‘Inflation and the Fall of the Roman Empire’: Why David M. Walker compared the collapse of the United States to the Fall of Rome

‘Inflation and the Fall of the Roman Empire’: Why David M. Walker compared the collapse of the United States to the Fall of Rome

As many are aware, in March 2008, David M. Walker, the Comptroller General of the United States and head of the Government Accountability Office, resigned his commission 5 years before the end of his 15-year term expired. His reasons for resigning were that he was limited to what he could do and that the United States was in danger of collapsing in much the same manner as the Roman Empire.

“Drawing parallels with the end of the Roman empire, Mr Walker warned there were ‘striking similarities’ between America’s current situation and the factors that brought down Rome…”

For months before his resignation he traveled the country educating Americans about the financial crisis and the pending bankruptcy of the United States.

What transpired with Walker jumping ship and in the first three months of 2008 was nothing short of the beginning of the largest consolidation of wealth in the history of the United States. Walker’s resignation removed the last obstacle for those controlling US fiscal policy to readily make available cheap money.

Unfortunately, it appears that the true magnitude of Walker’s departing sentiment has not been fully appreciated by citizens of the United States, or citizens of other countries for that matter.

I believe the reason for this lack of appreciation from the general populace regarding Walker’s warning is due to the fact that the Fall of Rome seems to be, at best, a distant historical event, and at worst, an exaggerated fable told by alarmists – if only this was true. As Walker states in the above interview;

via Chycho.com – Analysis and discussion about the world we live in..