Cash and money in people's checking accounts are up 51% year over year. That's a record. Returning guest this week on Retirement Lifestyle Advocates radio, John Williams and your host Dennis Tubbergen discuss this trend and others that are leading up to a declining economy and rising inflation.
Mr. Williams is a consulting economist who maintains the website Shadow Stats.com. He tracks and reports economic data using the methodologies formerly used by government agencies prior to changes being made to make the reported data look more favorable, and estimates the true, real inflation rate to be significantly higher than the reported rate.