The Beginning Of The End
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5 New Lies That The Federal Reserve Is Telling The American People

The Federal Reserve says that everything is going to be okay.  The Fed says that unemployment is going to go down, inflation is going to remain low and economic growth is going to steadily increase.  Do you believe them this time?  As you will see later in this article, Federal Reserve Chairman Ben Bernanke has been dead wrong about the economy over and over again.  But the mainstream media and many Americans still seem to have a lot of faith in the Federal Reserve.  It doesn’t seem to matter that Bernanke and other Fed officials have been telling the American people lies for years.  As I always say, most people believe what they want to believe, and many people seem to want to have blind faith in the Federal Reserve even when logic and reason would dictate otherwise.  The truth is that things are not going to be getting much better than they are right now.  When the next wave of the financial crisis hits, the U.S. economy is going to fall back into recession, financial markets are going to crash and unemployment is going to absolutely skyrocket.  But you will never hear any of that from the Federal Reserve.

The following are 5 new lies that the Federal Reserve is telling the American people.  After each lie I have posted what The Economic Collapse Blog thinks is actually going to happen….

#1 The Federal Reserve says that the labor market has improved and that unemployment is going to decline significantly over the next few years.

The following is a quote from the FOMC press release that was released on Wednesday….

Labor market conditions have improved in recent months; the unemployment rate has declined but remains elevated.

The Federal Reserve is projecting that the unemployment rate will fall within the range of 7.8 percent and 8.0 percent by the end of 2012.

The Federal Reserve is also projecting that the unemployment rate will fall within the range of 6.7 percent and 7.4 percent by the end of 2014.

The Economic Collapse Blog says that the labor market has not improved.  In March 2010, 58.5 percent of all working age Americans had a job.  Exactly two years later in March 2012, 58.5 percent of all working age Americans had a job.  If the labor market was improving, the percentage of working age Americans with a job should have gone up.

The Economic Collapse Blog also says that while there is a chance the official unemployment rate may go down slightly in the short-term, the truth is that it is going to go up into double digits once the next wave of the financial crisis hits us.

#2 The Federal Reserve says that that U.S. economy is going to experience solid GDP growth over the next couple of years.

In fact, the Federal Reserve is projecting that U.S. GDP will be rising at an annual rate that falls between 3.1 percent and 3.6 percent by the end of 2014.

The Economic Collapse Blog says that a great economic cataclysm is coming….

“When the European banking system crashes (and it will) it is going to reverberate around the globe.  The epicenter of the next great financial crisis is going to be in Europe, and it is getting closer with each passing day.”

#3 The Federal Reserve says that we can expect low inflation for an extended period of time.

The Federal Reserve is officially projecting that the annual rate of inflation will not be higher than 2.0 percent by the end of 2012.  Federal Reserve Chairman Ben Bernanke reinforced this projection during his press conference on Wednesday….

“But we expect that to pass through the system, and assuming no new shocks in the oil sector, inflation ought to moderate to about 2 percent later this year.”

The Economic Collapse Blog says that the Fed is being tremendously dishonest and that if inflation was measured the exact same way that it was measured back in 1980, the annual rate of inflation would be more than 10 percent right now.

The truth is that most middle class families know that we do not have low inflation right now.  This is hammered home millions of times a day when average Americans visit the gas station or the grocery store.

At the beginning of the next recession inflation will likely subside, but that will only be because economic activity will be slowing down dramatically.

#4 The Federal Reserve says that it has built up a 30 year reputation for keeping inflation low.

Ben Bernanke actually had the gall to make the following claim during his press conference on Wednesday….

“We, the Federal Reserve, have spent 30 years building up credibility for low and stable inflation, which has proved extremely valuable in that we’ve been able to take strong accommodative actions in the last four, five years to support the economy.”

Oh really?

The Economic Collapse Blog says that the Federal Reserve has nearly a 100 year reputation for destroying the value of the U.S. dollar.  Even using the Fed’s doctored numbers, the value of the U.S. dollar has declined by more than 95 percent since 1913.

To get a really good idea of just how much the dollar has been destroyed by the Fed over the years, just check out this chart.

#5 Federal Reserve Chairman Ben Bernanke says that we should trust him because the Federal Reserve stands ready to do whatever is necessary to support the U.S. economy.

