John Williams(shadowstats.com) in an interview with Greg Hunter goes through the latest government figures.
- US Consumer accounts for > 70% of GDP.
- Average guy is not keeping up with inflation.
- The consumers liquidity is getting worse.
- The real cost of living is 7-9%.
- 2012 fiscal deficit was $6.9 trillion.
- Fed is monetizing the debt and not enough is being raised in taxes to meet the debt.
- Hyperinflation by 2014.
- Dollar sell off in the 3-4 months.