AUG 8, 2016
Published on Aug 7, 2016
Economist John Williams thinks the global economy is weak, and a black swan could hit anytime and take it all down. The next crash will be the greatest ever. Williams contends, “It will certainly be a world class event that people will be talking about for centuries.”
On gold, Williams says, “I’ve been bullish on gold for as long as I have been bearish on the dollar and calling for the ultimate collapse of the dollar and hyperinflationary depression that will eventually unfold. The best hedge in that type of circumstance are the precious metals. I am talking about physical ownership of gold and silver. Personally, I prefer coins because they are liquid.”
So, what it the timing for what Williams says is a coming hyperinflationary depression? Williams says, “You could have a crisis at any moment. The circumstance is not stable for the economy or the global financial system or the banking system. There may be some type of banking crisis before the election that would force the Fed to move on quantitative easing (money printing). I think the Fed will try everything in their power to keep things stable until after the election. So, most likely the dollar selloff will come after the election. Once the dollar selloff starts, I think you will be seeing the stages of early hyperinflation well within a year.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist John Williams, founder of ShadowStats.com.
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