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Monday
Mar212011
Wake-Up Call - 03/21/11
March 21, 2011
Download this episode (right click and save)Hurtling Towards The Cliff Of Debt
We are past the point-of-no-return. A cataclysmic economic collapse is no longer a virtual certainty. It is unavoidable. We are already on borrowed time. The Federal budget will never be balanced. America’s mad politicians seem hell-bent on running the country into the ground. The report from the Financial Crisis Commission skates over the reality of the crash. It was “everybody’s fault”, therefore nobody’s fault. Inflation and deflation: the difference between speculative and organic demand and the difference between money and credit. Michael Lewis’s dissociation from the FCIC report of which he was a Commission member. His own five causes of the financial crisis.
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