Monday, March 5, 2012

State of American Economy---plus Bernanke's role

Dear Newsmax Reader,

As I observe the destitute state of the American economy and its bleak prospects for the future, I’m reminded of a famous quote which originated 147 years ago:

“The greatest trick the devil ever pulled
was convincing the world he didn’t exist.”

With frightening precision, this summarizes President Barack Obama and Federal Reserve Chairman Ben Bernanke’s assessment of the inflation crisis that is threatening to tear apart the very fabric of our economy and country.

They don’t want you to believe in the risks or even presence of an economic devil such as inflation. 

They’ve gone to great lengths to promote a message that we have nothing to worry about. But a simple trip to the grocery store, gas station, or mall will tell you otherwise.

Food prices have risen every month since June of 2010 and 57% in the first two years of President Obama’s term in office.
Gas prices are up 34% during that same time period.
And cotton has hit a 150-year high, as the price of this essential clothing commodity has soared 210% since the 2009 inauguration.
In the first two years of their joint reign, Obama and Bernanke have waged a hidden inflation war on the middle class that has fleeced more wealth from folks on Main Street than the previous 20 years combined.

These two men, along with their cohorts in D.C. and at the Fed, have set America on a road to financial perdition. A path of economic ruin that jeopardizes your ability to live a life of freedom and prosperity.

But Helicopter Ben Was Up to This Mischief Even
Before President Obama Was Sworn In.

In just his first four years in office, Bernanke has been the captain of a reckless and out-of-control money printing press that has drowned America in more “new cash” than was created during the entire 26-year period from 1959-1985.

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