National Inflation Association
July 14, 2010
The National Inflation Association today issued a warning to all Americans that empty store shelves will likely be coming to America as a result of government price controls during the upcoming hyperinflationary crisis. This morning, NIA released a video preview of what hyperinflation will look like in the U.S. This extremely important must see video is now available on NIA’s video page.
NIA’s six-minute video released today goes into detail about an event that took place just outside of Boston, Massachusetts in May of this year. This story was widely ignored by the nationwide mainstream media, but NIA believes it was one of the most important news events of the first half of 2010. Although this particular crisis in Boston was due to decaying infrastructure, NIA believes a currency crisis will lead to the same type of panic on a nationwide basis.
NIA hopes that this video serves as a wake-up call for Americans to take the necessary steps to prepare for hyperinflation and become educated about the U.S. economy. In Zimbabwe during hyperinflation, Zimbabweans were forced to transact in gold and silver. It’s only a matter of time before the U.S. dollar becomes worthless and the only Americans with wealth will be those who own gold and silver.
Citizens of Boston were able to survive their recent crisis with the help of the National Guard, but the National Guard won’t be there for Americans during hyperinflation. 40.2 million Americans are currently living off of food stamps, but food stamps won’t have any purchasing power during hyperinflation. The United States’ day of reckoning is ahead. We cannot go on living with record budget deficits and accelerating national debt growth forever.
Just yesterday it was announced that for the first time ever, a major credit ratings agency has given China a higher credit rating than the U.S. While most credit ratings agencies including Moody’s, Standard & Poor’s and Fitch Ratings still rate U.S. debt as AAA, NIA believes the real credit rating of the U.S. should be junk. The only way one could possibly justify a U.S. credit rating of AAA is by taking into account the Federal Reserve’s ability to monetize our debt through inflation. However, printing money to pay off debt is a lot worse than defaulting on it. Inflation is very deceptive, it destroys the value of savings while transferring wealth from the poor and middle class to the rich.
The U.S. has a budget deficit just from Social Security, Medicare and Medicaid alone. NIA urges President Obama to implement dramatic cuts to these entitlement programs immediately, while simultaneously reducing the size of government across the board. Time is growing short for Obama to rein in government spending. The longer Obama waits to reverse course, the harder it will be for the U.S. to recover from the calamity that is about to unfold.
Please forward this message to everybody you know. It is essential to the well-being of all your family members and friends that they watch our new video entitled “Empty Store Shelves Coming to America” by going to: http://inflation.us/videos.html
This article was posted: Wednesday, July 14, 2010 at 3:51 am