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(VIDEO)Economist John Williams on CNN in January predicted depression

http://revolutionarypolitics.com/?p=170

In a segment on CNN John Williams of Shadowstats.com predicted an inflationary depression back in January of ‘08. His predictions are largely based on the M3, the amount of total fiat currency in the system. Based on his speculations, just think about what the impact of adding another 700 billion to the debt ceiling will be.