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John Williams of Shadowstats.com returns to the show with a disruptive economic forecast.Shadowstats.com's analysis mirrors the work of Boston University Economist, Professor Kotlikoff.The nation may be facing a solvency crisis if long-term obligations continue to accumulate.John Williams finds that up to $80 trillion is required to keep the house-of-cards from imploding.The system is flooded with $20 trillion in US Treasury debt.John Williams notes the lack of interest in lower debt levels in Washington.Fed Chairman Alan Greenspan's noted the US could face default if the debts remain at lofty levels.The duo concur "perpetual quantitative easing," is likely making gold and PMs assets the ideal panacea.The dialogue veers to conjecture over the fate of the US Fed.Conjecture mounts over if the Administration plans to restore the Constitutionally prescribed gold money.The host coins the term, Fexit, i.e., exiting the Fed system.Such a drastic shift to a sound-money economy requires a gradual shift over many years.Time is required for to adjust to the former highly prosperous monetary system.Shadowstats and Goldseek.com agree, directing even a modicum of income to the PMs sector remains the best panacea for the inflationary specter lurking within the global economy.Click Here to Listen to the Interview
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.