By usawatchdog: Anyone who thinks the U.S. is in recovery should stop listening to
the mainstream media and listen to John Williams. He heads up
Shadowstats.com, and is one of the few economists who crunches the
numbers to give unvarnished true statistics. Adjusted for real inflation
of about 7%, Williams says, "GDP has plunged, and we have been bottom
bouncing" ever since the financial crisis started. Williams says, "The
next crash will be a lot worse (than 2008) because it will push us into
the early stages of hyperinflation." He predicts this will happen "by
the end of 2014" at the latest.
Long before 2014, Shadowstats.com thinks
there is a good chance of "panic selling of the U.S. dollar," if the
Federal Reserve starts another round of money printing (QE3) to save the
system and the big banks. No matter what Williams predicts, "There will
eventually be a crisis to bring the system down as we know it. . . .
We're on the brink." According to Williams, "at some point, you will see
a new currency in the U.S." The founder of Shadowstats.com sat down for
a one on one interview with Greg Hunter to talk about the mathematical
certainty of a systemic collapse in the not-so-distant future. Source
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