(#223) Dollar Sell Off Within 4 Months

Hyperinflation by the end of 2014 predicts John Williams

As posted to http://usawatchdog.com on 1/27/13

 

 

Anybody who thinks the U.S. is in a so-called recovery isn’t listening to economist John Williams.  He contends, “We haven’t had a recovery and we’re not about to have one, and it’s getting worse.”  Williams says it’s because, “The consumer is in very serious trouble. . . . the average guy is not making it.  His income is not keeping up with inflation.”

As far as Congress getting the budget and debt ceiling under control, Williams says, “Both sides are faced with devil’s choices.”  If Congress does not get its financial house in order by the new deadline in mid-May 2013, Williams contends, “It will be the end of the road . . . . they are not going to have another opportunity . . . they are pushing the limit as it is now.”

Williams says he expects, “. . . a negative reaction in the next 3 or 4 months to the dollar.” Williams adamantly continues to predict hyperinflation to the U.S. dollar by the end of 2014.  Join Greg Hunter as he goes One-on-One with John Williams of www.shadowstats.com.

Walter J. "John" Williams, is the founder of www.shadowstats.com, a website that analyzes government economic and unemployment statistics based on methodologies used by previous United States administrations, from the pre-Clinton era to the time of the Great Depression.  Williams claims that using Depression-era methodology, for example, the U.S. unemployment rate would have been 16.5% in January 2009, more than double the announced rate of 6.7%.  Williams is an economic consultant with an economics BA and an MBA from Dartmouth College, New Hampshire.