“If appropriate… we remain entirely prepared to take additional action”

The Economic Collapse Blog says that Federal Reserve Chairman Ben Bernanke is doing a great disservice by not warning the American people about the tremendous crisis that is coming.  In a recent article I stated that this next crisis will blindside most Americans just like the last one did….

“Sadly, just like back in 2008, most people will never even see this next crisis coming.”

So who should you trust – the Federal Reserve or all of the half-crazed bloggers out there that are warning about the “serious doom” that is coming.

Well, come back to this article in a year or two and compare how accurate the predictions were.

In the end, time will tell who is telling lies and who is not.

If we do not learn from history, we are doomed to repeat it.

For example, let’s take a quick look at Ben Bernanke’s track record over the past several years.

The following are statements that Bernanke actually made to the public….

#1 (July, 2005) “We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”

#2 (October 20, 2005) “House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.”

#3 (November 15, 2005) “With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.”

#4 (February 15, 2006) “Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.”

#5 (February 15, 2007) “Despite the ongoing adjustments in the housing sector, overall economic prospects for households remain good. Household finances appear generally solid, and delinquency rates on most types of consumer loans and residential mortgages remain low.”

#6 (March 28, 2007) “At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”

#7 (May 17, 2007) “All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.  The vast majority of mortgages, including even subprime mortgages, continue to perform well.  Past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs and incomes should help keep the financial obligations of most households manageable.”

#8 (January 10, 2008) “The Federal Reserve is not currently forecasting a recession.”

#9 (June 10, 2008) “The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.”

But don’t worry, Ben Bernanke insists that he knows exactly what is going on this time.

So do you believe him?

A lot of Americans don’t.  In fact, an “economic collapse” is the number one catastrophic event that Americans worry about according to one recent survey.

Perhaps that is one reason why so many Americans are preparing for doomsday these days.

The central planners over at the Federal Reserve are not going to solve our economic problems.

The truth is that the Fed is at the very heart of our economic problems.

We have been living in the greatest debt bubble in the history of the world and that debt bubble has been facilitated by the Fed.

Over the past three decades, the total amount of debt in America has increased by about 50 trillion dollars.  By stealing from future generations, we have been able to live like kings and queens, but there is going to be a great price to pay for our foolishness.

Ben Bernanke and the other folks running the Federal Reserve are just going to keep insisting that everything is going to be okay for as long as they possibly can.  They are going to tell you that they know exactly how to fix things and that the economy will be back on track very soon.

Don’t be stupid and believe them this time.

  • Old Man

    Write to your Congressman or Senator and ask them to pass a law that:

    1) Prohibit the Federal Reserve to issue any public statement on the economy or economics.

    2) Prohibit the Federal Reserve to issue money or to charge an interest.

    There. So many things will be fixed, just like that.

  • Andrew

    You forgot to mention why the shadow Government takes 1.2 trillion dollars from our taxes just so they could build underground cities and not tell us anything about the aliens and stuff they’re building. Oh wait will probably not believe it.

    40,000 years ago we had everything we have today.

  • http://aol divine miss m

    Listen up folks!!!! All of you who want to feed the world and give everyone health care: WE CAN’T AFFORD IT!!! What is there about a multi-trillion dollar debt that you don’t understand?

  • Bud Crane

    You missed a major lie. The bailout of $700 Billion dollars that everyone knows about was actually a secret 16 TRILLION dollars bailout! Google Federal Reserve Audit for verification. People need to know this stuff. (It’s always sugar coated when it comes to the money mobsters.)

  • hwt123

    Ron Paul has always been right …End the scam…
    End the Fed…watch this video and see for yourself..

  • Graham

    Mr. Bernokio and his loyal associates will be well aware of what’s coming. I expect their “suntans” will begin to get a “free boost” starting in May. The heat thereafter is likely to remain high and their supply of ice is unlikely to chill things down!

    Will the nut finally be cracked open for all to devour by proceedings that have already begun in Europe? Remain optimistic, as negativity can only go so far prior to the tides turning. High tide will be very interesting. We do not need bloodlines to lead us into an abyss. They can however be helped in getting their themselves. Think outside the box. That’s not the one “they” pedal, where the majority end up contemplating on how to decorate it.

    Awaken to the rules of “divide and conquer” and realise it only produces camps. Far too many are so quick off their mark to live in one without ever realising that the very same “people” have absolute control over both! The fighting that results provides the perfect distraction to things that require far closer attention.

    Tip:- Jonathan Livingston Seagull is a very meaningful book!

