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Hedge Fund Manager Bill Fleckenstein: Fed Money Printing to Cover Bank Theft Is Leading to Food Inflation Worldwide

Posted By admin On February 6, 2011 @ 7:02 am In Money Watch | Comments Disabled

Washington’s Blog
Feb 6, 2011

Dylan Ratigan says that the Fed is printing money to cover enormous theft by the big banks [1], and that money printing is leading to food inflation [2] worldwide. (Bad weather and speculation on commodities are obviously also contributing to rising food prices).

Bill Fleckenstein largely agrees, telling Ratigan:

  • Money printing correlates quite well to rise in commodity prices, but not precisely
  • When you “print money out of thin air”, you don’t know where it will go
  • Printing money turns the average person into a speculator (think Chinese farmers buying copper)
  • 80% of money in countries like Egypt goes to buying food (and that’s for the lucky ones who have jobs)
  • 40% of political donations in the U.S. comes from giant banks … so the banks own Washington
  • The Fed won’t ever face it’s mistakes, and always just wants to print more money

Stock up with Fresh Food that lasts with eFoodsDirect (AD) [3]

Stock up with Fresh Food that lasts with eFoodsDirect (AD)

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URL to article: http://www.prisonplanet.com/hedge-fund-manager-bill-fleckenstein-fed-money-printing-to-cover-bank-theft-is-leading-to-food-inflation-worldwide.html

URLs in this post:

[1] theft by the big banks: http://www.washingtonsblog.com/2010/11/its-not-great-recssion-its-great-bank.html

[2] money printing is leading to food inflation: http://www.washingtonsblog.com/2011/01/quantitative-easing-is-causing-food.html

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] The Head Of The World’s Biggest Hedge Fund Sees “Economic Collapse” Due To Money Printing By Early 2013: http://www.prisonplanet.com/the-head-of-the-worlds-biggest-hedge-fund-sees-economic-collapse-due-to-money-printing-by-early-2013.html

[5] Second Leg of Crisis Beginning: Hedge Fund Manager: http://www.prisonplanet.com/second-leg-of-crisis-beginning-hedge-fund-manager.html

[6] Hedge fund managers pour assets into farmland as doomsday food scenario approaches: http://www.prisonplanet.com/hedge-fund-managers-pour-assets-into-farmland-as-doomsday-food-scenario-approaches.html

[7] Ratigan And Fleckenstein Explain The Fed’s Role In Recent Food Price Ignited Revolutions: http://www.prisonplanet.com/ratigan-and-fleckenstein-explain-the-feds-role-in-recent-food-price-ignited-revolutions.html

[8] NIA Warns Of Food Crisis, “Societal Collapse” In Response To Fed Money Printing: http://www.prisonplanet.com/nia-warns-of-food-crisis-societal-collapse-in-response-to-fed-money-printing.html

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