Letters to the Editor
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The Perfect Storm ...
Unsustainable consumer and government debt, Peak Oil and gridlock in Washington DC ...
It will take major changes in monetary and energy policy to right the ship.
The current monetary policy of 'debt money' , that is US Bonds placed in the privately owned and operated Fed to expand the money supply is unsustainable. What is needed is a Public Central Bank based on 'greenbacks' or money generated and based on the credit of the government, not its debt.
The current reliance on oil must be replaced with an 'electrified' transportation system using battery electric and hybrid battery electric vehicles. Only in this way will we be self sufficient and trade balance positive.
Without these two steps our economy will only degenerate to a stand still with ever rising foreign debt and an ever smaller money supply to service that debt ending in sovereign insolvency.