John Williams Of Shadow Stats Interview January 23,2009 PART ONE OF FIVE

[Rico8458]

we have inflation right now. print more money = higher prices.  stop printing money = lower prices = deflation.

[eerfmi]

... that's why medicare and social programs are so underfunded, the governement calculate the payments to those services based on the CPI... (the underevaluated CPI...)

[eerfmi]

The calculation for CPI was changed by Greenspan and some other guy in 1996. Before 1996, the way to calculate CPI was to compare a standard basket of good for common consumption. Now, they can subtitut something for somthing else less expensive, like Greenspan said "If they can't afford steak, let them eat burgers..." Their is also an edonism principle that as been added, if a car is the same price but as new features, they calculate that the cost as gone down...

[dleddy1414]

I helped increase money velocity today. I took $9,000 in cash and dumped it into the market in exchange nine gold coins that are now in my sock drawer. Tomorrow, as soon as my check clears, I will again add to the velocity of money my dumping $9,000 more dollars into the system in exchange for gold. I would advise any readers to do the same if presented with the chance. After all, Zimbabwe Ben is going out of his way to keep the bubble inflated. This will help!

[08MVPyouKnowWho]

Where'd you go to buy your coins? I'm curious cause I wouldn't mind doing that myself.

[xxonebludxx]

Does anybody know what the required reserve has increased to?

[TodMcInerney]

I can see the shills are worried about this clip as well.

check out his web site if u dare

It would help if u pocess an iq of 20 or more

You might learn how to save yourself

Google shadow stats

[brtndr98]

Thanks for sending me this video. I'll spread it around.

[jimmyrtle]

You mean the government numbers?

They're widely available. You need a link?

[dgryder]

If you do not agree then what is your view.

Please share. And do you always believe the numbers that the government gives you

[jimmyrtle]

"If you do not agree then what is your view"

My view is that John William's numbers are a joke.

" And do you always believe the numbers that the government gives you "

Between the government CPI #s for last year, +0.1% and the Shadowstat #s +8%, I believe the gov #s more.

Maybe you can prove his 8% claim?

[dgryder]

Is your view limited to calling him a clown and a joke.

[jimmyrtle]

What else would you like me to call a guy who feels inflation was 8% last year?

Find proof for his claim yet? LOL!

[jimmyrtle]

John Williams is a clown.

He thinks inflation last year was 8%.

Anyone can pull numbers out of their ass.

LOL!

[crudeandrude]

Williams has very interesting points and I think we will see inflation soon.

[jimmyrtle]

See inflation soon?

According to John, you're soaking in it. LOL!

According to John, our GDP has benn shrinking since 2000. Clown.

[Gandalfina8]

If you took out all of the debt-funded GDP, what do you think the GDP would look like?

[jimmyrtle]

How would you decide which GDP was debt funded and why would you want to take it out?

Once you did, what will you prove?

[Gandalfina8]

If all of the positive growth is funded with debt (in fact, not only debt but BAD debt), then it isn't real. In other words, if many of the products were purchased on credit cards or second mortgages or first mortgages and now people are defaulting on those debts - nothing ever REALLY paid for those things. Yes, money changed hands from a bank, say, to the merchant . . . but when the debtor doesn't return the money to the bank, it's dust in the wind.

[jimmyrtle]

"If all of the positive growth is funded with debt (in fact, not only debt but BAD debt), then it isn't real"

Says who? And if debt gives positive growth, why is it bad?

Do you think trade deficits are bad?

[Gandalfina8]

Says ME. Paying your mortgage with your credit card when you have no hope of a serious increase in revenue in the near term is idiotic. That is basically what has happened on a broad scale. It's time to pay the piper . . . but there is nothing to pay him with. OOPS!

[jimmyrtle]

Paying your mortgage with a credit card doesn't add to GDP.

[Gandalfina8]

Try to think by analogy. What does it mean to create something when there is never any payment for it? If you can't understand the problem with this, I am starting to understand why we are in such trouble.

