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This is component 1 of 2 of the complete meeting.
Making use of the exact same information collection and also calculation methods as the Bureau of Labor Stats made use of in the 1980s, John Williams, the owner of ShadowStats, determined that heading inflation need to be much higher than 5.4%, the most recent June release.
Actually, speaking to David Lin, anchor for Kitco Information, readjusted inflation must be closer to 13.5% and also is just going to obtain greater.
0:00 – Rising cost of living, adjusted
6:29 – 13.5% inflation
8:25 – Cash supply vs. inflation
13:50 – Cryptos as well as money supply
14:49 – GDP adjustments
17:24 – Trade balance and worldwide development
19:09 – Joblessness
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ShadowStats’ John Williams: Why inflation now is really 13.5% and will get higher (Pt. 1/2)
This is part 1 of 2 of the full interview.
Using the same data collection and calculation methodologies as the Bureau of Labor Statistics used in the 1980s, John Williams, the founder of ShadowStats, determined that headline inflation should be much higher than 5.4%, the latest June release.
In fact, speaking to David Lin, anchor for Kitco News, adjusted inflation should be closer to 13.5% and is only going to get higher.
0:00 - Inflation, adjusted
6:29 - 13.5% inflation
8:25 - Money supply vs. inflation
13:50 - Cryptos and money supply
14:49 - GDP adjustments
17:24 - Trade balance and global growth
19:09 - Unemployment
__________________________________________________________________
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.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.