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GoldSeek Radio Nugget: John Williams and Chris Waltzek

GOLDSEEK RADIO
By: Chris Waltzek, GoldSeek.com Radio

 -- Published: Friday, 17 November 2017 | Print  | Disqus 

Highlights

  • Alternative economist, John Williams of Shadowstats.com sees economic Armageddon on the horizon.
  • Over $100 trillion in US obligations make maintaining the national debt, impossible.
  • The actual inflation rate that most people experience is much higher than the official figure, which boosts revenues by hundreds of billions of dollars.
  • Despite protests to the contrary, the real unemployment rate remains stubbornly elevated (Figure 1.1.).
  • Our guest rejects the notion of domestic economic recovery - he expects quantitative easing (QE) to resume with gusto, leading to runaway inflation and elevated gold prices.
  • John Williams anticipates dollar selling and weaker economic conditions to send US share indexes lower in 2018.

Alternative economist, John Williams of Shadowstats.com sees economic Armageddon on the horizon, as over $100 trillion in US obligations make maintaining the national debt, impossible. The actual inflation rate that most people experience is much higher than the official figure, which boosts revenues by hundreds of billions of dollars. Despite protests to the contrary, the actual unemployment rate remains stubbornly elevated (Figure 1.1.). Our guest rejects the notion of domestic economic recovery - he expects quantitative easing (QE) to resume with gusto, leading to runaway inflation and elevated gold prices. John Williams anticipates dollar selling and weaker economic conditions to send US share indexes lower in 2018.

 

Figure 1.1. Real Unemployment Rate vs. Official Rate

Note: Graph prepared by Chris G. Waltzek - courtesy of Shadowstats.com.

 


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 -- Published: Friday, 17 November 2017 | E-Mail  | Print  | Source: GoldSeek.com

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