EARLY
STAGES OF HYPERINFLATION NEXT YEAR-JOHN WILLIAMS
Economist John Williams says the
U.S. budget and debt ceiling circus is not the real problem. Williams
contends, “The issue here, very simply, is the long term solvency of the
United States of America. . . This gap based deficit is going to kill us . . .
We are going to be in very serious trouble in this next year, and the global
markets know this is happening.” Williams
goes on to explain, “They are not going to address the long term solvency
problems of the United States. That’s going to trigger a massive decline
in the dollar in the not-too-distant future, and that, in turn, will give us
the early stages of hyperinflation in this next year.” Williams says,
“We’re basically at a point where we can’t kick the can down the road.
This is it. . . . Going forward from here, you’re going to generally see a
weaker dollar, and it will get much weaker. You’re going to have a dollar
panic, but I can’t give you the exact timing on that.” Another potential
problem is a credit downgrade of U.S. debt. Williams says, “If we get
a downgrade here, that would accelerate the process of the dollar selling and
moving us again into the early stages of hyperinflation.” Williams
says you can protect your wealth by holding hard assets. Williams goes on
to say, “If your assets are denominated in dollars and Treasury bonds, those
will become worthless in hyperinflation.” Join Greg Hunter as he goes
One-on-One with John
Williams of Shadowstats.com.
After the interview, Williams said
something very enlightening about the players in Washington D.C. off
camera. Williams added, “The crisis is coming and these guys in
Washington know it, and they are not addressing it.”
Related Posts from John Williams:
http://usawatchdog.com/budget-deficit-exploding-out-of-control-john-williams/
Economist John Williams says don’t be fooled by the new highs on the Dow. Williams contends, “The economy is still in
serious trouble. The banking system is
still in serious trouble. The budget
deficit is exploding out of control.”
Williams thinks the ongoing banking crisis in Cyprus has global implications. Williams says, “You have a precedence set in
Cyprus that they can seize the funds.
They will not guarantee all deposits.
If that’s the case, you may have a much worse crisis than you had back
in 2008.” Williams adds, “The big
problem is the government is insolvent in the long term.” Williams says the U.S. dollar could start
selling off in May because of a deadlock in Congress on the budget. Williams predicts, “The global markets are
looking for the U.S. to address its long term sovereign solvency issues. That’s not going to happen. . . . In response, it’s going to be off to the
races with a dollar sell-off. That could
be the trigger for the early stages of hyperinflation.” Join Greg Hunter as he goes One-on-One with
John Williams of Shadowstats.com.
http://usawatchdog.com/dollar-sell-off-and-hyperinflation-by-2014-john-williams/ Economist John Williams says the latest round
of “open-ended” QE has set the table for a global “dollar sell-off” and
“hyperinflation” no later than 2014.
Williams says, “There’s no way the consumer can fuel the economic
recovery, and there is no way we’re going to see one in the near future.” Williams predicts, “The Treasury is going to
have funding problems, and that means the deficit gets a lot worse.”
Now, there is talk the Fed might
increase the money printing. Williams
charges, “The Fed’s primary concern is to keep the banking system afloat, and
they’re not doing so well with that.”
Williams contends there is 12 trillion in liquid dollar assets held
outside the U.S. Williams says it is
only a matter of time before all the Fed money printing will “trigger a
sell-off . . . and that will provide the early start of the hyperinflation.” You think the U.S. is better off today than
it was in the last meltdown? Not
according to Williams, he thinks, “. . . things have gotten a lot worse.” Join Greg Hunter as he goes One-on-One with
John Williams of Shadowstats.com
http://usawatchdog.com/hyperinflation-is-virtually-assured-john-williams/ The Federal Reserve is talking about
“unlimited QE,” or money printing, to boost employment. Economist John Williams says, “That’s
absolutely nonsense. The Fed is just
propping up the banks.” Williams says,
“You’re likely going to see a dollar sell-off . . . That should evolve into
hyperinflation.” Williams, “Doesn’t see
the current system holding together without hyperinflation beyond 2014.” He contends the real annual deficit is “$5
trillion per year” and says, “That’s beyond containment.”
Williams predicts, “Hyperinflation
is virtually assured because the Fed doesn’t have any options left.” Williams says people should get prepared
because we are facing a “man-made disaster.”
Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.
http://usawatchdog.com/one-on-one-with-john-williams-of-shadowstats/ Anyone who thinks the U.S. is in recovery
should stop listening to the mainstream media and listen to John Williams. He heads up Shadowstats.com, and is one of
the few economists who crunches the numbers to give unvarnished true
statistics. Adjusted for real inflation
of about 7%, Williams says, “GDP has plunged, and we have been bottom bouncing”
ever since the financial crisis started.
Williams says, “The next crash will be a lot worse (than 2008) because
it will push us into the early stages of hyperinflation.” He predicts this will happen “by the end of
2014– at the latest.” Long before 2014,
Shadowstats.com thinks there is a good chance of “panic selling of the U.S.
dollar,” if the Federal Reserve starts another round of money printing (QE3) to
save the system and the big banks.
No matter what Williams predicts,
“There will eventually be a crisis to bring the system down as we know it. . .
. We’re on the brink.” According to
Williams, “at some point, you will see a new currency in the U.S.” The founder of Shadowstats.com sat down for a
one on one interview with Greg Hunter to talk about the mathematical certainty
of a systemic collapse in the not-so-distant future.
http://usawatchdog.com/were-going-to-be-in-a-new-recession-john-williams/ Economist John Williams thinks the economy is
in worse shape than most people think.
In 2013, Williams predicts, “As this goes forward, you’re going to see
we’re going to be in a new recession.”
The Federal Reserve announced last week it is now printing a total of
$85 billion every month to reduce unemployment and stimulate the economy. Williams says, “That’s nonsense. . . .
There’s nothing they can do to stimulate the economy.” Williams has long contended the Fed is really
just using the weak economy to continue to prop up the banking system. Williams says, “If the Fed wasn’t doing what
it’s doing . . . I’d presume you’d be on the road to a banking system
collapse. The banking system is still in
trouble.” Williams warns the
“open-ended” printing of $85 billion a month “. . . will be part of what will
eventually become hyperinflation.” And
if there is no deal on the so-called “fiscal cliff,” then Williams expects
“heavy selling pressure on the U.S. dollar.”
Join Greg Hunter as he goes One-on-One with John Williams of
Shadowstats.com
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Related Posts from http://usawatchdog.com
http://www.forbes.com/fdc/welcome_mjx.shtml Forbes Thought Of The Day:
“ Keep your mouth shut and your eyes
open. ” — Samuel Palmer
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