John Williams Forecasts: 'Catastrophe Ahead'Recently by Mac Slavo: Hide Your Liberty Dollars, Secret Service Is Coming To Confiscate!
In his article Are Pessimistic Consumers’ Fears of High Inflation Exaggerated?, Daniel Gross writes:
Last time we checked, inflation occurs when those responsible for issuing the currency, be it a Roman emperor who controlled the content of precious metals in coinage or a central bank that controls the money supply, is solely responsible for the resulting price inflation. How else, save trillions of dollars in quantitative easing, can we explain the exorbitant price increases in commodities like food and gas over the last forty years? Yes, Mr. Gross, the Fed, simply by printing more money, does, in fact, create inflation. A third grader can understand this basic concept, that when you artificially create something, its value goes down. The reason people “seem” to be incorporating higher inflation into their mindsets is because policymakers have already indulged them. Isn’t this exactly the current policy of the Fed? Mr. Gross suggests that consumers are disconnected from reality because they are, on a personal level, expecting inflation of around 5.8% over the coming 12 months based on a recent survey. Clearly, Mr. Gross is himself disconnected from reality, because those consumers are already experiencing yearly price increases as of right now of over 11% – almost double what they are expecting for the coming year, and triple what the official CPI has reported. The real data suggest everything the Federal Reserve is reporting, and mouthpieces like Mr. Gross are parroting, is nothing short of deceptive. Well known economist and contrarian statistician John Williams, who incidentally is not an amateur, provides a concise explanation for how you’re losing purchasing power to inflation everyday. Williams says, for example, that Social Security cost of living adjustments, if the government had utilized real data, should be double what they are today. Of course, that is simply not economically feasible for a government run retirement system that is a few years from collapsing using even manipulated data. In an interview with Goldseek Radio, John Williams, proprietor of the popular alternative statistics web site Shadow Stats, provides those with the desire to understand the real numbers a concise explanation of how the government calculates their statistics, why the need for manipulation, and what the real data are actually saying:
Our policymakers, utilizing all sorts of adjustments and machinations, are doing everything in their power to control the perceptions of the general population. If they were to come out and tell us the truth about what’s really happening to our currency you can fully expect panic buying of precious metals and hard assets would ensue. As we’ve pointed out many times before, the powers that be do not want anyone but themselves holding gold and silver assets, because then you are not beholden to their system of debt. Make no mistake, the US Dollar is in serious trouble, but so long as people, those like the aforementioned Mr. Daniel Gross, have faith in what they’re being told by the Fed, the US government and the mainstream media, that the inflation rate is under control at 3%, there is still calm. When the reality of what has happened becomes obvious, however, the people will go ballistic. And according to Mr. Williams, that time is coming sooner rather than later:
We’ve previously written of Mr. Williams warnings, and what we can expect in such a scenario in No Way of Avoiding Financial Armageddon:
~ John Williams – December 2009 The evidence is absolutely clear. The catastrophe cannot be stopped. The implications are life changing. Reprinted from SHTF Plan. September 2, 2011 Mac Slavo [send him mail] is a small business owner and independent investor. Copyright © 2011 Mac Slavo
|
