According to the reports by John Williams [1, 2] that I have read, Williams is predicting hyperinflation to arrive at 2010. Hyperinflation is one of the possibilities I have ruled out previously [3]. Williams has recently also produced reports showing the manipulation behind the latest GDP and jobs reports published by the US government.
The Fed can crank up its printing press at full tilt but it will have no control over where the newly printed money will go. So far, we have seen them following into commodities, Crude Oil and Natural Gas in particular -- both of which I have managed to take advantage of.
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2 comments:
Boon,
Funny thing, towards the end of the video, when asked what the average joe should do in such a situation, john mentioned cash and a little bit of gold.
Cash? in times of hyperinflation? is that prudent?!
Just my 2 cents.
opine,
It was a short interview. Williams' advice was to stay away from stocks and bonds, i.e. converting your investment in stocks and bonds into cash, thereby being liquid. To hedge against inflation, put some of those cash into Gold.
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