When Will Financial Armageddon Begin?

Here is an article by two men that I have the deepest respect for. Please note John Williams on hyperinflation. Check out Greg's former employment.

Jim

A little more than two years ago, economist John Williams of shadowstats.com predicted a “severe recession” was coming and soon. At the time, I was working as an investigative correspondent for CNN. I interviewed Williams for a story about the coming financial crisis. Most so-called experts, at the time, did not see the financial meltdown coming, let alone that all the banks were in trouble. Williams’ assessment of the economy was spot on in 2008. I don’t see how you can characterize what we have now as anything but a “severe recession.” Accurate information is the first and foremost reason to use someone as a source when you are a journalist. In my experience, what I have gotten from Williams has been stellar. (Click here for the 2008 CNN story featuring Williams and his predictions for the President in 2012.) (Click here for shadowstats.com)

In my commentary Money subject theory of value, I suggest that money is a game of perception and confidence. This is the main reason why everything can look so normal, right before the wall of confidence comes tumbling down and all hell breaks loose. Martin Armstrong alludes to this rapid progression in his commentary How all systems can collapse overnight.

Eric

Source: usawatchdog.com