Félix Moreno interviews John Williams of shadowstats.com. John, a trained economist, provides economic data and reporting that often contradicts the official line coming from US Government reporting. Many people put more trust in his economic data than the official statistics.
John explains why he set up shadowstats and the problem with the official US inflation index, and the distortions it may have on broader economic measures.
Money supply (including the M3 measure, which is still calculated by John) is discussed. John then explains how these measures are faring since the 2008 crisis, why the money supply hasn´t exploded, and how the banking system was saved.
John expands his analysis to the wider US economy before Felix questions him about his view on gold. His long-term prognosis is stability for the metal as a store of wealth, instability for the currency and frightening inflation levels.
Read the complete article at GoldMoney here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.