Tag Archives: John Williams

John Williams ~ Russian Dollar Dump Could Crash Financial System [Video]

USAWatchdog  March 5 2014

Economist John Williams says if Russia sells its U.S. dollar holdings, it could trigger hyperinflation.  Could it collapse the financial system?  Williams contends, “Yes, it certainly has a potential to do that.  Looking outside the United States, there is something over $16 trillion in cash, or near cash.  That’s about the same size as our GDP.  . . Nobody has wanted to hold the dollar for some time.  The dollar, fundamentally, is weak.  It couldn’t be weaker.”

“All the major factors are against it.  It’s just a matter of what would trigger the massive selling.  Nobody wants to hold it.  The Russians start selling, and you have China indicating a general alliance here in terms of what’s transpiring.  If the rest of the world believes this is what’s going to happen, people who have been wanting to get out of the dollar for some time very easily could front-run the Russians.  The scare is on.  People will try to get out of it as rapidly as they can.

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John Williams ~ 2014-Crisis in Dollar Will Trigger Inflation [Video]

 USAWatchdog.com  January 5 2014

Economist John Williams thinks 2014 will mark the beginning of hyperinflation. Williams contends, “You are going to see, early on, a crisis in the dollar that will start to trigger the inflation . . . as the inflation picks up, that’s going to savage the economy, which is already in a depression. It never recovered.”

Forget what you have heard about the so-called recovery. Williams says, “The consumer is in trouble. There is nothing happening to turn the economy around.”

The weak economy is bad news for the dollar. According to Williams, “Anything that would suggest deficit deterioration here, and a weak economy would do that, will have a devastating impact on the dollar.”

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Andy Hoffman ~ Debt Ceiling To Infinity [Audio]

SGTbull07  October 23 2013

Andy Hoffman from MilesFranklin.com joins us to cover KICKING THE CAN all the way to INFINITY.

“The American Taxpayer Relief Act’ is what the despicable PTB called the fiscal cliff debt deal. And just like the deceptively named ‘Patriot Act’, the “American Taxpayer Relief Act’ is designed to screw YOU.

Andy says, “We have effectively gotten rid of the debt ceiling forever.” Think that doesn’t mean massive hyperinflation of the Dollar as John Williams has predicted? Better think again. As Andy says “It’s only a matter of time until the game ends… The world is TERRIFIED of DOLLARS.”

Andy’s site: http://milesfranklin.com/

John Williams ~ Early Stages of Hyperinflation Next Year [Video]

USAWatchdog  October 16 2013

Economist John Williams says the U.S. budget and debt ceiling circus is not the real problem.  Williams contends, “The issue here, very simply, is the long term solvency of the United States of America. . . This gap based deficit is going to kill us . . . We are going to be in very serious trouble in this next year, and the global markets know this is happening.”  

Williams goes on to explain, “They are not going to address the long term solvency problems of the United States.  That’s going to trigger a massive decline in the dollar in the not-too-distant future, and that, in turn, will give us the early stages of hyperinflation in this next year.”  Williams says, “We’re basically at a point where we can’t kick the can down the road.  This is it. . . . Going forward from here, you’re going to generally see a weaker dollar, and it will get much weaker.  You’re going to have a dollar panic, but I can’t give you the exact timing on that.”

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John Williams ~ Budget Deficit Exploding Out of Control [Video]

USAWatchdog April 3 2013

Economist John Williams says don’t be fooled by the new highs on the Dow.  Williams contends, “The economy is still in serious trouble.  The banking system is still in serious trouble.  The budget deficit is exploding out of control.”  Williams thinks the ongoing banking crisis in Cyprus has global implications.  Williams says, “You have a precedence set in Cyprus that they can seize the funds. 

They will not guarantee all deposits.  If that’s the case, you may have a much worse crisis than you had back in 2008.”  Williams adds, “The big problem is the government is insolvent in the long term.” 

Williams says the U.S. dollar could start selling off in May because of a deadlock in Congress on the budget.  Williams predicts, “The global markets are looking for the U.S. to address its long term sovereign solvency issues.  That’s not going to happen. . . .  In response, it’s going to be off to the races with a dollar sell-off.  That could be the trigger for the early stages of hyperinflation.”  Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com. 

Paul Craig Roberts ~ Staring Armageddon In The Face But Hiding It With Official Lies

Paul Craig Roberts March 11 2013

According to the Bureau of Labor Statistics, the US economy created 236,000 new jobs in February. If you believe that, I have a bridge in Brooklyn that I’ll let you have at a good price.

Where are these alleged jobs? The BLS says 48,000 were created in construction. That is possible, considering that revenue-starved real estate developers are misreading the housing situation.http://www.counterpunch.org/2013/03/08/us-housing-is-the-recovery-real/print

Then there are 23,700 new jobs in retail trade, which is hard to believe considering the absence of consumer income growth and the empty parking lots at shopping malls.

