From King World News:
John Williams just issued a warning regarding the monetary base vaulting to an historic high. Williams, who founded ShadowStats, also stated the reason for the expansion is directly related to a deepening systemic solvency crisis.
Here is what Williams had to say about the situation:
"The seasonally-adjusted St. Louis Fed Adjusted Monetary Base just jumped to an historic-high level in the two-week period ended February 22nd, as shown in the (above graph). The movement here is largely under direct control of the Fed’s Federal Open Mark Committee (FOMC) and is suggestive of a deepening systemic solvency crisis."
John Williams continues:
"Adding liquidity to the system usually is contrary to the action that would be taken if the Fed were trying to...
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