John Williams: Hyperinflation Will Start in the Next Couple Months
Posted by admin in Finance Thursday, 24 March 2011 08:32 25 Comments
More at www.SHTFplan.com John Williams of Shadowstats has repeatedly warned that our economy is not doing as well as some would have you believe. From unemployment to GDP to current and future liabilities, there are fundamental problems that will not be resolved anytime soon – in fact, they’re likely to get worse. The end result according to Williams? A hyperinflationary depression. More at www.SHTFplan.com
She invalidates his research by laughing at him. We can all see this way of treating experts when we watch the news and these people that “read” the news. I think this guy is on target. He has nothing to gain from giving us this information.
America Under Siege – Revelations (On Facebook) – Yes we are definitely seeing an affect on our prices….the dollar is reaching the lows that he discussed….food and gas have climbed drastically. China is now heading towards trading only in Yuan with their closest trading partners. Get ready for some massive changes in our way of life…short term at least.
OMG…..He states in this video (late 2010) that the inflation’s going to start within a matter of months & that it will start to be noticed in gas & food prices…..
John’s prediction & timing was dead on…..I’m getting pretty afraid for the ramp up that he says is coming after. Scary
I wouldn’t fight John over a jelly donut! No way!
she is such a stupid cunt
@mphello
Also, Volcker now left…….. there is no hope.
@misterman6000 yes deflation would certainly put the US and a few other countries in a position of default. About the only way the US could get out of such a position…if possible at all…would be to use hedge funds to take down other currencies and thus maintain some viability for the US dollar.
@librazone Hi, you are correct in much of your analysis; but, you must remember that for deflation to boost the value of paper money you must look at the fiscal position of the country experiencing the deflation. deflation will kill an overleveraged society and goverment. With wages and tax revenues falling, the government will not to be to service its bond payments; it must default or print. Either way the US dollar is dead
Everyone seems to make funny of this guy’s physical attributes; but he is correct on the fiscal position of the USA; we are bankrupt, point blank. When the dollar will collapse?? who knows? But with Gold, oil, sugar, wheat, copper, and silver rising it is probable not long. But keep believing the government’s bogus CPI numbers
I like John Williams
But he should lose some weight
We want him to check on the government for many more years to come
@rev66blessu i bet she got silver coins…
To the idiot male commentator at 4m37s: that’s because Volcker was freakin’ “liberal” relative to all the rightwing Wall Street free-market extremists.
Bankers and CEOs want to make NO sacrifice or tough choices. Never.
All these libertarian-style pundits go on about financial abuse by government.
But, do they EVER criticize the military and NSA and “defense” spending? Never. They are cowards.
The second major problem is all of the toxic derivatives which are held by major banks. These must be dealt with and hence we have Bernankes quantitative easing which is merely a pretty term for the writedown of toxic assets namely by JPMorgan.
These are the two major problems which are at odds and so we have either inflation or deflation depending on which problem we wish to attack. Can they choose the middle ground indefinitely? Perhaps for a while longer but debt is still growing everywhere.
Can they stop the collapse of the american dollar or better yet can they decrease the rate of decline to a level which would be acceptable from a socio economic view. My view is that there are two major problems … one is the lack of growth or GDP upon which the soundness of any economy is based. The US is in big trouble on this one and it would appear that there will be very little solid GDP growth until wages in China and India start to attain parity with levels in the west.
There is a big difference between inflation and hyperinflation. Inflation is certainly in the cards…is happening now and will increase in the not too distant future. People can live with inflation at least for a little while. The government is well aware of just how much the over all populous will put up with. At a certain level of either inflation or deflation they must reverse course or else there is risk of dangerous events within our society.
@librazone You should also google “The Real Reason Paul Volcker Wants Out” – that article is a must read.
@librazone The evil elite aren’t divine and they’ve made a serious miscalculation here. There’s simply not going to be a way for them to control every aspect of this once those floodgates break open from the dollar’s collapse. The only chance for a soft landing would be a return to the gold standard, but that will send gold and precious metals prices through the roof, which will allow everyone to see how much they’ve been cheated. If they keep printing money, the reckoning will be worse.
Normalcy bias
@WreakingHavoc1 Who’s defending the fed? I dislike both Geithner and Bernanke and the reserve more than anyone you wud ever meet. I’m only trying to explain why there will not be hyperinflation. If you think the powers that be wud allow commodity prices to double every few months forget it. We wud have revolution in our society. They don’t want another Egypt scenario here in america. I lived through inflation in the late seventies and that was horrendous…hyperinflation? I cannot even imagine.
@librazone What all you idiotic defenders of the Federal Reserve fail to notice is that the dollar is still the world reserve currency. Why does that matter? Well, it matters because of the petrodollar status – the fact that almost every other country in the world has to first purchase dollars and then use those dollars to buy oil with. This gives the dollar a de facto backing of oil. Remove that, and then you will see hyperinflation rear its ugly head, and rather quickly.
It could happen. Just type in zimbabwee; they had hyperinflation for many years. They had to abandon their currency and started using the US dollar. Their economy began to stablize but then in 2009 they went to a different currency.
She is ok retards.
She let him speak and her laugh was friendly with no irony intentions.
Hyperinflationary blow me idiots.
@pilates21 I know, I work in the food industry and I am amazed on a daily basis when my customers are completely shocked to find out their costs just went up 20-30%. They really have no freakin’ clue. I want to laugh in their face!
Wow, those interviewers haven’t got a clue. Scary to think people really don’t know whats going to happen soon.