WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 5/14/2012 ... Let's Take Back Our Country ...

TOP STORY ... TeenPact Patriots, now 23 years old, running for Re-Election in Oklahoma State House of Representatives: Elise Hall & Josh Cockcroft   www.teenpact.com

  ... Teaching County Sheriffs their Constitutional Duty: Sheriff Richard Mack, Founder, Constitional Sheriffs & Peace Officers Assn   www.cspoa.org

... East Texas Pastor Prays in Capitol for America: Pastor Dan Cummins, Come Pray With Me   www.comepraywithme.org

... This is Why I Teach; This is Why I Fight: KrisAnne Hall, Constitutional Attorney www.krisannehall.com

  ... FBI Training Manual Not Offensive to Muslims: Stephen Blanton, Author, The Heart of Islam    www.stephenblanton.com

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 05-07-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 5/7/2012 ... Let's Take Back Our Country ...

TOP STORY ... County Sheriff's Authority to Arrest under attack in Delaware: Sheriff Jeff Christopher, Sussex County, Delaware

... What is the History & Power of County Sheriff: KrisAnne Hall, Constitutional Attorney

... Washinton, Man of Prayer, in the Capitol: Pastor Dan Cummins, Come Pray With Me

...Tyler Texas Election Alert: Pastor Charles Burns, Running for Tyler City Couucil, Dist 2

... Death Penalty for cursing Allah, Prophet Muhammad, or the Prophet's wives: Stephen Blanton, The Heart of Islam

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 05-07-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 4/30/2012 ... Let's Take Back Our Country ...

TOP STORY ... Texas Budget Compact - Eliminating Budget Tricks & Unconstitutional State Programs: JoAnn Fleming, Chair, Tea Party Caucus Advisory Committee to State Legislature & Executive Director, Grassroots America We the People   www.gawtp.com

... Hope for America's Future: Aaron Watson, Vice President of Operations, TeenPact Leadership Schools  www.teenpact.com

... Texas Election Alert: State Representative, Dan Flynn, Dist 2, incumbent running for Republican nomination

... Virginia Nullifies "Indefinite Detention" in National Defense Authorization Act: KrisAnne Hall, Constitutional Attorney & National Teacher  www.krisannehall.com

... Obama Administration promotes Islam, Religion of Peace: Stephen Blanton, Author, The Heart of Islam   www.stephenblanton.com

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 04-30-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 4/23/2012 ... Let's Take Back Our Country ...

TOP STORY ... It's Time to Impeach President Obama: Sheriff Richard Mack, running for Congress in Texas 21st District - Responsibility of County Sheriff and other elected officials to protect citizens ... As Sheriff, Richard Mack challenged gun control edict by Clinton Adminstration and won States' Rights victory in U.S. Supreme Court    www.electmack.org

... Teenagers Trained as Patriots - Learning God & Country: 17 year old Jeremiah Moore, TeenPact Leadership Schools  www.teenpact.com

... It's 2013 - Teenagers being trained in Obama Youth: Allen Martin, author, The Obama Youth - 2013, The New 1984 - A Novel

... Michigan farmers must slaughter their pigs - State mandate: KrisAnne Hall, Constitutional Attorney   www.krisannehall.com

... Norway Hope-Not-Hate turns on Islam's exposers: Stephen Blanton, The Heart of Islam  www.stephenblanton.com

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 04-23-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 4/16/2012 ... Let's Take Back Our Country ...

TOP STORY ... Volunteer State Militia is Law in Arizona: Sylvia Allen, Arizona State Senator and author of the bill which Governor Brewer signed last year

... Washington A Man of Prayer - A Prayer of Rededication for America at The Capitol on May 8: Dan Cummins, Come Pray With Me

... Muslims warned Not to work in law enforcement in U.S.: Stephen Blanton, Author, The Heart of Islam

... Could U.S. become a military state - Obama now has the power: KrisAnne Hall, Constitutional Attorney

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 04-09-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 4/9/2012 ... Let's Take Back Our Country ...

TOP STORY ... U.S. Elections HighJacked? - Vote Count controlled by Spain Company (SCYTL): Bev Harris, Black Box Voting www.blackboxvoting.org

... Don't Worry! - The Fed is buying U-S Debt - Over 60% NOW: Dr Tim Kane, (ret) Professor of Economics, University of Texas Tyler

... Texas Election Alert: Incumbent Bryan Hughes, TX State Representative, Dist 5 running for Republican nomination www.new.bryanhughes.com

... Arab Spring building Power for Muslim Brotherhood: Stephen Blanton, The Heart of Islam www.stephenblanton.com

... Understanding 2nd Amendment - A Well Regulated Militia: KrisAnne Hall, Constitutional Attorney www.krisannehall.com

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 04-09-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 4/2/2012 ... Let's Take Back Our Country ...

