Wednesday, April 23, 2008

Fed Underrates Inflation

CNN Interview with John Williams (from ShadowStats.com). John has been an economist for many years and his keen investigative work has been responsible for illustrating how our Gvt manipulates a myriad of figures to radically understate inflation and unemployment while overstating GDP and a whole host of other data products -- yes, all the bogus, but "Official" data products that get cited by our gvt/media.

Here John discusses the rapid growth of M3 (our money supply) and what we can expect to see in our economic future -- Severe Inflation, falling dollar (worth_less) and a severe recession (the worst business cycle since the great depression); "potentially" followed by a Depression


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