“We are facing a terrible crisis… In terms of the Fed (getting control) and the long term solvency issues, these are death knells for the dollar. Unless those are addressed, you are going to see massive selling of the dollar, a debasement of the dollar and high inflation that will lead you into hyperinflation…”
After the BREXIT the path for the US Dollar is even more shaky as the EuroZone is fighting to survive in it’s current state.
Is the death of the pound sterling and the US dollar on the doorstep?
In the interview below, John Williams warns We Won’t Get Through The Elections Without Major Disruptions To The Finanical System…
Despite happy economic reporting from the government, ShadowStats’ John Williams warns that underlying problems from the crash of 2008 were never addressed, leaving the United States in a recession papered over by sleight of hand and a workforce redefined out of existence.
“Holding gold is the best way to weather the storm that is coming when the fundamental weakness of the stock market and the U.S. dollar becomes apparent,” Williams tells The Gold Report.
Rosy GDP numbers may have cheered the masses, but John Williams of ShadowStats.com says we’re a long way from prosperity, and warns to prepare for a downhill run for the dollar in 2015.
In this interview with The Gold Report, Williams debunks the myth of economic recovery and warns that we still have serious debts to settle.
That is why he is recommending caution in 2015 to preserve purchasing power and maintain your standard of living.
Economist John Williams says if Russia sells its U.S. dollar holdings it could trigger hyperinflation. Could it collapse the financial system? Williams contends, “Yes, it certainly has a potential to do that. Looking outside the United States, there is something over $16 trillion dollars in cash or near cash. That’s about the same size as our GDP. If the rest of the world believes this is what’s going to happen, people who have been wanting to get out of the dollar for some time very easily could front-run the Russians. The scare is on. People will try to get out of it as rapidly as they can. We have not seen an economic recovery. We have not seen a return of health to the banking system. So the system is very vulnerable and if the Russians carry through with their threat, you have indeed the risk of it collapsing the system.”
On the overall economy Williams says, “It is rolling over and the numbers are starting to show we are starting into a new recession. Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.
Economist John Williams thinks 2014 will mark the beginning of hyperinflation. Williams contends, “You are going to see, early on, a crisis in the dollar that will start to trigger the inflation . . . as the inflation picks up, that’s going to savage the economy, which is already in a depression. It never recovered.” Forget what you have heard about the so-called recovery. Williams says, “The consumer is in trouble. There is nothing happening to turn the economy around.” The weak economy is bad news for the dollar. According to Williams, “Anything that would suggest deficit deterioration here, and a weak economy would do that, will have a devastating impact on the dollar.” And if foreigners start selling some of the 12 trillion U.S. dollar based assets, such as bonds and currency, things will turn ugly fast. Williams says, “We’re dependent on the rest of the world continuing to go along with us and continue to support the dollar. That’s not going to happen.” So, the big question everyone is asking is when will the buck take a hit in value? Williams says the dollar will likely begin selling off before the middle of this year, and he adds, “It’s really going to be a currency panic . . . when the fundamental selling pressure really starts to pick up, when the selling gets heavy . . . in turn, the weakness will be seen in a spike in oil prices and a spike in gasoline prices.” Williams says there will be a panic out of the dollar and he predicts, “Once you see a massive sell-off here, I see the game as being over.”
Don’t fall for propaganda from the Federal Reserve about tapering quantitative easing, says ShadowStats editor John Williams in this interview with The Gold Report.
His corrected economic indicators show the U.S. is nowhere near a recovery and the Fed will have to increase rather than decrease bond buying to prop up the banks and push off inevitable dollar debasement. That could be very bad for savers, but good for gold.
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.
There is no economic recovery, and there are no signs that a recovery is coming, says Shadowstats.com author John Williams. In this Gold Report interview, Williams blames mal-adjusted inflation statistics for creating an alternate reality that overestimates economic activity in a way that is unsustainable. Williams warns that eventually the painful truth will be so difficult that even government manipulation won’t be able to deny it and that is when hyperinflation will take its toll on those who have not taken his advice for preserving purchasing power and securing wealth.
Shadowstats’ John Williams’ full interview on how to survive the illusion or recovery is below:
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.
FutureMoneyTrends has released a MUST WATCH one on one interview with Shadow Stats’ John Williams discussing the Obama administration’s blatant manipulation of the unemployment numbers, and the coming hyperinflationary economic collapse.
Williams states that hyperinflation is just around the corner, and that “The President and Congress you have now is the one that will see hyperinflation, we will not have another election to fix this.”
Full interview below:
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. The Treasury is going to have funding problems, and that means the deficit gets a lot worse.”
With the recent talk that 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. and states 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.
QE∞ is here and ALL substantial dips in gold and silver MUST BE BOUGHT.
QE3 has not even been in effect for 2 weeks and the San Francisco Fed’s John Williams is already stating that the counterfeiting…er…quantitative easing may need to be expanded beyond mortgage backed securities.
Perhaps after purchasing every MBS on the market with newly printed money the Fed can buy up every tungsten filled fake gold bar from China Tungsten-Alloy.com and properly saturate the gold market, thus inflating gold stocks as quickly as the fiat dollar.