Absolute Wealth Managing Editor Shares The Gorrie Details on a Gold Standard

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Friday’s The Gorrie Details editorial column on AbsoluteWealth.com investigated the possibility of a new gold standard.

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To fix the economic woes and colossal debt our country faces, Gorrie suggests some drastic measures.

Absolute Wealth Managing Editor James R. Gorrie released the most recent editorial column on Friday, August 24. The Gorrie Details, as the column is known, highlighted a report from the Republican Party that they are considering adding the return to a gold standard to its platform.

The column acknowledges that going back to a gold standard won’t be easy. “Life as we know it would be radically changed. Social programs and government would undergo major cuts. Real cuts. Many federal workers would be out of work,” Gorrie wrote.

Each year away from the gold standard, Gorrie said, was another year of increased federal budgets, increased taxes, and an overall loss of wealth for everyone in America.

“The result of taking the dollar off the gold standard was an expansion of US national debt and a concurrent expansion of the reach and power of the federal government. It grew in size immediately thereafter and has never stopped,” wrote Gorrie.

To fix the economic woes and colossal debt our country faces, Gorrie suggests some drastic measures. Some may think them radical, but “Radical relates to roots,” Gorrie says. His ideas come straight from the foundation of America. To learn exactly what the suggestions are, read the full article.

Gorrie’s thought-provoking columns on macroeconomic issues bring an impactful and no-hold-barred writing style to the events that effect both the private and public sectors.

James R. Gorrie is Managing Editor of Absolute Wealth, based in Austin Texas. In addition to his daily articles, The Gorrie Details, at Absolute Wealth, James also writes Special Reports, interviews current thought leaders, and provides analyses on geopolitical events around the world that affect the market. James is also currently writing a book on the crises China faces, which will be published by John Wiley & Sons in the spring of 2013. His background includes attaining doctoral candidacy in international relations and comparative politics, with an area specialty in international political economy and a BA in economics.

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.

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