Thus, we can expect one of two things: either QE3 will be much more expansive than QE1 (and therefore extremely inflationary) or, it will be totally inadequate -- and all of the banksters' Ponzi-schemes (including all Western bond markets ) will implode. Because the banking cabal fears that fate even more than hyperinflation (which also means their own destruction), it's clear that our Banker Masters have made their choice. They are risking (if not inevitably committing us to) hyperinflation, simply to try to squeeze another couple of years out of their Empire of Fraud. So to prepare the Sheep for that scenario they are ramping up their lies about inflation in advance. Meanwhile, halfway around the world, where the Western propaganda-megaphone has a much less pervasive impact, Asian governments brace themselves for this high-inflation Hell. When they hear about half the U.S. corn crop burning in the sun and the other half being burned in the world's most inefficient biofuel program they don't see "zero inflation." Indeed, with the same Western propaganda machine having been shrieking warnings for many weeks about how the U.S.'s worst-ever heatwave and drought were going to devastate corn production, the one thing we know could not be happening is for inflation to take a sudden and dramatic plunge. But note that the propaganda machine was not content to stop there. It also reported/claimed that "the CPI Consumer Price Index rose 1.4% over the year through July, the smallest 12-month change since late 2010." So the U.S. government (and media parrots) are not merely telling us that the "zero inflation" reported for July is some one-month anomaly. It's rewriting history and telling us that there has been near-zero inflation in the U.S. for an entire year now, while John Williams of Shadowstats.com reports 10%-plus inflation, and anyone who eats knows that consumer prices are soaring. Note that this is far from the only recent example of the Revisionists back-spacing through History in order to produce their own made-for-propaganda version of events. As I wrote in my last commentary , the revisionists are also telling us that Iceland's policy of cutting the bankers off of their multi-trillion welfare (and the genuine economic recovery it produced) was just a "fluke."