John Williams: Very Serious Trouble in this Next Year - Weaker Dollar and Hyperinflation

John Williams of Shadowstats.com predicts, "You're going to have a dollar panic, but I can't give you the exact timing on that." Another potential problem is a credit downgrade of U.S. debt. Williams says, "If we get a downgrade here, that would accelerate the process of the dollar selling and moving us again into the early stages of hyperinflation." Williams says you can protect your wealth by holding hard assets. Williams goes on to say, "If your assets are denominated in dollars and Treasury bonds, those will become worthless in hyperinflation." Join Greg Hunter as he goes One-on-One with economist John Williams.

JOHN WILLIAMS : safe haven flight will be to GOLD

Episode 137: Félix Moreno interviews John Williams of shadowstats.com. John, a trained economist, provides economic data and reporting that often contradicts the official line coming from US Government reporting. Many people put more trust in his economic data than the official statistics.

John explains why he set up shadowstats and the problem with the official US inflation index, and the distortions it may have on broader economic measures.

Money supply (including the M3 measure, which is still calculated by John) is discussed. John then explains how these measures are faring since the 2008 crisis, why the money supply hasn´t exploded, and how the banking system was saved.

John expands his analysis to the wider US economy before Felix questions him about his view on gold. His long-term prognosis is stability for the metal as a store of wealth, instability for the currency and frightening inflation levels.

This podcast was recorded on 27 June 2013.

John Williams Exposes Government Lies | McAlvany Interview

John Williams: Number one would be that the economy has not recovered, and is not about to recover. The underlying basics with consumer liquidity show that the consumer has no ability to drive a sustainable growth in consumption. The reason people have seen in the headlines a reported recovery is that the government understates inflation. That is another very big point. Most people, when they try to estimate inflation, or look for inflation, are looking at it from the standpoint of setting investment goals, or what their income needs to change by.
Because of the inflation understatement, that affects the way the economy gets overstated. If you use too low of a rate of inflation in adjusting the economic numbers, the economic numbers get overstated.
The third issue, and these all combine into a rather unfortunate circumstance, is that when you look at gap-based accounting, the way that a major corporation usually would report its operations, the federal government is bankrupt and running an annual deficit close to 7 trillion dollars. That includes the year-to-year change in the unfunded liabilities, but that number, that present value, is the cash you have to have in hand today to cover the shortfall into the future. Nobody is looking at bringing that into balance, and if they don’t bring it into balance very rapidly, we will see the dollar collapse and we are going to go into a hyperinflation.

SILVER to rise to $436/oz and Beyond.

Esteemed economist John Williams from shadowstats.com and Peter Schiff discuss the merits of owning precious metals. Gold and silver as a hedge - as an insurance policy - against the increasingly certain, impending economic apocalypse. Williams cites $7,500 as being the CPIU inflation adjusted actual value of gold TODAY. $436/oz. is cited as the CPIU inflation adjusted value of Silver. Both agree the sky is the limit on precious metals as the Fed monetizes debt and the system as we know it begins to fall apart at the seams. God help us all. Buy silver and gold TODAY as some measure of protection for you and your family.