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John Williams: Economic Armageddon on the horizon

Goldseek Radio, Released on 11/16/17

Highlights:

  • Alternative economist, John Williams of Shadowstats.com sees economic Armageddon on the horizon.
  • Over $100 trillion in US obligations make maintaining the national debt, impossible.
  • The actual inflation rate that most people experience is much higher than the official figure, which boosts revenues by hundreds of billions of dollars.
  • Despite protests to the contrary, the real unemployment rate remains stubbornly elevated (Figure 1.1.).
  • Our guest rejects the notion of domestic economic recovery – he expects quantitative easing (QE) to resume with gusto, leading to runaway inflation and elevated gold prices.
  • John Williams anticipates dollar selling and weaker economic conditions to send US share indexes lower in 2018.

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). His early work in economic reporting led to front-page stories in The New York Times and Investor’s Business Daily. 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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