John Williams of Shadow Stats “This is end of the world type stuff”

VisionVictory of INA interviews John Williams of Shadow Stats on the state of the world economy.

“The US is bankrupt” – John Williams

John describes how fudging of the accounting rules for government is hiding massive bankruptcy that will eventually bring down the entire global economy.

My girlfriend is an accountant.  She said the rules between corporate and government accounting were so different that as an accountant, you literally had to chose which one you wanted to specialize in because learning both would be nearly impossible.  She said that government accounting is basically learning how to violate every rule that corporate accounting has to abide by while still making the books balance.