Inflation's running at 5% according to recently released CPI data. However, John Williams of Shadow Government Statistics argues inflation is much higher.
0:00 Intro?EUR<1:31 Real inflation rate13:48 No economic recovery20:22 The pre-COVID economy24:26 Gold, silver, & inflation28:41 No "transitory" inflation30:26 Basel III & gold
Walter J. "John" Williams has been a private consulting economist and a specialist in government economic reporting for more than 30 years. His economic consultancy is called Shadow Government Statistics (shadowstats.com). His early work in economic reporting led to front-page stories in The New York Times and Investor's Business Daily. He received a bachelor's degree in economics, cum laude, from Dartmouth College in 1971, and was awarded a master's degree in business administration from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar.