John Williams warns of “something close to a hyperinflationary circumstance” in early 2022

May 27, 2021

Have you ever thought about what could happen to America’s financial system if the Federal Reserve stopped printing the bulk of money for stimulus and debt services?


Economist John Williams came forth to tell that, “Federal Reserve has painted itself into such a tight corner with the economy it has only two choices - Inflation or Implosion.”


He also pointed out that the system needs liquidity to function properly, and without liquidity, America would see an economic implosion worse than any before. Williams further added that he is ready to “contend that the headline pandemic numbers have actually been a lot worse than they have been reporting. It also means we are not recovering quite as quickly. The Fed needs to keep the banking system afloat. They want to keep the economy afloat. All that requires a tremendous influx of liquidity in these difficult times.”


When asked whether inflation or implosion is a choice, he answered that “we are going to have a combination of both of them.” Upon further interrogation, he made a shocking statement that “the Fed has lost control of inflation…” it “has been creating money at a pace that has never been seen before. You are basically up 75% (in money creation) year over year. This is unprecedented. Normally, it might be up 1% or 2% year over year. The exploding money supply will lead to inflation.”


William suggests buying tangible assets to fight inflation, for example, canned food, physical gold, silver. You can use canned food for barter, whereas silver and gold will protect your buying power.


“Everything is going to go up in price. “I am looking down the road, and in early 2022, I am looking for something close to a hyperinflationary circumstance and effectively a collapsed economy,” William predicted.


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