Natural Resource Stocks, Released on 11/27/24

In this episode, Andy interviews John Williams from Shadow Stats about the current state of inflation and the Consumer Price Index (CPI). They discuss the impact of recent weather events on the economy, historical changes to CPI calculations, and the real inflation rates compared to the official figures. John Williams explains the risks of a high inflationary recession and suggests holding physical gold as a hedge. He also shares his perspectives on the Federal Reserve’s actions, the potential for hyperinflation, and the need for stability in the banking system. This video dives deep into the complexities of economic indicators and the broader implications for consumers and investors alike.

00:00 Introduction and Greetings
01:34 Current Inflation and CPI Analysis
04:39 Economic Growth and GDP Insights
09:00 Federal Reserve and Government Actions
15:36 Gold as an Investment Strategy
21:02 Global Currency Debasement
25:41 Conclusion and Contact Information

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.

  economy, gold, inflation, recession