TOP STORY ... The Second Amendment under attack on every front - Right to bear Arms necessary to Security of a Free State: KrisAnne Hall, Constitutional Attorney & National Teacher  www.krisannehall.com

... Time for Your Concealed Carry: Mark Walters, syndicated radio host, Armed American Radio & member of U.S. Concealed Carry Association  www.armedamericanradio.org   www.usconcealedcarry.com

... America Today like Nazi Germany - 86 year old Author lived under Hitler: Heidi Egert-Budik, her book - Betrayers: No Left Turn

... Hezbollah getting money from militant Islamic group in Austin, TX: Stephen Blanton, Author, The Heart of Islam   www.stephenblanton.com

Listen @ www.wakeupwethepeople.com  by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 04-02-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 3/26/2012 ... Let's Take Back Our Country ...

TOP STORY ... Black America & Freedom Today - Runaway Slave: C.L. Bryant, One Nation Back To God  www.onenationbacktogod.com

... "Stand Your Ground" Gun Law in Florida: KrisAnne Hall, Constitutional Attorney & National Teacher www.krisannehall.com

... Court allows Muslims accused of Sexual Trafficking of Children to have Prayer Breaks in legal proceedings: Stephen Blanton, Author, The Heart of Islam   www.stephenblanton.com

Listen @ www.wakeupwethepeople.com  by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 03-26-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 3/19/2012 ... Let's Take Back Our Country ...

TOP STORY ... Wyoming Tries to Prepare for Collapse of Federal Government: Ed Buchanan, Wyoming Speaker of the House

... President Obama's Martial Law Executive Order: KrisAnne Hall, Constitutional Attorney & National Teacher

... Texas Election Alert: Matt Schaefer, Republican Candidate for TX House of Representatives, Dist 6

... Texas Election Alert: Bob Hall, Disqualified Republican Candidate for TX Senate, Dist 2 - What Happened?

... Muslims Living in Israel - The Danger: Stephen Blanton, Author, The Heart of Islam, Just Returned from Jerusalem

Listen @ www.wakeupwethepeople.com  by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 03-19-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 3/12/2012 ... Let's Take Back Our Country ...

TOP STORY ... Military Vets Organize to Defend America At Home: Colonel Jim Harding, Veteran Defenders of America

... The Do's & Don'ts for Churches & Pastors during Elections: Joel Oster, Alliance Defense Fund

... Texas Election Alert: Wayne Christian, TX State Rep, Dist 9

... Texas Election Alert: David Simpson, TX State Rep, Dist 7

... Defending Constitution & Bill of Rights: KrisAnne Hall, Constitutional Attorney & National Teacher

Listen @ www.wakeupwethepeople.com  by pressing play arrow on show under Recent Shows banner on right side of this website ... Date 03-12-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 3/5/2012 ... Let's Take Back Our Country

*****Set Record Straight - I mistakenly said Jim Wright instead of Jim Wallis on my Live show - Jeremiah Wright was President Obama's pastor in Chicago for 20 years.  Pastor Jim Wallis is President Obama's faith adviser now. See following link for info ... http://www.theblaze.com/stories/lib-pastor-jim-wallis-america-is-not-a-christian-nation-%E2%80%94-its-never-been-a-christian-nation/

TOP STORY ... Pastor Jim Wallis, President Obama's faith adviser, claims America is Not a Christian nation: KrisAnne Hall, Constitutional Attorney & National Speaker www.krisannehall.com 

More about Pastor Jim Wallis ... http://en.wikipedia.org/wiki/Jim_Wallis

... Utah takes another step forward for Sound Money (Gold & Silver currency): Larry Hilton, Founder, Citizens for Sound Money & author of Utah's Legal Tender Act   www.utahsoundmoney.org

... Islamic Jihadists causing trouble in China & ACLU teams up with Council on American Islamic Relations: Stephen Blanton, Author, The Heart of Islam  www.stephenblanton.com

... Guarding The President of the United States: Dan Emmett, (ret) Secret Service Agent to President George H.W. Bush, President Clinton, President George W. Bush - His new book - Within Arm's Length   www.danemmett.com

Listen  www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of the website ... Date 03-05-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 2/27/2012 ... Let's Take Back Our Country

TOP STORY ... Christian Colleges say NO to Obama's Sterilization & Contraception Mandate: Matt Bowman, Attorney with Alliance Defense Fund, representing Geneva College and Louisiana College

... Obama's New Budget crushes American business: Dr Tim Kane, (ret) Professor of Economics, University of Texas Tyler

... Smith County (TX) Election Alert: Terry Phillips, incumbent Republican candidate for Smith County Commissioner

... Smith County (TX) Election Alert: Larry Smith, Republican candidate for Smith County Sheriff

... Jerusalem Temple Mount Tourists attacked by Palestinian Muslims: Stephen Blanton, Author, The Heart of Islam

