John Williams uses the older method (pre-Clinton) to figure the GDP, etc.
I already have all the gold and silver (mostly junk silver coins) that I'm going to have.
John is not selling gold or silver.
Comments?
Does he think we can keep interest rates super low forever and not have any consequences? Isn’t that the problem?
Nope, we need actual interest. I don’t know if it will stop inflation. Inflation that we have now is china based. Somethings are not coming from slaves in China anymore. And China is buying more of our food. So interest rates are not causing inflation accept in the housing market.
But we still do need to sop up a lot of money. Extra money is causing all sorts of bad side effects. People with too much money are not working. The stock market is way over valued. And soon taxes will shoot up to pay for government workers.
May I suggest investing in copper clad lead of the JHP variety instead ?
Silver makes way more sense to me. It’s smaller value makes it more useful for the necessities one needs during a crisis and junk silver, particularly, is familiar and comes in useful denominations.
A bit of lead makes sense too.
(Economist John Williams says the economy is in deep trouble, and the Fed knows it.)
I agree. But no more mean Tweets!!
He doesn't use any method. He just adds some number to the current one.
“Williams says buy physical gold and silver and hold it against the inflation that is here to stay and will get worse.”
Gold declines with rising interest rates.
So many bubbles ready to burst not even funny and many, MANY are just simply looking the other way in hopes them bubbles don’t burst.......
“John is not selling gold or silver.”
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“... You can address the inflation by personally holding physical gold and silver.””
“... because I have been holding gold while the stock market has grown 98% over the last five years and I want you to buy gold and drive up gold prices.”
So the IRS can take it and throw your butt in the slammer.
And the good little serfs will cheer.
We are in an awful pickle; much worse than what Ronald Reagan inherited. The cure then caused a sharp, short recession (felt like a depression here in the Rust Belt Pittsburgh metro.) I don’t think there us any painless cure. I shudder to think what they will do to cure what they caused...
So, Glenn Beck was right.
You matter what the situation total economic disaster/collapse is always imminent. That’s why it keeps happening I guess.
Invest in base goods and metals, lead, brass, powder and primers.
It’s bad advice. Gold and silver at best hold their value in the face of inflation. If you think the market is underestimating future inflation the smart money invests in products that will increase in value over and above the inflation rate.
How else will they do the great reset? Destroy the economy and the pleebs beg Uncle Joe for a solution. Its all our fault for not standing up to a stolen election!
“You are going to end up with an inflationary depression or a hyper-inflationary Great Depression.”
I’m not sure there is such a thing. Even in theory.
But it sounds scary, which is his goal.
The horse of inflation is out of the barn. Fed Chairman Martin (1967)
I live in NH. I went shopping last Wednesday and I bought eggs at $2,19 dz,butter was $2.50, and cottage cheese was $2.49. large container. This week eggs $2.99, butter $3.00 and cottage cheese $2.79. The store was packed and while waiting for a stock boy to finish his stacking I remarked on the prices going up so fast and he turned around and looked me straight in the eye and said, “It’s like this everyday. We can’t keep up with the price changes so we take a black marker and cross them out for new prices.”And sure enough, that tag below the can section had a mark through the old price and a hand written number in its place. Geesh. Can’t take much more of this.