Fed Will Be Forced to Print & Kill Dollar-John Williams

Anthony Australia 🇦🇺 01/29/2017  •

Sorry Greg, edited;

The banks in Australia are lending like no tomorrow, valuations of collateral is over the top. I am asked weekly by my lender about a second investment property, I don’t even have 1, and they refused to swap my variable home loan to fixed on my request. I had to change my mortgage to another institution that offered fixed home loans for 5 & 7 years.
A family member with super poor credit and I mean poor credit, drove a $40,000 car off the lot after being approved in 45 minutes. I have a feeling we are going into our own sub-prime crisis, so many people are in debt and leveraged to the eyeballs.

This sceptred Isle 01/29/2017  •

Every economist should know that hyperinflation is caused by:
1) excessive creation of money
2) increase in velocity of money

It seems that excessive creation of money has already happened but that the drop in velocity of money to record low levels has prevented inflation from taking off. This seems to be a trap as now policy makers believe that you can create massive amounts of money with little inflationary impact. However, the mindset of the crowd could change suddenly causing a devastating surge in inflation.

Gadfly 01/29/2017  •

THE REAL DANGERS

The U.S. Dollar is EVERYWHERE in the World and still dominates foreign exchange markets by far. This won’t change much any time soon just because of FED monetary policy, as we have found out. Its takes more than the FED to shut-down the U.S. Dollar. What it really takes is a nuclear first strike by an outlaw nation like N. Korea, at China’s behest of course. This is how it will actually happen, in all probability.

You need to invite author and consultant Joel M. Skousen ( “Strategic Relocation” ) to talk about this future threat in real terms. People will need his insights if they hope to survive what is coming to America. If it does happen, millions of people will die, especially in or near our cities.

Tim 01/29/2017  •

So if I understand Mr. Williams correctly, the economy will continue to turn down for the rest of this year but will start to improve in 2018. Well, that won’t be so bad. I mean, right now in some parts of the country things are pretty good. That’s certainly true in my area. The economy is booming here. And that’s not hyperbole. There is so much development going on here, both commercial and residential. Homes are selling as soon as they go up for sale. Land is being cleared to put up new subdivisions. New businesses are opening. Companies are expanding by opening new stores. If this is a contraction I can’t wait to see what will happen in 2018.

Now, I agree that the federal government’s insolvency needs to be addressed. But I think the only way to balance the federal budget and “stop the bleeding” is to reform the social insurance programs (i.e. Social Security, Medicare, etc.). But Trump has stated that he isn’t going to touch those programs. Can he balance the budget by increasing federal revenue, through job creation, and cutting discretionary federal spending? I doubt it.

dlc 01/29/2017  •

“Customs agents ignore judge,” the judge being an Upchuck Schumer ally, Obama appointee, female, family court lib from Brooklyn. Says it all. That’s even beyond a trifecta. What would 6 lib factors amount to in one word? I’ll just call her a “VI red.”

Confrontation seems to be where we’re headed. I am very happy we are finally addressing what has been a chump policy, an invasion that dare not speak its name.

Andrew Maggard 01/29/2017  •

I continue to read, hear of a reoccurring theme, that of hyperinflation. This is being bantered about more and more, especially over the past year. If in fact the economy enters a free fall scenario, where it becomes inflate or die, we can expect the path of least resistance to be in play, absolutely no one will be willing to undergo the hardship of enduring an extreme severe fiscal policy necessary to avert such an event. Unfortunately the severity of the coming events will force the hardship that every one seeks to avoid. A hyperinflation scenario in this economy and this day and age will produce events and consequences unimaginable to anyone who is even remotely familiar with the outcome of the great depression.

steven 01/29/2017  •

Hey…listen! I don’t mean to sound negative because I am an American citizen. But isn’t it a little too late for Trump to turn this around, I mean our creditors are still selling our treasury bonds as we speak. And if John Williams is correct about re-liquidating the backs again with QE, then what should our creditors reaction be reacting to this? I am no expert but if the dollar goes, isn’t everything going down the drain for the United States? Thanks, Greg keep up the great work that you do. God bless!

