Federal Reserve

Fed economist says the reason for the 2008 recession was the Fed failed to inflate enough.

I've seen lots of predictions that the next phase of the collapse will happen in 2013, but a few years ago, bears were predicting it would come before then. But John Williams of shadowstats.org is not an alarmist, but he's predicting the collapse will come by 2014.

"Williams contends there is 12 trillion in liquid dollar assets held outside the U.S. Williams says it is only a matter of time before all the Fed money printing will “trigger a sell-off . . . and that will provide the early start of the hyperinflation.” You think the U.S. is better off today than it was in the last meltdown? Not according to Williams, he thinks, “. . . things have gotten a lot worse.”"

It's going to be painful.