Sunday, April 9, 2017

Larry Lindsey – What The World Is Now Witnessing Is Unprecedented

"On the heels of the U.S. attack on Syria, the man who served three U.S. presidents and was also a governor of the Federal Reserve, told King World News that what we are now witnessing is unprecedented.
Eric King:  “When you look at the U.S. economy, Larry, there’s a rot that’s underneath it.  John Williams of Shadowstats keeps track of the real unemployment, and when he quantifies it the way they used to in the 1980s it’s around 23%.  We haven’t really seen it come off of that 23% figure yet.
Eric King continues:  “There are a large number of unemployed, especially when you look at the amount of people who aren’t even trying to get work anymore.  So this economy appears phony to many people.  I will give you an example of what we just saw hit the newswire about the auto sector and the crashing prices in the used car market.  When the 2008/2009 collapse happened, we printed all of this money and we borrowed from our future..."

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