John Williams predicts hyperinflation, aka the “Great Collapse”

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Andrea Mandell-Campbell of CTV interviewed John Williams of Shadow Stats, who has repeatedly warned that the U.S. economy is not doing as well as some would have you believe. From unemployment to GDP to current and future liabilities, there are fundamental problems that will not be resolved anytime soon – in fact, they’re likely to get worse.

The end result according to Williams? A hyperinflationary depression.

Source: CTV (via YouTube), January 4, 2011 (hat tip: Financial Doom Blog).

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