Pinocchio 01/29/2017  •

QE will not kill the USD, only devalue it. Federal Reserve will respond the devaluation by another QE which will devalue the USD further. Someday in the near future, this vicious circle will be broken by Federal Reserve’s ultimate weapon: HQQE (Hyper Quantitative and Qualitative Easing) and the second golden age of USD will finally come for all humans in this solar system.

Thank you for your willingness to read my message. Now, if you allow me, I will finish my beer and then go to bed.

Rodger 01/29/2017  •

Mob psychology.
Works both ways, if a group of people believe that everything
is going to collapse but that group is out numbered by people
people who think that everything is fine then which side will
do better. The doom and gloom has been on the wrong side
of this market re inflation. If I understand Mr. Williams correctly
the future actually looks much better. In my area of the country
houses are being sold for top dollar. My neighbors all drive late
model cars. Restaurants and night club business is doing very well.
I hold some precious metals but my individual stocks and index funds
have made me very wealthy the last eight years. America is not going
anywhere but up. Happy to hear Mr. Williams has finally capitulated
and has figured out what many have known.

JC Davis 01/29/2017  •

To fix the USA is to suffer the world. We print the dollar, we have the jobs, we buy our own goods, and thrive ! Sounds good until you do the math. With 7 billion people in the world, 325 million already live better then 7 billion. The greater America becomes the lesser the world becomes. The dollar is a house of cards.
A old saying comes to mind, If frogs had wings.

pat the rat 01/29/2017  •

The only question is who will call the fed banks bluff twenty trillion in debt dose seem to do it, maybe it will come at twenty five trillion,but some day the bluff will be called?

your fan in Japan 01/29/2017  •

My Monday morning newspaper informs me that Prime Minister Abe is going to
use “Judo tactics” to deal with Trump. That is the headline. God knows what it means.
Any judo wrestlers out there- if you can read into what that might mean, best inform Trump. FWIW

Mike from the North 01/30/2017  •

60 DAYS!!!!!!!!!!

I suspect that the next 60 days will rock the financial world. This PONZI is done. Truth Bombs are going to drop all over us.
If you are not ready then you likely are at risk.
This just cannot go on for much longer.
Recently I went trough the process of setting up some banking adjustments and the level of CONTROL and REQUIREMENTS were beyond belief.

I read this as a sign of desperation by the banks, financial institutions.

Jerry 01/30/2017  •

Isn’t it great that a country that receives 1.5 Billion dollars a year in foreign aide from us just gave us the financial finger?
http://af.reuters.com/article/investingNews/idAFKBN15E0J4
No wonder this country is broke.

James Brown 01/30/2017  •

Greg,
Thank you for another great interview.
What if Trump cuts out the wasteful number of government employees and the foolish spending?
What if 80,000,000 of the 95,000,000 working age Americans is able to go back to work?
The tax collections would just about double-watershed. Kind of like all the rain we are getting here in California-drought over-national deficit over.
Hey, I can dream can’t I?
Remember-Martin Armstrong says, “when you raise taxes-you eliminate jobs-there is a direct correlation”.
Speaking of our great brother Martin-please interview him-I would like him to give us an approximation of what will be happening month by month for the next 24 months
Thanks again.

David 01/30/2017  •

Well – your guest Mr. Williams has been singing the same old song for nearly 10 years! I wonder – when will someone will ask him to explain how he can be so wrong for so long and still have any credibility?? Another worthless interview!

Galaxy 500 01/31/2017  •

Greg,
This high lights more fake news and another attack on the second Ammendment. My apologies for the length to all fellow Warchdogs.
http://www.thefirearmblog.com/blog/2017/01/27/washington-post-suppressors/

