via SilverBear Cafe
There are those predicting inflation, those predicting deflation, those in between… and then there’s the ultra-hardcore hyperinflationists. It’s easy to see where John Williams, founder of Shadowstats.com, fits in. He’s forecasting a hyperinflationary future which he anticipates coming home to roost within months.
To say the least, it’s an aggressive prediction. Still, it’s compelling to get his forecast given his diligence in crunching US government statistics in the feds’ own original and now old-fashioned way, long before the numbers were quite so massaged – almost like a TSA pat down – prior to being released on an unsuspecting public.
In the clip below, Williams presents his perspective and offers some advice for hyperinflationary times. Here’s a highlight from the interview:
“In the US we don’t have a backup system. Zimbabwe had the worst hyperinflation anyone’s ever seen. But they survived, they had an ongoing economy. That was because of the black market in US dollars… we don’t have a black market in the US. There’s no backup to our system.”
For additional perspective you can also read a rebuttal to Williams’ argument....Continue ReadingLeave a Comment