Wall St. For Main St., Released on 1/4/24

John calculates CPI using the old government formulas from the 1980s and the 1990s before PhD Economists and the BLS started making a lot of adjustments to input data, cherry picking and also adjusting the formulas for CPI, money supply, GDP and Jobs Reports to fit political narratives. During this 40+ minute interview, John talks about why the real inflation rate is not currently 3% according to the CPI and headed below 2% like many people on Wall St, business TV and government officials are claiming. John talks about how and why input data and formula changes for CPI, Jobs Reports, GDP and money supply are being done. Since 2020, the Fed changed the money supply definition again and then proceeded to increase money supply by around 120% during the pandemic in only 2 years! The best case scenario going forward according to John Williams is bad stagflation similar to the 1970s.

Bloomberg News article referred to during the interview about cost of living and inflation being way above CPI: https://www.bloomberg.com/graphics/20…

Over 200 articles, audio podcasts & interviews with experts exclusive for Patrons with 45 new articles & audio podcasts out in the last 31 weeks (and over 12 in the last 10 weeks)! Plus, you are helping keep the free content free so it doesn’t all end up behind a paywall. One of the best deals in the research space for only $5 per month! Come and join the almost 900 Patrons chipping in each month over on Patreon behind the paywall! Go to Patreon dot com slash wallstformainst or http://www.patreon.com/wallstformainst

Please visit the Wall St for Main St website here: http://www.wallstformainst.com

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.

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

  inflation, money printing, stagflation, us economy