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John Williams Forecasts U.S. Dollar Hyperinflation Before End Of 2014
TMO ^ | 1-29-2013 | Greg Hunter

Posted on 01/29/2013 3:37:58 PM PST by blam

John Williams Forecasts U.S. Dollar Hyperinflation Before End Of 2014

Economics / HyperInflation
January 29, 2013 - 12:46 PM GMT

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.

See the video here:Dollar Sell-Off In 4 Months


TOPICS: News/Current Events
KEYWORDS: economics; hyperinflation; inflation; recession

1 posted on 01/29/2013 3:38:09 PM PST by blam
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To: blam

Oh yeah?

Well Williams is a racist who just wants to see a black man fail.

/sarc (?????)


2 posted on 01/29/2013 3:44:46 PM PST by Tzimisce (The American Revolution began when the British attempted to disarm the Colonists.)
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To: blam

John Williams and Shadowstats have been forecasting hyperinflation at least since I first read him about five years ago.

Well the Fed has pumped 2-3 trillion into the economy and guess what NO INFLATION.

An please don’t even think about how prices for things are going up all around us - that is NOT monetary inflation, which is what Williams is talking about. Increasing prices are primarily due to supply and demand, less supply of corn higher prices, but not monetary inflation.

Lurking’


3 posted on 01/29/2013 3:50:44 PM PST by LurkingSince'98 (Catholics=John 6:53-58 Everyone else=John 6:60-66)
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To: blam

Hyperinflation can’t happen until the dollar loses it’s reserve currency status...of course that’s just around the corner, too.


4 posted on 01/29/2013 3:57:46 PM PST by gorush (History repeats itself because human nature is static)
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To: blam

Obama’s Marxist revolution remains well on track.

First, bankrupt the country; next, declare Martial Law; then suspend elections and, after that, it’s Katie bar the door.


5 posted on 01/29/2013 4:01:00 PM PST by Jack Hammer
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To: gorush

or at least until their is a better alternative to the U.S. dollar. The Euro is worse than the greenback. The Japanese yen is no better. Would you trust the Russian ruble or the Chinese yaun?


6 posted on 01/29/2013 4:08:19 PM PST by Flavious_Maximus
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To: LurkingSince'98
Well the Fed has pumped 2-3 trillion into the economy and guess what NO INFLATION.

The Fed has bought mortgage securities from banks and treasuries from politicians. That raised some commodity prices and put a floor under home prices but didn't do much for consumer demand. Mostly the inflation by the Fed is getting exported to various places. E.g. the Chinese who want to export to us have to print up their currency to keep pegging it (more or less) to the dollar. So their prices rise, not ours.

7 posted on 01/29/2013 4:16:32 PM PST by palmer (Obama = Carter + affirmative action)
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To: Flavious_Maximus
"or at least until their is a better alternative to the U.S. dollar. The Euro is worse than the greenback. The Japanese yen is no better."

I think they're all doing the same thing as the Fed!

As an alternative currency to the US dollar, Euro and Yen, I'd look to silver and shotgun shells.

8 posted on 01/29/2013 4:16:44 PM PST by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: gorush
Japan who has been using the Keynesian model that stimulus takes the place of consumer spending and investment. Is now in a year targeting a 2% inflation rate, along with more stimulus of a QE bond buying program. Europe markets are talking about a currency war and this could speed this along.
9 posted on 01/29/2013 4:25:28 PM PST by wmap
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To: blam

Hyperinflation will be just in time for the next Republican administration. I’ve been saying it has been coming for 6 years now...as a 2.5 GPA Econ major I am beginning to doubt myself...


10 posted on 01/29/2013 4:52:59 PM PST by BreezyDog (Illegitimi non carborundum)
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To: LurkingSince'98
Well the Fed has pumped 2-3 trillion into the economy and guess what NO INFLATION.

Yes. No one can predict when hyper-inflation will start. The Fed has created the conditions under which hyper-inflation could occur, but it only happens when hundreds of millions of citizens lose faith in the purchasing power of the currency.

Lots of people are talking about that, but it hasn't really happened yet. No one can say when it will; though conditions are ripening.

11 posted on 01/29/2013 5:04:35 PM PST by BfloGuy (Money, like chocolate on a hot oven, was melting in the pockets of the people.)
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To: gorush
Hyperinflation can’t happen until the dollar loses it’s reserve currency status...of course that’s just around the corner, too.

Wow...an actual cogent thought... thought I disagree with the second part...

There is no currency being used by any country in the world that is able to replace the US Dollar as the reserve currency...China is still 10 years away from being able to handle it though their banking system...

12 posted on 01/29/2013 5:12:57 PM PST by JZoback
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To: BreezyDog
" Hyperinflation will be just in time for the next Republican administration. I’ve been saying it has been coming for 6 years now...as a 2.5 GPA Econ major I am beginning to doubt myself... "

(LOL) Your doubts are justified...there won't be another Republican administration.

