John Williams: America is Bankrupt, Economic Collapse in 2014!

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John Williams

John Williams of Shadowstats.com Interview: The Next Crash Will Be A Lot Worse

http://usawatchdog.com/ - Anyone who thinks the U.S. is in recovery should stop listening to the mainstream media and listen to John Williams. He heads up Shadowstats.com, and is one of the few economists who crunches the numbers to give unvarnished true statistics.

Adjusted for real inflation of about 7%, Williams says, "GDP has plunged, and we have been bottom bouncing" ever since the financial crisis started. Williams says, "The next crash will be a lot worse (than 2008) because it will push us into the early stages of hyperinflation." He predicts this will happen "by the end of 2014" at the latest.

Long before 2014, Shadowstats.com thinks there is a good chance of "panic selling of the U.S. dollar," if the Federal Reserve starts another round of money printing (QE3) to save the system and the big banks.

No matter what Williams predicts, "There will eventually be a crisis to bring the system down as we know it. We're on the brink." According to Williams, "at some point, you will see a new currency in the U.S."

The founder of Shadowstats.com sat down for a one on one interview with Greg Hunter to talk about the mathematical certainty of a systemic collapse in the not-so-distant future.

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Marc Faber: 100 Percent Odds Of A Global Recession

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Marc Faber: 100% Chance of Global Recession In this "Closing Bell" excerpt, 'Gloom, Boom, & Doom Report' publisher Marc Faber explains why he thinks there's a 100 percent chance a global recession is coming.

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Central Banks Are Buying Gold!

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Gold!

The World's Central Banks Are Bulking Up In Gold

At least the central banks in countries that are not already bankrupt! Why do you need gold if you promote a fiat currency system? For global systemic collapse?

The World Gold Council has released its latest quarterly Gold Demand Trends report.

Demand for gold as an investment got crushed in the second quarter this year, declining 25.9 percent from last quarter – the worst quarter-over-quarter drop seen since the third quarter of 2010.

The drop in investment demand was led by weakened demand in India and China for physical gold like bars and coins. The WGC report says that in both countries, "interest in gold bars and coins remains fundamentally strong," but the slump in demand in the second quarter came from profit-taking in India and directionless price action in China.

On the other hand, official sector purchases soared in the second quarter, with central banks around the world scooping up 157.5 tons of gold. That number marks a 62.9 percent increase from the first quarter and a whopping 137.9 percent increase year-over-year.

It is also the most gold central banks have bought up in a single quarter since the WGC started tracking the numbers in the Q2 2009. Buyers include South Korea, Turkey, Russia, and Ukraine.

(Business Insider) 

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Peter Schiff: Endless Fed QE, Paul Ryan's Hopeless Budget, Bond Bubble Bursting

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Peter Schiff

Endless QE, Ryan Budget All Hope No Change, Has the Bond Bubble Burst?

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USA Consumer Sentiment At 3-Month High

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USA Consumer Sentiment: Thomson Reuters / University of Michigan

Consumer sentiment at three-month high in early August

(Reuters) - Consumer sentiment improved in early August to its highest level in three months as sales at retailers and low mortgage rates spurred Americans to boost their buying plans, a survey released on Friday showed.

But concerns about rising food prices caused a jump in both short- and long-term inflation expectations, the Thomson Reuters/University of Michigan consumer sentiment survey showed.

The preliminary reading on the index on consumer sentiment rose to its highest level since May at 73.6 from 72.3 last month, topping economists' forecasts for a slight uptick to 72.4.

"Although the growth rate in personal consumption expenditures can be expected to rebound from the second quarter lull, growth can be expected to remain just under two percent to the end of the first quarter of 2013," survey director Richard Curtin said in a statement.

USA Consumer Sentiment by Month

USA Consumer Sentiment by Year

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Decline of America: Goldman Sachs Escapes Charges on Mortgage Investment Fraud!

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Wall Street Banksters Goldman Sachs Commit Largest Fraud in Human History and Walk Free!

Gerald Celente on Eurozone Reckoning Day and How Goldman Escapes Charges!

The corrupt United States federal government has allowed the Goldman Sachs Gang of investment bankers to walk free from the mortgage investment fraud committed in prior years as part of the 2008 financial system crisis.

Both the President and Congress have been successfully bribed by Goldman Sachs CEO Lloyd Blankfein and his accomplices to enable them to be above the so-called USA Law.

The Washington criminals, known as Democrats and Republicans, and their Wall Street Bankster counterparts continue to rob and ransack American citizens' wealth at their pleasure.

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USA Consumer Confidence Rises to 3-Month High

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The Conference Board: Consumer Confidence Index


Consumer Confidence Index by Month The Consumer Confidence Index (CCI) reached a Post-Great Recession peak of 72.0 in February 2011. The Great Recession cyclical low was 25.3 in February 2009. The Pre-Great Recession peak was 111.9 in July 2007.



Says Lynn Franco, Director of The Conference Board Consumer Research Center, "Despite this month's improvement in confidence, the overall Index remains at historically low levels. Consumers' attitude regarding current conditions was little changed in July, but their short-term expectations, which had declined last month, bounced back. However, while consumers expressed greater optimism about short-term business and employment prospects, they have grown more pessimistic about their earnings. Given the current economic environment — in particular the weak labor market — consumer confidence is not likely to gain any significant momentum in the coming months."

Consumer Confidence Index by Year For each year, the related months are averaged. The Great Recession low was in 2009 at a 45.2 average and the Post-Great Recession peak has been 2011 at a 58.2 average, which is a 4-year high. For the 6 months ended June 2012, consumer confidence is at a 5-year high of 66.3.

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USA Consumer Sentiment At 7-Month Low

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USA Consumer Sentiment: Thomson Reuters / University of Michigan

Consumer sentiment falls to 2012 low

(Reuters) - Consumer sentiment fizzled in July, falling to its lowest level of the year, as Americans took a dim view of the employment situation and their income prospects.

The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment fell to 72.3 from 73.2 in June. It was the second month in a row attitudes have soured and the lowest level since December.

"While consumers do not anticipate an economy-wide recessionary decline, they do not expect a pace of economic growth that could satisfactorily revive job and income prospects," survey director Richard Curtin said in a statement.

"Moreover, consumers have become increasingly convinced that current economic policies are incapable of solving the underlying problems facing the economy."

USA Consumer Sentiment by Month

USA Consumer Sentiment by Year

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