Managing Editor of Absolute Wealth James R. Gorrie talked with Smith about the uses and impacts of inflation, and how it will affect the United States moving forward.
Austin, TX (PRWEB) July 17, 2012
Absolute Wealth has published the fourth portion of an interview and discussion with monetary and financial expert Craig R. Smith, and the results are both thought-provoking and concerning.
Managing Editor of Absolute Wealth James R. Gorrie talked with Smith about the uses and impacts of inflation, and how it will affect the United States moving forward. Smith says there’s likely one solution, and it’s not a good one for the American people.
“We still need to see more deleveraging,” said Smith in response to Gorrie’s questioning. “The American consumer has deleveraged. Corporations have deleveraged. But the government has yet to deleverage. Once that happens, then you’ll set the stage for more growth. Until then, we have some pretty difficult times to get through.”
In Part 1 of the interview series, Smith and Gorrie talk about America’s need to weigh its military and economic options as the global recession gathers steam. Geopolitical power is slipping from American hands, and it could have serious long-term effects.
Part 2 covers the deliberate diversification of China’s economy, likely meant to reduce American leverage. “I do look at China as a superpower now, being strategic in their acquisition of true assets,” says Smith.
Part 3 summarized the other American recession on the micro level. Smith made perhaps his biggest revelation by telling Gorrie that hyperinflation is on its way.
“Who has more to gain than anybody from inflation?” asks Smith in the fourth part. “It’s the United States Government. You and your listeners and your readers can rest assured that we will see inflation used in its classic sense like we saw during the days of the Romans.”
Craig R. Smith is an economic analyst and commentator, and has been featured in over 1,500 radio and TV programs. Craig is a frequent guest on Fox's Your World with Neil Cavuto and Harvest TV's Money Moment. He also writes a weekly editorial for WorldNetDaily.com. He believes we need a revival of self-government and free market principles to help rebuild the American economy. Smith’s next book, Earth AD: Earth After the Dollar, will be out in September.
James R. Gorrie has more than eighteen years of financial advisory experience. He holds a BA in economics, and attained doctoral candidacy in international relations and comparative politics, with an area specialty in international political economy. Gorrie writes daily articles on current macroeconomic and investment topics, Special Reports, and analyses on geopolitical events around the world that affect the market.
Absolute Wealth is an expert team of real investors and advisors devoted to identifying winning strategies for exceptional returns. Members subscribe to the company’s Independent Wealth Alliance for professional investment analysis and recommendations on the latest market trends and progressions. For more information and subscription instructions, visit AbsoluteWealth.com.