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.”
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