Jeff Weatherford of Sprott Money News, Interviews John Williams. (39.37)
He says; “The government has to address its long-term solvency issues if it’s going to survive, if it’s going to have any credibility in the rest of the world…We have ahead of us here probably the worst fundamentals ever facing the dollar…I don’t think things have ever been more negative.
He warns: “Massive INFLATION & HYPERINFLATION of the DOLLAR is on the Way, As in “NO PURCHASING POWER””
Walter J. “John” Williams was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. He has been a specialist in government economic reporting for more than 30 years.
He publishes the ShadowStats Newsletter that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype. His website is shadowstats.com