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Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression

 
Anonymous Coward
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08/12/2010 11:48 AM
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Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression

Great Depression II
Aug 05, 2010 - 02:29 PM
By: The Energy Report

When Fed Chairman Ben Bernanke admits to seeing an "unusually uncertain" economy ahead, it's pretty terrifying to imagine what he's really thinking. What John Williams envisions—and he's by no means looking to the far horizon—is a systemic collapse, a hyperinflationary great depression and the cessation of normal commerce. Despite that bleak outlook, however, when the economist and editor of ShadowStats.com sat down for this exclusive Energy Report interview, he also had some good news.

The Energy Report: A few months back, John, you said, "if you strangle liquidity you always contract an economy and deliberately or not, liquidity is being strangled, resulting in sharp declines in consumer credit, commercial and industrial loans." Does this mean it would spur more economic growth if banks actually started lending?

John Williams: It sure wouldn't hurt. We're still seeing contractions in liquidity, and that's adjusted for inflation. In real terms, M3 money supply is down almost 8% year-over-year. It's the sharpest fall in the post -World War II era. It's not so much the depth of the decline in the liquidity or the duration, but the fact that the liquidity turns negative year-over-year that signals the economy turning down.

We had the signal in December of 2009 indicating intensification of the downturn, in this case, within six to nine months. We're in that timeframe now and see softening numbers. People are talking about a weaker economy. Even Mr. Bernanke has described the economy as "unusually uncertain" in terms of its outlook. Wording like that from the Fed is a pretty good indication that something's afoot.

CONT'D:

[link to www.marketoracle.co.uk]
Anonymous Coward
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08/12/2010 11:55 AM
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Re: Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
I agree 100%!!!
Anonymous Coward
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08/12/2010 11:57 AM
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Re: Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
This economy is bubles and more bubles awaiting to explode!
Anonymous Coward (OP)
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08/12/2010 12:27 PM
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Re: Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
I agree 100%!!!
 Quoting: Anonymous Coward 1065877


headbang
Anonymous Coward
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08/12/2010 12:29 PM
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Re: Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
WEeeeeee this is FUN
Anonymous Coward
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08/12/2010 12:29 PM
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Re: Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
If you read the economic threads all indicate this direction.
Anonymous Coward
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08/12/2010 12:32 PM
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Re: Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
Mr. Bernanke is certain that the economy is "unusually uncertain" in terms of its outlook-heh--heh, who writes this stuff..
Anonymous Coward
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08/12/2010 12:34 PM
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Re: Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
bsflag

They keep predicting it and it never happens.
Anonymous Coward
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08/12/2010 12:41 PM
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Re: Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
bsflag

They keep predicting it and it never happens.
 Quoting: Zazzummin

bump for you, you will see!
2010

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08/12/2010 12:43 PM
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Re: Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression
I agree 100%!!!
 Quoting: Anonymous Coward 1065877

+1