John Williams: gold, Fed, Harvey, bitcoin & more

Goldseek Radio, Released on 8/30/17


  • Alternative economist, John Williams of discusses the increase in volatility in the gold market.
  • Our guest discounts the hawkish talk of policymakers, suggesting that the Fed could unleash a new round of quantitative easing (QE).
  • The odds of a lower balance sheet are overstated amid increasing domestic / geopolitical tensions sending the gold price, skyward.
  • The discussion steers to Hurricane Harvey in Houston, a similarly devastating storm as Katrina, which struck the Gulf 12 years ago to the day.
  • Officials fear rains will continue to pommel the Houston area as Harvey steers towards New Orleans (figure 1.1.).
    The economic ramifications could extend for years to come.
  • John Williams expects housing to decline while the host notes the healthy, 45 degree ascent in the new housing starts index.
  • may soon have viable competition from the new partnership between Google / Wal-mart.
  • The interview concludes with an engaging discussion on the Bitcoin / crypto markets – the market cap continues to soar.
  • The question is raised: How do nearly endless supplies of fiat currencies survive following the introduction of Bitcoin, a limited / instantaneous digital money?

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 ( 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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