John Williams & Chris Waltzek (Podcast)

John Williams & Chris Waltzek Podcast by Radio Gold Seek

Recap.

  • John Williams of Shadowstats.com returns to the show with provisos on the domestic economy.
  • Investors are advised to prepare for a recession as soon as the second quarter of 2019.
  • As soon as September Shadowstats.com analysis indicates Fed policymakers will begin a new rate cut cycle.
  • When adjusted for Real inflation (10% vs. 3% officially) retail sales are flat to negative and economic output is overstated.
  • This could put downward pressure on the US dollar and US shares.
  • Over the past decade, US policymakers have attempted to revive the domestic economy via $14 trillion in QE.
  • Inflation could send crude oil to new highs as well as the PMs.
  • Ultimately the world’s reserve currency will require revaluation against gold, the true reserve currency.
  • Unfortunately our guest expects policymakers to ignore the lessons of financial history resulting in hyperinflation.
  • Gold could then climb to $25,000+.
  • Our guest proposes a singular means to escape what he views as inevitable hyperinflation: gold and silver coins / bars.
  • The host adds that cryptocurrencies are de facto alternatives to fiat paper money schemes.
  • Bitcoin, Ethereum and related assets could also participate in the global currency endgame in extraordinary fashion.

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Gold Seek

Various authors presenting analysis and commentary on the precious metals, economy and precious metals mining markets.