Posted on 12/19/2012 1:58:51 PM PST by Errant
Economist John Williams thinks the economy is in worse shape than most people think. In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be in a new recession.” The Federal Reserve announced last week it is now printing a total of $85 billion every month to reduce unemployment and stimulate the economy. Williams says, “That’s nonsense. . . . There’s nothing they can do to stimulate the economy.” Williams has long contended the Fed is really just using the weak economy to continue to prop up the banking system. Williams says, “If the Fed wasn’t doing what it’s doing . . . I’d presume you’d be on the road to a banking system collapse. The banking system is still in trouble.” Williams warns the “open-ended” printing of $85 billion a month “. . . will be part of what will eventually become hyperinflation.” And if there is no deal on the so-called “fiscal cliff,” then Williams expects “heavy selling pressure on the U.S. dollar.” Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.
I don’t anyone with a lick of sense ever thought we left the last recession. And I don’t think the next one is going to be a recession ..... can you say the “D” word? The Fed may be partially propping up the banking system, but its main function is to buy the Federal debt each month which will eventually produce run away inflation. When it crashes, it’s going to be quick and hard.
Agree. I hope everyone is working to prepare for it as best they can.
When it crashes, it’s going to be quick and hard.
I have a hunch President You Didn't Build That and his minions intend to unleash an economic disruption as a pretext for "temporary emergency economic recovery measures," which will let them pull out all stops and effect the "fundamental transformation" of America into an overt rather than covert "progressive" oligarchy. I have an even stronger hunch if that's what they do, the attempted disruption will promptly devolve into an all-encompassing, all-devouring economic and social collapse. If "progressive" looters and arsonists and armed robbers were capable of managing anything, they wouldn't be looters and arsonists and armed robbers.
Bush’s fault. < /sarc >
I predict there will be a good number of folks “volunteering to be taken of the lists of gummint beneficiaries”. If SHTF “acting up” will be suicide.
I truly believe that the goof in the white house has been setting the table for either a domestic terrorist attack or a financial meltdown while they are in power for the purpose of the fundamental transformation.
Based on their actions I can’t see any other outcome.
Go into any store.
Pick one at random.
Any store, anywhere. Go inside and see where the things for sale in that store, were made.
IT WILL NOT BE AMERICA.
We must get back to making things here. Now.
I hear ya, but good luck with that until we have tort reform, reduce regulations, train a workforce, and lower taxes.
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