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.


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  1. I am in the process of reading “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown”. I highly recommend the book as it addresses the issues in this post and that fact that we are facing economic disaster in the near future.

    • I have about a years worth of food, I won’t eat like a king but I won’t starve either! I need more wheat for bread making, I share with friends and they dropped me to 200 pounds.

    • The dehydrated noodles last forever. A case of Maruchan Noodles only costs a few federal plantation scripts. I hope we can hold on/out long enough to implement phase II ! As they say – hope for the best but plan for the worst! Changed my mind and edited this post. It’s not that I’m paranoid, It’s just that everything online IS being kept by… them.

  2. We never left the recession so this is just going to be a continuance of the one we are already in. We need to do a banking system reset and just get it over with. So what if it kills some of the rich who think they are wealthy because their stocks and bonds say so.

    • “So what if it kills some of the rich who think they are wealthy because their stocks and bonds say so.”
      Well, this is what.  Money always goes to where it is best treated.  These days, billions of dollars move all around the world via a few mouse clicks.  If the US becomes a place where large financial losses are met with a “so what” attitude, then every drop of mobile capital will flee this country and we will be in a world of s**t, totally unable to build, grow, expand, hire, create, etc. This was the final nail in the Weimar and Zimbabwe coffins.  Let it not be the final ones in ours.
      All of economics is based upon 3 things:  land, labor, and capital.  None is more important than any other. While all three are necessary, none of them and no two of them are sufficient for a thriving economy.  No capital = no economy.  If there were any savers left in the US these days, this might be different in that they could fund a small but growing economy.  Unfortunately, we have gang-raped the savers of the US via the Fed’s near zero interest rate policy coupled with the Gov’s policies of taxing capital formation.  It no longer pays to save anymore, so most people consume all they earn.  There is no huge pool of savings to power the US economy.  Capital to build a nation and its economy HAS to come from somewhere, however, and that somewhere is from investors, both foreign and domestic.  I suggest that screwing them financially is something that any nation does at their peril.

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