13 posted on 01/29/2013 5:15:11 PM PST by blam
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To: BfloGuy

you said
“ no one can say when it will(start)..”

well the ppoint of the article and evidently the point of John Williams life is to say it’s starting..... soon, which is what he’s been saying for at least five years.

A lot of people have made some wrong investments listening to this guy.

And just how does a “hyper” increase in the amount of dollars in circulation (the definition of inflation) relate to “when hundreds of millions of citizens lose faith in the purchasing power of the currency”???

How do all those disillusioned folks cause more money to be circulating in the economy - ‘cause folks are damn disillusioned now and the velocity of money has been falling like a rock for two or three years = that’s what’s called DEFLATION!

Lurking’


14 posted on 01/29/2013 5:17:21 PM PST by LurkingSince'98 (Catholics=John 6:53-58 Everyone else=John 6:60-66)
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To: blam
Hasn't this joker been claiming we already had 10% inflation?

Show us all the pricing data you collect. What, you don't collect any? LOL!

Just subscribe to Shadowstats and I'll make up a number for you. And a scary (funny, actually) chart.

15 posted on 01/29/2013 5:26:50 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: blam

John Williams composed some of my favorite movie scores...
Star Wars
Saving Private Ryan
Jurassic Park
Didn’t care much for his work on E.T.


16 posted on 01/29/2013 6:08:27 PM PST by rightsmart
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To: blam

John Williams composed some of my favorite movie scores...
Star Wars
Saving Private Ryan
Jurassic Park
Didn’t care much for his work on E.T.


17 posted on 01/29/2013 6:08:48 PM PST by rightsmart
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To: blam

Woo-hoo! There goes the mortgage!


18 posted on 01/29/2013 7:03:37 PM PST by glorgau
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To: blam

In a debt drowned economy, not so sure a bout of hyperinflation would even be bad. Being able to pay off the mortgage, Hummer, and student loans with a wheelbarrow full of worthless $100 bills would solve a lot of problems.


19 posted on 01/29/2013 7:17:46 PM PST by wolfman23601
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To: blam

“John Williams Forecasts U.S. Dollar Hyperinflation Before End Of 2014”

We were going to have it in 2009….

We were going to have it in 2010…

We were going to have it in 2011...

We were going to have it in 2012…

etc. ….


20 posted on 01/29/2013 8:07:28 PM PST by Road Glide
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To: LurkingSince'98
"How do all those disillusioned folks cause more money to be circulating in the economy - ‘cause folks are damn disillusioned now and the velocity of money has been falling like a rock for two or three years = that’s what’s called DEFLATION!"

Monetary inflation is growth in money supply, a stock variable, not velocity. Velocity is a multiplier. Price inflation is a function of monetary supply (a stock variable).

World FOREX holdings started shifting away from the dollar a decade ago (about the time the Fed went full retard mode). The truism in economics is "bad money crowds out good". Which means the velocity multiplier will increase (and so price inflation, which is what is usually being discussed when the term "hyperinflation" is brought up). Anyway the shift in FOREX reserves away from the dollar is a sign that the process is already underway.

But the timing is a little tough to pin down. If a transnational trading currency indexed to something real (like a basket of PM's or commodities) arises that will allow international contracts to settle, people/banks/governments outside the US would start dumping dollars en masse.
21 posted on 01/29/2013 8:23:12 PM PST by CowboyJay (Lowest Common Denominator 2012 - because liberty and prosperity were overrated)
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To: CowboyJay
US Silver Coin Sales Hit An All-Time High In January


22 posted on 01/29/2013 9:22:57 PM PST by blam
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To: LurkingSince'98
Well the Fed has pumped 2-3 trillion into the economy and guess what NO INFLATION.

Ah, that IS inflation. Look it up in the dictionary. Inflation is the increase in the money supply. What prices do after that is go up at different rates in different industries and the new money flows through the economy. Ask your wife about prices at the grocery store.

23 posted on 01/30/2013 6:44:03 AM PST by Jabba the Nutt (.Are they stupid, malicious or evil?)
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To: blam; BreezyDog
>>"Hyperinflation will be just in time for the next Republican administration. I’ve been saying it has been coming for 6 years now...as a 2.5 GPA Econ major I am beginning to doubt myself... "
>
(LOL) Your doubts are justified...there won't be another Republican administration.

I do think the Romney nomination signaled the end of the Republican party -- they have proven themselves to be either utterly incompetent or liars to anyone 30 and under (when was the last time the Republicans actually fought for party planks?) AND they have utterly abused their base (nominating liberals, claiming to be conservatives, confident you must vote for them "because the other guy was worse").

24 posted on 01/30/2013 8:52:20 PM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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