The storyline being sold to you by Bernanke, his Wall Street masters, and their captured puppets in Washington DC is that deflation is the great bogeyman they must slay. They make these statements from their ivory jewel encrusted towers as the real people in the real world deal with reality. The reality since Ben Bernanke announced his QE2 policy in August 2010 is:
- Unleaded gas prices are up 45%.
- Heating oil prices are up 46%.
- Corn prices are up 71%.
- Soybean prices are up 26%.
- Rice prices are up 13%.
- Pork prices are up 31%.
- Beef prices are up 25%.
- Coffee prices are up 38%.
- Sugar prices are up 48%.
- Cotton prices are up 13%.
- Gold prices are up 42%.
- Silver prices are up 115%.
- Copper prices are up 23%.
These are the facts and they fly in the face of the lies being spouted by Bernanke and his Federal Reserve cronies. Words like transitory, quantitative easing, extended period, and liquidity are used by Professor Bernanke to obscure what he is doing to the average American.
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