Sunday, February 10, 2013
John Williams is the legendary watchdog of the true state of the U.S. economy -- as opposed to the continuously fudged official numbers. For example, the Consumer Price Index (CPI) has held the price of beef to be unchanged in recent years ...by assuming that when the price of T-bone stake rises, people will switch to top sirloin, and when top sirloin becomes out of reach people will switch to top round, etc. Due to this sort of fudging, the national debt supposedly fell from $1.3 Trillion to $1.1 Trillion in 2012 ...whereas John Williams counts the true national debt to be $6.9 Trillion! Although concealed from the American people, this stupendous number is well known to America's creditors such as China, who John Williams believes will be forced to begin selling off their dollars within 4 months, leading to a dollar devaluation.
Dollar Sell Off Within 4 Months - John Williams
Published on Jan 27, 2013
http://usawatchdog.com/may-2013-end-of-the-road-john-williams/ If Congress does not get its financial house in order by the new deadline in mid-May 2013, John Williams of Shadowstats.com contends, "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 continues to predict hyperinflation to the U.S. dollar by the end of 2014. Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist John Williams.