Wall St Journal Talks (hyper)Inflation

A reporter interviews John Williams about his views on the liklihood of inflation for the rest of this year (2009).

wsj_john-williams-2009-02-12

Here’s what’s interesting about this video:

1) John Williams is the respected economist who runs ShadowStats.com, a site that unravels manipulated gov’t statistics, like the CPI (Consumer Price Index). I’ve cited his work many times on this site.

2) The Wall Street Journal, one of the most widely-read and respected sources for business info, is now openly discussing both hyperinflation, the collapse of the US dollar AND its replacement, the Amero [WSJ Talks Amero]. Only one year ago this was considered wacko conspiracy talk. Now it’s going mainstream.

3) John Williams is expecting double-digit inflation THIS YEAR (2009).

4) John Williams says hyperinflation is possible this year and probable within 3 to 4 years.

5) He says once the largest-denomination US currency, the $100 bill, is devalued on par with toilet paper you must consider barter to provide for your everyday needs.

6) He suggests Scotch or other liquor as viable barter.

u-hav-no-idea-how-bad-its-gonna-git

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6 Responses

  1. All you need is…..SAUSAGE!!!!!!!!!!!!!!!!!!

  2. Have you seen the book on Obama’s inflation grab (www.inflationsurvivalsecrets.com)? It talks about how the Dems intend as a matter of policy to let the dollar devalue to pay for massive unfunded liabilities of health care, bailout etc.

  3. Hello!
    Very Interesting post! Thank you for such interesting resource!
    PS: Sorry for my bad english, I’v just started to learn this language ;)
    See you!
    Your, Raiul Baztepo

  4. Inflation alone will keep equities afloat, which will keep the nominal value of the banks’ balance sheets in-line with liabilities. In layman’s terms, “they gonna’ inflate their way outta’ this mess!!!!”.

    $5/gallon gas coming soon to a corner convenience store near you…

  5. The bottom is in. We may test the lows on the Dow & SPX, but we won’t breach them. I believe Au & Ag will trade within a 20% range, but won’t break for higher highs for at least three years; this is good, it gives us all more time to get our respective financial houses in order.

    • You must be the guy who knows whats gonna happen with all the credit default swaps if you think the bottom is in.

      Tell us!

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