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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Bill on the Hill who wrote (9175)	4/12/2008 7:42:04 PM
From: Nihontochicken	Read Replies (2) \| Respond to of 50758

If you fear a hyper-inflationary depression is coming, well, get ready by first scaring the crap out of yourself listening to today's Jim Puplava Financial Sense phone interview of John Williams of Shadowstats.com. (publishes true inflation and growth statistics, stripping out the Gubmint finagle factors such as hedonics and substitution). Here is the link to download the podcast: netcastdaily.com Length is 42:22. It's a sobering listen. Note especially Williams' reference at about 3:00 to the ballooning M3 money supply (17.4%/yr growth now, eclipsing the old high of 16.4%/yr in June, 1971), also his reference at about 12:00 to David Walker, recent Comptroller General of the United States, now a private citizen on a Quixotic quest to warn the public of the coming financial and economic meltdown. I sincerely hope Williams is wrong in his bottom line conclusion, sez that it is too late to avoid a hyper-inflationary depression, and it's now every man for himself, we're past the tipping point. Also opines as a life long Republican with a Libertarian bent (hey, I resemble that!), it's time to $#*^can both the Dem and Rep parties and bring a financially responsible third party to power. I agree, but the public had their chance already with Ron Paul, and they booted it, so screw 'em, have fun watching American Idle until the ax comes. Here's the link to Williams' shadowstats.com if you haven't been looking at it regularly: shadowstats.com Note that Williams' M3 chart, though showing less volatility due to his calculational methodology (I presume), is essentially the same as that by nowandfutures.com, an unrelated group effort: nowandfutures.com I think I see a lot more CEF in my future. NC