The Beginning Of The End
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Even Ben Stein Is Warning That An Economic Collapse Is Coming

He sure has come a long way since "Ferris Bueller's Day Off".  During a recent television segment for CBS, Ben Stein declared that "the tea leaves are ominous" and he warned that an economic collapse may be coming.  In particular, Ben Stein is deeply concerned about inflation.  During his recent appearance on CBS, Stein proclaimed that the Federal Reserve is "just shoving money out the door as fast as it can" and that this could have horrific consequences for the U.S. financial system.  Sadly, Ben Stein is exactly right on this point.  The Federal Reserve has already injected enough money into the financial system to create an inflationary disaster.  Fortunately most of this liquidity is still being held by the banks (this will be further explored below), but once all of that money starts getting released into the financial system it is going to unleash economic chaos.

In the video that you are about to watch, Ben Stein states that "when serious inflation hits, it hits everyone".

And that is absolutely true.  Inflation is a hidden tax on ever single dollar that each one of us holds.  Nobody can cheat that hidden tax and nobody can escape from it.

You may have noticed that the price of gas is going up.

In fact, just the other day UPI reported that the price of gas at one station in the Washington D.C. area was up to 5 dollars a gallon.

Can it get much worse?

Well, actually yes it can.

Richard Hastings, a strategist at Global Hunter Securities, recently told CNBC that he believes that we could potentially see $6 gas at some point this summer.

Do you think that a lot of American families will rethink their summer vacations if that happens?

You betcha.

Perhaps Americans will just fly instead.

Well, that is rapidly becoming more expensive as well.  Just check out what one recent CNN article had to say about rising airfares....

Late Tuesday, Southwest Airlines raised all of its round-trip fares by $10. Delta (DAL, Fortune 500) initiated this latest round of price increases on Monday, and as of midday Wednesday American Airlines (AMR, Fortune 500), JetBlue (JBLU) and United Airlines (UAL) had matched it.

As Ben Stein also notes in the video below, food prices are soaring as well.  Rampant money printing by the Federal Reserve and serious crop problems all over the globe have created a "perfect storm" for agricultural commodities.  In the video, Stein sounds downright apocalyptic as he describes crop failures around the world....

But now, we are getting serious crop shortfalls in China - an enormously important agricultural producer and consumer. U.S. crop forecasts are also disappointing. There are huge problems in Australia, South America, and Russia. Corn, wheat, rice and other foodstuff prices are just going wild.

And you know what?

Ben Stein is right.

In a recent article about the global food crisis, I detailed some of the agricultural commodity price increases that we have seen....

*According to the World Bank, the global price of food has risen 36% over the past 12 months.

*The commodity price of wheat has approximately doubled since last summer.

*The commodity price of corn has also about doubled since last summer.

*The commodity price of soybeans is up about 50% since last June.

*The commodity price of orange juice has doubled since 2009.

But it isn't just food and gas that are going up.  We are seeing inflation everywhere.  The value of virtually all "hard assets" is going up.

Investors are running to precious metals such as gold and silver in a desperate attempt to preserve their wealth.  Gold and silver have been absolutely skyrocketing.  The price of gold set another brand new all-time record high this week.  The price of silver hit a 31-year high today.

So why is this happening?

One of the biggest reasons for all of this is that the Federal Reserve has been flooding the system with new money.  In the video below, Ben Stein points to quantitative easing as the primary reason why we are seeing so much inflation....

But most important of all, the Fed is just shoving money out the door as fast as it can, creating piles of cash in banks.

The Federal Reserve had hoped that economic growth would be sparked by all of this new cash, but that is only happening to a minimal degree.

Instead, what Ben Stein believes all of this new money is going to bring about is a situation known as "stagflation".

Do you remember the 1970s and the "misery index"?

Well, we seem to be headed for a repeat of those days.

In a previous article, I defined stagflation....

Stagflation exists when inflation and unemployment are both at high levels at the same time.

Up to this point, we have had high unemployment but relatively low levels of inflation.

But now we are going to get to enjoy high unemployment and high inflation at the same time.

Oh goody!

Video of Ben Stein's recent appearance on CBS is posted below.  You can read a transcript of his remarks here.  It is amazing that a mainstream news outlet would allow this much truth to get out....

Look, the reality is that you cannot pump this much money into the financial system without there eventually being very serious consequences.

For decades the Federal Reserve has been systematically debasing the U.S. dollar, but what the Fed has been doing to the money supply over the past couple of years is absolutely unprecedented.  Just check out the chart below....

