Leading Contrarian Economist: “We Are Coming In On The End Game Here”
Mac Slavo
October 20th, 2014
SHTFplan.com
To say that the U.S. economy is in trouble would be an understatement. According to Shadow Stats economist John Williams, we may be on the very cusp of a crisis so severe that it promises to re-write the entire paradigm. Debt is out of control and foreign holders of U.S. Treasury bonds are getting antsy. Nowhere is this more obvious than in China and Russia, where leaders of the globe’s other super powers are feverishly working to distance themselves from the U.S. dollar by establishing new monetary relationships that completely bypass the world’s reserve currency.
A loss of confidence in America’s ability to manage its fiscal, economic and monetary policy coupled with a continued slowdown in growth could soon reveal what Williams calls “the end game.”
It’s coming sooner rather than later suggests Williams in a recent interview with Greg Hunter’s USA Watchdog:
“I can’t give you good reason for why the stock market is as high as it is. The fact you are seeing this volatility means there are a lot of people who are very nervous about what is going on and where things are in the market. It is probably one of the great bubbles of all time. It most likely will collapse along the lines of the U.S. dollar in response to the reality of no economic recovery. . . . I can’t think of a more vulnerable market than what we are seeing here.”
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You are getting a confluence of extraordinary factors that are coming together that will cause the dollar to break. You’ll have a panic flight from the dollar along with dumping of U.S. Treasury bonds by foreign owners. We are coming in on the end game here.”
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