Respected Economist John Williams Advises Hoarding Gold And Booze To Barter

Respected economist John Williams has been tracking the real fundamentals of the economy for many years at his website Shadow Stats.

Williams believes that the printing of trillions of dollars to fight the depression will lead to a “hyperinflationary depression“.

Williams is advising people to stock up on gold and booze to bargain with once the hyperinflation makes dollars worthless:

“Three or four years into the future I think we could be in a hyperinflation, within the current year you’re going to see much higher inflation than most people are looking at,” Williams told MarketWatch.

Williams said that his definition of hyperinflation would be a situation in which a $100 dollar bill would become more functional as a piece of toilet paper than a store of value.

“This is a time when you want to preserve your wealth and assets because inflation will knock the value out of it,” he added, advising that people buy physical gold and assets other than the U.S. dollar.

“Then when the hyperinflation hits you’ll see disruption of normal commerce, you won’t have enough $100 dollar bills to buy what you want,” said Williams, adding that items to barter with, such as a bottle of scotch, would be more valuable than actual cash, even in large quantities.

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  • Glad I bought some wine. The trick will be not drinking it!

  • Ridiculous about the booze. You get drunks running around the country during hyperinflation…not good. Gold, and precious metals yes…but it's irresponsible to name booze, wine etc..as a bargaining tool. Drunken anarchy?….naaahhh!