TFMR Podcast #12 - John Williams of


Boy oh boy, do I ever have a timely treat for you today. Back on Thursday, I was able to visit with John Williams of Shadow Government Statistics. In light of today's heavily-manipulated BLSBS report, I'd say this podcast is rather timely.

As most of you know, my college degree is in Econ so getting a chance to visit with John was a real pleasure. I mention at the end of the podcast that I could have gone on speaking with him for another hour or two but, in respect of his time, I had to cut us off after just 30 minutes. Please take the time to listen to the entire thirty minutes, though. The information that John provides, particularly near the end of the podcast as he discusses the CPI and the coming "hyperinlationary depression", is extremely important.

I'd also like to pass along a hearty and sincere endorsement of John's work and his website. He provides plenty of information free of charge but if you want to go in-depth, you should seriously consider purchasing a subscription. The site can be found here:

I'm confident you'll enjoy this podcast and I hope to have a follow-up conversation with John sometime soon. TF


Feb 3, 2012 - 5:07pm

Morning and thanks :)

Morning and thanks :)

Feb 3, 2012 - 5:16pm

Thanks from snowy Finland

Thanks from snowy Finland buddy!

Be Prepared
Feb 3, 2012 - 5:25pm

Hurdy Turdy

Thrown like a star in my vast sleep
I open my eyes to take a peep
To find that I was by the sea
Gazing with tranquillity.
'Twas then when the Hurdy Turdy Man
Came singing songs of Silver and Gold,

A little Donovan homage to our ring leader, Turd.


Thanks Turd for arranging to interview John Williams...... what a great score and opportunity for all of us, Turdites.

Feb 3, 2012 - 5:26pm

What a score!

Love Mr. Williams. I love this site.

Feb 3, 2012 - 5:33pm

Are there any government statistics...

Are there any government statistics that are reliable?

Feb 3, 2012 - 5:48pm


way to go mrF. just found my wEEkend listening material. could not have a more timely interview....enjoy this wEEkend! stay safe pEEps.

edit: and NO there are NO g'men stats you can trust.

Feb 3, 2012 - 5:56pm

Very good interview... but I have a suggestion

Very good interview, but I have a suggestion for you Turd. Take what you want from it.

I think it would be better if you cut the sound of your mic while the other person talks. Because a lot of time there are some residual noise (breathing, chair noise, etc.) that make it more difficult to listen to what the person has to say.

Also, I believe you could cut those "hmm hmm" and "yeah" by about 75%... Don't need to say it every 30 seconds for the other person to feel that he is listened to.

Please don't take those advice badly. I really like this interview and other interviews. Only a suggestion to make the next ones even better!


Feb 3, 2012 - 6:16pm

All government stats must now be suspect.

No matter which government entity/department issues statistics meant for public consumption, they (the stats) will tout the ongoing governmental propaganda line. There is no truth left in these statistical releases.

1/ The GDP is heavily 'adjusted'.

2/ The CPI is manipulated by way of change in 'goods baskets'.

3/ Labor Statistics have become a joke by way of 'methodology'.

4/ Fiscal Responsibility is generally recognized as being non existent.

5/ There is no moral ground left in government. We have rule by the moneyed elite, for the moneyed elite, and of the moneyed elite. As George Carlin stated "its a big club and you aint in it!" Believe gov.stats. at your peril.

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Feb 3, 2012 - 6:31pm

Boy do I hate days like this.

It's all crooked and rigged. For gold to go down 30+ on a day like today is obscene. Anyone can read the BLS data and see how skewed the numbers are. And what about the saber rattling? PMs should be going up if the world is so crazy, right??? I really find it hard to feel any affection for my nation at this point. The laws are ignored and the people are either evil or stupid.

Thanks for the interview Turd - a Williams interview is quite a feather in your cap. I know I haven't heard audio from him in too many venues. Well done.

Feb 3, 2012 - 6:39pm

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Key Economic Events Week of 3/30

3/31 9:45 ET Chicago PMI
4/1 8:15 ET ADP Employment
4/1 9:45 ET Markit manu PMI
4/1 10:00 ET ISM manu PMI
4/2 10:00 ET Factory Orders
4/3 8:30 ET BLSBS
4/3 9:45 ET Market service PMI
4/3 10:00 ET ISM service PMI

Key Economic Events Week of 3/23

3/24 9:45 ET Markit flash PMIs
3/25 8:30 ET Durable Goods
3/26 8:30 ET Weekly jobless claims
3/27 8:30 ET Personal Inc and Spending

Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
3/12 8:30 ET weekly jobless claims
3/12 8:30 ET PPI
3/13 8:30 ET Import Price Index

Key Economic Events Week of 3/2

3/2 9:45 ET Markit Manu PMI
3/2 10:00 ET ISM Manu PMI
3/2 10:00 ET Construction Spending
3/4 8:15 ET ADP employment
3/4 9:45 ET Markit Service PMI
3/4 10:00 ET ISM Services PMI
3/5 8:30 ET Productivity & Unit Labor Costs
3/5 10:00 ET Factory Orders
3/6 8:30 ET BLSBS
3/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 2/24

2/25 9:00 ET Case-Shiller home prices
2/26 10:00 ET New home sales
2/27 8:30 ET Q4 GDP second guess
2/27 8:30 ET Durable Goods
2/27 11:30 ET Goon Evans speech
2/28 8:30 ET Pers Income and Spending
2/28 8:30 ET Core Inflation
2/28 9:45 ET Chicago PMI

Key Economic Events Week of 2/17

2/18 8:30 ET Empire St Manu Idx
2/19 8:30 ET Producer Price Idx
2/19 8:30 ET Housing Starts & Bldg Perms
2/19 2:00 ET January FOMC minutes
2/20 8:30 ET Philly Fed
2/21 Fed Goons all day at Chicago Conf.
2/21 9:45 ET Markit flash Feb PMIs

Key Economic Events Week of 2/10

2/11 10:00 ET Job Openings
2/11 10:00 ET CGP Hump-Hawk House
2/12 10:00 ET CGP Hump-Hawk Senate
2/13 8:30 ET CPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Business Inventories

Key Economic Events Week of 2/3

2/4 10:00 ET Factory Orders
2/5 8:15 ET ADP Employment
2/5 9:45 ET Markit Service PMI
2/5 10:00 ET ISM Service PMI
2/6 8:30 ET Productivity & Unit Labor Costs
2/7 8:30 ET BLSBS
2/7 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/27

1/28 8:30 ET Durable Goods
1/28 10:00 ET Consumer Confidence
1/29 10:00 ET Pending Home Sales
1/29 2:00 pm ET FOMC Fedlines
1/29 2:30 pm ET Powell presser
1/30 8:30 ET Q4 GDP first guess
1/31 8:30 ET Pers Inc and Spending
1/31 9:45 ET Chicago PMI
2/2 10:00 pm ET Chiefs win SB LIV

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

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