So why hasn't all of this new cash caused chaos in the economy already?

Well, because most of it is still trapped in the financial system.  Banks have been reluctant to loan it out.  Instead, they seem content to keep most of it on reserve at the Fed.

But if all of this new money starts leaking out into the economy it is going to drive prices up.  When you have lots more money chasing roughly the same number of goods and services it is inevitable that inflation will result.

Robert Wenzel of believes that more quantitative easing is not even necessary to turn the U.S. economy into a hyperinflationary nightmare.  In fact, Wenzel says that there are enough excess reserves at the Fed right now to turn us into another Zimbabwe....

With over $1.4 TRILLION in excess reserves, Bernanke never has to resort to QE style monetary operations ever again, to print money. If those excess reserves leak into the system, Bernanke has enough sitting there to make Zimbabwe look like a model of prudent money management. As per usual, Bernanke has most of the media and Fed watchers looking at the wrong card.

Forget about QE3, keep your eye on excess reserves. Excess reserves are funds that are not in the system bidding up prices, but when they enter the system by banks using them to make loans, have the potential to result in a multiple of their size, when they impact the money supply. Because of this potential for multiple size impact, excess reserve entering the economy are considered high-powered money.

We would have never even been in this position if we had never allowed the Federal Reserve to be created and had never gotten 14 trillion dollars in debt.  But now America has a debt problem that can never be solved under the current system.  We are locked into a debt spiral from which there is no escape.

Last year, the U.S. government spent more on interest on the national debt than on the following departments combined....

*The Department of Health and Human Services

*The Department of Energy

*The Department of Veterans Affairs

*The Department of Justice

*The Department of Homeland Security

*The Department of Agriculture

*The Treasury Department

*The Department of Labor


But right now the U.S. is still able to borrow tons of money at super low interest rates.

So what happens if interest rates go up?

It could potentially be catastrophic.

That is why the decision by S&P to downgrade its outlook on U.S. government debt was such a big thing the other day.  The U.S. still has a "AAA" rating, but S&P is warning that the AAA rating is in danger.

So what would it mean if the U.S. lost the AAA rating that it currently holds?

The Washington Post recently described it this way....

A credit rating downgrade for the United States would spell even more financial trouble for the U.S. government, hampering its ability to borrow money as investors demand higher yields to make up for the increased risk. That would cause its national debt to balloon further and increase the need to hike taxes or make even more painful cuts in spending.

But the U.S. government continues to borrow money like there is no tomorrow and Ben Bernanke and his friends at the Fed continue to recklessly print money.

As bad as things may seem for many of you right now, the truth is that what we are experiencing at the moment is a "false bubble of prosperity".  Things are eventually going to get much, much worse.

Enjoy this time of economic peace and stability while you still can.  Our leaders have absolutely destroyed our economic future and we are going to want to have some good memories to hold on to while we are living through economic hell in the years ahead.

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  • Bob

    Wow. Ben has finally admitted the obvious.

    Teh US is only abe to issue new debt at low interest rates now because the Fed is buying most of the debt.

    When that stops, game over for bonds. they can’t let that happen, so more money creation and continued Fed buying of debt, so more inflation.

    Obvious to even the mentally challenged, like mw.

  • Bob

    Wow. Ben has finally admitted the obvious.

    The US is only able to issue new debt at low interest rates now because the Fed is buying most of the debt.

    When that stops, game over for bonds. They can’t let that happen, so more money creation and continued Fed buying of debt, so more inflation.

    Obvious to even the mentally challenged, like mw.

  • rhea

    The dollar dropped like a rock today. The politicians know this is coming. Have you noticed the silence from them lately? It makes me sick to think of them hunkering down fat & happy in a bunker somewhere while the rest of us are left to duke it out.

    We help Americans find jobs and prosperity in Asia. For details, visit

  • Richard

    The Empire is done. May God have mercy on this country. We have lost what it means to be an American. Our founding was based on Christianity and now it is based on wealth and possession. Easter was yesterday and we should remember what it means. Our failure didn’t happen overnight. The church and not the government should be the center of this country.

  • Seymour Kleirly

    Pay attention, money is secondary to security, if you do not own at least a small battery of firearms and a smallpile of ammo….better get to it. The first amendment is touted as the most important, however without the second, the first means nothing. Just ask a german jew. Stein is correct,inflation will drown us. 2015 a loaf of good bread will be $15. Fight at the ballott box,even if you think guys like Ron Paul have a shrill little voice,listen to them and give them the benefit of the doubt.

