Interview with John Williams od Shadowstats

[Rajiv]

Interview home page

[MEDIA]http://kingworldnews.com/kingworldnews/Broadcast/Entries/2009/12/4_John_Williams_files/John%20Williams%2012%3A4%3A2009.mp3[/MEDIA]

[Jim Nickerson]

Re: Interview with John Williams od Shadowstats

Scary stuff, and one must hope whatever turns out to be the case, it is a bit less than he predicts.

[phirang]

Re: Interview with John Williams od Shadowstats

He's not very smart imo and is not a trader.

I'd ignore him.

[Anon21456]

Re: Interview with John Williams od Shadowstats

He's not very smart imo and is not a trader.

I'd ignore him.

Are you serious ?

[LargoWinch]

Re: Interview with John Williams od Shadowstats

He's not very smart imo and is not a trader.

I'd ignore him.

That is true phirang, we should follow only what you say. :rolleyes:

[LargoWinch]

Re: Interview with John Williams of Shadowstats

Thank you Sir Rajiv for sharing. Another homerun.


For those who missed it, here is Williams "Hyperinflation" report of April 2008:

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

[we_are_toast]

Re: Interview with John Williams od Shadowstats

This was absolutely jaw dropping! :eek::eek:

Why would anyone be interested in trading tools, asset allocation formulas that includes bonds, TBills ... if you believe $100 bills will be used as toilet paper?

Is there a Jekyll and hyde amongst us?

[metalman]

Re: Interview with John Williams od Shadowstats

He's not very smart imo and is not a trader.

I'd ignore him.

william's has predicted hyperinflation for over a year... Hyperinflation case revisited: Will we complete the trip? - Eric Janszen

where'd he leave the goal posts after his latest report?

[Tybee Island]

Re: Interview with John Williams od Shadowstats

I am on board with everything he said. No back to my bunker.

[phirang]

Re: Interview with John Williams od Shadowstats

I am effectively a professional trader. I live off my investment income: rent, food, medical bills, and even the occassional vacation are all paid for by my pnl.

I can't afford to have too many bad quarters or even many bad trades. Many here seem to have real jobs and hence aren't as sensitive to pnl fluctuations as I am, but I have developed an excellent BS filter, and Shadowstats guy has NO IDEA wtf he's talking about.

To start with, M3 is meaningless - completely, utterly meaningless. Anyone who asserts otherwise has missed the past 10 years of near-money credit evolution.

[Guest]

Re: Interview with John Williams od Shadowstats

I have plenty of respect for John William's work, and I like him, but Phirang is actually correct - Williams has a peculiarly myopic quality in how he equates the USD to Weimar's Deutsche Mark. They are **most definitely** not comparable, due to that factor called "context". Anyone who thinks that a disintegrating USD will not have it's effective trajectory determined by what the rest of the world's currencies do in the meantime is being hopelessly naive. Gold may soar, but the action among the world's major currency pairs (ALL of them) will be MUTED.

The extent to which iTulipers raise John William's predictions to a pedestal such that his conclusions here "cannot be questioned" due to his "stature" as an economist, is excessive. If you think this, you've been A) reinforcing each other's preferred dramatic bias on these pages far too much, to the exclusion of dissenting other inputs (single thesis affirmation bias), and B) you are emotionally attached to your hyperinflation thesis. Open the windows and let some air in. The dollar hyperinflation thesis Williams paints in such "to the moon" colors will disappoint you, and will leave you looking foolish, with your pantry stuffed floor to ceiling with canned goods. =:-)

Phirang's view of the markets may be too much the mere technicians for some here, and he does not dissect William's mis-conclusions sufficiently to bring a lot of readers around to his viewpoint, but IMO he's actually making the correct call in suggesting Williams is off in orbit somewhere when it comes to USD disintegration. USD is still overwhelmingly a central gear of global credit. When it disintegrates, it will partially disintegrate all the other currencies with it. Result? Action in the forex markets does not give you one onehundredth of the fireworks that Williams so breathlessly predicts.

Gotta think some more on this, iTulipers. Your thesis way is too sensationalist.

[metalman]

Re: Interview with John Williams od Shadowstats

I am effectively a professional trader. I live off my investment income: rent, food, medical bills, and even the occassional vacation are all paid for by my pnl.

I can't afford to have too many bad quarters or even many bad trades. Many here seem to have real jobs and hence aren't as sensitive to pnl fluctuations as I am, but I have developed an excellent BS filter, and Shadowstats guy has NO IDEA wtf he's talking about.

To start with, M3 is meaningless - completely, utterly meaningless. Anyone who asserts otherwise has missed the past 10 years of near-money credit evolution.

wish you'd post here more often.

[jk]

Re: Interview with John Williams od Shadowstats

fiat can't be measured against other fiat; they will all float gently downward in purchasing power, with varying but limited movements against each other. look what's happening now: the euro is IT, gaining in relative value much to the dismay of both eurozone exporters and eurozone industries competing against imports in their domestic markets. no country wants a strong currency, and they all know how to print. the bundesbank's legacy of inflation-phobia has been inhibiting the ecb, but the european periphery, not just the eastern europeans but the piigs are in deep trouble, and european banks are in trouble. where is a central bank that wants a strong currency?

in the meantime there is no ready successor to the u.s. dollar. it is STILL the global reserve currency, in spite of its many obvious problems. that will not always be the case, but it will remain the case for quite a while unless the tptb and their tools, the cb's, utterly lose control.

[LargoWinch]

Re: Interview with John Williams od Shadowstats

wish you'd post here more often.

I wish Phirang would remember to remain courteous while doing so.

[Guest]

Re: Interview with John Williams od Shadowstats

I really like you Largo, and I respect almost all your posts. But this response, with all the mentions to Peer-induced bannings, black marks, unproven track record, and blah blah blah just gives me a headache. This is the kind of tripe which frankly leaves me wandering away from iTulip to search for forums where the clubby tribalism and groupie syndrome is a little less strident. It's just unattractive.

But I much enjoy and greatly respect the vast majority of your comments. You are a cool guy.

In case you missed denizens, phirang was once banned from iTulip. Perhaps you can ask him what "spice" he then used to warrant such exceptional action?

.....

Case in point just above:

a) He call himself a "professional trader". Well bravo to him, what does it mean and more importantly: who cares?

b) More importantly he called Williams "not very smart". Hmmm. Why? (we do not know) Do you agree with phirang view? Or perhaps he is just a troll?