and increase US and Fed spending programs and give-aways to the sky (as detailed in Goldsmiths X and XVIII). Conversely, this writer has also outlined the prospects of an inflationary bust in Goldsmiths X, XX, etc…”
Goldsmiths 27 went on to quote from the work of John Olaques on “The Real Reason Behind the Bail Out in the Oct 21, 2008 www.Goldseek.com page. The Olaques article made the case that though US spending was up and would continue to be up the increased spending may not reach the people to cause inflation or at least not much inflation (at least in the immediate context). The purpose of this spending was to enrich the big banks and not to do the people or the economy any good. I agreed with Olaques in the then context and as it worked out for the next two plus years. But in the Goldsmiths I have made the case that there were other factors involved which would ultimately bring on hyperinflation.
A Revisit to the Goldsmiths LXXIII published on Apr 23, 2009
In the Goldsmiths 73, I wrote: “In the past year, the Goldsmiths have broached the possibilities of deflation in at least four presentations (parts 27, 47, 54 and 56) in the context that the present economic deflation pressures are coming precisely from the plutocratic ruling Rothschild Cabal. But ultimately, the Goldsmiths have allowed that the eventual threat will devolve to a hyperinflationary blow off.
“In support of a total deflationary collapse, there have been several scholarly and perceptive articles by different writers. In the Goldsmiths (Parts XXVII and XXXXVII), I have discussed the excellent work of John Olaques on how the banks receiving the bail-out funds are simply not loaning those funds out to the public to cause inflation. As I noted, these banks are socking the bail-out receipts into US treasuries to hold in their vaults. This process is adding to the deflationary threat.
“Then there is the very pessimistic work of the Market Ticker in the Goldsmiths, Parts LIV and LVI. This source builds a powerful argument for a total deflationary collapse within a year. If this thing strikes in 2009, as predicted by the Market Ticker, it will be devastating for America and much of the rest of the world.
“Finally, I must mention the very scholarly work of Professor Antal E. Fekete of the San Francisco School of Economics. He has written some great articles on the subject of inflation versus deflation as published by goldseek.com.
“In his very informative and provocative study on the Quantity Theory of Money, Professor Fekete addresses the work of Chicago economist Melchior Palyi and the marginal productivity of debt (the ratio of additional GDP to additional debt—thus the amount of new GDP contributed by the creation of new debt). He then notes that presently the volume of outstanding debt is rising faster than GDP (actually since 2006, the marginal productivity of debt dropped below zero for the first time since 1945). His conclusion is that the more debt adds nothing to GDP, but causes economic contraction. Fekete then posits that the present situation is a sign of an imminent economic catastrophe.
“I mention the above three studies supporting a deflationary collapse because if any of them or all three of them are correct then a deflationary collapse will soon come and regardless of how much money Washington spends and irrespective of how much the US monetary base is increased by the Fed…”
I then switched to discuss the contrary view on a coming hyperinflationary blow off and said: “For my part, I too have believed the hyperinflationary threat but I have chosen to follow the thinking of John Olaques, in the Goldsmiths 27 and 47; in that the hyperinflationary blow off is being delay(ed) thru the present work of the money changers to deflate things and in the practice of the big banks to sock the expanding US money supply into bonds and notes for holding without allowing these expansions to chase goods and services in the US economy (thus, it is clear why this increase in debt is not causing any increase in GDP).
“Hence, my take has been that though there is presently a deflationary push on by the money changers, it is not succeeding in doing much beyond slowing down the rate of inflation. In this sense, the pending hyperinflationary blow off is being delayed, stalled or deferred till later. In other words, hyperinflation is on the way; but the efforts of the money changers are such at present to delay the eventual reality of hyperinflation. Thus, it’s coming but the timing is later.
“For purposes of this Goldsmiths study, I must stick with my prevailing position on this question which is that ultimately hyperinflation will be the catalyst to destroy the economy of the US and much of the rest of the world…
“I see no reason to totally change my basic position on this question presently. But the very excellent works of the Market Ticker and Professor Fekete, in the context of my own remarks at the Goldsmiths, parts XXVII and XXXXVII, prompt me to now read a little more caution into the question of when on the coming hyperinflationary blow out...
“In the Goldsmiths, part 47, I outlined the basic problem. The big banks are getting this increase in the money supply and socking it away in their acquisitions and holdings of US bonds, notes and paper. They are simply not spending it to cause inflation. Simultaneously, unemployed and needing people are using credit cards to live on. This means that Americans are incurring more debts which precipitate high usury interest rates of 10 to 20% per annum.
“When one adds the credit card debt load to the already existing payments demanded from most of us for mortgages, car payments, etc, it means that we have a huge debt service load. This process is demanding that most of us use much of our income to continuously service this debt load. In this system, the big banks are the total winners as almost all of the people become heavily indebted to the bankers.”
The short of it back then (which is still true today) is that the Rothschild Cabal is getting most of this federal spending and it is not reaching the people. The banks have been refusing to make loans which intensify the deflationary pressures on the economy. Thus, the Cabal masters and their owned/controlled banks are placing their emphasis and attention on making deflation the story of America. But as I noted in 2009, this is not working because inflation continues despite the huge push for deflation.
The Current Situation
In the news at www.analysis-news.com of Feb 14, 2010, I outlined the current situation of a developing world of a few people called the haves versus the rest of us called the have nots (this was also covered in the Goldsmiths CXXXV). The haves (mainly the cousins and relatives of the Rothschild Cabal masters) are moving to have it all while the rest of us are destined to end up with nothing. Since then, I have repeated this paradox and even other analysts have also picked upon my words and repeated them.
