John Williams – The Great U.S. Collapse Nears

Posted By on March 15, 2011

John Williams doesn’t speak blindly, he has been a frequent guest on CNBC, Bloomberg, Barrons etc, and he has multitudes of statistics to back up his “seemingly outlandish” but more than likely correct forecast……By the way, Williams time frame falls into the period leading up to 2014, similar to the Kress Economic Cycle that takes us down hard from 2012-2014.

Williams suggests “building a store of key consumables, such as food and water, and moving assets into physical precious metals and outside of the U.S. dollar.”

A lot of very smart people have voiced similar ideas. Best to pay attention to the economic road out there folks!  If it’s wrong, the cost is minimal, if it is right….you may be able to stay afloat while everyone else is sinking.

John Williams – The Great U.S. Collapse Nears

March 15, 2011

John Williams:

 With the dollar remaining weak John Williams of Shadowstats had this to say in a special report, “The U.S. economic and systemic-solvency crises of the last four years only have been precursors to the coming Great Collapse: a hyperinflationary great depression.  Such will encompass a complete collapse in the purchasing power of the U.S. dollar; a collapse in the normal stream of U.S. commercial and economic activity; a collapse in the U.S. financial system as we know it; and a likely realignment of the U.S. political environment.”

“Outside timing on the hyperinflation remains 2014, but there is strong risk of the currency catastrophe beginning to unfold in the months ahead.  It may be starting to unfold as we go to press in March 2011, but moving into a full blown hyperinflation could take months to a year, beyond the onset, depending on the developing global view of the dollar and reactions of the U.S. government and the Federal Reserve.

Prerequisites to the crisis unfolding include: the Federal Reserve moving to monetize U.S. Treasury debt; the U.S. dollar losing its traditional safe-haven status; the U.S. dollar losing its reserve status; the federal budget deficit and Treasury funding needs spiraling out of control.  The Fed moved to monetize Treasury debt in November 2010. 

A much-diminished U.S. dollar safe-haven status has become evident in early March 2011, along with serious calls for a new global reserve currency.  The economy is not in recovery and should display significant new weakness in the months ahead, with severely expansive implications for the federal deficit, Treasury funding needs and requisite Fed monetization of debt.

As the advance squalls from this great financial tempest come ashore, the government could be expected to launch a variety of efforts at forestalling the hyperinflation’s landfall, but such efforts will buy little time and ultimately will fail in preventing the dollar’s collapse.  The timing of the onset of full blown hyperinflation likely will be coincident with a broad global rejection/repudiation of the U.S. dollar.   

With no viable or politically-practical way of balancing U.S. fiscal conditions and avoiding this financial economic Armageddon, the best that individuals can do at this point is to protect themselves, both as to meeting short-range survival needs as well as to preserving current wealth and assets over the longer term.  Efforts there, respectively, would encompass building a store of key consumables, such as food and water, and moving assets into physical precious metals and outside of the U.S. dollar.”

www. ShadowStats.com

KingWorldNews.com

 

About the author

Comments

4 Responses to “John Williams – The Great U.S. Collapse Nears”

  1. Sausalito Ferry Schedule

    Article writing is also a excitement, if you be familiar with after that you can write or else it is complex to write.|

  2. nice} says:

    The Stated Truth

    […] What host are you the use of? Can I am getting your associate link for your host? I desire my website loaded up as fast as yours lol[…]

  3. become a millionaire just pushing 3 buttons

    I woke up to see another $915.35 in my bank account

  4. Earn $480 in 60 seconds

    made over 83 millionaires in the last 9 months

Leave a Reply

You must be logged in to post a comment.

Copyright © 2018 The Stated Truth