It took nearly 2 years of constant campaigning, but finally one of the men set to be President in 2013 said the words we’ve been waiting to hear.
We’ve been watching Mitt Romney and Barack Obama closely to see if either has a clue about the coming crisis. Or if they do, the courage to speak about it.
But so far, not one has mentioned the $1.5 trillion dollars waiting on hold at the Federal Banks, just waiting for the right moment to flood the economy with inflation.
Not one has suggested lowering the debt; not even with an empty campaign promise. They only promise to lower the deficit, in other words, the speed at which we grow more debt.
Not one has mentioned how we’ll manage to pay the interest on $16.2 trillion in debt when interest rates rise.
And from where we see it, the only option America will soon have is to honestly default on our debts and restructure them or continue to manipulate our currency by printing more money to pay our debt.
We’d like to know which option the candidates would prefer, but for so long they were silent on money printing and currency manipulation.
And Then it Finally Happened
Someone mentioned currency manipulation. It was Mitt Romney, and he said
China has been a currency manipulator for years and years and years. And the president has a regular opportunity to label them as a currency manipulator, but refuses to do so.
On day one, I will label China a currency manipulator, which will allow me as president to be able to put in place, if necessary, tariffs where I believe that they are taking unfair advantage of our manufacturers.
Mitt Romney
Wait. Someone finally mentions currency manipulation and we point the finger at China?
Wow. Let’s take a look
Mitt Romney is suggesting China is a currency manipulator. Their crime is printing money to intentionally devalue the Yuan. In theory, this will make their exports cheaper and attractive to nations like the United States.
And that’s true. They did this for decades. BUT, this mostly stopped in 2005 when China depegged their currency from the dollar. Since then, the Yuan has been steadily growing in value.
In fact, in the last 7 years the Yuan has gone up in value 23% in dollars.
And on the EXACT DAY that Mitt Romney said these words, the Yuan set an opening record high versus the dollar.
So we have Mitt trying to protect us from China weakening the Yuan (when it’s actually getting stronger). And yet
Who’s Going To Defend Us Against the Weakening Dollar?
And why isn’t either candidate standing up against the currency manipulation of the Federal Reserve?
Since China has depegged their currency from the dollar, our Federal Reserve has had the printing machines cranking at full gear TRIPLING the base money supply in just a few years.
And it was AFTER this happened that Mitt Romney said, “I think (Ben Bernanke) is doing as good a job as he thinks he can do.” And, “But look, I’m not going to spend my time going after Ben Bernanke. I’m not going to take my time and focus on the Federal Reserve.”
Yes, we can tell, Governor Romney.
And neither is President Obama, who reappointed Ben Bernanke even after all the money printing skyrocketed.
Find a Lifeboat, and Get In
That $1.5 trillion dollars is anxiously waiting to flood the markets, and the dam could break at any time. When it does, through “Fractional Reserve Banking” that $1.5 trillion could turn into $10-$15 trillion in no time.
That’ll send inflation through the roof and interest rates to the moon.
The only way to survive rising rates and prices is to find a lifeboat and jump in.
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