Posted on 02/09/2022 2:00:20 PM PST by blam
Economist John Williams says the economy is in deep trouble, and the Fed knows it.
Williams says the Fed talking up “robust economic growth” that is causing inflation is “nonsense.” Williams explains,
“The one thing that is not causing inflation is ‘robust economic growth.’ So, when they talk about raising interest rates to kill this robust economic growth that’s triggering the inflation, that’s absurd, and the Fed knows it…
If the Fed foolishly raised rates as reflected in the payrolls as not being fully recovered, you are going to have a sharp downturn, a double dip depression here. At the same time, you are still going to have the inflation. You are going to end up with an inflationary depression or a hyper-inflationary Great Depression.”
According to Williams’ forecast, “In terms of a crash, I am looking for much higher inflation, maybe hyperinflation, and I am looking for the economy to crash. You can address the inflation by personally holding physical gold and silver.”
So, jobs are going to disappear? Williams says,
“They already have, but hopefully all the effects of the pandemic will disappear, and people will get back to work, but that is not happening now. There is no sign of it getting better. In fact, the numbers are indicating it’s getting worse…
The holiday retail economy in November and December declined at the worst pace since the Great Recession. You had a negative holiday shopping season. That’s not a booming economy.”
On top of that, Williams says the real inflation rate is 14.8 %, if you disregard all the gimmicks the government uses to make inflation look less than what it really is. Williams says,
“That’s the highest inflation rate since the Truman Administration.”
In short, Williams points out, “The Fed has to keep the system liquid…”
” So, the money is going to continue to flow, and they cannot afford to raise interest rates. If the Fed raises interest rates, it’s going to crash the economy from where it is now, and the economy is not healthy.”
Williams says buy physical gold and silver and hold it against the inflation that is here to stay and will get worse.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with John Williams, founder of ShadowStats.com, as he explains how bad the economy really is. (2.8.22)
(Go to the site to see the video)
So, Glenn Beck was right.
“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.”
JW knows. Early in 2020 he predicted rising inflation based on rising gold prices in 2019 and reiterated that gold prices PRECEDED inflation. A predictor of inflation, not an inflation hedge.
It could be an inflation hedge if interest rates stayed low but that doesn’t happen.
You matter what the situation total economic disaster/collapse is always imminent. That’s why it keeps happening I guess.
> All of this is about that. There is no other way out.
And the present policies are in place to push it to inevitability. At some point there must be a “crisis” to push it over the edge.
The tail is really starting to wag the dog.
I was living in Houston at that time and there were many cars with Michigan license plates...some had bumper stickers that said, "Will the last person to leave Michigan turn out the lights."
I bought a new house there in 1980 with a 13% interest mortgage.
“So, Glenn Beck was right.”
Why are his predictions never listed?
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.
Glenn always advertised...”Buy gold!”.
“Glenn always advertised...”Buy gold!”.”
Paid commercial.
This was not about how one lives but whatever.
I live very well off my investments in physical gold and silver with zero investments in stocks or anything Wall Street. All my money was from property investments. Go figure huh. Bubbles going to bust, bet, its only a matter of when.
“This was not about how one lives but whatever.”
You opened the subject.
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!
“I live very well off my investments in physical gold and silver with zero investments in stocks or anything Wall Street. “
Did you sell in the golf bubble of 2011? Gold is lower now but recovered after a 40% decline.
Is gold in another bubble set to burst with rising interest rates?
All of this is about that. There is no other way out.
Pump and sell oil, natural gas, mine and sell coal. Like crazy.
golf >> gold
I invest in physical gold and silver coins, etc. from the money I made and continue to make from real estate/properties. I’ll take the bubbles of them over the bubbles of stocks and Wall Street, any day. But to each their own.
“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.
My stock market REIT increased over 1000% since the purchase about 25 years ago.
Gold 550%
Notice how you keep missing my investments in real estate and properties.......
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