... African Americans for Obama - A Call for Congregational Captains.: KrisAnne Hall, Constitutional Attorney & National Teacher

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of the website ... Date 02-27-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 2/20/2012 ... ... Celebrating Birthdays of George Washington & Abraham Lincoln

TOP STORY ... Morality Crisis vs Economic Crisis in America: Pastor Stephen Broden, Conservative Activist, & Senior Pastor of Fair Park Bible Fellowship, Dallas, TX

... Defending Religious Freedom - Texas Style: Jonathan Saenz, TX State Drector, Liberty Institute   www.libertyinstitute.org

... Smith County (TX) Election: Bobby Garmon, Republican candidate for Smith County Sheriff   www.bobbygarmon.com

... Smith County (TX) Election: Ed Watts, Republican candidate for Smith County Commission    www.watts4commisioner.com

... U.S. Justice Dept defending Muslim Mosques in local government: Stephen Blanton, Author, The Heart of Islam   www.stephenblanton.com

... Defending the 10th Amendment of Bill of Rights: KrisAnne Hall, Constitution Attorney & National Teacher   www.krisannehall.com

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of the website ... Date 2-20-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 2/13/2012 ... ... Let's Take Back Our Country

TOP STORY ...The U.S. Constitution Attacked On ALL Sides : John Evans, Conservative Blogger

... Top Texas Priorities in 2012: JoAnn Fleming, Chair, Tea Party Caucus to TX Legislature & Executive Director of Grassroots America We the People

... Smith County (TX) Election Alert: Chris Green, Republican candidate for Smith County Sheriff

... Smith County (TX) Election Alert: Ronnie Pilcher, Republican candidate for Smith County Commissioner

... America's Dependence on Foreign Oil & The Coming Caliphate: Stephen Blanton, Author, The Heart of Islam

... The Reason for the 9th Amendment of Bill of Rights: KrisAnne Hall, Constitutional Attorney & National Teacher

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of the website ... Date 2-13-2012

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WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 2/6/2012 ... ... Let's Take Back Our Country

TOP STORY ... SuperBowl Mania vs. Christian Apathy for God & Country: Pastor Dan Cummins, Founder, Come Pray With Me & Pastor, Bridlewood Church, Bullard, TX   www.comepraywithme.org

Smith County (TX) Election Alert ... Jimmy Hawley, Republican candidate for Smith County Commissioner & Donn Rust, Republican candidate for Smith County Sheriff

... Nigeria & Egypt Christians face Sharia Law - Death: Stephen Blanton, The Heart of Islam  www.stephenblanton.com

... Supreme Court Judge insults Constitution: KrisAnne Hall, Constitutional Attorney & National Teacher  www.krisannehall.com

Listen @ www.wakeupwethepeople.com by pressing play arrow on show under Recent Shows banner on right side of the website ... Date 02-06-2012

OR download and listen by clicking on the following: http://toginet.com/po

WAKEUP We the People with George Stephenson........It's TIME to wakeup our family, friends, and neighbors ..... Week of 1/9/2012 ... HAPPY NEW YEAR ... Let's Take Back Our Country!

TOP STORY ... Law abiding Texans under attack by U.S. Justice Dept - Unconstitutional Tax Prosecution: John Green, Constitutional Attorney, co-defendant with Tom Selgas who advocates and teaches Gold & Silver as Sound Money

... U.S. $15 Trillion Debt - No Stopping the Insanity: Dr Tim Kane, (ret) Professor of Economics, University of Texas Tyler

... Propaganda Campaign - Islam is Peaceful & Charitable: Stephen Blanton, Author, The Heart of Islam  www.stephenblanton.com

... Defending The Constitution & The Bill of Rights: KrisAnne Hall, Constitutional Attorney & National Teacher  www.krisannehall.com

... A Balanced Life - How To Achieve Success in Every Area of Your Life: Anis Blemur, Author 

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Remember Lee  Iacocca, the man who rescued Chrysler Corporation from its death  throes?  He's now 82 years old and has a new book, 'Where  Have All The Leaders  Gone?'.

Lee Iacocca  Says:
'Am I the only  guy in this country who's fed up with what's happening? Where  the hell is our outrage with this so called president? We should  be screaming bloody murder! We've got a gang of tax cheating  clueless leftists trying to steer our ship of state right over a  cliff, we've got corporate gangsters stealing us blind, and we  can't even run a ridiculous cash-for-clunkers program without  losing $26 billion of the taxpayers' money, much less build a hybrid car. But instead of getting mad, everyone sits around and  nods their heads when the politicians say, 'trust me, the economy  is getting  better..'  Better? You've  got to be kidding. This is America , not the damned 'Titanic'.  I'll give you a sound bite: 'Throw all the Democrats out, along  with Obama!'

You might think  I'm getting senile, that I've gone off my rocker, and maybe I  have. But someone has to speak up. I hardly recognize this  country  anymore..

