Potential Future Hyperinflation

The real value of all goods and services produced is lower than official GDP numbers when adjusted for higher inflation. More of it means higher prices, not increased output. It's how Williams makes his calculation, and he's worried. He sees inflation rising and a threat of hyperinflation ahead. He highlighted his concern in a recent April 2008 report called "Hyperinflation Special Report" with three dramatic sub-headings:

-- "Inflationary Recession Is in Place;

-- Banking Solvency Crisis Has Opened First Phase Monetary Inflation;" and

-- "Hyperinflationary Depression Remains Likely As Early as 2010."