John Williams From Shadow Stats: "The REAL Deficit Is Running At $5 Trillion Per Year" (Audio)

Topics are gold, the real national debt, treasuries, stocks & hyperinflation.

• Click to hear the interview...
  

John is using GAAP accounting which correctly includes the annual unfunded liabilities.  His website is Shadow Government Statistics -- the best site for true government economic statistics:

• Shadow Stats

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Check out the real unemployment rate from ShadowStats:

• CHART: The REAL Unemployment Rate Is 23%

Comments

[DailyBail]

http://www.shadowstats.com/

John's site...

[DailyBail]

Citigroup Inc.'s newest prized banker has won quite a prize of his own: a pay package that could hit as much as $30 million over three years, according to people familiar with the matter.

The deal with Stephen Trauber, an energy banker who defected this month to Citigroup from UBS AG, comes months after U.S. Treasury Department "pay czar" Kenneth Feinberg ended his oversight of Citigroup's pay practices. The pay-czar's job was created to oversee compensation at banks like Citigroup that received significant government aid during the financial crisis after Wall Street pay drew ire from Congress and shareholders.

http://online.wsj.com/article/SB10001424052748704760704575516231390392628.html?mod=djemalertNEWS

[DailyBail]

Plan Would Pare U.S. Stake in AIG

http://online.wsj.com/article/SB10001424052748704791004575520561717038480.html?mod=WSJ_newsreel_business

[DailyBail]

Government Response to Gulf Oil Spill Was "A Little Bit Like Custer Underestimating The Number Of Indians On The Other Side Of The Hill"

http://www.washingtonsblog.com/2010/09/government-response-to-gulf-oil-spill.html

[DailyBail]

Three House Republicans, Joe Barton and Michael Burgess of Texas and Marsha Blackburn of Tennessee, have introduced the Better Use of Light Bulbs Act, which would repeal the section of the Energy Independence and Security Act of 2007 that sets minimum energy efficiency standards for light bulbs and would effectively phase out most ordinary incandescents.

http://green.blogs.nytimes.com/2010/09/23/the-battle-of-the-bulbs/

[DailyBail]

http://www.guardian.co.uk/world/2010/sep/27/water-raiding-threatens-angkor-wat

Private water raiding threatens Angkor's temples built on sand

Unchecked pumping of scarce water resource from under Siem Reap puts stability of Cambodia's ancient monuments at risk

[Z]

Sounds like a $5 trillion a year conspiracy theory DB...hmmmmm.

[Something Polish]

Shadow Stats guy is not Rockin'.

[DailyBail]

Rockin' Johnny Williams always rocks alone...

[TR]

This might rhyme with $5 Trillion?
http://www.youtube.com/watch?v=g-woSJpg8E0&feature=player_embedded

[SKINFLINT]

Dayum TR. Well at least I will sleep good tonight.