Glenn Beck

[NYBob]

Bank of America released a report saying the Fed will nearly
double its balance sheet to $5 trillion within the next two
years. (It's currently $2.8 trillion.) ?

The report estimates the Fed will own more than 33% of the
entire mortgage market by 2014. And over the same time frame,
"Fed ownership across the [six- to 30-year] portion of the
Treasury curve is likely to reach about 50% by end of 2013 and
an average of 65% by end of 2014."

The result will be a huge inflation… the likes of which will
push gold to $3,350 an ounce and oil to $190 a barrel, the
bank's analysts project

The Average Consumer Has Been Getting Smashed By Inflation Since Bernanke Took Over The Fed
Posted on September 17, 2012 by News
17-Sep (BusinessInsider) —

In oil markets guru Stephen Schork’s latest report, he takes issue with the Federal Reserve’s recent argument that inflation is going to remain subdued.

It is true that core inflation — all prices excluding food and energy — has not spiked.

But the “wealth effect” that Chairman Ben Bernanke is hoping to create by causing the value of assets like stocks to rise will be outweighed by everyone panicking about their grocery and electricity bills going up.

……in 2006 (Bernanke’s first year at the helm of the Fed) the average weekly earnings (pre-tax) of a worker in the U.S. could purchase 332 loafs of bread, 265 cartons of eggs, 109 gallons of milk, 141 gallons of gasoline and 3,170 KWhs of electricity.

Since then, the cost of these staples has soared, while incomes have barely moved and the value of our homes has declined by one-fifth.

Six years later and average weekly incomes can only buy 250 loafs of bread (-25%), 187 cartons of eggs (-30%), 101 gallons of milk (-7%), 94 gallons of gasoline (-34%) and 2,644 KWhs of electricity (-17%).

[source]

PG View: Yet based on the Fed’s announcement last week of QE3,
clearly what we need is more inflation…

Constitutionally Correct 2012 =
Constitution And The Bill Of Rights =

QE3, It's All Exploding In Front Of Us =

btw. for my memo =
a $billion = only $1000 million = $1,000,000,000.00

a $trillion = only $100 billin = $1,000,000,000,000.00

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79651538

btw.
Obama may think the US People so rich so its better give away
the money ? - like Rothschild/Hitler only gave -
concentration gulag/fema camps to our Brother & Sisters in
Germany, East Europe, USSR etc. -
http://doreenellenbelldotan.info/AdolfRothschildHitler.htm

the money = only for =
the khazarian gypsy monglerz 666 king pin -

the rest of the money = for the bullets =
to rob the rest of the People.

Gold is Safety -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79406331

http://rt.com/news/france-syria-aid-us-550/

http://rt.com/news/china-japan-war-panetta-290/

http://rt.com/news/chinese-ships-breach-japan-naval-border-101/

http://rt.com/news/china-five-generation-lightweight-fighter-378/

http://rt.com/usa/news/

http://www.shtfplan.com/headline-news/what-are-the-milipolice-planning-on-doing-with-these-heavily-armored-vehicles_09122012#comments