Posted on 01/29/2013 3:37:58 PM PST by blam
John Williams Forecasts U.S. Dollar Hyperinflation Before End Of 2014
Economics / HyperInflation
January 29, 2013 - 12:46 PM GMT
Anybody who thinks the U.S. is in a so-called recovery isnt listening to economist John Williams. He contends, We havent had a recovery and were not about to have one, and its getting worse. Williams says its because, The consumer is in very serious trouble. . . . The average guy is not making it. His income is not keeping up with inflation. As far as Congress getting the budget and debt ceiling under control, Williams says, Both sides are faced with devils choices.
If Congress does not get its financial house in order by the new deadline in mid-May 2013, Williams predicts, It will be the end of the road . . . . They are not going to have another opportunity . . . they are pushing the limit as it is now. Williams says he expects, . . . a negative reaction in the next 3 or 4 months to the dollar. Williams adamantly calls for hyperinflation to the U.S. dollar by the end of 2014. Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.
See the video here:Dollar Sell-Off In 4 Months
Oh yeah?
Well Williams is a racist who just wants to see a black man fail.
/sarc (?????)
John Williams and Shadowstats have been forecasting hyperinflation at least since I first read him about five years ago.
Well the Fed has pumped 2-3 trillion into the economy and guess what NO INFLATION.
An please don’t even think about how prices for things are going up all around us - that is NOT monetary inflation, which is what Williams is talking about. Increasing prices are primarily due to supply and demand, less supply of corn higher prices, but not monetary inflation.
Lurking’
Hyperinflation can’t happen until the dollar loses it’s reserve currency status...of course that’s just around the corner, too.
Obama’s Marxist revolution remains well on track.
First, bankrupt the country; next, declare Martial Law; then suspend elections and, after that, it’s Katie bar the door.
or at least until their is a better alternative to the U.S. dollar. The Euro is worse than the greenback. The Japanese yen is no better. Would you trust the Russian ruble or the Chinese yaun?
The Fed has bought mortgage securities from banks and treasuries from politicians. That raised some commodity prices and put a floor under home prices but didn't do much for consumer demand. Mostly the inflation by the Fed is getting exported to various places. E.g. the Chinese who want to export to us have to print up their currency to keep pegging it (more or less) to the dollar. So their prices rise, not ours.
I think they're all doing the same thing as the Fed!
As an alternative currency to the US dollar, Euro and Yen, I'd look to silver and shotgun shells.
Hyperinflation will be just in time for the next Republican administration. I’ve been saying it has been coming for 6 years now...as a 2.5 GPA Econ major I am beginning to doubt myself...
Yes. No one can predict when hyper-inflation will start. The Fed has created the conditions under which hyper-inflation could occur, but it only happens when hundreds of millions of citizens lose faith in the purchasing power of the currency.
Lots of people are talking about that, but it hasn't really happened yet. No one can say when it will; though conditions are ripening.
Wow...an actual cogent thought... thought I disagree with the second part...
There is no currency being used by any country in the world that is able to replace the US Dollar as the reserve currency...China is still 10 years away from being able to handle it though their banking system...
(LOL) Your doubts are justified...there won't be another Republican administration.
you said
“ no one can say when it will(start)..”
well the ppoint of the article and evidently the point of John Williams life is to say it’s starting..... soon, which is what he’s been saying for at least five years.
A lot of people have made some wrong investments listening to this guy.
And just how does a “hyper” increase in the amount of dollars in circulation (the definition of inflation) relate to “when hundreds of millions of citizens lose faith in the purchasing power of the currency”???
How do all those disillusioned folks cause more money to be circulating in the economy - ‘cause folks are damn disillusioned now and the velocity of money has been falling like a rock for two or three years = that’s what’s called DEFLATION!
Lurking’
Show us all the pricing data you collect. What, you don't collect any? LOL!
Just subscribe to Shadowstats and I'll make up a number for you. And a scary (funny, actually) chart.
John Williams composed some of my favorite movie scores...
Star Wars
Saving Private Ryan
Jurassic Park
Didn’t care much for his work on E.T.
John Williams composed some of my favorite movie scores...
Star Wars
Saving Private Ryan
Jurassic Park
Didn’t care much for his work on E.T.
Woo-hoo! There goes the mortgage!
In a debt drowned economy, not so sure a bout of hyperinflation would even be bad. Being able to pay off the mortgage, Hummer, and student loans with a wheelbarrow full of worthless $100 bills would solve a lot of problems.
“John Williams Forecasts U.S. Dollar Hyperinflation Before End Of 2014”
We were going to have it in 2009 .
We were going to have it in 2010
We were going to have it in 2011...
We were going to have it in 2012
etc. .
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