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John Williams of Shadowstats.com Interview: The Next Crash Will Be A Lot Worse!


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2013 Jan 28, 7:31am   68,248 views  174 comments

by HousingBoom   ➕follow (1)   💰tip   ignore  

http://www.youtube.com/embed/seBWlOMt2Tk

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....

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169   David Losh   2013 Feb 4, 2:19am  

underwaterman says

my study of the stupidity and danger of war

That's rich. The military has been a profession since time began.

You're now trying to fit military terms into your conspiracies about the economy, or more specificly about currencies compared to gold.

170   David Losh   2013 Feb 4, 6:27am  

underwaterman says

I'm now ignoring you

Then ignore me so I can attack your crazy ideas all I want without having you responding to it.

171   David Losh   2013 Feb 4, 6:36am  

underwaterman says

He is quite intelligent and I know this because I've been following him for over 2 years now

Really not a great recommendation.

underwaterman says

We are currently in a currency war

You haven't presented any facts to that, just opinions about a "currency war." That currency war concept died in the 1990s.

Just look at what was the Yuan, Ruble, or Euro before the economic crisis, and the rise of the Rupee since then.

There is no currency war. There was some saber rattling about the petro dollars, and reserve currency, but that faded with the lack of economic ability of countries like Russia, or China, or Europe for that matter.

Face it, we are in a global economc contraction which blows your theories to heck.

underwaterman says

I think if terrorists can think outside the box and turn 2 airplanes into weapons and bring down two large skyscrapers in New York they can figure out how to build a dirty bomb or construct a home made drone with a bomb or find a way to blow up a nuclear plant.

That sure sounds like a conspiracy theory to me.

At the same time there is nothing to say that with the proper cooperation governments can't fix the global economy so that "terrorists" don't feel the need to attack.

172   Bigsby   2013 Feb 5, 2:28am  

Give it a bloody rest, why don't you?

173   Reality   2013 Feb 5, 3:35am  

underwaterman says

And James Rickards is neither an idiot nor a propagandist. He is quite intelligent and I know this because I've been following him for over 2 years now.

This is a joke, right? I have read James Rickards articles for over a decade. The guy has been a metal bull for a long time, but the war nonsense is recent. Here's some clue for you: I bought bulk silver for the first time in the year 2000, at around $4 per ounce. First purchase was a 1000oz bar off someone disappointed by the Y2K Nothingburger.

174   Reality   2013 Feb 5, 3:45am  

underwaterman says

I think if terrorists can think outside the box and turn 2 airplanes into weapons and bring down two large skyscrapers in New York they can figure out how to build a dirty bomb or construct a home made drone with a bomb or find a way to blow up a nuclear plant. You can over-analyze why they couldn't all your want but it doesn't affect the reality and risk of it happening.

Even "terrorists" have to operate within the laws of physics. The "terrorists" don't do original inventions. They follow the scenarios already laid out by the likes of Rand Corporation and Tom Clancy novels. Using airliners as flying missles was a plot element for nearly a decade before being carried out for real.

"Dirty Bomb" is an idea for the the really gullible. If you believe that, you might believe the "walking dirty bomb" where the "terrorist" swallows highly radioactive material and irradiates others on public transportation through his guts. LOL. That will work even better than selling overly sensitive explosive material to bomb makers . . . at killing wannabe terrorists. That will teach them a lesson: don't become a terrorist, the government doesn't like competition.

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