Hyperinflation and a collapse of the US dollar now appear to be on the horizon. The FED continues to create dollars at unprecedented levels, up 75% in the last 12 months alone and with no signs of stopping. Our guest this week is economist John Williams. Your host, Dennis Tubbergen, discusses hyperinflation and phony government statistics on this week’s Retirement Lifestyle Advocates radio program.
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.
For information about John Williams and Shadow Stats, please visit www.shadowstats.com.