John Williams – We Are Beginning To Approach The End Game, Safe Haven Flight Will Be To Gold.
Beginning to Approach the End Game. “Nothing is normal: not the economy, not the financial
system, not the financial markets and not the political system. The financial system still remains in the throes and aftershocks of the 2008 panic and near-systemic collapse, and from the ongoing responses to same by the Federal Reserve and federal government. Further panic is possible and hyperinflation remains inevitable.
Typical of an approaching, major turning point in the domestic- and global-market perceptions, bouts of extreme volatility and instability have been seen with increasing frequency in the financial markets, including equities, currencies and the monetary precious metals (gold and silver). Consensus market expectations on the economy and Federal Reserve policy also have been in increasing flux. The FOMC and Federal Reserve Chairman Ben Bernanke have put forth a plan for reducing and eventually ending quantitative easing in the form of QE3. The tapering or cessation of QE3 is contingent upon the U.S. economy performing in line with overly-optimistic economic projections provided by the Fed. Initially, market reaction pummeled stocks, bonds and gold.”
from Gold Money News:
Episode 137: Félix Moreno interviews John Williams of shadowstats.com. John, a trained economist, provides economic data
and reporting that often contradicts the official line coming from US Government reporting. Many people put more trust in his economic data than the official statistics.
David Morgan: gold is not just a commodity. It is money.
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