-- Published: Thursday, 5 September 2019 | Print  | Disqus 

 * Mp3 format.

Recap.

• John Williams of Shadowstats.com returns to the show with a disruptive economic forecast.
• Shadowstats.com's analysis mirrors the work of Boston University Economist, Professor Kotlikoff.
• The nation may be facing a solvency crisis if long-term obligations continue to accumulate.
• John Williams finds that up to $80 trillion is required to keep the house-of-cards from imploding.
• The system is flooded with $20 trillion in US Treasury debt.
• John Williams notes the lack of interest in lower debt levels in Washington.
• Fed Chairman Alan Greenspan's noted the US could face default if the debts remain at lofty levels.
• The duo concur "perpetual quantitative easing," is likely making gold and PMs assets the ideal panacea.
• The dialogue veers to conjecture over the fate of the US Fed.
• Conjecture mounts over if the Administration plans to restore the Constitutionally prescribed gold money.
• The host coins the term, Fexit, i.e., exiting the Fed system.
• Such a drastic shift to a sound-money economy requires a gradual shift over many years.
• Time is required for to adjust to the former highly prosperous monetary system.
• Shadowstats and Goldseek.com agree, directing even a modicum of income to the PMs sector remains the best panacea for the inflationary specter lurking within the global economy.

John Williams of Shadowstats.com returns to the show with a disruptive forecast for the global economy and financial markets and big news for gold market enthusiasts. Shadowstats.com's analysis mirrors the work of Boston University Economist, Professor Laurence Kotlikoff; the nation may be facing a solvency crisis if long-term obligations continue to accumulate without lowering the Fed's balance sheet and unfunded fiscal obligations. Case in point, John Williams finds that up to $80 trillion is required to keep the house-of-cards from imploding amid a system flooded with $20 trillion in US Treasury debt. John Williams notes the lack of interest in lower debt levels in Washington, which could lead to dire financial issues for the domestic economy. Our guest notes former Fed Chairman Alan Greenspan's comments, the US could face default if the debts remain at lofty levels. The duo concur "perpetual quantitative easing," is likely making gold and PMs assets the ideal panacea for sidestepping the impending economic crisis, in particular, for preserving purchasing power and portfolio value. The dialogue veers to conjecture over the fate of the US Fed, such as whether or not the current Administration plans to curtail the power of monetary policymakers by restoring a Constitutionally prescribed gold money backing to the global reserve currency. Assuming the US Congress were to pass an Act to repeal the current system, the host notes such a drastic maneuver might resemble the Brexit, coining the term, Fexit, i.e., exiting the Fed system. Such a drastic shift to a sound-money economy requires a gradual shift over many years, to better prepare citizens, small-businesses, municipalities and corporations at every level of society for a return to the ideal prosperous financial system. Shadowstats and Goldseek.com agree, directing even a modicum of income to the PMs sector remains the best panacea for the inflationary specter lurking within the global economy.

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 -- Published: Thursday, 5 September 2019 | E-Mail  | Print  | Source: GoldSeek.com

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