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:
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What about just implementing 20% VAT, also interstate? All of Europe does it, their defincits are tiny in comparison.
How about, in stead off printing money to buy from China, invest in highly effficient production capacity and just make your own? Don’t pimp the (European) frieght lines, just produce domestically.
You can change laws all the time. Raise taxes on multinationals, and don’t allow them to do business on your soil unless they pay the taxes.
Stop buying 2-garage homes if you are a UPS driver or electrician. Don’t live a higher standard than people of your levels in Europe or even Asia.
Tax banking. Tax every single initiated transaction on the trade exchanges.
Not sure it will prevent hyperinflation, but it will make the money less fake, the wealth more real.
I’m pretty sure most UPS drivers and electricians can afford 2-garage homes nowadays.
This is an excellent interview. Williams is one of the few folks looking at the real numbers and telling everyone the way it “really” is. God help us – 2014 is only a few months down the road. The time to prepare is rapidly drawing to a close. Stack – stack – stack.
You can get coins now but as soon as sizable demand hits the silver market the bullion will not be available. That is when the whole COMEX goes caput. They just don’t have enough to handle a large influx of investors into the market. When $million dollar orders are places the SHTF. Sit on that stack.
Great interview…John Williams seems like quite a level headed guy. He doesn’t mince his words. I’d say it’s time to get stacking….and don’t forget the canned goods…
Yep not much time to prepare. Hopefully this economy can stick together till at least March, so most people can prepare for the worst with their tax refunds.
Every time I grocery shop sizes are smaller and prices are higher. I am seeing across the board prices rising. Thankfully I am just restocking what I use from my pantry (10×10 room with wire shelving, deep freeze…). My stack is small but about enough to see me through a year if the SHTF.
It’s interesting that silver has gone from $28 to $34 an ounce with a scant knockdown of $1 today. That is 18% increase in one month. Holding at $33 is favorable. Anyone who got in around the high $20′s is happy today.
Why am I hearing 2 opposite stories?
Martin_Armstrong Podcast today on the Financial Survival Network says there will not be Hyper-Inflation, because the Bond Market will not permit this to happen., and here John Williams says it will.
Who am I to believe?
The only way to find out if hyperinflation will happen after 2014 is to wait. But I believe that it is guaranteed that hyperinflation will happen in the future and then the dollar collapse will arrive. After the dollar collapse, the first 12 hours of it will look like this (watch the video below).