The most famous  business leaders are not the innovators but the guys in  handcuffs.. While we're fiddling in Afghanistan , Iran is  completing their nuclear bombs and missiles and nobody seems to  know what to do. And the liberal press is waving 'pom-poms'  instead of asking hard questions. That's not the promise of the  ' America ' my parents and yours traveled across the ocean for.  I've had enough. How about  you?

 I'll go a step  further. You can't call yourself a patriot if you're not  outraged. This is a fight I'm ready and willing to have. The  Biggest 'C' is Crisis! (Iacocca elaborates on nine C's of leadership, with crisis being the  first.)

 Leaders are  made, not born. Leadership is forged in times of crisis. It's  easy to sit there with thumb up your ass and talk theory. Or  send someone else's kids off to war when you've never seen a  battlefield yourself. It's another thing to lead when your world  comes tumbling  down.

 On September 11,  2001, we needed a strong leader more than any other time in our  history. We needed a steady hand to guide us out of the ashes. A  hell of a mess, so here's where we stand.

  We're immersed  in a bloody war now with no plan for winning and no plan for  leaving..  But our soldiers are dying  daily.

  We're running  the biggest deficit in the history of the world, and it's  getting worse every  day!

  We've lost the  manufacturing edge to Asia , while our once-great companies are  getting slaughtered by health care  costs.

Gas prices are  going to skyrocket again, and nobody in power has a lucid plan to  open drilling to solve the problem.  This country has the  largest oil reserves in the WORLD, and we cannot drill for it  because the politicians have been bought by the flea-hugging  environmentalists.

   Our schools  are in a complete disaster because of the teachers'  union.

   Our borders are  like sieves and they want to give all illegal's amnesty and free  healthcare.

   The middle class  is being squeezed to death every  day.

   These are times  that cry out for  leadership.

   But when you  look around, you've got to ask: 'Where have all the leaders  gone?' Where are the curious, creative communicators? Where are  the people of character, courage, conviction, omnipotence, and  common sense? I may be a sucker for alliteration, but I think  you get the  point..

   Name me a leader  who has a better idea for homeland security than making us take  off our shoes in airports and throw away our  shampoo?

   We've spent  billions of dollars building a huge new bureaucracy, and all we  know how to do is react to things that have already  happened.

   Everyone's  hunkering down, fingers crossed, hoping the government will make  it better for them.  Now, that's just crazy.. Deal with  life.

   Name me an  industry leader who is thinking creatively about how we can  restore our competitive edge in manufacturing. Who would have  believed that there could ever be a time when 'The Big Three'  referred to Japanese car companies? How did this happen, and  more important, look what Obama did about  it!

   Name me a  government leader who can articulate a plan for paying down the  debt, or solving the energy crisis, or managing the health care  problem. The silence is deafening. But these are the crises that  are eating away at our country and milking the middle class  dry.

   I have news for  the Chicago gangsters in Congress. We didn't elect you to turn  this country into a losing European Socialist state. What is  everybody so afraid of? That some bonehead on NBC or CNN news  will call them a name? Give me a break. Why don't you guys show  some spine for a  change?

   Had Enough? Hey,  I'm not trying to be the voice of gloom and doom here.  I'm  trying to light a fire. I'm speaking out because I have hope - I  believe in America .. In my lifetime, I've had the privilege of  living through some of     America 's greatest moments.  I've also experienced some of our worst crises: The 'Great  Depression,' 'World War  II,' the 'Korean War,' the  'Kennedy Assassination,' the 'Vietnam War,' the 1970's oil  crisis, and the struggles of recent years since  9/11.

   Make your own  contribution by sending this to everyone you know and care  about. It's our country, folks, and it's our future. Our future  is at  stake!!

 

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National Inflation Association reports........

1) With Republicans taking over the House, is there any chance of the Republicans drastically cutting spending to avoid a currency crisis?

No, there is zero chance of the Republicans cutting spending in any meaningful way. We will have exploding budget deficits in the years ahead. Republicans always talk like Libertarians but act like Democrats once in office. Bush expanded the government and raised spending more than any previous President in history. Bush destroyed the name of the free market so now the average American thinks more government is the solution and has become dependent on entitlement programs. The only way government spending cuts could make enough of a difference to prevent a currency crisis is if we cut unemployment benefits, food stamps, social security, medicare, medicaid, etc. None of this is going to happen until we do have a currency crisis and the government is forced to end these programs.

2) During a hyperinflation event, in retrospect, how much purchasing power will 35 to 40 ounces of silver have regarding commodities and assets?

We expect silver to gain about 3 1/2 times in purchasing power in terms of gold and oil. However, we expect many agricultural commodities to rise in price faster than gold and oil. Therefore, in terms of silver, we conservatively expect silver's purchasing power for food to approximately double. Therefore, if it costs $150 per week or 6 ounces of silver to feed your family today, we expect it to cost 3 ounces of silver per week to feed your family in the future.