This is still the situation today in the spring of 2011. And to further this motion underway and intensify it, we see more efforts by the federal government. The US government since Franklin Rosenfeldt in 1933 has been on an inflation promotion binge. But this is now somewhat changing clearly in 2011. The prostitute politicians (under Rothschild Cabal direction) are clamping down on any and all benefits going to the people. There is still big federal spending but for months now it has been essentially going to the Rothschild Cabal and their cousins and relatives working for Washington or one of the big Cabal owned corporations.
Both political parties are now leaning to budgetary restraint in social programs to the people. There is much talk about cutting social security, and other programs going to the people (most of these involve deficit spending which can be inflationary). The only exceptions on cutbacks are those programs directly benefiting the Rothschild Cabal of master thieves. All payoffs to the banks are continuing; foreign aid give-aways to benefit the Cabal manipulators are still running full blast; and by all means, military spending to support the Rothschild Cabal wars for profit are also still full speed ahead.
So it’s a mix—some inflation and some deflation. But the politicians are always running for their next term so they want some programs to go to the people. Thus, we have had some continuing unemployment benefits. But the die is cast that those days will soon come to an end. The only pay-outs guaranteed right now are those benefiting the big Rothschild Cabal masters and their owned banks and financial institutions.
So while the privately owned Fed keeps interest down for the big banks (to near zero percent), the big banks have dried up making loans to the people (which is deflationary). And while Washington is still rolling out the big bucks for the Rothschild Cabal masters and their inside linked cousins and relatives, the push is still on for Washington to cut as much as possible of benefits going to the people (this has to be deflationary). Thus, while there are inflationary practices still going on (and the pressure is great for inflation), there are also huge efforts by the privately owned Federal Reserve Banking system and the Federal government to impose deflation on the people.
The Bottom Line
Clearly, the directing Rothschild Cabal masters want and are trying to force deflation on us. The plutocrats like the Rothschilds, Roggenfelders, Warburgs, Oppenheimers, Lazards, Bronfmans, Agius (of Britain’s Barclay Bank; the mother was a Rothschild), Lamberts (of Belgium’s Banque Lambert; the mother was a Rothschild), etc all want deflation and are trying their best to impose it on not only Americans but others around the world. The reason for this push is clear enough. They are fighting tooth and nail to try to save their fiat currencies around the world which they use to promote wars and give-aways to benefit their clandestine and evil purposes of profits and world rule.
Yes, profits and world government are still their goals as defined by them some 250 years ago with the words of old man Mayer Amschel Rothschild to his cousin bankers (on this, see Understanding Money and War XIV at www.Analysis-News.com). On this, my take is that they will succeed (here, see Understanding Money and War XV at www.Analysis-News.com). It is clear that we will soon have world government under the control of this very evil Cabal of master snakes.
Yet, my take is that their push for deflation will fail with their presently used currencies and provisions. It is too bad for us but when old man Rothschild mapped out his plans for world rule he specified that he would control and use the power of the mainstream media to persuade the dumb idiots in dummy land that his goals are good for man. With control of the media, the groundwork is now in progress to create a new monetary system to replace the one expiring. But it is too bad for us (the suckers in wonder land) because the Rothschild Cabal of serpents will control the new system just like they have controlled the old failing one.
The Latest Rothschild-Soros Move
Rothschild cousin George Soros has already conducted a Bretton Woods II conference in April 2011 to lay out the groundwork for the new system. So it is on the way and we may see it late this year or early next year. The Goldsmiths LXXV (of Apr 23, 2009), LXXVI (of Apr 30, 2010), CLIII (of Aug 5, 2010), and CLXXXII (of Dec 16, 2010) have all discussed this coming new agreement in some detail and offered some possibilities on its shape. But there is a big question mark facing the Rothschild Cabal master serpents as they manipulate things for profit and world rule. The question is can they get their new system implemented before the old one crashes with hyperinflation?
But we must remember that this team of vipers operates with two great advantages. It owns/controls the puppet governments involved and it owns/controls the mainstream media. With its control of governments, it can have its puppets tell the dummies in wonder land that there is little or no inflation all the while the people are faced with hyperinflation. With this backdrop, their controlled media powers will publicize and convince the suckers in wonder land that it is the truth. We can be sure that they will never tell us the truth on this issue.
So we could be faced with 100% or even 1000% inflation and they would tell us it is transitory (to use the latest Bernanke pitch) or it is at only a very small percentage (like 2 to 10%). Thus, they will never tell the suckers in wonder land the truth. Instead, they will continue the lies about transitory and little or no inflation all the while we the public could be facing hyperinflation. We must remember that we are dealing with master liars and crooks.
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Back issues of the Goldsmiths, by the editor of the Analysis of News, can be accessed from a Google or Yahoo search engine by typing in “R. D. Bradshaw” Goldsmiths. Several hundred web sites can be found with the back issues and with translations to Spanish, Italian, German, Dutch, Polish, Chinese, Japanese, Indonesian, Serbian, and other foreign languages. Finally, the “Archives-Goldsmiths” of this website (www.analysis-news.com ) has all of the Goldsmith articles issued to date.
Besides the revelations contained in the Goldsmiths’ articles, the work of the plutocratic financial market manipulators to conspiratorially manipulate and control the financial markets (to make more profits and install a world government under their management) is also addressed at length in the periodic analysis of the news and in other articles produced at www.analysis-news.com. This website has an article of interest to any person interested in understanding the market Manipulators. It is the Hidden Secret of the Manipulators, why they succeed and how to follow their manipulations.
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-- Posted Friday, 6 May 2011 | Digg This Article
| Source: GoldSeek.com
