That’s the word from John Williams, of shadowstats.com, when he was interviewed by Greg Hunter’s USAWatchdog.com. Now, he’s not saying that we will suffer immediate, massive inflation next year. But, he is saying that the process will begin sometime next year. After all, hyperinflation is inflation that accelerates, and prime examples of hyperinflation, Weimar Germany and Zimbabwe, show hyperinflation to be essentially logarithmic – starting out slow before blasting skyward.
Just take a look at a graph of the price of .35842 grams of gold in Germany, from January 1, 1918. Here’s what that graph looks like:
In just five years, an item worth one Papiermark required a trillion Papiermarks to purchase. (The ‘Note’ in the above graph is in error. The Reichsmark didn’t enter circulation until 1924.) But, notice how ‘slowly’ hyperinflation started. We probably won’t know that it has started until after hyperinflation has begun.
Did you notice how they were able to accurately determine inflation?
Right. They compared the currency to the price of gold.
Does this maybe hint at what you should do to protect yourself from next year’s hyperinflation?
Take a hint: Buy gold… NOW.
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Here’s the interview with John Williams:
Here’s the link:
Word of Warning: Predicting the timing of an event is a chancy thing. John Williams could be off by months, or more. But, the certainty of WHAT is coming should be frighteningly clear.
Are you ready for this?
Here’s a summary of the above interview from Greg Hunter’s USAWatchdog.com:
Early Stages of Hyperinflation Next Year-John Williams
By Greg Hunter’s USAWatchdog.com
Economist John Williams says the U.S. budget and debt ceiling circus is not the real problem. Williams contends, “The issue here, very simply, is the long term solvency of the United States of America. . . This gap based deficit is going to kill us . . . We are going to be in very serious trouble in this next year, and the global markets know this is happening.” Williams goes on to explain, “They are not going to address the long term solvency problems of the United States. That’s going to trigger a massive decline in the dollar in the not-too-distant future, and that, in turn, will give us the early stages of hyperinflation in this next year.” Williams says, “We’re basically at a point where we can’t kick the can down the road. This is it. . . . Going forward from here, you’re going to generally see a weaker dollar, and it will get much weaker. You’re going to have a dollar panic, but I can’t give you the exact timing on that.” Another potential problem is a credit downgrade of U.S. debt. Williams says, “If we get a downgrade here, that would accelerate the process of the dollar selling and moving us again into the early stages of hyperinflation.” Williams says you can protect your wealth by holding hard assets. Williams goes on to say, “If your assets are denominated in dollars and Treasury bonds, those will become worthless in hyperinflation.” Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.
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