John Williams: From Fake Stats to Real Repercussions, The Consequences of an Inflationary Depression

Palisades Gold Radio, Released on 8/24/24

0:00 – Introduction
0:37 – Real Statistics & Fed
13:03 – Wages & Inflation
14:25 – Party Politics & Fixes
18:28 – Political Will & Debt
24:52 – Gold & Inflation
28:19 – Real GDP/GDI Numbers
36:56 – Consumer Sentiment
43:22 – Consistent Benchmark?
44:57 – SPR Importance & Need?
50:53 – Reality is Hitting Now
52:42 – Federal Debt & Interest
55:12 – Wrap Up

Walter J. “John” Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). He tracks and reports economic data using the methodologies formerly used by government agencies prior to changes being made to make the reported data look more favorable, and estimates the true, real inflation rate to be significantly higher than the reported rate. He received a bachelor’s degree in economics, cum laude, from Dartmouth College in 1971, and was awarded a master’s degree in business administration from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar.

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