In terms of Real Estate, the median U.S. home costs 6,550 ounces of silver today. We expect to be able to buy a median U.S. home in the future for below 1,000 ounces of silver and possibly as low as 500 ounces of silver.

To put it into perspective, if you stopped feeding your family today and saved all of that money, it would probably take 21 years of you saving that money to be able to pay for your house at its current price.

In the future, if you stopped feeding your family and saved all that money for just 3.2 years, that money would be enough to buy your house.

The point we are trying to make is, the cost of feeding yourself is about to rise dramatically compared to the cost of putting a roof over your head. No matter what, the best way to survive this upcoming crisis is by accumulating as much silver today as possible.

3) Some writers have included the Federal Government's unfunded liabilities in calculating the total U.S. debt. These unfunded liabilities are not debts at this time, but are just future estimates. I believe that they should not be included because they are distorting present reality. Am I correct?

The Federal Government's unfunded liabilities are very real because Americans getting ready to retire are very much depending on Social Security, Medicare, and Medicaid, just to survive. For 2/3 of Americans getting ready to retire, Social Security will be more than 50% of their income and for 22% of upcoming retirees, Social Security will be their only income.

NIA believes that not only should unfunded liabilities be included when we calculate our country's total debts, but increases in our unfunded liabilities should be included in our budget deficit. While our fiscal year 2010 cash budget deficit may have been $1.3 trillion, once you include increases in our unfunded liabilities, our real 2010 budget deficit was actually over $4 trillion.

All U.S. publicly traded corporations must include increases in their liabilities when calculating their net losses, so why shouldn't the U.S. government as well? The government only follows its own rules, when it suits them.

The truth is, if the U.S. wants to prevent hyperinflation and restore confidence in the U.S. dollar, it will have to default on its entitlement programs like Social Security, Medicare, and Medicaid. But, we all know the government will simply print the money to pay these benefits because if it decided to default on them, Americans will march to Washington with pitchforks and there will be nationwide rioting, looting, and civil unrest that our nation will never be able to recover from.

4) My husband is 57 and has been working at ATT for 35 years. He currently makes $32 per hour and will receive a $400k lump sum for retirement. We can only buy $30,000 in gold and silver now but could buy more with the retirement money. Should he retire now or keep his job?

He should retire now and use the money to buy gold, silver, and possibly gold and silver mining stocks. The longer he waits to retire, the more purchasing power his retirement money will lose in the hands of ATT.

$400k invested today into silver might actually have the purchasing power of $1.6 million 5 years from now. However, if he waits 5 years to retire, there is a chance that $400k will only have $100k in purchasing power.

$1.6 million in purchasing power will be more than enough for him to remain retired for the rest of his life. If he keeps working and doesn't buy more gold and silver until it is too late, there is a chance he will never be able to retire.

5) Do you have any suggestions for a small business owner to prepare to survive hyperinflation?

Without knowing the type of business you are in, you should try to get your expenses down as low as possible, as soon as possible. Imagine today what would happen if your revenues declined by 50% instantaneously. Would your business be able to survive? It is likely that the majority of American business owners will see a 50% or more decline in their revenues this decade, when priced in terms of real money (gold).

If you are in the restaurant business or a type of business that relies on the purchasing of a commodity, your costs are about to rise dramatically but you will find it very difficult if not impossible to pass these costs on to your customers. Therefore, try to factor in not just a 50% decline in your real revenues, but a 50% decline in your profit margins as well.

Start cutting back on your number of employees right away and give each of the employees that you keep more responsibilities. Explain to them that if the business is going to survive hyperinflation, it is going to be a team effort. Everybody is going to have to work a lot harder and give extra effort in order to survive hyperinflation.

6) Is there any reason not to take advantage of a 401k where your employer matches every dollar you put in, meaning you are receiving an automatic 100% return? What if I kept the money in a safe fixed rate of return fund?

If the price of gold quadruples over the next few years (which NIA believes is very possible), it will mean the U.S. dollar has declined by 75% in terms of real money. Even if your employer matches your 401k contributions by 100%, your money will still have lost 50% of its purchasing power overall in terms of gold.

Therefore, it is probably not worth contributing to your 401k even with your employer matching your contributions. If we experience hyperinflation before you are able to withdraw your 401k money, your employer's matches won't matter at all as you will be left with nothing.

In our opinion, you will be much better off buying some gold every month, or if your stomach can handle some volatility and you want to substantially increase your purchasing power - silver. One thing you should consider (if you already have a lot of money in your 401k) is borrowing against it at a fixed interest rate and using that money to accumulate gold and silver.

7) Just prior to the dollar collapsing, with hyperinflation in full swing and everyone in a mad rally out of the dollar and into gold/silver, who would be buying gold or silver at these new, enormous and unprecedented levels?

