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Posts Tagged ‘deflation’

Rethinking Globalism: Why We Need a Cell-Based Economy

When you listen to the pundits and economic experts, you come away with a mixed bag of blame for the economic woes the United States, and by turn the global economy, presently faces.

At first blush, it’s middle class “Annie” with her subprime mortgage, too ignorant or materialistic to admit that she can’t afford the McMansion she lives in.

At second glance, it is the greedy, not-my-problem mortgage broker who knows banks routinely sell off homeowners’ loans to Wall Street investors who will be left holding the bag when homeowners default.

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It has been called the “dirty little secret” that everyone in Washington knows.

“We suffer from a ‘fiscal cancer’. It is growing within us. And if we do not treat it, it can have catastrophic consequences for our country.”

Assume those are the words of Congressman Ron Paul, M.D.?

Think again. Those are the words of David Walker, top accountant in the nation.

The U.S. Comptroller General of the Government Accountability Office hit the streets to warn Americans that the long-anticipated Economic Perfect Storm is not only brewing, it made landfall January 1, 2008. Walker began sounding an alarm last year “like an Old Testament prophet” according to CBS “60 Minutes”.

So is Congressman Paul an isolated alarmist — harping as he does on the precarious state of our “monetary system“? Or a modern-day Paul Revere? (more…)

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