Wall Street Insider Examines Endgame for America's Ballooning Debt

admin 0 Comments May 12, 2025

NEW YORK, May 7, 2025 /PRNewswire/ — Could the US be facing a new monetary system where the Dollar is no longer the global reserve currency? Is a dismantling of The Bretton Woods System happening and what does that hold for the future of the US economy? R. Christopher Whalen, the ultimate Wall Street insider and Chairman of Whalen Global Advisors LLC, analyzes these theories and many more issues stemming from the ripple effects of the flawed policies related to America’s ballooning debt in his new book, the second edition of Inflated: Money, Debt, and the American Dream (Wiley, 2025).

Considered one of the most incisive financial analysts on Wall Street, Whalen has also worked in politics, at the Federal Reserve Bank of New York and as an investment banker. In 1993, Whalen was the first journalist to write about the then-secret FOMC minutes and has followed US monetary policy for more than three decades. First published in 2010, Inflated has been considered essential reading for all investors, as its analysis of long-standing monetary policies and the cyclical debt crises that have faced the US is a cornerstone of any financial education.

With the release of the highly anticipated second edition, Whalen revisits the core thesis, how a century of debt has reshaped the American economy, but with a close examination of the seismic shifts and uncertainty in the markets which have ripple effects from Wall Street through everyday investors. The history of inflation is the history of the US and Inflated starts at the beginning, bringing readers through to today with practical advice for investment strategy.

“Inflation and debt is the national pastime of America going back to the earliest days of the Republic. Franklin Roosevelt tried to convince us that we could use paper as money. That worked for a while, but a century later gold and other precious metals are in resurgence as America’s debt pile grows. No surprise, in the future the paper dollar inevitably must compete with other fiat currencies for global trade and investment flows.” – R. Christopher Whalen.

The publication of Inflated could not be more timely as it also covers topics like tariffs, the housing market, The Federal Reserve’s inflation policy, and even an examination of currencies. With contributions from portfolio manager David Kotok and others, readers will be confronted with dilemmas such as: should cryptocurrencies like Bitcoin be considered a hedge and treated like a derivative of gold? What are the long-term effects of inflation on consumer spending and how can Americans develop new models and frameworks for distinguishing between real economic growth and the illusion of growth created by inflation and credit- driven speculation?

“No one knows more about the complex interactions among banking, mortgage finance, interest rates and inflation than Chris Whalen. His book Inflated is must reading for those who wish to avoid the next monetary meltdown.” – James Rickards, NY Times Bestselling Author of Currency Wars and MoneyGPT .

Inflated offers startling predictions based on historical analysis and navigates uncertainty by equipping the reader with insider analysis which will protect their assets and investments. What have investors learned from the mistakes of history and how to diversify to avoid repeating those mistakes.

R. Christopher Whalen is also the author of Financial Stability (2014), Ford Men (2017), and Seeing Around Corners (2024). Christopher publishes the newsletter Institutional Risk Analyst and appears in media outlets including CNBC, Yahoo Finance, Bloomberg and The Wall Street Journal. Inflated: Money, Debt, and the American Dream is available through major retailers, independent bookstores. More information is available at rcwhalen.com.

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