Money.
Posted on 02/19/2015 6:50:53 PM PST by blam
Mac Slavo
February 19th, 2015
It’s impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams it’s coming one way or the other.
The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities.
Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its value the public will have no option but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless.
This means, as John Williams notes in the following interview with Greg Hunter’s USA Watchdog, that food and other essential supplies will disappear within a matter of hours.
(snip)
(Excerpt) Read more at shtfplan.com ...
Anyone want to hear my gasoline storage story ?
Ammo will be the future currency.
Didn't we have this conversation several years ago?
Money.
A number of us have.
Please!!!
I like a good gas Story,,,
blame the dog!
The sky is always falling at SFTF.
“Gold price is rising. Buy Gold!”
Gold price is falling! Buy Gold!”
The socialist bankers and progressive poles will not allow this to happen while Obama is in office. It would show the failures of massive government control of the economy.
If it doesn’t will you cease and desist?
for moderate inflation within the us dollar realm, would not investing in stocks/mutual funds work? inflation would automatically inflate the stock/mf prices.
Claims[edit]
Regarding inflation statistics, Williams says that some of the biggest changes to the Consumer Price Index were made between 1997-1999 in an effort to reduce Social Security outlays, using controversial changes by Alan Greenspan that include “hedonic regression”, or the increased quality of goods.[2] Some other investors have echoed Williams’ views, most prominently Bill Gross, who reportedly called the US CPI an “haute con job”.[2] John S. Greenlees and Robert B. McClelland, staff economists at the US Bureau of Labor Statistics, wrote a paper to address CPI “misconceptions”, such as those of Williams.[3]
Regarding unemployment statistics, Williams points out that under President Lyndon B. Johnson, the U-3 unemployment rate series was created, which excludes people who stopped looking for work for more than a year ago as well as part-time workers who are seeking full-time employment. Although the old unemployment rate series’, which include part time workers looking for full time work and unemployed who stopped looking over a year ago, is still published monthly by BLS, the U-3 series is generally considered more meaningful and is the headline rate picked up by most media outlets.[4]
Regarding growth statistics, Williams reports that the official numbers for U.S. Gross Domestic Product (GDP) and jobs growth range from “deceptive”[5] to “rigged” and “manipulated”.
Critical reception[edit]
Shadowstats has been strongly criticized, particularly on its estimates of inflation. Market participants, economists and bloggers frequently point out that basic math shows that the Shadowstats CPI is an extreme overestimate. [6][7][8][3]
University of Maryland Professor Katharine Abraham, who previously headed the agency responsible for publishing official unemployment and inflation data, says of Williams’ claims, “The culture of the Bureau of Labor Statistics is so strong that it’s not going to happen.” Steve Landefeld, former director of the Bureau of Economic Analysis, the Commerce Department agency that prepares quarterly GDP reports, said in response to an article about Williams, “the bureau rigorously follows guidelines designed to ensure its work remains totally transparent and absolutely unbiased.” In the same article, UC San Diego economist Valerie Ramey, a member of the Federal Economic Statistics Advisory Committee, defended the methodological changes claiming they were only made “after academic economists did decades of research and said they should be done.”[9]
http://en.wikipedia.org/wiki/Shadowstats.com
So now we have the BATF banning our future currency? I'll take two WPA .223 for one 5.56 M855 and give you three CCI 22LR for change.
Jan 23, 2009 John Williams of Shadow Stats contends that we are headed for INFLATION.
John Williams, Hyper-Inflation Coming in 2011
Hyperinflation in 1 Year...NEW John Williams Interview Oct 2012
Was John Williams Correct -- Will USD Hyperinflation Kick In in 2014?
It’s impossible to predict when and how our economy will finally reach a breaking point
No kidding. You've gotta be a moron to buy this guy's newsletter.
Yes Al, I would like to hear it please.
Ammo will be the future currency.
Didn't we have this conversation several years ago?
Precious metals are to transfer a current block of wealth into the future AFTER the recover is well underway.
While the crush of the disaster is flowing, precious metals are mostly worthless.
The three primary currencies during the heat will be:
.22LR
12Ga shells
Anything antibiotic
No poodle shooting rounds. .308 or .30-06 please. Maybe .270.
Agree, this will happen after Bush III takes over...
I recommend that Dave Ramsey approach - pay off all your debt aggressively. If there’s inflation, you have a lower overhead because you don’t have debt payments (and no debt that could ratchet up along with inflation.) If there is deflation and you’re debt free, you have a great buying opportunity. If you’re almost debt free with deflation, you have a lower risk of losing property because your wages are falling.
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