By Greg Hunter’s USAWatchdog.com 

There was a bombshell Senate Hearing this past week that revealed the FDA ignored major warning signals just before the Biden Administration mandated them.  In the hearing May 13, Senator Ron Johnson summed it up by saying, “There were around 280 deaths caused by vaccines in VAERS (Vaccine Adverse Event Reporting System) since its inception in 1990. . .There were a massive number of claims coming into VAERS.  In 2021, over 21,000 CV19 vaccine deaths were reported in VAERS. . ..  They were warned how they were analyzing VAERS data and how it would mask and hide safety signals. . .. There were 25 safety signals, including sudden cardiac death, Pulmonary Infarction, Bell’s Palsy, different types of strokes, month after month, after month. . ..  The FDA lied to the American public and said they saw no safety signals. . ..  They blamed the unvaccinated for continuing the pandemic and said we need to mandate this. . .. thousands of people are permanently disabled or possibly lost their lives because our FDA hid the fact that there were safety signals screaming at them with the Covid injection.” This is the definition of FDA Covid Crime.” (more…)

By Greg Hunter’s USAWatchdog.com

Economist and founder of ShadowStats.com, John Williams says the government’s “phony numbers” don’t show the public how bad things really are with the economy.  Williams prides himself in giving you the actual economic numbers without “accounting gimmicks” that make things look better than they actually are.  For example, the latest official government number on inflation shows 8.3%.  It’s officially a 40-year high.  It gets worse when you strip away all the “accounting gimmicks,” and you see the real number that is burdening real people in the real world.  John Williams explains, “My inflation number shows a 17.3% peak in June, and right now it is 16.5%.  That is at a 75-year high.   I think you will find people are having a more difficult time than they were having 40 years ago.” (more…)

By Greg Hunter’s USAWatchdog.com

Economist John Williams says the economy is in deep trouble, and the Fed knows it.  Williams says the Fed talking up “robust economic growth” that is causing inflation is “nonsense.” Williams explains, “The one thing that is not causing inflation is ‘robust economic growth.’  So, when they talk about raising interest rates to kill this robust economic growth that’s triggering the inflation, that’s absurd, and the Fed knows it. . . . (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Economist John Williams, founder of ShadowStats.com, says the economy is much weaker than it appears. Williams cuts through the phony gimmicked government numbers to give a true economic picture. His analysis shows the economy is already slowing down anew. This is why the Fed just announced it will not be ending the massive money printing and start the so-called “taper” anytime soon. (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Economist John Williams, founder of ShadowStats.com, says the Federal Reserve has painted itself into such a tight corner with the economy it really has only two choices.  Williams says it comes down to “Inflation or Implosion.” What would happen to the financial system if the Fed stopped printing massive amounts of money for stimulus and debt service?  Williams explains, “You could see financial implosion by preventing liquidity being put into the system.  The system needs liquidity (freshly created dollars) to function. (more…)

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Economist John Williams says don’t think the happy news on CV19 vaccines is going to get the economy back to normal anytime soon.  Williams explains, “Put all the political turmoil aside for the moment.  The markets respond that this (CV19 vaccines) is going to turn the economy.  My point is it is not going to turn the economy . . . at least not soon because of what has happened to the economy and the severe structural damage.  We have had a lot of companies go out of business, in particular, small companies.  A lot of people have suffered, and we are going to have more of that going ahead.” (more…)

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

While the country was distracted with the Covid-19 lockdown and economic crisis, the Federal Reserve made a huge banking requirement change never before done in history. The Fed cut “. . . reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.” (Read for yourself here.) What does this profound change mean? Economist John Williams says, “The system is bankrupt, and they are just spending the money to prevent an immediate collapse as opposed to having it collapse right now. (more…)

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Economist John Williams says don’t put too much faith in the good employment numbers that came out last week because “It’s not as happy of a picture as it looks.” Williams is the founder of ShadowStats.com. His calculations strip out government accounting gimmicks to give a more accurate picture of economic data. Williams explains, “What the Fed has done with their easing, according to the Fed, is they created a circumstance of sustainable moderate economic growth. So, they don’t need to cut rates anymore. That’s nonsense. You don’t have sustainable moderate growth. For example, look at this last month, industrial production is in a state of collapse. . . . Manufacturing is negative. . . . Oil production is collapsing year to year as oil and gas exploration has plunged. . . . Retail sales have been overstated in employment . . . . That’s going to be revised lower. . . . We have been getting better numbers as of late, and the economy is still falling off a cliff.”

