So, what is the next move by the Federal Reserve? Williams says, “I think the Fed has lost control of the financial system. I don’t know quite what they are going to do, but they are not able to do what they want to do. They want to raise interest rates. They had an opportunity back in June . . . they announced rather formally . . . that they were going to raise rates in September . . . and that didn’t happen. The markets began to move around, and they said the economy is too weak and were (the Fed) not going to do it.”
What the Fed did with all of its bond buying and money printing did not fix the system, and Williams says, “I think we are going towards a QE4. . . . All that is bad for inflation. There is a point here where the dollar is going to take a tumble.”
Join Greg Hunter as he goes One-on-One with economist John Williams, founder of ShadowStats.com.
All links to John Williams site can be found by clicking through to USAWatchdog.com: http://usawatchdog.com/were-in-a-new-recession-john-williams/Follow us: