2012: The Year The BRIC Comes Crashing Down On Our Heads

Its All Downhill From Here

Have you been to the grocery store lately? I estimate that the cost of food has risen around 15 – 20% in a month or so. This doesn’t affect rich people at all, nor the comfortably numb, much… at least, yet.

But it will affect the 50% of Americans considered poor or in poverty.

The Baby Eaters don’t mind as I have pointed out here. This is just fresh, juicy morsels to them. But as Franz suggests in the comments here, they will eventually feel the same pain. Too bad it will be too late then. The thing that gets me, tho, about these supposedly “smart people” is that they can’t seem to understand how bad things really are. They tout small, ineffectual “offerings” that are meant to appease the masses, then scurry around to blame Cadillac Queens and the rest of us low-lifes and have not the integrity, wherewithal, or sanity to begin to see the lies for what they are… much less see the travesty about to set forth in America. They are too stupid to understand that they are next. Poor, ignorant bastards.

I want to offer the following video by Snordlehans, which is a take-off of a post done by Videorebel, considering information and inflation percentages from Zero Hedge. The synopsis of the Zero Hedge post is that most of us are about to take a scalping. We are about to see a dollar devaluation, one more obvious than what has been occurring right before our eyes, except the MSM won’t talk about it. We are talking about wages going to half of what they are now. That’s bad enough, but when the rest of the world does what China, Russia and other BRIC nations are doing (ridding themselves of the US Dollar and the investments into our debt), what you see now (as hard as it is for most of us) is a piece of cake.

You want to know why I am on this hell-bent directive to address Paul’s rhetoric? because the more I look into the man, the more I see him being the “Savior” that will actually be “The One” to implement the worst of what is coming. Sure, Obama is a murderer and is bad. But what would be worse is a person whose entire life has been one of this ideological Disney Land… a magical kingdom where everyone has a job… corporations are our friend… rich people care for the indigent and poor…. and there is no sickness… no poor… and everyone is healthy, wealthy and wise.

You know: Never Never Land.

It’s not like this wasn’t seen by some of us. It has been going on in open secrets for a while. I have written about it many times.

Prepare for what you are experiencing right now… but on steroids.

Extremely high costs for the essentials. Food, power, housing… EVERYTHING.

If you are poor (like me or worse, for I am in some of the better shape than most people I know, but I hold no illusions of grandeur that I am immune to the obvious), plan the best you can for the food prices.

And by the way, this IS all orchestrated. Ben Bernanke was clear about what would take place and how. He laid it all out in a Nov 21, 2002 speech at the National Economists Club. He was clear about the road they would take. To understand what he was saying, you must understand that when the Fed buys Treasury Bills, it is monetizing the debt. He breaks it down into 5 points to “make sure deflation doesn’t happen”:

1. Lower interest rates to near zero (check)
2. Buy Securities to expand Federal balance sheet (check)
3. Increase money supply (check)
4. Buy foreign and domestic government debt (check)
5. Devalue the Dollar (Next)

The man told us what he was going to do and they have done it. This is all planned. They are destroying the dollar and your lives along with it. But now you have others than a dumb ole redneck telling you.

You know what their plan is. So, what are you going to do about it?

The Heretic presents The Visionary Horse 237 from Video Rebel’s Blog with: “Translating Zero Hedge: Your Wages Will Be Cut In Half” at; http://vidrebel.wordpress.com/2012/01/19/translating-zero-hedge-your-wages-wi…

Yesterday Zero Hedge ran a story that most people will never see or really understand. Zero Hedge reported that the Russians have sold off half of their US Treasury bonds over the past year. China has been dumping their dollar holdings too but still have over a trillion dollars left. Other foreigners have been dumping their dollars too. The current US inflation rate is 12%. Ben Bernanke has been creating trillions of dollars to bail out banks in Europe, to buy worthless securities from US banks and to fund the US debt. That will accelerate inflation. Inflation will go from 12% to 15% and then 20% in less than a year. The media will no longer be able to repeat the lie that the inflation rate is only 3 1/2%. Inflation will become an issue in the 2012 races for congress, Senate and the presidency.

Accelerating inflation will force people overseas to dump any dollars they receive for selling Americans food, clothes, electronics, cars, oil and other raw materials as soon the transaction is completed. This phenomenon is called an increase in the velocity of money. It is a sign your economy is transitioning from an inconveniently high rate of inflation to hyperinflation. The US dollar is an international reserve currency which means that if France wants to buy food from Brazil they will likely have to use US dollars to make that transaction. In colonial America the colonists had to earn British pounds or gold to buy something from overseas. Michael Hudson in his book Super Imperialism described how the US was funding its wars by inflating the supply of currency used to settle trade. Since WW II we have been getting real goods like cars and clothes from foreigners in exchange for increasingly worthless paper. When Hudson explained this to the Pentagon, a general said, “Wow. We are ripping people off.”

I would define hyperinflation as beginning at 25% for an international reserve currency like the dollar. That is why when inflation surged in the latter part of the Carter presidency (1979-1980) Chairman of the Federal Reserve Paul Volcker raised interest rates. Home mortgages went to 15 1/2%. Ben Bernanke cannot raise interest rates today. His only option would be to devalue the dollar which is what he said he would do in that now infamous speech he made in Washington DC on 11-21-2002.

That means after the 2012 elections the Russians, the Chinese, Iran, Venezuela plus their clients states and a few other nations can and will force a devaluation of the dollar by refusing to accept Federal Reserve Notes in international trade. If Americans balk, China just has to dump a hundred billion dollars and buy commodities driving the price of food out of the reach of WalMart shoppers. Of course I realize the Chinese will just be doing what the bankers want them to do.

An international conference will be held at which the dollar will be devalued by about 40% as predicted by Bernanke. This will complete that 50% pay cut I have been predicting.

The Chinese will have dumped most of their dollars before the conference so that their economy will not be harmed by a dollar devaluation. If Americans can’t afford to buy Chinese products, China will just sell them to people whose currencies were revalued upwards.

I would suggest you buy storable food, silver coins (not collectibles) and household items that will just increase in cost.

Of course this was all planned long ago by the bankers. I will conclude with this quote from a previous essay:

The Fundamental Fact of Your Existence as a modern man or woman is that the bankers of New York and London want to reduce you to Debt Slavery.

Accept that fact and move on to the solution.

And I also said:

That is their plan for you.

What is your plan for them?

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