John Williams( 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.