Why the Crash? | Eastern North Carolina Now

    There are two types of "money" competing with each other in America today as our economy enters the final stages of a deflationary economic collapse. First is the after-tax true-labor result of working people in the economy -- the fruit of honest work by regular people. This "money" is the sum result of sweat, blood, tears and toil by working class Americans and accurately reflects the economic output of this great country we call home.

    Unfortunately this honest value is overwhelmed by the second type of "money" -- and therein rests the root of out current economic catastrophe. A catastrophe, I might add, the president and his current crop of congressional underlings seem little interested in avoiding. Of course not as this second type of "money" seems ultimately to make up the majority of their special interest campaign funds.

    The second form of "money" that crushes honest labor in the current American economic model is debt-based and created through the fraudulent lending models sustained by the Federal Reserve and enabled by government sponsored entities such as Fannie Mae. This fraudulent form of "money" breeds rapidly through fractional reserve banking and aggressive lending to create "growth." This works for awhile but ultimately a point is reached where there is not enough labor-generated honest "money" of the first type to service the compounding interest debt-requirements needed to sustain the second form of fraudulent debt-based "money."

    We have reached that point and collapse is likely in the next few years without radical changes in policy.

    The last twenty years of "growth" have been an illusion and now the economic tectonic plates are beginning to shift to the endgame. This will not be a pretty sight and it appears the president and his fat-cat henchmen lack the courage or the knowledge to generate policies of fiscal conservatism to save our economy. I am not hampered with those same liabilities.

    Think about this -- prepare yourself for what must happen without policy reform -- and make your vote count in the primary and November.

    Greg Dority is a security expert practicing his craft on the international stage. Currently, Greg is running for the United States Congress, 12th District.