  • Idahoser

    How is it that anybody wanting “progressive” taxation can actually complain about anybody who actually pays taxes, not paying their “fair” share?
    Progressive has an opposite, but it isn’t “regressive”, it’s “FAIR”.

    ANY system that has a group of people who, paying nothing for government, nevertheless get to vote on how it is used. This absolutely guarantees failure, as we are seeing today.

    You can do two things to fix this. We will do neither, and we are doomed.

    1) refuse to allow people who pay no taxes to vote.
    2) make paying taxes “really” fair, everyone pays the same rate. NO exceptions.

    There simply is no other way, and we will do neither.

  • Disgusted American

    You know that this site and the comments from Gary2 and others must be striking a chord when someone gets on here and suggests they get censored.

    “Realist” is the worst. Like anybody really believes they work in a food bank. Try something less transparent next time, hater.

    And there is a class war going on, and it was started by the rich, hating on everybody else.

  • Lennie Pike

    From my cold dead bony bloody fingers.

  • Lennie Pike

    Ben Stein was on the same business news channel program with Peter Schiff as Mr. Schiff was warning of a collapse of housing and an econonmic depression occurring very soon.

    Ben Stein said he was crazy and and idiot.

    Why listen to what Ben Stein has to say anymore even if he happens to be correct?

  • Justin

    Ben Stein should say only one short sentance “Peter Schiff was right 5 years ago”. watch minute number 5:00

  • thejerkstore

    Ah yes Ben Stein, the infamous dope whose father Herbert Stein worked in the Nixon/Ford admin. He of the articulate phrase “”If something cannot go on forever, it will stop,” Course that was said way back in the early 70′s before he and the poster boy of the right Uncle Milton detached us from gold because currencies would “self regulate”. Yea. That worked out great. 40 yrs later I guess he’s right. Bueller?Bueller?Bueller?

  • pat

    I remember Ben being interviewed on CNBC at the height of the housing frenzy, debating whether house values where to high. He opined that there was no housing value bubble and people that warned of an impending decline where misinformed. He was so sure of himself, being an author and expert on financial matters. His credibility is shot because he was either clueless or a lying…. I suspect the former.

  • Dragon

    There are over twenty trillion dollars in big banks on little islands. These huge banks — and all of them participate in trying to keep companies from paying taxes — would see all of that money return to wherever it came from if we had the FairTax.

    At least 11 million illegal aliens would be paying taxes for a change, along with international tourists, and all manner of criminals who, naturally, do not want to be caught.

    This last paragraph would mean that there would be more revenue onto federal coffers than the designers of the FairTax ever anticipated.

    I wish I had more time, but I’m bushed, for now.

  • 007

    Anyone having trouble reasoning with Gary2 should watch this video. Going viral. It may help to understand the poor boy.

  • Disgusted American

    The poster who calls himself “007″ does not deserve the moniker. James Bond is cool, doesn’t engage name calling, uses his brains and wits to win. The 007 is kind of a bully, really offputting.

    Dude, come up with a new name that suits you better, like HitlerLover or something like that. Cool?

  • adp

    “Of course it’s sick to have poor children in a nation that’s as rich as we are, “:

    But the point is that we are NOT rich anymore. We run around pretending to be so when we are not. That is the reality shift that has NOT taken place in the subconscious of Americans even among those who know what is really going on with this economy.

  • Dragon

    One thing people can do is to get rid of the notion that they have to work for somebody else. Lots of ways of making money if they just think about it.

  • Jack Mason

    This article claims that “We are locked into a debt spiral from which there is no escape.”

    Yet, monetary expert Bill Still (The Money Masters / The Secret of Oz) has outlined a plan which can get us out of this tragedy waiting to happen. 1) Make the Federal Reserve merely a clearing house for US Notes issued by the Treasury. 2) Have the Treasury issue US notes in return for government debt in the amount of $1 trillion per month 3) Increase the reserve requirement ratio by 7% each month as the debt is being liquidated until the end of approximately 14 months all debt has been paid off and the banking system is at 100% reserve banking – ie. no more fractional reserve banking. The national debt will be paid off with newly created US Notes, all Federal Reserve notes can be exchanged for US Notes at 1 to 1 and banks can only loan money they have in reserve. Rates will be determined by the market for money, no more by a central clan of crooks. Inflation will not be anywhere near what it will become in the next few years by staying the course. The money system then will have to be under the direction of the Congress but at least there will never ever be a national debt again because the Treasury can just issue new US Notes to cover any budget shortfall – the electorate will have to watch the Congress and make sure they don’t go wild…but even if they do as they as they have been, it’s just new money not new debt money and it’s not fractional reserve money (ie. high powered money)…so we will be a lot better off with some inflation rather than major inflation and looming debt.

