John Williams – Gold Says Hyperinflation Straight Ahead
[Ed. Note: If you predict a certain event will happen ‘next year’, every single year, 15 years in a row, eventually people stop taking you seriously… John.]
by Greg Hunter
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.”
Because they has been so much damage done to the economy, Williams says there will have to be stimulus no matter who eventually makes it into the White House. Williams contends, “Let’s say Trump gets re-elected. He’s not going to have any choice but to increase stimulus to try to help the economy and help people. If Biden takes over, he’s going to have to do the same. He is already promising massive stimulus. Where it gets really scary is if the Democrats can take control of the House, the Senate as well as the White House. . . .