The real puzzle is 20,800 jobs in motion picture and sound recording industries. This is the first time in the years that I have been following the jobs reports that there has been enough employment for me to even notice this category.

The BLS lists 10,900 jobs in accounting and bookkeeping, which, as it is approaching income tax time, is probably correct; 21,000 jobs in temporary help and business support services; 39,000 jobs in health care and social assistance; and 18,800 jobs in the old standby–waitresses and bartenders.

That leaves about 50,000 jobs sprinkled around the various categories, but not in numbers large enough to notice.

The presstitute media attributed the drop in the headline unemployment rate (U3) to 7.7% from 7.9% to the happy jobs report. But Rex Nutting at Market Watch says that the unemployment rate fell because 130,000 unemployed people who have been unable to find a job and became discouraged were dropped out of the U3 measure of unemployment. The official U6 measure which counts some discouraged workers shows an unemployment rate of 14.3%. Statistician John Williams’ measure, which counts all discourage workers (people who have ceased looking for a job), is 23%.

In other words, the real rate of unemployment is 2 to 3 times the reported rate.

Nutting believes that the U3 unemployment rate has become too politicized to have any meaning. He suggests using instead the work force participation rate. This rate is falling substantially, reflecting the discouragement that occurs from inability to find jobs.

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John Williams ~ May 2013-End Of The Road [Video]

USA Watchdog | January 28 2013

Anybody who thinks the U.S. is in a so-called recovery isn’t listening to economist John Williams.  He contends, “We haven’t had a recovery and we’re not about to have one, and it’s getting worse.”  Williams says it’s because, “The consumer is in very serious trouble. . . . The average guy is not making it.  His income is not keeping up with inflation.”  

As far as Congress getting the budget and debt ceiling under control, Williams says,“Both sides are faced with devil’s choices.”  If Congress does not get its financial house in order by the new deadline in mid-May 2013, Williams predicts, “It will be the end of the road . . . . They are not going to have another opportunity . . . they are pushing the limit as it is now.”  Williams says he expects, “. . . a negative reaction in the next 3 or 4 months to the dollar.” Williams adamantly calls for hyperinflation to the U.S. dollar by the end of 2014.  Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.

Greg Hunter ~ Weekly News Wrap Up January 25 2013 [Video]

USA Watchdog

Debt and guns are really the only two topics in Washington D.C. this week.  The House of Representatives passed a bill that will suspend the debt ceiling until mid-May.  It’s has a cute little clause called “No Budget No Pay,” but I think that’s just a side show gimmick.  The real deal is the Republicans are throwing a political hot potato over to Harry Reid and the Democrats in the Senate.  They are basically saying okay, your turn to come up with a budget, the debt ceiling is off the table for now.

I also think there are some in both parties that know all too well how serious the economic situation really is.  According to John Williams at Shadowstats.com, this is Congress’ last chance to fix the budget problems.  If nothing is done-again, Williams is predicting some serious negative fallout for the dollar and U.S. markets.  I’ll have an in-depth interview on Monday with him.  You will not want to miss this.

Senator Diane Feinstein unveiled a new assault weapons ban.  She wants to make dozens of guns illegal.  It will never get through Congress, but isn’t the timing odd?

The economy is teetering on the precipice of another meltdown, and she wants to take guns away from law abiding citizens.  Meanwhile, zero legislation on the state of mental health in this country.  Zero investigation on all of these psychotropic drugs pharmaceutical companies are handing out like cough drops, and zero prosecutions on big bankers that have committed trillions of dollars in fraud and crime against the American people.  This is a crime spree that is unprecedented in U.S. history. 

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Paul Craig Roberts ~ Washington’s Hegemonic Ambitions Are Not In Sync With Its Faltering Economy

Paul Craig Roberts | January 7 2013

cartoon_droneIn November the largest chunk of new jobs came from retail and wholesale trade. Businesses gearing up for Christmas sales added 65,700 jobs or 45% of November’s 146,000 jobs gain. With December sales a disappointment, these jobs are likely to reverse when the January payroll jobs report comes out in February. Family Dollar Stores CEO Howard Levine told analysts that his company’s customers were unable to afford toys this holiday season and focused instead on basic needs such as food. Levine said that his customers “clearly don’t have as much for discretionary purchases as they once did.”

For December’s new jobs we return to the old standbys: health care and social assistance and waitresses and bartenders. These four classifications accounted for 93,000 of December’s new jobs, 60% of the 155,000 jobs.

Obviously, the economy is not going anywhere except down. It takes approximately 150,000 new jobs each month to stay even with population growth and new entrants into the work force. Few of the jobs that are being created pay well, and the constant, consistent demand for more poorly paid waitresses, bartenders and hospital orderlies is difficult to believe. If Americans cannot afford toys for their kid’s Christmas, how can they afford to eat and drink out?

Media spin seeks to create a recovery out of thin air, but these graphs from John Williams (shadowstats.com) show the reality:

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