Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Fed Will Be Forced to Print and Kill Dollar - John Williams and Greg Hunter Video

% of readers think this story is Fact. Add your two cents.


By Greg Hunter’s USAWatchdog.com  

Economist John Williams warned last year the U.S. economy never really recovered, and it was going to turn down again. That downturn happened Friday when the latest GDP figures came in below 2% growth in the fourth quarter of 2016. Williams says the economy “contracted,” and he contends it’s going to get a lot worse before it gets better. Williams explains, “I think there is reason for optimism in terms of the economy down the road.

The problem is irrespective of who is president. When you introduce new policies, it takes about nine months to a year before we see the impact. So, the impact of all the happy things that are happening now won’t start to surface until 2018 barring other complications.  I expect you to see a pickup in the economy then. Unfortunately, we are still in an economy that is turning down. You are going to see that in the reporting in the next several months.

We never really recovered from the economic collapse going into 2009. There was a little bit of a rebound, and we started to see the economy turn down again in 2014. If you look at the underlying series such as industrial production, freight indices and petroleum consumption, there has been no recovery. We are turning down again. This is the longest and deepest economic contraction since the Great Depression.”

On rising interest rates, Williams predicts, “I think the Fed is going to suppress rates. Unfortunately, the bad economy we have now will be at least the better part of 2017. As the economy weakens, that puts renewed stress on the banking system. The Fed is going to be forced back to accommodating the solvency of the banking system. The Fed will be moving back towards the quantitative easing (money printing) that it had before. They have to save that banking system as they did back in 2008 . . . As they do that, it will kill the dollar. . . . There is hope for the economy, but we have a very difficult year ahead.”

Williams goes on to say, “There are two big problems. The Fed still doesn’t have control of the system, and I think they are going to be having trouble with the banks. They are going to move back to quantitative easing (money printing) that will hit the dollar hard. That, by itself, would tend to put upside pressure on rates. The Fed can intervene for the banking system, but it’s not going to be good for the financial markets. The second element, which is also very bad for the dollar, is that in the initial phases of the Trump stimulus, you are also going to see some increase in the near term budget deficit.

Once you are down the road, and you have a stronger economy and you have greater revenues coming in with taxes and greater profits, that will help lessen the deficit. The global currency markets will, once again, look at the long term solvency of the United States, and in that area, you are going to have serious issues as you did in August of 2011. As the markets focus on the long term solvency of the U.S. government, that is a very bad circumstance for the dollar.”

If they don’t do that, Williams says, “We are facing a terrible crisis. . . . In terms of the Fed (getting control) and the long term solvency issues, these are death knells for the dollar. Unless those are addressed, you are going to see massive selling of the dollar, a debasement of the dollar and high inflation that will lead you into hyperinflation. That’s what comes into play. Prior to this administration, I would have given the chances of avoiding that as nil, but with this administration, I have some hope here.”

Join Greg Hunter as he goes One-on-One with economist John Williams, founder of ShadowStats.com.

(There is much more in the video interview.)

After the Interview:

There is free information and analysis on the homepage of ShadowStats.com. John Williams also has a subscription service that goes into great detail and economic analysis. You can subscribe by clicking here.

(To Donate to USAWatchdog.com, Click Here.)

http://usawatchdog.com/fed-will-be-forced-to-print-kill-dollar-john-williams/


About the Author

Greg Hunter

Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 5 comments
    • dennisR8

      Will not cancelling the twenty trillion dollar debt help?

      • Andy

        end the federal reserve and disown the debt – govt should produce it’s own gold-backed money and just tell all the fiat-money-lenders (like the Fed) to go fuck themselves

    • Spikey Norman

      Its not just the Federal 20 trillion debt.
      It is also Corporate debt.
      And private debt.

      Everybody owes far more than can ever be repaid, especially when the economy grinds to a halt and nobody has a job.

    • Andy

      “We never really recovered from the economic collapse going into 2009. There was a little bit of a rebound, and we started to see the economy turn down again in 2014.”

      of course there was a little bit of a rebound – after all the Fed DUMPED 7.2 TRILLION dollars into the economy

      but it has only made things exponentially worse, we have a 10,000 point DOW bubble which won’t just deflate, it will explode

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.