from Gold Silver Worlds:
The latest edition of “Ask the Expert” on Smart Money News by Sprott Money has featured John Williams, an economic consultant with over 30 years’ worth of experience in private consulting and government economic reporting. His site, ShadowStats.com, is an electronic newsletter service dedicated to exposing and analyzing flaws in current U.S. government economic data and provides an assessment of underlying economic and financial conditions, net of financial, market and political hype.
This article contains several excerpts from the transcript.
Question: While the USA is having much higher unemployment and bigger deficits than before, the rest of the world when we look at China, Japan, or even Europe, are doing much worse. As long as the rest of the world continues to be much worse than the USA, the status quo can continue. In other words, what is it that can change this so that it’s not necessarily detrimentally affecting the U.S. dollar and economy?
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