All Americans will be buying gold and silver with their dollars. The average American currently thinks gold is expensive at $1,350 per ounce and they are more likely to be a seller of gold at this time. As crazy as it sounds, when gold hits $5,000 or $10,000 per ounce, the average American's mindset will change and they will desperately want to own gold no matter what price it is at.

The world is currently flooded with dollars and for the most part these dollars are being hoarded. When Americans wake up to how rapidly the Federal Reserve is expanding the money supply and to the monetization of our exploding budget deficits that is ahead, nobody in their right mind is going to want to own dollars.

No American is going to want to be the last American out of the dollar. Americans who get out of the dollar and into precious metals the soonest will keep the most of their purchasing power. Those who wait the longest will see their savings completely wiped out.

8) You say that gold should make up 25% of world financial assets. Could you please explain how this should be, not just in history but today?

From 1921 to 1981, gold and gold mining shares made up 25% of the world's financial assets and today they make up less than 1%. We currently live in a fiat world gone insane. Gold is real money, but the world has been brainwashed into believing pieces of paper backed by nothing are money.

When the world wakes up and realizes how fast fiat currencies are being debased, the world will lose trust in fiat currencies and will demand sound money. Gold would have to rise to $31,000 per ounce for gold assets to make up 25% of the world's financial assets and $10,000 if non-gold assets fell by 2/3 in value.

Gold has been recognized as real money for thousands of years. These past few decades have been the exception. All central banks are battling to devalue their currencies. The current fiat currency experiment is going to end in a complete disaster. Bernanke is going to create quantitative easing all the way to hyperinflation.

9) Wouldn't the Federal Reserve be able to curb hyperinflation by raising interest rates?

The Federal Reserve has held interest rates near 0% for two years. NIA estimates the real rate of U.S. price inflation to currently be around 5%. In order for the Federal Reserve to stop price inflation it would need to immediately raise interest rates above 5%, which would destroy our so-called "economic recovery" and send the U.S. economy into the next Great Depression.

If the Fed slowly raises rates to 5%, by the time they get there we are sure real price inflation in the U.S. will be in the double-digits. If we saw double-digit interest rates, just the interest payments on our national debt would immediately explode to over $1 trillion per year and we will have multi-trillion dollar budget deficits.

Because of the size and scope of our national debt, raising interest rates to a level that is higher than the real rate of price inflation will be nearly impossible, unless it is done now. We expect interest rates to remain negative in real terms until the U.S. dollar is worthless.

10) Ever since the Fed announced QE2, the U.S. dollar has rallied. Why is this? Could Europe's banking system be collapsing again, which would send money into the dollar?

Investors sold off the U.S. dollar in the months leading up to the Fed's announcement because they knew QE2 was coming. NIA was the first to predict QE2 back in July, before the market began to price it in. NIA members could have made a lot of money by positioning themselves properly for QE2 before it leaked out in the media that QE2 was coming.

Interest rates have been near 0% for nearly two years so there is already a ton of excess liquidity out there. This excess liquidity drove commodity, precious metal and stock prices up in anticipation of the Fed's announcement. Because the announced QE2 was about what people were expecting, the U.S. dollar was overdue for a small short-term bounce.

Europe's banking system has been collapsing for years. Just because the media chose to stop focusing on Europe for a while and is now focusing on Europe again, doesn't mean things are all of the sudden getting worse in Europe. All it means is Wall Street has finished taking their positions so now they have their friends in the media focus on whatever will help their short-term trades become profitable.

Europe at least has been implementing tough austerity measures while the U.S. continues to print money and tries to spend its way out of the crisis. The fundamentals for the Euro have been slightly improving vs. the U.S. dollar and we anticipate the Euro will be higher vs. the U.S. dollar one year from now, compared to where it is now. However, both the Euro and the U.S. dollar are miserable currencies. They will both continue to decline in terms of gold and silver, despite the short-term noise and volatility.

 

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By Chris Isidore, senior writerNovember 12, 2010: 8:11 AM ET

NEW YORK (CNNMoney.com) -- Ben Bernanke has had his hands full since his first day on the job as Federal Reserve chairman nearly five years ago. It's about to get even tougher.

His harshest critic on Capitol Hill, Rep. Ron Paul of Texas, is about to become one of his overseers.

With the Republicans coming to power, Paul, who would like to abolish the Fed and the nation's current monetary system, will become the chairman of the House Subcommittee on Domestic Monetary Policy.

If you've never heard of the committee before, you're not alone. But Paul promises you'll be hearing a lot more from it.

"It's basically been a committee that's dealt with commemorative coins. I'm going to deal with monetary policy," he said.

Paul doesn't think he'll be able to move his proposal to eliminate the Fed, or to allow Americans to use gold instead of paper money as currency. But he said he does intend to use his new position as "a mini-bully pulpit" to criticize Fed policy and call more attention to what he sees as its negative consequences. And he's confident that American voters are ready to delve into those monetary policy questions.

