Economist John
Williams thinks the economy is in worse shape than most people think.
In 2013, Williams predicts, “As this goes forward, you’re going
to see we’re going to be in a new recession.” The Federal Reserve
announced last week it is now printing a total of $85 billion every
month to reduce unemployment and stimulate the economy. Williams
says, “That’s nonsense. . . . There’s nothing they can do to stimulate
the economy.” Williams has long contended the Fed is really just
using the weak economy to continue to prop up the banking system.
Williams says, “If the Fed wasn’t doing what it’s doing . . . I’d
presume you’d be on the road to a banking system collapse. The banking
system is still in trouble.” Williams warns the “open-ended” printing
of $85 billion a month “. . . will be part of what will eventually
become hyperinflation.” And if there is no deal on the so-called
“fiscal cliff,” then Williams expects “heavy selling pressure on
the U.S. dollar.” Join Greg Hunter as he goes One-on-One with John
Williams of Shadowstats.com.
