In the simplest of terms, the U.S. dollar will take a beating in the end. That is going to be the result of all the bailouts and money printing to save an insolvent banking system. Today, I bring you two videos that speak to the dollar calamity that lies in front of the entire planet. The first is an audio interview with one of my favorite economists, John Williams of Shadowstats.com. Williams has a paid subscription newsletter that features analysis of what I call the “real” or “true” numbers such as unemployment, GDP and inflation. These are areas where the government uses accounting gimmicks to make the economy look better than reality. For example, unemployment is reported by the government to be 8.3%; but if it was computed the way the government dit it in 1994 or earlier, the true unemployment would be 22.5% (according to Shadowstats.com). The government numbers hide the fact the country and the U.S. dollar are both headed for deep trouble. The second video also talks about the dollar calamity and the effect it will have not only on the U.S. but the entire world. The videos are not long, but they are current and very thought provoking. Please enjoy.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.