"Five years ago they wouldn't have listened. Now they will," he said. "We've gained a lot of credibility in making the Federal Reserve an issue since the market collapse."

And Paul vows to try again to authorize Congressional audits of the Fed's decisions on the economy, a proposal that passed the House last year but was essentially gutted from the final version of the financial regulatory overhaul legislation.

"It will never be easy; the Fed has a lot of influence," he said of the audit legislation. "But there's a lot of life to it. We got further along than I ever expected."

One way that Paul will bring pressure on Bernanke and his Fed allies is to hold hearings to give greater voice to Fed members -- like Kansas City Fed President Thomas Hoenig -- who disagree with the current monetary policy.

"Just getting someone there willing to discuss their viewpoint and why they might dissent, I think that would be interesting," Paul said.

A Fed spokesman did not respond to a request for comment for this story.

Some economists worry that Paul having that kind of pulpit will hurt the Fed, and diminish its ability to fix an economy that still needs help.

"From Ron Paul's standpoint, the Fed can't do anything right," said Lyle Gramley, a former Fed governor who is now senior economic advisor to the Potomac Research Group. "He can cause the Fed to lose a lot of public support. But it needs public support to do what it needs to do."

While the Fed policymakers will try to resist pressure from Paul, they won't be able to ignore it, said John Silvia, chief economist for Wells Fargo Securities. And he said there's a potential for that pressure to influence Fed policy.

"The Fed has a more balanced, nuanced position on its dual mandate to promote growth and keep prices stable," he said. "Ron Paul probably doesn't."

But other Fed watchers say Bernanke already faces plenty of criticism and doesn't have too much to worry about from Paul having control of an oversight committee.

"I think that Bernanke has been pretty cool under fire up to now. I can't imagine Ron Paul being someone who could shake him up," said Michael Bordo, a professor of economics at Rutgers University.

Paul also rejects the idea that he's Bernanke's greatest concern.

"He probably just thinks I'm a nuisance rather than a nightmare," he said.

And Paul doesn't think he'll be able to reverse Fed policy or force Bernanke to resign, as much as he would like to.

"I think psychologically, Bernanke is incapable of changing his mind," he said. "It's probably unlikely [Bernanke will resign] under today's circumstances. But you don't know what it will be like a year or two from now."

Paul argues the Fed is making a serious mistake by pumping more money into the economy to try to spur more spending and growth. He predicts it will only lead to further declines in value of the dollar, inflation and higher interest rates rather than the lower rates the Fed is shooting for.

Paul thinks that will bring about another economic crisis that will eventually force Bernanke to resign from office.

"That's more likely to happen than for Bernanke to think, 'Well, I guess I made a mistake for 35 years. I've misunderstood the Depression, and I'm going to change my policy.'" 

 

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Report from National Inflation Association

October 6, 2010

One of the Federal Reserve's original stated purposes was to manage the nation's money supply through monetary policy that provides for stable prices without inflation or deflation. Shocking just about the whole world except for NIA members, the Federal Reserve this past week shifted its purpose from being an inflation fighter to now being an inflation advocate. Charles Evans, President of the Federal Reserve Bank of Chicago, is now saying that inflation in the U.S. is too low and the Federal Reserve needs to publicly declare a new goal of having inflation that is much higher than its informal 2% target. William Dudley, President of the New York Federal Reserve, is calling current low levels of U.S. inflation "a problem" because "it means slower nominal income growth".

Dudley believes "slower nominal income growth" is unacceptable because it "means that less of the needed adjustment in household debt-to-income ratios will come from rising incomes. This puts more of the adjustment burden on paying down debt." In other words, he wants to monetize our debts by printing so much money that all Americans are earning enough income to pay back their debts. NIA fears that one of the unintended consequences of such a policy will be an insurmountable currency crisis; this will lead to a U.S. societal collapse with class warfare, millions of Americans starving to death, and a return to a barter based system that will last until we can come up with a new form of workable government based on sound money that is backed by gold and silver.

When our government creates inflation with the goal of generating higher incomes, the real incomes of Americans always decline dramatically. Inflation never creates wealth, but instead misallocates resources that would have went towards productive purposes if the free market was allowed to operate. During periods of high inflation, no matter how fast incomes rise nominally, they never keep pace with rising gold prices. (Try to picture Zimbabwean President Robert Mugabe trying to keep pace in a race against Olympic gold medalist Usain Bolt.)

Back in 1970, the median family income in the U.S. was $9,870. During the next decade, the U.S. government created unprecedented amounts of inflation, which led to the median family income rising in 1980 to $21,020 for a gain of 113%. Gold was only $35 per ounce in 1970, but rose to a high in 1980 of $850 per ounce for a gain of 2,329%. One year of income in 1970 would have bought 282 ounces of gold, but one year of income in 1980 would have only bought 25 ounces of gold. Priced in gold, families saw their real incomes decline during the 1970s by 91%.

