Turning Hard Times Into Good Times

Economist John Williams, Gene Epstein and Michael Oliver return. John has believes the U.S. is destined for a Weimar Republic like hyper inflation. But recent history suggests that with so much debt sloshing around the globe, consumer price deflation not inflation, will prevail. With America once again facing prospects of a financial crisis, we will ask John what underlying forces will be in play to trigger hyper inflation. Might it have something to do with the dollar, which as Michael told us last week, is destined for a dramatic decline? Gene will join us after a long absence to discuss his upcoming debate with Dr. Teresa Ghilarducci at the SoHo Forum in which he will argue that given Social Security's nearly $3 trillion trust fund, the system cannot add to the federal deficit. Michael will pass along his usual prescient observations about the stock, bonds and precious metals markets.