John Williams: A Hyper-Inflationary Great Depression Is Coming
Submitted by Liberty Valley on Fri, 2010-04-30 01:00.
ShadowStats' John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is in a depression and why a "Hyper-Inflationary Great Depression" is now unavoidable. John also shares why he selects gold as a metal for asset conversion in this exclusive interview with The Gold Report.
Our comment:
While sounding extreme, this could be exactly how things will play out. John mentions that broad money supply is already contracting and he is using this as a leading indicator of business contraction. If this contraction indeed happens shortly and government tries again to flood the system with liquidity, this could make a following runaway inflation a very likely outcome.