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As Dollar Value Plunges, NIA Warns Against Inflation And Recommends Buying Gold

October 13, 2010 by  

As dollar value plunges, NIA warns against inflation and recommends buying goldAfter the Bank of Japan left its interest rates close to zero earlier this week, financial analysts have been expecting monetary easing across major economies, including the United States. 

This has sent the value of the dollar down and prompted the National Inflation Association (NIA) to announce that it may be forced to change its warning of hyperinflation onset from 2014-2015 to as soon as 2012.

"Inflation never creates wealth, but instead misallocates resources that would have [gone] towards productive purposes if the free market was allowed to operate," the organization said in a statement.

Recently, media reports have quoted Federal Reserve officials as saying that the central bank may be willing to start buying U.S. government debt, a move that the Fed believes would lower interest rates and spur economic growth. However, it would also drive the currency lower and boost price inflation.

Given these circumstances, NIA and many financial analysts have been recommending investments in gold as a way to protect assets and wealth from depreciation. In recent months, gold prices have been at their record high levels. 

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  • dan az

    Let me get this straight, the feds printed monopoly money and created this debt and now they want to buy the debt back and add to it more intrest that we all have to pay back?By printing more funny money?Isnt that like paying one credit card with another card? dont they know that they are the credit card?Why dont they just steal it like any other crook would and call it like it is theft!Well I think its time to call in the troops and have these so called genius’s removed in handcuffs and taken out back to the firing squad one by one!And just think they are the cream of the crop!

    • Disgusted

      tenthamendmentcenter.com
      This could be our only hope. Check it out and spread the word! We all need to get behind this movement now before it is too late.

  • s c

    Dan az, this is what central bankers do. They rape and plunder nations. There is one thing that keeps them from being seen as the world’s worst monsters. That is, they work for someone else. They march to the puppet master’s orders.
    That being said, no one puts a gun to their heads. They will be held accountable, but it will take an act of God to do it. For now, the best we can do is help people understand that a central banking system is as deadly as an invading army.
    This is not news, but it is news to many Americans who refuse to admit that America can be a slave to those who put ‘wealth redistribution’ over lives. The Founding Fathers knew what central bankers could do to a country. That is why they said to have nothing to do with central banks. Soon, every American will understand how profound and far-sighted the Founders were.

    • dan az

      sc
      This is like a bad dream that you just cant wake up from.

      • Al Sieber

        dan, keep your powder dry. when the SHTF I don’t think my son can make it here where I live, I told him where you work like you said.

        • dan az

          Hey Al
          Good plan!Your all welcomed!

  • Brad

    The FED is driving this nation into no mans land and in no uncertain terms, we will turn into the largest third world nation.

    Found this piece on the internet and felt it prudent to pass on;

    Gotta love how all the democrats are taking swipes at the republicans. Almost makes me fell like I’m reading the Washington Post.

    To set the reord straight:
    The day the democrats took over was not January 22nd 2009 it was
    actually January 3rd 2007 the day the Democrats took over the House of
    Representatives and the Senate, the start of the 110th Congress. The
    Democratic Party controlled a majority in both chambers for the first
    time since the end of the 103rd Congress in 1995. For those who are listening to the liberals propagating the fallacy that everything is “Bush’s Fault”, think about this:
    January 3rd, 2007 was the day the Democrats took over the Senate and
    the Congress:
    At the time:
    The DOW Jones closed at 12,621.77
    The GDP for the previous quarter was 3.5%
    The Unemployment rate was 4.6%
    George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of
    JOB CREATION!
    Remember the day…
    January 3rd, 2007 was the day that Barney Frank took over the House
    Financial Services Committee and Chris Dodd took over the Senate
    Banking Committee.
    The economic meltdown that happened 15 months later was in what part
    of the economy?
    BANKING AND FINANCIAL SERVICES!!!
    THANK YOU DEMOCRATS for taking us from 13,000 DOW, 3.5 GDP and 4.6%
    Unemployment… to this CRISIS by (among MANY other things) dumping
    5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie
    Mae and Freddie Mac FIASCOS! (BTW: Bush asked Congress 17 TIMES to
    stop Fannie & Freddie – starting in 2001 because it was financially
    risky for the US economy).
    And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac????
    OBAMA
    And who fought against reform of Fannie and Freddie???
    OBAMA and the Democratic Congress
    So when some one tries to blame Bush…
    REMEMBER JANUARY 3rd, 2007…. THE DAY THE DEMOCRATS TOOK OVER!” Bush
    may have been in the car but the Democrats were in charge of the gas
    pedal and steering wheel they were driving.
    Set the record straight on Bush!
    “It’s not that liberals aren’t smart, it’s just that so much of what

  • http://com i41

    When the trained brained “experts” advise the citizens to do something right now, step back and check bigger picture. I wouldn’t trust Onumnutts and the Wall Street scammers to be setting up a ponzi scheme that will definitely screw a lot more people, remember the DOT com bubble of Whorehound Willie, the Freedie and Fannie real estate bubble, the stock market bubbles, latest stimulas bubble, and possible the gold bubble. It happens all in the beltway buddy/Wall Street warren, remember the swinging beef ponzi mess where Hillary made a $100,000 on a $1000 investment in less than 9 months, with inside advise, or may be Hillary had a little inside trading side line, we didn’t know about, or is it inside dealings? I have seen several bubbles that have screwed the people who trade on the Wall Street trading on almost all of the commodities. since the late 60′s. Oil would do the same plunge if drilling was mentioned as going to warp speed.

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