Friday, July 23, 2021

John Williams: Hyperinflation Threat is Real, U.S. Could Become Weimar Republic


John Williams, founder of ShadowStats, discusses with David Lin, anchor for Kitco News, why the U.S. is headed towards hyperinflation. 

Williams, who calculates the inflation rate using methodology the U.S. government used in the 1980s before revisions, estimated that the current rate of inflation is already 13.5 %, much higher than the 5.4% that the Bureau of Labor Statistics reported for June.

- Source, Kitco News