Yesterday, NIA announced its top 10 predictions for 2011. Our top 10 predictions for 2011 come after our wildly successful top 10 predictions for 2010, which saw many of our predictions come true!
Perhaps our biggest long shot prediction for 2010, which didn't come true last year, just came true today (5 days late)! Paul Volcker just announced late this afternoon that he is stepping down from his role as Chairman of President Obama's Economic Recovery Advisory Board.
On December 21st, 2009, NIA released its top 10 predictions for 2010. Our #10 prediction for 2010 was, "Paul Volcker Resigns".
In this report, NIA said, "This may be a long shot but Paul Volcker, Chairman of President Obama's Economic Recovery Advisory Board, could become frustrated with the Obama administration and resign in 2010. Paul Volcker, as former Chairman of the Federal Reserve, was responsible for getting our economy out of the inflationary crisis of the 1970s by raising the federal funds rate up to a peak of 20%."
We went on to say, "With interest rates currently being held by the Federal Reserve at an artificially low level of 0%, we believe Paul Volcker must know that a currency crisis is coming that will make the inflation of the 1970s look miniscule. If Paul Volcker wants to preserve his reputation and legacy, he must leave the Obama administration, which is unlikely to seriously consider any of his advice."
We are the only organization in the world that made this prediction. In our opinion, there is a good chance that Mr. Volcker is a member of NIA and decided to step down 5 days after the end of 2010 on purpose. Most likely, he didn't want NIA's prediction to come true, so he stuck it out until a short time after the year was over.
We would like to take this opportunity to officially announce the launch of the new NIA blog! The NIA blog will be the Internet's best resource to check on a daily basis for all of the most important information about the U.S. economy and inflation.
Please check out our new blog immediately at: http://inflation.us/blog
We just posted some very important new information about food price inflation. NIA's outlook of massive food inflation in 2011 is already coming true. Despite the Federal Reserve claiming there is no inflation and the BLS reporting only 1.5% year-over-year food price inflation, there was a new very important report just released today that shows nominal food prices having just reached a new all time high! Be sure to check out our blog immediately for more info.
Please visit our blog at least once a day to be kept up to date with all of the information you need to know to survive and prosper during U.S. hyperinflation.
It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at: http://inflation.us
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