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By Greg Hunter’s USAWatchdog.com 

Economist John Williams says the Fed is still not in President Trump’s corner when it comes to the economy. Williams contends, “The Fed was working against him (President Trump) on the economy, and they still are. Their primary concern is the banking system, and that certainly has to be supported, but when you have a weak economy, and this was fueled by the tightening of the Fed, I don’t think Trump is going to get blamed for that. It’s going to go against the Fed, and I don’t think it is going to hurt him that much in the upcoming election. (more…)

By Greg Hunter’s USAWatchdog.com 

Economist John Williams says be careful what you wish for when it comes to Federal Reserve interest rate cuts. Williams explains, “Unless you can get a good healthy consumer, you are not going to get a good healthy economy. It’s that simple. I think the Fed recognizes that, but they want to get rates higher because that will help the banking system. It will help make lending a little easier and start to return the system to normal. The problem with them backtracking now is the Fed may not ever be able to go back and do what they did before. We may be entering a period of perpetual quantitative easing (money printing). That changes the ballgame, and I am not sure where that’s going to go. It’s not as happy as it would have been if we had gone through a transition where bad parts of the banking system failed and you rebuilt and had a strong buildup from there with the economy and everything else. . . . Perpetual quantitative easing (money printing) is frightening, and it’s a new world. No one has ever seen anything quite like this.”

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By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

You might be wondering why the Trump Administration is calling for rate cuts and money printing with all the good news about the economy. Economist John Williams of ShadowStats.com knows why and contends, “We have a recession in place. It’s just a matter of playing out in some of these other funny numbers. The reality is on the downside, where you have mixed pressures right now. People who are really concerned about the economy right now, and that includes President Trump looking at re-election, he’s been arguing that the Fed should lower rates, and I am with him. The Fed created this circumstance. They are pushing for the economy on the upside because they want to continue to keep raising rates. Banks make more money with higher rates, and they are still trying to liquidate the problems they created when they bailed out the banking system back in 2008.”

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tomBy Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Economist John Williams warns the Federal Reserve has painted itself into a very tight no win corner. No matter what the Fed does with rates it’s going to be a disaster. Williams explains, “You had some very heavy selling towards the end of the year, and when you saw the big declines in the stock market, you also saw that accompanied by a falling dollar and rising gold prices. That was foreign capital, which was significant, fleeing our markets. So if the Fed continues to raise interest rates, and they want to do that, and they still don’t have rates where they want them, it’s going to intensify the economic downturn. That’s going to hit the stock market. If they stop raising rates . . . and they have to go back to some sort of quantitative easing, that’s going to hit the dollar hard.  Foreign investors are going to say the dollar is going to get weaker, and let’s get out of the dollar. Then, you are going to see heavy selling in the stock market. So either way they go, they created a conundrum for themselves because of the way they bailed out the banking system (in 2008-2009). At this point they don’t have an easy way out of this.”

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By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Economist John Williams says the recent rate hikes mean the “Fed is killing off the economy.”
Williams says, “I heard President Trump make some comments to that effect, and he’s right. The Fed is trying to raise rates. The idea is if you get higher rates, the banks will be able to make more profits on their lending. It will also encourage bank lending. Unfortunately, on the consumer end, it raises the consumers’ cost of borrowing as interest rates go up. It makes mortgages more expensive. It makes borrowing more expensive. Mortgages go up, people don’t buy as many houses. What you are seeing right now is effectively a recession in the housing market, in the construction area. Existing home sales have been down for six or seven months in a row, and it’s down year over year.”

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By Greg Hunter’s USAWatchdog.com

Economist John Williams says if Hillary would have won the 2016 election, we would “most likely be in a full blown depression.” The problems in the economy started long ago no matter who was elected. Williams says, “I would contend we were already in a recession at the end of the Obama Administration. That’s one reason why Donald Trump got elected.”

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By Greg Hunter’s USAWatchdog.com 

In his latest report, economist John Williams asks the question, “Did the Fed trigger the stock sell-off?” Williams answer, “It sure looks that way.  With all the heave selling, the bond yields were rising and investors didn’t like that.  Risings bond yields means someone is selling bonds.  The Fed was not selling bonds, they were not rolling over the bonds they normally wood. . . . There was a big drop in the amount of bonds the Fed was holding in the last week by about $10 billion.  That was the biggest weekly decline since August of 2012. . . . It was enough to put some upside pressure on the interest rates . . . and that was a trigger (for the stock market sell-off).  Normally, you don’t crash from an all-time high, not that it crashed, but you did have pretty heavy selling.  You didn’t see much movement in the dollar.  You didn’t see much movement in gold, and when this market really goes, I think you are going to see the dollar selling off very rapidly and gold being a flight to safe haven.”

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