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March 29th, 2012 
FAKE NEWS for the Zionist agenda 
Kurt Nimmo
Prison Planet.com
March 28, 2012
Federal Reserve boss Ben Bernanke told ABC’s Diane Swayer on Tuesday that gas prices will continue to skyrocket through the summer.
Bernanke told Sawyer gas prices “are a major problem” and he admitted they are “a hardship for lots of people.”
During the interview, he tried to pawn off the fallacy that gas prices are responsible for inflation, which he said will escalate over the next few months.
By inflation Bernanke means price increases. As Ron Paul notes, blame for this can be placed at the doorstep of the Federal Reserve.
“Most economists fail to understand that inflation is at its root a monetary phenomenon,” Paul wrote last March. “There may be other factors that contribute to price increases, such as famine, flooding, or global unrest, but those effects are transient. Consistently citing only these factors, while never acknowledging the effects of monetary policy, is a cop-out.”
Bernanke also claimed the rise in gas prices can be attributed to Iran and troubles in the Middle East. “The Middle East is very unpredictable — lots of things happening with respect to Iran and so on, so you know, we obviously — need to be — very attentive to that,” he told Sawyer.
Bernanke did not bother to explain how the Federal Reserve creates monetary inflation. It is really quite simple. More money equals less value.
The Federal Reserve is currently doing this through quantitative easing – increasing the money supply and flooding financial institutions with capital. Economists note that the problem with this is that although there is more money in the economic system, there is still a fixed amount of goods for sale.
Bernanke “admits he doesn’t understand why the economy is the way it is. Reality doesn’t fit his theory,” writes Zero Hedge. “So, what do you do when you are the head of the world’s biggest printing press, and don’t know what else to do? Why QE3 of course.”
On Tuesday, Bernanke hinted that QE3 may be right around the corner. He said more dilution of the money supply will be required due to vexatious unemployment.
High unemployment is directly related the the Federal Reserve and its engineering of boom and bust cycles through monetary policy. The Fed – as Bernanke has sheepishly admitted – was responsible for the so-called Great Depression and its staggering unemployment. It’s the same today.
Ben Bernanke is simply reading his bankster script, as instructed. If he was sincere, he would admit that rising oil prices do not create inflation. Oil prices are a reflection of a devalued dollar.
In an interview last year, ShadowStats editor John Williams said “the dollar’s weakness is doubly inflationary. It is the biggest factor behind the ongoing rise in oil prices.”
It’s not greedy oil baron in the Middle East or Iran threatening to close down the Strait of Hormuz in response to an attack.
It’s the Federal Reserve and the central banks.
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15 Responses to “Fed Boss Bernanke Promises Record High Gas Prices Through Summer”
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Oh, Bernanke is in the Oil Business now heh ? Got anymore of these great predictions ?
CIVIL STRIKE TIME.
NO GAS MONEY
MEANS NO WORK
MEANS NO FEDERAL TAX REVENUE.
the sage Reply:
March 28th, 2012 at 12:43 pm
That is why you will be “volunteered” into civil work brigades.
Super Duper Man 1776 Reply:
March 28th, 2012 at 1:14 pm
HA HA HA HA
LOTA LUCK DOING THAT.
I WONT LIFT A FINGER.
I love ben bernanke. Everytime he speaks the price of gold goes up.
ha ha….gold going up. He probably has a portfolio full of gold, that’s why he’s so calm all the time. Then again, he could be taking some of those anti-anxiety pills ?
Jrman Reply:
March 28th, 2012 at 3:36 pm
The Fed Res controls approximately 60% of the worlds gold, of course they want it to go up.
Jamie Reply:
March 28th, 2012 at 5:01 pm
Yeah, but how much of it is real and how much is gold-painted tungsten?
The fed is extracting more wealth out of us…what little is left.
Its the false interest rates that the FEDS put upon this country and the people thats causing the inflamation
Bernanke is clearly a con artist, and the debt-based money system he fronts for must obviously be replaced with the sort of debt-free money system advocated by such monetary reformers as Ellen Brown, Byron Dale, Bill Still and Stephen Zarlenga.
However, if “dollar devaluation” is — as the privatize-everything Austrian School has been insisting for many years now — the primary if not sole cause of any increase in fuel prices, does that mean the private banking cartel ceased its policy of dollar devaluation in July 2008 and began magically *increasing* the value of the dollar over the next several months?
If not, then why, on December 21, 2008, was the price of oil less than one fourth of what it was five months beforehand?
You can’t have it both ways. If the value of the dollar is, by definition, the primary determining factor of fuel prices, then that means there had to have been a *reversal* of dollar devaluation during the five month time period in question.
Is there any evidence of such a reversal?
If not, then PLEASE STOP INSULTING EVERYONE’S INTELLIGENCE by suggesting or implying that price-manipulating oil speculators and artificial scarcity-creating oil barons play only a minor role (or no role at all) in determining fuel prices.
For more on this, google the following and click on the first link:
“Is there a causative link between oil speculation and fuel prices?”
I would think there’s a link between the Federal Reserve manipulating Oil Prices ! Amazing, if you can’t get it from the taxes, steal it at the pump !
Dandroid Reply:
March 28th, 2012 at 5:30 pm
Steal it via inflation!
Its funny…..well not actually funny but here they .(the fed) using phony monopoly money that has no real value. And using this play money they create with no loss in their pockets. To buy real things such as silver,gold,land, governments and so on! The only place ol’ bennie boy belongs is his head on a pike as a real reminder of this is what you get when you mess up peoples lives. This dude is pure raw evil, this ben bernake. How is it that if people know that this so called money has no real value. Then why is it that companies deal with it? Dont they realize that one day their bank accounts could have this money and the next day. The only value its worth is to wipe your ass with?
What a shame you can’t just print more oil, because that would fix it.