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Economist John Williams warns, “This is a very dangerous time both domestically and globally.” Maybe this is why gold and silver prices keep steadily climbing higher. Williams says, “As things get worse here, there is going to be a flight from the dollar into other currencies and, in particular, into gold. Gold is the long term store of wealth here. . . . Where we are ultimately headed here, the precious metals are a long term store of wealth. They preserve the purchasing power of your assets . . . if you have high inflation, you will still have your purchasing power. With debt collapsing and currencies collapsing, you are going to end up with inflation. Expanded debt is rapid money supply growth. It is debasement of the currency and debasement of the currency means inflation. . . . . It’s the type of thing that can be accelerated very rapidly if you have another crisis such as a big stock market crash. The economy is tanking and people start fleeing the dollar means you are going to be seeing rising inflation. If you see a big hit on the dollar, gasoline prices will go up.”
Join Greg Hunter as he goes One-on-One with economist John Williams, founder of ShadowStats.com.
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Greg Hunter of USAWatchdog.com gives his take on the week’s top stories in the Weekly News Wrap-Up.
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International best-selling author, journalist and counter-intelligence expert Daniel Estulin contends, “First thing you’ve got to understand is you’ve got to back Trump. Trump is not a person. I am not a card carrying Republican. People have to understand that our only way out of this is to make sure Donald Trump actually stays President of the United States because the entire welfare of Russia and everywhere else depends on the non-liberal crowd winning. The second point I want to make is make sure you have physical gold and silver.”
Join Greg Hunter as he goes One-on-One with best-selling author Daniel Estulin to talk about his latest book “In the Shadows of a Presidency.”
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Michigan State Economics Professor Mark Skidmore is being refused access to data that could explain $21 trillion in “missing money” from HUD and DOD. Now, the entire federal budget has been turned into a national security issue. There is literally no more public access to what the government spends your tax money on. Skidmore says, “Now, as of October 4th, we have effectively two sets of books. We have a set of books that can be manipulated and changed by a group of people that determine it’s a national security issue. They can alter the numbers and move things around within . . . or shift funding all the way to hide it. What we are going to do is produce a financial statement that is fake, and we will have no idea how much money was moved around, and we are all going to pretend we are going to have a real report. We will also have an actual report that will remain hidden. . . . It seems self-explanatory that if the government can’t track $21 trillion, there is something deeply wrong.”
Join Greg Hunter as he goes One-on-One with Michigan State Economics Professor Mark Skidmore, who discovered $21 trillion in “missing” money at the DOD and HUD.
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Best-selling author of “The Age of Anomaly,” economist Andrei Polgar predicts, “The next crash will be the worst the world has ever seen . . . because problems have kept accumulating. Now, we have come to accept the unsustainable as status quo. We look at the GDP ratio of Japan that is over 200% and we say it’s all fine. We look at Italy with 130% debt to GDP and say it’s fine. We look at France, Belgium and the United States with debt to GDP at around 100%, and we say it’s fine . . . they’re going to do more of the same and hopefully that’s going to work. That’s what keeps me up at night. What happens when that chain breaks? . . . . If things are this bad right now when, for better or worse, nothing is burning, what do you think is going to happen when we are going to have to deal with all our problems, when we have to deal with the unsustainable nature of our system? Things are already unbelievably bad here in Europe. We are buried under excessive bureaucracy. We have, for the most part, a pretty spoiled population, and this is true for other Western populations. . . . In Romania, at least we understand that sometimes systems fail, whereas in the Western world . . . way too many individuals are just getting by as it is. They are overly indebted. They are overly dependent on the system functioning flawlessly. If a small crack appears, then these people will not be able to cope with it.”
Join Greg Hunter as he goes One-on-One with economist Andrei Polgar, the best-selling author of “The Age of Anomaly.”
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