[jimmyrtle]

"Try to think by analogy. What does it mean to create something when there is never any payment for it?"

If there is no payment, your creation won't get sold. But it was sold. You got the money for it.

" If you can't understand the problem with this"

I understand the problem with widespread defaults on mortgages.

[dgryder]

Please pull your numbers out and share them with us.  I bet it wont be numbers you get. probably like your comment, a load of crap.

[AssilemakaMelissa]

People are putting too much faith in Obama.He is also just a puppet just like anyother President in the 2 party system. If he were not he would end up dead like JFK. People need to fight to end the fed and get things back to the way the were meant to be.Where we all are just allowed to take care of our family and eachother withour Government interference. If not we will see a depression and even good people will get desperate & do bad things to feed their family. Grow food, stock up on dry goods

[kazooga1234]

if we didnt have such a stupid president we wouldnt be in this mess we shouldnt of had all those wars

[morethan20]

kazooga, I agree that Bush made some very stupid mistakes, trust me I am no fan of busg, but this wasnt all his fault, hes only a puppet and did whatever he was told today by the people that really run this show. I dont think Obama is going to fix much of anything, but i hope Im wrong, I say godspeed Obama, I sure wouldnt want the mess he has inherited.

[kazooga1234]

even b4 obama got into the white house he already started helping out people who lost their homes caz of bush but even if bush was just a puppet im mostly blaming the idiots that voted for him caz its the people who voted for him that r really to blame

[morethan20]

Isnt that the truth, I sure didnt vote for him, he had already proven to me he wasnt the man for the job.

[intrascoobz]

What if there are those reps, senate leaders & those in congress who are in same boat as we've been? Disasters of Bush/Cheney era? Since 2000, # of lobbyists have dbld. Leadership has been corp heads (HDTV)& we've seen privatization a trend amidst downsizing, deregulation & the ppl regulated~ We all have inherited this mess! The childish play meets the grapeviine & the watchful eye is us! Contacting those leaders in mass #s is essential. Our voice! No show & deaf trusting ears enabled messes!

[AnduinX]

The primary cause of the economic collapse was the credit bubble created by the federal reserve. We've been consuming far more than we've been producing. The war certainly didn't help, it added to the debt, but I don't think it's right to say we wouldn't be in this mess if we didn't have a war. We'd still be over our heads in shit with or without the war.

[dgryder]

People can't use the War as the problem anymore. The gov. is passing a bailout plan that costs more then the war. Do you really think that the new pres is going to stop the war. NO. They could have stopped funding it long ago if they wanted because the dems had the power to do so. They do not want the blood on their hands for stopping it.

[kazooga1234]

if there was no war we wouldnt need a bailout plan the war shouldnt of even happened fucking bush/people who voted for that fuckup

[dgryder]

Great, another shallow minded opinion.

Tell your Obama to stop the war. We wouldnt need the bailout if the dems were not so corrupt

[kazooga1234]

they rnt corrupt look at what the republicans did they started this stupid thing its not that simple just to leave we cant just go in somewhere and destroy it then leave if we at least try to fix the mess we made then we rnt complete pricks

[therealcaptobvious]

Exactly!!! The "deflation" was the drop in gas prices. Quit listening to MSM and Bernanke's bs and look at the bls webiste and see for yourself.

[stockgunslinger]

I have been arguing that the drop in oil/gas prices could have been impacted if the government was buying dollars. I asked John to elaborate on that possiblity later in the interview. Many are being fooled thinking that the dollar is strong because other countries are weak. I am short the dollar.

[therealcaptobvious]

I sent you a message because I couldn't post the BLS website on the mb. You're totally right about this.

[anyusmoon1]

In my very humble opinion, we are not only headed toward inflation but depressionary or recessionary (practically interchangeable at this point) inflation.

[stockgunslinger]

John elaborates on the potential hyperinflationary depression later in the interview.

[kazooga1234]

with obama i doubt that there will be a depression now what happens after obama is another question