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« "Bank Stress Tests Prove The EU & ECB Believe In Father Christmas, The Easter Bunny And Other Munificent Deities" | Main | European Pressure On Hank Paulson: New Details On Why AIG Was Bailed Out After Lehman Had Been Allowed To Fail »
Tuesday
Sep282010

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.

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:

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Check out the real unemployment rate from ShadowStats:


 

 

 

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Reader Comments (11)

Sep 28, 2010 at 9:33 PM | Registered CommenterDailyBail
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
Sep 28, 2010 at 9:35 PM | Registered CommenterDailyBail
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
Sep 28, 2010 at 9:38 PM | Registered CommenterDailyBail
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/
Sep 28, 2010 at 9:39 PM | Registered CommenterDailyBail
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
Sep 28, 2010 at 9:43 PM | Registered CommenterDailyBail
Sounds like a $5 trillion a year conspiracy theory DB...hmmmmm.
Sep 28, 2010 at 10:00 PM | Unregistered CommenterZ
Shadow Stats guy is not Rockin'.
Sep 29, 2010 at 12:23 PM | Unregistered CommenterSomething Polish
Rockin' Johnny Williams always rocks alone...
Sep 29, 2010 at 1:01 PM | Registered CommenterDailyBail
Jul 20, 2012 at 2:36 AM | Unregistered CommenterTR
Dayum TR. Well at least I will sleep good tonight.
Jul 20, 2012 at 4:43 PM | Unregistered CommenterSKINFLINT

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