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John Williams - Dollar Selling Panic Coming [VIDEO]
Dollar Selling Panic Coming-John Williams By Greg Hunter | USAWatchDog.com
April 27, 2016
http://bit.ly/1pKE4tj
[snip]
Economist John Williams has long predicted the $16 trillion in U.S. dollar assets held outside of America will be sold in a panic. The time draws near for that scenario to unfold, and Williams explains, “When people start selling the dollar, or dollar denominated assets, you will see the value of the plunge. We have had a remarkable rally in the dollar since mid-2014, and it is up over 30%. It is going to be going down by more than that, and we are going to be headed to new lows.
We have the waffling of the Fed and the beginnings of the perception that the economy is in serious trouble, which generally would be negative for the dollar. We have started to see selling pressure on the dollar. It has been inching lower. It’s down year to year now... The selling is going to intensify, not only with large central banks, but with corporations that will be beginning to dump their Treasury holdings... Nobody wants to be the last one out the door when you have a panic like this. It’s not a panic yet, but the potential certainly is there.”
Williams also says, “The dollar will blow up, and when I say blow up, it will collapse. There will be panic selling of the dollar, and that will intensify the inflation. The problem is they don’t have a way of avoiding it...
John Williams-Dollar will Blow Up and Collapse Greg Hunter
