The USA’s “can do” attitude has always inspired this great country to do whatever it takes to recover after legendary economic crises. During times of great uncertainty and fear, it has lifted our spirits and given us hope in the future. But times have changed, and the tragic fact is that the USA has been totally insolvent for many years. The government has failed to report accurate information concerning the gross domestic product (GDP), the real unfunded liabilities of the nation, the real rise of unemployment, how inflation really works, and so much more. John Williams is an economist, a consultant, and the founder of Shadow Government Statistics, an electronic newsletter service that exposes and analyzes flaws in current U.S. government economic data and reporting, as well as in certain private-sector numbers, and provides an assessment of underlying economic and financial conditions, net of financial-market and political hype. In this interview, John Williams makes critical distinctions that will help us embrace the facts about current and coming economic conditions in the USA. He also discusses the national and public debt, treasury notes, unemployment, government deficit, the consumer price index, and the government’s long-term liabilities. Tune in as John Williams offers major insights into your future financial and investment decisions, and learn what you can do to prepare for coming economic change.
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