Glenn Beck 3/14/2011 -- Bond Meltdown

Regardless of what the media has to say about Beck, it's mainly because he threatens the status quo and is one of the few in media who has the ability to think critically. Beck reaffirmed what I've been saying about the hysteria surrounding Japan's nuclear plant. Each day a catastrophe is less likely to happen, but the media is increasing the hysteria of a meltdown and sounding warnings regarding America's nuclear plants. The chances look good that the end result will be a testament to the safety of nuclear energy.

Beck made the point that the real danger is a meltdown of our bonds as more sources begin moving away from supporting our spending -- PIMCO, now Japan, and China's economy is slowing down. The only option is for the Fed to buy our debt and use inflation as a way out. This puts America at risk of a financial meltdown, but the media doesn't appear to see the imminent danger and prefers to criticize Beck for sounding the warning.

We are on the verge of going in one of two directions -- we can go toward strict limitations on government power and the long road back to economic sanity and prosperity, or we can turn a blind eye to statism, internationalism, redistributionism and the management of the power elite, thus heading toward financial disaster.