David Walker, head of the US General Accounting Office, who has been very candid that the US is going bankrupt, is resigning about 5 years early so that he can truly "speak out."
I'm sorry this is happening. He was a very candid voice that the US is on an unsustainable fiscal path. The fact that he thinks he couldn't be candid enough, scares the hell out of me.
Here's a link to the article and more discussion on it at tickerforums.
Tickerforum
This is why I believe, long term, gold will outperform the US dollar, despite the deflation arguments for cash
PeakOil is You
Head of US GAO resigns
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Head of US GAO resigns
by seahorse » Sat 16 Feb 2008, 10:35:07
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Re: Head of US GAO resigns
by shakespear1 » Sat 16 Feb 2008, 11:39:05
I once saw an interview with him. The words were very measured as I could sense that the guy was walking on dynamite. Guess he had enough.
The Picture He Can Paint Now Will Be Very Ugly
The Picture He Can Paint Now Will Be Very Ugly
Men argue, nature acts !
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
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Re: Head of US GAO resigns
by TommyJefferson » Sat 16 Feb 2008, 12:08:12
Good for him.
No one can say they didn't know we were heading for the iceberg.
No one can say they didn't know we were heading for the iceberg.
Conform . Consume . Obey .
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