Will Grigg?s Liberty Minute

March 12, 2008

Financial analyst John Williams tracks and reports the so-called US Government ?shadow statistics? -- figures about public spending and economic health Washington would like us to ignore.

According to Williams, if the Federal Reserve hadn?t intervened to pump money into investment markets, ?we might [already] be contemplating a collapsed U.S. banking system and a looming deflationary great depression that could have dwarfed the bad times of the 1930s.?

That?s the good news, such as it is. The bad news, Williams continues, is that ?the Fed is locking in a hyperinflationary great depression in the decade ahead, with the turmoil possibly breaking by 2010 or earlier."

According to the Global Europe Anticipation Bulletin, Williams is too optimistic. That widely respected investor journal predicts that the turmoil will erupt by ?the end of the third quarter of 2008? ? that is, late September.

Whether in September, next year, or a little later, we?ll soon face the consequences of decades of domestic profligacy and international imperialism.

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