A storm is on the horizon.
Just because it’s another hurricane season, the tempest ready to engulf
will not be tracked by eyes in the skies.
A forecast for this whirlwind won’t be made on the weather channel or by
a meteorologist. The climate that
triggers this downpour is financial. The
causes for this calamity have been brewing for decades. The major fronts that push the airstreams
toward disaster are well known. Balance
of trade deficits, federal debt financed by foreigners, soaring government
liabilities, loss of viable wages for domestic employment and offshore exodus of
any job that improves the bottom line of transnational corporations. But have you heard of the other gusts that
will blow your house down?
Read the entire essay from the View from the Mount archives
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