US IS SETTING UP THE GLOBAL ECONOMY TO CRASH IN A HYPERINFLATIONARY CATASTROPHE
October 25th, 2012
SHADOW STAT’S JOHN WILLIAMS: FED’S QE TO TRIGGER START OF HYPERINFLATION BY 2014
Economist John Williams says the latest round of “open-ended” QE has set the table for a global “dollar sell-off” and “hyperinflation” no later than 2014. Williams says, “There’s no way the consumer can fuel the economic recovery, and there is no way we’re going to see one in the near future. The Treasury is going to have funding problems, and that means the deficit gets a lot worse.”
With the recent talk that the Fed might increase the money printing Williams charges, “The Fed’s primary concern is to keep the banking system afloat, and they’re not doing so well with that.” Williams contends there is 12 trillion in liquid dollar assets held outside the U.S. and states it is only a matter of time before all the Fed money printing will “trigger a sell-off . . . and that will provide the early start of the hyperinflation.” You think the U.S. is better off today than it was in the last meltdown? Not according to Williams, he thinks, “. . . things have gotten a lot worse.” Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.