    [Short “sermon” today Michael

  • mondobeyondo

    My friends, World Peace is here!

    It is in the form of a man, and his name is Metta World Peace (formerly known as the basketball player Ron Artest). He plays the position of forward for the Los Angeles Lakers. Hope and Change at long last! At least for the NBA. Don’t know about everyone else.

    Just don’t get in his way though. World Peace is a very volatile situation, I mean human being. He can easily turn into Metta World War III.

    • Michael

      If only finding world peace was so easy, eh?


  • mondobeyondo

    Joke du jour:

    If you want the truth, get it from the horse’s mouth. Don’t listen to a jackass. They always lie.

  • Blingo88

    Where can Americans get REAL & ACCURATE FINANCIAL and ECONOMIC DATA??

    What is the REAL inflation in energy costs? I want to see a GRAPH of Fuel proces since 1975. What is the REAL INFLATION of food? I want to see graphs of every food item since 1975! How much did eggs cost over the past 40 Years? How much has the price of Bread risen??


  • Washington

    Russia Is Sending Troops To The US To Learn American Military Tactics Eloise Lee | Apr. 25, 2012

  • Washington

    As Obama Expands Drone War, Activists Victims’ Advocates Join D.C. Summit on Growing Civilian Toll

  • OldFart

    Nice picture of Bernanke. He is actually kinda hot, I noticed…

  • Washington

    Ron Paul Rally in Austin, Texas April 26, 2012

    “Liberty, when it begins to take root, is a plant of rapid growth.” George Washington

  • Washington

    Sunday, April 29, 2012 U.S. riots (Video) and Greek suicides!

  • Tom Lowe

    “… we have been able to live like kings and queens ….”

    Are you nuts or something? We absolutely have not been living like kings and queens. The Fed and its friends got all of that money.

  • Bob Marshall

    The most important book millions will never bother to read is Congressman Ron Paul’s END THE FED.Since it appears that Wall St.has decided their candidate is Mitt Flip-Flop Romney and Ron Paulsaid he willnot run for congress,there willbe no voice in Washington to stand for liberty, personal freedom,and all he stood for over twenty years.We deserve the America we have today.We didn’t listen to the warnings from our founders in their letters and quotes and we did listen to men like Ron Paul and Judge Andrew P.Napolitano. The truth is more people demanded more governmentprograms, more wars and a larger military industrial complex.

  • Leah

    ************** you corporate scum bags!!

  • Jesse Marioneaux

    Hey the fastest way is stop putting money in the bank accounts just keep the cash on you forget the banks that is the way to break the back.

    • M. DeMetz


      Just make sure that if you keep the money without putting it in the bank that you exchange it for something that has REAL value. Food, guns, bullets, silver, gold…something. The cash you have today isn’t gonna be worth much tomorrow – that’s for sure.

  • jim gamblin

    There are some questions that I have. That I would love to have answered or corrected about. This being 2012, isn’t the 99 year charter for the Federal Reserve ending in December? Why haven’t I seen or read anything about this, including this website? Am I wrong about the 99 year charter? Does anyone remember the years leading up to the handover of Hong Kong to China 1997? It was talked about for years leading up to it. Why not something as significant as this? Anohter question anyone know what happened to the gold in Fort Knox? Anyone remember the James Bond film “Goldfinger” and Goldfinger’s plan?

  • Anon

    These financial scandals, and the ‘Fed’ won’t be going away anytime soon, UNLESS YOU GET UP OFF YOUR FAT, LAZY A**ES, and DO SOMETHING!

    HR 459 passed by an overwhelming majority in the House, by a vote of 327-98!
    Now, this bill (S.202) needs a vote in the Senate!



    End the Fed! Whether Congress Wants Us To or Not!

  • Wake up

    I don’t propose a federal budget. The President does. I don’t have the Constitutional authority to vote on appropriations. The House of Representatives does. I don’t write the tax code, Congress does. I don’t set fiscal policy, Congress does. I don’t control monetary policy, the Federal Reserve Bank does. One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country. I excluded the members of the Federal Reserve Board because that problem was created by the Congress in 1913, and has yet to be corrected!!! Although the Federal Reserve Board is peppered with Low Life Criminals that you allow to stay in power. And why$$$$
    I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don’t care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator’s responsibility to determine how he/she votes.
    It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted — by present facts — of incompetence and irresponsibility. I can’t think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist.
    They (Congress DOES have the POWER to ADIT THE FED)

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