Greg Hunter: Inflation & Implosion! Hyperinflation In 2022! +John Williams Must Video
By Greg Hunter’s USAWatchdog.com
Economist John Williams, founder of ShadowStats.com, says the Federal Reserve has painted itself into such a tight corner with the economy it really has only two choices. Williams says it comes down to “Inflation or Implosion.” What would happen to the financial system if the Fed stopped printing massive amounts of money for stimulus and debt service? Williams explains, “You could see financial implosion by preventing liquidity being put into the system. The system needs liquidity (freshly created dollars) to function. Without that liquidity, you would see more of an economic implosion than you have already seen. In fact, I will contend that the headline pandemic numbers have actually been a lot worse than they have been reporting. It also means we are not recovering quite as quickly. The Fed needs to keep the banking system afloat. They want to keep the economy afloat. All that requires a tremendous influx of liquidity in these difficult times.”
So, is the choice inflation or implosion? Williams says, “That’s the choice, and I think we are going to have a combination of both of them. I think we are eventually headed into a hyperinflationary economic collapse. It’s not that we haven’t been in an economic collapse already, we are coming back some now. . . . The Fed has been creating money at a pace that has never been seen before. You are basically up 75% (in money creation) year over year. This is unprecedented. Normally, it might be up 1% or 2% year over year. The exploding money supply will lead to inflation. I am not saying we are going to get to 75% inflation—yet, but you are getting up to the 4% or 5% range, and you are soon going to be seeing 10% range year over year. . . . The Fed has lost control of inflation.”
And remember, when the Fed has to admit the official inflation rate is 10%, John Williams says, “When they have to admit the inflation rate is 10%, my number is going to be up to around 15% or higher. My number rides on top of their number.”
Right now, the Shadowstat.com inflation rate is above 11%. That’s if it were calculated the way it was before 1980 when the government started using accounting gimmicks to make inflation look less than it really is. The Shadowstats.com number cuts out all the accounting gimmicks and is the true inflation rate that most Americans are seeing right now, not the “official” 4.25% recently reported.
Williams says the best way to fight the inflation that is already here is to buy tangible assets. Williams says, “Canned food is a tangible asset, and you can use it for barter if you have to. . . . Physical gold and silver is the best way to protect your buying power over time.” Gold may be a bit expensive for most, but silver is still relatively cheap. Williams says, “Everything is going to go up in price.”
When will the worst inflation be hitting America? Williams predicts, “I am looking down the road, and in early 2022, I am looking for something close to a hyperinflationary circumstance and effectively a collapsed economy.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with John Williams, founder of ShadowStats.com.
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After the Interview:
There is much free information on the homepage of ShadowStats.com.
For detailed hard hitting original analysis, like John Williams’ brand new report detailing the extreme inflationary trouble the economy is in, you can become a subscriber by clicking here.
To give your local economic report to Williams use [email protected] .
This segment is sponsored by Discount Gold and Silver Trading. Ask for Melody Cedarstrom, the owner, at 1-800-375-4188.
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Whistler Blowers, Insiders
We talk about the MSM getting their topics at 4am every morning..but now it seems all the alt media is doing the same ..all reporting the same thing.. bloody annoying getting 15 or so notices every day on the same subject.. the alt media ..instead of diversity and enlightenment are all looking at each others works and reporting them as if “new”…. they are not so stop doing it
Have you looked at the price of an AMERICAN MADE FENDER GUITAR as of lately?……..Can you say 100 PERCENT INCREASE IN PRICE!…..The same goes for ALL BICYCLES!……ALL SPORTING EQUIPMENT!….You say 12 percent inflation?……YOUR FUNNY!……..in 2012 I bought a SPECIALIZED ROCKHOPPER 27 speed for 700 tax in. now that same bike is 1400 TAX IN!…..IF YOU CAN EVEN GET ONE!……….HYPERINFLATION HAS BEEN HERE FOR YEARS, but it has been IGNORED!……..A new GIBSON LES PAUL STUDIO was 900 back in 2008 It now runs at 1800 or MORE, the SAME INSTRUMENT!!!!!………..and you state a 12 percent inflation?????………BULLSHIT!…….Look at bicycle tires. DOUBLE IN PRICE IN JUST 4 YEARS!………….SOMETHING IS TRUELY WRONG!……..