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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