The economy is much weaker than it appears…
John Williams interviewed on USA Watchdog by Greg Hunter
Economist John Williams, founder of ShadowStats.com, says the economy is much weaker than it appears. Williams cuts through the phony gimmicked government numbers to give a true economic picture. His analysis shows the economy is already slowing down anew. This is why the Fed just announced it will not be ending the massive money printing and start the so-called “taper” anytime soon. Williams explains, “What they are doing right now is trying to keep economic activity from collapsing. At the same time, all that they are doing in the way of spending and what the Fed is doing with all this money creation is triggering inflation. Inflation in the GDP was at a 40 year high. This is not a good sign because the inflation is difficult to bring under control once it’s out of control. We are getting very close to that. . . . Inflation is around 13% the way I measure it.”
FULL SHOW NOTES AND LINKS HERE
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