U.S. FINANCES--OUR LIVES ARE NEAR THE EDGE, CHANGE IS ON THE WAY
Terresa Monroe-Hamilton's NoisyRoom Blog has a video interview with John Williams of shadowstats.com, an interview that deals with where we as a people and our financial systems are headed.
It's not one of those over-your-head econ discussions at all. It boils down to this: keep spending like you are (congress) and the main world currency--the dollar--will no longer be of value to you or anyone else. Williams sees a currency shift toward something backed by gold. But, without a doubt, if Washington continues its ways--spend, spend, spend--in time we will see changes in our lives that will not make us happy. Certainly your children and their children won't be happy with it. They'll be standing around wondering what the hell WE were thinking.
So after you're finished mourning Whitney, click over to NoisyRoom and learn something. That is all.