REBUTTAL: Washington Post On Suppressors
Posted 3 days ago in Daily News, News, NFA / Suppressors / Class III by Pete with 184 Comments
Washington Post
Robert J. Spitzer, author of Guns Across America, penned an opinion piece about silencers in the Washington Post this week. Like much of what we are accustomed to reading about firearms in today’s media, Spitzer is disingenuous in his arguments against the Hearing Protection Act (HPA) – a bill that proposes suppressors be removed from the National Firearms Act (NFA) of 1934. He begins:
Gunfire — loud, sharp, rude, abrupt — is an important safety feature of any firearm. From potential victims who seek to escape a mass shooting to a hiker being alerted to the presence of a hunter in the woods, the sound warns bystanders of potentially lethal danger. Yet gun advocates insist there is a greater danger: hearing loss by gun owners.
I am sure Spitzer is not the first gun control advocate to suggest that the report of a firearm is actually an “important safety feature”, however it is the first time I’ve heard it used in this context. A common misconception about silencers that has been repeated numerous times, is that a suppressed weapon can be used as a “silent killer”. Just two weeks prior, the author’s same publication addressed the Hollywood perception of silencers, confirming they are anything but silent.
Follow the The Firearm Blog Suppressors Channel
Proponents of the deregulation of silencers, such as myself, will repeat this one fact over and over: legally referred to as silencers, these devices do not silence a firearm. In the majority of cases, additional hearing protection, such as ear plugs, must be worn even when a suppressor is used while shooting. So the author’s argument that silencers remove a “safety feature” (loud noises) from a discharged firearm is already crumbling. Honestly, for a professor, I’d expect at least some research followed by fact-based arguments.
But don’t take my word for it, Knox Williams, President of the American Suppressor Association (ASA) introduced me to Dr. Micheal Stewart, Director of Audiology at the Department of Communication Disorders at Central Michigan University. I asked Dr. Stewart “Is it possible to damage a persons hearing when using muffs or plugs alone?” He writes:
Yes, it is possible, especially if individuals are shooting numerous rounds of large caliber firearms with hearing protection devices (HPDs) that are not properly applied. For instance, the famous yellow plug has a high noise reduction rating (NRR), but it must be inserted properly. Also, it is not well suited for small, curvy ear canals so there is not a good acoustic seal and thus individual do not achieve the tabled attenuation values. In fact, NIOSH has de-rated formable plugs 50%, muffs 25%, and most other plugs 70%. The real world attenuation values may be significantly lower than the attenuation values obtained in the laboratory. Additionally, our research at CMU has consistently found that most hunters do not wear HPDs during hunting activities and many target shooters do not wear HPDs on a consistent basis.
He continues:
As hearing conservationist, we are interested in the science regarding suppressors, not the politics. There is no doubt that suppressors (often incorrectly referred to as silencers) are effective in reducing auditory risk, however, HPDs should be used in conjunction with suppressors to further reduce risk. Depending on the type of firearm, caliber of firearm, and the acoustic environment, recreational firearm users may be able to wear HPDs with lower NRR values that still allow them to hear while protecting their hearing when shooting firearms equipped with suppressors.
‘Hearing Conservation, Not Politics’. Sounds familiar…
But there is a deeper concern with Spitzer’s Washington Post editorial, Spitzer makes claims regarding the HPA that need to be addressed. He writes:
The NRA is renewing with gusto its misbegotten push, begun in the last Congress, to make gun silencers easier to acquire by swiping a page from the public health community’s long-standing efforts to warn of the dangers of firearms. The Hearing Protection Act, which would remove federal registration and identification requirements for those seeking gun silencers…
First off, suppressors will only be “easier to acquire” because of the disappearance of abnormally long wait times to possess silencers which are fueled by bureaucracy and not due to a lack of background checks. The HPA proposes that the purchase of silencers be treated the same as long arms, which means that prospective buyers will still need to undergo a background check and follow all state and federal firearms laws. Let’s not forget that sound suppressors are nothing more than hollow tubes – they can’t fire any ammunition on their own.
Which leads me to another point: basic firearm silencers can be constructed from materials found in two isles of a hardware store for less than $20. If would-be criminals were so inclined, in a few hours time they could fashion a firearm suppressor that performs on par with commercially manufactured suppressors. Of course, in the process they would be violating several federal laws, punishable with a minimum of ten years in prison. But everyone knows that criminals check to see which laws not to break, on their way to break several other laws.
Since silencers don’t actually silence firearms and add up to a foot of length to any weapon, an overwhelming majority of criminals give no thought to attaching a muffler to their instruments of criminality. We are talking about statistically insignificant percentages of suppressors being used to commit crimes.
Go on, Professor, you were saying:
Absent some kind of cataclysmic hearing-loss crisis by America’s tens of millions of gun owners, this political push should be recognized for what it is: an effort to provide an extremely small benefit to gun owners that willfully ignores what can happen to others once a bullet leaves a gun barrel. The lifesaving safety benefits of gun noise should weigh far more in the silencer debate. Just ask anyone caught in the vicinity of a shooting.
Since when do shooters “willfully ignore” what happens when a bullet leaves a barrel? And yes, most suffer from some form of hearing loss; no it’s not an “extremely small benefit”. In a recent post by the ASA, they reference a 2011 report completed by the Centers For Disease Control (CDC) after a noise and lead analysis at a range in California. On page five the authors conclude:
The only potentially effective noise control method to reduce students’ or instructors’ noise exposure from gunfire is through the use of noise suppressors that can be attached to the end of the gun barrel. However, some states do not permit civilians to use suppressors on firearms.
It’s journalism like this column in the Post, masked as news analysis, that makes much of America wary of what they read in papers today. The Washington Post touted your opinion piece as being written by an expert, and yet you willfully ignore facts, data and evidence to push an agenda.
For shame, Professor. A man with your educational background should understand that fact-based arguments outweigh emotional rhetoric. Almost every aspect of your opinion piece is invalid and rooted in common misconceptions.
The HPA removes unnecessary barriers to lawful suppressor ownership through deregulation. Sure, they will no longer be listed on the NFA registry (a glorified national list of tubes), but each buyer must still pass the same background check used for every other gun purchased in the United States. And remember, silencers cannot fire a single bullet on their own.
This is the part of the article where I am supposed to offer you the chance to come over and shoot a few suppressed firearms in an attempt to “win you over”. No thanks; after reading your borderline slanderous opinion piece, I’m certain there is no empirical evidence that will help you come to an informed decision.
Ironic that we are talking about silencers since it is pretty clear that you are stuck in your own echo chamber.

