The global economic system began its collapse in 2008 and is no longer fully solvent; a subsequent financial supernova is inevitable.
According to a Financial Times article, since the last Great Recession, productivity has fallen to the lowest level in over 40 years.
Officials can no longer mask the fact that certain sectors of the economy mirror the conditions of the Great Depression.
The manufacturing sector is experiencing the longest period of non-expansion since numbers were first tallied nearly one century earlier.
Just over 3 years ago, the Venezuelan Bolivar was the premier currency of South America, near parity with the US Greenback.
Today it requires merely 1 dollar to procure 6,000 Bolivars - over the same period gold skyrocketed in terms of Bolivars.
The net impact is widespread starvation, looting and civil war, potentially a foreshadowing of things to come in the US.
At first, Fed policymakers will likely expand monetary stimulus via QE4, but such stimulus comes with the Achilles heel of exponentially decreasing returns.
The huge international capital-inflows currently propping up US equities via the US dollar, will reverse course posthaste.
Ultimately, the economic supernova will ignite via galloping inflation, next hyperinflation, sending the cost of goods and services soaring.
As the US dollar plunges to new lows, it will trigger the tipping point of the economic chaotic-system.
According to a Zero Hedge article last week, the dollar and Bitcoin are overbought relative to gold which is relatively underpriced.
John Williams aka Walter J. "John" Williams was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies.
John Williams' Shadow Government Statistics is a monthly electronic newsletter that exposes and analyzes the flaws in current U.S. government data and reporting, as well as in certain private-sector numbers. It also looks at the financial markets free of the hype so often put forth in the popular financial media. Generally published on the second Wednesday of the month, the newsletter is supplemented by Flash Updates and occasional Alerts that highlight unusual developments.
Arch Crawford cut his technical analysis teeth as first assistant to top Wall Street technician Robert Farrell at Merrill Lynch in the early 1960s. In 1977, following Arch’s extensive research into astrophysical phenomenon, astrology and its correlation to market performance, he edited and published the premiere issue of Crawford Perspectives market timing newsletter.
Today, nearly 40 years later, Crawford Perspectives continues to bring readers one of the most highly regarded and consistently accurate market timing newsletters available.
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