John Williams ofShadowstats.comreturns 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 coinsthe 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.
In Part II with Arch Crawford, head ofCrawford Perspectivesfor 42 years rejoins the show.
Arch notes that he is watching the crude oil market closely, noting the technical conditions for a move.
Our guest is also monitoring the PMs sector with one eye focused on the lower interest rate theme.
In particular therelatively tiny silver market remains near bargain prices relative to several competing assets.
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Guest Bios
Arch Crawford
Stockmarket Cycles
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.
John Williamsaka 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.
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