  • Ben Dover (America)

    C’mon, Ben Stein is an ‘insider’

    What can Americans do to fight the New World Order?

    1. Turn off or throw away your T.V.
    2. Think for yourself.
    3. Question all so-called ‘Authority’
    4. Get out, and/or stay out, of debt!
    5. Use cash, trade or barter as much as possible, rather than debit cards and credit cards
    6. Get rid of grocery store ‘discount’ cards –grocery stores provide this information to insurance companies.
    7. Bank at a Credit Union, or any alternative to the ‘TBTF’ Banks, that participated in the 2008 Banker Bailout.
    8. Invest as much as you reasonably can in precious metals – especially silver.
    9. You have the right to own a firearm, to protect yourself,and your family. Read the 2nd Amendment.
    10. Buy products “Made in America”
    11. Start your own garden
    13. Meditate or pray – reduce your stress!
    14. Get exercise!
    15. Read a book (here is an excellent book recommendation: Psychological Warfare and the New World Order:The Secret War Against the American People )
    16. Listen to soothing classical, jazz, ambient, or other alternative music
    17. Watch ‘Freedom to Fascism’–a film by Aaron Russo (can be found here:
    18. Watch ‘Why We Fight’–a film by Eugene Jarecki (can be found here:…r_embedded)
    19. Watch ‘Endgame’–a film by Alex Jones (can be found here:
    20. Below is advice from John Perkins’ book, entitled THE SECRET HISTORY OF THE AMERICAN EMPIRE (The Truth About Economic Hit Men,Jackals,And How To Change The World), pp. 322-329.

    “AVOID SHOPPING AS ‘RETAIL THERAPY’ (Instead, jog, meditate, read, or find some other solution).
    SHOP CONSCIOUSLY – if there is something you must have, purchase items whose packaging, ingredients, and methods of production are sustainable and support life.
    PURCHASE AT CONSIGNMENT AND THRIFT STORES –where everything is recycled.
    Write letters telling Monsanto, De Beers, ExxonMobil, Adidas, Ford, GE, Coca-Cola, WALMART, and other labor exploiters and environment destroyers
    DOWNSIZE (your car, home, wardrobe) – everything in your life (and don’t buy what you don’t need)
    SUPPORT/SEND MONEY only to non-profits, radio stations, and other organizations that promote JUST causes.
    VOLUNTEER your time and energy to such organizations.
    ENCOURAGE stores to buy from local growers, producers, and suppliers.
    Shop at your LOCAL FARMERS’ MARKET
    AVOID DRINKING WATER THAT IS FLUORIDATED (only your toothpaste should have non-industrial fluoride)
    INSIST that those who use your money – banks, pensions, mutual funds, companies – make socially and environmentally responsible investments.”
    21. Invest in precious metals (especially silver).
    22. Research every company whose products or services you buy
    23. Research every organization to which you donate your hard-earned money
    24. Vote with your dollars!
    25. Watch ‘The Secret of Oz’– a film by William T. Still (can be found here:
    26. Get prepared for when the U.S. dollar TOTALLY COLLAPSES – You’ll need 1) Water, 2) Food, 3) Vital Medicine 4) First Aid Kit, etc.
    27. Global, non-violent, NON-COMPLIANCE is the answer, of We the Plebs, to the ‘elite’ New World Order!
    28. Find alternatives to EVERYTHING that they’ve set up, to entrap you in THEIR system.
    29. What would happen if 200 MILLION AMERICANS refused to pay their taxes, in 2012? (Just a hypothetical question)
    30. Familiarize yourself with the concept of BOYCOTT
    31. Corporate Membership in the CFR (Council on Foreign Relations):
    32. Don’t ever join a ‘secret’ society
    33. Watch ‘Global Warming or Global Governance’ ( )
    34. Educate yourself. Thomas Jefferson: “If a nation expects to be ignorant & free, in a state of civilisation, it expects what never was & never will be.”

    Expand the above list,and share it with everyone you know!

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