http://usawatchdog.com/u-s-economy-plunge-stagnation-turning-down-anew-john-williams/ John Williams, founder of Shadowstats.com, points out there are more than trillion liquid dollar assets...
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Truth & Transparency = A Stronger Democracy
I know you were trying to explain it at a low level, but the price of gold
in US Dollars is ultimately meaningless in a currency collapse. What
matters is what gold or other alternatives will purchase compared to US
Dollars. As I tell everyone who’ll listen, prepare for the day when the US
Dollar buys *nothing*.
Statistics have shown us the economy was gonna crash since 2007…. Here we
are 7 years later with a Dow near 17,000 and climbing… We can’t go by
statistics anymore when they MANIPULATE EVERYTHING to fall in THEIR
favor… The ONLY thing that’ll crash this economy is when the world ceases
to trade oil in US dollars.
Understand that free market forces are even larger than any central banks
ability to distort them. At one point IT WILL be the market which
determines fair market value for these assets and that will be the game
changer of them all.
The real economic news, from a real journalist. J.D. Salinger would be
proud. No phoney stuff here.
I can not wait till we find out who the private shareholders are that
control the Fed and our dollar. I think when we find out it’s going to be
like that Darth Vader moment “I’m your father…. Nooooooo!” LOL! Anybody
have any thoughts/predictions on who (as George Carlin would say) are our
owners?
Just think for one minute – if we did not have the likes of Greg Hunter &
others –
telling it ‘ JUST LIKE IT REALLY IS ‘
The vast majority of those who want to know the real truth – would be at
the mercy
of the charlatans in the Main Stream Media who pose as legitimate news
broadcasters.
ONCE AGAIN – A BIG THANKS TO GREG HUNTER & HIS TEAM.
Ok idiots vote for Obama for 3rd term
You have to be asleep to see the recovery. That the problem must people are
asleep.
I think your point of view is wrong. They’re not saving the banking system,
they’re in a full attack mode on the middle class, they want to create two
tiered society, 1% and 99%, this is just means to an end. As Max Keiser put
it, it’s an interest rate terrorism, or interest rate apartheid. Economists
either are not fully aware of what’s going on, or are paid not to report on
the full picture
NEWS FLASH ! All major TV channels report that 110 MILLION Americans now
receive government assistance !
This is higher than the TOTAL of private sector (“productive”) full-time
employment . Add to this the NON-productive PUBLIC sector jobs (ie: jobs
which produce no new wealth, just “shuffle” the existing wealth), including
military, and you have a
WELFARE NATION, POPULATED BY ECONOMIC SLAVES. Can this situation continue
? NO – THE HOUSE OF CARDS WILL FALL !
silver, gold & how about ammo? ammo might as well be as good as silver now
It’s kind of a minor point considering what we are talking about the
overall trend, but that last line going down looks like a artifact from
calculations. Sometimes with time series charts you get that but it doesn’t
really reflect whats going on, its just a distortion from charting thing.
Look at the start of the graph you see the same thing.
sincere thanks for all you do, all the efforts made & the selfless work on
the public’s behalf. Greg, you’re super! & Mr. Williams, too….. always
a great guest.
And there it is. We have a run away Federal Reserve who is relentlessly
printing more and more dollars out of thin air in an environment where
there is shrinking demand for them. You do not need to be a rocket
scientist to figure out how this will end. Excellent interview!
John Williams went out on a limb a couple of years ago, like Jim Sinclair
(different kind of a call), and said we would have hyperinflation already
by now. There are many other “gurus” that make calls a few years out so
that when that time comes, nobody will remember their call. NOBODY KNOWs
WHEN, but somehow us gloomers eat up and beg for specific predictions of
financial storms. Hope for the best, prepare for the worst, and stop trying
to look into crystal balls.
A timely interview Greg Hunter. Over here in England financial journalism
tells us that interest rates will not rise until the FED moves. Can you
source a guest that can offer insights and futuregaze BOE, FEDand ECB
policies and planning? Please consider programming a USA Watchdog Special
on the destiny of derivatives!
Being just a commoner, I am just about out, but I have it easy. This
generation is so tied to “keeping what they have” struggling with gasping
breath just to preserve their wealth, they are so confounded they are
following their coarse of sorrow. They don’t see the fuse is already lit.
When the markets inflate it won’t just be a bubble that just”pops” it will
be a hydrogen bomb. Exploding and imploding wiping everything out. Your
retirement accounts, bank accounts all sorts of financial instruments and
what will the end be thereof? VIOLENCE, EXTREME VIOLENCE. Why do you think
the “elites” backing and are promulgating this foreign invasion? A massive
police state? A great diversion tactic while slipping out the back door or
rather their underground sarcophagus with your transferred wealth, sucked
into their hands. Prepare for survival.
I have no doubts there will be a financial crash, it is an unavoidable
Cassandra prophecy.
But I do have obvious questions that just won’t be answered.
It’s a deliberate lie to say the wealthy are the job creators, or the
saviours of economies, but the question which is never answered; what is
the benefit of giving more money to the rich?
The next obvious question, tied to the first, why are American politicians
conspiring to destroy America by not regulating (preventing) criminal
financial dealings? What happened to self preservation?
can you stop fear mongering…
I bought 4oz of gold yesterday at $1308 & bunch of silver at $21 an oz.
Wife was livid and reminded me of my last purchase of silver at $42 an oz
so I slept in guest room. I’m literally in the doghouse. I woke up this
morning to find out gold has dropped 10 points to $1297 an oz. I’m like
George Costanza, I need to start doing the opposite of what I think I
should do. My only shot of getting laid now will be if the entire economy
collapses. :(
Greg –
Most of your viewers are stackers who have a non- trivial percentage of
their personal wealth invested in “physical” gold and silver.
It would have been great to have gotten John Williams opinion of the shares
of the gold and silver miners. In other words, is it desirable for
investors to also have a small position in the shares of the miners ?
I have “never” heard any interviewer ask this question of his guest.
Great interview Mr. Hunter! I’m sort of thinking that the public won’t
start selling even if the 2nd quarter GDP comes out negative. All the fed
has to do is lie to the public like they always have. They’ve been fooling
the majority for 6 – 7 years now. I kinda don’t believe that one more bad
economic report will have any major impact.
*+Greg Hunter** with:*
John Williams-Terrible Currency Crisis Ahead
I see some “unusually cold summer” comments coming in our liar media
future….
$100,000.oo gold compared to today’s price, is the same thing as comparing
gold in the 1930’s to today’s price. So, it’s not a preposterous idea, it
has already happened, just slowly before.