On July 19th of this year, with everybody in the mainstream media warning Americans about the threat of deflation, NIA predicted that the Federal Reserve was, "quietly getting ready to implement 'The Mother of All Quantitative Easing'". NIA said that, "come this October, Bernanke is likely to shoot up his largest ever dose of quantitative easing." Then on July 28th with gold down to $1,158 per ounce and silver down to $17.63 per ounce, NIA sent out an alert entitled, "Gold and Silver Capitulation is Near" in which we said, "The sentiment on gold and silver has abruptly changed to the negative like nothing we have ever seen before and to us this means the big move to the upside is right around the corner."

NIA called the bottom on gold and silver perfectly. Since July 28th, gold and silver have both risen 34 out of 49 days, with gold rising by 16% and silver rising by 30%. Many people are asking us when precious metals are going to dip. Although gold and silver will make many dips in the years to come, NIA is never going to make an attempt to predict these short-term, temporary dips. It is far too risky and dangerous to sell gold and silver with the hope of buying back on a dip. Those who actively trade gold and silver, usually go long the U.S. dollar while they are waiting for a dip. There will come a time when the U.S. dollar crashes, with gold rising hundreds or even thousands of dollars in a day, and silver potentially doubling or tripling in value in a day. Trust us, you do not want to be on the wrong side of the trade on that day. NIA is focused on the long-term risk of hyperinflation and is not concerned about short-term volatility.

NIA believes that if the Federal Reserve doesn't reverse course immediately, we are on a direct path to all Americans becoming billionaires by the year 2020, if not much sooner. Being a billionaire in dollars won't mean anything. The wealth of Americans later this decade will be calculated based on how much gold and silver they own. We are at the beginning stages of a massive worldwide rush out of the U.S. dollar and into gold and silver.

Gold, at a new all time high of $1,344 per ounce, is still very undervalued. If gold's total bull run from its 2001 low of $256 per ounce equals a percentage gain of 2,329% (just like the 1970s) we will see a gold price of $6,218 per ounce. Silver, at a new 30-year high of $23 per ounce, is still an absolute steal. Just like NIA predicted, the gold/silver ratio has declined in recent months from 70 down to 58, but is still well above the historical average of 16. In our opinion, because silver has been undervalued for so long with artificially high gold/silver ratios, once JP Morgan is forced to cover their naked short position in silver we could see the ratio decline to an artificially low level as low as 8. Therefore, if we see $6,218 per ounce gold, we wouldn't be surprised to also see $777.25 per ounce silver.

Dudley's solution to our current economic crisis is to "find ways to increase the amount of stimulus we currently provide via our balance sheet." This is pure insanity. Bush's $200 billion stimulus sent oil prices to $147 per barrel, Obama's $800 billion stimulus prevented massive price deflation (that would have made cost of living in America a lot more affordable) during a period of rapidly rising unemployment, and now the Federal Reserve believes even greater stimulus will fix our economy. Dudley is calling for the Federal Reserve to purchase $500 billion in bonds, but the Federal Reserve's real quantitative easing will be much greater. Dudley doesn't want to steal the show from Bernanke. He must allow Bernanke to be the one who first suggests the "genius" idea of having quantitative easing of $1 trillion or more.

The truth is, the exact amount of the Federal Reserve's short-term purchases is absolutely meaningless. Keep your eyes on the big picture and remember that if the Federal Reserve's treasury purchases aren't enough to create massive price inflation in the short-term, they will continue to unleash even larger doses of quantitative easing. Our gut feeling is that we are practically at the point where the U.S. economy is about to overdose on any further quantitative easing. A "Meltup" is currently taking place, exactly like NIA predicted in our documentary 'Meltup' that was released on May 13th (it has now been viewed by over 808,000 people).

We may be forced to soon change our hyperinflation forecast from the years 2014-2015 to as soon as the year 2012. NIA has long been predicting ever since its first documentary 'Hyperinflation Nation' that besides gold and silver, we would see inflation most in agricultural commodities. During the month of September alone we saw huge gains in agricultural commodities like soybeans +9.5%, rice +10%, corn +12%, orange juice +13%, cotton +17.5%, and sugar +19.3%.

All countries are now in a war with each other to have the weakest currency, with the false belief that having a strong currency destroys their export markets. When history looks back to the time period we are currently in, our world leaders (especially our elected representatives in Washington) will be considered the most incompetent and corrupt in world history. NIA's new documentary being released later this month will expose the U.S. societal collapse from a perspective that has never been addressed before by anybody in the media. NIA's co-founders are currently on their way to Kingston, NY, to interview Gerald Celente, the most accurate trends forecaster of all time. His interview in 'Meltup' was widely considered to be the most insightful and eye-opening economic interview to ever be a part of any documentary and his interview in our new documentary promises to be even better.

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