John Williams, of ShadowStats.com, says the Fed has given a false sense of security but did not fix the problems that led to the last meltdown. Williams warns, “People say everything is fine again—nonsense. You had a panic in 2008. . . . The system was on the brink of collapse. The Fed and the federal government did everything in their power to prevent it. They pushed things into the future, but they didn’t do anything of substance to address the underlying problems.” So, are we going to have another panic? Williams says, “Yes, and that is the type of thing that can break at any time, and you just don’t have the options you had in 2008 for buying time into the future.” Williams adds, “The odds are high you are going to see the beginnings of hyperinflation this year.”
Join Greg Hunter as he goes One-on-One with economist John Williams, founder of ShadowStats.com.
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