Will Grigg?s Liberty Minute

December 31, 2008

2008 may have been the most devastating year in economic history.
The exploding debt bubble destroyed an estimated $14 trillion in investment capital. Economic analyst James Howard Kunstler describes the damage as being akin to an unprecedented cosmic catastrophe ? ?as if a meteor had landed on Madison Avenue and 51st Street,? wiping out the entire investment banking industry.

Our nation?s economy would be resilient enough to surmount this disaster, but it cannot overcome the supposed cure being imposed by the government.

The crash was the inevitable result of the Fed?s radical inflation of money and credit. Now the Federal Reserve and Treasury have prescribed a much larger dose of the same affliction as a purported cure, pumping trillions of dollars into the banking system. The effects on consumers should be felt by next spring, and there?s a good chance the dollar will lose as much as half of its value before the end of 2009.

Happy New Year.

Let us take back the liberty wherewith Christ has made us free.