John Williams Says We Could See Hyperinflation By 2014 / Dollar Collapse Seems Certain!!!

[mygaboo]

I listened to the link with Schiff and agree that a tax on metals exchange may occur. I doubt confiscation will occur, because a government is not in the business of holding assets, rather it makes money on the transfer of assets. I expect a levy on a number of asset classes. Anyway, new subscriber. Thanks.

[plalelal]

When a gallon of milk from local cows cost as much as a gallon of gasoline from oil in the middle east, something is wrong! Too m uch price supports for the big dairy farmer corporations!

[jnnycliff]

yup, china gonna buy more gold after their new year after they have all the cash around.

[openuniverse2003]

Will the price of prostitutes go up, too? DAYUM! That done be what be horrific, son! Word!

[MoneyBags73]

@openuniverse2003 Will probably be 10 oz. silver!

[VICSWEB1]

money bags what freeway is this

[MoneyBags73]

@VICSWEB1 580 through Livermore Ca

[jimbobubbadj]

@VICSWEB1 At least it moves during rushhour.

[VICSWEB1]

Alan G how does he sleep at night.

[NovusChaoMundi]

A little inflation can lead to a lot of inflation. Have you been to the grocery store lately? Holy shit.

[MoneyBags73]

@NovusChaoMundi Tell me about it. How about almost $4 gas in the dead of winter. Many people must be aware of these things but most have no idea how to prepare for what is coming. They think the ones who are responsible are going to have the solution. Once I truly understood inflation and what it has done to us over 99 years since the Fed was formed, it was like a great awakening.

[jimbobubbadj]

@MoneyBags73 "They think the ones who are responsible are going to have the solution. ", that's the problem.

[lextalionis2001]

@MoneyBags73 $4 gas is a steal. We are paying about $7 here in Japan. You guys have no idea how good you have it.

[bjarnet3]

@lextalionis2001 9,5 $ in Norway...

[2001lextalionis]

@bjarnet3 herregud det er dyrt

[principles101]

@lextalionis2001 Don't worry. We're heading in your direction. That's the problem. We're trying to stop it. If Ron Paul isn't elected, we're doomed. You're government did what we are doing now and that's why everything is so expensive in Japan. I was in Atami in the mid 90's and remember how expensive everything was and seeing that happening in the US now. Government intervention only makes things worse.

[2001lextalionis]

@principles101 interesting you should mention Atami. The city went bankrupt and now they have gates at the station to limit suicides

[principles101]

@2001lextalionis WOW! Atami was considered a vacation resort because of all the hotels and shows there. They had beautiful geyser springs all over; outdoor ones in the hotel we were performing at, the New Fujiya hotel. So sad to hear that. Thank you for the info.

[principles101]

@2001lextalionis There was also a Japanese American bar there we used to hang out at because that's where the American servicemen stationed over there at the base hung out. Not very many of the Japanese spoke English and were anxious to learn conversational English. It may be different now.

[principles101]

@2001lextalionis We are in really bad shape now over here in America. It's turned into police states. Many new laws are passing such as the NDAA which are stripping Americans of their constitutional freedoms.The economy is a train wreck...a bullet train wreck because of banker fraud bailouts falling onto the shoulders of the taxpayers. Food prices area rising monthly and our utility bills are following suit.People are losing their jobs and homes left and right. Government growing like a monster.

[sittinguy]

Inflation will be OK with me, I'm not rich, but I am SICK of ebt/welfare/section8/food stamp recipiants,,, living just as good as I am!!! And I work hard, with pride. I personally know a pillhead mother with 2 teenage daughters that get child support from the father,,,,,, AND gets $750 a month in food stamps..

WTF

I have a family of 4 and spend that much.

Bring on the inflation.

[MoneyBags73]

@sittinguy That is an interesting take on things. Hey I am not rich either. I agree 48 million Americans on food stamps is a situation that does not seem to have a good ending.

[bigrsoul]

@sittinguy ,well said sir, bring it on i say,your not the only one who is sick of the f&*%$g freeloaders in life...cheers.

[MrCruze87]

I feel it will be this year........ we will see

[SidneyBoud]

I should have added that there will be time after election to devalue the dollar this year.

[SidneyBoud]

I don't believe they will do anything like devaluation of the dollar before election. That would be the kiss of death for any politician who does it in an election year.

[MoneyBags73]

@SidneyBoud That is a good point. Kind of hard to imagine in an election year.

[bigrsoul]

Thanks MB73, I think Lindsay and john williams may be right, just have a look around at the prices for food etc, all it will take is another weather related natural disaster and food will double in price again. Its also looks like the perfect storm coming for world finance, everything is lining up perfectly for a massive collapse.....time frame could be as soon as march this year, check out Bix Weir channel for his time line, also for his gold report, quite astonishing,cheers, Richard

[JOConnor100]

Lindsay Williams is a crackpot. John Williams on the other hand is a consulting economist for fortune 500 companies.

[perfectscotty]

@JOConnor100 He has very little info. but what he does have has come true.

[TheJackyBear]

Great Video... You'll see hyperinflation before 2014... Starting to see it now... We're gonna have hyperinflation and deflation at the sometime...

[wesleytarbuck]

If the US gets hyperinflation, would the whole world get it to? or would it be confined to the US you think? since were on a dollar standard. Im in Australia.

[TruthOverFacts]

@wesleytarbuck From my understanding, yes. The dollar is the world reserve currency. If that falls, imo that will cause people who are using other dollars to be very concerned about their wealth and start to go into hard assets which will also help trigger crises in those countries. Countries usual run to the dollar when their countries currency has issues, what happens when its the dollar collapes? The only safe haven is gold/silver/farmland (not real estate).