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Watch part 1 of the meeting on the real rising cost of living rate, according to ShadowStats:
John Williams, owner of ShadowStats, discusses with David Lin, anchor for Kitco Information, why the U.S. is headed in the direction of run-away inflation.
Williams, that determines the rising cost of living rate utilizing methodology the UNITED STATE federal government used in the 1980s prior to modifications, estimated that the existing rate of inflation is currently 13.5 %, a lot greater than the 5.4% that the Bureau of Labor Data reported for June.
0:00 – Is rising cost of living just temporal?
3:20 – Run-away inflation hazard
7:40 – Keeping standard of life
10:32 – Gold as rising cost of living bush
12:47 – Other inflation hedges
15:04 – Root causes of run-away inflation
21:08 – John Williams' history
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Hyperinflation threat is real; U.S. could become Weimar Republic – ShadowStats’ John Williams
Watch part 1 of the interview on the actual inflation rate, according to ShadowStats: https://youtu.be/gRlyuksgFJA
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.
0:00 - Is inflation only transitory?
3:20 - Hyperinflation threat
7:40 - Maintaining standard of living
10:32 - Gold as inflation hedge
12:47 - Other inflation hedges
15:04 - Causes of hyperinflation
21:08 - John Williams' background
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