dlc 01/31/2017  •

Trump fires Obama-appointed AG. He also needs to go after Clinton and Soros to restore order to this country. If he blinks they will bury him literally.

His SCOTUS pick on the other hand will receive more arrows than Justice Thomas. A lot of those arrowheads will be supplied by the Republicans who did everything but shine shoes for Sotomayor and Kagan. This candidate will first receive a rectal, followed by a colonoscopy, then will be threaded with 100-foot garden hose just for starters, looking for the slightest clue of impropriety.

McCain will be playing his usual Marlon Brando in the “Apocalypse.” Schumer will staff the Kleenex concession. Graham will provide the smelling salts. To think Scalia was offed without gain just to have a younger conservative take his place. As Brando would say: “The horror, the horror.”

Mike from the North 01/31/2017  •

I just mailed a postcard to GOD

On the postcard I wrote the following statements to GOD.

GOD WHY DID YOU NOT ALLOW ME TO BE BORN WITH A LOW IQ????
Yes GOD …I mean as dumb as the TOAD..
As A TOAD GOD my life would be so much simpler.
I then went on to explain the following to GOD.

Had he allowed me to be born just a little less intelligent than I am presently, I likely would not have become interested in History.
I would not likely have become interested in Monetary matters.
I likely would have become interested in sports and would own a 62 inch TV and a Recliner with a built in Beer Cooler.

My nickname would have likely not become MIKE but more likely something like Bud or Boomer.
My favourite saying would likely have been… “Hey Joe pass me a BUD light out of the cooler.”

Oh HOW MY LIFE WOULD BE SO MUCH SIMPLER if my biggest worry was the status of the number of beers in the fridge.

To all you Football fans please accept my apology for speaking in such a manner.

How my life with less logic would be so much easier and how my caring for the people around me would be more simple if my greatest concern was the status of my beer inventory.

Loss in the clutter of a not so simple mind.

Mike aka BOOMER.lol