USA WatchDog’s Greg Hunter has released an excellent interview with ShadowStat’s John Williams regarding the consequences of the Federal Reserve’s latest plan of ‘unlimited QE,’ or money printing, which Fed governor’s have stated is needed to boost employment.
Williams states, ‘That’s absolutely nonsense. The Fed is just propping up the banks’. Williams goes on to state, ‘You’re likely going to see a dollar sell-off . . . That should evolve into hyperinflation.‘
The ShadowStats Economist states he, ‘Doesn’t see the current system holding together without hyperinflation beyond 2014.‘ He argues that the real annual deficit is ‘$5 trillion per year’ and that the US annual deficit is ‘beyond containment.’
Williams believes, ‘Hyperinflation is virtually assured because the Fed doesn’t have any options left.’
Full Interview below: