John Williams, founder of ShadowStats.com, says, “The big factor here is the U.S. dollar and all sorts of things that impact that. The economy is probably th...
Video Rating: 4 / 5
GoldSeek Radio's Chris Waltzek talks to John Williams of Shadowstats http://www.shadowstats.com/ http://www.goldseek.com/ http://radio.goldseek.com/
Video Rating: 5 / 5
We’ve been coming to the end game for decades… its going to happen
eventually… maybe 2025..
Why do people continue to give credibility to an operation like Shadowstats?
Charts on his website show that from about 1990 to 1999, annual inflation
is in a straight line from 5% to 10%, and since the late 90s the inflation
rate has been around 10%. But if you consider what differences like these
imply over long periods of time it’s simply implausible. Over a ten year
period, a 10% inflation rate instead of a 2.5% inflation rate means prices
would have increased by an implausible 159% instead of 28%. If inflation
was going up this fast, real GDP would be plummeting and the unemployment
rates we’ve seen over the last decade are far too low to be consistent with
this.
QE Has Never Stopped…
What must be understood is the only “job” of the markets is to determine
fair market value. When central banks use “extraordinary measures”
attempting to interrupt this mechanism, massive and dangerous distortions
occur which at one point will be “corrected” by free market forces.
Thanks a million Greg. Your show is the only news program I look forward
to. Always an excellent program,
I had a dream last night, it showed all of the criminals in the district
swinging from trees. All police had their weapons glued to hips and
couldn’t fire upon the people…oh, it was a wonderful dream! As I was
waking the last thing I remember was seeing all the banksters/wall street
crooks jumping from the 66th floor.
The dollar will most likely rally through next year and through any coming
chaos. Not until they announce another round of QE will the dollar come
under serious pressure.
No country on earth is near ready to compete as a reserve currency. It’s
developing, but still years off. All imo….
I always thought this guy had good (and valid based on real numbers)
points..but this interview is tough to listen to.
1. kinda mumbly and just not focused (or whatever his trouble is)
2.the audio sounds like he’s underwater.
Im not really sure that I got anything from this one greg. 17 mins seemd
like 38 minutes..and its still not over.
John Williams, is hyperinflation delayed until next year?
John Williams, get a new microphone.
I respect John Williams analysis but I think the question we need to ask
here is if there’s going to be a panic out of the dollar to where? There’s
no other currency that can absorb that sort of inflow of capital, the Euro
is ugly so is the Yen, and the Yuan isn’t open to capital markets, so the
economy is stuck with the dollar whether they like it or not, I think this
economy has been globalized to the point where fundamentals just don’t
matter any more, they’re able to manipulate the whole global economy…
there’s just nowhere for these bubbles to escape to.
This is TOTAL horse crap brought to you by people that OWN gold and are
losing. Another chicken little trying to invoke fear into people so that
they can profit off their gold holdings. The American dollar IS the worlds
reserve currency folks, and will remain so. We now only import 6% of our
oil and soon will be totally oil independent. Fusion is coming. America and
the stock market are well positioned for future growth. Don’t let these
doom and gloom aholes fool you.
In 2008, Paulson and Goldman Sachs et. al were not going to support Dick
Fuld at Lehman Brothers, period, amen. Bailouts and workarounds had
already been facilitated for Merrill Lynch and Smith Barney. They weren’t
going to rescue Fuld once Barclays backed out of a last minute deal to take
over Lehman’s. Wall Street didn’t WANT to help Fuld because he was an
arrogant (fill in with your favorite expletive)
Ironically, or, more to the point, ignorantly, once Lehman went down all
the investment banks holding worthless derivatives, CDOs and other funny
money created during the real estate bubble, had to declare their losses.
That required “settling up” on gains and losses on these securities. To
admit the true picture of paper losses would have caused the system to fail
overnight.
Instead, immediately after Lehman crashed, the SEC and the Financial
Accounting Standards Board suspended rules to “mark to market” valuation of
derivatives that require recognition of gains and losses. The effect
allowed holders of these securities to not report them on their financial
statements and treat them as “off balance sheet” holdings.
The $1,250,000,000,000,000 ($1.25 quadrillion) in unsettled derivatives,
credit swaps and interest rate swaps from that period still haunts and
hangs over the world economy. The Western financial system is bankrupt.
The frenzy of “quantitative easing” by the Fed and the Central Banks of
Europe and Japan has been an attempt to provide liquidity to the system and
rebuild bank reserves. All it has accomplished is life support. The US Fed
has, via it’s printing press, disbursed $2.284 trillion in new money since
August 2008. Still, no healthy recovery of the US economy or gains in the
labor participation percentage have occurred.
The fundamental wreckage of 2008 remains. All we have seen since is a
mirage instead of reality. No responsible leaders have attempted to
resolve the issues. We live in a fantasy that “all is fine” and “we’ll
work our way through it.” Well, no one has worked on it. They have just
thrown a blanket over it and tried to ignore it.
However, once the value of fiat currency is debased to the point that it is
no longer accepted in international trade, then it will be game over. The
dollar is losing its reserve status as international transactions are using
it less for conversions on payments between themselves.
The Saudis are accepting payment in other than dollars. The BRICS nations
are coalescing around a “market basket” approach to currencies excluding
the dollar in order to facilitate trade settlement. The Euro is on its
back and Germany is looking East for partners and will probably accept the
market basket approach reluctantly but out of self-preserving necessity. .
Like it or not, the day of reckoning is fast approaching for the dollar and
the results will not be pretty. The madness of the Keynesian “injection”
of mass quantities of dollars has failed. All it has done is expose The
U.S. Government as a “Ponzi” scheme that is so large that its magnitude
would leave Bernie Madoff breathless.
Another great interview Greg! Just wish he’d back off about his hyper
inflation theory by the end of the year.
You CAN crash more than a 100% through derivatives, leverage and naked
shorts. One example is if you are long the S&P on a leverage of 10 to 1 and
it drops by 20% you lose 200% of your capital.
Multiply it by all the leverage in the system and your are in the twilight
zone of more bets in the system than what the entire world produced,
invested and consumed for the past 10 years and possibly even more than
everything humanity has accumulated as capital stock from now adding up all
the way back to when the first human stood up.
EDIT – Oh yeah by the way, the Fed alone is leveraged up more than 70 to 1.
How is that for crazy. Do you know why interest rates can’t rise and bond
prices can’t fall now?
John Williams is at the top of my list of financial experts I trust. He is
criticized in some of the comments for having made forecasts that did not
come to pass, but we all know there are those in power who can pull the
trigger on events an can therefore tweak the timing of those events. Mr.
Williams has demonstrated courage by sticking his neck out to warn the
public of what is to come. Thank you, Mr. Williams, and thank you Greg for
having him on!
The objective is not to the control the war, it is to control the debt that
the conflict produces. You see, the real value of a conflict, the true
value, is in the debt that it creates.
You control the debt, you control everything.
You find this upsetting yes?
But this is the very essence of the banking industry.
To makes us all whether we be nations or individuals slaves to debt.
Government spending is included in their GDP figures, which is why it is
pretty much meaningless to look at the core number without looking at the
breakdown of how it was calculated. Plus, every time they come out with
GDP, it usually is way off, and the market has to wait for the revision to
see the more accurate number (from the previous period).
Just wait til they find (plant) the Ebola virus on our currency. That will
be the panic away from the dollar into a digital currency. Maybe we should
go back to using real physical silver for money which is a natural anti
viral metal. Why do you think they used it for eating utensils? We still
call it silverware even though it isn’t real silver.
I’ve been expecting something to happen for 3, 4, 5 years now and so far
the big event hasn’t happened yet. Now I’m getting a little more concerned
with the stock market slump, the world economy slowing, and now this Ebola
in the United States and the fear and panic it may bring.
Deflation will remain for a few years and they will print and print and
print….then they will be calm a false sense if security that print print
saved the hour….then all the piles of cash will flood the world and the
US dollar will bend over as its coming home…..chaos tumult…the NWO will
begin….
Sci-fy sound effects in Mr. Williams sound track brought to you by the
banksters and bleedership.
Is it me or is his voice really hard to understand?
This fellow describes deflation without realizing it.
This a second video with a terrible audio recording,
Greg, can You sent Mr. Williams a new mic for Christmas
The CFR(council on foreign relations) put out an article today that
suggested the Federal Reserve just send a check to each US citizen.
Hmmmm………..things must be really on the edge of collapse. We need 1.
Debt forgiveness for all people in the world. 2. Bring back the Glass
Steagel act 3. Have US treasury put out money that is backed with
gold/silver. 4. Stop all banks from charging interest on loans it was
illegal in the past history. These steps would stop the horrors that are
soon to be upon us in the world. Europe will crash first they are charging
-.1% interest now. Japan will be next to crash then China and Russia then
the US. So the US will do better than the rest of the world in most of this
mess.
Nothing negative to say about reverse mortgage. Your home is not a piggy
bank or necessarily to leave to someone else. However, that reverse helped
keep the roof overhead until time to sell and was able to buy another roof
in cash, so do not knock the tool, just use the right hammer
So it will be painful for us, the American people, the peons, the workers,
the victims? Shouldn’t most of the pain fall on the bastard bankers,
elites and politicians that caused this mess? They should end up the
poorest of our country when everything collapses. All of their wealth
should be stripped- the Rothschilds, Rockefellers, Morgans, Bushes- all of
their property and gold etc. should be seized.
Mr. Waltzek makes a valid point about import tariffs. If they are imposed
it will mean foreign countries will buy less U.S. debt. It would make more
sense to balance the budget so China and others can use its U.S. dollars to
buy our private sector goods or invest with uninflated dollars. This would
allow the comparative advantage of trade.