John Williams of ShadowStats - 2007 Crisis: Fed Saved the Banks But Not the Economy

John Williams from ShadowStats (http://www.shadowstats.com) chimes in with his views on government inflation numbers, the U.S. economy and the Federal Reserve. He also shares his views on how gold and silver will fare in the current and future U.S. economy.

05:00 The government calculating numbers differently
08:23 Changes to CPI calculation in the 80's & 90's
12:02 Government's agenda to change CPI calculation
16:21 2007 crisis: Fed saved the banks but not the economy
24:39 Purchasing power of gold vs the dollar
28:09 Gold has outperformed the S&P 500
31:54 Trump: Trade war or trade adjustment

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