ShadowStats.com founder John Williams explains the risk of hyperinflation. - Jan 2010

Excerpt:

"The government does put out financial statements usually in December using generally accepted accounting principles, where unfunded liabilities like Medicare and Social Security are included in the same way as corporations account for their employee pension liabilities. And in 2008, for example, the one-year deficit was $5.1 trillion dollars. And that's instead of the $450 billion, plus or minus, that was officially reported. "

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ShadowStats.com founder John Williams explains the risk of hyperinflation.