The Sky is Falling! The Sky is Falling!

In another recent “the sky is falling” post, I provided some perspective on why the mainstream media, even the cheerleaders of the mainstream business media, will provide little help in warning of, or preparing for the coming crisis.

But what about our government? Won’t the government tell us the real story?

John Williams has something to say about that.

Actually, he has quite a bit to say, that can be found at-

http://www.shadowstats.com/

Specifically about money supply, unemployment and consumer inflation, where he has charts with different, and arguably significantly more accurate and realistic statistics.

Why should you give any credence to his numbers? Doesn’t the government know best?

Well, the government, the worse things get, changes the definitions of what they are reporting to make things look better than they really are. Williams does the dirty, underhanded, sneaky trick of calculating things using... the formulas the government used to use a few years ago, before those formulas revealed too much of the unstable foundation of the American economy. Take a look here-

http://www.shadowstats.com/alternate_data

He also has a report where he argues for a hyperinflationary period in the US in the near future, here-

http://www.shadowstats.com/article/292


Read em and weep.