Silver Bullion TV, Released on 11/3/21
SBTV spoke with John Williams, author of Shadow Government Stats, about how the real inflation rate is much higher than official numbers and its ravaging effects on the purchasing power of fiat currency users.
John Williams’ Shadow Government Statistics: http://www.shadowstats.com
Discussed in this interview:
02:03 The government’s meddling with the inflation rate
08:55 Inflation warning of a coming crisis?
15:56 Has the economy recovered?
21:37 Difficult times ahead
23:23 Is it pointless to save money?
29:32 Gold and silver still an inflation hedge?
35:14 US dollar parallel
40:44 You need to hold physical gold and silver!
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.